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December 18, 2025, 12:15 PM
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Top News

Fanny Potkin / Reuters:
Sources: China built a working prototype of an EUV machine in early 2025 with a team of former ASML engineers who reverse-engineered the company's EUV machines  —  In a high-security Shenzhen laboratory, Chinese scientists have built what Washington has spent years trying to prevent …
Financial Times:
Trump Media agrees to merge with Google-backed fusion energy company TAE in a $6B deal and build the “world's first utility-scale fusion power plant” in 2026  —  Trump Media & Technology Group's shares rise 37% after deal with TAE Technologies  —  The Trump family media group …
Jay Peters / The Verge:
Filing: Sony and Tencent reach a “confidential settlement” over Tencent's Light of Motiram, a game that Sony alleged was a “slavish clone” of its Horizon series  —  Sony and Tencent have reached a ‘confidential settlement,’ and Light of Motiram is no longer listed on Steam or the Epic Games Store.
Rebekah Valentine / IGN:
Circana: Xbox Series console sales fell 70% YoY to an all-time low in November, compared to the PS5's 40% YoY drop and Switch 1 and 2's combined 10% YoY fall  —  Down again.  —  This morning, we learned that November was a surprisingly bad month for video game spending across the board.
Juli Clover / MacRumors:
Apple makes iOS changes in Japan to comply with local laws, including alternative app stores and payment options, a new fee structure, and new default controls  —  Apple today introduced several changes to the App Store in Japan to meet the requirements of the Mobile Software Competition Act (MSCA) that goes into effect on December 18.
Tim Sweeney / @timsweeneyepic:
Tim Sweeney says Fortnite will not return to iOS in Japan in 2025, as Apple is “charging a competition-crushing 21% junk fee on third-party in-app payments”
OpenAI:
OpenAI opens app submissions for review and publication in ChatGPT, where users can discover or search for apps in a new app directory  —  We're opening app submissions for review and publication in ChatGPT, and users can discover apps in the app directory.  —  Earlier this year at DevDay, we introduced apps in ChatGPT.
Niko Gallogly / New York Times:
Stockholm-based vibe coding startup Lovable raised $330M led by CapitalG and Menlo Ventures at a $6.6B valuation, up from $1.8B after raising $200M in July  —  The Swedish company is now valued at $6.6 billion, more than triple its $1.8 billion valuation set by investors in July.
Axios:
FCC Chairman Brendan Carr tells a Senate committee the FCC “is not an independent agency”; the agency removed “independent agency” from its site as he testified  —  FCC Chairman Brendan Carr said in his Wednesday Senate testimony that the agency he governs “is not an independent agency, formally speaking.”
The Information:
Sources: OpenAI has held preliminary discussions with investors about raising tens of billions of dollars, and as much as $100B, at a valuation of around $750B  —  OpenAI has held preliminary discussions with some investors about raising new funding at a valuation of around $750 billion …
MacKenzie Sigalos / CNBC:
Coinbase rolls out stock trading, more advanced trading tools, prediction markets via Kalshi, and other features, amid a push to be a one-stop financial app  —  Coinbase is making its biggest push yet to reposition itself as a mainstream trading and financial platform, moving beyond crypto …
Chainalysis:
North Korean hackers stole a record $2.02B in crypto in 2025, a 51% YoY rise that takes its cumulative stolen total to $6.75B; individual wallet hacks hit 158K  —  TL;DR  — North Korean hackers stole $2.02 billion in cryptocurrency in 2025, a 51% year-over-year increase …
Shakeel Hashim / Transformer:
UK AI Security Institute report: AI models are rapidly improving at potentially dangerous biological and chemical tasks, and show fast jumps in self-replication  —  AI models are rapidly improving at potentially dangerous biological and chemical tasks, and also showing fast increases …
Ivan Mehta / TechCrunch:
Luma AI launches Ray3 Modify, which allows users to modify existing footage by providing character reference images; users can also define start and end frames  —  Luma, the a16z-backed AI video and 3D model company, released a new model called Ray3 Modify that allows users to modify existing footage …
Rachel Metz / Bloomberg:
Edison, which last month released AI tool Kosmos to speed up and automate complex scientific hypothesis generation, raised $70M at a $250M valuation  —  A startup building artificial intelligence software to speed up and automate scientific research has raised $70 million in a new funding round …
More: FinSMEs
Jody Godoy / Reuters:
Sources: the US FTC is investigating Instacart's AI pricing tool, after a study showed different prices for the same items at the same stores; CART drops 8%+  —  The U.S. Federal Trade Commission is probing Instacart (CART.O), two sources familiar with the matter told Reuters …

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This is a Techmeme archive page. It shows how the site appeared at 12:15 PM ET, December 18, 2025.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

From Mediagazer

Todd Spangler / Variety:
Disney reports Q1 revenue up 5% YoY to $26B, driven by Zootopia 2 and a record $10B revenue from Experiences; streaming operating income rose 72% YoY to $450M

Thomas Buckley / Bloomberg:
Sources: Disney's board is aligning on promoting theme park division chairman Josh D'Amaro to CEO; Disney says “the board has not yet selected the next CEO”

Rebecca Rubin / Variety:
Amazon's Melania documentary opens with $7M at the North American box office, above pre-release estimates of $3M to $5M; Amazon spent $75M on the documentary

More News

Issie Lapowsky / Rest of World:
Sources detail how Tiger Global fueled the COVID-era unicorn bubble that burst ahead of the AI boom; the firm recently shared its $12.7B 2021 fund is now up 16%

Earlier Picks

Ivan Mehta / TechCrunch:
Meta is testing limiting Facebook professional accounts and Pages to posting just two links per month, unless they subscribe to $14.99+/month Meta Verified
Todd Bishop / GeekWire:
Amazon's AGI team lead, Rohit Prasad, is leaving at the end of 2025; AWS SVP Peter DeSantis will lead a group combining AI, silicon, and quantum computing teams
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