Technology

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...

Hang Seng Tech Index, which tracks the top 30 Hong Kong&listed tech stocks, is up 41% YTD vs. Nasdaq's 17%, driven by China's AI and chip self&sufficiency push (William Sandlund/Financial Times)

Hang Seng Tech Index, which tracks the top 30 Hong Kong...

William Sandlund / Financial Times: Hang Seng Tech Index, which tracks the top 3...

Amazon expands Multichannel Fulfillment to let Walmart sellers use Amazon's logistics network to deliver orders and announces support for Shein by year&end (Todd Bishop/GeekWire)

Amazon expands Multichannel Fulfillment to let Walmart ...

Todd Bishop / GeekWire: Amazon expands Multichannel Fulfillment to let Walmart s...

A profile of Anthropic CEO Dario Amodei, a critic of Tr...

Wall Street Journal: A profile of Anthropic CEO Dario Amodei, a critic of Trump ...

Karoline Leavitt confirms Oracle will handle TikTok's data and security, and says the US is "100% confident" a deal is done and it "just needs to be signed" (Ben Berkowitz/Axios)

Karoline Leavitt confirms Oracle will handle TikTok's d...

Ben Berkowitz / Axios: Karoline Leavitt confirms Oracle will handle TikTok's dat...

White House says the $100K H&1B fee will not apply to renewals or existing H&1B holders re&entering the US, only to future applicants in the February lottery (Ben Berkowitz/Axios)

White House says the $100K H&1B fee will not apply to r...

Ben Berkowitz / Axios: White House says the $100K H-1B fee will not apply to ren...

Nvidia and Intel sidestepping questions about manufacturing in their new deal only reinforces that Intel's best path forward is to spin off its foundry business (Asa Fitch/Wall Street Journal)

Nvidia and Intel sidestepping questions about manufactu...

Asa Fitch / Wall Street Journal: Nvidia and Intel sidestepping questions about m...

Similarweb: TikTok had 183M US MAUs on iOS and Android ...

Rani Molla / Sherwood News: Similarweb: TikTok had 183M US MAUs on iOS and Andro...

China's market regulator opens a probe into Chengdu Kuaigou, a Kuaishou unit involved in livestream shopping, for suspected violations of e&commerce rules (Olivia Tam/Bloomberg)

China's market regulator opens a probe into Chengdu Kua...

Olivia Tam / Bloomberg: China's market regulator opens a probe into Chengdu Kuai...

Meta CTO says the technical issues during live demos of its new smart glasses were due to a self&inflicted DDoS and a bug that put Zuckerberg's glasses to sleep (Jess Weatherbed/The Verge)

Meta CTO says the technical issues during live demos of...

Jess Weatherbed / The Verge: Meta CTO says the technical issues during live demo...

Sources: xAI has raised $10B at a post&money valuation of $200B, weeks after reportedly raising $10B in debt and equity at a ~$150B valuation (Kif Leswing/CNBC)

Sources: xAI has raised $10B at a post&money valuation ...

Kif Leswing / CNBC: Sources: xAI has raised $10B at a post-money valuation of $2...

Sources: Apple told at least two suppliers to boost their daily output of entry&level iPhone 17 by at least 30%, after strong pre&orders last weekend (The Information)

Sources: Apple told at least two suppliers to boost the...

The Information: Sources: Apple told at least two suppliers to boost their daily...

Canadian law enforcement seizes $40.5M in digital assets after shutting down TradeOgre crypto exchange, making it the largest Canadian crypto seizure to date. (Mat Di Salvo/Decrypt)

Canadian law enforcement seizes $40.5M in digital asset...

Mat Di Salvo / Decrypt: Canadian law enforcement seizes $40.5M in digital assets...

How Apple tests Bluetooth, Wi&Fi, 5G, and satellite connectivity on the Apple Watch, including using a Global Navigation Satellite System simulation room (Vanessa Hand Orellana/CNET)

How Apple tests Bluetooth, Wi&Fi, 5G, and satellite con...

Vanessa Hand Orellana / CNET: How Apple tests Bluetooth, Wi-Fi, 5G, and satellit...

China says Xiaomi will issue a software update for 115K+ SU7 EVs to fix assisted driving safety issues, its second recall&related fix since the 2024 launch (Reuters)

China says Xiaomi will issue a software update for 115K...

Reuters: China says Xiaomi will issue a software update for 115K+ SU7 EVs to fix...

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Weather, 25 August

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