<html> <head> <meta name="viewport" content="width=device-width,initial-scale=1.0"> <style> a { text-decoration:none; } .uppercase { text-transform:uppercase; } .page { font-family:Optima, Helvetica, sans-serif; width:620px; margin:0 auto; background-color:white; font-size:16px; } .page table { border-collapse:collapse; } .header a, .header a:hover, .header a:visited { color:#606060; } .section { margin-top:12px; } .first_section { margin-top:4px; } .first_in_section { border-top:none !important; } .story .leading_item .title { font-size:18px; } .big_story .leading_item .title { font-size:24px; } .clustered_items .title { font-size:18px; } .title a { color:#004860; font-weight:bold; } .excerpt { color:black; font-size:16px; } .cite { color:#888; display:inline-block; white-space: nowrap; } a.tweet_cite:link, a.tweet_cite:visited, a.fb_item_cite:link, a.fb_item_cite:visited { color:black; } a.tweet_body:link, a.tweet_body:visited, a.fb_item_body:link, a.fb_item_body:visited { color:black; } .tweet, .fb_item { padding:1px 0; } .fb_item_image { width:12px; } .tweet_image { width:12px; } .logo { display:block; background:url(https://www.techmeme.com/img/techmeme34.png); background-size: cover; height:34px; width:142px; } .logo_img { height:34px; width:142px; } .sponsor .label { display:block; color:#686860; font-size:12px; font-weight:bold; padding:2px 0; } .event a:link, .event a:visited { color:#004860; } .banner { margin-bottom:12px; padding:20px 10px; background-color:#ffd700; text-align:center; font-size:26px; color:red; } .mcnPreviewText{display: none !important;} @media only screen and (max-width: 480px) { body, .page { width:100% !important; -webkit-text-size-adjust:none !important; } .MC_links { font-size:14px !important; padding-bottom:10px !important; } .page_date { font-size:18px !important; } .narrow_image { display:none !important; } .section { margin-top:16px !important; } .first_section { margin-top:6px !important; } .story, .big_story { padding: 12px 0 !important; border-top:1px solid silver !important; } .first_in_section { border-top:none !important; } .logo { background:url(https://www.techmeme.com/img/techmeme135.png) !important; background-size: cover !important; height:38px !important; width:160px !important; } .logo_img { height:38px !important; width:160px !important; } .tweet_image, .fb_item_image { width: 12px !important; } .events { padding:12px 10px !important; } .sponsor_image { max-width: 100px; } .presented_by { padding:2px 0 10px !important; } } </style> <!--[if gte mso 9]> <style type="text/css"> .clustered_items td { padding-left:38px !important; } </style> <![endif]--> </head> <body> <!-- --> <!--[if !gte mso 9]><!----><span class="mcnPreview Text" style="display:none; font-size:0px; line-height:0px; max-height:0px; max-width:0px; opacity:0; overflow:hidden; visibility:hidden; mso-hide:all;">Memo: OpenAI's Mark Chen responds to Meta offers, says it feels like “someone has broken into our home and stolen something” and OpenAI is “recalibrat</span><!--<![endif]--> <!-- --> <div class="page" style="font-family: Optima, Helvetica, sans-serif;width: 620px;margin: 0 auto;background-color: white;font-size: 16px;"> <div class="header"> <table style="width: 100%;margin-bottom: 8px;border-collapse: collapse;"> <tr> <td class="MC_links" colspan="2" style="font-size:13px;text-align:center;padding:2px 0 8px;color:#606060"> <a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=998d5345e4&e=06cea4a9e4" style="text-decoration: none;color: #606060;">Got this from a friend? Subscribe!</a> | <a href="https://us14.forward-to-friend.com/forward?u=94ccd3ae223561415b05892ab&id=6442225ce9&e=06cea4a9e4" style="text-decoration: none;color: #606060;">Forward</a> | <a href="https://us14.campaign-archive.com/?e=06cea4a9e4&u=94ccd3ae223561415b05892ab&id=6442225ce9" style="text-decoration: none;color: #606060;">View in browser</a> </td> </tr> <tr> <td style="vertical-align:middle;padding-left:10px;min-height:38px;"> <a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=987a5e98b0&e=06cea4a9e4" style="text-decoration: none;color: #606060;"> <!-- <span class="logo"></span> --> <img class="logo_img" src="https://www.techmeme.com/img/techmeme135.png" width="142" height="34" style="height: 34px;width: 142px;"> </a> </td> <td class="page_date" style="vertical-align:middle;text-align:right;color:#004860;font-weight:700;padding-right:10px">Sun, Jun 29</td> </tr> </table> </div> <div style="width:100%;border:1px solid lightgray;padding:5px 0;background-color:white;margin:0 auto 10px;" class="story sponsor"> <table class="leading_item" style="width: 100%;border-collapse: collapse;"> <tr> <td colspan="2"> <div class="presented_by" style="text-align:center;width:100%;letter-spacing:2px;text-transform:uppercase;font-size:14px;padding:2px 0 4px;"> Presented by Google </div> </td> </tr> <tr> <td style="padding-left:10px;vertical-align:middle;"> <span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=a1926ca136&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Generate videos with Veo 3 in Google Gemini</a></span> <span class="excerpt" style="color: black;font-size: 16px;"> — Create high-quality, 8-second videos with Veo 3, our state-of-the-art AI video generator. Try it with a Google AI Pro plan or get the highest access with the Ultra plan.</span> </td> <td style="padding:0 15px 0 15px;vertical-align:middle;text-align:right;"> <a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=05e37498cb&e=06cea4a9e4" style="text-decoration: none;"> <img class="sponsor_image" src="https://techmeme.com/simg/gemini_264px.png"> </a> </td> </tr> </table> </div> <!