Techmeme
August 12, 2025, 8:00 PM

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:
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.
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 …
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
The Verge:
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 …
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 …
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.
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.
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 …
Emma Roth / The Verge:
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:

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More News

Sharon Goldman / Fortune:
Lauren Goode / Wired:

Earlier Picks

Dan Goodin / Ars Technica:
Skylar Woodhouse / Bloomberg:
Zac Hall / 9to5Mac:
Ina Fried / Axios: