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Techmeme
July 7, 2025, 1:00 PM
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The Guardian:
After Elon Musk unveiled the America Party, a new US political party, President Trump called Musk a “TRAIN WRECK” fueled by discontent over EV subsidies ending  —  US president railed against his former adviser online after tech billionaire said he will start and bankroll America party
Juli Clover / MacRumors:
Apple appeals the EU's €500M DMA fine, levied in April 2025 over its App Store steering rules, claiming the decision goes “far beyond what the law requires”  —  Apple is appealing the 500 million euro ($570 million) fine that it is facing in the European Union for allegedly violating the Digital Markets Act.
Dana Wollman / Bloomberg:
CoreWeave says it has agreed to acquire bitcoin miner Core Scientific in a ~$9B all-stock deal, set to close in Q4 2025, to expand its AI data center capacity  —  The transaction values Core Scientific's stock at $20.40 per share, according to a statement from CoreWeave on Monday.
Bloomberg:
Paris-based Capgemini plans to acquire US-listed IT outsourcing company WNS for $3.3B in cash, seeking to boost its agentic AI services; WNS serves 600+ clients  —  The French group said it will take over the US-listed firm for $76.50 per share, a premium of about 28% to WNS's average price over the past 90 days.
Zac Bowden / Windows Central:
Stat Counter: Windows 11 had a 50.9% share of the Windows market on July 4, ahead of Windows 10's 46.2%; the OS, released in 2021, only had a <10% share in 2022  —  After four years on the market, Windows 11 has finally surpassed Windows 10 to become the most dominant desktop OS platform in the world.
Sri Muppidi / The Information:
OpenAI told investors stock compensation jumped over 5x last year to $4.4B, or 119% of total revenue for that period but expects it to drop to under 10% by 2030  —  OpenAI has signaled it will hike pay for some employees in the wake of a raid by Meta Platforms on its artificial intelligence researchers.
Dan Primack / Axios:
PE firm TPG completes its $7.6B acquisition of the remaining 70% stake in DirecTV from AT&T, marking AT&T's exit from media  —  Private equity firm TPG completed its $7.6 billion purchase of the 70% stake it didn't already hold in DirecTV from AT&T.
More: TVNewsCheck
Kevin Breuninger / CNBC:
President Trump announces 25% tariffs on Japan and South Korea, starting August 1  —  - CNBC Councils  — CNBC on Peacock  — Join the CNBC Panel  — Supply Chain Values  — Select Shopping  — Ad Choices  — News Tips  —  Got a confidential news tip?  We want to hear from you.
Emma Jacobs / Financial Times:
On-the-job learning in fields like law and banking faces a double threat: hybrid work limiting juniors' time with seniors and Gen AI cutting many routine tasks  —  Employers will have to be more deliberate in the training they offer junior staff  —  Jamie Dimon is unequivocal about the impact …
Dominic-Madori Davis / TechCrunch:
An analysis of Crunchbase and PitchBook data: in 2025 so far, 36+ tech startups hit a $1B+ valuation, including seven in June, six in May, and four in April  —  With AI igniting an investor frenzy, every month, more startups obtain unicorn status.  —  Using data from Crunchbase and PitchBook …

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From Mediagazer

Daniel Thomas / Financial Times:
Sky agrees to acquire ITV's TV business for £1.6B, uniting the UK's two largest commercial broadcasters; ITV says shareholders will receive £950M from the deal

Alex Ritman / Variety:
AI-focused studio Particle 6 plans a full-length feature film to be led by the AI “actor” Tilly Norwood, as a hybrid production using film and TV professionals

Lucas Shaw / Bloomberg:
Sources: Netflix is studying its data to see why viewers quit its shows after S1, with some shows seeing a 30%-70% S2 drop, as it faces a quarter without hits

More News

Ben Cohen / Wall Street Journal:
How the US government debuted a revamped online system in September 2024 that simplifies passport renewal; the system is already handling nearly 50% of renewals

Earlier Picks

Myles Miller / Bloomberg:
A look at the US Secret Service's GIOC, which sources say has seized nearly $400M in digital assets over the past decade via crypto scam investigations globally
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