Techmeme
December 19, 2025, 4:40 PM

Top News

Financial Times:
Memo: TikTok CEO Shou Zi Chew says ByteDance's US entities will retain direct control over core US revenue drivers, including ecommerce, ads, and marketing  —  Oracle, Silver Lake and MGX to invest in new data security joint venture as part of Trump-brokered deal
Karl Bode / Techdirt:
The TikTok deal is the worst of all possible outcomes, shifting ownership of TikTok to Trump's allies, while maintaining the supposed problematic links to China  —  There were rumblings about this for a while, but it looks like the Trump TikTok deal is done, and it's somehow the worst …
Alex Weprin / The Hollywood Reporter:
Financial Times:
Sources: UK officials believe China was behind the October cyber attack on the UK's Foreign Office, which aimed to access tens of thousands of sensitive files  —  The UK's Foreign Office was the victim of a major cyber attack in October, which officials believe was carried out by Chinese hackers.
Sarah Perez / TechCrunch:
Netflix acquires avatar creation platform Ready Player Me to let its subscribers carry their personas and fandoms across games; the startup raised $72M  —  After shifting its gaming strategy to focus more on games played on the TV, Netflix announced it's acquiring Ready Player Me, an avatar creation platform based in Estonia.
Olga Kharif / Bloomberg:
Coinbase sues Connecticut, Illinois, and Michigan over attempts to regulate prediction markets, arguing that the markets fall under CFTC's jurisdiction  —  Coinbase Global Inc. said it is suing the US states of Michigan, Illinois and Connecticut over their attempts to regulate prediction markets.
Beatrice Nolan / Fortune:
Cursor-developer Anysphere acquires code review startup Graphite and says Graphite will continue operating as an independent product  —  The AI coding market is booming amid enterprise adoption.GRAPHITE  —  Anysphere, the company behind Cursor, is buying code review startup Graphite in a deal …
Adamya Sharma / Android Authority:
Samsung unveils the Exynos 2600, the world's first smartphone SoC built on a 2nm Gate-All-Around process, expected to power some Galaxy S26 and S26 Plus models  —  Galaxy S26 could get Samsung's boldest chip yet: Meet the 2nm Exynos 2600.  —  •  —  TL;DR
The San Francisco Standard:
California reaches a $50M settlement with Meta to resolve claims that Facebook users were misled about their ability to limit who could see personal details  —  California Attorney General Rob Bonta on Thursday announced a $50 million settlement with Meta Platforms Inc. …
More: Fox News
Emily Mullin / Wired:
Source: Sam Altman's Merge Labs, which seeks to read brain activity using ultrasound, is being spun out of LA-based nonprofit Forest Neurotech  —  Merge Labs, a brain-computer interface startup that seeks to read brain activity using ultrasound, is being spun out of Forest Neurotech, a Los Angeles nonprofit.
Physical Intelligence:
AI robotics startup Physical Intelligence says it saw improvements in its vision-language-action model by including human video data in the fine-tuning process  —  HUMAN DATA  —  NEW ROBOT CAPABILITIES  —  One of the most exciting (and perhaps controversial) phenomena in large language models is emergence.
Bloomberg:
Sources: ByteDance is on track for ~$50B profit in 2025 after generating a ~$40B net income in the first three quarters, surpassing its internal target for 2025  —  ByteDance Ltd. is on track for profits of roughly $50 billion in 2025, capping a record year for a Chinese social media leader …
Eleanor Olcott / Financial Times:
Sources: China is retrofitting older models of ASML's DUV machines to produce advanced smartphone and AI chips, exposing cracks in US-led export controls  —  Restricted chipmaking tools are being retrofitted to make advanced AI chips, exposing cracks in US-led export controls
Chris McGuire / Council on Foreign Relations:
Jesse Hamilton / CoinDesk:
The US Senate confirms FDIC acting chairman Travis Hill to lead the agency, which regulates stablecoin issuers and impacts how the crypto industry is banked  —  In a package of confirmations, the U.S. Senate approved Mike Selig to lead the CFTC and Travis Hill to run the FDIC, both with major potential reach into crypto.
Lydia Beyoud / Bloomberg:

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More News

Miranda Bryant / The Guardian:
Alex Heath / Sources:

Earlier Picks

Vicky Ge Huang / Wall Street Journal:
Cecilia D'Anastasio / Bloomberg:
Suzanne Smalley / The Record:
Mistral AI:
Jake Bleiberg / Bloomberg: