President Trump mistakenly claims Meta is spending $50 billion on Louisiana data center

$50B

8/27/25

On Tuesday, President Trump incorrectly stated that Meta is spending $50 billion on its Hyperion data center in Louisiana, when the social media company has said the cost of its city-sized data center would be about $10 billion. Taking a diplomatic cue from Apple’s CEO, Tim Cook — who famously didn’t correct Trump when he took credit for opening a plant that had already been open for years — Meta declined to comment on the president’s assertion.

That’s one way to increase investment in the US!

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Rani Molla

Tesla’s EV market share declined to 38% in August

In August, Tesla’s share of the US EV market fell to 38%, according to new data from Cox Automotive reported by Reuters. Tesla’s market share fell below 50% for the first time last year, as competitors’ EVs began hitting the market. Now, as Tesla’s own sales slip more drastically than they had last year, it’s giving up even more ground. Tesla’s market share fell from 48.7% in June to 42% in July to 38% in August, according to Reuters. That slide has come even as buyers rushing to take advantage of the federal tax credit that ends this month provide a near-term boon for sales at Tesla and other EV makers.

$115B

Rani Molla

OpenAI now expects to burn around $115 billion through 2029 — a full $80 billion higher than the company had previously estimated, The Information reports.

Just how much is that? It’s roughly equivalent to:

Fortunately for OpenAI, which is raising money at a $500 billion valuation, its revenue is also growing faster than expected. The ChatGPT maker now expects to make $13 billion in revenue this year and $200 billion in 2030.

An annotated photo of who attended the tech dinner at the White House.

An interactive who's-who of the tech execs at Trump's White House dinner

The White House invited a gaggle of top founders and tech executives for an intimate dinner at the White House.

Jon Keegan9/5/25

Rani Molla

Apple of my Eye

9/5/25

Apple’s latest phone is betting on looks, while Google looks inward

Apple gets a hardware upgrade. Google gets a software overhaul.

Tom Jones

buried treasure

9/5/25

The world’s biggest illegal sports streaming platform just got shut down

Where piracy is concerned, authorities are playing an almost never-ending game of “whack-a-mole.”

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