Techmeme
July 22, 2025, 1:10 AM

Top News

Wall Street Journal:
Sources: Stargate has struggled to get off the ground and sharply scaled back its near-term plans, as SoftBank and OpenAI disagree on crucial terms of the deal  —  The Stargate venture, introduced at White House event, is now setting the more modest goal of building a small data center by year-end
Google DeepMind:
Google says an advanced version of Gemini with Deep Think won gold at the International Mathematical Olympiad, solving 5 of 6 “exceptionally difficult” problems  —  The International Mathematical Olympiad ("IMO") is the world's most prestigious competition for young mathematicians, and has been held annually since 1959.
Reuters:
OpenAI and the UK government announce a partnership to explore AI use in justice, defense, security, and edtech, and possibly expand OpenAI's London office  —  Britain and ChatGPT maker OpenAI have signed a new strategic partnership to deepen collaboration on AI security research …
Kylie Robison / Wired:
Leaked memo: CEO Dario Amodei told staff Anthropic plans to seek UAE and Qatar funding, likely enriching “dictators”, says a “no bad person” rule is impractical  —  “Unfortunately, I think ‘No bad person should ever benefit from our success’ is a pretty difficult principle …
CoinDesk:
Crypto custody company BitGo confidentially files for a US IPO; it raised $100M at a $1.75B valuation in August 2023  —  The crypto custodian submitted a confidential U.S. listing as interest in public crypto stocks heats up.  —  What to know:  — BitGo confidentially filed to go public …
Bloomberg:
Niket Nishant / Reuters:
Figma plans to sell nearly 37M shares to raise up to $1.03B, pricing its shares between $25 and $28 each, giving it an up to $16.4B valuation in its NYSE debut  —  Figma is targeting a fully-diluted valuation of up to $16.4 billion in its initial public offering, as the cloud-based design …
Bloomberg:
Polymarket says it is buying little-known derivatives exchange QCX, in a move to legally re-enter the US market; a source says Polymarket will pay $112M  —  Polymarket, the crypto-betting platform that was kicked offshore by federal regulators, has struck a deal to return to the US market …
Andy Greenberg / Wired:
Researchers: at least 750 US hospitals faced disruptions on the day of last year's big CrowdStrike outage, and 200+ had outages related to patient care services  —  Of those, more than 200 appear to have had outages of services related to patient care following CrowdStrike's disastrous crash, researchers have revealed.
Kylie Robison / Wired:
In her first note to staff, OpenAI's incoming CEO of Applications, Fidji Simo, lays out an optimistic vision for how AI will change the world  —  Soon-to-be former Instacart CEO Fidji Simo sent a memo to OpenAI staff Monday laying out her vision for how AI will change the world.

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Featured Podcasts

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Lenny's Podcast:
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