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August 23, 2025, 1:20 AM
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memeorandum
WeSmirchTop News
| 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%+ — Conversion of Chips Act grants to equity will likely be followed by other moves to help troubled chip maker, analysts say
More: New York Times, Wired, Ars Technica, Bloomberg, Reuters, CNBC, Associated Press, NBC News, XDA Developers, MarketWatch, Washington Post, The Independent, Raw Story, RedState, Oregonian, WBHM 90.3, Shacknews, Yahoo Finance, Barron's Online, Financial Times, PCMag, TechCrunch, SiliconANGLE, Newser, Windows Central, BBC, ZeroHedge News, Engadget, Gizmodo, CBS News, Fierce Electronics, Benzinga, Yeni Şafak, Just The News, and Mediaite
Bluesky: @scottjshapiro, @jeffyguy, @jennifertaub.com, @bmsimp, @wittywebhandle, @bob-nc, @maxkennerly, @originalsp.in, @ladeziree, and @gtjr. Truth Social: @realDonaldTrump …. Mastodon: @harrymccracken@mastodon …
Threads: @carnage4life and @martinsfp
X: @howardlutnick, @spencerhakimian, @matthew_d_green, @jillwinebanks, @jhweissmann, @atrupar, @rakeshsfnyc, @atrupar, @denver4va, @sullycnbc, @madrid_mike, @nicksortor, @scottlincicome, @buccocapital, @stanveuger, @michaeldweiss, @charlescwcooke, @atrupar, @semianalysis_, @scottlincicome, @benbajarin, @danieldimartino, @govpressoffice, @govpressoffice, @danielnewmanuv, @esrtweet, @neoavatara, @juliaioffe, @danrshafer, @danprimack, @goldman, and @patrickmoorhead
| 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
More: The Verge, Washington Post, Tom's Hardware, The Register, UPI, Phoenix Business Journal, DigiTimes, TheStreet, Business Insider, 9to5Mac, TipRanks Financial, Investor's Business Daily, Lexington Institute, Politico, Yahoo Finance, KMUW, Portland Business Journal, Newsweek, Thurrott, The Japan Times, Washington Examiner, and Bloomberg Law
Bluesky: @bjmquinn, @rmfifthcircuit, @quantian, @ncweaver.skerry-tech.com, and @peark.es. X: @iancutress
LinkedIn: Mike Demler, Michelle Johnston Holthaus, and David Zinsner
Forums: r/intel, r/intelstock, and r/NVDA_Stock
| 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 …
More: Reuters, 9to5Mac, Moneycontrol, MacRumors, Livemint, The Verge, CNBC, PhoneArena, Android Authority, Cult of Mac, AppleInsider, Philip Elmer‑DeWitt, iThinkDifferent, Shacknews, The Information, Investor's Business Daily, BGR, iClarified, TipRanks Financial, Tom's Guide, TechCrunch, Macworld, Implicator.ai, CNET, Android Headlines, Engadget, crypto.news, iDownloadBlog.com, iDrop News, Mobile World Live, Notebookcheck, MacDailyNews, Sherwood News, and MarketWatch
Bluesky: @viticci.macstories.net, @camsavage00, @colindurant, and @caseynewton
Mastodon: @harrymccracken@mastodon …, @joesteel@duck.haus, and @viticci@mastodon …. Threads: @wongmjane
X: @markgurman, @benbajarin, @loudmouthjulia, @rohanpaul_ai, @nirave, @mkbhd, @stevesi, @shaig, @markgurman, @jerrycap, @shaig, @patrickmoorhead, @scobleizer, and @rihardjarc
Forums: r/singularity, r/google, r/GeminiAI, r/GOOG_Stock, r/wallstreetbets, r/apple, Slashdot, and MacRumors Forums
| 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.
