Technology

EA's ~$50B buyout talks highlight the slowdown and consolidation trends in the $178B global gaming market after the COVID&19 boom, as gamers stick to old titles (Jason Schreier/Bloomberg)

EA's ~$50B buyout talks highlight the slowdown and cons...

Jason Schreier / Bloomberg: EA's ~$50B buyout talks highlight the slowdown and c...

London&based Paid, which helps AI agent providers monetize and track costs, raised a $21.6M seed led by Lightspeed, a source says at a $100M+ valuation (Julie Bort/TechCrunch)

London&based Paid, which helps AI agent providers monet...

Julie Bort / TechCrunch: London-based Paid, which helps AI agent providers monet...

A profile of digital microlender Tala, which has an ann...

Jeff Kauflin / Forbes: A profile of digital microlender Tala, which has an annua...

How JD Vance played a key role in the TikTok US deal, amid concerns about the VP acting as a corporate dealmaker in the forced spin&off of a private company (Washington Post)

How JD Vance played a key role in the TikTok US deal, a...

Washington Post: How JD Vance played a key role in the TikTok US deal, amid conc...

Since 2019, Brazil's courts have developed or implemented over 140 AI projects that have helped make the country's overburdened judicial system more efficient (Pedro Nakamura/Rest of World)

Since 2019, Brazil's courts have developed or implement...

Pedro Nakamura / Rest of World: Since 2019, Brazil's courts have developed or im...

iRobot co&founder Rodney Brooks details why humanoid robots won't learn human&level dexterity from current methods, how to make them safe for humans, and more (Rodney Brooks)

iRobot co&founder Rodney Brooks details why humanoid ro...

Rodney Brooks: iRobot co-founder Rodney Brooks details why humanoid robots won't...

At the UN, the US rejected calls for collaborative efforts around AI governance, even as many leaders endorsed a need for urgent international collaboration (Jared Perlo/NBC News)

At the UN, the US rejected calls for collaborative effo...

Jared Perlo / NBC News: At the UN, the US rejected calls for collaborative effor...

A look at the implosion of CaaStle, a clothing inventory monetization startup whose ex&CEO Christine Hunsicker is accused of swindling investors out of $300M (Bloomberg)

A look at the implosion of CaaStle, a clothing inventor...

Bloomberg: A look at the implosion of CaaStle, a clothing inventory monetization...

Leaked Meta internal document shows updated training protocols for its AI chatbot to refuse any prompts involving sexual roleplay with minors (Jyoti Mann/Business Insider)

Leaked Meta internal document shows updated training pr...

Jyoti Mann / Business Insider: Leaked Meta internal document shows updated train...

A fire at South Korea's National Information Resources Service's data center shut down 647 government IT systems, disrupting services such as postal banking (Lee Jung&joo/The Korea Herald)

A fire at South Korea's National Information Resources ...

Lee Jung-joo / The Korea Herald: A fire at South Korea's National Information Re...

A profile of Ant International, Ant Group's cross&borde...

Lulu Yilun Chen / Bloomberg: A profile of Ant International, Ant Group's cross-b...

A look at some California tech regulation bills, including one banning AI use in firing or disciplining workers, that await Gov. Newsom's signature or his veto (Brian Merchant/Blood in the Machine)

A look at some California tech regulation bills, includ...

Brian Merchant / Blood in the Machine: A look at some California tech regulation...

China's central bank opens a digital yuan hub in Shanghai; a Chinese state media report says the hub will oversee cross&border payments and blockchain tech (Foster Wong/Bloomberg)

China's central bank opens a digital yuan hub in Shangh...

Foster Wong / Bloomberg: China's central bank opens a digital yuan hub in Shangh...

At an all&hands, AWS CEO Matt Garman criticized staff for slow product rollouts and demonstrated a new agentic AI product for internal testing called Quick (Greg Bensinger/Reuters)

At an all&hands, AWS CEO Matt Garman criticized staff f...

Greg Bensinger / Reuters: At an all-hands, AWS CEO Matt Garman criticized staff ...

Andrew Bosworth says humanoid robots, internally called "Metabot", are Meta's next "AR size bet" and envisions licensing software to other robot makers (Alex Heath/The Verge)

Andrew Bosworth says humanoid robots, internally called...

Alex Heath / The Verge: Andrew Bosworth says humanoid robots, internally called ...

Leaked letter: NLRB drops claims against Tim Cook, including that he violated workers' rights with a 2021 email threatening staffers who leak confidential info (Josh Eidelson/Bloomberg)

Leaked letter: NLRB drops claims against Tim Cook, incl...

Josh Eidelson / Bloomberg: Leaked letter: NLRB drops claims against Tim Cook, in...

Sources: Kraken is in advanced talks to raise $200M to $300M from a strategic investor at a valuation of ~$20B, after recently raising $500M at a $15B valuation (Bloomberg)

Sources: Kraken is in advanced talks to raise $200M to ...

Bloomberg: Sources: Kraken is in advanced talks to raise $200M to $300M from a s...

OLX Group, an online marketplace owned by Prosus, agrees to acquire La Centrale, a French auto classifieds platform, for $1.3B in cash, expected to close in Q4 (Loni Prinsloo/Bloomberg)

OLX Group, an online marketplace owned by Prosus, agree...

Loni Prinsloo / Bloomberg: OLX Group, an online marketplace owned by Prosus, agr...

The robo&advisory market, which includes companies that use AI tools to help investors pick stocks, is expected to grow from $61.75B in 2024 to $470.91B by 2029 (Joice Alves/Reuters)

The robo&advisory market, which includes companies that...

Joice Alves / Reuters: The robo-advisory market, which includes companies that u...

Sources: the Trump admin plans to require chipmakers to match local output with imports and impose tariffs on companies that fail to maintain a 1:1 ratio (Amrith Ramkumar/Wall Street Journal)

Sources: the Trump admin plans to require chipmakers to...

Amrith Ramkumar / Wall Street Journal: Sources: the Trump admin plans to require...

Trump signs an EO declaring that a proposed deal allowing TikTok to continue operating in the US will be a qualified sale that meets national security concerns (Associated Press)

Trump signs an EO declaring that a proposed deal allowi...

Associated Press: Trump signs an EO declaring that a proposed deal allowing TikT...

Google asks SCOTUS to pause a lower court's order requiring a Play Store overhaul set to take effect on October 22, while the company seeks high court review (Peter Blumberg/Bloomberg)

Google asks SCOTUS to pause a lower court's order requi...

Peter Blumberg / Bloomberg: Google asks SCOTUS to pause a lower court's order re...

Meta rolls out Vibes, a platform where users can create and share short&form, AI&generated videos, in the Meta AI app and on the meta.ai website (Juby Babu/Reuters)

Meta rolls out Vibes, a platform where users can create...

Juby Babu / Reuters: Meta rolls out Vibes, a platform where users can create and...

US tariffs, Chinese competition & limited fiscal space keep EBRD economies 'under pressure'

US tariffs, Chinese competition & limited fiscal sp...

The European Bank for Reconstruction and Development (EBRD) released its latest ...

London&based "neocloud" startup Nscale raised a $1.1B Series B led by Aker, with Nvidia participating; Aker says it is investing $285M for a 9.3% stake (Bloomberg)

London&based "neocloud" startup Nscale raised a $1.1B S...

Bloomberg: London-based “neocloud” startup Nscale raised a $1.1B Series B led by...

Copenhagen&based Light, which develops AI&powered software to automate financial tasks like accounting and bookkeeping, raised a $30M Series A led by Balderton (Ryan Browne/CNBC)

Copenhagen&based Light, which develops AI&powered softw...

Ryan Browne / CNBC: Copenhagen-based Light, which develops AI-powered software t...

How a Microsoft&backed $1B geothermal&powered data center in Kenya faced construction delays due to uncertainty over its value for local businesses (Semafor)

How a Microsoft&backed $1B geothermal&powered data cent...

Semafor: How a Microsoft-backed $1B geothermal-powered data center in Kenya face...

