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July 17, 2025, 8:55 AM
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memeorandum
WeSmirchTop News
| Debby Wu / Bloomberg: |
TSMC reports Q2 net income up 61% YoY to ~$13.5B, beating est. every quarter since 2021, and raises its 2025 sales growth guidance in USD from mid-20% to 30% — Taiwan Semiconductor Manufacturing Co. raised its outlook for 2025 revenue growth, shoring up investors' confidence in the momentum of the global AI spending spree.| Nikkei Asia: |
TSMC CEO C.C. Wei says the company is speeding up construction of its second and third Arizona plants “by several quarters” to meet chip demand from US clients — TOKYO — Taiwan Semiconductor Manufacturing Co. says it is speeding up construction of its second and third plants in Arizona … | Reuters: |
The US House votes to advance three crypto bills following over nine hours of private talks on July 16, a day after President Trump intervened to save the bills — The Republican-controlled U.S. House of Representatives cleared key procedural hurdles on crypto legislation on Wednesday … | Jonathan Greig / The Record: |
Google says threat actors are breaching fully patched, end-of-life cybersecurity company SonicWall's appliances and stealing sensitive data from organizations — Threat actors are stealing sensitive data from organizations by breaching end-of-life appliances made by cybersecurity company SonicWall.| Natasha Mascarenhas / The Information: |
Sources: Anthropic rehires Boris Cherny and Cat Wu, who developed Claude Code, just two weeks after they left for more senior roles at Cursor maker Anysphere — In a surprising reversal, two leaders of Anthropic's coding product who joined rival Anysphere two weeks ago have returned to Anthropic …
More: The Verge, implicator.ai, and Inc
Threads: @jjackyliang, @that.map.guy.craig, and @carnage4life
| Sarah Perez / TechCrunch: |
Jack Dorsey invests $10M in “and Other Stuff”, a nonprofit focused on funding open-source projects and tools built on open protocols like Nostr and ActivityPub — Twitter co-founder and Block CEO Jack Dorsey isn't just vibe-coding new social apps, like Bitchat and Sun Day …
More: Techdirt and and Other Stuff
| Associated Press: |
A Delaware trial for Meta investors' $8B lawsuit against Mark Zuckerberg and other Meta leaders opens over claims tied to the 2018 Cambridge Analytica scandal — An $8 billion class action investors' lawsuit against Meta CEO Mark Zuckerberg and company leaders — current and former … | Parmy Olson / Bloomberg: |
Big Tech acquihiring AI startups, like Meta's Scale AI deal, gives VCs only modest returns compared to traditional exits and may entrench Big Tech's dominance — Meta and Google's AI talent grab may lead to more sustainable tech companies. — If you're a venture capitalist …
More: Stratechery. Bluesky: @carnage4life. X: @deedydas, @luke_metro, @buccocapital, and @catpoopburglar
| Daniel Kuhn / The Block: |
In response to a March FOIA request, the US Marshals Service said it held over 28,988 BTC, worth ~$3.4B at current prices, far fewer than previously believed — - The U.S. Marshals Service reportedly holds slightly over 28,988 BTC, worth about $3.4 billion, as of March …
More: The Rage, The Crypto Basic, CryptoSlate, Benzinga, BeInCrypto, Watcher Guru, BeInCrypto, Cryptopolitan, CoinGape, Crypto Briefing, Bitcoin Magazine, and Protos. X: @senlummis
| Sarah Perez / TechCrunch: |
Multi-service messaging app Beeper relaunches, introducing premium offerings and the option to switch to an on-device model; Automattic acquired Beeper in 2024 — Multi-service messaging app Beeper, which allows people to connect to all their chat apps from one interface …
More: Beeper Blog, Android Authority, SammyGuru, Notebookcheck, CNET, Automattic, 9to5Google, and Macworld. X: @beeper
| Jay Peters / The Verge: |
Roblox partners with Persona to estimate user ages and verify they are 13+, renames Friends to Connections, and says 13+ users can message Trusted Connections — Teens will have to prove they are older than 13 to make ‘Trusted Connections’ they can chat more freely with.
More: Bloomberg, Roblox Corporate, Engadget, TechCrunch, Fast Company, CNBC, Mashable, Variety, and Crossplay
| Wall Street Journal: |
Sources: some Trump administration officials are holding up finalizing a deal for the UAE to buy Nvidia AI chips over concerns that China could access the chips — Some administration officials worry China could get access to advanced Nvidia chips and are holding up efforts to iron out the agreement
More: WinBuzzer, Barron's Online, Raw Story, Forexlive, and Yahoo Finance
| Wall Street Journal: |
Samsung Electronics Chair Jay Y. Lee wins a full reprieval from South Korea's Supreme Court in a protracted fight over fraud and stock manipulation allegations — South Korea's Supreme Court upholds acquittal for Lee Jae-Yong at a sensitive moment for the tech conglomerate
More: Benzinga, UPI, SammyGuru, Nikkei Asia, SamMobile, Associated Press, Bloomberg, and DigiTimes
| Jake Rudnitsky / Bloomberg: |
Swedish AI coding startup Lovable raised a $200M Series A led by Accel at a $1.8B valuation, making it Europe's newest unicorn — Lovable, a Swedish artificial intelligence startup that streamlines software development, raised a $200 million fundraising round, making it Europe's newest unicorn.
More: TechCrunch and Forbes
| Financial Times: |
Sources: the European Commission has stalled one of its X investigations for breaking its digital transparency rules, as it negotiates a trade deal with the US — EU was expected to finalise its investigation before the bloc's summer recess but will now miss this deadline| Irina Ivanova / Fortune: |
Delta plans for 20% of its fares to be individually determined using AI by the end of 2025, up from 3% now, with the goal of eliminating static pricing entirely — Each passenger has their specific price, and AI is helping Delta find it. — Delta has a long-term strategy to boost …
More: Exponential View, The US Sun, Adweek, and CIO.com
Bluesky: @karlbode.com, @papapishu, @jessicacalarco.com, @markriedl, @erinmcunningham, @vortexegg.com, @erikahall, and @hypervisible. Mastodon: @davidgerard@circumstances.run
X: @web_begole, @julesbrainstorm, @panomics, and @_zeets
Forums: r/technology and r/delta
| Yohan Yun / Cointelegraph: |
Elliptic estimates cross-chain criminal and high-risk activity has topped $21.8B in 2025, up from $7B in 2023; North Korea is responsible for ~12% of the total — Crypto criminals are using crosschain tools such as bridges, DEXs and coin swappers to obscure $21.8B in illicit flows across multiple blockchains.
More: Elliptic, Elliptic, Elliptic, The Block, and Coinspeaker
| Nathan Owens / Manufacturing Dive: |
Filing: Intel is laying off 5,000+ employees across California, Oregon, Texas, and Arizona; California cuts affect 1,935, more than double the initial estimates — The chipmaker more than doubled its anticipated job cuts in California, adding to its overall downsizing across four states.
More: Tom's Hardware, The Hans India, Silicon Valley Business …, Forbes, The Indian Express, Oregonian, The Register, CTech, Arizona Republic, WinBuzzer, SiliconANGLE, Yahoo Finance, Sacramento Business Journal, Associated Press, Arizona Republic, OC3D, KASW-TV, Oregonian, San Francisco Chronicle, Tom's Hardware, Barron's Online, and PC Gamer. Forums: Slashdot
| Summer Maxwell / SFGATE: |
Location sharing apps like Find My, Snap Map, and Life360 remain popular among Gen Z users, despite concerns about their impact on real-world relationships — Teens and 20-somethings are embracing location sharing to see where their friends are instantly. Is that a bad thing?| Chainalysis: |
In H1 2025, hackers stole $2.17B+ from crypto services, including the DPRK's record $1.5B Bybit hack, surpassing all of 2024 and up 17% on H1 2022 — Key findings — Stolen funds — With over $2.17 billion stolen from cryptocurrency services so far in 2025, this year is more devastating than the entirety of 2024.
More: CNBC, The Record, Bloomberg, Decrypt, BeInCrypto, and crypto.news
| Matt Day / Bloomberg: |
Microsoft's Copilot struggles to make headway against rival AI assistants; Sensor Tower says Copilot's mobile app has ~79M downloads, far below ChatGPT's 900M+ — Tyson Jominy routinely summons Microsoft Corp.'s AI assistant by tapping the Copilot key on his computer. Not because he means to.
More: Windows Central, Moneycontrol, The Hans India, Gizmodo, and PC Gamer
LinkedIn: Andrew Liu and Matt Day
| Andrew J. Hawkins / The Verge: |
Uber plans to make “multi-hundred-million dollar investments” in Nuro and Lucid and aims to deploy “20,000 or more” robotaxis in the US over the next six years — The companies plan to launch 20,000 robotaxis in the US over the next six years, starting with the first city in 2026.
