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Techmeme

Larry Ellison briefly surpassed Elon Musk to become the world's richest person for the first time on Wednesday after a jump in Oracle shares; ORCL closed up 36% (Anders Melin/Bloomberg)

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Amsterdam-based Nebius Group plans to raise $2B in convertible notes and $1B in equity to help it expand, after signing a $17.4B+ Microsoft deal through 2031 (Bloomberg)

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A US Treasury Department document says "digital content creators", including podcasters, social media influencers, and streamers, are eligible for tax-free tips (Alex Weprin/The Hollywood Reporter)

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Amazon and Netflix partner to let advertisers buy Netflix ad inventory via Amazon's demand-side platform, after Amazon signed a similar deal with Disney in June (Brian Steinberg/Variety)

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Israeli chip monitoring startup ProteanTecs raised a $51M Series D led by IAG, with participation from Arm, Samsung, and more, taking its total funding to $250M (Meir Orbach/CTech)

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Brain Co., co-founded by Jared Kushner, Elad Gil, and others to help enterprises and governments use AI, comes out of stealth with a $30M Series A (Forbes)

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Bending Spoons agrees to acquire Vimeo for $1.38B, in an all-cash deal set to close in Q4, representing a 91% premium; Vimeo will be delisted from exchanges (Lynn Doan/Bloomberg)

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Sources: Amazon is developing consumer AR glasses codenamed Jayhawk, with microphones, speakers, a camera, and color display, set for late 2026 or early 2027 (The Information)

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Reddit, Yahoo, Medium, Quora, People, O'Reilly, wikiHow, Ziff Davis, and others adopt the Really Simple Licensing (RSL) standard that sets terms for AI scraping (Emma Roth/The Verge)

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Amazon's Zoox launches its robotaxi service in Las Vegas, letting riders hail its toaster-shaped cars between specific destinations in the city's 4.2-mile Strip (Rafe Rosner-Uddin/Financial Times)

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Reddit removes subscriber counts from subreddit pages, replacing them with past seven-day metrics to show how many users visited and made how many contributions (Jess Weatherbed/The Verge)

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Bain Capital agrees to sell its data centers in China to a consortium led by Shanghai-listed Shenzhen Dongyangguang in a ~$4B deal (Bloomberg)

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Uber plans to add Blade helicopter rides as soon as 2026 via a partnership with electric air taxi maker Joby Aviation, which acquired Blade for $125M in August (Samantha Subin/CNBC)

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Lyft partners with Ann Arbor-based May Mobility to let Atlanta riders request an autonomous minivan, with a safety driver, starting in a seven square-mile area (Andrew J. Hawkins/The Verge)

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In a letter to FTC Chair Andrew Ferguson, Sen. Ron Wyden accuses Microsoft of "gross cybersecurity negligence" leading to hospital operator Ascension's breach (Bloomberg)

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CuspAI, which develops AI foundation models for materials discovery, raised a $100M Series A led by NEA and Temasek, a source says at a ~$520M valuation (Jeremy Kahn/Fortune)

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Quantum startup PsiQuantum raised $1B led by BlackRock, Temasek, and Baillie Gifford at a $7B valuation, up from $3.2B in 2021, for a 1M-qubit computer by 2028 (Financial Times)

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Spotify plans to roll out lossless audio at 24-bit/44.1 kHz FLAC to Premium users over the next two months in 50 markets, without needing a pricier subscription (Terrence O'Brien/The Verge)

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Kraken opens trading of 60+ tokenized US securities to its EU users, powered by Backed Finance's xStocks; rwa.xyz says tokenized shares' market value is ~$421M (Emily Nicolle/Bloomberg)

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Global premium smartphone sales rose 8% YoY in H1 2025, reaching the highest-ever mark for an H1; Apple grew 3% YoY, capturing 62%+ of the overall sales (Varun Mishra/Counterpoint Research)

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An analysis of Lightcast, Foote Partners, and PwC studies on job salaries: AI-skilled workers command 19% to 56% higher pay, reflecting "task-based hiring" (Riley Gutiérrez McDermid/Gizmodo)

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ASML's €1.3B investment in Mistral gives the French startup capital and credibility, but it must prove it can survive in a US- and China-dominated AI industry (Bloomberg)

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The EU's General Court sides with Meta and TikTok in their legal dispute with the EC over the DSA's 0.05% supervisory fee, saying the EU's methodology is flawed (Foo Yun Chee/Reuters)

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iPhone 17 event tidbits: the new MagSafe battery is iPhone Air exclusive, the Air likely uses binned A19 Pro chips, and older AirPods will get Live Translation (Dan Moren/Six Colors)

