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Source: Alibaba's supermarket chain Hema plans to gradually wind down the last of its Costco-like members-only stores in China in a bid to improve profitability (www.bloomberg.com)
2025-8-7 China Alibaba

Sources: Intel's 18A process yield has remained low, with only ~5% of its Panther Lake chips meeting its specifications in late 2024 and ~10% by summer 2025 (www.reuters.com)
2025-8-7 Intel

ElevenLabs launches Eleven Music, letting individuals and businesses use its AI model to generate music cleared for commercial use via English-language prompts (www.wsj.com)
2025-8-7 AI

NYC-based sales automation startup Clay raised $100M led by CapitalG at a $3.1B valuation, up from $1.25B in January 2025, and expects $100M in revenue in 2025 (www.nytimes.com)
2025-8-7 Startup

The US General Services Administration approves OpenAI, Google, and Anthropic for AI contracts with civilian federal agencies via its Multiple Award Schedule (www.bloomberg.com)
2025-8-7 Google AI

President Trump says that he plans to announce new tariffs “on semiconductors and chips” as soon as next week “because we want them made in the United States” (www.cnbc.com)
2025-8-7 Trump

Patreon CEO Jack Conte says the platform paid out $10B+ to creators since its 2013 founding, creators now get $2B+ annually, and there are 25M+ paid memberships (www.axios.com)
2025-8-7

Roku launches Howdy, an ad-free streaming service for $2.99 per month, initially only on Roku devices, with content from Lionsgate, WBD, FilmRise, and others (www.usatoday.com)
2025-8-7

Cisco Talos finds a flaw in the Broadcom BCM5820X chip used in Dell's ControlVault security firmware, affecting 100+ laptop models; Dell issued patches in 2025 (www.reuters.com)
2025-8-7 Cisco

Google DeepMind releases its Genie 3 model, which can generate 3D worlds from a prompt and has enough visual memory for a few minutes of continuous interaction (www.theverge.com)
2025-8-7 Google

US DOT Secretary Sean Duffy proposes a rule change to let more commercial drones fly beyond an operator's line of sight, a boon for Walmart and Alphabet's Wing (www.bloomberg.com)
2025-8-7 Drone Alphabet Walmart

Anthropic releases Claude Opus 4.1 to paid Claude users, in Claude Code, its API, Amazon Bedrock, and Google Cloud's Vertex AI, with the same pricing as Opus 4 (www.anthropic.com)
2025-8-7 Google Amazon AI

WhatsApp will now show users a “safety overview” when a user not in their contacts adds them to a group, with key info and safety tips to help counter scams (www.theverge.com)
2025-8-7 WhatsApp

Anthropic's Mike Krieger: Opus 4.1 is better at coding, agentic tasks, and more, and Anthropic was previously too focused on only shipping “really big upgrades” (www.bloomberg.com)
2025-8-7

Florida sues some of the biggest porn platforms, several owned by companies outside the US, accusing them of not complying with the state's age verification law (www.404media.co)
2025-8-7

The Gemini mobile app now lets users create “personalized, illustrated storybooks complete with read-aloud narration” that can incorporate uploaded photos (9to5google.com)
2025-8-7 Mobile

Newsletter service Ghost says its publishers have earned $100M+, its annual revenue is $8.5M+, adds ActivityPub support, and is upping new member pricing (www.niemanlab.org)
2025-8-7

Coinbase adds Embedded Wallets to its Wallet SDK, letting developers integrate wallets into their apps with a few lines of code, with onramps and swaps support (www.theblock.co)
2025-8-7 Coinbase

Snap reports Q2 revenue up 9% YoY to $1.34B, vs. $1.35B est., 469M global DAUs, vs. 467M est., and a global ARPU of $2.87, vs. $2.90 est.; SNAP drops 15%+ (www.cnbc.com)
2025-8-7

Filing: in its ChatGPT lawsuit, the NYT asked OpenAI to produce 120M user chats to analyze how often ChatGPT regurgitates its articles, after OpenAI offered 20M (arstechnica.com)
2025-8-7

Match reports Q2 revenue flat YoY at $864M, net earnings down 6% YoY to $125.5M, invests $50M in product, and provides a Q3 forecast above est.; MTCH jumps 10%+ (www.bloomberg.com)
2025-8-7

AMD reports Q2 revenue up 32% YoY to $7.69B, vs. $7.43B est., net income down 31% YoY to $781M, and diluted EPS of $0.48, vs. $0.49 est.; AMD drops 5%+ (www.bloomberg.com)
2025-8-7 AMD

Super Micro reports Q4 revenue up 7.5% YoY to $5.76B, vs. $6.01B est., and lowers its fiscal 2026-year sales forecast from $40B to $33B+; SMCI drops 18%+ (www.bloomberg.com)
2025-8-7 4Q

Alibaba releases Qwen-Image, an open-source AI image generation model focused on accurately rendering text, with support for alphabetic and logographic scripts (venturebeat.com)
2025-8-7 Alibaba AI

The US DOJ says two Chinese nationals were arrested in California and charged with illegally shipping AI chips, like Nvidia H100s, to China from 2022 to 2025 (www.reuters.com)
2025-8-7 China AI Nvidia California

Wikipedia editors adopt a policy giving administrators the authority to quickly delete AI-generated articles that meet certain criteria, like wrong citations (www.404media.co)
2025-8-7 AI

Linda Yaccarino is named CEO of digital health platform eMed Population Health, less than a month after she stepped down as CEO of X (www.reuters.com)
2025-8-7

Sources: AI video startup Runway is in talks to raise ~$500M at a $5B+ pre-money valuation; rival Luma AI aims to raise $1.1B+ at a $3.2B+ pre-money valuation (www.theinformation.com)
2025-8-7 Startup AI

Sources: OpenAI is in early talks to hold a secondary share sale for current and former staffers at a ~$500B valuation; OpenAI was valued at $300B in March 2025 (www.bloomberg.com)
2025-8-7

The Trump administration warns states that they risk losing access to grants from a $42.45B broadband deployment fund if they cap prices on low-cost ISP plans (arstechnica.com)
2025-8-7 Trump

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