Techmeme
June 25, 2025, 4:30 PM

Top News

Kate Clark / Bloomberg:
Kalshi raised $185M led by Paradigm at a $2B valuation; sources: Polymarket is completing a $200M+ investment led by Founders Fund at a ~$1B pre-money valuation  —  Kalshi Inc., a prediction market that competes with Polymarket, said it has raised $185 million at a valuation of $2 billion.
Maxwell Zeff / TechCrunch:
Google launches Gemini CLI, an agentic AI tool that lets developers make natural language requests in terminals by connecting Gemini models to local codebases  —  Google is launching a new agentic AI tool that will put its Gemini AI models closer to where developers are already coding.
Samantha Subin / CNBC:
Bumble plans to lay off 30% of its workforce, or ~240 roles, and invest the up to $40M saved annually into new product and tech development; BMBL jumps 15%+  —  Bumble shares rallied 25% on Wednesday after the dating app company revealed in a securities filing that it intends to slash 30% of its workforce, or about 240 roles.
Antonio Regalado / MIT Technology Review:
Google DeepMind unveils AlphaGenome, an AI tool to predict the effects of DNA changes on molecular processes, available via an API for non-commercial research  —  When scientists first sequenced the human genome in 2003, they revealed the full set of DNA instructions that make a person.
Mike Rogoway / Oregonian:
Leaked memo: Intel will shut down its automotive business and lay off “most” employees working in the unit, the latest step in Intel's downsizing  —  Intel will shut down its small automotive business and lay off the majority of the workers in that segment, the latest step in the chipmaker's dramatic downsizing.
Financial Times:
As Apple rolls out CarPlay Ultra, many carmakers are developing their own infotainment systems in hopes of generating more revenue from in-car services and data  —  CarPlay Ultra rollout comes as auto groups are introducing their own infotainment systems Apple is facing pushback …
404 Media:
License plate reader company Flock has stopped US agencies from accessing cameras in CA, IL, and VA after reports of lookups related to ICE and an abortion case  —  Following 404 Media's reporting and in light of new legislation, automatic license plate reader (ALPR) company Flock …
Stephen Katte / Cointelegraph:
Coinbase says it played a “key role” in the US Secret Service's seizure of $225M linked to crypto investment scams, and Tether burned the $225M in frozen USDT  —  Coinbase says it helped the US Secret Service seize $225 million in crypto allegedly stolen by scammers, the largest crypto seizure in the agency's history.
Andrew Liszewski / The Verge:
Fairphone announces the €599 Fairphone 6, with a 6.31" 120Hz LTPO OLED, a Snapdragon 7s Gen 3 chip, 8GB of RAM, and enhanced modularity via 12 swappable parts  —  The repairable smartphone is now even more modular with new accessories that expand its functionality.
Rebecca Bellan / TechCrunch:
Getty Images drops its primary claims of copyright infringement against Stability AI in UK court but continues to pursue other claims and a separate US lawsuit  —  Getty Images dropped its primary claims of copyright infringement against Stability AI on Wednesday at London's High Court …
Olivia Sophie Rafferty / ai fray:
More: The Verge, Reuters, 404 Media, eWeek, Washington Post, Simon Willison's Weblog, The Guardian, Business Insider, US District Court, Music Business Worldwide, Ars Technica, The Register, Deadline, CNBC, Publishers Weekly, PC Gamer, Tech Xplore, Information Age, Business Today, CMU, Digital Music News, Reclaim The Net, Shelly Palmer, Music Ally, Digit, Bloomberg Law, Windows Report, TechSpot, Decrypt, JURISTnews, WinBuzzer, MEDIANAMA, Stratechery, Associated Press, NBC News, Wired, 80 Level, Wall Street Journal, Engadget, The Information, Fast Company, Android Headlines, SFist, SiliconANGLE, Semafor, Al Jazeera, PCMag, The American Bazaar, IPWatchdog.com, Sherwood News, Pivot to AI, Barron's Online, nextbigwhat, Truth on the Market, The Decoder, and Bloomberg Law
Threads: @bilawal.ai and @marcslove
Emma Roth / The Verge:
Sam Altman posts a series of his exchanges with founder of iyO Jason Rugolo, before and after OpenAI's io deal; Rugolo responded he just wants to compete fairly  —  The court of public opinion does not resolve trademark disputes. … OpenAI CEO Sam Altman has put a spotlight …
Yuliya Chernova / Wall Street Journal:
OpenRouter, which directs prompts to LLMs based on factors like cost and speed, raised $40M across a seed and Series A; source: the startup is valued at ~$500M  —  The startup, now valued at about $500 million, directs artificial-intelligence prompts to various large language models based on cost, speed and other factors
Hilary Milnes / Vogue Business:
Daydream, which raised a $50M seed in June 2024 to build a generative AI shopping agent for fashion, launches in beta, with an app expected later this summer  —  Founder Julie Bornstein raised $50 million last year to create the ultimate AI shopping experience.  Today, it launches in beta.

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Featured Podcasts

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Earlier Picks

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RT Watson / The Block:
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