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July 17, 2025, 8:35 AM
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Debby Wu / Bloomberg:
TSMC reports Q2 net profit up ~60% YoY to ~$13.53B, beating estimates, and forecasts ~30% sales growth in USD terms in 2025, up from mid-20% previously  —  Taiwan Semiconductor Manufacturing Co. raised its outlook for 2025 revenue growth, shoring up investors' confidence in the momentum of the global AI spending spree.
Reuters:
The US House advances a trio of 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 …
Jonathan Greig / The Record:
Google says threat actors are stealing sensitive data from organizations by targeting fully patched, end-of-life appliances from cybersecurity company SonicWall  —  Threat actors are stealing sensitive data from organizations by breaching end-of-life appliances made by cybersecurity company SonicWall.
Natasha Mascarenhas / The Information:
Sources: Anthropic rehires Boris Cherny and Cat Wu, who developed Claude Code, just two weeks after they left for Cursor developer Anysphere  —  In a surprising reversal, two leaders of Anthropic's coding product who joined rival Anysphere two weeks ago have returned to Anthropic, according to people with direct knowledge of the move.
Associated Press:
A Delaware trial for Meta investors' $8B lawsuit against Mark Zuckerberg and other Meta leaders opens over claims tied to the 2018 Cambridge Analytica scandal  —  An $8 billion class action investors' lawsuit against Meta CEO Mark Zuckerberg and company leaders — current and former …
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, with the goal of eliminating static pricing entirely  —  Each passenger has their specific price, and AI is helping Delta find it.  — Delta has a long-term strategy to boost …
Parmy Olson / Bloomberg:
Big Tech acquihiring AI startups, like Meta's Scale AI deal, gives VCs only modest returns compared to traditional exits and may 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 March FOIA request, the US Marshals Service said it held over 28,988 BTC, 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 …
Jake Rudnitsky / Bloomberg:
Swedish AI coding startup Lovable raised a $200M Series A led by Accel at a $1.8B valuation, making it Europe's newest unicorn  —  Lovable, a Swedish artificial intelligence startup that streamlines software development, raised a $200 million fundraising round, making it Europe's newest unicorn.
More: TechCrunch and Forbes
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  —  The chipmaker more than doubled its anticipated job cuts in California, adding to its overall downsizing across four states.
Summer Maxwell / SFGATE:
Location sharing apps like Find My, Snap Map, and Life360 remain popular among Gen Z users, despite concerns about their impact on real-world relationships  —  Teens and 20-somethings are embracing location sharing to see where their friends are instantly.  Is that a bad thing?
More: 9to5Mac.  Forums: r/technology
Elihay Vidal / CTech:
Remagine Ventures: 342 Israeli startups are focused on generative AI in 2025, up by 198 since May 2024, and they have collectively raised $20B+ to date  —  New Remagine Ventures report charts explosive growth and the rise of agentic AI systems.  —  VC  —  Remagine Ventures  —  Generative AI
More: Tech in Asia
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
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  —  The mission?  Teaching models to better understand how to build code will lead to superintelligent AI.
Bloomberg:
Scale AI says it is laying off 200 full-time employees, or ~14% of its global workforce, and will stop working with 500 contractors, after Meta invested $14.3B  —  The AI data-labeling company is laying off 200 full-time employees and will stop working with 500 contractors.
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.

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 8:35 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

Brian Steinberg / Variety:
Major brands were replaced by direct-response advertisers during commercial breaks of CBS News' December 13 town hall with Erika Kirk, moderated by Bari Weiss

Kanis Leung / Associated Press:
Apple Daily founder Jimmy Lai is found guilty of colluding with foreign forces and conspiring to publish seditious articles, and faces a possible life sentence

Aidan Ryan / The Boston Globe:
The Boston Globe says Brian McGrory will return as editor, after Nancy Barnes' departure at the end of 2025; McGrory previously was editor from 2012 to 2023

More News

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
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

Earlier Picks

Jordan Novet / CNBC:
OpenAI says it will use the Google Cloud Platform for ChatGPT and its API, adding it to a list of suppliers that also includes Microsoft, CoreWeave, and Oracle
Shaurya Malwa / CoinDesk:
Crypto exchange BigONE confirms a $27M hack from a hot wallet exploit, plans to repay users, and is working with security firm SlowMist to trace stolen assets
Leo Schwartz / Fortune:
NYC-based Talos, which develops digital asset trading infrastructure, acquires Boston-based blockchain data provider Coin Metrics, a source says for $100M+
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
Aisha Malik / TechCrunch:
Google Search's AI Mode gets Gemini 2.5 Pro and new deep research capabilities; Google expands its AI-powered business calling feature to all users in the US
Jordan Robertson / Bloomberg:
Europol and Eurojust disrupt pro-Russian hacktivist group NoName057(16) that has claimed responsibility for 1,000+ DDoS attacks since 2022, and make two arrests
Mauro Orru / Wall Street Journal:
ASML CEO Christophe Fouquet says “while we still prepare for growth in 2026, we cannot confirm it”, after Trump threatened 30% tariffs on the EU; ASML falls 11%
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