Techmeme
July 4, 2025, 11:05 PM

Top News

KBKG:
President Trump signs the One Big Beautiful Bill, which allows immediate deduction of US software labor; foreign R&D still must be amortized over 15 years  —  Today, the House passed the Senate's version of the “One Big Beautiful Bill Act” (OBBBA), marking a significant overhaul to federal tax policy.
Jordan Blum / Fortune:
Bloomberg:
Daniel Gross leaves Safe Superintelligence, the AI startup he co-founded with Ilya Sutskever, to join Meta's new superintelligence lab and work on AI products  —  Daniel Gross, the former chief executive officer and co-founder of artificial intelligence startup Safe Superintelligence Inc. …
Nikkei Asia:
Sources: Samsung is delaying the completion of its Texas fab due to a lack of customers; the plant was meant to come online in 2024, but has been pushed to 2026  —  SEOUL/TAIPEI — Samsung Electronics is delaying completion of a semiconductor factory in the U.S. state of Texas …
Foo Yun Chee / Reuters:
The European Commission says it won't pause the rollout of its AI Act, after Alphabet, Meta, Mistral, ASML, and others urged the EU to delay the rules by years  —  The European Union's landmark rules on artificial intelligence will be implemented according to the timeline agreed by legislators …
Brian O'Donovan / RTÉ:
Meta says it backs proposals for an EU-wide age of digital adulthood, below which minors would need parental consent to use social media, calling it “effective”  —  Meta, the parent company of Facebook, Instagram and WhatsApp, has said it supports proposals for a common digital majority age across EU member states.
Foo Yun Chee / Reuters:
Doc: UK's Independent Publishers Alliance files an antitrust complaint with EU and the UK CMA against Google, alleging misuse of web content for AI Overviews  —  Alphabet's (GOOGL.O) Google has been hit by an EU antitrust complaint over its AI Overviews from a group of independent publishers …
Charlie Savage / New York Times:
FOIA docs: the Trump administration claimed broad authority to nullify laws in letters to tech firms releasing them of legal liability related to the TikTok ban  —  In purporting to license otherwise illegal conduct by tech firms, President Trump set a precedent expanding executive power, legal experts warned.
Salvador Rodriguez / CNBC:
Matt Levine / Bloomberg:
As companies like SpaceX, Stripe, and OpenAI stay private longer, tokenized stocks on blockchains offer a way for the public to access lucrative private markets  —  Also BlackRock and privates, Vanguard and privates, the Paramount settlement and Enron 2.0.  —  ‘Tokenization’
Arjun Kharpal / CNBC:
Counterpoint Research: iPhone sales in China grew 8% YoY in Q2 2025, boosted by discounts, the first time Apple has recorded growth in China since Q2 2023  —  Apple iPhone sales in China rose in the second quarter of the year for the first time in two years, Counterpoint Research said …

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Earlier Picks

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Will Oremus / Washington Post:
Cameron Faulkner / The Verge: