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TechmemeAI inference chip startup Etched raised a $300M Series C led by Sequoia, with a16z, SK Hynix, others participating, at a $10.3B valuation, up from $5B in Dec. (Julie Bort/TechCrunch)
TechmemeThe European Commission approves the $55B acquisition of EA by a group of investors including Saudi Arabia's PIF, Silver Lake, and Affinity (Foo Yun Chee/Reuters)
TechmemeIBM acquires HRL Laboratories from Boeing and General Motors, seeking to integrate HRL's electron spin quantum circuits into its quantum computers (Stephen Nellis/Reuters)
TechmemeAmazon is integrating its Luna cloud gaming service into Prime Video via a new Games tab, starting with games like Hogwarts Legacy and EA Sports FC for Fire TV (Alex Weprin/The Hollywood Reporter)
TechmemeFord says Apple's software will be available in its new EVs, helping determine autonomous driving via Apple Maps, and they are working to improve self-driving (Jack Ewing/New York Times)
TechmemeSources: Jeff Bezos pushed Prime Video head Mike Hopkins to highlight AI in an overhaul of the service, leading to an internal effort called Project Lighthouse (Reuters)
TechmemeFiling: Alphabet holds $94.1B in SpaceX equity post-IPO; $80B are under short-term sale restrictions, while $14.1B remain long-term restricted until Q3 2027 (Sarah Frier/Bloomberg)
TechmemeA Google study using millions of de-identified AI interactions finds AI is helping workers, not replacing them, and much AI use is "shallow" for certain tasks (Justin Lahart/Wall Street Journal)
TechmemeCrypto exchange BitMEX says it will shut down on September 23 and users' assets are safe; Trump pardoned its founders in 2025 for failing to implement AML rules (Akanksha Khushi/Reuters)
TechmemeIn a leaked four-hour investor talk, DeepSeek's Liang Wenfeng says the main US-China gap is compute access, Nvidia's CUDA moat is disintegrating, and more (Fred Gao/Inside China)
TechmemeBipartisan House lawmakers introduce the AI Kill Switch Act, which would grant the US DHS authority to shut down or throttle AI models that it deems dangerous (Politico)
TechmemeThe Senate's Clarity Act, a crypto industry-backed bill set for a vote this summer, is mired in debate over rules to stop Trump from selling digital currencies (David Yaffe-Bellany/New York Times)
TechmemeSTMicro forecasts Q3 revenue up ~16% YoY to $3.7B, below $3.79B est., and expects AI sales to pass $1B in 2026 and be "well above $2B" in 2027; STM falls 14%+ (Bloomberg)
TechmemeMark Zuckerberg launches a media campaign positioning the company's AI development as an optimistic, pro-human alternative to its competitors' "dystopian" ideas (Sara Fischer/Axios)
TechmemeGoogle launches a selfie video sign-in option for account recovery, utilizing tools like liveness detection to mitigate deepfake risks, rolling out globally (Reece Rogers/Wired)
TechmemeThe European Commission fines Google €890M under the DMA for illegally undercutting competition through its search dominance and Google Play developer rules (New York Times)
TechmemeTexas Instruments reports Q2 revenue up 23% YoY to $5.46B, above $5.26B est., net income up 53% to $1.98B, and forecasts $5.65B-$6.15B in Q3 revenue, above est. (Grace Yoon/Wall Street Journal)
TechmemeSources: Intel and AMD are signing longer-term server CPU purchase commitments with Chinese customers; prices of some CPU products are up 40%+ in China YTD (Reuters)
TechmemeSources: China resumes issuing robotaxi permits after an industry-wide full safety review prompted by an April outage involving 100+ Baidu robotaxis in Wuhan (Bloomberg)
TechmemeServiceNow invests $40M in banking software specialist BusinessNext, valuing the 24-year-old Indian company at $700M and taking a roughly 5% stake (Jagmeet Singh/TechCrunch)
TechmemeDassault Systèmes agrees to acquire ArisGlobal, a US supplier of software to the life sciences industry, from Nordic Capital for ~$2B, set to close in H2 2026 (Adrià Calatayud/Wall Street Journal)
TechmemeAs the AI industry recruits high-profile academics, research that was once conducted in the open is increasingly getting locked behind closed doors (The Atlantic)
TechmemeA profile of Peter Beck, the New Zealand billionaire whose Rocket Lab is pushing to compete with the satellite internet ambitions of Elon Musk and Jeff Bezos (Nic Fildes/Financial Times)
TechmemeSources: OpenAI models breached Hugging Face's internal systems in a matter of hours, a feat that would typically have taken a talented hacker a couple of weeks (Bloomberg)
