Techmeme
July 10, 2026, 3:35 PM

Top News

Adam Satariano / New York Times:
In preliminary findings, the EU Commission said Facebook's and Instagram's “addictive design” violates the DSA, telling Meta to make changes or risk hefty fines  —  European Union authorities said the company's use of “addictive design” violated a digital safety law.
Bloomberg:
Analysis: Alphabet, Amazon, Meta, Microsoft, and Oracle, the top spenders on new US data centers, collectively added ~$350B in debt over the past five years  —  The largest builders of artificial intelligence data centers have doubled their debt load in the last five years …
Kif Leswing / CNBC:
SK Hynix opens up 14% at $170 after raising $26.5B in the largest ever US market debut by a foreign company  —  SK Hynix opened at $170 per share on the Nasdaq on Friday, rising about 14%, as U.S. investors jumped at the opportunity to get a stake in South Korea's second-most valuable company.
Vildana Hajric / Bloomberg:
Circle says it received US regulator approval to start a national digital-currency trust bank, allowing it to offer institutional custody services  —  Circle Internet Group Inc. received approval to start a national digital-currency trust bank to support its stablecoin business …
Madhumita Murgia / Financial Times:
OpenAI and Google are selling their advanced AI models to Singapore-based subsidiaries of Alibaba, Baidu, and Tencent, exposing a gap in the US' AI controls  —  US groups have been supplying AI services to Singapore-based subsidiaries of Alibaba, Baidu and Tencent.
M.G. Siegler / Spyglass:
Like the Claude app it imitates, the new ChatGPT “Super App”, which merges Codex with ChatGPT, is a tangle of toggles and strange UI decisions  —  Even if it's ultimately the right call, the new Mac app is a mess...  I am so confused right now.  I mean that literally.
SemiAnalysis:
A look at Meta Superintelligence Labs' growth in the past year, including a top-tier RL environment and compute ramp that could catch up to Anthropic and OpenAI  —  A top tier RL environment startup spawns out of thin air, the most aggressive compute ramp we've ever seen, 2000km+ scale-across, and some advice for Google DeepMind
Sarah Perez / TechCrunch:
Filing: college social app Fizz accuses Maveron's Jerry Lu of giving confidential info to rival Sidechat after he met with Fizz as a potential investor in 2022  —  A years-long lawsuit between the college-focused social app Fizz and rival Sidechat over unfair competition practices has taken an interesting turn.
More: RuntimeWire
Matt Kapko / CyberScoop:
A US court sentences a former ransomware negotiator to 70 months in prison for colluding with BlackCat to extort $75.3M from five of his employer's clients  —  Angelo Martino exploited his insider position and fed confidential information to ransomware co-conspirators to extort a combined $75.3 million from five U.S.-based victims.
Ina Fried / Axios:
Privacy advocates, CAA, and SAG-AFTRA slam Meta's Muse Image, which lets users create AI images using the likenesses of people with public Instagram accounts  —  Meta's move to allow user to create AI images using the likenesses of people with public Instagram accounts is drawing criticism …
Bloomberg:
Phia, a shopping app co-founded by Phoebe Gates that has raised $43.5M, appears to be using fake clicks or “cookie stuffing” to claim affiliate commissions  —  Phia, an advertising startup co-founded by Phoebe Gates, daughter of billionaire Microsoft Corp. co-founder Bill Gates …
Saritha Rai / Bloomberg:
Malaysia Prime Minister Anwar Ibrahim plans to debut an agentic AI avatar of himself within days, which is meant to help the public navigate government services  —  Malaysia Prime Minister Anwar Ibrahim is about to do something very few heads of government have done: send an artificial intelligence version …
Bloomberg:
MiniMax is looking to raise as much as $2B by selling 35.6M shares at ~$34 each and offering ~$830M in zero-coupon convertible bonds due in 2027  —  MiniMax Group Inc. is joining a rush by Chinese technology companies to tap markets for funding aimed at the artificial intelligence buildout …
Juro Osawa / The Information:
Wall Street Journal:
Fidji Simo, OpenAI's CEO of AGI Deployment, says she will step down and become a part-time adviser after her medical condition worsened; Simo joined in August  —  The head of artificial general intelligence won't return from extended medical leave, a major leadership change as the AI giant prepares to go public

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.
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Featured Podcasts

Big Technology Podcast:
Anthropic IPO Panic, A Spy At OpenAI?, The Great Food Slop Debate
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The Upstarts Podcast:
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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.
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Cheeky Pint:
The company building underwater drones for $50,000
Stripe cofounder John Collison interviews founders, builders, and leaders over a pint.
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More News

Boone Ashworth / Wired:
Rose Horowitch / The Atlantic:

Earlier Picks

Lily Mae Lazarus / Fortune:
Wall Street Journal:
Hannah Lang / Reuters:
Andrew Ackerman / Washington Post:
Axios:
Dominic Preston / The Verge:
More: Meta, Quartz, CNBC, Silicon Republic, Constellation Research, Gadget Review, Implicator.ai, Business Standard, Android Authority, Techstrong.ai, Entrepreneur, Spyglass, Quartz, CNET, Reuters, TestingCatalog AI News, and Axios
LinkedIn: Hyung Won Chung and Wen Shi