Sources: JPMorgan Chase terminated its banking relationship with Polymarket in 2025 over regulatory concerns, though it still maintains some ties to the company — Largest US bank has continued to cultivate ties with prediction platform as it seeks $20bn valuation
Meta says it removed 750,000+ Australian accounts believed to belong to under-16s to comply with the social media ban, including 462,000 Instagram accounts — Meta Platforms Inc. says it has removed access to more than 750,000 Instagram and Facebook accounts in Australia believed to belong …
Tencent reports Q2 revenue up 11% YoY to ~$30.4B, above ~$30B est., and net income of ~$8.3B, driven by surging WeChat advertising and resilient game spending — Tencent Holdings Ltd.'s revenue grew a faster-than-projected 11%, keeping up the steady pace of expansion it needs to finance …
How India's IT services sector, which employs 6M people, contributes ~7% of GDP, and generates $300B+ annually, is shedding jobs as AI automates formulaic work — It was around 1.30am by the time Rakesh, a 45-year-old Oracle employee in the Indian technology hub of Bengaluru …
A look at London-based AI startup Cosine, which is building a frontier model with UK government backing, as some question if it has the talent and resources — Britain's bid to build a “sovereign” AI model rests with a London start-up of about 30 employees that has raised just $15mn.
Sources: the UK FCA is consulting industry participants, including major banks, on a regulatory framework for tokenized gold; London dominates the global market — FCA is seeking to encourage digitisation of financial markets — UK regulators are preparing a framework for tokenised gold …
A look at Chinese state-owned investment bank CICC, which sponsored multibillion-dollar listings of China's tech champions, including CXMT and Zhongji Innolight — CICC has become a dominant financier in Beijing's drive to compete with US in tech race — China's top investment bank …
As PC makers start using CXMT RAM chips, Apple is testing them too, but it needs a custom version for its devices, and US rules block Apple from sharing designs — Maker of iPhones talks to China's CXMT, but any deal would be politically sensitive — Apple has been testing memory chips …
In-depth look at OpenAI's model training, dangerous decisions, and cluelessness before the HuggingFace hack; despite delaying Astra, OpenAI still doesn't get it — Today I am taking the time to write the shorter, simpler version of What Happened. — For those who want all the details …
A look back at “Move 37”, a watershed AI moment from AlphaGo's 2016 Go victory, as math witnesses similar breakthroughs where AI makes surprising discoveries — A decade ago, a computer did something that no human would have done. It was considered a breakthrough for AI.
A profile of Russia's A7, a payment network that helps Russia bypass Western sanctions, handling ~20% of payments in Russian foreign trade, or $100B+ annually — A7 says it handles nearly 20% of payments in Russian foreign trade, or more than $100 billion annually
Amazon is backing a 7.65 GW gas plant for an off-grid TX AI data center, potentially the largest single US emissions source, at odds with its 2040 net-zero goal — The tech giant is investing in the natural-gas-burning power plant as part of a huge data center in Texas, even as it pledges to honor climate commitments.
South Korea's AI-driven chip industry boom is reordering the country's society, changing expectations around fairness, careers, and even culture and dating — Factory workers with $400,000-plus bonuses are supplanting doctors and lawyers as the new elite, while investors play a casino-like stock market.
How Amazon and Gilroy, California, quietly negotiated a $2B data center project that AWS applied to build in 2020, without any public meetings or votes — Company and Gilroy, Calif., spent years quietly negotiating $2 billion project that few residents knew about until work began
Analysis: Google DeepMind has lost frontier-model momentum amid leadership and RL talent departures, with Google Cloud emerging as a winner with more compute — GCP YoY rev growth >100%, DeepMind's long term failure is Google Cloud's short term gain — On Wednesday, August 5th …
Financial Times : Sources: JPMorgan Chase terminated its banking relationship with Polymarket in 2025 over regulatory concerns, though it...
