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August 3, 2025, 4:20 AM
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| 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.
More: Business Insider, Wall Street Journal, and Yahoo Finance
Mastodon: @SuffolkLITLab@esq.social. X: @linamkhan, @asglidden, @pascalthibeault, @negrolibre1, @balajis, @balajis, @krishnanrohit, @silvermanjacob, @krishnanrohit, @adityaag, and @matthewstoller. LinkedIn: Yuliya Chernova. Forums: Hacker News
| 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
More: Times of India, Spyglass, Livemint, and Financial Express
Bluesky: @rightardia. Mastodon: @jackhutton@mstdn.social. Threads: @tomwarrenuk. X: @kyliebytes, @asynccollab, @yuchenj_uw, @dorialexander, @object_zero_, @__paleologo, @kyliebytes, and @nearlydaniel
Forums: r/singularity, r/technology, and r/usyd
| Himanshi Lohchab / The Economic Times: |
Xpheno: Meta, Amazon, Apple, Microsoft, Netflix, Google, and their affiliates grew their combined India headcount by 16% over the past year, adding 28K+ jobs — Despite global layoffs, FAAMNG companies are expanding their India headcount, growing by 16% in the past year, driven by demand for AI, cloud, and cybersecurity skills.| 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.
More: The Crypto Times
| 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 …
X: @justalexoki, @helentheauthor, @stardustbunney, @drjenwolkin, and @dburgar
Forums: r/technews, r/Futurology, r/singularity, and r/technology
| 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.
More: Arkham, BeInCrypto, Arkham, Cointelegraph, Crypto Briefing, CoinGape, Blockchain.News, and CoinDesk
| Bloomberg: |
Thoma Bravo agrees to acquire a stake in Chicago-based Trading Technologies, sources say the deal values the capital markets industry SaaS provider at over $1B — Buyout firm Thoma Bravo has agreed to acquire a stake in Trading Technologies International Inc. in a transaction valued at more than $1 billion …
More: Trading Technologies and Finextra
| 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 … | Bloomberg: |
Cinven acquires a majority stake in Smart Communications from Accel-KKR; sources: the deal values the customer conversations platform at ~$1.8B including debt — Cinven has acquired a majority stake in UK technology firm Smart Communications from investment firm Accel-KKR.
More: Smart Communications
| Nina Bambysheva / Forbes: |
A profile of Robinhood CEO Vlad Tenev, whose personal fortune has surged 6x over the past year to $6.1B, as the company leans into tokenized stock derivatives — First Vlad Tenev blew up the brokerage industry's fee model. Now, thanks in part to his full-on crypto embrace …
X: @vladtenev and @ninabambysheva
| Anne VanderMey / Bloomberg: |
How VCs are changing the way people learn about the tech industry, through a sprawling media ecosystem consisting of podcasts, newsletters, and streaming shows — Podcasts hosted by venture capitalists set the narrative in tech, changing the way that insiders—and everyone else—learn about the world of startups.| 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 …
More: The Gateway Pundit, Tech in Asia, Wired, Daily Caller News Foundation, Tech Xplore, UPI, and Joe.My.God.
Bluesky: @couts, @reichlinmelnick, @crystal159, @icoll, and @kimlanelaw
X: @ggreenwald, @stopbigmoney, @emeriticus, @ggreenwald, and @gekaminsky
Forums: r/technology, r/inthenews, r/TrueReddit, and r/politics
| Felix Tam / Bloomberg: |
Shares of Hong Kong-listed Chinese chipmaker InnoScience closed up 31% on August 1, after Nvidia named the company as a supplier for its 800V HVDC architecture — Chinese chipmaker InnoScience Suzhou Technology Holding Co. closed up 31% in Hong Kong on Friday after it was identified by Nvidia Corp. as a supplier.Sponsor Posts
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Subquadratic: the LLM built for 12M-token reasoning — SubQ can reason across entire codebases and document sets in one pass with no RAG workarounds. Read how SubQ 1.1 Small holds near-perfect retrieval out to 12M tokens.
Cloudflare:
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Cloudflare Connect 2026: The Agentic Conference — Stop preparing for agents. Start running them. 100+ sessions, workshops, and speakers from OpenAI, Arm, and Cloudflare across AI, security, and performance.
Zoho:
Zoho Books is now ICAEW accredited — Zoho Books, an end-to-end accounting solution trusted by thousands of businesses and finance professionals worldwide, is now officially accredited by the Institute …
Zoho Books is now ICAEW accredited — Zoho Books, an end-to-end accounting solution trusted by thousands of businesses and finance professionals worldwide, is now officially accredited by the Institute …
IDrive:
Protecting your Cloud Applications Data — Backing up Office 365, Google Workspace, Dropbox & Salesforce data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.
Protecting your Cloud Applications Data — Backing up Office 365, Google Workspace, Dropbox & Salesforce data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.Featured Podcasts
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Sources:
Baseten's CEO on why every company will want to own its AI
Candid conversations with the leaders shaping what's next in AI and the broader tech industry. Hosted by Alex Heath, who has covered Silicon Valley for more than a decade.
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