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August 12, 2025, 8:45 PM
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Top News

Katherine Blunt / Wall Street Journal:
Perplexity offers to acquire Chrome for $34.5B, significantly more than Perplexity's estimated $18B valuation, and says large VC funds agreed to back the deal  —  With its unsolicited bid for Google's browser, AI startup seeks to take advantage of uncertainty over pending antitrust ruling
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 …
Bob Van Voris / Bloomberg:
In US court, Terraform Labs co-founder Do Kwon says he will plead guilty to charges of conspiracy and wire fraud under an agreement with prosecutors  —  Terraform Labs Pte. co-founder Do Kwon pleaded guilty to charges in a US fraud prosecution tied to the $40 billion collapse of the TerraUSD stablecoin in 2022.
New York Times:
Sources: investigators have uncovered evidence that Russia is at least in part responsible for a recent hack of the US federal court filing system  —  Federal officials are scrambling to assess the damage and address flaws in a sprawling, heavily used computer system long known to have vulnerabilities.
Redd Brown / Bloomberg:
CoreWeave Q2: revenue up 207% YoY to $1.21B, vs. $1.08B est., adjusted net loss of $130.8M, vs. $96.3M est., up from $5M in Q2 2024; CRWV drops 10%+ after hours  —  CoreWeave Inc. posted steeper losses as it continued to build to meet demand from artificial intelligence developers …
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  —  In a landmark decision, the federal court has today ruled against tech giants Apple and Google in a major win for consumers …
The Verge:
Epic says it is bringing Fortnite back to iOS in Australia “at a date to be determined”, after a judge ruled Apple and Google's app stores are anticompetitive
Maxwell Zeff / TechCrunch:
Anthropic updates Claude Sonnet 4 to support a 1M token context window, letting it process prompts up to 750K words or 75K lines of code, up 5x on its old limit  —  Anthropic is increasing the amount of information that enterprise customers can send to Claude in a single prompt …
Emily Price / Fast Company:
Meta says Threads has 400M monthly active users, up from 350M MAUs in April  —  Meta's Twitter rival has hit 400 million monthly users, closing the gap with X on mobile.  —  Meta's Threads is on a roll.  —  The social networking app is now home to more than 400 million monthly active users, Meta shared with Fast Company on Tuesday.
Financial Times:
Anthropic signs a deal to offer Claude to US lawmakers for $1/year, following OpenAI; a source says Google is in talks to offer Gemini on similarly cheap terms  —  Group follows rival OpenAI in making enterprise tools available to government branches  —  Anthropic will offer its Claude chatbot …
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.
Adrian Zmudzinski / Cointelegraph:
Qubic, a layer-1 blockchain project that pools mining resources, has been trying a 51% attack on Monero and says it succeeded, causing Monero's price to fall  —  at 1:30 pm UTC): This article has been updated to add a Qubic announcement.  Layer-1 blockchain Qubic said it has …
Sharon Goldman / Fortune:
NYC-based Profound, which helps brands optimize visibility in AI search responses, raised a $35M Series B led by Sequoia, bringing its total funding to $58.5M  —  Profound co-founders James Cadwallader and Dylan Babbs, who are betting big on helping brands get discovered in AI search
Emma Roth / The Verge:
Google launches Preferred Sources in the US and India, allowing users to personalize the news in Search's “top stories” section by selecting favorite outlets  —  A new feature will let you pick the news outlets you see in Google Search's top stories.
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 …
Wall Street Journal:
How Jensen Huang successfully lobbied Trump to resume Nvidia's H20 sales to China; US officials hadn't vetted the 20% pay-to-play proposal when Trump offered it

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This is a Techmeme archive page. It shows how the site appeared at 8:45 PM ET, August 12, 2025.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

From Mediagazer

Rohan Goswami / Semafor:
Sources: Netflix is interested in acquiring Lionsgate and took a look at Roku, but a Roku deal would have faced tougher antitrust scrutiny than Fox's

CBC News:
Canada's CBC, which began televising NHL games in 1952, will no longer show NHL games after it was unable to reach a new sublicense deal with Rogers Sportsnet

Brian Steinberg / Variety:
Consultancy Madison & Wall estimates a combined Fox and Roku would capture 14% of all US TV ad revenue and 16% of US streaming ad revenue

More News

Lauren Goode / Wired:
Q&A with AMD CEO Lisa Su on AI accelerators, US manufacturing, becoming AMD's CEO in 2014, OpenAI, Tesla, xAI, China, ROCm, aiming to surpass Nvidia, and more

Earlier Picks

Dan Goodin / Ars Technica:
ESET says two Russian cybercrime groups are exploiting a high-severity WinRAR zero-day, backdooring computers that open malicious archives in phishing messages
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
Zac Hall / 9to5Mac:
Anthropic adds a memory feature to let Claude reference information from past chats, available now to Max, Team, and Enterprise subscribers, and soon to others
Ina Fried / Axios:
GitHub CEO Thomas Dohmke says he will “leave GitHub to become a founder again”, with GitHub and its leadership team moving into Microsoft's CoreAI organization
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