Techmeme
July 8, 2025, 4:15 AM

Top News

Mark Gurman / Bloomberg:
Sources: Ruoming Pang, head of the foundation models team at Apple, is leaving to join Meta, which offered a package worth tens of millions of dollars per year  —  Ruoming Pang, a distinguished engineer and manager in charge of the company's Apple foundation models team, is departing, according to people with knowledge of the matter.
Reuters:
Samsung projects Q2 operating profit down 56% YoY to $3.3B, below $4.5B est., due to struggles in its chip business stemming from the US' China export controls  —  Samsung Electronics (005930.KS) on Tuesday projected a 56% drop in second-quarter operating profit from a year earlier …
Dana Wollman / Bloomberg:
CoreWeave says it has agreed to acquire bitcoin miner Core Scientific in a ~$9B all-stock deal, set to close in Q4 2025, to expand its AI data center capacity  —  The transaction values Core Scientific's stock at $20.40 per share, according to a statement from CoreWeave on Monday.
Sean Hollister / The Verge:
Epic reaches a settlement with Samsung, which it sued over allegedly conspiring with Google to undermine third party app stores  —  Epic isn't saying what it got out of Samsung. … An “Auto Blocker” feature on Samsung Android phones, which was turned on by default, automatically kept users …
Sarah Perez / TechCrunch:
In iOS 26 beta 3, Apple dials back the degree of transparency in many UI elements, following user complaints about its new Liquid Glass design language  —  The iPhone's new glassy look has been toned down with Monday's release of the third developer beta of iOS 26.
MacKenzie Sigalos / CNBC:
Jack Dorsey shares TestFlight and GitHub links to his “weekend project”, Bitchat, a decentralized P2P messaging iOS app that relies on Bluetooth mesh networks  —  Block CEO Jack Dorsey spent the weekend building Bitchat, a new decentralized, peer-to-peer messaging app that works entirely …
Kate Clark / Bloomberg:
An open letter signed by 602 founders, VCs, and more urges Sequoia act after Shaun Maguire said Zohran Mamdani “comes from a culture that lies about everything”  —  Startup executives from Dubai to Cupertino are asking Sequoia to apologize for a partner's post on X
Emanuel Maiberg / 404 Media:
A look at various responses to AI companies' scraping, including open source Anubis that uses cryptographic JavaScript challenges and Cloudflare's “link mazes”  —  For someone who says she is fighting AI bot scrapers just in her free time, Xe Iaso seems to be putting up an impressive fight.
Anthony Hughes / Bloomberg:
Quantum computing company IonQ raised $1B via a sale of stock and warrants to Heights Capital Management, an affiliate of Susquehanna International Group  —  Shares of IonQ fell 1.4% to $43.79 apiece as of 10:20 a.m. on Monday in New York.  The stock has more than doubled from $18 each in early March.
Kevin Breuninger / CNBC:
Trump announces 25% tariffs on Japan, South Korea, and Malaysia, 32% for Indonesia, 36% for Cambodia and Thailand, 40% for Laos and Myanmar, starting August 1  —  At least 14 countries' imports are set to face steep blanket tariffs starting Aug. 1, President Donald Trump revealed Monday.
Sri Muppidi / The Information:
Document: OpenAI told investors stock compensation jumped over 5x in 2024 to $4.4B, or 119% of its total revenue, but expects it to drop to under 10% by 2030  —  OpenAI has signaled it will hike pay for some employees in the wake of a raid by Meta Platforms on its artificial intelligence researchers.

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Earlier Picks

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