Techmeme: A look at Meta's recent hires for its nascent superintelligence unit, including Pei Sun, who developed two generations of Waymo's perception models (Rachyl Jones/Semafor)

Top News

Source: an ongoing outage at IT giant Ingram Micro is caused by a ransomware attack from SafePay, which has become one of the more active operations of 2025 — An ongoing outage at IT giant Ingram Micro is caused by a SafePay ransomware attack that led to the shutdown of internal systems, BleepingComputer has learned.

More: Graham Cluley. Bluesky: @bamabelleng. Forums: r/msp

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.

More: Supply Chain Dive, Axios, Bloomberg, ABC, and Fortune

Bluesky: @eva.computer, @eva.computer, @unormal, and @ianlandsman.com. Mastodon: @carnage4life@mas.to

X: @sprice, @ankurnagpal, @patrickfianagan, @deedydas, @einarvollset, @whitehouse, @newatlantissun, @nominalthoughts, @gkedzierski, @michaelminard13, @indian_bronson, @patrickfianagan, and @ericadyork. Forums: Hacker News

Shirin Ghaffary / Bloomberg:

The term “superintelligence” is becoming increasingly popular among AI leaders, even as many in the industry question whether it is ill-defined and overhyped — A new AI buzzword is picking up speed in Silicon Valley. — But first.... AGI inflation

More: Forbes and The Economic Times

X: @scobleizer. LinkedIn: Anne Collier

Jesse Coghlan / Cointelegraph:

House GOP leaders announce a regulatory Crypto Week from July 14 to July 18 to consider three key crypto bills, including the Senate-led GENIUS Act — US Republican leaders say the House will look to pass bills on stablecoins, crypto market structure and CBDCs in mid-July in what they've dubbed “Crypto Week.”

More: CryptoSlate, Cmte Financial Services …, The Daily Hodl, CryptoNinjas, Bitcoin Insider, Inside Bitcoins, DL News, CryptoPotato, The Crypto Basic, Blockonomi, The Defiant, Blockchain News, crypto.news, Coinspeaker, Coinpedia Fintech News, CoinGape, The Crypto Times, and Cryptopolitan

Olga Kharif / Bloomberg:

Over the past year, long-time Bitcoin whales have been selling off their holdings, leading to a reshaping of the market as institutions increase their buying — A silent transfer of control is reshaping the $2.1 trillion Bitcoin market. — A steady stream of sales by long-time whales …

More: BeInCrypto, Bitcoinist.com, Türkiye Today, Coinpedia Fintech News, CryptoPotato, and The Coin Republic

Shaurya Malwa / CoinDesk:

Two dormant Bitcoin wallets, each holding 10,000 “Satoshi era” BTC since 2011, transferred the coins to new wallets using a modern, lower-fee address format — All of these moved coins are among the rarest class of BTC: mined or transacted during the “Satoshi era,” …

More: Tom's Hardware, Cointelegraph, CoinDesk, The Crypto Times, CoinGape, Coinpedia Fintech News, Blockchain.News, Bitcoin Insider, CryptoPotato, Protos, crypto.news, ZyCrypto, BeInCrypto, The Defiant, Coinspeaker, and CryptoSlate

Bluesky: @khakhalin. Forums: r/CryptoCurrency

Rachyl Jones / Semafor:

A look at Meta's recent hires for its nascent superintelligence unit, including Pei Sun, who developed two generations of Waymo's perception models — Meta's new hires offer a glimpse into its nascent superintelligence unit, aimed at making the social media company's AI capabilities more competitive with industry leaders.

More: CNBC and Tech Times. X: @signulll

MacKenzie Sigalos / CNBC:

A look at the annual Ethereum Community Conference, or EthCC, Ethereum's flagship European event, held in Cannes this year to showcase the network's growth — CANNES — Wall Street's new plumbing is being built on Ethereum and this week its architects took over the same French Riviera villas …

Forums: r/ethtrader

Debby Wu / Bloomberg:

Foxconn reports Q1 revenue up 15.8% YoY to ~$62B, driven by strong demand for iPhones and AI servers powered by Nvidia chips, meeting analysts' expectations — Revenue totaled NT$1.8 trillion ($62 billion) in the three months to June, largely in line with analysts' expectations, results showed Saturday.

More: Reuters, Focus Taiwan, and iClarified. Forums: MacRumors Forums

Joshua Nevett / BBC:

UK minister instructs the Turing AI institute, which has lately focused on responsible AI and ethics, to prioritize national security and defense instead — Science and Technology Secretary Peter Kyle has written to the UK's national institute for artificial intelligence (AI) to tell its bosses to refocus on defence and security.

More: The Guardian. Mastodon: @carnage4life@mas.to. X: @ersatzben. Forums: Slashdot

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 …

More: TechCrunch, Moneycontrol, Benzinga, The Verge, PYMNTS.com, SiliconANGLE, iPhone in Canada, MarketWatch, New York Post, Cryptopolitan, The Decoder, Android Headlines, Press Gazette, WinBuzzer, Nairametrics, and MediaPost

Bluesky: @carnage4life and @fabiochiusi. Mastodon: @1br0wn@eupolicy.social

LinkedIn: Angela Mills Wade, Chris Dicker, and Alix Dunn

Ryan Gould / Bloomberg:

Blackstone acquires Vista Equity Partners' minority stake in event software company Cvent, sources say for $1.3B; Blackstone acquired Cvent for $4.6B in 2023 — Blackstone is acquiring Vista's stake in Cvent for $1.3 billion, according to people familiar with the matter …

More: Washington Business Journal and Verdict

Dan Primack / Axios:

PitchBook: AI startups received 53% of all global VC dollars invested in H1 2025, rising to 64% in the US, and accounted for 29% of all global startups funded — Artificial intelligence is eating venture capital. Or at least its dollars. … - That percentage jumps to 64% in the U.S.

More: The French Tech Journal and VCCircle

Ben Geman / Axios:

Emerald AI, whose software lets AI data centers flexibly adjust power consumption, raised a $24.5M seed led by Radical Ventures, with NVentures participating — AI giant Nvidia and boldface names in tech and finance are backing a new startup that aims to transform data centers into flexible grid assets instead of liabilities.

More: NVIDIA, Motley Fool, arXiv.org e-Print archive, Latitude Media, E&E News, VC News Daily, Emerald AI, Pulse 2.0, FinSMEs, and RCR Wireless News

LinkedIn: Yvonne Likomanova, Rob Toews, and Varun Sivaram

Sponsor Posts

Google:

Try Gemini 3 Pro — Google's newest and most intelligent AI model that helps you bring any idea to life

Shopify:

Shopify's new AI commerce stack — Their VP of Product digs into just-launched products to help entrepreneurs and developers build with the latest AI and tech.

Zoho:

Email fatigue is real: Here's how smart email tools help you regain control — Picture this: It's Monday morning. You walk into the office feeling energized and ready to take on the week.

IDrive:

Protecting your Cloud Applications Data — Backing up Office 365, Google Workspace, Dropbox & Box data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.

Sponsor Techmeme

Featured Podcasts

Uncapped with Jack Altman:

Saam Motamedi from Greylock Partners

Conversations with people I admire about things I'm genuinely interested in.

Subscribe to Uncapped with Jack Altman.

Invest Like the Best:

Henry Ellenbogen - Man Versus Machine

The leading destination to learn about business and investing. We do this by showcasing exceptional talent and ideas.

Subscribe to Invest Like the Best.

Grit:

How Evan Spiegel Is Building the Future of Computing

Grit explores what it takes to create, build and scale world-class organizations.

Subscribe to Grit.

Acquired:

10 Years of Acquired (with Michael Lewis)

Learn the playbooks that built the world's greatest companies - and how you can apply them as a founder, operator, or investor.

Subscribe to Acquired.

Lenny's Podcast:

Why humans are AI's biggest bottleneck (and what's coming in 2026) | Alexander Embiricos (OpenAI Codex Product Lead)

Interviews with world-class product leaders and growth experts to uncover actionable advice to help you build, launch, and grow your own product.

Subscribe to Lenny's Podcast.

Tools and Weapons with Brad Smith:

Ted Sarandos: Netflix and how tech changed storytelling

Microsoft Vice Chair and President Brad Smith speaks with leaders in government, business, and culture to explore the most critical challenges at the intersection of technology and society.

Subscribe to Tools and Weapons with Brad Smith.

Add your podcast here

About This Page

This is a Techmeme archive page. It shows how the site appeared at 1:50 PM ET, July 5, 2025.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.