Techmeme
December 18, 2025, 11:30 AM

Top News

Fanny Potkin / Reuters:
Sources: China built a working prototype of an EUV machine in early 2025 with a team of former ASML engineers who reverse-engineered the company's EUV machines  —  In a high-security Shenzhen laboratory, Chinese scientists have built what Washington has spent years trying to prevent …
Financial Times:
Trump Media agrees to merge with Google-backed fusion energy company TAE in a $6B deal and build the “world's first utility-scale fusion power plant” in 2026  —  Trump Media & Technology Group's shares rise 37% after deal with TAE Technologies  —  The Trump family media group …
Jay Peters / The Verge:
Filing: Sony and Tencent reach a “confidential settlement” over Tencent's Light of Motiram, a game that Sony alleged was a “slavish clone” of its Horizon series  —  Sony and Tencent have reached a ‘confidential settlement,’ and Light of Motiram is no longer listed on Steam or the Epic Games Store.
OpenAI:
OpenAI opens app submissions for review and publication in ChatGPT, where users can discover or search for apps in a new app directory  —  We're opening app submissions for review and publication in ChatGPT, and users can discover apps in the app directory.  —  Earlier this year at DevDay, we introduced apps in ChatGPT.
Juli Clover / MacRumors:
Apple makes iOS changes in Japan to comply with local laws, including alternative app stores and payment options, a new fee structure, and new default controls  —  Apple today introduced several changes to the App Store in Japan to meet the requirements of the Mobile Software Competition Act (MSCA) that goes into effect on December 18.
Tim Sweeney / @timsweeneyepic:
Rebekah Valentine / IGN:
Circana: Xbox Series console sales fell 70% YoY to an all-time low in November, compared to the PS5's 40% YoY drop and Switch 1 and 2's combined 10% YoY fall  —  Down again.  —  This morning, we learned that November was a surprisingly bad month for video game spending across the board.
Niko Gallogly / New York Times:
Stockholm-based vibe coding startup Lovable raised $330M led by CapitalG and Menlo Ventures at a $6.6B valuation, up from $1.8B after raising $200M in July  —  The Swedish company is now valued at $6.6 billion, more than triple its $1.8 billion valuation set by investors in July.
The Information:
Sources: OpenAI has held preliminary discussions with investors about raising tens of billions of dollars, and as much as $100B, at a valuation of around $750B  —  OpenAI has held preliminary discussions with some investors about raising new funding at a valuation of around $750 billion …
Axios:
FCC Chairman Brendan Carr tells a Senate committee the FCC “is not an independent agency”; the agency removed “independent agency” from its site as he testified  —  FCC Chairman Brendan Carr said in his Wednesday Senate testimony that the agency he governs “is not an independent agency, formally speaking.”
MacKenzie Sigalos / CNBC:
Coinbase rolls out stock trading, more advanced trading tools, prediction markets via Kalshi, and other features, amid a push to be a one-stop financial app  —  Coinbase is making its biggest push yet to reposition itself as a mainstream trading and financial platform, moving beyond crypto …
Ivan Mehta / TechCrunch:
Luma AI launches Ray3 Modify, which allows users to modify existing footage by providing character reference images; users can also define start and end frames  —  Luma, the a16z-backed AI video and 3D model company, released a new model called Ray3 Modify that allows users to modify existing footage …
Chainalysis:
North Korean hackers stole a record $2.02B in crypto in 2025, a 51% YoY rise that takes its cumulative stolen total to $6.75B; individual wallet hacks hit 158K  —  TL;DR  — North Korean hackers stole $2.02 billion in cryptocurrency in 2025, a 51% year-over-year increase …
Shakeel Hashim / Transformer:
UK AI Security Institute report: AI models are rapidly improving at potentially dangerous biological and chemical tasks, and show fast jumps in self-replication  —  UK AISI's first Frontier AI Trends Report finds that AI models are getting better at self-replication, too
Jody Godoy / Reuters:
Sources: the US FTC is investigating Instacart's AI pricing tool, after a study showed different prices for the same items at the same stores; CART drops 8%+  —  The U.S. Federal Trade Commission is probing Instacart (CART.O), two sources familiar with the matter told Reuters …
Jake Rudnitsky / Bloomberg:
Manus says it crossed $100M ARR eight months after launch and is growing at 20%+ MoM since Manus 1.5's release; its total revenue run rate is now over $125M  —  Singapore-based AI pioneer Manus said its annual run rate for revenue is over $125 million, eight months after it released artificial …
Ivan Mehta / TechCrunch:
Meta is testing limiting Facebook professional accounts and Pages to posting just two links per month, unless they subscribe to $14.99+/month Meta Verified  —  In a new experiment, Meta is limiting the number of links users can post on Facebook, unless they have a paid Meta Verified subscription.

Sponsor Posts

Command Line:
What will the next generation of developers do when AI writes the code?  —  Microsoft and Carnegie Mellon are betting that the junior devs we train today will be the senior engineers of tomorrow.
Will Reed:
The best sales leaders aren't job hunting.  Here's how to reach them without months of cold outreach.  —  Our team came from Box, Square, and Brex, so we already know the GTM leaders worth meeting.
Zoho:
UK tax compliance with Zoho Books  —  The evolving tax landscape in the UK has added an additional responsibility to business owners, accountants, and bookkeepers to ensure their choice of accounting software supports compliance …
IDrive:
Protecting your Cloud Applications Data  —  Backing up Office 365, Google Workspace, Dropbox & Salesforce data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.

Featured Podcasts

Great Chat:
What happened to tech's backbone?
A podcast mostly about tech. Brought to you weekly by Angela Du, Sally Shin, Mac Bohannon, Helen Min, and Ashley Mayer.
Subscribe to Great Chat.
The Upstarts Podcast:
The $7B Startup Mapping Your Health In Just One Hour | Neko's Hjalmar Nilsonne
Veteran tech reporter Alex Konrad sits down with breakout entrepreneurs taking on the status quo to shake up their fields in AI, design, nuclear energy, space, and more.
Subscribe to The Upstarts Podcast.
Cheeky Pint:
The company building underwater drones for $50,000
Stripe cofounder John Collison interviews founders, builders, and leaders over a pint.
Subscribe to Cheeky Pint.
BG2 Pod:
Jensen Huang | Does AI Revenue Justify Capex, '27 AI Bottlenecks, Singularity, Open vs Closed & more
Open-source podcast on all things tech, markets, investing, and capitalism, hosted by Brad Gerstner.
Subscribe to BG2 Pod.
Big Technology Podcast:
The Bumpy Road To AGI — With Kevin Roose
The Big Technology Podcast takes you behind the scenes in the tech world featuring interviews with plugged-in insiders and outside agitators.
Subscribe to Big Technology Podcast.
Channels with Peter Kafka:
How to Run a Political Campaign in the TikTok Era (And How Not To)
Media and tech aren't just intersecting - they're fully intertwined. To understand how those worlds work, Peter Kafka talks to industry leaders, upstarts and observers.
Subscribe to Channels with Peter Kafka.
 

About This Page

This is a Techmeme archive page. It shows how the site appeared at 11:30 AM ET, December 18, 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.

More News

Issie Lapowsky / Rest of World:

Earlier Picks

Kif Leswing / CNBC:
David Ingram / NBC News:
Todd Bishop / GeekWire: