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July 2, 2025, 8:25 AM
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Top News

Zoë Schiffer / Wired:
Source: Mark Zuckerberg has, on 10+ occasions, offered top AI research talent up to $300M over four years, with $100M+ in total compensation for the first year  —  The Meta CEO is leading a hiring blitz, offering top talent at OpenAI eye-watering pay packages and endless access to cutting-edge chips.
Zoë Schiffer / Wired:
In a memo to OpenAI researchers, Sam Altman said “missionaries will beat mercenaries” and “there is much, much more upside to OpenAI stock than Meta stock”  —  “What Meta is doing will, in my opinion, lead to very deep cultural problems,” said CEO Sam Altman in a leaked memo sent to OpenAI researchers.
Jordan Novet / CNBC:
Figma files for an IPO, plans to trade on the NYSE under the ticker FIG, and reports Q1 revenue up 46% YoY to $228.2M and net income up 233% YoY to $44.9M  —  Design software company Figma filed for an IPO on Tuesday, and plans to trade on the New York Stock Exchange under ticker symbol “FIG.”
Kurt Wagner / Bloomberg:
X says it will start to publish Community Notes written by AI agents and developers will soon be able to submit their own AI agents for the company to review  —  Elon Musk's X will start to publish Community Notes written by artificial intelligence agents, a move to increase the speed …
Tabby Kinder / Financial Times:
Sources: Palmer Luckey is preparing to launch Erebor, a US bank backed by Joe Lonsdale and other tech investors to serve startups, including crypto businesses  —  Start-up named after the dragon's mountain in ‘Lord of the Rings’  —  A group of tech billionaires led by Palmer Luckey …
Reuters:
Sources: Intel is considering writing off its 18A and 18A-P manufacturing processes and stopping their marketing, focusing instead on 14A to compete with TSMC  —  Intel's (INTC.O) new chief executive is exploring a big change to its contract manufacturing business to win major customers …
Lawrence Abrams / BleepingComputer:
Qantas discloses a data breach after hackers gained access to a third-party platform with personal data of 6M customers, but says no financial info was exposed  —  Australian airline Qantas disclosed that it detected a cyberattack on Monday after threat actors gained access to a third-party platform containing customer data.
Danielle Popov / South China Morning Post:
TikTok launches its e-commerce platform, TikTok Shop, in Japan, marking its 17th market, following launches in the US, the UK, Malaysia, Thailand, and others  —  TikTok has launched its e-commerce platform in Japan, enabling users to directly buy products featured in videos, as the app continues to face an uncertain future in the US.
Jeremie Eliahou Ontiveros / SemiAnalysis:
A deep dive into Oracle's data center strategy and its emergence as an AI computing powerhouse, amid questions about the sustainability of the GPU business  —  Oracle's Cloud Infrastructure business is firing on all cylinders and is greatly outpacing expectations.
Bloomberg:
Nothing unveils the $799 Phone 3, with a 6.7" AMOLED display, Snapdragon 8s Gen 4 chip, three 50MP rear cameras, and the $299 Headphone 1, both shipping July 15  —  The five-year-old company, known for its bold designs, unveiled the Phone 3 and a pair of similarly quirky headphones.
Bloomberg:
Sources: Apple supplier Luxshare is working with Goldman Sachs and others on a Hong Kong IPO that could happen as soon as this year, aiming to raise over $1B  —  The Shenzhen-listed Apple Inc. supplier is aiming to raise more than $1 billion in a share sale that could take place as soon as this year …
Blake Brittain / Reuters:
A California jury rules Google is liable in a 2019 class action lawsuit over collecting information from users' devices without permission and must pay $314.6M+  —  A jury in San Jose, California, said on Tuesday that Google misused customers' cell phone data and must pay more than $314.6 million …

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 8:25 AM ET, July 2, 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

Lauren Thomas / Wall Street Journal:
Sources: activist investor Ancora Holdings has built a roughly $200M stake in WBD and is planning to oppose the Netflix-WBD deal, favoring a deal with Paramount

Amanda Meade / The Guardian:
Lenore Taylor, editor of Guardian Australia, is leaving the outlet after 13 years in senior roles and 10 years as editor; David Munk will serve as acting editor

Tina Brown / FRESH HELL Tina Brown's Diary:
The Jeff Bezos who bought WaPo in 2013 is not the same one allowing its destruction now, and he has ended the myth that a tech billionaire could save journalism

More News

Allie Garfinkle / Fortune:
Ambrook, a startup providing specialized accounting software for US farmers and ranchers, raised a $26.1M Series A led by Thrive Capital and Figma's Dylan Field
The Information:
Sources: Anthropic's revenue hit a pace of $4B/year, up almost 4x from the beginning of 2025; Cursor maker Anysphere has poached two of Claude Code's leaders

Earlier Picks

Emma Roth / The Verge:
AT&T launches Account Lock to protect wireless users against SIM swapping attacks, following similar features from T-Mobile, Verizon, and Google Fi
Emma Roth / The Verge:
Threads launches DMs for users aged 18 and older, without support for E2EE, and announces a “highlighter” feature to emphasize trending topics
Avery Lotz / Axios:
Trump says “We might have to put DOGE on Elon”, “DOGE is the monster that might have to go back and eat Elon”, and “We'll have to take a look” at deporting Musk
Maxwell Zeff / TechCrunch:
Cloudflare debuts “Pay per Crawl”, a marketplace that lets sites charge AI crawlers per crawl; new sites using Cloudflare will now block AI crawlers by default
Bloomberg:
The Senate votes 99-1 to remove a Trump tax bill provision that would have barred states from regulating AI if they got funding from a $500M broadband program
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