Zuckerberg’s MAGA move

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Tech Across the Globe

PDD dips: Temu operator PDD Holdings plunged in US trading after reporting results that missed estimates, demonstrating how the China-US trade war is damaging the business.

Apple gaming app: The iPhone maker is planning a dedicated app for video games on its devices, trying to improve the experience for players who have a lot of alternatives in the marketplace.

Block’s Bitcoin expansion: The Jack Dorsey-led company will let businesses that use its Square point-of-sale terminals accept payment in Bitcoin beginning later this year. Block already allows merchants to instantly convert a portion of daily sales into Bitcoin and supports Bitcoin transactions through its peer-to-peer Cash App.

Revalued

Silicon Data, a market-intelligence firm, created what it says is the first daily index to track graphics processing units, the specialized chips vital to powering artificial intelligence. The company’s Silicon Data H100 Rental Index tracks the hourly cost of renting a GPU, according to founder and Chief Executive Officer Carmen Li. The firm wants to bring “transparency into the convoluted world of AI costs,” Li said.

Must Read

Meta Chief Executive Officer Mark Zuckerberg has changed company policies, made political donations and even bought a home in Washington in an effort to get in the good graces of US President Donald Trump, writes Riley Griffin in today’s Tech In Depth. But Zuckerberg’s tilt to the right has many questioning his motives — and whether it’s really a winning strategy for Meta.

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This Week in Power On

OpenAI’s acquisition of former Apple designer Jony Ive’s startup to help the artificial intelligence company design new hardware devices is a wake-up call for Apple, Mark Gurman reports in this week’s Power On. For the first time in decades, Apple’s position at the top of the tech industry is under genuine threat, he writes.

Sign up for the Power On newsletter to get the inside scoop from Mark Gurman on all things Apple and consumer tech.

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