Techmeme
September 28, 2025, 1:55 AM

Top News

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 …
Lee Jung-joo / The Korea Herald:
South Korea confirms that a fire at National Information Resources Service's data center, housing 647 government IT systems, directly damaged 96 of them  —  Covering social issues on Seoul, civil security, climate  —  The Ministry of Interior and Safety said Sunday that recovery work …
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
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
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
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 …
Financial Times:
The US ambassador to the EU Andrew Puzder says the EU must either prove that its digital rules, such as the DMA, do not punish US tech companies or change them  —  Donald Trump's ambassador to EU says no US president can ‘allow these kinds of infringements’ on American companies
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:

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Earlier Picks

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Bloomberg: