Reuters: Amazon says it's investing $1B+ to raise pay for US fulfillment and transportation staff, increasing the average total compensation to $30+/hour with benefits — Amazon.com (AMZN.O) said on Wednesday it is investing more than $1 billion to raise pay and lower healthcare costs for U.S. fulfillment …
Reuters: Sources: Nvidia's China-only RTX 6000D receives lukewarm demand, with some seeing it as expensive given its performance lags the RTX 5090 — - RTX6000D not cost-effective; better card can be found on grey market, sources say — Tech firms awaiting clarity on H20 orders, potential B30A chip, sources say
Reuters: Malaysia reins in data center expansion amid power and water shortages, hindering Chinese companies that use the region as a backdoor to access US-made AI chips — - Data centre hotbed Malaysia clamping down on capacity expansion — Policy change likely to affect Chinese firms' access to AI chips
Arasu Kannagi Basil / Reuters: Lendbuzz, which uses AI to underwrite auto loans, files for a US IPO and reports H1 2025 revenue up 38% YoY to $172.9M and net income up 98.2% YoY to $11.1M — Lendbuzz's revenue surged 38% in the first half of 2025, the auto loans platform revealed in its U.S. initial public offering paperwork on Friday …
Ben Blanchard / Reuters: At the Semicon trade show in Taipei, Taiwan promotes diplomatic relations and pitches its tech manufacturing to “create trusted non-red supply chains” — - Taiwan hosting annual Semicon trade fair for the chip industry — Taiwan looking to leverage its chip dominance in diplomatic sphere
Echo Wang / Reuters: Sources: Nasdaq agrees to buy $50M in shares of the Winklevoss twins' Gemini crypto exchange in a private placement at the time of Gemini's IPO this week — Gemini Space Station, the cryptocurrency exchange founded by Cameron and Tyler Winklevoss, has secured Nasdaq as a strategic investor …
Ariba Shahid / Reuters: Amnesty: Pakistan is spying on millions via phone tapping and a Chinese-built internet firewall, in one of the broadest surveillance programs outside China — Pakistan is spying on millions of its citizens using a phone-tapping system and a Chinese-built internet firewall that censors social media …
Anirban Sen / Reuters: Filing: Nasdaq asks the SEC to let investors trade tokenized securities on its exchange, and could roll out the first token-settled trades by the end of Q3 2026 — Nasdaq (NDAQ.O) is working with U.S. regulators to introduce trading of tokenized securities, becoming the latest major financial player …
Reuters: Ticketing platform StubHub plans to sell ~34M shares at $22 to $25 in its IPO, valuing it at up to $9.2B and raising up to $851M, after delaying an IPO in April — Madron Partners-backed StubHub is targeting a valuation of up to $9.2 billion in its U.S. initial public offering …
Reuters: Cloud cybersecurity software startup Netskope plans to sell 47.8M shares at $15 to $17 each in its Nasdaq IPO, valuing it at up to $6.5B and raising up to $813M — Netskope is seeking a valuation of up to $6.5 billion in its initial public offering in the United States …
Reuters: Russia publishes a list of locally developed apps it says will function during mobile internet shutdowns, excluding foreign services like WhatsApp and YouTube — Russia published a list of locally developed social media, ride-hailing and other apps that it said would keep working during …
Supantha Mukherjee / Reuters: TikTok says it now has more than 200M MAUs in Europe, up from 175M in 2024, the latest sign of its rapid growth among teenagers — TikTok has more than 200 million monthly users in Europe, or roughly one in three citizens on the continent, the short video app platform said on Friday …
Reuters: German Chancellor Friedrich Merz inaugurates the Jupiter supercomputer, powered by Nvidia chips, the world's fourth-fastest and Europe's first exascale system — German Chancellor Friedrich Merz inaugurated a supercomputer powered by Nvidia (NVDA.O) chips on Friday that is the world's fourth-fastest …
Juby Babu / Reuters: Cadence Design to acquire Hexagon's Stockholm-based design and engineering unit, a computer-aided engineering software provider, for €2.7B in cash and stock — Cadence Design (CDNS.O) said on Thursday it will buy the design and engineering business of Stockholm-based Hexagon AB …
Zaheer Kachwala / Reuters: Nvidia opposes the GAIN AI Act, saying the proposed US law forcing AI chipmakers to sell to US buyers first is “just another variation of the AI Diffusion Rule” — Nvidia (NVDA.O) said on Friday the AI GAIN Act would restrict global competition for advanced chips …
Reuters: Sources: chip design workers at ByteDance, many based in Beijing or Shanghai, unexpectedly discovered last week that they are part of a Singapore unit — Chip design workers at Chinese tech giant ByteDance, many based in Beijing or Shanghai, unexpectedly found out last week that they are part …
Reuters: Research and 25 experts, victims, and execs: North Korean hackers are saturating the crypto industry with credible-seeming job offers in a bid to steal crypto — North Korean hackers are saturating the cryptocurrency industry with credible-sounding job offers as part of their campaign to steal digital cash …
Reuters: Sources: Alibaba, ByteDance, and other Chinese tech companies remain keen on Nvidia's AI chips despite Beijing strongly discouraging them from such purchases — Alibaba (9988.HK), ByteDance and other Chinese tech firms remain keen on Nvidia's (NVDA.O) artificial intelligence chips despite regulators …
Aditya Soni / Reuters: HappyRobot, which uses AI to automate freight operator communications, raised a $44M Series B led by Base10 Partners, a source says at a ~$500M valuation — HappyRobot, an artificial intelligence startup that automates communications including rate negotiation and appointment booking for freight operators …
Greg Bensinger / Reuters: Internal data: Amazon registered 5.4M US Prime sign-ups over the 21-day run-up to Prime Day and the four-day event, ~116K less than 2024 and 106K below its goal — Amazon (AMZN.O) doubled its Prime Day discount sales to four days this year and touted blowout numbers days after the event.
Aditya Kalra / Reuters: Source: Indian fantasy sports startup Mobile Premier League plans to lay off ~60% of its local workforce, after the government banned online real-money games — Indian online gaming app Mobile Premier League (MPL) will sack about 60% of its local workforce as part of a major downsizing …
Stefanno Sulaiman / Reuters: TikTok suspends its live feature for the “next few days” in Indonesia, citing “increasing violence in protests” over lawmakers' pay — ByteDance's TikTok has suspended its live feature for the “next few days” in Indonesia following protests in the country, its spokesperson said in a statement on Saturday.
Jeff Horwitz / Reuters: Meta created and let users create flirty chatbots and intimate images using the names and likenesses of Taylor Swift and other celebs without their permission — Meta has appropriated the names and likenesses of celebrities - including Taylor Swift, Scarlett Johansson, Anne Hathaway and Selena Gomez …
Karen Freifeld / Reuters: The US makes it harder for Samsung, SK Hynix, and Intel to produce chips in China by revoking waivers for the use of US equipment in their Chinese operations — The U.S. will make it more difficult for global chipmakers Samsung (005930.KS), SK Hynix (000660.KS) and Intel (INTC.O) …
Chandini Monnappa / Reuters: India's largest telco Reliance Jio, owned by Asia's richest man Mukesh Ambani, says it aims to list its shares through an IPO in India by the first half of 2026 — Telecom and digital giant Reliance Jio Platforms will file for an initial public offering in the first half of 2026 …
Reuters: Didi reports Q2 revenue up 10.9% YoY to ~$7.8B, overseas revenue up 28% YoY, and a ~$350M net loss, driven by a one-off ~$740M charge in a shareholder lawsuit — Chinese ride-hailing giant Didi Global reported on Thursday a second-quarter net loss of 2.5 billion yuan ($350 million) …
Shubham Kalia / Reuters: Court filing: Elon Musk's lawyers ask a US judge to block OpenAI from obtaining documents from Meta related to a previous $97.4B bid for OpenAI's assets — Lawyers for Elon Musk have asked a U.S. judge to block ChatGPT-owner OpenAI from obtaining documents from Meta Platforms (META.O) …
Reuters: Sources: Klarna seeks a $13B to $14B valuation in its IPO next month, selling shares for $34-$36 as early as this week; Klarna sought a ~$50B valuation in 2021 — Swedish fintech Klarna will restart its plan to go public in the United States next month with a valuation of between $13 billion …
Mike Scarcella / Reuters: Court filing: Tesla rejected a $60M settlement offer in a lawsuit over a fatal 2019 crash of a Model S with Autopilot, before a jury awarded a $243M verdict — Billionaire Elon Musk's electric vehicle company Tesla (TSLA.O) rejected a $60 million settlement proposal in a lawsuit …
Reuters: PDD Holdings, which owns Pinduoduo and Temu, reports Q2 revenue up 7% YoY to ~$14.53B, above est., and net income down 5% YoY to ~$4.5B, driven by discounts — E-commerce firm PDD Holdings (PDD.O), which operates low-cost platforms Pinduoduo in China and Temu internationally …
Krystal Hu / Reuters: Databricks plans to acquire Tecton, which helps companies build and deploy ML applications, for an undisclosed sum; Tecton was valued at $900M in 2022 — Databricks will acquire machine learning startup Tecton to expand its AI agent offerings, the latest in a string of deals aimed …
Munsif Vengattil / Reuters: OpenAI sets up a legal entity and plans to open its first office in India after launching ChatGPT Go, its cheapest plan, in the country on August 19 — ChatGPT parent OpenAI will open its first India office in New Delhi later this year, deepening its push in its second-largest market by user numbers.
Reuters: Sources: the Trump admin plans to reallocate $2B+ from CHIPS Act to fund critical minerals projects, aiming to cut US reliance on China for key resources — The Trump administration is considering a plan to reallocate at least $2 billion from the CHIPS Act to fund critical minerals projects …
Anna Tong / Reuters: OpenAI says its Chief People Officer Julia Villagra will leave on August 22; Villagra joined in February 2024 and was promoted to the role in March 2024 — OpenAI's chief people officer, Julia Villagra, is leaving the company on Friday, the company confirmed to Reuters.
