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PRESS DIGEST- New York Times business news - August 13

ReutersAug 13, 2025 4:55 AM

- The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.

- In an unlikely bid that shows the growing brashness of young artificial intelligence companies, the AI start-up Perplexity has made an unsolicited offer to buy Google's Chrome web browser for $34.5 billion.

- Do Kwon, a cryptocurrency entrepreneur who designed the Luna and TerraUSD, a pair of digital currencies that failed spectacularly in 2022, triggering a market meltdown, pleaded guilty on Tuesday to two counts of fraud.

- Investigators have uncovered evidence that Russia is at least partly responsible for a recent hack of the computer system that manages U.S. federal court documents, including highly sensitive records with information that could reveal sources and people charged with national security crimes.

- A U.S. federal appeals court on Tuesday allowed teams affiliated with the Department of Government Efficiency to gain access to potentially sensitive data on millions of Americans, overruling a lower court that had blocked that access in February.

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