Techmeme
August 13, 2025, 3:20 PM

Top News

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 …
Bloomberg:
Bullish shares jump 143% to $90 in the company's NYSE debut, up from the IPO price of $37; sources say the IPO was more than 20 times oversubscribed  —  Bullish shares jumped 143% 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:
Crypto exchange Bullish raised $1.1B in its IPO, selling 30M shares for $37 each, above its $32-to-$33 marketed range, implying a $5.4B valuation  —  Bullish raised $1.1 billion in an initial public offering, pricing its shares above the marketed range.  —  The digital-asset exchange operator …
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 …
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 …
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.
Yi-Ling Liu / Rest of World:
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 …
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  —  Perplexity Makes Longshot $34.5 Billion Offer for Chrome  —  With its unsolicited bid for Google's browser …
Katherine Blunt / Wall Street Journal:
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  —  When OpenAI launched GPT-5 last week, the company said the model would simplify the ChatGPT experience.
SemiAnalysis:
Carl Franzen / VentureBeat:
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?
Wall Street Journal:
US tech startups are reviving US hiring plans as President Trump's One Big Beautiful Bill lets companies accelerate R&D tax deductions, starting in 2025  —  Faster deductions make adding staff cheaper when cash flow is critical, executives say  —  Tech startups are dusting off U.S. hiring plans …
More: Observer
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  —  Chinese tech giant Tencent (0700.HK) said on Wednesday it lacks clarity on U.S. AI chip imports as Beijing and Washington continue negotiations …
Derek Thompson:
Studies suggest AI chatbots' sycophantic responses may increase narcissism among young and vulnerable users, potentially changing personality traits at scale  —  “I can imagine a future where a lot of people really trust ChatGPT's advice for their most important decisions,” Sam Altman said.

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Earlier Picks

Joedy McCreary / MedPage Today:
Jagmeet Singh / TechCrunch:
Mark Gurman / @markgurman:
Sharon Goldman / Fortune:
Financial Times: