Techmeme
July 19, 2025, 9:55 AM

Top News

Shirin Ghaffary / Bloomberg:
Acquihire deals like Google's Windsurf deal are a wake-up call for AI startup employees left behind, creating new uncertainty over leadership and compensation  —  Big Tech's growing reliance on licensing deals to scoop up top talent from AI startups risks leaving many rank-and-file workers in limbo.
Jeff Wang / @jeffwsurf:
Windsurf CEO Jeff Wang on what happened after co-founders Varun Mohan and Douglas Chen left for Google, and how Cognition's deal to acquire Windsurf unfolded  —  To put it mildly, the past week at Windsurf has been crazy.  There have been a lot of different rumors and reports …
Eugene Kim / Business Insider:
Stephen Nellis / Reuters:
Microsoft says it will no longer use China-based engineers to provide technical support to the US military, after a ProPublica report raised security concerns  —  Microsoft (MSFT.O) on Friday said it will stop using China-based engineers to provide technical assistance to the U.S. military …
Bloomberg:
President Trump signs the GENIUS Act, and says the first federal bill to regulate stablecoins will “secure the dollar's status as the world's reserve currency”  —  President Donald Trump signed the first federal bill to regulate stablecoins, hailing it as a “giant step …
Kasha Patel / Washington Post:
Google researchers say Android's early-warning system detected and issued alerts for 1,200+ earthquakes since 2021, sometimes giving up to 15-60 seconds' notice  —  An early-warning system on Android phones has detected more than 1,000 earthquakes worldwide since 2021, sometimes giving people 15 …
Sabrina Ortiz / ZDNET:
Adobe updates its Firefly video model and adds a beta Generate Sound Effects tool that can create custom sounds from text prompts and the user's voice  —  Just a year and a half ago, the latest and greatest of Adobe's Firefly generative AI offerings involved producing high-quality images …
Bloomberg:
Sources: at least six of China's biggest VC firms are targeting a combined $2B in new USD-denominated funds to allow overseas investment in Chinese startups  —  China's largest venture capital houses are tapping the market for at least $2 billion in new funds, re-engaging with the country's startups …
Ari Levy / CNBC:
S&P Global says Block will join the S&P 500 on July 23, after announcing Monday that ad tech firm The Trade Desk will also be added; XYZ jumps 9%+ after hours  —  Block shares jumped more than 10% in extended trading on Friday, as the fintech company get set to join the S&P 500, replacing Hess.
Ivan Levingston / Financial Times:
Sources: Vy Capital, which has ~$15B of AUM and is a top backer of Elon Musk's companies, told external investors that it will not raise further outside money  —  Secretive tech investment group has racked up gains after backing companies such as SpaceX and xAI
Bloomberg:
Peter Thiel-backed crypto exchange Bullish files for an IPO, plans to trade on the NYSE, and reports a net loss of ~$349M on digital asset sales of $80M in Q1  —  Bullish, a digital-asset exchange operator whose backers have included billionaire Peter Thiel, filed for an initial public offering …

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More News

Eleanor Hawkins / Axios:

Earlier Picks

Jessica Lyons / The Register:
Dina Bass / Bloomberg:
Zac Bowden / Windows Central:
Eric Slivka / MacRumors:
Hayden Field / The Verge: