Techmeme
June 23, 2025, 12:05 PM

Top News

Financial Times:
Reuters:
Mark Gurman / Bloomberg:
OpenAI says it has removed all marketing materials announcing its $6.5B acquisition of Jony Ive's io from the web due to a “baseless” trademark dispute lawsuit  —  Social media users noticed Sunday that a video and website hosted by OpenAI that announced the artificial intelligence …
Barbara Moens / Financial Times:
Sources: Apple is locked in last-minute EU negotiations over App Store changes to avoid fines set for this week, and is expected to offer “steering” concessions  —  Tech group must make concessions to comply with Digital Markets Act or be hit by escalating levies from Thursday
MacKenzie Sigalos / CNBC:
Anthony Pompliano's ProCap raised $750M+, including $235M in convertible debt, and is going public via a SPAC; the new firm aims to hold up to $1B in bitcoin  —  The race to create publicly traded bitcoin treasuries is accelerating — and so is the capital pouring in.
Wall Street Journal:
Behind Mark Zuckerberg's sweeping recruitment effort for Meta's new Superintelligence lab, including hundreds of reach outs and $100M+ offers and counter offers  —  In a bid to address an AI crisis at his company, the Meta CEO has gotten personally involved in recruiting top talent
Antonio G. Di Benedetto / The Verge:
Google unveils new Gemini AI features, like select to search, for Chromebook Plus laptops like Lenovo's new $649+ 14" flagship with a MediaTek Kompanio Ultra  —  Features include select-to-search images and on-screen text, smart grouping of tabs and documents, and automated image editing.
Andrew Solender / Axios:
Source: the US House's CAO informed congressional staffers that WhatsApp is now banned on their government devices as the app is deemed “a high-risk to users”  —  The U.S. House's chief administrative officer informed congressional staffers Monday that messaging app WhatsApp …
Prakhar Srivastava / Reuters:
Wealthfront, which uses AI to build investment portfolios, confidentially files for a US IPO; it was valued at $1.4B in 2022 during a failed acquisition by UBS  —  Automated digital wealth management firm Wealthfront Corporation said on Monday it had confidentially filed for a U.S. initial public offering …

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Alexandra Sternlicht / Fortune:

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