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Google says it is scrapping multi-cloud data transfer fees for organizations in the EU and the UK ahead of the EU Data Act taking effect on September 12 (Paul Sandle/Reuters)

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Arm launches four Lumex compute subsystem CPU architectures to improve on-device AI on smartphones, PCs, and wearables, and unveils the new Mali G1-Ultra GPU (Ben Funk/HotHardware)

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At the Man vs. Machine hackathon, co-hosted by AI nonprofit METR to test if AI helps people code faster and better, the top prize went to an "AI-supported" team (Kylie Robison/Wired)

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How AI is upending the music industry in Latin America, as artists push back against a flood of AI-generated music on Spotify, Deezer, and YouTube Music (Laura Rodríguez Salamanca/Rest of World)

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The stocks of Strategy copycats, companies buying crypto for their treasuries, are falling, as some struggle with little differentiation and rising volatility (Bloomberg)

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How AlphaFold2 and the rise of generative AI kickstarted a new AI drug discovery boom after a spate of startups from the mid-2010s failed to live up to the hype (Financial Times)

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Sources: Meta's TBD Lab team sits in an area near Mark Zuckerberg's desk that needs special badge access and their names are not on the internal org chart (Wall Street Journal)

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Alibaba's mapping app Amap launches its own ranking of restaurants, hotels, and tourist destinations, intensifying its competition with Chinese rival Meituan (Casey Hall/Reuters)

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Leaked docs: Chinese network-monitoring provider Geedge Networks has sold Great Firewall-style censorship systems to at least four countries, including Pakistan (Zeyi Yang/Wired)

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The Trump administration's Big Tech courtship and its efforts to accelerate AI adoption across the US are alarming populists in the president's base (Joe Miller/Financial Times)

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The Players' Tribune owner Minute Media acquires VideoVerse, whose AI tools let broadcasters extract highlights from sports footage, sources say for $200M-$250M (Ivan Mehta/TechCrunch)

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Robinhood announces an in-app feed where users can follow and copy verified trades of other investors and public figures, rolling out in beta in Q1 2026 (Hannah Erin Lang/Wall Street Journal)

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Memo: Apple's March update to its AI training guidelines for data annotators marked DEI as a "controversial" topic and removed intolerance as "harmful" behavior (Océane Herrero/Politico)

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Sources: Sequoia stands to gain ~$2.65B from Klarna's IPO, a six-fold return on its ~$500M total investment, and is selling ~2% of its stake in the IPO (Katie Roof/The Information)

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Apple says the iPhone 17 lineup and iPhone Air come with Memory Integrity Enforcement, which provides "industry-first, always-on memory safety protection" (Richard Lawler/The Verge)

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Apple Watch's hypertension notifications and sleep score will come to some older models with watchOS 26; FDA clearance for the notifications is expected soon (Emma Roth/The Verge)

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Source: Klarna and some shareholders raised $1.37B in a US IPO that was more than 20x oversubscribed, selling 34.3M shares at $40 each, above the marketed range (Anthony Hughes/Bloomberg)

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A profile of 6-year-old Ramp, which has grown to a $22.5B valuation as it expanded beyond corporate cards to tools for expense reporting, bill payment, and more (Leo Schwartz/Fortune)

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Synopsys stock falls 20%+ in extended trading after the company said its IP business underperformed in Q3 partly due to US export restrictions to China (Ian King/Bloomberg)

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Crypto exchange Gemini raises the proposed price range for its US IPO from $17-$19 per share to $24-$26, targeting a valuation of up to $3.08B (Ateev Bhandari/Reuters)

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Q&A with EFF Executive Director Cindy Cohn, who will leave the role later this year after leading the nonprofit since 2015, on privacy, encryption, AI, and more (Dell Cameron/Wired)

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The new iPhones have an 18MP Center Stage front camera that features a new square sensor and can use AI to automatically adjust the field of view and rotation (Terrence O'Brien/The Verge)

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Google announces an AI Plus subscription tier for emerging markets, offering "more access to Gemini 2.5 Pro" and tools like Flow, starting with Indonesia (Abner Li/9to5Google)

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Oracle reports Q1 revenue up 12% YoY to $14.93B, vs. $15.04B est., and remaining performance obligations up 359% to $455B; ORCL jumps 25%+ after hours (Jordan Novet/CNBC)

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The iPhone 17 lineup comes with 256GB of base storage, up from 128GB in the iPhone 16 series; for the first time, the Pro Max model offers a 2TB configuration (Tim Hardwick/MacRumors)

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Google Cloud CEO Thomas Kurian says the division has $106B in unfulfilled customer contract commitments, with an expected revenue of $58B by 2027 (Davey Alba/Bloomberg)

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