Techmeme
August 20, 2025, 8:30 AM

Top News

CNBC:
US Commerce Secretary Howard Lutnick says that Intel must give the government an equity stake in the company in return for CHIPS Act funds; INTC closed up 6.97%  —  Commerce Secretary Howard Lutnick said Tuesday that Intel must give the U.S. government an equity stake in the company in return for CHIPS Act funds.
Reuters:
Sources: US Commerce Secretary Howard Lutnick is looking into government equity stakes in Micron, TSMC, Samsung, and others that receive CHIPS Act funding  —  U.S. Commerce Secretary Howard Lutnick is looking into the federal government taking equity stakes in computer chip manufacturers …
Financial Times:
The Nasdaq fell 1.4% on August 19, as Nvidia dropped 3.5% and Arm 5%, with AI enthusiasm cooling after a critical report from MIT and a warning from Sam Altman  —  Warning from OpenAI's Sam Altman and MIT paper puncture Wall Street's enthusiasm  —  US tech stocks sold off as warnings …
New York Times:
Sources: Meta considers downsizing its AI division, with some executives expected to leave, and is exploring using third-party models to power its AI products  —  Meta is expected to announce a new restructuring of its artificial intelligence division amid internal tensions over the technology, people with knowledge of the plans said.
Riley Griffin / Bloomberg:
Tom McArthur / BBC:
Kick says it is “urgently reviewing” the circumstances around the death of a French livestreamer subjected to violence and sleep deprivation during streams  —  An investigation has been launched into the death of a French streamer known for extreme challenges.
Molly White / Citation Needed:
A look at Justin Sun's lawsuit against Bloomberg for publishing his crypto assets, which he says he shared confidentially to qualify for its Billionaires Index  —  Listen to me read this post here (not an AI-generated voice!), subscribe to the feed in your podcast app, or download the recording for later.
Sean Endicott / Windows Central:
Microsoft rolls out a COPILOT function in Excel for users in the Beta Channel, letting them use text prompts to categorize data, summarize feedback, and more  —  AI in Excel finally feels natural thanks to the new COPILOT function. … Or rather, more Copilot is being packed into the popular spreadsheet program.
Steve Holland / Reuters:
The White House launches an official TikTok account, aiming to communicate President Trump's policies; the first video shows Trump declaring “I am your voice”  —  The White House launched an official TikTok account on Tuesday, taking advantage of its more than 150 million U.S. users …
Brian Schwartz / Wall Street Journal:
Sources: Elon Musk is quietly pumping the brakes on his plans to start a US political party, telling allies he wants to focus his attention on his companies  —  The billionaire has sought to maintain ties with JD Vance, a potential heir to Trump's MAGA political movement
Kanishka Singh / Reuters:
US Director of National Intelligence Tulsi Gabbard says the UK has dropped its mandate requiring Apple to provide a backdoor for accessing users' encrypted data  —  Britain has dropped its demand for the iPhone maker Apple (AAPL.O) to provide a “backdoor” that would have enabled access …
John Semley / Wired:
A look at the 2025 AI Film Festival, backed by Runway AI and screened by Imax, as some cinephiles deride it while others praise the quality of its short films  —  Runway AI paired up with Imax to screen 10 AI-generated winning selections.  The festival has been derided by some cinephiles …
ProPublica:
Document: Microsoft's 2025 System Security Plan submitted to the DOD, dated February 28, failed to disclose China-based engineers working on DoD cloud systems  —  The tech giant is required to regularly provide U.S. officials with its plan for keeping government data safe from hacking.
Ryan Vlastelica / Bloomberg:
Analysis: Intel's stock, up 28% in August, is trading at a 53 forward P/E ratio, its highest since early 2002, reflecting its declining profits in recent years  —  After months of turbulence, Intel Corp. bulls are finally being rewarded for their patience.  But the stock's sudden rebound comes …
More: Sharecafe

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Earlier Picks

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