-- <div class="banner"> YOUR AD HERE </div> --> <div class="first_section" style="margin-top: 4px;"> <div class="section_header uppercase" style="border-bottom: 3px solid #004860;letter-spacing: 1px;color: #004860;font-weight: bold;padding: 4px 10px;text-transform: uppercase;"> top news </div> <div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="first_story first_in_section big_story"> <table class="leading_item" style="border-collapse: collapse;"> <tr> <td style="padding-left:10px;vertical-align:top;"> <span class="title" style="font-size: 24px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=f42d8662f8&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Memo: OpenAI's Mark Chen responds to Meta offers, says it feels like “someone has broken into our home and stolen something” and OpenAI is “recalibrating comp”</a></span> <span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Zoë Schiffer / </span><span class="pub_name">Wired</span>)</span> </td> <td style="padding: 0 10px;vertical-align:top;"> <div class="narrow_image" style="position:relative;"> <img src="https://www.techmeme.com/250629/i19.jpg"> </div> </td> </tr> <!-- <tr> <td colspan="2" style="padding:5px 10px 0;"> <span class="excerpt">As Mark Zuckerberg lures away top research talent to Meta … </span> <span class="cite">(Zoë Schiffer / Wired)</span> </td> </tr> --> </table> <table style="border-collapse: collapse;"> <tr><td style="padding:5px 10px 3px;"> <div class="tweet" style="padding: 1px 0;"> <img class="tweet_image" width="12" src="https://techmeme.com/img/twitter_x.png" style="width: 12px;"> <a class="tweet_cite" href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=d178652410&e=06cea4a9e4" style="text-decoration: none;color: black;">@kimmonismus:</a> <a class="tweet_body" href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=25544b6426&e=06cea4a9e4" style="text-decoration: none;color: black;">Even OpenAI employees confirm the extent of the loss of reserachers to Meta. [image]</a> </div> <div class="tweet" style="padding: 1px 0;"> <img class="tweet_image" width="12" src="https://techmeme.com/img/twitter_x.png" style="width: 12px;"> <a class="tweet_cite" href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=5464d36e3f&e=06cea4a9e4" style="text-decoration: none;color: black;">@signulll:</a> <a class="tweet_body" href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=12e41dc8f9&e=06cea4a9e4" style="text-decoration: none;color: black;">this is a high tier psyop from sam. he's talking directly to the market. by floating a number like $100m: - he sets an anchor so absurd that anything meta offers now feels cheap. - he forces meta to either deny or match, both of which hurt them. - he gives his own employees a loyalty premium, they feel like they're sitting on a $100m chip</a> </div> <div class="tweet" style="padding: 1px 0;"> <img class="tweet_image" width="12" src="https://techmeme.com/img/twitter_x.png" style="width: 12px;"> <a class="tweet_cite" href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=9f74070f93&e=06cea4a9e4" style="text-decoration: none;color: black;">@yuchenj_uw:</a> <a class="tweet_body" href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=162739bca4&e=06cea4a9e4" style="text-decoration: none;color: black;">Zuck poached 4 elite Chinese researchers from OpenAI: - Jiahui Yu: led o3, o4-mini, GPT-4.1 - Hongyu Ren: creator of o3-mini & o1-mini, core contributor to o1 - Shuchao Bi: head of post-training multimodal org - Shengjia Zhao: key contributor to GPT-4 & o1 These are undeniably some of the best researchers at OpenAI. Llama 5's about to flex hard.</a> </div> </td></tr> </table> <table class="clustered_items" style="border-collapse: collapse;"> <tr><td style="padding:0px 10px 0 32px;"> <ul style="padding:0px 10px 0px 0px;"> <li class="sub_item" style="margin:10px 0 0;"> <span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=396d605253&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Source: Meta hired four more OpenAI researchers, including key contributors to o1-mini and o3-mini, as Zuckerberg continues an unprecedented recruiting effort</a></span> <span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Kalley Huang / </span><span class="pub_name">The Information</span>)</span> </li> <li class="sub_item" style="margin:10px 0 0;"> <span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=46ac919f01&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Meta offering $100M signing bonuses may be an exaggeration by Altman, but $100M overall compensation packages are plausible given Meta's need to catch up in AI</a></span> <span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">M.G. Siegler / </span><span class="pub_name">Spyglass</span>)</span> </li> <li class="sub_item" style="margin:10px 0 0;"> <span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=e60343f577&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">A look at “The List”, a compilation of the most talented AI engineers and researchers that Mark Zuckerberg has put together in an effort to recruit them to Meta</a></span> <span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="pub_name">Wall Street Journal</span>)</span> </li> </ul> </td></tr> </table> </div> <div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="big_story"> <table class="leading_item" style="border-collapse: collapse;"> <tr> <td style="padding-left:10px;vertical-align:top;"> <span class="title" style="font-size: 24px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=26a29e2740&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Elon Musk calls the Senate tax bill “utterly insane” as it raises taxes on nuclear and geothermal energy and battery storage, which are crucial for AI training</a></span> <span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Noah Smith / </span><span class="pub_name">Noahpinion</span>)</span> </td> <td style="padding: 0 10px;vertical-align:top;"> <div class="narrow_image" style="position:relative;"> <img src="https://www.techmeme.com/250629/i17.jpg"> </div> </td> </tr> <!