Trump plans to sign a TikTok deal on Thursday; source: TikTok US would be run by a new joint venture company, with ByteDance holding less than 20% of its stock (NBC News)

Trump plans to sign a TikTok deal on Thursday; source: ...

NBC News: Trump plans to sign a TikTok deal on Thursday; source: TikTok US would...

Sources: Intel approached Apple about a potential investment in the chipmaker as part of its turnaround efforts and discussed how to work more closely together (Bloomberg)

Sources: Intel approached Apple about a potential inves...

Bloomberg: Sources: Intel approached Apple about a potential investment in the c...

Canadian PE firm Novacap agrees to acquire Integral Ad Science, which provides digital ad measurement and verification, in a deal valuing IAS at about $1.9B (Ryan Gould/Bloomberg)

Canadian PE firm Novacap agrees to acquire Integral Ad ...

Ryan Gould / Bloomberg: Canadian PE firm Novacap agrees to acquire Integral Ad S...

Jimmy Kimmel returns to air, but not everywhere as local ABC&affiliates opt out

Jimmy Kimmel returns to air, but not everywhere as loca...

Comedian Jimmy Kimmel returned to US airwaves on Tuesday night following his sus...

Indian digital payments giant PhonePe confidentially files for an IPO in India, seeking to raise $1.5B, sources say at a valuation of $15B (The Economic Times)

Indian digital payments giant PhonePe confidentially fi...

The Economic Times: Indian digital payments giant PhonePe confidentially files f...

Alibaba's Hong Kong&listed shares hit a nearly four&year high after CEO Eddie Wu announces plans to increase AI spending beyond the $53B target over three years (Luz Ding/Bloomberg)

Alibaba's Hong Kong&listed shares hit a nearly four&yea...

Luz Ding / Bloomberg: Alibaba's Hong Kong-listed shares hit a nearly four-year h...

A look at some uncertainties surrounding Nvidia's proposed $100B investment in OpenAI, including concerns about the agreement's circular structure (Financial Times)

A look at some uncertainties surrounding Nvidia's propo...

Financial Times: A look at some uncertainties surrounding Nvidia's proposed $100...

Micron reports Q4 revenue up 46% YoY to $11.32B, vs. $11.22B est., net income up 261% to $3.2B, data center revenue down 22%, and Q1 revenue forecast above est. (Kif Leswing/CNBC)

Micron reports Q4 revenue up 46% YoY to $11.32B, vs. $1...

Kif Leswing / CNBC: Micron reports Q4 revenue up 46% YoY to $11.32B, vs. $11.22B...

The Trump administration proposes an H&1B visa process giving more weight to applications from employers who pay higher wages if visa demand exceeds the 85K cap (Ted Hesson/Reuters)

The Trump administration proposes an H&1B visa process ...

Ted Hesson / Reuters: The Trump administration proposes an H-1B visa process giv...

Sources: Tether is in talks to raise $15B to $20B in exchange for a ~3% stake through a private placement in a deal that could value the company at ~$500B (Bloomberg)

Sources: Tether is in talks to raise $15B to $20B in ex...

Bloomberg: Sources: Tether is in talks to raise $15B to $20B in exchange for a ~...

OpenAI launches ChatGPT Go in Indonesia for ~$4.50 per month, expanding its budget&friendly ChatGPT subscription plan after debuting it in India in August (Ivan Mehta/TechCrunch)

OpenAI launches ChatGPT Go in Indonesia for ~$4.50 per ...

Ivan Mehta / TechCrunch: OpenAI launches ChatGPT Go in Indonesia for ~$4.50 per ...

Indian AI app development platform Rocket.new raised a $15M seed led by Salesforce Ventures; it has 400K+ users, including 10K+ paid subscribers (Jagmeet Singh/TechCrunch)

Indian AI app development platform Rocket.new raised a ...

Jagmeet Singh / TechCrunch: Indian AI app development platform Rocket.new raised...

Research: low productivity gains from AI may stem from employees using AI to produce "workslop", or low&effort, passable work that creates more work for others (Harvard Business Review)

Research: low productivity gains from AI may stem from ...

Harvard Business Review: Research: low productivity gains from AI may stem from ...

Meta rolls out an AI assistant for Facebook Dating in the US and Canada, to reduce "swipe fatigue" by letting users find matches via natural language prompts (Sydney Bradley/Business Insider)

Meta rolls out an AI assistant for Facebook Dating in t...

Sydney Bradley / Business Insider: Meta rolls out an AI assistant for Facebook D...

A look at CoreWeave, whose financing strategy involves using GPUs as collateral for large loans, which enabled rapid expansion but resulted in $11.2B in debt (Rashi Shrivastava/Forbes)

A look at CoreWeave, whose financing strategy involves ...

Rashi Shrivastava / Forbes: A look at CoreWeave, whose financing strategy involv...

Bakkt shares jump 40%+ after naming Mike Alfred, the crypto veteran who co&founded Digital Assets Data, to its board (RT Watson/The Block)

Bakkt shares jump 40%+ after naming Mike Alfred, the cr...

RT Watson / The Block: Bakkt shares jump 40%+ after naming Mike Alfred, the cryp...

In an interview, Brian Armstrong says Coinbase plans to become a financial super app that integrates its crypto offering with traditional banking services (CoinDesk)

In an interview, Brian Armstrong says Coinbase plans to...

CoinDesk: In an interview, Brian Armstrong says Coinbase plans to become a finan...

The European Commission considers tweaking rules to simplify users' cookie preference settings, after its 2009 rule plastered the internet with consent banners (Ellen O'Regan/Politico)

The European Commission considers tweaking rules to sim...

Ellen O'Regan / Politico: The European Commission considers tweaking rules to si...

How Seattle, transformed into a tech hub by Amazon and Microsoft's explosive growth, is grappling with the companies' layoffs affecting local economy (Wall Street Journal)

How Seattle, transformed into a tech hub by Amazon and ...

Wall Street Journal: How Seattle, transformed into a tech hub by Amazon and Micr...

UK&based startup Mantic ranked #8 in the Metaculus forecasting cup that asks entrants to predict 60 geopolitical events, the first time an AI made the top 10 (Nikita Ostrovsky/Time)

UK&based startup Mantic ranked #8 in the Metaculus fore...

Nikita Ostrovsky / Time: UK-based startup Mantic ranked #8 in the Metaculus fore...

The UK FCA has improved its crypto registration process, reducing approval times and increasing acceptance rate after criticism it was too slow and restrictive (Martin Arnold/Financial Times)

The UK FCA has improved its crypto registration process...

Martin Arnold / Financial Times: The UK FCA has improved its crypto registration...

Trump administration's $100,000 H&1B fee threatens India's $280B IT services sector, which heavily relies on H&1B visas to deploy engineers to US client sites (Bloomberg)

Trump administration's $100,000 H&1B fee threatens Indi...

Bloomberg: Trump administration's $100,000 H-1B fee threatens India's $280B IT s...

A profile of Edwin Chen, the CEO of Surge AI, a Scale A...

Phoebe Liu / Forbes: A profile of Edwin Chen, the CEO of Surge AI, a Scale AI ri...

17
18
19
20
21

Weather, 25 August

+21

High: +22^° Low: +13^°

Humidity: 74%

Wind: NE - 10 KPH

Stockholm Weather

+15

High: +16^° Low: +9^°

Humidity: 72%

Wind: SSW - 24 KPH

California Weather

+31

High: +32^° Low: +23^°

Humidity: 61%

Wind: SSE - 13 KPH

+20

High: +23^° Low: +14^°

Humidity: 58%

Wind: NNE - 17 KPH

Cape Town Weather

+17

High: +19^° Low: +12^°

Humidity: 68%

Wind: N - 16 KPH

Toronto Weather

+30

High: +32^° Low: +24^°

Humidity: 61%

Wind: WSW - 25 KPH

+11

High: +15^° Low: +9^°

Humidity: 71%

Wind: WSW - 19 KPH

Karachi Weather

+30

High: +30^° Low: +26^°

Humidity: 67%

Wind: W - 40 KPH