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July 17, 2025, 10:50 AM
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Debby Wu / Bloomberg:
TSMC reports Q2 net income up 61% YoY to ~$13.5B, beating est. every quarter since 2021, and raises its 2025 sales growth guidance in USD from mid-20% to 30%  —  Taiwan Semiconductor Manufacturing Co. raised its outlook for 2025 revenue growth, shoring up investors' confidence in the momentum of the global AI spending spree.
Nikkei Asia:
TSMC CEO C.C. Wei says the company is speeding up construction of its second and third Arizona plants “by several quarters” to meet chip demand from US clients  —  TOKYO — Taiwan Semiconductor Manufacturing Co. says it is speeding up construction of its second and third plants in Arizona …
Jonathan Greig / The Record:
Google says threat actors are breaching fully patched, end-of-life cybersecurity company SonicWall's appliances and stealing sensitive data from organizations  —  Threat actors are stealing sensitive data from organizations by breaching end-of-life appliances made by cybersecurity company SonicWall.
Reuters:
The US House votes to advance three crypto bills following over nine hours of private talks on July 16, a day after President Trump intervened to save the bills  —  The Republican-controlled U.S. House of Representatives cleared key procedural hurdles on crypto legislation on Wednesday …
Reuters:
Meta shareholders suing Mark Zuckerberg and Meta leaders over Facebook's Cambridge Analytica privacy violations reach a settlement deal, ending an $8B trial  —  The settlement ends a $8 billion trial over Facebook's user privacy violations.
Sarah Perez / TechCrunch:
Jack Dorsey invests $10M in “and Other Stuff”, a nonprofit focused on funding open-source projects and tools built on open protocols like Nostr and ActivityPub  —  Twitter co-founder and Block CEO Jack Dorsey isn't just vibe-coding new social apps, like Bitchat and Sun Day …
Parmy Olson / Bloomberg:
Big Tech's acquihires of AI startups, like Meta's $14.3B Scale AI deal, leaves investors with modest or no returns and may further entrench Big Tech's dominance  —  Meta and Google's AI talent grab may lead to more sustainable tech companies.  —  If you're a venture capitalist …
Daniel Kuhn / The Block:
In response to a FOIA request, the US Marshals Service said it held 28,988+ BTC as of March, worth ~$3.4B at current prices, far fewer than previously believed  —  - The U.S. Marshals Service reportedly holds slightly over 28,988 BTC, worth about $3.4 billion, as of March …
Andrew J. Hawkins / The Verge:
Uber plans to make “multi-hundred-million dollar investments” in Nuro and Lucid and aims to deploy “20,000 or more” robotaxis in the US over the next six years  —  The companies plan to launch 20,000 robotaxis in the US over the next six years, starting with the first city in 2026.
Jay Peters / The Verge:
Roblox taps Persona to estimate users' ages and verify they are 13+, renames Friends to Connections, and says only users over 13 can message Trusted Connections  —  Teens will have to prove they are older than 13 to make ‘Trusted Connections’ they can chat more freely with.
Irina Ivanova / Fortune:
Delta plans for 20% of its fares to be individually determined using AI by the end of 2025, up from ~3% now, and has a goal to eliminate static pricing entirely  —  Each passenger has their specific price, and AI is helping Delta find it.  — Delta has a long-term strategy to boost …
Natasha Mascarenhas / The Information:
Sources: Anthropic rehires Boris Cherny and Cat Wu, who developed Claude Code, just two weeks after they left for more senior roles at Cursor maker Anysphere
Wall Street Journal:
Samsung Electronics Chair Jay Y. Lee wins a full reprieve from South Korea's Supreme Court in a protracted fight over fraud and stock manipulation allegations  —  South Korea's Supreme Court upholds acquittal for Lee Jae-Yong at a sensitive moment for the tech conglomerate
Li Yuan / New York Times:
Chinese game Revenge on Gold Diggers, one of the most popular and contentious video games in the country, sparks a debate over misogyny and male resentment  —  A popular and contentious game, Revenge on Gold Diggers, sheds light on misogyny, inequality and the feeling among many men that they are economic victims.
New York Times:
Substack raised $100M Series C from Chernin Group, a16z, and others, sources say at a $1.1B valuation, as it builds a social network and focuses on advertising  —  Substack, originally a newsletter service, says its app now has millions of users interacting with its creators.
Demetri Sevastopulo / Financial Times:
The US FCC aims to introduce a ban on companies that use certain Chinese tech and equipment from building submarine communication cables connecting to the US  —  New rule aims to end vulnerability in communications infrastructure after attack on American telecoms

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 10:50 AM ET, July 17, 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.

From Mediagazer

Reuters:
Australia says it will ban gambling ads featuring celebrities and limit online gambling ads to logged-in users over 18 starting in 2027

Sara Fischer / Axios:
Versant buys StockStory, an AI-powered service that generates reports with investment advice to support CNBC; PitchBook: the startup has raised $3.2M since 2020

Corbin Bolies / The Wrap:
CBS News 24/7's 60-person union has reached a tentative three-year contract deal with the network after a 24-hour walkout on March 17

More News

Chainalysis:
In H1 2025, hackers stole $2.17B+ from crypto services, including the DPRK's record $1.5B Bybit hack, surpassing all of 2024 and up 17% on H1 2022
Moneycontrol:
Perplexity is offering a free one-year Perplexity Pro subscription, normally $20/month, to 360M users of Bharti Airtel, India's second-largest telecom operator

Earlier Picks

Naga Avan-Nomayo / The Block:
Coinbase rolls out the Base App, rebranding its Coinbase Wallet as an “everything app” that combines social networking, mini-apps, chat, payments, and trading
Nathan Owens / Manufacturing Dive:
Filing: Intel is laying off 5,000+ employees across California, Oregon, Texas, and Arizona; California cuts affect 1,935, more than double the initial estimates
Will Knight / Wired:
Reflection, co-founded by ex-Google researchers, unveils Asimov, an AI agent that reads a company's codebase, docs, and more to help software engineering teams
Shaurya Malwa / CoinDesk:
Crypto exchange BigONE confirms a $27M hot wallet hack, says it will “cover all losses”, and is working with security firm SlowMist to trace the stolen assets
Chris Welch / Bloomberg:
Google announces a Pixel event for August 20 in NYC, with the Pixel 10, Pixel 10 Pro, Pixel 10 Pro XL, Pixel 10 Pro Fold, and the 4th-gen Pixel Watch expected
Rachyl Jones / Semafor:
AWS rolls out Amazon Bedrock AgentCore in preview to help businesses deploy and operate AI agents that analyze internal data, write code, and handle other tasks
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