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July 17, 2025, 9:35 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 …
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 …
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.
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 …
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
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
Associated Press:
The 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 …
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 …
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
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  —  Google is rolling out an agentic AI-powered business-calling feature to all users in the United States, the company announced on Wednesday.
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 …
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.
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
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
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  —  Key findings  —  Stolen funds  — With over $2.17 billion stolen from cryptocurrency services so far in 2025, this year is more devastating than the entirety of 2024.
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.
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.
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.

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 9:35 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

Ted Johnson / Deadline:
In a memo to CBS News staff, Bari Weiss and Tom Cibrowski announce layoffs; source: cuts will affect about 6% of staff, or around 60 to 70 employees

The Hollywood Reporter:
Nexstar says it has closed its Tegna acquisition after the DOJ and FCC approved it; CEO Perry Sook says Nexstar is grateful to Trump and the FCC's Brendan Carr

Benjamin Mullin / New York Times:
In an interview, Jonah Peretti discusses using subscriptions to AI products, events, the sale of some of BuzzFeed's assets, or a joint venture to save BuzzFeed

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

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
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
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
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