Techmeme
August 3, 2025, 4:20 AM

Top News

Allie Garfinkle / Fortune:
The Marin Community Foundation sold 13.4M+ Figma shares for $440M+ in the IPO; source: the foundation had received the shares from Figma co-founder Evan Wallace  —  As Figma went public this week to much fanfare—and an almost instantaneous 250% stock pop—quite a few folks from Silicon Valley made money.
X: @ajs
Anthony Ha / TechCrunch:
Lina Khan cites Figma IPO as vindication of M&A scrutiny, saying letting startups grow independently, rather than be acquired, can generate “enormous value”  —  A surprising figure is celebrating Figma's successful IPO: Lina Khan, former chair of the Federal Trade Commission.
Wall Street Journal:
Sources: the researcher who declined Zuckerberg's offer of a $1.5B+ package over six years is Thinking Machines co-founder and ex-Meta staffer Andrew Tulloch  —  The loyalties and larger-than-life figures prompting some people to turn down insanely lucrative offers in Silicon Valley right now
Kai Schultz / Bloomberg:
Internal documents and sources detail how Cambodia's Huione Group supercharged the growth of Asia's cyberscam industry into a multi-billion dollar behemoth  —  The US Treasury says this Cambodian conglomerate has laundered at least $4 billion for clients including North Korean hackers and transnational crime groups.
Salvador Rodriguez / CNBC:
An in-depth look at the rise of relationships between humans and AI companion chatbots on apps like Nomi, coinciding with a loneliness epidemic in the US  —  Nikolai Daskalov lives alone in a small house in rural Virginia.  His preferred spot is a brown suede recliner in the middle …
Zack Abrams / The Block:
Arkham Intelligence claims to have uncovered a previously undisclosed heist of 127,426 BTC, now worth ~$14.5B, from Chinese mining pool LuBian in December 2020  —  - Blockchain analytics platform Arkham Intelligence claims to have uncovered a heist of 127,426 BTC, now worth nearly $14.5 billion, from a Chinese mining pool in 2020.
Debby Wu / Bloomberg:
Foxconn partners with Taiwan-based Teco for AI servers and other AI data center hardware, taking a 10% stake, while Teco gets a less than 1% stake in Foxconn  —  Hon Hai Precision Industry Co. formed a strategic alliance with Teco Electric & Machinery Co., a pact that should help …
Washington Post:
How Palantir has benefited since President Trump took office, securing new and expanded government contracts and becoming the S&P's top-performing stock of 2025  —  From warfighting and tracking deportations to writing State Department cables with AI, the company is benefiting …

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More News

Mayank Parmar / BleepingComputer:
Jonathan Greig / The Record:
Bloomberg:

Earlier Picks

Carl Franzen / VentureBeat: