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Techmeme
August 22, 2025, 9:55 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%+  —  Conversion of Chips Act grants to equity will likely be followed by other moves to help troubled chip maker, analysts say
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.
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.
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 …
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 …
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:
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.  X: @bryce
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

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From Mediagazer

Bloomberg:
Ted Sarandos says a winning Netflix bid for WBD would lead to more films in theaters because Netflix would distribute its films via WBD's distribution system

Julianna Bragg / Axios:
Stephen Colbert's interview on YouTube with US Senate candidate James Talarico draws 7M+ views after it was posted on Monday, bypassing TV restrictions

Anhata Rooprai / Reuters:
Apple TV has signed a distribution deal with EverPass Media to bring live sports content to US businesses such as bars, restaurants, hotels, and gyms

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
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

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
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
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
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
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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