Techmeme
August 13, 2025, 5:16 PM

Top News

Bloomberg:
Bullish shares closed up 84% at $68 in the company's NYSE debut, above the IPO price of $37, giving Bullish a market value of $9.9B based on outstanding shares  —  Bullish shares jumped 84% from the IPO price after the digital-asset exchange operator and owner of media outlet CoinDesk raised $1.1 billion in an initial public offering.
Bloomberg:
Bullish raised $1.1B in its IPO, selling 30M shares for $37 each, above its $32-to-$33 marketed range; sources say the IPO was more than 20 times oversubscribed  —  Bullish raised $1.1 billion in an initial public offering, pricing its shares above the marketed range.
Jonathan Stempel / Reuters:
New York sues Zelle, claiming that security lapses led to $1B in consumer fraud losses; the US CFPB dropped a similar case in March  —  Zelle was sued on Wednesday by New York Attorney General Letitia James, who said the electronic payment platform's refusal to adopt critical safety features …
Mark Gurman / Bloomberg:
Sources: Apple AI plans include robots, such as a tabletop one in 2027, a conversational Siri, a smart speaker with a display in 2026, and home security cameras  —  Apple Inc. is plotting its artificial intelligence comeback with an ambitious slate of new devices, including robots …
Reuters:
Sources: the US secretly embedded location trackers in select AI chip shipments, such as in Dell and Super Micro servers, to detect illegal diversions to China  —  U.S. authorities have secretly placed location tracking devices in targeted shipments of advanced chips they see as being at high risk …
Emma Roth / The Verge:
Google is rolling out a feature for Gemini that, when enabled, will let the AI chatbot “remember” a user's past conversations without prompting  —  You'll no longer have to prompt Gemini in order for it to recall what you've discussed in previous chats.
Bloomberg:
Amazon says it now offers same-day grocery delivery in 1,000+ cities and plans to bring it to 2,300+ more by the end of 2025; Prime subscribers get it free  —  Amazon.com Inc. plans to offer same-day grocery delivery in 2,300 cities by the end of the year, more than doubling the current number …
Alexandra Alper / Reuters:
Sources: the US Navy and Air Force may cancel two nearly complete HR software projects to give firms like Salesforce and Palantir a chance to win similar work  —  Donald Trump's Navy and Air Force are poised to cancel two nearly complete software projects that took 12 years …
Robert Burnson / Bloomberg:
A US federal judge rules Elon Musk must face OpenAI's claims that his legal and media attacks are a “years-long harassment campaign” and sets a March 2026 trial  —  Elon Musk must face claims by OpenAI that his attacks on the startup in court and in the media amount to a …
M.G. Siegler / Spyglass:
Katherine Blunt / Wall Street Journal:
Victoria Song / The Verge:
Core Devices CEO Eric Migicovsky unveils the Pebble Time 2 in four colors, with a 1.5" e-paper display, multicolor RGB backlighting, and a 30-day battery life  —  The Time 2 sports a sleeker profile and RGB backlighting. … Now that Pebble is Pebble again, we're getting an official look …
Juby Babu / Reuters:
Cisco reports Q4 revenue up 8% YoY to $14.67B, vs. $14.62B est., net income up 31% to $2.8B, and forecasts Q1 revenue above estimates  —  Cisco Systems (CSCO.O) forecast first-quarter revenue above Wall Street estimates on Wednesday, as the artificial intelligence boom boosted demand for its networking equipment from cloud customers.
Ben Raab / Wall Street Journal:
A look at social media “clippers”, who are paid $0.50 to $2 per thousand views by streamers, podcasts, and startups to make buzzy moments go viral online  —  Companies are hiring ‘clippers’ to flood TikTok and Instagram with short, promotional videos  —  You know those buzzy viral clips you see on social media?
SemiAnalysis:
GPT-5's router directs queries based on complexity and intent, helping OpenAI allocate compute across low-value informational and high-value commercial requests  —  To many power users (Pro and Plus), GPT5 was a disappointing release.  But with closer inspection, the real release is focused …
Maxwell Zeff / TechCrunch:

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More News

Reuters:
Derek Thompson:

Earlier Picks

Joedy McCreary / MedPage Today:
Jagmeet Singh / TechCrunch:
Mark Gurman / @markgurman: