Techmeme
August 16, 2025, 8:40 AM

Top News

Cecilia D'Anastasio / Bloomberg:
Roblox shares closed down 6.34% on Friday after the company was accused in two lawsuits of failing to sufficiently protect youngsters on its platform  —  Roblox Corp. shares fell more than 6% Friday after the company, which operates an online video-game service popular with children …
Forbes:
Sources say Meta's chaotic culture and lack of vision have led to AI brain drain; Meta strongly denies it has had issues with talent and retention  —  At Meta, a chaotic culture and lack of vision have led to brain drain, with rivals saying its AI talent is lackluster.
Kate Clark / Bloomberg:
Sources: current and former OpenAI employees plan to sell ~$6B in stock to Thrive Capital, SoftBank, and others in a secondary sale that values OpenAI at ~$500B  —  SoftBank, Dragoneer and Thrive Capital are set to buy OpenAI shares from current and former employees at a $500 billion valuation.
Jonathan Vanian / CNBC:
Senator Josh Hawley says he will investigate Meta after a report on its AI policy allowing sensual chats with kids, tells Meta to produce docs by September 19  —  Sen. Josh Hawley, R-Mo., said Friday that he will investigate Meta following a report that the company approved rules allowing …
David Heaney / UploadVR:
Monique Mulima / Bloomberg:
Winklevoss twins' Gemini files for a US IPO and reports a $282.5M net loss on $67.9M revenue in H1 2025, vs. a $41.4M net loss on $73.5M revenue a year earlier  —  Gemini Space Station Inc., led by the billionaire Winklevoss twins, filed for an IPO as the cohort of crypto businesses seeking to list on public markets continues to swell.
Martina Di Licosa / Forbes:
A profile of UCB CS professor Ion Stoica, a billionaire who has helped launch four startups out of his privately-funded research lab, including Databricks  —  This computer science professor became a billionaire launching four startups out of his privately-funded research lab, including unicorns Databricks and Anyscale.
Kelly Cloonan / Wall Street Journal:
Applied Materials Q3: revenue up 8% YoY to $7.3B, vs. $7.22B est., profit up 4% YoY to $1.78B, and projects Q4 revenue and profit below est. on China challenges  —  The semiconductor-equipment maker had expected a slowdown in China after two years of rapid build-out, CFO Brice Hill says in an interview

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More News

Reuters:
Jesse Hamilton / CoinDesk:

Earlier Picks

Anne Trafton / MIT News:
Norah Mulinda / Bloomberg: