Techmeme
August 23, 2025, 7:35 AM

Top 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
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
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.
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 …
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 …
The Hindu:
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.
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 …
Richard Henderson / Bloomberg:
Australia orders Binance Australia to hire an external auditor within 28 days over “serious concerns” with money laundering and terrorism financing controls  —  Australia's financial crimes agency ordered Binance Holdings Ltd.'s local arm to appoint an external auditor after finding …
Business Insider:
A surge in AI company valuations is driving the popularity of special purpose vehicles, but some involve high fees, opaque structures, and layers of middlemen  —  - SPVs have been surging in popularity as retail investors scramble for stock in hot AI companies.
Dean Seal / Wall Street Journal:
FanDuel partners with CME Group to offer event-based contracts, letting users wager “yes” or “no” on financial events and benchmarks, starting later this year  —  The sports-betting platform's deal with CME Group might ultimately lead it to making markets for sports-related events
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 …

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More News

Sarah Perez / TechCrunch:
Tanaya Macheel / CNBC:

Earlier Picks

Samantha Subin / CNBC:
Financial Times: