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Techmeme
July 17, 2025, 9:30 PM
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Sarah Whitten / CNBC:
Netflix reports Q2 revenue up 16% YoY to $11.08B, vs. $11.07B est., net income of $3.13B, and forecasts 2025 revenue of $44.8B-$45.2B, up from $43.5B-$44.5B  —  Netflix posted an earnings beat Thursday, as revenue grew 16% during the second quarter of 2025.
Emma Roth / The Verge:
Netflix says it's on track to double its advertising revenue this year and that it will roll out interactive ads in the second half of 2025
Hayden Field / The Verge:
OpenAI debuts ChatGPT Agent, which can control an entire computer and perform multi-step tasks, powered by a new dedicated model, rolling out to paid users  —  One employee uses it to automate his weekly parking requests at OpenAI's San Francisco office.
Dan Shipper / Every:
Hands-on with ChatGPT Agent: combines OpenAI's Operator and deep research tools and is incredibly simple to use, but less customizable than Claude Code  —  It's launching today!  Here's our day-zero, hands-on report. … Surprise!  Operator and deep research had a baby, and it's called ChatGPT Agent.
Tom Hals / Reuters:
Meta shareholders suing Mark Zuckerberg and Meta leaders over alleged Cambridge Analytica privacy violations reach a settlement deal, ending an $8B trial  —  Mark Zuckerberg and current and former directors and officers of Meta Platforms (META.O) agreed on Thursday to settle claims seeking $8 billion …
Andrew J. Hawkins / The Verge:
Uber partners with EV maker Lucid and AV startup Nuro to deploy 20K+ robotaxis in the US over six years; Uber plans to invest $300M in Lucid and more in Nuro  —  The companies plan to launch 20,000 robotaxis in the US over the next six years, starting with the first city in 2026.
Financial Times:
Sources: Trump is expected to sign an executive order as soon as this week that would open up 401(k) plans to cryptocurrency and other alternative investments  —  President preparing executive order to allow 401k plans to tap broad pool of alternative assets
Reuters:
The US House passes the GENIUS Act, sending the stablecoin bill to Trump for his signature, and advances two other crypto bills to the Senate for consideration
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 …
New York Times:
Substack raised a $100M Series C from Chernin Group, a16z, and others, sources say at a $1.1B valuation, as it builds its social network and warms up to ads  —  Substack, originally a newsletter service, says its app now has millions of users interacting with its creators.
Wall Street Journal:
Sources: the White House is preparing an EO requiring AI companies with federal contracts to be neutral and unbiased, to combat what officials see as “woke AI”  —  The order would be one of several expected to be released outlining the president's vision for winning the AI race with China
Alex Heath / The Verge:
Q&A with Perplexity CEO Aravind Srinivas on the browser as AI's killer app, AI talent wars, why users may eventually pay thousands for a single prompt, and more
Matthias Bastian / The Decoder:
Google's Veo 3 video generation model launches on the Gemini API, with an eight-second video costing $6, making it one of the most expensive AI video options  —  Google's Veo 3 video generation model is now available through the Gemini API, with a price point that puts it among the more expensive options for AI video.
Jay Peters / The Verge:
Roblox taps Persona to estimate users' ages and verify they are 13+, renames Friends to Connections, and says only users over 13 can message Trusted Connections  —  Teens will have to prove they are older than 13 to make ‘Trusted Connections’ they can chat more freely with.
Wall Street Journal:
Tech execs and others detail the behind-the-scenes relationship between President Trump and Sam Altman, including how Altman quietly maneuvered around Elon Musk  —  With his rival out of the way, OpenAI's CEO has a clear path to press for company's goals; leaving the Democratic Party
Sara Fischer / Axios:
Meta names long time executive Connor Hayes as head of Threads, starting in mid-September; Hayes joined Meta in 2011  —  Longtime Meta executive Connor Hayes has been named head of Threads, Axios has learned, marking a significant milestone for the two-year old product.
Thalia Beaty / Associated Press:
The Gates Foundation, Ballmer Group, and others form NextLadder to spend $1B over 15 years to develop AI tools for public defenders, parole officers, and more  —  A coalition of funders, including the Gates Foundation and Ballmer Group, will spend $1 billion over 15 years …
Bloomberg Law:
A federal judge reinstates FTC Commissioner Rebecca Kelly Slaughter, months after President Trump sought to fire her and Democratic colleague Alvaro Bedoya  —  A federal judge reinstated FTC Commissioner Rebecca Kelly Slaughter in a Thursday ruling, months after President Donald Trump sought …
Blake Brittain / Reuters:
A US judge rules that three authors suing Anthropic can bring a class action on behalf of all US writers whose books Anthropic allegedly pirated to train its AI  —  A California federal judge ruled on Thursday that three authors suing artificial intelligence startup Anthropic for copyright infringement …
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

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From Mediagazer

Bloomberg:
Sources: WBD begins exclusive talks with Netflix to sell its film and TV studios and HBO Max; Netflix is offering a $5B breakup fee if the deal isn't approved

The Guardian:
Ireland, Spain, Slovenia, and the Netherlands exit Eurovision after Israel received an all-clear to compete; the BBC and Germany's SWR plan to participate

James Faris / Business Insider:
Kalshi strikes a deal with CNBC that will integrate Kalshi's prediction data into CNBC's channel, site, and app starting in 2026, days after striking a CNN deal

More News

Aria Alamalhodaei / TechCrunch:
Hadrian, which is building largely automated factories to produce space and defense parts, raised a $260M Series C, bringing its total funding to ~$500M
Chainalysis:
In H1 2025, hackers stole $2.17B+ from crypto services, which includes North Korea's record $1.5B Bybit hack, surpassing all of 2024 and up 17% on H1 2022
Parmy Olson / Bloomberg:
Big Tech's acquihires of AI startups, like Meta's $14.3B Scale AI deal, leaves investors with modest or no returns and may further entrench Big Tech's dominance

Earlier Picks

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
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
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, and has a goal to eliminate static pricing entirely
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