Techmeme
September 28, 2025, 12:00 AM

Top News

Lee Jung-joo / The Korea Herald:
A fire at South Korea's National Information Resources Service's data center shut down 647 government IT systems, disrupting services such as postal banking  —  Covering social issues on Seoul, civil security, climate  —  A fire at the National Information Resources Service's data center …
Arasu Kannagi Basil / Reuters:
Fermi, a data center real estate investment trust co-founded by former Energy Secretary Rick Perry, aims to raise $550M in a US IPO at a $13.16B valuation  —  Fermi, co-founded by former U.S. Energy Secretary Rick Perry, is targeting a valuation of up to $13.16 billion in its U.S. initial public offering …
Eric Newcomer / Newcomer:
Leaked a16z decks: $25B in net returns since its 2009 founding, including $11.2B in 2021, and 56 unicorn investments in the past 10 years, the most of any firm  —  The firm has held its $900 million 2012 Fund III at 9.4x net TVPI.  —  ∙ Paid  —  Andreessen Horowitz is perhaps …
Wall Street Journal:
A look at the setbacks facing the US DOD's Replicator program that seeks to quickly produce low-cost drones and other autonomous weapons to counter China  —  The work is being shifted to a new organization, called DAWG, to accelerate plans to buy thousands of drones
Trishla Ostwal / Adweek:
Friend, which launched a $129 AI-powered, always-listening necklace, plasters NYC subway with ads in $1M+ campaign that includes over 1,000 platform posters  —  The OOH ads blanketing all five boroughs deliberately court controversy  —  The founder of Friend is betting on making enemies.
The Information:
Sources: data integration company Fivetran is in talks to acquire data management company dbt Labs in a deal valuing the combined entity at between $5B and $10B  —  Fivetran, a startup used by companies to manage and prepare data for analytics and artificial intelligence …
Lulu Yilun Chen / Bloomberg:
A profile of Ant International, Ant Group's cross-border payments unit using AI and blockchain for treasury management, which handled $1.1T in cash flow in 2024  —  Ant International is using its vast data trove and AI engineering expertise to muscle into the overlooked yet lucrative world of global cash management.
More: Nikkei AsiaX: @wh75017 and @sachi_gkpLinkedIn: Chris ZhangBluesky: @commercialsolarguy.com
Jordyn Holman / New York Times:
Q&A with Oura CEO Tom Hale on why many CEOs love its rings, competition from Apple, and more; Oura sold 2.5M rings in 2024 and expects $1B revenue in 2025  —  Oura Health makes a pricey smart ring that busy executives, celebrities and others use to track health measures like their sleep patterns.
More: Men's Health
Foster Wong / Bloomberg:
China's central bank opens a digital yuan hub in Shanghai; a Chinese state media report says the hub will oversee cross-border payments and blockchain tech  —  China's central bank has opened a digital yuan operations center in Shanghai featuring platforms for cross-border payments …
Brian Merchant / Blood in the Machine:
A look at some California tech regulation bills, including one banning AI use in firing or disciplining workers, that await Gov. Newsom's signature or his veto  —  Hello friends, fam, and luddites -  —  Speaking of luddites, I was completely and pleasantly surprised to see the last post blow up.
Maxwell Zeff / TechCrunch:
Bloomberg:
Google agrees to guarantee $1.4B of a $3B contract between AI computing startup Fluidstack and Cipher Mining, and gets the right to buy a 5.4% stake in Cipher  —  Alphabet Inc.'s Google has agreed to anchor a $3 billion data center contract with Cipher Mining Inc. in the latest tie up between …
New York Times:
International Federation of Robotics: Chinese factories installed ~300K new robots in 2024, more than the rest of the world combined; US factories installed 34K  —  China has embarked on a campaign to use more robots in its factories, transforming its manufacturing industries and becoming the dominant maker.

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