Techmeme @ 5:50 PM ET, September 11, 2025

Top News

Ashley Capoot / CNBC:

OpenAI says its nonprofit parent will continue to have oversight over the company and will own an equity stake of more than $100B — OpenAI on Thursday said its nonprofit parent will continue to have oversight over the company and will own an equity stake of more than $100 billion.

More: OpenAI. X: @mihonarium, @openainewsroom, and @miles_brundage

Ina Fried / Axios:

OpenAI and Microsoft say they have signed a non-binding memorandum of understanding for the next phase of their partnership, and are working to finalize terms — OpenAI and Microsoft said Thursday they have reached preliminary terms on a revised partnership and are “actively working to finalize” a definitive agreement.

More: Wall Street Journal, Reuters, Bloomberg, Microsoft, OpenAI, and ITPro Today

X: @inafried, @msftnews, and @openainewsroom

Bluesky: @brianfagioli and @tomwarren.co.uk

Leah Nylen / Bloomberg:

The FTC orders Google, OpenAI, Meta and Instagram, Snap, xAI, and Character.AI to provide information on how their AI chatbots impact children and teens — The Federal Trade Commission ordered Alphabet Inc.'s Google, OpenAI Inc., Meta Platforms Inc. and four other makers of artificial intelligence chatbots …

More: Federal Trade Commission, Reuters, PYMNTS.com, CNBC, Engadget, The Hill, TechCrunch, CNN, Associated Press, New York Times, The Record, PC Gamer, Financial Times, Social Media Today, The Verge, Quartz, Investor's Business Daily, Nextgov/FCW, Implicator.ai, Digital Trends, Washington Times, Axios, WPXI-TV, Forbes, UPI, WinBuzzer, and Shacknews

X: @housecommerce, @jenn_elias, @joellthayer, @wesghodges, @meadorftc, @ftc, and @kashhill. Bluesky: @marypcbuk

Blake Brittain / Reuters:

Encyclopedia Britannica and Merriam-Webster sue Perplexity, alleging that it unlawfully scraped their websites and redirected their traffic to its AI summaries — Perplexity AI is the latest artificial intelligence company to be hit with a lawsuit by copyright holders …

More: Engadget, PYMNTS.com, Bloomberg Law, The Britannica Group, Courthouse News Service, Crain's Chicago Business, MediaPost, The American Bazaar, and Chat GPT Is Eating the World. Forums: Slashdot

Bloomberg:

Figure's shares closed up 24% at $31.11 in its Nasdaq debut, giving it a ~$6.6B market cap, after the company and some of its backers raised $787.5M in its IPO — Shares of Figure Technology Solutions Inc. closed 24% above their IPO price after a listing raising $787.5 million …

More: Reuters, CNBC, The Block, Yahoo Finance, Crunchbase News, MarketWatch, The Crypto Times, Bloomberg, crypto.news, TheStreet, Fortune, Cryptonews, PYMNTS.com, BeInCrypto, Proactive, Bitcoin Insider, Axios, and The Crypto Times. LinkedIn: Mayank Shiromani

Jordan Novet / CNBC:

Adobe reports Q3 revenue up 11% YoY to $5.99B, vs. $5.91B est., Digital Media revenue up 12% to $4.46B, and Digital Experience revenue up 9% to $1.48B — Adobe reported fiscal third-quarter results that topped analysts' estimates. The design software maker's shares rose in extended trading.

More: Bloomberg, Investor's Business Daily, Reuters, Yahoo Finance, Constellation Research, Adobe, Benzinga, and MarketWatch

The Information:

OpenAI projects $200B in revenue in 2030, with R&D spending hitting ~45% of that, or ~$90B; R&D costs of Alphabet and others are currently 10%-20% of revenue — The most popular consumer internet services usually figure out how to make money even after a decade or more of losses.

More: Wall Street Journal. X: @amir. Bluesky: @quinnypig.com and @taumuyi. Forums: r/OpenAI

Natalie Lung / Bloomberg:

The US DOJ sues Uber, with its civil rights division alleging that Uber discriminates against people with physical disabilities in violation of federal law — Uber Technologies Inc. was sued by the US Justice Department over claims that the ride-sharing giant discriminates against people …

More: TechCrunch, CNBC, The Verge, Engadget, Reuters, Reuters, Sherwood News, and Los Angeles Times

Bluesky: @hudsonrivercroc, @duboish, @caseynewton, and @karanicolas

Echo Wang / Reuters:

Sources: Winklevoss twins' Gemini has seen its planned US IPO oversubscribed by 20x; in an unusual move, the IPO proceeds will be capped at $425M — Gemini Space Station, the cryptocurrency exchange founded by Cameron and Tyler Winklevoss, has drawn over 20 times as many orders …

More: Decrypt, Bloomberg, Fortune, crypto.news, Barron's Online, Blockhead, CryptoSlate, Capital Brief, CoinDesk, and Yahoo Finance. Bluesky: @bradicality

Sarah Perez / TechCrunch:

Google plans to shut down Tables, a work-tracking tool and competitor to Airtable, in December and directs users to migrate to Google Sheets or AppSheet — Google Tables, a work-tracking tool and competitor to the popular spreadsheet-database hybrid Airtable, is shutting down.

Taylor Soper / GeekWire:

F5 plans to acquire CalypsoAI, which helps companies secure their generative AI infrastructure, for $180M; CalypsoAI raised $43.2M — Seattle-based security and application delivery giant F5 will pay $180 million to acquire CalypsoAI, a startup founded in 2018 that helps companies secure their generative AI infrastructure.

More: F5, Inc., Seattle Business Journal, SiliconANGLE, CyberScoop, Network World, BankInfoSecurity.com, Yahoo Finance, Irish Independent, Silicon Republic, and Help Net Security

LinkedIn: Donnchadh Casey and Franç

Tim Hardwick / MacRumors:

An iOS support page says AirPods' Live Translation feature won't be available to users in the EU with an EU-region Apple Account, likely due to EU regulations — Apple's new Live Translation feature for AirPods will be off-limits to millions of European users when it arrives next week …

More: TechCrunch, ZDNET, Thurrott, CNET, GSMArena.com, PhoneArena, Telegraph, Politico, PCMag, Mashable, Engadget, iDrop News, Türkiye Today, 9to5Mac, MacTech.com, Cult of Mac, MacDailyNews, Android Headlines, The Tab, and T3

Bluesky: @quinnypig.com. Mastodon: @carnage4life@mas.to. Forums: Hacker News, r/europe, r/apple, Slashdot, and MacRumors Forums

Bloomberg:

Vantage Data Centers raised $1.6B from GIC and the Abu Dhabi Investment Authority to expand in APAC, including the acquisition of a Malaysian data center campus — Vantage Data Centers has secured a $1.6 billion investment to help expand its business in the Asia-Pacific region …

More: The Information, Yahoo Finance, The Business Times, DealStreetAsia, Canadian Press, and Reuters

Vas Panagiotopoulos / Wired:

Atlantic Council: the number of US-based investors in spyware companies nearly tripled in 2024 to 31, compared to just 11 in 2023, topping Israel's 26 investors — A new report warns that the number of US investors in powerful commercial spyware rose sharply in 2024 and names new countries linked to the dangerous technology.

More: The Register, The Record, and Atlantic Council

Bluesky: @suzannesmalley, @couts, @dell, and @vaspanagiotopoulos.com

Mastodon: @rinze@mastodon.rinzewind.org and @AAKL@infosec.exchange

Forums: Hacker News, r/cybersecurity, r/technology, r/technews, r/technews, and Ars OpenForum

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