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Shares of data center real estate company Fermi closed down 34% after a tenant terminated a $150M agreement to help fund an AI campus in West Texas (Financial Times)
2025-12-12 23:49 - https://www.techmeme.com/feed.xml
Tether submits an all-cash offer to acquire a 65.4% stake in Italian soccer club Juventus, says it will invest €1B in the club if the acquisition is completed (Reuters)
2025-12-12 22:49 - https://www.techmeme.com/feed.xml
Source: OpenEvidence, which offers an AI chatbot for doctors, is raising $250M at a $12B valuation, up from $6B in Oct., and has $150M in annualized ad revenue (Stephanie Palazzolo/The Information)
2025-12-12 22:49 - https://www.techmeme.com/feed.xml
David Sacks says China is rejecting Nvidia's H200 AI chips, because the country wants "semiconductor independence" and to "prop up and subsidize Huawei" (Maggie Eastland/Bloomberg)
2025-12-12 21:49 - https://www.techmeme.com/feed.xml
Amazon Prime Video pulls its AI recaps, which it began testing in November, for Fallout, Bosch, and other shows after users noticed errors in the Fallout recaps (Emma Roth/The Verge)
2025-12-12 20:48 - https://www.techmeme.com/feed.xml
Zoom says its "federated AI" model, combining its SLM with open- and closed-source models, got 48.1% on Humanity's Last Exam vs. 45.8% for Gemini 3 Pro w/ tools (Xuedong Huang/Zoom)
2025-12-12 22:49 - https://www.techmeme.com/feed.xml
David Sacks says Trump's AI EO aims to ease companies' compliance burden and that the administration is working with Congress on a common AI oversight standard (Bloomberg)
2025-12-12 19:48 - https://www.techmeme.com/feed.xml
Mira Murati's Thinking Machines Lab makes Tinker, its API for fine-tuning language models, generally available, adds support for Kimi K2 Thinking, and more (Thinking Machines Lab)
2025-12-12 19:48 - https://www.techmeme.com/feed.xml
Google expands Google Translate's live speech translation from Pixel Buds to any headphones, supporting 70+ languages, in beta on compatible Android phones (Stevie Bonifield/The Verge)
2025-12-12 19:48 - https://www.techmeme.com/feed.xml
Policymakers behind key state AI bills scoff at Trump's EO; some GOP governors are pushing ahead with their own AI bills; Steve Bannon says Sacks misled Trump (Axios)
2025-12-12 18:47 - https://www.techmeme.com/feed.xml
Sources: X reported $752M in Q3 revenue, up 17% YoY, a net loss of $577.4M, and EBITDA of ~$454M, up 16%; revenue for the first nine months of 2025 was $2B+ (Carmen Arroyo/Bloomberg)
2025-12-12 17:46 - https://www.techmeme.com/feed.xml
Source: livestream shopping app Whatnot nears ~$1B in revenue for 2025; Whatnot says it has passed $6B in gross sales this year, more than doubling 2024's sales (Ann Gehan/The Information)
2025-12-12 17:46 - https://www.techmeme.com/feed.xml
Companies are updating insider trading policies to cover prediction markets; Kalshi and others are pushing for federal oversight, including of insider trading (Rocket Drew/The Information)
2025-12-12 17:46 - https://www.techmeme.com/feed.xml
Kalshi integrates its event trading platform into the popular crypto wallet Phantom; Dune: in November, Kalshi's trading volume hit $5.8B vs. Polymarket's $3.7B (Nina Bambysheva/Forbes)
2025-12-12 16:46 - https://www.techmeme.com/feed.xml
YouTube launches an option for US-based creators to receive payouts in PayPal's stablecoin, PYUSD (Ben Weiss/Fortune)
2025-12-12 16:46 - https://www.techmeme.com/feed.xml
Sources: Oracle has pushed back completion dates for some data centers it is building for OpenAI from 2027 to 2028, largely due to labor and material shortages (Brody Ford/Bloomberg)
2025-12-12 16:46 - https://www.techmeme.com/feed.xml
Trump's AI executive order directs federal agencies to look into withholding federal funding from states passing "the most onerous and excessive laws" around AI (Gerrit De Vynck/Washington Post)
2025-12-12 15:45 - https://www.techmeme.com/feed.xml
[Thread] Substack quietly added a feature that forced subscribers to download the app to read full newsletters but say they've rolled it back after complaints (Gergely Orosz/@gergelyorosz)
2025-12-12 14:44 - https://www.techmeme.com/feed.xml
Sam Altman's World updates its app to make it a "super app" with encrypted chat integration and a Venmo-like tool for sending and requesting crypto (Lucas Ropek/TechCrunch)
2025-12-12 15:45 - https://www.techmeme.com/feed.xml
Serval, which offers an AI-powered IT support assistant, raised a $75M Series B led by Sequoia at a $1B valuation, bringing its total raised to $127M (Reuters)
2025-12-12 14:44 - https://www.techmeme.com/feed.xml
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