-- <tr> <td colspan="2" style="padding:5px 10px 0;"> <span class="excerpt">Trump's “Big Beautiful Bill” is an attack on American energy production.</span> <span class="cite">(Noah Smith / Noahpinion)</span> </td> </tr> --> </table> <table style="border-collapse: collapse;"> <tr><td style="padding:5px 10px 3px;"> <div class="tweet" style="padding: 1px 0;"> <img class="tweet_image" width="12" src="https://techmeme.com/img/twitter_x.png" style="width: 12px;"> <a class="tweet_cite" href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=6c65d441e7&e=06cea4a9e4" style="text-decoration: none;color: black;">@elonmusk:</a> <a class="tweet_body" href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=253031faac&e=06cea4a9e4" style="text-decoration: none;color: black;">The latest Senate draft bill will destroy millions of jobs in America and cause immense strategic harm to our country! Utterly insane and destructive. It gives handouts to industries of the past while severely damaging industries of the future.</a> </div> <div class="tweet" style="padding: 1px 0;"> <img class="tweet_image" width="12" src="https://techmeme.com/img/twitter_x.png" style="width: 12px;"> <a class="tweet_cite" href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=53d4998b0d&e=06cea4a9e4" style="text-decoration: none;color: black;">@davidsacks:</a> <a class="tweet_body" href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=84928f8176&e=06cea4a9e4" style="text-decoration: none;color: black;">What is the most realistic way for the U.S. to lower debt/GDP? Growth What is the biggest driver of growth? Productivity What is expected to drive productivity most? AI Yet over 1,000 bills have been introduced in state legislatures to hobble AI. We need preemption in OBBB.</a> </div> <div class="tweet" style="padding: 1px 0;"> <img class="tweet_image" width="12" src="https://techmeme.com/img/twitter_x.png" style="width: 12px;"> <a class="tweet_cite" href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=c02dd8dddc&e=06cea4a9e4" style="text-decoration: none;color: black;">@atrupar:</a> <a class="tweet_body" href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=c427052b74&e=06cea4a9e4" style="text-decoration: none;color: black;">Trump: “We're doing coal. I don't want windmills destroying our place. I don't want these solar things where they go for miles and they cover up half a mountain and they're ugly as hell.” [video]</a> </div> </td></tr> </table> </div> <div style="width:100%;border-top:1px solid lightgray;padding:14px 0;background-color:#f4f4f4;" class="story sponsor"> <table class="leading_item" style="width: 100%;border-collapse: collapse;"> <tr> <td style="padding-left:10px;vertical-align:middle;"> <span class="label" style="display: block;color: #686860;font-size: 12px;font-weight: bold;padding: 2px 0;">SPONSOR</span> <span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=3e1246d095&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Ship with AI: The Future of Coding is Here</a></span> <span class="excerpt" style="color: black;font-size: 16px;"> — Use natural language in Slack to trigger real PRs, docs, dashboards, infra & more. Codegen connects GitHub, Linear, Notion, and beyond.</span> </td> <td style="padding:0 20px 0 15px;vertical-align:middle;text-align:right;"> <a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=bbb7458953&e=06cea4a9e4" style="text-decoration: none;"> <img class="sponsor_image" src="https://techmeme.com/simg/codegen.png"> </a> </td> </tr> </table> </div> <div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="big_story"> <table class="leading_item" style="border-collapse: collapse;"> <tr> <td style="padding-left:10px;vertical-align:top;"> <span class="title" style="font-size: 24px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=6797d45e88&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">The F1 movie gives Apple its first box office hit, opening to $144M worldwide and $55.6M in the US; it was pushed on Apple Music, Podcasts, Fitness+, and Wallet</a></span> <span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Anthony D'Alessandro / </span><span class="pub_name">Deadline</span>)</span> </td> <td style="padding: 0 10px;vertical-align:top;"> <div class="narrow_image" style="position:relative;"> <img src="https://www.techmeme.com/250629/i18.jpg"> </div> </td> </tr> <!-- <tr> <td colspan="2" style="padding:5px 10px 0;"> <span class="excerpt">It's a win for racing car movies. It's a win for Zack Van Amburg … </span> <span class="cite">(Anthony D'Alessandro / Deadline)</span> </td> </tr> --> </table> <table style="border-collapse: collapse;"> <tr><td style="padding:5px 10px 3px;"> <div class="tweet" style="padding: 1px 0;"> <img class="tweet_image" width="12" src="https://techmeme.com/img/twitter_x.png" style="width: 12px;"> <a class="tweet_cite" href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=a51172fdca&e=06cea4a9e4" style="text-decoration: none;color: black;">@vincenzolandino:</a> <a class="tweet_body" href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=c522e94fb9&e=06cea4a9e4" style="text-decoration: none;color: black;">We are witnessing something unique in sports business: A Hollywood film that could actually move the needle for a publicly traded league. If F1 The Movie breaks out beyond hardcore fans, it could do what Drive to Survive did in 2019, boosting U.S. media rights and elevating the league's market cap.