Fintech
1. US crypto executives to throw Washington fundraiser for Harris
Cryptocurrency investors and industry executives calling on Vice President Kamala Harris to pursue a softer regulatory stance on the industry are planning to raise at least $100,000 for the Democratic nominee at a Sept. 13 Washington fundraiser. (Reuters)
IT infrastructure
2. CrowdStrike exec to testify before Congress on IT outage
A senior executive at cybersecurity firm CrowdStrike will testify before a U.S. House of Representatives subcommittee on Sept. 24 on the company’s faulty software update that caused a global IT outage. (Reuters)
3. Intel rises as report of chipmaker exploring options cheers glum investors
Intel’s shares rose more than 3% before the bell on Friday, as a report of the struggling chipmaker exploring options that could include a merger or a split induced some investor enthusiasm after one of the stock’s worst slumps in decades. (MSN)
4. China’s cabinet passes draft regulations on data security management
China’s cabinet has passed draft regulations on data security management, state media said on Friday. (Reuters)
Tech trends
5. Exclusive: Intel CEO to pitch board on plans to shed assets, cut costs, source says
Intel CEO Pat Gelsinger and key executives are expected to present a plan later this month to the company’s board of directors to slice off unnecessary businesses and revamp capital spending, according to a source familiar with the matter, as they try to revive the once-dominant chipmaker’s fortunes. (Yahoo Finance)
6. Uber CEO says growth in South Korea promising despite underdog status
Uber Technologies Inc’s CEO on Friday expressed commitment to the South Korean market, where it is an underdog to local tech group Kakao and said the platform will attract more taxi drivers for growth. (Reuters)
7. Elon Musk, Tesla win dismissal of lawsuit claiming they rigged dogecoin
Elon Musk and his electric vehicle company Tesla won the dismissal of a federal lawsuit accusing them of defrauding investors by hyping the cryptocurrency dogecoin and conducting insider trading, causing billions of dollars of losses. (Reuters)
8. Google to open second data centre in Latin America, to invest over $850 mln
Alphabet’s Google said on Thursday it will open its second data centre in Latin America in the Uruguayan city of Canelones and invest more than $850 million in it. (US news)
AI
9. Dell shares rise as AI server demand boosts results, forecasts
Shares of Dell Technologies rose 4% on Friday, after robust demand for its artificial intelligence-powered servers prompted the company to raise its full-year earnings and revenue forecasts. (US news)
10. Apple, Nvidia in talks to join OpenAI funding round, media reports say
Apple and chip giant Nvidia are reportedly in talks to invest in OpenAI as part of a new fundraising round that could value the ChatGPT maker above $100 billion, according to media reports on Thursday. (Reuters)
11. Ask Claude: Amazon turns to Anthropic’s AI for Alexa revamp
When Amazon releases its revamped AI Alexa update in October, it’ll be powered by Anthropic’s Claude AI models due to performance issues with its in-house AI. (Slashdot)
12. Japan’s military to spend on AI, automation, perks to combat recruitment crisis
The Self Defense Forces (SDF) fell short in its latest recruitment drive, enrolling just under half of its target personnel due to Japan’s declining birth rate. (Kehaama)
AR/VR
13. California issues draft regulations for operating autonomous trucks
The California Department of Motor Vehicles on Friday issued draft regulations on the operation of autonomous vehicles on highways, paving the way for self-driving trucks to commence long-haul deliveries. (Reuters)
