Techmeme
July 10, 2026, 11:25 AM

Top News

Zac Hall / 9to5Mac:
Zac Hall / 9to5Mac:
Bloomberg:
SK Hynix raises $26.5B in the largest ever US market debut by a foreign company, selling 177.9M ADRs for $149 each; the sale was more than 7x oversubscribed  —  SK Hynix Inc. raised $26.5 billion in its American depositary receipt offering, as the South Korean memory chipmaker powered through volatility …
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.
Wall Street Journal:
Sources: Netflix executives are increasingly worried about declining engagement and are exploring adding live TV and bundling streaming services like Peacock  —  Streamer is rethinking some of its core strategies to compete with rivals  —  Top Netflix executives who gathered …
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
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.
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 …
Andrew Ackerman / Washington Post:
Federal Reserve Chair Kevin Warsh names Marc Andreessen and Xbox CEO Asha Sharma to lead a task force on the economic impact of new technologies, including AI  —  The billionaire investor will help shape how the Federal Reserve assesses a technology his firm has bet heavily on.
Cristian Dina / The Next Web:
Munich-based QuantumDiamonds, which uses quantum sensors to detect chip defects, raised €91M, including €76M under the European Chips Act  —  QuantumDiamonds, a spin-out of the Technical University of Munich, has raised €91M to scale a diamond-based tool that spots hidden defects inside advanced chips.
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 …
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
Hannah Lang / Reuters:
Coinbase's chief legal officer, Paul Grewal, is stepping down after six years; VP of legal Molly Abraham will take his role with the title of general counsel  —  Coinbase (COIN.O)'s Chief Legal Officer Paul Grewal is stepping down after six years at the U.S. crypto giant where he fought off …
Boone Ashworth / Wired:
1X says its humanoid robot Neo's five-fingered hands have tendon-style actuators that give them 25 degrees of freedom of movement; human hands usually have 27  —  The soft, weirdly sexualized home-chore robot has been given some very tactile hands.  —  Friendly home robots have been the dream of sci-fi for a long time.
Lily Mae Lazarus / Fortune:
Mercor acquires Deeptune, which builds reinforcement learning environments for AI agents, three months after CEO Brendan Foody backed Deeptune's $43M Series A  —  Brendan Foody started Mercor when he was 19 years old.  Now he's 23, worth billions on paper, and running one of the fastest-growing companies in AI history.
OpenAI:
GPT-5.6 Sol costs $5 per 1M input tokens and $30 per 1M output tokens, GPT-5.6 Terra costs $2.50 and $15, and GPT-5.6 Luna costs $1 and $6  —  More intelligence from every token, stronger performance per dollar, and more capability on demand for your hardest work.
Axios:

Sponsor Posts

Command Line:
Azure Content Understanding: Building on lessons from a decade of Document Intelligence  —  What a decade of teaching machines to read real-world documents taught us about what LLMs can and can't do.
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:
Zoho Books now supports CT600 & Final Accounts Filing as an add-on in the FREE plan  —  Managing end-of-year filing for limited companies in the UK is often expensive and multi-layered.
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.

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More News

Rose Horowitch / The Atlantic:

Earlier Picks

Sam Clark / Politico:
Dominic Preston / The Verge:
More: Meta, CNBC, Constellation Research, Business Standard, Silicon Republic, Entrepreneur, Spyglass, Android Authority, Social Media Today, Quartz, CNET, Reuters, TestingCatalog AI News, and Axios
LinkedIn: Hyung Won Chung and Wen Shi