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September 24, 2025, 11:55 AM
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memeorandum
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| Wall Street Journal: |
Inside the Trump Administration's chaotic H-1B visa overhaul, with Commerce Secretary Howard Lutnick initially presenting the $100,000 fee as an annual charge — Commerce Secretary Howard Lutnick sowed confusion over whether new fees were annual and applicable to existing visa holders.
More: Reuters and Business Standard
| Michael Moritz / Financial Times: |
Michael Moritz says Trump's “H-1B caper will backfire” and shows the “fragile grasp” Trump and his acolytes have of what makes the US tech sector so successful — The move shows how slender a grasp the president has of what makes the American economy so successful| Ted Hesson / Reuters: |
| Wired: |
OpenAI, Oracle, and SoftBank announce five new data center locations in the US, boosting Stargate's planned capacity to nearly 7 GW — The new sites will boost Stargate's planned capacity to nearly 7 gigawatts—about equal to the output of seven large nuclear reactors.
More: OpenAI, Wall Street Journal, CoinDesk, Gizmodo, WinBuzzer, The American Bazaar, UPI, NDTV Profit, CNBC, E&E News, Fortune, DatacenterDynamics, Reuters, Verdict, Sherwood News, Windows Report, Zacks Investment Research, Capacity Media, Benzinga, Forbes Middle East, Motley Fool, Analytics India Magazine, Financial Times, DigiTimes, Implicator.ai, The Economic Times, The Register, Dallas Morning News, The Verge, CNBC, Fortune, The Independent, Barron's Online, Axios, and Bloomberg
X: @paraschopra, @brij, @oracle, @scottew, @andrewcurran_, @yonashav, @chatgpt21, @zephyr_z9, and @openai. LinkedIn: Chris Lehane
Forums: r/singularity, r/OpenAI, r/singularity, r/accelerate, r/wallstreetbets, and r/oracle
| Bloomberg: |
Sources: Oracle seeks to borrow $15B through the US sale of corporate bonds, as it begins to fulfill massive cloud infrastructure deals with OpenAI and others — Oracle Corp. is seeking to borrow $15 billion from the US investment-grade bond market on Wednesday, according to people familiar with the matter.| Financial Times: |
A look at some uncertainties surrounding Nvidia's proposed $100B investment in OpenAI, including concerns about the agreement's circular structure — Jensen Huang seeks to ensure US chipmaker stays at the heart of new tech — Tim Bradshaw in London, George Hammond in Abilene, Texas and Stephen Morris in San Francisco| Elizabeth Chamberlain / iFixit News: |
iPhone 17 Pro teardown: the anodized aluminum scratches badly around the camera plateau edge, the screwed-in battery is a nice repairability upgrade, and more — iPhone 17 Pro Teardown — The anodized aluminum finish on the brand new iPhone 17 Pro is gorgeous, right up until it meets …
More: iFixit on YouTube, Computerworld, MacRumors, GSMArena.com, The Verge, Cult of Mac, T3, TechRadar, Tom's Guide, Moneycontrol, Business Standard, BGR, iThinkDifferent, Android Authority, Creative Bloq, The Verge, PCMag, 9to5Mac, AppleInsider, Tom's Guide, ZDNET, Mashable, The Tab, iThinkDifferent, Gizchina, and The Independent
| Imran Rahman-Jones / BBC: |
UK's National Crime Agency says it's arrested a man in connection with a cyberattack that has caused days of disruption at Heathrow and other European airports — A person has been arrested in connection with a cyber-attack which has caused days of disruption at several European airports including Heathrow.
More: National Crime Agency, TechCrunch, BleepingComputer, Silicon Republic, Cybersecurity Dive, Reuters, Associated Press, Metacurity, The Register, The Record, UPI, Global News, Bloomberg, SecurityWeek, One America News Network, DeviceSecurity.io, Daily Mail, The Guardian, The Sun, Metro.co.uk, KYMA-TV, Hackread, The Independent, Cyber Security News, Euro Weekly News, and Daily Sabah
| Blockworks: |
Zerohash, which provides on-chain infrastructure for businesses to offer trading, stablecoin payments, and more, raised a $104M Series D-2 at a $1B valuation — Funding round draws Morgan Stanley, SoFi and Apollo, underscoring rising demand for regulated on-chain infrastructure
More: CNBC, GlobeNewswire News Room, Ventureburn, and Decrypt
| Luz Ding / Bloomberg: |
Alibaba's Hong Kong-listed shares hit a nearly four-year high after CEO Eddie Wu announced plans to increase AI spending beyond the $53B target over three years — Alibaba Group Holding Ltd.'s shares surged to their highest in nearly four years after revealing plans to ramp up AI spending past …
More: South China Morning Post, Investor's Business Daily, Implicator.ai, Yahoo Finance, Proactive, Benzinga, The Indian Express, The Information, ZeroHedge News, CNBC, Bloomberg, Wall Street Journal, Morningstar, Inc., TechNode, and MarketWatch
X: @scaling01, @poezhao0605, and @scaling01
Forums: r/wallstreetbets and r/baba
| Simon Willison / Simon Willison's Weblog: |
More: Livemint, Implicator.ai, Hugging Face, Forbes Middle East, WinBuzzer, Analytics India Magazine, and Reuters
X: @alibaba_qwen, @emollick, @alibaba_qwen, @bindureddy, @alibaba_qwen, @awnihannun, @teortaxestex, @lateinteraction, @theahmadosman, @andimarafioti, @justinlin610, @_akhaliq, @omarsar0, @tianbaox, @justinlin610, @sixsigmacapital, @arankomatsuzaki, @ai_for_success, @tryagentsea, @justine_chang39, @reach_vb, @mervenoyann, @alibaba_qwen, @chujiezheng, @alibaba_qwen, @huybery, and @jw2yang4ai
Bluesky: @sungkim and @timkellogg.me. Threads: @naveed_ullah600. Mastodon: @simon@fedi.simonwillison.net. Forums: Hacker News
| Ivan Mehta / TechCrunch: |
Emergent, which lets non-technical users build apps via AI agents that handle coding errors and more, raised a $23M Series A, bringing its total funding to $30M — In the last decade, as the camera quality of smartphones improved, platforms like Instagram, YouTube, and TikTok rose in popularity for photo and video sharing.| Washington Post: |
How Trump leveraged Biden's TikTok ban law to help allies gain control of the app, amid fears it could be used to boost pro-Trump content and suppress criticism — The Biden administration argued a forced sale of the app would protect it from political influence.
Bluesky: @karissabe, @cravenlovelace, @cjsprigman, @emmalbriant, @zakwilliamswzw, and @drewharwell.com
Mastodon: @carnage4life@mas.to and @eff@mastodon.social
| Kurt Wagner / Bloomberg: |
Meta says Instagram has hit 3B monthly users and is changing its home screen to prioritize DMs and Reels; it is testing opening directly into Reels in India — Instagram has reached 3 billion monthly users, cementing the network as one of the most popular consumer apps of all time and leading … | Saritha Rai / Bloomberg: |
Bain: by 2030, AI companies will need $2T in combined annual revenue to fund compute power to meet projected demand, but are likely to fall short by $800B — Artificial intelligence companies like OpenAI have been quick to unveil plans for spending hundreds of billions of dollars on data centers …
More: Fortune, Tom's Hardware, Bain, Quartz, and Bain
LinkedIn: Vladimir Pakhomov and Saritha Rai
Bluesky: @dschatsky, @jessefelder, and @carnage4life
Forums: r/StockMarket and Slashdot
| Bloomberg: |
Sources: Tether is in talks to raise $15B to $20B in exchange for a ~3% stake through a private placement in a deal that could value the company at ~$500B — Tether Holdings SA, issuer of the world's largest stablecoin, is in talks with investors to raise as much as $20 billion …
More: Unchained, Bitcoinist.com, Cryptonews, CNBC, Reuters, Financial Times, Proactive, BeInCrypto, CryptoPotato, CoinGeek, Blockhead, Bitcoin Insider, The Crypto Times, crypto.news, Yahoo Finance, Blockchain.News, The Block, and Decrypt
| Jeremy Kahn / Fortune: |
Synthesized, which is developing AI tools to automate software testing, raised a $20M Series A led by Redalpine — Synthesized, a London- and New York-based startup that uses artificial intelligence to automate software testing, has raised $20 million in new venture capital funding …
More: EU-Startups and UK Tech Investment News
| Xavier René-Corail / The GitHub Blog: |
GitHub outlines plans to secure npm following multiple supply-chain attacks, including deprecating legacy classic tokens and migrating users to FIDO-based 2FA — Addressing a surge in package registry attacks, GitHub is strengthening npm's security with stricter authentication, granular tokens … | Kate Clark / Bloomberg: |
VCs court top AI startups with preempted rounds and perks like private jets; PitchBook: US AI startups raised $200B in 2025, with 41% going to just 10 companies — Private jets, box seats and big checks. Investors are doing whatever it takes to get into top AI deals.| Lucinda Shen / Axios: |
WeTravel, whose travel payments software is used by group travel operators, raised a $92M Series C at a ~$450M valuation, up from ~$100M in 2022 — WeTravel, a travel payments software company, raised $92 million in Series C funding, CEO Ted Clements tells Axios.
More: EU-Startups
| Lawrence Bonk / Engadget: |
Spotify reinstates integration with third-party DJ software for Premium subscribers in 51 markets, including the US, after pulling support in 2020 — Budding mixmasters can create sets from pre-existing playlists. — Spotify just announced integration with popular DJ software platforms like rekordbox, Serato and djay.
More: TechCrunch, MacRumors, 9to5Mac, Spotify, and The Verge
| Ivan Mehta / TechCrunch: |
Huxe, an app built by three former NotebookLM developers that offers users personalized daily briefs and topic exploration with AI podcast hosts, raised $4.6M — Google's AI note-taking and research assistant NotebookLM took off to a spectacular reception at launch, capturing people's imaginations …
X: @peterdedene, @andrewcurran_, @gethuxe, @jayspiel_, and @techcrunch
LinkedIn: Huxe and Jason Spielman
| The Economic Times: |
Indian digital payments giant PhonePe confidentially files for an IPO in India, seeking to raise $1.5B, sources say at a valuation of $15B — PhonePe, supported by Walmart, has confidentially filed its DRHP with SEBI. The digital payments platform reduced its net loss by 13.4% to Rs 1,727.4 crore … | Bloomberg: |
Taiwan curbs chip exports to South Africa over national security concerns, the first time it has used its chip industry as a weapon against a China ally — Taiwan has imposed restrictions on the export of chips to South Africa over national security concerns, taking the unusual step of using …
More: DatacenterDynamics, Taipei Times, Yahoo Finance, TechCabal, and Silicon Republic
| Bloomberg: |
Report: China's market regulator drafts rules to curb “coercive competition” in the online food delivery market, spurring a rally in Meituan and JD.com's shares — China's market watchdog is initiating a series of moves to tamp down runaway competition in the meal delivery arena …
More: Blockchain.News
| Catharine Tunney / CBC News: |
A joint investigation by Canadian privacy authorities finds TikTok collected sensitive personal data from hundreds of thousands of Canadian children under 13 — Social media platform removing 500,000 Canadian kids from its platform each year — The immensely popular social media app TikTok …
More: BetaKit, Music Ally, Office of the Privacy Commissioner of Canada, BBC, MediaNama, Cyber Daily, Anadolu Ajansı …, Globe and Mail, and Global News
Forums: r/technology, r/onguardforthee, r/CanadaPolitics, and r/worldnews
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