Techmeme
July 15, 2026, 11:25 AM

Top News

Milana Vinn / Reuters:
Sources: Stripe and PE firm Advent have jointly offered $60.50/share to acquire PayPal, a 28% premium to Tuesday's close, valuing it at $53B+; PYPL jumps 15%+  —  Payments company Stripe and private equity firm Advent International have made a joint offer to acquire PayPal Holdings Inc …
Reuters:
China's cyberspace regulator says Apple Intelligence has been registered for use on iPhones in the country; Alibaba says the service will use its Qwen model  —  China's cyberspace regulator said on Wednesday that Apple's on-device generative AI service “Apple Intelligence” has been registered for use on iPhones in the country.
CNBC:
IBM's stock closed down 25.21% on Tuesday, sinking more than its previous worst day of October 19, 1987, after reporting preliminary Q2 results below estimates  —  International Business Machines shares plummeted 25% on Tuesday after the hardware, software and consulting provider released …
Mark Gurman / Bloomberg:
Sources: OpenAI's first device will be a moveable, screen-free smart speaker with a camera and sensors, meant to serve as an AI companion that taps into ChatGPT  —  OpenAI's much-anticipated push into consumer devices is slated to begin with a mobile, screen-free smart speaker designed …
Politico:
AI advocates fear New York's moratorium on new data centers could embolden Democrats to enact more state restrictions and seize on the issue in the midterms  —  New York's moratorium on data centers could serve as an opening salvo for leaders in other states looking to rein in tech infrastructure …
April Roach / CNBC:
Max A. Cherney / Reuters:
Wall Street Journal:
A group of 26 current and former employees sues Meta for allegedly using AI in layoffs in May to unfairly target workers with disabilities or on protected leave  —  Lawsuit alleges social-media company relied on AI that disproportionately targeted workers with disabilities or who were on medical or parental leave
Bernhard Warner / New York Times:
Daniel Ek's Neko Health, which offers AI-based full-body scans, raised $700M co-led by Lightspeed and O.G. Venture Partners, sources say at a ~$7B valuation  —  The health tech start-up co-founded by Spotify's Daniel Ek is worth billions more after a new $700 million funding round.
Muvija M / Reuters:
The UK government proposes a default overnight social media curfew for 16- and 17-year-olds and disabling features like autoplay and infinite scroll by default  —  Britain will introduce a default overnight curfew on social media apps for 16- and 17-year-olds, the government said …
Derek B. Johnson / CyberScoop:
The Trump administration details its “Gold Eagle” federal clearinghouse for sharing AI cyber threat information between the government and the private sector  —  The White House said the clearinghouse has already started to receive intelligence on vulnerabilities and prioritize patches.
David Ingram / NBC News:
Mark Gurman / Bloomberg:
Jess Weatherbed / The Verge:
The Information:
Sources: Apple is looking for chip companies to buy to boost its AI server chip efforts as it struggles with the performance of its servers running on M2 Ultra  —  Apple is on the lookout for acquisitions of chip companies to boost its efforts to build server chips for running AI, said people familiar with the company's efforts.
Lulu Yilun Chen / Bloomberg:
Sources: DeepSeek has started planning for an IPO in China and may file as soon as this year, allowing it to debut in 2027  —  Chinese AI pioneer DeepSeek has begun preparations for an initial public offering and may file as soon as this year, setting the stage for what could be a landmark debut for the country's technology industry.
Marina Temkin / TechCrunch:
Sources: OpenAI researcher Miles Wang is leaving the company to launch an AI drug discovery startup, and is in talks to raise $200M at a $2B valuation  —  Miles Wang, an OpenAI researcher whose work includes using AI to accelerate scientific and biological discovery, is leaving the ChatGPT maker …
More: Telecompaper
Patrick Coffee / Wall Street Journal:
How TikTok Shop sellers are using AI creators and AI twins to boost sales; eMarketer: US sales on TikTok Shop are expected to hit $23.4B in 2026, up 48% YoY  —  Brands issue warnings as more creators use avatars and duplicates of themselves to boost affiliate sales
More: PR Daily
Lucinda Shen / Axios:
Spectro Cloud, an AI infrastucture company helping manage token costs, raised a $100M Series D from AMD, LG, others at a $1B+ valuation, up from $750M in 2024  —  Spectro Cloud, an AI infrastucture company helping manage token costs, raised $100 million at an over $1 billion valuation, the company tells Axios exclusively.

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Ivan Penn / New York Times:
MacKenzie Sigalos / CNBC: