Techmeme
September 12, 2025, 9:50 PM

Top News

Gabe Rivera / Techmeme News:
On Techmeme's 20th birthday, its founder explains what's behind the site's consistency, debunks some supposed media trends, and outlines future directions  —  Please clap for Techmeme  —  Techmeme turns 20 freaking years old today.  This is our self-congratulatory post marking the occasion.
Tanaya Macheel / CNBC:
Gemini closed up 14.3% at $32 per share in its Nasdaq debut, giving it a ~$3.8B market cap, after the Winklevoss twins' crypto exchange raised $425M in its IPO  —  Shares of Gemini Space Station rallied 14% on Friday after the exchange operator raised $425 million in an initial public offering.
Daniel Kuhn / The Block:
Tether launches the US-regulated USAT stablecoin and names Bo Hines, the former Executive Director of the White House Crypto Council, as CEO of its new US unit  —  - USAT is designed to be a U.S.-regulated, dollar-backed stablecoin and a complement to USDT, which has about $169 billion in circulation.
Annie Palmer / CNBC:
Opendoor's new chairman Keith Rabois says “I don't know what most” of its 1,400 employees do and the company doesn't need “more than 200 of them”  —  Opendoor co-founder and newly minted board chair Keith Rabois said remote work and a “bloated” workforce have been a drag …
Sarah Perez / TechCrunch:
Mastodon plans to roll out quote posts next week, with safety features that give users several ways to control how their posts can be quoted, to avoid “dunking”  —  Mastodon, an open source, decentralized alternative to X, is rolling out a somewhat controversial feature by adding quote posts, which will launch next week.
Coco Feng / South China Morning Post:
Apple delays iPhone Air preorders in China, likely over eSIM regulatory issues, and replaces the launch schedule with “release information to be updated later”  —  Apple says all three state-owned telecoms network operators would provide eSIM support ‘subject to regulatory approval’
Barbara Moens / Financial Times:
The EU ends an antitrust probe against Microsoft with no fine and accepts its concessions, including offering Office without Teams in Europe for seven years  —  US tech group faced scrutiny over how it bundled together its Teams and Office products  —  Microsoft has avoided an EU fine …
Wall Street Journal:
Some 20-somethings flocking to SF to build trillion-dollar AI startups say no to booze, sleep, and fun as they strive to be, or appear to be, the most obsessed  —  To reach the dream of creating a trillion-dollar company, the 20-somethings flocking to San Francisco give up everything but their laptops
Pranav Baskar / New York Times:
Over 100K Nepali citizens regularly met on Discord to nominate an interim leader, after protests sparked by a social media ban led to the government's collapse  —  “The Parliament of Nepal right now is Discord,” a user said of the platform popular with video gamers, where tens of thousands are debating the nation's future.
Chance Miller / 9to5Mac:
The US FDA clears hypertension notifications on Apple Watch, and Apple plans to roll out the feature to Series 11, 10, and 9, and Watch Ultra 3 and 2 next week  —  When Apple announced the new Apple Watch Series 11 and Apple Watch Ultra 3 this week, it unveiled its latest health feature: hypertension notifications.
Yoolim Lee / Bloomberg:
SK Hynix announces that it has completed development of HBM4, the next generation of high-bandwidth memory crucial for AI work; stock jumps 7% to a record high  —  SK Hynix Inc.'s stock climbed 7% on Friday to a record after the company announced it had completed development of HBM4 …
FinSMEs:
Atolio, which is making a private AI-powered search tool for enterprises, raised a $24M Series A led by Translink Capital  —  Atolio, a San Francisco, CA-based private AI-powered platform for enterprise search, raised $24M in total funding.  —  The round was led by Translink Capital …
More: Atolio
Ina Fried / Axios:
OpenAI and Microsoft say they “signed a non-binding memorandum of understanding for the next phase of our partnership”, and are working to finalize the terms  —  OpenAI and Microsoft said Thursday they have reached preliminary terms on a revised partnership and are “actively working to finalize” a definitive agreement.
Ashley Capoot / CNBC:

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Rebecca Bellan / TechCrunch:
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