TechmemeThe debate over Moonshot AI founder Yang Zhilin's departure from the US misses a larger structural reality: China has built a homegrown AI talent pipeline (Zijing Wu/Financial Times)
TechmemeSources: Shanghai-listed chip test instruments maker Semight, whose stock is up ~2,200% since its April debut, is considering a secondary listing in Hong Kong (Bloomberg)
TechmemeFrancisco Partners' co-founder Dipanjan Deb says "AI will not kill the software industry" as the tech-focused PE firm raised $21B, exceeding its $18B target (Antoine Gara/Financial Times)
TechmemeSources detail how Commerce Secretary Howard Lutnick and crypto adviser Bo Hines worked to shape the GENIUS Act and loosen safeguards to benefit Tether (Bloomberg)
TechmemeA study of 11,989 Polymarket users finds 61% placed fewer than 100 trades over a six-week period, with 58% making or losing less than $100 during that period (Kaitlyn Radde/Pew Research Center)
TechmemeUS GAO study: Amazon workers on federal aid tripled from February 2020 to September 2025; ride-hailing and delivery apps topped employers with workers on aid (Washington Post)
TechmemeMeta's infrastructure teams have become bloated, leading to poor decisions like troubled Rivos acquisition, loss of supplier trust due to hardware pivots, more (SemiAnalysis)
TechmemeTesla reports a negative Q2 free cash flow of $1.1B, its first in over two years, partly due to increased AI and robotic investments, amid diminishing profits (Reuters)
TechmemeGoogle reports Q2 free cash flow at negative $5.9B amid increased AI spending, marking its first cash burn since going public decades ago (Ryan McMorrow/Financial Times)
TechmemeSources: OpenAI staff were "freaked out" when GPT-Sol 5.6 breached Hugging Face, as OpenAI used more aggressive training methods to compete with Anthropic (Financial Times)
TechmemeThe Little Tech Association, a new group of ~200 companies across the startup community, including Y Combinator, urges Trump not to ban Chinese open-weight AI (Sophia Cai/Politico)
TechmemeMovement Labs, a layer-2 Ethereum blockchain developer, files for Chapter 11 bankruptcy after a period of upheaval that included a token scandal and Binance ban (CoinDesk)
TechmemeGoogle projects full-year capex will be $195B to $205B in 2026, after saying in April that it will spend as much as $190B; its Q2 capex hit $44.92B, up 100% YoY (Julia Love/Bloomberg)
TechmemeGoogle says its cloud computing unit had a $514B backlog of contracted work that hasn't been recorded as revenue yet, up from ~$460B held during Q1 (Julia Love/Bloomberg)
TechmemeServiceNow reports Q2 subscription revenue up 24.5% YoY to $3.88B, increases full year subscription revenue growth estimate to 23%; NOW jumps 4%+ after hours (Brody Ford/Bloomberg)
TechmemeThe SEC agrees to pay $150,000 in legal fees to end Coinbase's 2024 lawsuit seeking internal docs on the regulator's Biden-era crackdown on the crypto industry (Nicola M White/Bloomberg)
TechmemeGoogle says Gemini now has 950M MAUs, up from 900M in May and 750M in February (Emma Roth/The Verge)
TechmemeIBM reports Q2 revenue up 1% YoY to $17.2B, vs. $17.6B est., infrastructure revenue down 7% to $3.8B, Z mainframe revenue down 42%, and lowers its 2026 forecast (Jordan Novet/CNBC)
TechmemeReddit's stock closed down 8.32% after a report that the company was considering ending Google's access to its content for AI training; RDDT is down ~26% YTD (CJ Haddad/CNBC)
TechmemeAlphabet reports YouTube's Q2 ad revenue rose 13% YoY to $11.06B, vs. $10.8B est., and Google's ad revenue reached $81.63B, up from $71.34B in Q2 2025 (Todd Spangler/Variety)
TechmemeAlphabet reports Q2 revenue up 24% YoY to $119.8B, above $116.9B est., Google Cloud revenue up 82% YoY to $24.8B, and Services revenues up 15% to $94.5B (Alphabet)
TechmemeOpenAI President Greg Brockman says Kimi K3 is a "pretty good model" but it is "too early" to tell whether Moonshot used distillation on OpenAI's models (Shirin Ghaffary/Bloomberg)
TechmemeSource: Stripe revenue jumped by a third to $6.8B in 2025, its fastest revenue growth since 2021, with free cash flow up 52% to $3.2B (Yueqi Yang/The Information)
TechmemeTravis Kalanick's robotics startup Atoms raised $1.7B led by a16z, with Uber and others participating; Ben Horowitz will join the startup's board (Sean O'Kane/TechCrunch)
TechmemeA Florida teenager drops his lawsuit accusing Meta of creating harmful social media features, following settlements with co-defendants TikTok, Snap, and YouTube (New York Times)
TechmemeYope, a social network that has ~15M registered users for its "micro communities" and no algorithms, ads, or public content, raised $12.3M seed led by Northzone (Sarah Perez/TechCrunch)