Techmeme
July 8, 2025, 10:22 PM

Top News

Mark Gurman / Bloomberg:
Apple says COO Jeff Williams will retire later this year, and Sabih Khan, Apple's SVP of Operations, will take over much of his role later this month  —  Apple Inc. Chief Operating Officer Jeff Williams is retiring as the company's longtime No. 2, marking a major changing of the guard at an already tumultuous time for the iPhone maker.
Chance Miller / 9to5Mac:
Apple says its design team will report to Tim Cook after Jeff Williams retires; Williams was overseeing the team following Evans Hankey's departure in 2023  —  Apple today announced that COO Jeff Williams will retire later this year, with Sabih Khan set to assume the COO role later this month.
NBC News:
More: Rolling Stone, The Atlantic, The Verge, Ars Technica, New York Times, Wired, TechCrunch, Financial Times, Engadget, Gizmodo, Axios, SiliconANGLE, Wall Street Journal, Washington Post, Decrypt, Bloomberg, Mercury News, Forbes, The Guardian, KTVU-TV, Business Insider, CNBC, Raw Story, Mediaite, CBS News, Alternet.org, Zeteo, The Wrap, Newsweek, Daring Fireball, New Republic, The Forward, Türkiye Today, Lawyers, Guns & Money, Algemeiner.com, iPhone in Canada, Business Insider, and Ace of Spades HQ
Washington Post:
Sources: an impostor used AI to mimic Marco Rubio's voice and writing style and contacted foreign ministers, a US governor, and a member of Congress  —  The unknown individual contacted at least five government officials, including three foreign ministers, a U.S. governor and a member of Congress, according to a State Department cable.
Bloomberg:
Sources: Meta has bought under 3% of Ray-Ban maker EssilorLuxottica, a stake worth ~€3B, and is considering further investment that could build the stake to ~5%  —  Facebook parent Meta acquired just under 3% of Ray-Ban maker EssilorLuxottica, a stake worth around €3 billion …
Jody Godoy / Reuters:
A US appeals court blocks the FTC's “click-to-cancel” rule that would have taken effect on July 14, saying it didn't conduct a preliminary cost-benefit analysis  —  A U.S. appeals court blocked a rule that would have required businesses to make it as easy to cancel subscriptions …
Anton Shilov / Tom's Hardware:
GlobalFoundries agrees to acquire MIPS, a developer of RISC-V-based solutions and IP, with the deal expected to close in H2 2025  —  For an unknown sum.  —  GlobalFoundries announced on Tuesday that it had entered into a definitive agreement to acquire MIPS, a developer of RISC-V-based solutions and IP.
Natasha Singer / New York Times:
The American Federation of Teachers, the second-largest US teachers' union, says it will open an AI training hub with $23M from Microsoft, OpenAI, and Anthropic  —  The American Federation of Teachers said it would use the $23 million, including $500,000 from the A.I. start-up Anthropic, to create a national training center.
Wired:
Internal Slack message: OpenAI has hired four high-profile engineers from Tesla, xAI, and Meta, including David Lau, former VP of software engineering at Tesla  —  The new hires are joining OpenAI's scaling team, according to an internal Slack message sent by cofounder Greg Brockman.
Jack Ryan / Bloomberg:
El Salvador-based Tether says it holds nearly 80 tons of gold, worth ~$8B, in a vault in Switzerland; precious metals made up nearly 5% of its reserves in March  —  Tether Holdings SA, the issuer of the world's largest stablecoin, has its own vault in Switzerland to hold an $8 billion stockpile of gold …
Lorenzo Franceschi-Bicchierai / TechCrunch:
Source: Activision pulled Call of Duty: WWII after hackers exploited a flaw in a PC version, which led to some players getting their computers hacked  —  Games giant Activision took down Call of Duty: WWII due to hackers exploiting a flaw in a specific PC version of the game …
More: Stevivor and Eurogamer.net
Bluesky: @quinnypig.com and @lorenzofb
Forums: r/technology and Slashdot
Niket Nishant / Reuters:
ReserveOne, a cryptocurrency holding company with bitcoin, ethereum, and Solana, plans to list on the Nasdaq through a SPAC deal expected to raise $1B+  —  ReserveOne, a new cryptocurrency holding company with ties to industry veterans and a former U.S. commerce secretary …
Financial Times:
Italy arrests Chinese citizen Xu Zewei; a source says Xu is linked to hacking group Hafnium that breached Microsoft in 2021 to steal COVID-19 vaccine secrets  —  Xu Zewei suspected of links to Beijing-backed group accused by Washington of stealing Covid-19 vaccine secrets

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Earlier Picks

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Spencer Soper / Bloomberg:
Financial Times: