Techmeme
June 21, 2025, 2:20 AM

Top News

Financial Times:
Sources: Mira Murati's Thinking Machines Lab raised $2B led by a16z at a $10B valuation; Murati will hold board voting rights that outweigh all other directors  —  Six-month-old secretive AI start-up in one of the largest initial funding rounds in Silicon Valley's history
Bloomberg:
Sources: Meta held talks with Perplexity about a possible takeover and tried to hire CEO Aravind Srinivas before moving ahead with its investment in Scale AI  —  The two companies couldn't come to an agreement and decided not to pursue the deal, said the people, who asked not to be named as the details of the talks aren't public.
Mark Gurman / Bloomberg:
Sources: Apple execs have held internal discussions about bidding for, or partnering with, Perplexity, seeking to address the need for more AI talent and tech  —  Apple Inc. executives have held internal discussions about potentially bidding for artificial intelligence startup Perplexity AI …
Alex Heath / The Verge:
Meta unveils the $399+ Oakley Meta HSTN glasses, with Meta AI and the features of its Ray-Ban models, plus 3K video recording and double the battery life  —  The new lineup starts at $399 and captures 3K video. … Meta is announcing its next pair of smart glasses with Oakley.
Dan Goodin / Ars Technica:
Cloudflare says it mitigated a record-breaking 7.3Tbps DDoS attack in mid-May, which delivered 37.4TB of junk traffic to the target in just 45 seconds  —  Large-scale attacks designed to bring down Internet services by sending them more traffic than they can process keep getting bigger …
Marina Temkin / TechCrunch:
Cluely, which wants to help users “cheat on everything”, including job interviews and exams, raised a $15M Series A led by a16z, two months after a $5.3M seed  —  Cluely, a startup that claims to help users “cheat” on job interviews, exams, and sales calls, has raised …
Ina Fried / Axios:
Anthropic's test of 16 top AI models from OpenAI and others found that, in some cases, they resorted to malicious behavior to avoid replacement or achieve goals  —  Large language models across the AI industry are increasingly willing to evade safeguards, resort to deception and even attempt …
Jonathan Greig / The Record:
Insurance giant Aflac says a cybercrime group breached its systems and may have stolen data; source: the attack bears the hallmarks of Scattered Spider  —  Insurance company Aflac said a “sophisticated cybercrime group” breached its systems and may have stolen data.
Wall Street Journal:
Sources: a US official told Samsung, SK Hynix, and TSMC that the US may revoke waivers that let them ship US chipmaking equipment to their factories in China  —  Move isn't meant to escalate trade tensions, White House officials say  —  A U.S. official told top global semiconductor makers …
Reed Albergotti / Semafor:
Sources: Reddit is exploring Tools for Humanity's World ID identity system to allow users to verify that they are unique individuals while remaining anonymous  —  THE SCOOP  —  Reddit is considering using World ID, the verification system based on iris-scanning Orbs whose parent company was co-founded by OpenAI CEO Sam Altman.
Bloomberg:
Sources: Masayoshi Son is pitching Trump officials and TSMC on a Shenzhen-like $1T AI and robotics manufacturing hub in Arizona, codenamed Project Crystal Land  —  Musk's xAI Sparks New EU Scrutiny Ahead of Potential X Penalty  —  Iran-Israel Conflict Spreads to Hacks on Banks, Crypto
South China Morning Post:
How Huawei has remained resilient in the face of US sanctions; Mizuho: about 700,000 units of Huawei's Ascend 910 series are expected to ship in 2025  —  Huawei is expected to ship about 700,000 Ascend AI processors in 2025, according to Mizuho estimates  —  By Ann Caoin Shanghai and Wency Chenin Shanghai
Pritam Biswas / Reuters:
Corporate travel and expense management service Navan, formerly known as TripActions, confidentially files for a US IPO; it was valued at $9.2B in October 2022  —  Corporate travel and expense company Navan said on Friday it had confidentially filed for a U.S. initial public offering …
More: Skift
Monique Mulima / Bloomberg:
Canadian crypto companies are encountering regulatory challenges in introducing a local stablecoin, as the US advances stablecoin legislation  —  While the US Senate advanced far-reaching stablecoin legislation, Canadian companies are pushing to get even the most basic stablecoin products available for users in the country.
More: Unchained and BetaKit

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Earlier Picks

Ryan Browne / CNBC:
Wen-Yee Lee / Reuters:
Barbara Ortutay / Associated Press:
Guillaume Grallet / Le Point: