Techmeme
June 25, 2025, 3:35 PM

Top News

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 more than 26% 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.
Kate Clark / Bloomberg:
Sources: Kalshi is raising $100M+ led by Paradigm at a $1B+ valuation; Polymarket is completing a $200M+ investment led by Founders Fund at a ~$1B valuation  —  Kalshi Inc., a prediction market that competes with Polymarket, is raising more than $100 million at a valuation that exceeds $1 billion …
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 …
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.
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 …
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.
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
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 …
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.
FinSMEs:
Paraform, which operates a hiring marketplace with AI-powered candidate relationship management and other tools, raised a $20M Series A led by Felicis Ventures  —  Paraform, a San Francisco, CA-based marketplace built for elite recruiters, raised $20M in Series A funding.
Mark Lane / Financial Times:
How AI, AR, and VR tech developed for agriculture, from watering systems to robotic mowers, is trickling down to smaller-scale domestic growers and gardens  —  From laser scarecrows and solar-powered weeding robots to trees bred to capture more carbon, high-tech horticulture is in full germination
Reuters:
New Zealand-based Xero, which offers accounting software for small businesses, agrees to acquire payments software company Melio in a $2.5B+ cash-and-stock deal  —  New Zealand accounting software giant Xero agreed to buy New York payments provider Melio for $2.5 billion, the companies said on Wednesday …

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Aisha Malik / TechCrunch: