Techmeme
August 11, 2025, 5:30 PM

Top News

Ina Fried / Axios:
GitHub CEO Thomas Dohmke says he is leaving to “become a startup founder again”, with GitHub and its leadership team moving into Microsoft's CoreAI organization  —  GitHub CEO Thomas Dohmke announced Monday that he plans to step down, with Microsoft opting not to directly replace the position …
Financial Times:
Bloomberg:
Sam Tobin / Reuters:
A UK judge dismisses Wikimedia's Online Safety Act challenge over requiring Wikipedia to verify users and contributors' IDs, but says it can file new challenges  —  The operator of Wikipedia on Monday lost a legal challenge to parts of Britain's Online Safety Act, which sets tough new requirements …
Charles Capel / Bloomberg:
SEC filing: crypto exchange Bullish increased the size and price of its US IPO to sell 30M shares for $32 to $33 each, up from 20.3M shares for $28 to $31 each  —  Bullish increased the size and price of its initial public offering, boosting the potential deal size to $990 million …
Ben Weiss / Fortune:
Trump family's World Liberty Financial is using a publicly listed company, ALT5 Sigma, to raise $1.5B for the purchase of its WLFI token  —  World Liberty Financial cofounders Zach Witkoff (left) and Eric Trump.  —  The Trump family's crypto business, World Liberty Financial …
Omair Pall / Mashable India:
xAI makes Grok 4 free for all users worldwide after making Grok Imagine free for all US users; Grok 4 Heavy remains exclusive to SuperGrok Heavy subscribers  —  xAI releases Grok 4 free, rivals GPT-5 launch.  —  Elon Musk-owned xAI has officially made the latest version of its AI model …
Jay Peters / The Verge:
Reddit says it will block the Internet Archive from indexing most of its pages after it caught AI companies scraping its data from the Wayback Machine  —  The company says that AI companies have scraped data from the Wayback Machine, so it's going to limit what the Wayback Machine can access.
Luc Olinga / Gizmodo:
Sam Altman says OpenAI is “significantly increasing rate limits for reasoning” for ChatGPT Plus users, as the share of users using reasoning models increases  —  The move is a stunning reversal, proving that even the most powerful AI company can't ignore a mutiny from its loyal user base.
Reuters:
Rumble says it plans to acquire German AI cloud group Northern Data in an all-stock deal; estimates show the deal could be valued at ~$1.17B, a 32% discount  —  U.S.-listed video platform Rumble (RUM.O) is considering a potential offer of about $1.17 billion (1 billion euro) …
CNBC:
Source: StubHub now aims to hold its IPO in September after pausing plans in April; it updated its IPO prospectus, reporting Q1 revenue up 10% YoY to $397.6M  —  StubHub, the ticketing marketplace that spun out of eBay in 2020, has resumed its plans to go public and is now aiming to hold its IPO next month, CNBC has learned.

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