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August 22, 2025, 6:40 PM
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Wall Street Journal:
The US government takes a 10% stake in Intel; Howard Lutnick said earlier the US won't be on the board or play a role in Intel's governance; INTC closes up 5%+  —  Move comes after days of discussion in Washington about options for troubled American chip-maker's future
Intel:
Intel says the US will make an $8.9B investment by purchasing 433.3M primary shares of Intel common stock for $20.47/share; INTC closed on August 22 at $24.80  —  U.S. Government to make $8.9 billion investment in Intel common stock as company builds upon its more than $100 billion expansion of resilient semiconductor supply chain
Mark Gurman / Bloomberg:
Sources: Apple is in talks with Google about using Gemini to power a revamped Siri; Google has started training a model that could run on Apple's servers  —  Apple Inc. is in early discussions about using Google Gemini to power a revamped version of the Siri voice assistant …
Sarah Perez / TechCrunch:
Bluesky blocks access to its service in Mississippi, saying it doesn't have the resources to comply with the state's broad new law requiring age verification  —  Social networking startup Bluesky has made the decision to block access to its service in the state of Mississippi, rather than comply with a new age assurance law.
Samantha Subin / CNBC:
NYC grants Waymo its first permit, which extends through late September, to test up to eight of its autonomous vehicles in Manhattan and Downtown Brooklyn  —  Waymo is getting one step closer to rides in New York City.  —  The Alphabet autonomous vehicle subsidiary received its first permit …
Alexandr Wang / @alexandr_wang:
Meta announces a partnership with Midjourney, to license the startup's “aesthetic technology” for Meta's future models and products  —  1/ Today we're proud to announce a partnership with @midjourney, to license their aesthetic technology for our future models and products, bringing beauty to billions.
Financial Times:
Filing: OpenAI says Elon Musk talked to Mark Zuckerberg in February about backing a $97.4B OpenAI bid, but neither Zuckerberg nor Meta signed a letter of intent  —  Tesla billionaire made offer for ChatGPT maker's core business in February  —  Elon Musk attempted to enlist Mark Zuckerberg …
Qianer Liu / The Information:
Sources: Nvidia told suppliers like Amkor and Samsung to halt H20 chip production after China urged local tech firms to avoid H20 over alleged security concerns  —  Nvidia has told some of its component suppliers to suspend production work related to the H20, its chip tailor-made for the Chinese market …
Nikkei Asia:
Jensen Huang says Nvidia is in talks with China over H20 security concerns, is hopeful for a resolution, and reiterates that the H20 has no “security backdoors”
Financial Times:
Email: TikTok plans to lay off several hundred UK trust and safety staff in the UK and Asia, citing “technological advances” such as LLMs in content moderation  —  Moves comes despite Online Safety Act requirements on dangerous material  —  TikTok is poised to lay off hundreds …
Nikou Asgari / Financial Times:
Sources: EU officials are fast-tracking digital euro plans, and considering Ethereum or Solana over a private blockchain after the US passed the Genius Act  —  Concern over competitiveness raises possibility of digital currency using public rather than private blockchain
The Information:
Sources: OpenAI has been partially using Google search results scraped by a startup called SerpApi for ChatGPT responses on current events like news and sports  —  As it tries to unseat Google, OpenAI is relying on search data from an unlikely source: Google.
Bloomberg:
Pattern, an e-commerce firm that resells goods on online marketplaces, files for a US IPO, reporting net income of $32.1M on revenue of $1.1B for H1 2025  —  Pattern Group Inc., an e-commerce firm that resells goods on marketplaces such as Amazon.com Inc.'s, filed for an initial public offering, disclosing growing revenue and profit.
More: Reuters and Reuters

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 6:40 PM ET, August 22, 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

Sara Fischer / Axios:
Source: Bari Weiss is planning to create a masthead for CBS News as part of a broader overhaul of standards and procedures

Todd Spangler / Variety:
Comcast extends Mike Cavanagh's contract through January 1, 2029, and grants a ~$35M performance-based stock package; he's set to become co-CEO in January 2026

Winston Cho / The Hollywood Reporter:
A US judge denies WBD's bid to block Sling TV from selling short-term offerings that let users sign up for access to its bundles for as little as one day

More News

Daniel Thomas / Financial Times:
Filing: OnlyFans gross revenue hit $7.2B in FY ending Nov. 2024, up from $6.6B YoY, and paid $5.8B to creators, up from $5.3B; creator accounts grew 13% to 4.6M

Earlier Picks

Munsif Vengattil / Reuters:
OpenAI sets up a legal entity and plans to open its first office in India after launching ChatGPT Go, its cheapest plan, in the country on August 19
David Heaney / UploadVR:
Vivo demos Vivo Vision, its first MR headset, which looks like an Apple Vision Pro clone but is ~40% lighter with micro-OLED displays, and could cost ~$1,400
Mark Gurman / Bloomberg:
Sources: Meta has poached Frank Chu, an Apple exec who led AI teams focused on cloud infrastructure, training and search, despite Meta's plans to slow hiring
Casey Crownhart / MIT Technology Review:
Google says the median Gemini app text prompt consumes 0.24Wh of energy, about the same as running a microwave for a second, and emits 0.03g of CO2 equivalent
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