</a> </div> <div class="tweet" style="padding: 1px 0;"> <img class="tweet_image" width="12" src="https://techmeme.com/img/twitter_x.png" style="width: 12px;"> <a class="tweet_cite" href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=3623ee82b1&e=06cea4a9e4" style="text-decoration: none;color: black;">@bendreyfuss:</a> <a class="tweet_body" href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=a9e6e80823&e=06cea4a9e4" style="text-decoration: none;color: black;">It's great that F1 seems poised to do well at the box office because 1) it's just a fun time at the cineplex and 2) it's nice that Apple finally has a hit after kindly donating so much money to Hollywood for no reason at all and having nothing to show for it</a> </div> <div class="tweet" style="padding: 1px 0;"> <img class="tweet_image" width="12" src="https://techmeme.com/img/twitter_x.png" style="width: 12px;"> <a class="tweet_cite" href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=76fa11321e&e=06cea4a9e4" style="text-decoration: none;color: black;">@lewishamilton:</a> <a class="tweet_body" href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=5539683769&e=06cea4a9e4" style="text-decoration: none;color: black;">#F1TheMovie is in theaters now. Big thanks to @tim_cook and the @appletv team for helping us get to this moment ~ [video]</a> </div> </td></tr> </table> </div> <div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="story"> <table class="leading_item" style="border-collapse: collapse;"> <tr> <td style="padding:5px 10px 0;"> <span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=efd8436c6f&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Experts detail how the Trump administration has seriously weakened the public-private partnerships that protect US critical infrastructure from cyberattacks</a></span> <span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Eric Geller / </span><span class="pub_name">Cybersecurity Dive</span>)</span> </td> </tr> </table> </div> <div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="story"> <table class="leading_item" style="border-collapse: collapse;"> <tr> <td style="padding:5px 10px 0;"> <span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=d6a3356bdb&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">The DOJ settles its lawsuit challenging HPE's $14B acquisition of Juniper; HPE must divest Instant On and license the source code for Juniper's Mist AI software</a></span> <span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Rishabh Jaiswal / </span><span class="pub_name">Reuters</span>)</span> </td> </tr> </table> </div> <div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="story"> <table class="leading_item" style="border-collapse: collapse;"> <tr> <td style="padding:5px 10px 0;"> <span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=2baa329b0a&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Tesla says a Model Y drove itself from Gigafactory Texas to a buyer's home 30 minutes away, marking its first fully autonomous vehicle delivery</a></span> <span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Andrew J. Hawkins / </span><span class="pub_name">The Verge</span>)</span> </td> </tr> </table> </div> <div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="story"> <table class="leading_item" style="border-collapse: collapse;"> <tr> <td style="padding:5px 10px 0;"> <span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=e29d922ca7&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Kuo expects Apple to mass produce a Vision Pro with M5 in Q3 2025, a Vision Air in Q3 2027, a Vision Pro with a new design and XR glasses in H2 2028, and more</a></span> <span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Marcus Mendes / </span><span class="pub_name">9to5Mac</span>)</span> </td> </tr> </table> </div> <div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="story"> <table class="leading_item" style="border-collapse: collapse;"> <tr> <td style="padding:5px 10px 0;"> <span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=d2c5ee626e&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Meta and Anthropic prevailed in copyright suits against them, but the rulings have major caveats and don't address when AI output might infringe copyright</a></span> <span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Adi Robertson / </span><span class="pub_name">The Verge</span>)</span> </td> </tr> </table> </div> <div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="story"> <table class="leading_item" style="border-collapse: collapse;"> <tr> <td style="padding:5px 10px 0;"> <span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=73dfcc73b2&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Baidu plans to open-source its Ernie LLM on June 30; some say this could cement China's AI leadership, while others doubt it will be a “DeepSeek moment”</a></span> <span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Kevin Williams / </span><span class="pub_name">CNBC</span>)</span> </td> </tr> </table> </div> <div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="story"> <table class="leading_item" style="border-collapse: collapse;"> <tr> <td style="padding:5px 10px 0;"> <span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=3dd3aae055&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">South Korea becomes Asia's best-performing stock market in H1 2025, as shares rise following President Lee Jae-myung's pledge to allow won-based stablecoins</a></span> <span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Song Jung-a / </span><span class="pub_name">Financial Times</span>)</span> </td> </tr> </table> </div> <div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="story"> <table class="leading_item" style="border-collapse: collapse;"> <tr> <td style="padding:5px 10px 0;"> <span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=135239611a&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Canada orders Chinese video surveillance tech provider Hikvision to cease all operations and close its business in the country over national security concerns</a></span> <span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Yi Wei Wong / </span><span class="pub_name">Bloomberg</span>)</span> </td> </tr> </table> </div> <div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="story"> <table class="leading_item" style="border-collapse: collapse;"> <tr> <td style="padding:5px 10px 0;"> <span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=de43d61ca6&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">MCP has promise beyond AI, and could serve as a “universal plugin system” that connects disparate data sources and tools together to enable new capabilities</a></span> <span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Scott Werner / </span><span class="pub_name">Works on My Machine</span>)</span> </td> </tr> </table> </div> <div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="story"> <table class="leading_item" style="border-collapse: collapse;"> <tr> <td style="padding:5px 10px 0;"> <span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=cfc8efa003&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Nvidia executives, including Jensen Huang, have sold $1B+ worth of company stock in the past 12 months, with $500M+ in share sales occurring in June 2025 alone</a></span> <span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="pub_name">Financial Times</span>)</span> </td> </tr> </table> </div> <div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="story"> <table class="leading_item" style="border-collapse: collapse;"> <tr> <td style="padding:5px 10px 0;"> <span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=bc0925466e&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">NetChoice sues Arkansas over two laws that would put limits on social media content and let parents of children who died by suicide sue over platform content</a></span> <span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Andrew Demillo / </span><span class="pub_name">Associated Press</span>)</span> </td> </tr> </table> </div> </div> <div class="section" style="margin-top: 12px;"> <div class="section_header uppercase" style="border-bottom: 3px solid #004860;letter-spacing: 1px;color: #004860;font-weight: bold;padding: 4px 10px;text-transform: uppercase;"> artificial intelligence </div> <div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="first_in_section story"> <table class="leading_item" style="border-collapse: collapse;"> <tr> <td style="padding:5px 10px 0;"> <span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=876825d2c4&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">The term “context engineering” is gaining traction over “prompt engineering” as it better describes the skill of providing LLMs with the necessary information</a></span> <span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Simon Willison / </span><span class="pub_name">Simon Willison's Weblog</span>)</span> </td> </tr> </table> </div> <div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="story"> <table class="leading_item" style="border-collapse: collapse;"> <tr> <td style="padding:5px 10px 0;"> <span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=0457e2fe06&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Synthesia says it has over 65K customers and serves more than 70% of the Fortune 100, with its AI avatars mainly used for training and internal communications</a></span> <span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Allie Garfinkle / </span><span class="pub_name">Fortune</span>)</span> </td> </tr> </table> </div> <div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="story"> <table class="leading_item" style="border-collapse: collapse;"> <tr> <td style="padding:5px 10px 0;"> <span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=0f97dfa0d3&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Investigation: California colleges and universities continue to renew Turnitin subscriptions despite the cost, faulty anti-plagiarism tech, and privacy issues</a></span> <span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Tara García Mathewson / </span><span class="pub_name">The Markup</span>)</span> </td> </tr> </table> </div> <div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="story"> <table class="leading_item" style="border-collapse: collapse;"> <tr> <td style="padding:5px 10px 0;"> <span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=2028bcbf99&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">A look at AIFF 2025, Runway's third annual AI Film Festival featuring 10 shorts, as the film and TV industry remains divided over the role of AI in its future</a></span> <span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Samuel Axon / </span><span class="pub_name">Ars Technica</span>)</span> </td> </tr> </table> </div> <div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="story"> <table class="leading_item" style="border-collapse: collapse;"> <tr> <td style="padding:5px 10px 0;"> <span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=00dd8daa9f&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">As Reddit turns 20, a look at its AI efforts, including the Reddit Answers chatbot, while it battles unauthorized scraping of user data for AI training</a></span> <span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Jonathan Vanian / </span><span