Nvidia's CEO Jensen Huang displayed the new Blackwell GPU chip during the Nvidia GPU Technology Conference in San Jose, California. The company's stock fell nearly 8% along with other semiconductor stocks, including Intel, Marvell, Broadcom, AMD, and Qualcomm. The S&P 500 slid by more than 1% due to the ISM manufacturing index reporting August figures below consensus expectations, raising concerns about the economy and potentially increasing the chances of a Federal Reserve interest rate cut.

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Zilch, a British financial technology firm, reported its first-ever month of profit in July 2024, marking a key milestone for the company. The firm, which competes with Klarna and Block in the buy now, pay later space, achieved profitability within four years of its founding date. This is faster than other major consumer fintechs, such as Starling and Monzo, which took more than three and four years to make their first profit, respectively.

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Brazil's telecommunications regulator Anatel threatened sanctions against Starlink, a satellite internet firm owned by Elon Musk, over its refusal to comply with a court order to block access to Musk's social media company X in the country. The court ordered a nationwide suspension of X for not appointing a legal representative by a deadline. Anatel instructed internet providers to block access to X following the court order.

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A panel of Brazil's federal supreme court justices voted unanimously to uphold orders suspending the use of Elon Musk's social network X nationwide. The court's top justice, Alexandre de Moraes, had issued the suspension orders after warning X to appoint a legal representative in Brazil within 24 hours. X had defied court requests to take down accounts or posts that it said violated Brazil's laws on political misinformation and hate speech.

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Huawei plans to hold a product launch event on September 10 at 2:30 pm Beijing time, just hours after Apple's annual iPhone reveal. The event will take place late evening on September 9 on the west coast of the US, where Apple's event is set to take place. Richard Yu, who heads up Huawei's consumer and, will likely unveil new products at the event, but the exact details are unclear.

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Epic Systems, a privately held U.S. tech company, has its 1,670-acre headquarters in Verona, Wisconsin, where it employs a workforce to build software for hospitals and clinics. The company's software stores medical records of over 280 million people in the U.S. The headquarters is marked by a sign reading 'Epic Intergalactic Headquarters'.

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Apple Wallet and Google Wallet are partnering with hotel chains to replace plastic room keys with digital options. This move is driven by cybersecurity concerns, as researchers found a vulnerability in plastic hotel keys that could render up to three million keys vulnerable to hackers. Major U.S. hotel chains have already had digital key capabilities for years, but this partnership aims to accelerate the transformation of hotel room door locks.

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Amazon's checkout function experienced technical issues on Friday, causing customers to encounter error messages with photos of dogs. The outage occurred on the same day as Prime Day sales, which rose 13% in the first six hours compared to last year. Amazon relies on its own data center infrastructure to run its website, but its Amazon Web Services division was not responsible for the outage.

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Brazil's supreme court ordered a nationwide suspension of Elon Musk's social network X after the company failed to appoint a legal representative in Brazil. The court's top judge, Alexandre de Moraes, also imposed daily fines for individuals or businesses that use VPNs or other methods to access X while it is banned in the country. The deadline for appointing a legal representative passed on Thursday evening, and X said it was expecting the shutdown soon.

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Microsoft, Google, and Amazon have been acquiring AI talent from top startups through creative deals, avoiding regulators. Google signed a deal with Character.ai, hiring away its founder and 20% of its workforce, while licensing its technology. Microsoft and Amazon have also used similar tactics, acquiring Inflection and Adept respectively. These deals provide an exit for struggling AI startups and allow megacaps to gain talent in the AI arms race.

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