Techmeme
July 19, 2025, 5:35 AM

Top News

Bloomberg:
President Trump signs the GENIUS Act, and says the first federal bill to regulate stablecoins will “secure the dollar's status as the world's reserve currency”  —  President Donald Trump signed the first federal bill to regulate stablecoins, hailing it as a “giant step …
Bloomberg:
Eugene Kim / Business Insider:
Stephen Nellis / Reuters:
Microsoft says it will no longer use China-based engineers to provide technical support to the US military, after a ProPublica report raised security concerns  —  Microsoft (MSFT.O) on Friday said it will stop using China-based engineers to provide technical assistance to the U.S. military …
Gian Volpicelli / Bloomberg:
Joel Kaplan says Meta won't sign EU's AI code of practice, calling its guidelines overreach that will throttle development and deployment of AI models in Europe  —  Meta Platforms Inc. said it won't sign the code of practice for Europe's new set of laws governing artificial intelligence …
Sabrina Ortiz / ZDNET:
Adobe updates its Firefly video model and adds a beta Generate Sound Effects tool that can create custom sounds from text prompts and the user's voice  —  Just a year and a half ago, the latest and greatest of Adobe's Firefly generative AI offerings involved producing high-quality images …
Ari Levy / CNBC:
S&P Global says Block will join the S&P 500 on July 23, after announcing Monday that ad tech firm The Trade Desk will also be added; XYZ jumps 9%+ after hours  —  Block shares jumped more than 10% in extended trading on Friday, as the fintech company get set to join the S&P 500, replacing Hess.
Kasha Patel / Washington Post:
Google researchers say Android's early-warning system detected and issued alerts for 1,200+ earthquakes since 2021, sometimes giving up to 15-60 seconds' notice  —  An early-warning system on Android phones has detected more than 1,000 earthquakes worldwide since 2021, sometimes giving people 15 …
Bloomberg:
Sources: at least six of China's biggest VC firms are targeting a combined $2B in new USD-denominated funds to allow overseas investment in Chinese startups  —  China's largest venture capital houses are tapping the market for at least $2 billion in new funds, re-engaging with the country's startups …
Ivan Levingston / Financial Times:
Sources: Vy Capital, which has ~$15B of AUM and is a top backer of Elon Musk's companies, told external investors that it will not raise further outside money  —  Secretive tech investment group has racked up gains after backing companies such as SpaceX and xAI
Eleanor Hawkins / Axios:
Source: the CEO and the chief people officer of Astronomer were put on leave after a video of them cuddling on a kiss cam at a Coldplay concert went viral  —  Astronomer — the software company that made headlines after a video of its CEO Andy Byron and chief people officer Kristin Cabot canoodling …

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More News

Jessica Lyons / The Register:
Dina Bass / Bloomberg:

Earlier Picks

Zac Bowden / Windows Central:
Sidhartha Shukla / Bloomberg:
Osmond Chia / BBC:
Eric Slivka / MacRumors:
Hayden Field / The Verge:
Tom Hals / Reuters: