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August 13, 2025, 5:16 PM
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Bloomberg:
Bullish shares closed up 84% at $68 in the company's NYSE debut, above the IPO price of $37, giving Bullish a market value of $9.9B based on outstanding shares  —  Bullish shares jumped 84% from the IPO price after the digital-asset exchange operator and owner of media outlet CoinDesk raised $1.1 billion in an initial public offering.
Bloomberg:
Bullish raised $1.1B in its IPO, selling 30M shares for $37 each, above its $32-to-$33 marketed range; sources say the IPO was more than 20 times oversubscribed  —  Bullish raised $1.1 billion in an initial public offering, pricing its shares above the marketed range.
Jonathan Stempel / Reuters:
New York sues Zelle, claiming that security lapses led to $1B in consumer fraud losses; the US CFPB dropped a similar case in March  —  Zelle was sued on Wednesday by New York Attorney General Letitia James, who said the electronic payment platform's refusal to adopt critical safety features …
Mark Gurman / Bloomberg:
Sources: Apple AI plans include robots, such as a tabletop one in 2027, a conversational Siri, a smart speaker with a display in 2026, and home security cameras  —  Apple Inc. is plotting its artificial intelligence comeback with an ambitious slate of new devices, including robots …
Reuters:
Sources: the US secretly embedded location trackers in select AI chip shipments, such as in Dell and Super Micro servers, to detect illegal diversions to China  —  U.S. authorities have secretly placed location tracking devices in targeted shipments of advanced chips they see as being at high risk …
Emma Roth / The Verge:
Google is rolling out a feature for Gemini that, when enabled, will let the AI chatbot “remember” a user's past conversations without prompting  —  You'll no longer have to prompt Gemini in order for it to recall what you've discussed in previous chats.
Bloomberg:
Amazon says it now offers same-day grocery delivery in 1,000+ cities and plans to bring it to 2,300+ more by the end of 2025; Prime subscribers get it free  —  Amazon.com Inc. plans to offer same-day grocery delivery in 2,300 cities by the end of the year, more than doubling the current number …
Alexandra Alper / Reuters:
Sources: the US Navy and Air Force may cancel two nearly complete HR software projects to give firms like Salesforce and Palantir a chance to win similar work  —  Donald Trump's Navy and Air Force are poised to cancel two nearly complete software projects that took 12 years …
Robert Burnson / Bloomberg:
A US federal judge rules Elon Musk must face OpenAI's claims that his legal and media attacks are a “years-long harassment campaign” and sets a March 2026 trial  —  Elon Musk must face claims by OpenAI that his attacks on the startup in court and in the media amount to a …
M.G. Siegler / Spyglass:
Perplexity's unsolicited $34.5B bid for Chrome with claimed VC backing is clearly a marketing stunt and maybe a signal to the judge in Google's antitrust case
Katherine Blunt / Wall Street Journal:
Perplexity offers to acquire Chrome for $34.5B, significantly more than Perplexity's estimated $18B valuation, and says large VC funds agreed to back the deal
Victoria Song / The Verge:
Core Devices CEO Eric Migicovsky unveils the Pebble Time 2 in four colors, with a 1.5" e-paper display, multicolor RGB backlighting, and a 30-day battery life  —  The Time 2 sports a sleeker profile and RGB backlighting. … Now that Pebble is Pebble again, we're getting an official look …
Juby Babu / Reuters:
Cisco reports Q4 revenue up 8% YoY to $14.67B, vs. $14.62B est., net income up 31% to $2.8B, and forecasts Q1 revenue above estimates  —  Cisco Systems (CSCO.O) forecast first-quarter revenue above Wall Street estimates on Wednesday, as the artificial intelligence boom boosted demand for its networking equipment from cloud customers.
Ben Raab / Wall Street Journal:
A look at social media “clippers”, who are paid $0.50 to $2 per thousand views by streamers, podcasts, and startups to make buzzy moments go viral online  —  Companies are hiring ‘clippers’ to flood TikTok and Instagram with short, promotional videos  —  You know those buzzy viral clips you see on social media?
SemiAnalysis:
GPT-5's router directs queries based on complexity and intent, helping OpenAI allocate compute across low-value informational and high-value commercial requests  —  To many power users (Pro and Plus), GPT5 was a disappointing release.  But with closer inspection, the real release is focused …
Maxwell Zeff / TechCrunch:
OpenAI adds GPT-5 Auto, Fast, and Thinking settings to ChatGPT's model picker; Auto seems to work like GPT-5's model router that OpenAI initially announced

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Cloudflare:
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About This Page

This is a Techmeme archive page. It shows how the site appeared at 5:16 PM ET, August 13, 2025.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

From Mediagazer

Alex Weprin / The Hollywood Reporter:
Condé Nast CEO Roger Lynch is stepping down after 7.5 years to become the CEO and chairman of Mattel; lead independent director Mike Perlis will be interim CEO

Andrea González-Ramírez / The Cut:
Q&A with two Cornell Daily Sun student journalists on breaking the news of a suit alleging seven students raped a woman, followed by a fiery editorial, and more

Joe Flint / Wall Street Journal:
Sources: David Ellison has picked HBO content chief Casey Bloys to oversee streaming operations following Paramount's acquisition of WBD

More News

Reuters:
Tencent reports Q2 revenue up 15% YoY to ~$25.7B, vs. ~$24.8B est., domestic gaming revenue up 17% YoY to ~$5.6B, and global gaming revenue up 35% YoY to ~$2.6B
Derek Thompson:
Studies suggest AI chatbots' sycophantic responses may increase narcissism among young and vulnerable users, potentially changing personality traits at scale

Earlier Picks

Joedy McCreary / MedPage Today:
Study: endoscopists accustomed to using AI during colonoscopies detected fewer precancerous growths after the tech was taken away, raising “deskilling” concerns
Jagmeet Singh / TechCrunch:
India's RBI grants Paytm “in-principle” approval to operate as a payment services provider for online merchants, after China's Ant Group sold its entire stake
Mark Gurman / @markgurman:
In response to Elon Musk's claims that the App Store favors ChatGPT, Apple says that it “is designed to be fair and free of bias” and has “objective criteria”
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