More: Bluesky, Wired, Mississippi Free Press, The Verge, TheDesk.net, PC Gamer, Six Colors, and Simon Willison's Weblog
Bluesky: @bsky.app, @catalystmeow, @ike55, @waxy.org, @donmoyn, @poopraven, @ajbauer, @peark.es, @klonick, @kattenbarge, @blackamazon, and @acvalens.net
Mastodon: @joeo10@mastodon.sdf.org and @thenexusofprivacy …
X: @klonick, @loudmouthjulia, @paul_taske, and @loudmouthjulia
Forums: Hacker News, r/technology, r/BlueskySocial, r/privacy, and Slashdot
| The Hindu: |
Major real-money gaming platforms in India halted cash games after President Murmu signed the Promotion and Regulation of Online Gaming Act, 2025, into law — Most major platforms over August 21 and August 22 stopped offering cash games, in compliance with the Promotion and Regulation of Gaming Act … | Andy Mukherjee / Bloomberg: |
India's move to ban online real-money games over addiction and money laundering concerns appears valid, but it may push users toward offshore crypto casinos — Cricket wagers will move offshore, with crypto becoming the preferred currency. — India has stunned its online gaming industry …
More: Times of India, News18, Reuters, The Indian Express, Moneycontrol, TechCrunch, PennLive, BusinessCloud, and Al Jazeera
| 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.
More: Upstarts Media, Financial Times, Yahoo Finance, The Information, Implicator.ai, CNET, VentureBeat, The Verge, Mashable, and Bloomberg
X: @davidsholz, @suchenzang, @alexrkonrad, @_arohan_, @alexrkonrad, @suchenzang, @nikshepsvn, @davidsholz, @scobleizer, and @willccbb. Forums: r/BetterOffline
| Paige Smith / Bloomberg: |
Sources: Visa shut down its open-banking business in the US amid regulatory uncertainty; the unit provided tools to help fintechs access customer-account data — Visa Inc. shut its open-banking business in the US amid regulatory uncertainty about consumer-data rights and the prospect … | 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 …
More: City of New York, TechCrunch, The Verge, The Robot Report, New York Post, Gizmodo, 6sqft, StateScoop, GovTech, Associated Press, Fast Company, Gothamist, NBC Bay Area, Forbes, TipRanks Financial, CBT News, New York Daily News, Reuters, MarketWatch, Business Insider, and Sherwood News
LinkedIn: Leticia, Suzanne Philion, Matthew Walsh, and Saswat Panigrahi
Forums: Hacker News, r/technews, r/newyork, r/newyorkcity, r/technology, r/nyc, r/SelfDrivingCars, r/waymo, and Slashdot
| Newley Purnell / Bloomberg: |
Apple sues ex-staffer for allegedly stealing Watch trade secrets to benefit Oppo before leaving Apple in June, claims Oppo knew of and encouraged his actions — Apple Inc. accused smartphone maker Oppo in a lawsuit of poaching a highly paid member of the Apple Watch team and encouraging …
More: MacRumors, United States District Court, AppleInsider, The Mac Observer, Android Authority, 9to5Mac, PhoneArena, The Verge, and MacTech.com
Forums: r/AppleWatch and MacRumors Forums
| CNBC: |
Sources: Meta plans to launch its first glasses with a display and a wristband that lets users control the glasses with hand gestures, at Connect in September — Meta is planning to use its annual Connect conference next month to announce a deeper push into smart glasses …
More: The Verge and AR Insider
| Tanaya Macheel / CNBC: |
Ether surged 15% late Friday, rising as high as $4,885 and surpassing its November 2021 record of $4,866.01 after Fed Chair Jerome Powell hinted at rate cuts — The price of ether smashed through its 2021 record on Friday after Federal Reserve Chair Jerome Powell hinted at upcoming rate cuts and investors returned to risk-on mode.| Wall Street Journal: |
Sources: Nvidia has shown new versions of its Blackwell-based AI chips for Chinese customers to US officials, including one with ~80% of the peak performance — Chip designer hopes Trump will approve new design for sale in China, after Beijing tells its companies not to buy older product
More: TechCrunch, New York Post, PC Gamer, The Information, ZeroHedge News, and The Information
| Sarah Perez / TechCrunch: |
On its 10th anniversary, YouTube Music gets new features, including “Taste Match” playlists similar to Spotify Blend and event notifications through Bandsintown — YouTube is celebrating 10 years of its YouTube Music app on Thursday with the launch of new features that bring it closer to rival Spotify and others.| Bloomberg: |
Istanbul-based stock and crypto brokerage Midas raised an $80M Series B led by QED Investors, valuing the company, sources say, at nearly $1B — Turkey's first commission-free trading platform Midas is now valued at nearly $1 billion following its latest funding round, according to people familiar with the matter.
More: Midas, The Crypto Times, and Daily Sabah
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