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August 23, 2025, 2:10 PM
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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
Reuters:
Some experts say Trump's extraordinary intervention is unlikely to save Intel, which faces challenges with poor yields and competition from TSMC and Nvidia  —  U.S. President Donald Trump is injecting nearly $9 billion into Intel(INTC.O) in exchange for a 9.9% equity stake.
New York Times:
Some lawyers and bankers say the Intel deal may face legal challenges as the CHIPS Act may not allow the US government to convert grants into equity  —  The deal is among the largest government interventions in a U.S. company since the rescue of the auto industry after the 2008 financial crisis.
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%+
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.
Cecilia D'Anastasio / Bloomberg:
How AI is increasingly being used to replace human content moderators, who say that the tech is not yet capable of reliably identifying harmful content  —  Kevin decided on a career in content moderation after his YouTube recommendations took a bewildering swerve.
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:
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
Alex Heath / The Verge:
Q&A with David Luan, head of Amazon's AGI research lab, on leaving Adept in a reverse acquihire deal, why he believes progress on AI models has slowed, and more  —  Why Amazon AGI Labs chief David Luan thinks solving agents is the next ‘S-curve’ for AI.
Bluesky: @prietschka.  Mastodon: @jukkan@mstdn.social.  Threads: @alexheath.  X: @rohitprasadai.  LinkedIn: Junjie Tang
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
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

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 2:10 PM ET, August 23, 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

Gene Maddaus / Variety:
Paramount agrees to a request from 12 states, led by CA, to link their federal antitrust case in the WBD merger to an existing Paramount+ subscriber lawsuit

Jessica Davies / Digiday:
Ozone: publisher ad supply in Q2 fell by 32% to 37% YoY in the US and 39% to 41% YoY in the UK, driven by AI-era zero-click search and reduced referral traffic

Ethan Baron / Mercury News:
California and Google will contribute $20M each over two years to the CA Civic Media Program, far below the $250M promised in 2024, with grants of up to $250K

More News

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
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

Earlier Picks

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
Alexandr Wang / @alexandr_wang:
Meta announces a partnership with Midjourney to license the startup's “aesthetic technology” for Meta's future models and products
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
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
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