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Techmeme
July 12, 2025, 1:35 PM

Top News

Hayden Field / The Verge:
Google hires Windsurf CEO Varun Mohan, co-founder Douglas Chen, and some of Windsurf's R&D employees to focus on agentic coding efforts at DeepMind  —  Key researchers from the AI coding startup are also heading to Google. … OpenAI's deal to buy Windsurf is off …
Bloomberg:
Sources: Google is paying $2.4B for a nonexclusive license to certain Windsurf tech and hire some of its employees, but won't be taking a stake in the company  —  Google is hiring Windsurf Chief Executive Officer Varun Mohan and co-founder Douglas Chen, along with a small group of staffers …
Maxwell Zeff / TechCrunch:
Sam Altman announces another delay for OpenAI's open-weight model, for further safety testing; the model was slated to be released next week  —  OpenAI CEO Sam Altman said Friday the company is delaying the release of its open model, which was already pushed back a month earlier in this summer.
Anthony Ha / TechCrunch:NEW
xAI apologizes for Grok's “horrific behavior” when it wrote antisemitic posts on July 8, and blames “an update to a code path upstream of the Grok bot”  —  In a series of posts on X, the AI chatbot Grok apologized for what it admitted was “horrific behavior.”
Financial Times:
Sources: xAI prepares a new fundraising round, its third in two months, targeting a valuation of $170B to $200B, up 10x from its May 2024 valuation of $18B  —  Grok chatbot maker in early talks with investors to boost its value as much as 10 times from last year
Google:
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Natalia Kniazhevich / Bloomberg:
PitchBook: 27 VC-backed companies went public in the US in the first half of 2025, the smallest number in at least 10 years, raising a total of $44.4B  —  Venture capital-backed companies are on track for the fewest US initial public offerings in a decade, according to data provider PitchBook …
More: PitchBook

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Scharon Harding / Ars Technica:
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Earlier Picks

Steven Levy / Wired:
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