Greg Bensinger / Reuters: Sources: Amazon plans a major revamp of its Fire tablets and is set to release a higher-end Android tablet as soon as 2026, a first after using forked Android — Amazon (AMZN.O) is plotting a big change to its Fire tablet lineup following years of escalating gripes from consumers …
Reuters: Sources: China is considering allowing yuan-backed stablecoins to boost global yuan adoption; the State Council may approve a roadmap later in August — China is considering allowing the usage of yuan-backed stablecoins for the first time to boost wider adoption of its currency globally …
Deborah Sophia / Reuters: Baidu reports Q2 revenue down 4% YoY to ~$4.6B, slightly below est., and online ad revenue down 15% YoY to ~$2.3B, as China's ad market remains weak — Chinese search engine giant Baidu's (9888.HK), quarterly revenue fell and was just shy of market estimates on Wednesday …
Reuters: A survey of 4,446 US adults on AI: 71% are concerned AI will permanently displace large numbers of workers, 61% worry about electricity consumption, and more — Americans are deeply concerned over the prospect that advances in artificial intelligence could put swaths of the country out of work permanently …
Reuters: Sources: Nvidia is developing a new Blackwell-based AI chip for China, tentatively known as the B30A, that will be more powerful than its H20 model for China — Nvidia (NVDA.O) is developing a new AI chip for China based on its latest Blackwell architecture that will be more powerful …
Kashish Tandon / Reuters: OpenAI launches ChatGPT Go, a new India-only plan priced at Rs. 399, or ~$4.57, per month, its most affordable yet, to grow users in its second-largest market — ChatGPT maker OpenAI on Tuesday launched ChatGPT Go, a new India-only subscription plan priced at 399 rupees ($4.57) per month …
Kanishka Singh / Reuters: US Director of National Intelligence Tulsi Gabbard says the UK has dropped its mandate requiring Apple to provide a backdoor for accessing users' encrypted data — U.S. Director of National Intelligence Tulsi Gabbard said on Monday the UK had agreed to drop its mandate for iPhone maker Apple …
Jody Godoy / Reuters: The US FTC sues Key Investment Group, operator of sites like TotalTickets.com, for skirting ticket limits to buy up and resell live event tickets at a markup — The U.S. Federal Trade Commission sued ticket reseller Key Investment Group for evading purchasing limits to buy up thousands …
Himanshi Akhand / Reuters: Australia's ACCC says Google agreed to pay a AU$55M fine over deals with Telstra and Optus to preinstall only Google Search on Android phones from 2019 to 2021 — Australia's competition regulator said on Monday it has begun proceedings against Alphabet's Google (GOOGL.O) …
Reuters: The World Humanoid Robot Games kicked off in Beijing on August 15, with robots across 280 teams from 16 countries competing in track and field and other sports — China kicked off the three-day long World Humanoid Robot Games on Friday, looking to showcase its advances in artificial intelligence …
Helen Reid / Reuters: Filing: Shein reports 2024 UK sales up 32.3% YoY to £2.05B, making the UK its third largest market after the US and Germany, as it works toward a Hong Kong IPO — Shein's British business made 2.05 billion pounds ($2.77 billion) in sales in 2024, a 32.3% increase from the previous year …
Jody Godoy / Reuters: Sen. Josh Hawley calls for a congressional probe into Meta after a report on its AI policy allowing sensual chats with kids; Sen. Marsha Blackburn backs a probe — Two Republican U.S. senators called for a congressional investigation into Meta Platforms (META.O) on Thursday …
Jeff Horwitz / Reuters: An internal Meta doc shows its chatbots were allowed to engage in provocative conversations; Meta removed some examples, including romantic roleplay with kids — An internal Meta policy document, seen by Reuters, reveals the social-media giant's rules for chatbots, which have permitted provocative behavior …
Reuters: Sources: the US secretly embedded location trackers in select AI chip shipments, such as in Dell and Super Micro servers, to detect illegal diversions to China — U.S. authorities have secretly placed location tracking devices in targeted shipments of advanced chips they see as being at high risk …
Reuters: Tencent reports Q2 revenue up 15% YoY to ~$25.7B, vs. ~$24.8B est., gaming revenue up 17% YoY to ~$5.6B, global revenue up 35% YoY to ~$2.6B, a $7.7B net profit — Tencent (0700.HK) reported second-quarter revenue growth of 15% on Wednesday, driven by robust gaming performance and AI-powered business expansion.
Surbhi Misra / Reuters: Elon Musk says that Apple “makes it impossible for any AI company besides OpenAI” to top its App Store, an “antitrust violation”, and xAI will take legal action — Billionaire Elon Musk said on Monday his artificial intelligence startup xAI would take legal action against Apple …