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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.

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From Mediagazer

CNN:
David Ellison tells Skydance staff he supports CNN's legal action to regain access to covering Trump, reiterates his belief in editorial independence, and more

Jake Kanter / Deadline:
In a speech to staff, BBC DG Matt Brittin outlined his vision for the Silicon Valley-ization of the BBC, including an AI agent for iPlayer called Iggy

John Hendel / Politico:
ABC's lawyer tells a US federal judge that ABC is already tempering its election coverage ahead of the midterms due to threats from Trump and Brendan Carr

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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