More: CNBC, Reuters, Financial Times, TechCrunch, Bloomberg, Yahoo Finance, Axios, Uber, and MotorTrend
| Matt Day / Bloomberg: |
Amazon's 2024 sustainability report says it emitted 68.25M metric tons of carbon dioxide equivalent, up 6% from 2023 and the first rise in three years — Amazon.com Inc.'s carbon emissions rose for the first time in three years in 2024, driven by data center construction and fuel consumption by its delivery providers.| Steven Zeitchik / The Hollywood Reporter: |
AI is already transforming Hollywood, as studios and production companies experiment with AI tools and labor groups warn of job losses and other consequences — The technology is already transforming the industry — and could forever change the entertainment we consume. But the battle to contain it has just begun.| Will Knight / Wired: |
Reflection, co-founded by ex-Google researchers, unveils Asimov, an AI agent that reads a company's codebase, docs, and more to help software engineering teams — The mission? Teaching models to better understand how to build code will lead to superintelligent AI.| Demetri Sevastopulo / Financial Times: |
The US FCC aims to introduce a ban on companies that use certain Chinese tech and equipment from building submarine communication cables connecting to the US — New rule aims to end vulnerability in communications infrastructure after attack on American telecoms
More: Nikkei Asia, Times of India, Bloomberg Law, TechSpot, Cryptopolitan, Engadget, CNBC, Tech Times, Bloomberg, Reuters, and MobileSyrup
| Elihay Vidal / CTech: |
Remagine Ventures: 342 Israeli startups are focused on generative AI in 2025, up by 198 since May 2024, and they have collectively raised $20B+ to date — New Remagine Ventures report charts explosive growth and the rise of agentic AI systems. — VC — Remagine Ventures — Generative AI
More: Tech in Asia
| Li Yuan / New York Times: |
Chinese game Revenge on Gold Diggers, one of the most popular and contentious video games in the country, sparks a debate over misogyny and male resentment — A popular and contentious game, Revenge on Gold Diggers, sheds light on misogyny, inequality and the feeling among many men that they are economic victims.Sponsor Posts
Command Line:
Azure Content Understanding: Building on lessons from a decade of Document Intelligence — What a decade of teaching machines to read real-world documents taught us about what LLMs can and can't do.
Azure Content Understanding: Building on lessons from a decade of Document Intelligence — What a decade of teaching machines to read real-world documents taught us about what LLMs can and can't do.
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The best sales leaders aren't job hunting. Here's how to reach them without months of cold outreach. — Our team came from Box, Square, and Brex, so we already know the GTM leaders worth meeting.
Zoho:
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App Spotlight: Profit.co for Zoho CRM — App Spotlight brings you hand-picked solutions that enhance your Zoho apps and tools. Visit Zoho Marketplace to explore all of our apps, integrations …
IDrive:
Protecting your Cloud Applications Data — Backing up Office 365, Google Workspace, Dropbox & Salesforce data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.
Protecting your Cloud Applications Data — Backing up Office 365, Google Workspace, Dropbox & Salesforce data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.Featured Podcasts
Cheeky Pint:
Muse Wonder: Zuckerberg and Wang's $100B AI
Stripe cofounder John Collison interviews founders, builders, and leaders over a pint.
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Lenny's Podcast:
Why every company now needs to think and operate like a lab team | Josh Woodward (Google Labs, Gemini, AI Studio)
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Big Technology Podcast:
Meta & Microsoft's Claude Slowdown, His Agent Leaked His Banking Info, Don't Bully Your AI
The Big Technology Podcast takes you behind the scenes in the tech world featuring interviews with plugged-in insiders and outside agitators.
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Sources:
Qualcomm's CEO on the coming AI phone supercycle
Candid conversations with the leaders shaping what's next in AI and the broader tech industry. Hosted by Alex Heath, who has covered Silicon Valley for more than a decade.
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The Upstarts Podcast:
Bringing Back Mammoths And Building Noah's Ark 2.0 | Colossal's Ben Lamm
Veteran tech reporter Alex Konrad sits down with breakout entrepreneurs taking on the status quo to shake up their fields in AI, design, nuclear energy, space, and more.
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Great Chat:
The launch industrial complex
A podcast mostly about tech. Brought to you weekly by Angela Du, Sally Shin, Mac Bohannon, Helen Min, and Ashley Mayer.
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