class="pub_name">CNBC</span>)</span> </td> </tr> </table> </div> <div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="story"> <table class="leading_item" style="border-collapse: collapse;"> <tr> <td style="padding:5px 10px 0;"> <span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=35648bc988&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Call center agents in Australia, Canada, Greece, and the US say they've been repeatedly mistaken for AI, as the industry rapidly integrates AI alongside humans</a></span> <span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Morgan Meaker / </span><span class="pub_name">Bloomberg</span>)</span> </td> </tr> </table> </div> <div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="story"> <table class="leading_item" style="border-collapse: collapse;"> <tr> <td style="padding:5px 10px 0;"> <span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=7d6cd36526&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">A profile of London-based CloudNC, a leading provider of AI-powered CNC software that is helping US manufacturers overcome a shortage of trained operators</a></span> <span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Jeremy Kahn / </span><span class="pub_name">Fortune</span>)</span> </td> </tr> </table> </div> <div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="story"> <table class="leading_item" style="border-collapse: collapse;"> <tr> <td style="padding:5px 10px 0;"> <span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=1a27ae06db&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">OpenAI is expanding its consulting-like service to refine its models and build bespoke apps for large enterprise and government clients spending at least $10M</a></span> <span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="pub_name">The Information</span>)</span> </td> </tr> </table> </div> <div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="story"> <table class="leading_item" style="border-collapse: collapse;"> <tr> <td style="padding:5px 10px 0;"> <span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=a04a7ebd95&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">[Thread] Cluely unveils a desktop AI assistant that it says can help users cheat on meetings, sales, lectures, interviews, learning new software, and more</a></span> <span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Roy / </span><span class="pub_name">@im_roy_lee</span>)</span> </td> </tr> </table> </div> <div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="story"> <table class="leading_item" style="border-collapse: collapse;"> <tr> <td style="padding:5px 10px 0;"> <span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=e602abfc06&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">AI-generated images of fake, otherworldly-looking houseplants are proliferating online and misleading consumers, as AI slop extends to plant care advice</a></span> <span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Nicole Froio / </span><span class="pub_name">The Verge</span>)</span> </td> </tr> </table> </div> <div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="story"> <table class="leading_item" style="border-collapse: collapse;"> <tr> <td style="padding:5px 10px 0;"> <span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=a0f87888be&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Hands-on with seven coding agents tasked with building a website: Claude Code performed best, OpenAI's Codex lacked polish, and Replit failed to build the site</a></span> <span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Timothy B. Lee / </span><span class="pub_name">Understanding AI</span>)</span> </td> </tr> </table> </div> <div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="story"> <table class="leading_item" style="border-collapse: collapse;"> <tr> <td style="padding:5px 10px 0;"> <span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=01721e0720&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">How the Center for Investigative Reporting is handling the lawsuit against OpenAI as one of the few nonprofits with the resources to take on a yearslong suit</a></span> <span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Andrew Deck / </span><span class="pub_name">Nieman Lab</span>)</span> </td> </tr> </table> </div> </div> <div class="section" style="margin-top: 12px;"> <div class="section_header uppercase" style="border-bottom: 3px solid #004860;letter-spacing: 1px;color: #004860;font-weight: bold;padding: 4px 10px;text-transform: uppercase;"> venture capital </div> <div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="first_in_section story"> <table class="leading_item" style="border-collapse: collapse;"> <tr> <td style="padding:5px 10px 0;"> <span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=60a23f7a2c&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Report: Swiss deep tech startups have created over $100B in total enterprise value, with 60% of VC funding in Switzerland from 2019 to 2025 going to deep tech</a></span> <span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Cate Lawrence / </span><span class="pub_name">Tech.eu</span>)</span> </td> </tr> </table> </div> <div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="story"> <table class="leading_item" style="border-collapse: collapse;"> <tr> <td style="padding:5px 10px 0;"> <span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=5b8e9307f3&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Sources: Menlo Ventures targets ~$1.5B for new funds to invest in AI ventures, including $650M for early-stage startups, and $850M for later-stage companies</a></span> <span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Yuliya Chernova / </span><span