Techmeme
August 19, 2025, 9:40 AM

Top News

Kif Leswing / CNBC:
SoftBank agrees to invest $2B in Intel, buying ~2% of Intel's outstanding shares for $23 per share, becoming Intel's fifth-biggest shareholder; INTC jumps 5%+  —  Intel and SoftBank announced on Monday that the Japanese conglomerate will make a $2 billion investment in the embattled chipmaker.
Bloomberg:
Sources: the Trump administration is in discussions to take a stake of ~10% in Intel, converting some or all of Intel's $10.9B CHIPS Act grants into equity  —  The Trump administration is in discussions to take a stake of about 10% in Intel Corp., a move that could see the US become the beleaguered chipmaker's largest shareholder.
Financial Times:
Sources: Masayoshi Son met Lip-Bu Tan to discuss SoftBank acquiring Intel's faltering foundry business in the weeks before announcing SoftBank's $2B investment  —  Japanese group's approach comes as US manufacturer struggles to attract customers and compete with rival TSMC
Kanishka Singh / Reuters:
US Director of National Intelligence Tulsi Gabbard says the UK has dropped its mandate requiring Apple to provide a backdoor for accessing users' encrypted data  —  U.S. Director of National Intelligence Tulsi Gabbard said on Monday the UK had agreed to drop its mandate for iPhone maker Apple …
Sheryl Estrada / Fortune:
An MIT report finds that 95% of GenAI pilots at companies have little to no financial impact, due to the “learning gap” for both the tools and the companies  —  Good morning.  Companies are betting on AI—yet nearly all enterprise pilots are stuck at the starting line.
Kashish Tandon / Reuters:
OpenAI launches ChatGPT Go, a new India-only plan priced at Rs. 399, or ~$4.57, per month, its most affordable yet, to grow users in its second-largest market  —  ChatGPT maker OpenAI on Tuesday launched ChatGPT Go, a new India-only subscription plan priced at 399 rupees ($4.57) per month …
Carl Franzen / VentureBeat:
Nvidia debuts Nemotron-Nano-9B-v2, a hybrid Mamba-Transformer model, saying it achieves comparable or better accuracies than Qwen3-8B on reasoning benchmarks  —  Small models are having a moment.  On the heels of the release of a new AI vision model small enough to fit on a smartwatch …
Devindra Hardawar / Engadget:
Jon Brodkin / Ars Technica:
A US federal appeals court rejects T-Mobile's bid to overturn a $92M fine for illegally selling customer location data without consent, after a 2024 FCC ruling  —  A federal appeals court rejected T-Mobile's attempt to overturn $92 million in fines for selling customer location information to third-party firms.
Bloomberg:
Sources: Apple is making all four iPhone 17 models in India ahead of debut, a first, as it expands to five factories to cut reliance on China for US-bound units  —  Apple Inc. is expanding iPhone production in India at five factories, including a pair of recently opened plants …
Arasu Kannagi Basil / Reuters:
Blockchain-based lender Figure files for a US IPO, reporting H1 2025 revenue up 22% YoY to $191M and a $29M net income, compared with a $13M net loss in H1 2024  —  Figure Technology Solutions' revenue surged 22% in the first half of 2025, the blockchain lender disclosed on Monday …
Rebecca Bellan / TechCrunch:
Texas AG Ken Paxton probes Meta and Character.AI over claims they deceptively market chatbots as mental health tools, misleading kids and other vulnerable users  —  Texas attorney general Ken Paxton has launched an investigation into both Meta AI Studio and Character.AI for …

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