Tech
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YouTube Starts Testing AI-Powered Age Verification System for Restricted Videos
This new system will use artificial intelligence to differentiate between adults and minors
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AI Startup Perplexity Bids $34.5 Billion to Acquire Google Chrome
The offer comes as a federal judge considers forcing the tech giant to sell the web browser after its antitrust violations
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Trump Says Intel CEO ‘Must Resign, Immediately’ Over Alleged China Ties
The president’s message about Lip-Bu Tan echoes Senate Intelligence chairman Tom Cotton’s letter to Intel chairman Frank Yeary earlier this week
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Apple to Invest Additional $100 Billion in US Production
The tech giant will now be investing $600 billion in U.S. manufacturing over the next four years
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Amazon Surges to $168 Billion in 2nd Quarter Sales as CEO Andy Jassy Says AI ‘Will Change Every Customer Experience’
The tech giant reports ad sales increased 23% from last year as its web services business also made significant gains
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Veteran VC Eric Hippeau on What He’s Looking for in AI and Creator Startups
The Lerer Hippeau co-founder and managing partner reflects on 25 years as a venture capitalist and details how having media experience gives early-stage investors an edge
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Tech
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Meta Stock Jumps 13% to All-Time High as Zuckerberg Touts AI Ambitions
The parent company of Facebook and Instagram has seen its share price blitz from $90 to $784 in the last three years
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Meta Smashes Wall Street Expectations With $47 Billion in 2nd Quarter Revenue
The parent company of Facebook and Instagram says 3.48 billion people now use at least one of its apps on a daily basis
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TikTok Becomes Latest Platform to Add Community Notes-Style Feature
“Footnotes” launches in the U.S. as a way for TikTok users to give more context to potentially false or misleading videos
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Could AI Kill Off Hollywood’s Talent Pipeline?
Many top-tier directors and producers came into the business by doing the grunt work that AI may soon handle
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AI
Available to WrapPRO members
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Spotify Surges Past 276 Million Paying Customers, Misses on Second Quarter Sales Estimates
The streaming giant’s stock price in early trading took a hit after falling short of Wall Street’s projections
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Tech
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Sony Sues Tencent for Copyright Infringement, Slams ‘Light of Motiram’ as ‘Slavish Clone’ of PlayStation’s ‘Horizon’
The company claims the China-based developer’s adventure video game is positioned to deliberately confuse buyers into thinking the two franchises are related
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TikTok Will ‘Go Dark’ Soon if China Does Not Strike Deal, Commerce Secretary Says
Howard Lutnick says TikTok’s algorithm must be sold for the popular app to remain active past Sept. 17
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Trump Says It Is ‘Not Do-able’ for AI Companies to Pay for All Copyrighted Content Used in Training Models
“You just can’t do it. China’s not doing it,” the president notes
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YouTube Ad Revenue Up 13% Year-Over-Year in 2nd Quarter of 2025, Hitting $9.8 Billion
Net income for Alphabet was also up 19% owing to Google Search, YouTube ads and subscriptions
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