Techmeme
July 1, 2025, 10:55 PM

Top News

Zoë Schiffer / Wired:
Sam Altman said in a memo to staff, “missionaries will beat mercenaries” and “I believe there is much, much more upside to OpenAI stock than Meta stock”  —  “What Meta is doing will, in my opinion, lead to very deep cultural problems,” said CEO Sam Altman in a leaked memo sent to OpenAI researchers.
Zoë Schiffer / Wired:
Source: Mark Zuckerberg has, on 10+ occasions, offered to pay AI research talent up to $300M over four years, with $100M+ in compensation for the first year  —  The Meta CEO is leading a hiring blitz, offering top talent at OpenAI eye-watering pay packages and endless access to cutting-edge chips.
Jordan Novet / CNBC:
Figma files for an IPO, plans to trade on the NYSE under FIG, and reports Q1 revenue increased 46% YoY to $228.2M and net income grew from $13.5M to $44.9M YoY  —  Design software company Figma filed for an IPO on Tuesday, and plans to trade on the New York Stock Exchange under ticker symbol “FIG.”
Bloomberg:
The Senate votes 99-1 to remove a Trump tax bill provision that would have barred states from regulating AI if they got funding from a $500M broadband program  —  The Senate killed a controversial effort to prevent US states from regulating artificial intelligence, marking a loss …
Maxwell Zeff / TechCrunch:
Cloudflare debuts “Pay per Crawl”, a marketplace that lets sites charge AI crawlers per crawl; new sites using Cloudflare will now block AI crawlers by default  —  Cloudflare, a cloud infrastructure provider that serves 20% of the web, announced Tuesday the launch of a new marketplace …
Tabby Kinder / Financial Times:
Sources: Palmer Luckey is preparing to launch Erebor, a US bank backed by Joe Lonsdale and other tech investors to serve startups, including crypto businesses  —  Start-up named after the dragon's mountain in ‘Lord of the Rings’  —  A group of tech billionaires led by Palmer Luckey …
Kurt Wagner / Bloomberg:
X will start to publish Community Notes written by AI agents; developers will soon be able to submit their own “fact-checking” AI agents for review  —  Elon Musk's X will start to publish Community Notes written by artificial intelligence agents, a move to increase the speed …
Bloomberg:
Nothing unveils the $799 Phone 3, with a 6.7" AMOLED display, Snapdragon 8s Gen 4 chip, three 50MP rear cameras, and the $299 Headphone 1, both shipping July 15  —  The five-year-old company, known for its bold designs, unveiled the Phone 3 and a pair of similarly quirky headphones.
The Information:
Sources: Anthropic's revenue hit a pace of $4B/year, up almost 4x from the beginning of 2025; Cursor maker Anysphere has poached two of Claude Code's leaders  —  Anysphere, the maker of Cursor, an artificial intelligence-powered coding app, has hired two leaders of Anthropic's competing coding product …
Emma Roth / The Verge:
Threads launches DMs for users aged 18 and older, without support for E2EE, and announces a “highlighter” feature to emphasize trending topics  —  For now, you can only send DMs to your followers on Threads or mutual followers on Instagram. … Threads has officially launched direct messaging for everyone.
Krystal Hu / Reuters:
Grammarly acquires email startup Superhuman as part of a push to diversify and build an AI productivity suite; Superhuman was valued at $825M in August 2021  —  Grammarly has acquired email efficiency tool Superhuman as part of the company's push to build an artificial intelligence-powered productivity suite …
Allie Garfinkle / Fortune:
Ambrook, a startup providing specialized accounting software for US farmers and ranchers, raised a $26.1M Series A led by Thrive Capital and Figma's Dylan Field  —  Ambrook cofounders Dan Schlosser, Mackenzie Burnett, and Jeff Anders.  —  AMBROOK  —  When I meet Chase Crandall, he's putting up a barbed wire fence.

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More News

Emma Roth / The Verge:
Avery Lotz / Axios:

Earlier Picks

Marina Temkin / TechCrunch:
Ethan Baron / SiliconValley.com:
Miles Kruppa / The Information:
Benjamin Mayo / 9to5Mac: