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September 12, 2025, 2:40 PM
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Daniel Kuhn / The Block:
Tether names Bo Hines, the former Executive Director of the White House Crypto Council, as CEO of its new US unit and launches the US-regulated USAT stablecoin  —  - USAT is designed to be a U.S.-regulated, dollar-backed stablecoin and a complement to USDT, which has about $169 billion in circulation.
Chance Miller / 9to5Mac:
The US FDA clears hypertension notifications on Apple Watch, and Apple plans to roll out the feature to Series 11, 10, and 9, and Watch Ultra 3 and 2 next week  —  When Apple announced the new Apple Watch Series 11 and Apple Watch Ultra 3 this week, it unveiled its latest health feature: hypertension notifications.
Coco Feng / South China Morning Post:
Apple delays iPhone Air preorders in China, likely over eSIM regulatory issues, and replaces the launch schedule with “release information to be updated later”  —  Apple says all three state-owned telecoms network operators would provide eSIM support ‘subject to regulatory approval’
Pranav Baskar / New York Times:
Over 100K Nepali citizens regularly met on Discord to nominate an interim leader, after protests sparked by a social media ban led to the government's collapse  —  “The Parliament of Nepal right now is Discord,” a user said of the platform popular with video gamers, where tens of thousands are debating the nation's future.
Ina Fried / Axios:
OpenAI and Microsoft say they “signed a non-binding memorandum of understanding for the next phase of our partnership”, and are working to finalize the terms  —  OpenAI and Microsoft said Thursday they have reached preliminary terms on a revised partnership and are “actively working to finalize” a definitive agreement.
Ashley Capoot / CNBC:
OpenAI says its nonprofit parent company will own a $100B+ equity stake and continue to have oversight over the startup, which last week was valued at $500B
Tanaya Macheel / CNBC:
Gemini opened up 32.2% at $37.01 per share in its Nasdaq debut, giving it a ~$4.4B market cap, after the Winklevoss' crypto exchange raised $425M in its IPO  —  Shares of Gemini Space Station soared more than 40% on Thursday after the exchange operator raised $425 million in an initial public offering.
Bloomberg:
Winklevosses' crypto exchange Gemini raises $425M in its IPO, selling ~15.2M shares for $28 each after marketing them for $24 to $26, with Nasdaq buying $50M
Barbara Moens / Financial Times:
The EU ends an antitrust probe against Microsoft with no fine and accepts its concessions, including offering Office without Teams in Europe for seven years  —  US tech group faced scrutiny over how it bundled together its Teams and Office products  —  Microsoft has avoided an EU fine …
Rebecca Bellan / TechCrunch:
California SB 243, which would mandate safety protocols for AI chatbot companions, passes the State Assembly and Senate and now heads to Governor Newsom's desk  —  California has taken a big step toward regulating AI.  SB 243 — a bill that would regulate AI companion chatbots in order …
Wall Street Journal:
Some 20-somethings flocking to SF to build trillion-dollar AI startups say no to booze, sleep, and fun as they strive to be, or appear to be, the most obsessed  —  To reach the dream of creating a trillion-dollar company, the 20-somethings flocking to San Francisco give up everything but their laptops
Yoolim Lee / Bloomberg:
SK Hynix announces that it has completed development of HBM4, the next generation of high-bandwidth memory crucial for AI work; stock jumps 7% to a record high  —  SK Hynix Inc.'s stock climbed 7% on Friday to a record after the company announced it had completed development of HBM4 …

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 2:40 PM ET, September 12, 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

CNBC:
President Trump says he is banning CNN, MS NOW, and Politico from the White House over their coverage of him, with “other Fake News Media Outlets to follow”

Oliver Darcy / Status:
Dylan Byers of Puck has gone to unusual lengths to defend Bari Weiss' work while Puck is in funding talks with RedBird Capital, a top Paramount investor

Mark Keierleber / Straight Arrow:
After major cuts, McClatchy announces new hires, including several execs, two reporters, and three editors for the company's AI-powered Content Innovation Lab

More News

Earlier Picks

Bloomberg:
Sources: OpenAI and Nvidia will pledge billions of dollars in UK data center investments during their trip next week, coinciding with President Trump's UK visit
Crystal Liu / Alizila:
Alibaba releases Qwen3-Next, a new model architecture optimized for long-context understanding, large parameter scale, and better computational efficiency
Reuters:
Albania appoints an AI bot named Diella as the minister for managing and awarding all public procurement tenders, to combat corruption around such contracts
Bloomberg:
Figure's shares closed up 24% at $31.11 in its Nasdaq debut, giving it a ~$6.6B market cap, after the company and some of its backers raised $787.5M in its IPO
Leah Nylen / Bloomberg:
The US FTC orders Google, OpenAI, Meta and Instagram, Snap, xAI, and Character.AI to turn over information about how their AI chatbots impact children and teens
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