class="pub_name">Wall Street Journal</span>)</span> </td> </tr> </table> </div> </div> <div class="section" style="margin-top: 12px;"> <div class="section_header uppercase" style="border-bottom: 3px solid #004860;letter-spacing: 1px;color: #004860;font-weight: bold;padding: 4px 10px;text-transform: uppercase;"> infosec </div> <div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="first_in_section story"> <table class="leading_item" style="border-collapse: collapse;"> <tr> <td style="padding:5px 10px 0;"> <span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=49ea0aef25&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Atlantic Council: US cyber power is hampered by an inefficient supply chain for zero days, with too few providers and “levels of middlemen” driving up costs</a></span> <span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Patrick Howell O'Neill / </span><span class="pub_name">Bloomberg</span>)</span> </td> </tr> </table> </div> <div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="story"> <table class="leading_item" style="border-collapse: collapse;"> <tr> <td style="padding:5px 10px 0;"> <span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=8471fe0c2b&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">An in-depth look at how foreign scammers use US banks to facilitate large-scale transfers of funds stolen from victims of “pig butchering” scams overseas</a></span> <span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Cezary Podkul / </span><span class="pub_name">ProPublica</span>)</span> </td> </tr> </table> </div> </div> <div class="section" style="margin-top: 12px;"> <div class="section_header uppercase" style="border-bottom: 3px solid #004860;letter-spacing: 1px;color: #004860;font-weight: bold;padding: 4px 10px;text-transform: uppercase;"> M&A </div> <div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="first_in_section story"> <table class="leading_item" style="border-collapse: collapse;"> <tr> <td style="padding:5px 10px 0;"> <span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=0e1b7f6ea9&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Nordic Semiconductor acquires US startup Memfault, a cloud-based IoT lifecycle management and observability service that supports secure OTA updates, for $120M</a></span> <span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Nick Flaherty / </span><span class="pub_name">eeNews Europe</span>)</span> </td> </tr> </table> </div> <div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="story"> <table class="leading_item" style="border-collapse: collapse;"> <tr> <td style="padding:5px 10px 0;"> <span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=3cd6a7aad8&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">EQT agrees to sell Japanese automotive electronics manufacturer Pioneer for $1.1B to CarUX, a unit of Taiwan-listed Innolux specializing in smart cockpit tech</a></span> <span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Cathy Chan / </span><span class="pub_name">Bloomberg</span>)</span> </td> </tr> </table> </div> </div> <div class="section" style="margin-top: 12px;"> <div class="section_header uppercase" style="border-bottom: 3px solid #004860;letter-spacing: 1px;color: #004860;font-weight: bold;padding: 4px 10px;text-transform: uppercase;"> funding deals </div> <div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="first_in_section story"> <table class="leading_item" style="border-collapse: collapse;"> <tr> <td style="padding:5px 10px 0;"> <span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=2466e8ef03&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">San Diego-based Clearspeed, which offers AI-driven voice-based risk assessment tech for 60+ languages, raised a $60M Series D, taking its total funding to $110M</a></span> <span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Duncan Riley / </span><span class="pub_name">SiliconANGLE</span>)</span> </td> </tr> </table> </div> <div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="story"> <table class="leading_item" style="border-collapse: collapse;"> <tr> <td style="padding:5px 10px 0;"> <span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=d2e6dc46a2&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Bengaluru-based ShopOS, whose AI agents help automate content creation, marketing, and site management for e-commerce brands, raised $20M from 3State Ventures</a></span> <span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="pub_name">Moneycontrol</span>)</span> </td> </tr> </table> </div> <div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="story"> <table class="leading_item" style="border-collapse: collapse;"> <tr> <td style="padding:5px 10px 0;"> <span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=fd97873a99&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Winnipeg-based Conquest Planning, which uses AI to help financial advisors and other clients make decisions, raised an $80M Series B led by Goldman Sachs</a></span> <span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Jon Fingas / </span><span class="pub_name">BetaKit</span>)</span> </td> </tr> </table> </div> <div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="story"> <table class="leading_item" style="border-collapse: collapse;"> <tr> <td style="padding:5px 10px 0;"> <span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=21b9811d1c&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Sources: Applied Compute, a pre-launch reinforcement learning startup founded by three former OpenAI staffers, raised $20M at a $100M valuation led by Benchmark</a></span> <span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Alex Konrad / </span><span class="pub_name">Upstarts