Techmeme
August 12, 2025, 9:35 AM

Top News

Surbhi Misra / Reuters:
Elon Musk says that Apple “makes it impossible for any AI company besides OpenAI” to top its App Store, an “antitrust violation”, and xAI will take legal action  —  Billionaire Elon Musk said on Monday his artificial intelligence startup xAI would take legal action against Apple …
The Verge:
ABC:
An Australian federal judge rules Apple and Google engaged in anticompetitive conduct by misusing their app store market power, but rejects Epic's other claims  —  By national consumer affairs reporter Michael Atkin and the Specialist Reporting Team's Melanie Vujkovic
Skylar Woodhouse / Bloomberg:
President Trump meets with Intel CEO Lip-Bu Tan and says his Cabinet members would continue talks with him in the coming days, after calling for his resignation  —  President Donald Trump said members of his Cabinet would continue discussions with Lip-Bu Tan in the coming days after meeting …
Bloomberg:
Sources: Chinese authorities urge local companies to avoid using less advanced US chips, particularly Nvidia's H20s, for government or national security work  —  Supply Lines is a daily newsletter that tracks global trade.  Sign up here.  —  Beijing has urged local companies …
Financial Times:
VideoCardz.com:
James Hunt / The Block:
Circle reports Q2 revenue up 53% YoY to $658M, USDC circulation up 90% YoY to $61.3B, a $482M net loss, and unveils Arc, a stablecoin-focused Layer-1 blockchain  —  - Circle is planning to launch a stablecoin-focused EVM-compatible Layer 1 blockchain called Arc.
Dan Goodin / Ars Technica:
ESET says a high-severity WinRAR zero-day is being exploited by two Russian cybercrime groups, enabling persistent backdoors when malicious files are opened  —  A high-severity zero-day in the widely used WinRAR file compressor is under active exploitation by two Russian cybercrime groups.
New York Times:
How Larry Ellison is focusing his philanthropic efforts on the Ellison Institute of Technology, an Oxford-based, for-profit entity set to spend £1B by 2027  —  Oracle's co-founder and the world's second-richest person pledges to concentrate his vast resources on his own research institute …
Hannah Lang / Reuters:
Paxos applies to create a US national trust bank, which would allow it to manage and hold assets for customers, following applications by Circle and Ripple  —  Paxos Trust Company, the cryptocurrency firm behind PayPal's stablecoin, said it is applying to create a national trust bank in the U.S. …

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More News

Charles Capel / Bloomberg:
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Earlier Picks

Zac Hall / 9to5Mac:
David Welch / Bloomberg:
Omair Pall / Mashable India:
Jay Peters / The Verge:
Ina Fried / Axios:
Sam Tobin / Reuters: