Dwayne
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A US district court judge temporarily blocks an FTC probe into Media Matters, part of an antitrust investigation into ad boycotts, calling the probe retaliatory (Bloomberg)
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Roblox shares closed down 6.34% on Friday after the company was accused in two lawsuits of failing to sufficiently protect youngsters on its platform (Cecilia D'Anastasio/Bloomberg)
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Winklevoss twins' Gemini files for a US IPO and reports a $282.5M net loss on $67.9M revenue in H1 2025, vs. a $41.4M net loss on $73.5M revenue a year earlier (Monique Mulima/Bloomberg)
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Sources: Meta plans its fourth AI restructuring in six months, dividing its superintelligence lab into TBD Lab, a product team, an infrastructure team, and FAIR (Kalley Huang/The Information)
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Some developers say GPT-5 excels at technical reasoning and planning coding tasks and is cost-effective, but Claude Opus and Sonnet still produce better code (Lauren Goode/Wired)
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CoreWeave investors sold more than $1B in shares as the IPO lockup ended; the stock held steady on Friday after dropping about 35% over the previous two days (Financial Times)
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The Federal Reserve continues its relaxation of crypto oversight by ending a program created in 2023 to scrutinize fintech and crypto activities by banks (Jesse Hamilton/CoinDesk)
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Senator Josh Hawley says he will investigate Meta after a report on its AI policy allowing sensual chats with kids, tells Meta to produce docs by September 19 (Jonathan Vanian/CNBC)
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Researchers say they used generative AI algorithms to design novel antibiotics targeting drug-resistant Neisseria gonorrhoeae and MRSA (Anne Trafton/MIT News)
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Anthropic updates Claude usage policy, adding stricter cybersecurity rules and explicitly banning the development of WMDs, and loosens political content rules (Emma Roth/The Verge)
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Appfigures: ChatGPT's app for iOS and Android hit $2B in global consumer spending, including $1.35B so far in 2025, up 673% YoY; Grok made ~$25.6M this year (Sarah Perez/TechCrunch)
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Mike Novogratz's Galaxy says it has secured $1.4B in debt financing to expand its Helios data center in West Texas, aiming to boost AI and HPC capabilities (CoinDesk)
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Opendoor CEO Carrie Wheeler steps down, with Shrisha Radhakrishna named president and interim CEO; OPEN closed up 4.28% (Norah Mulinda/Bloomberg)
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Sam Altman says OpenAI "totally screwed up some things" on the GPT-5 rollout and confirms plans to fund a brain-computer interface startup to rival Neuralink (Alex Heath/The Verge)
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CoreWeave's IPO lockup expires, letting holders of 80%+ of its Class A shares sell; its stock fell 33% in the two days after its Q2 earnings amid selloff fears (Carmen Reinicke/Bloomberg)
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Klarna reports Q2 revenue up 25% YoY to $823M and net loss up 194% YoY to $53M, as it prepares for a second attempt at a US IPO, after pausing plans in April (Akila Quinio/Financial Times)
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Sources: some investors seek to replace N26's co-CEOs after German financial regulator Bafin identified new deficiencies in the digital bank's internal controls (Bloomberg)
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SoftBank-owned PayPay files for a US listing; sources: PayPay aims to raise $2B+ at a $10B+ valuation, and the listing could happen by the end of the year (David Keohane/Financial Times)
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Meta's standalone Meta AI app, launched in April 2025, offers an uneven experience, hallucinating and not personalizing replies despite access to Meta accounts (Bloomberg)
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An interview with Sam Altman on spending billions on AI infrastructure, wanting Chrome if it's really for sale, AI models saturating the chat use case, and more (Ina Fried/Axios)
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