Media</span>)</span> </td> </tr> </table> </div> <div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="story"> <table class="leading_item" style="border-collapse: collapse;"> <tr> <td style="padding:5px 10px 0;"> <span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=2ae97f8b25&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Niural, whose AI agents help companies automate payroll, benefits, vendor payments, and compliance, raised a $31M Series A led by Marathon Management Partners</a></span> <span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Ryan Lawler / </span><span class="pub_name">Axios</span>)</span> </td> </tr> </table> </div> <div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="story"> <table class="leading_item" style="border-collapse: collapse;"> <tr> <td style="padding:5px 10px 0;"> <span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=75477d239a&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Spinwheel, which helps fintech companies and banks authenticate users, automate data retrieval, and facilitate payments, raised a $30M Series A led by F-Prime</a></span> <span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Ryan Lawler / </span><span class="pub_name">Axios</span>)</span> </td> </tr> </table> </div> </div> <div class="section" style="margin-top: 12px;"> <div class="section_header uppercase" style="border-bottom: 3px solid #004860;letter-spacing: 1px;color: #004860;font-weight: bold;padding: 4px 10px;text-transform: uppercase;"> more news </div> <div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="first_in_section story"> <table class="leading_item" style="border-collapse: collapse;"> <tr> <td style="padding:5px 10px 0;"> <span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=adb7643933&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Indian digital payments company Pine Labs files for an IPO in India to raise up to ~$304M; source: Pine Labs is seeking a valuation of between $5B and $6B</a></span> <span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Vivek Kumar M / </span><span class="pub_name">Reuters</span>)</span> </td> </tr> </table> </div> <div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="story"> <table class="leading_item" style="border-collapse: collapse;"> <tr> <td style="padding:5px 10px 0;"> <span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=5028db890c&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Sources: Big Fund III, China's main chip fund that has secured only a part of its $48B goal, plans to focus on key shortcomings in lithography and EDA software</a></span> <span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="pub_name">Bloomberg</span>)</span> </td> </tr> </table> </div> <div style="width:100%;border-top:1px solid lightgray;padding:14px 0;background-color:#f4f4f4;" class="story sponsor"> <table class="leading_item" style="width: 100%;border-collapse: collapse;"> <tr> <td style="padding-left:10px;vertical-align:middle;"> <span class="label" style="display: block;color: #686860;font-size: 12px;font-weight: bold;padding: 2px 0;">SPONSOR</span> <span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=cf01e0ef44&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Protecting your Cloud Applications Data</a></span> <span class="excerpt" style="color: black;font-size: 16px;"> — Backing up Office 365, Google Workspace, Dropbox & Box data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.</span> </td> <td style="padding:0 20px 0 15px;vertical-align:middle;text-align:right;"> <a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=1637f38405&e=06cea4a9e4" style="text-decoration: none;"> <img class="sponsor_image" src="https://techmeme.com/simg/idrive-hvnuOGua.png"> </a> </td> </tr> </table> </div> <div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="story"> <table class="leading_item" style="border-collapse: collapse;"> <tr> <td style="padding:5px 10px 0;"> <span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=0493870bfc&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Walmart's Flipkart says about 200M Indian users engaged with social videos and livestreams promoting products on the platform in H1 2025, up from 75M a year ago</a></span> <span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Satviki Sanjay / </span><span class="pub_name">Bloomberg</span>)</span> </td> </tr> </table> </div> <div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="story"> <table class="leading_item" style="border-collapse: collapse;"> <tr> <td style="padding:5px 10px 0;"> <span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=d60920b7c5&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">A look at efforts by Coinbase, Kraken, Robinhood, and other crypto companies to tokenize stocks amid regulatory hurdles and questions about product demand</a></span> <span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Olga Kharif / </span><span class="pub_name">Bloomberg</span>)</span> </td> </tr> </table> </div> <div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="story"> <table class="leading_item" style="border-collapse: collapse;"> <tr> <td style="padding:5px 10px 0;"> <span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=901bd26485&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">As top reporters continue to flock to Substack, subscription fatigue and challenges with building a wide audience pose threats to its long-term success</a></span> <span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Steven Levy / </span><span class="pub_name">Wired</span>)</span> </td> </tr> </table> </div> </div> <div class="footer" style="width:100%;border-top:1px 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