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Techmeme
SAP will make it easier for customers to switch to rival service providers or end contracts, averting a possible EU antitrust fine after a September 2025 probe (Foo Yun Chee/Reuters)
[2d]
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 (Bloomberg)
[2d]
Fidji Simo is stepping down from her full-time role at OpenAI because her medical condition has worsened, and will become a part-time adviser (Wall Street Journal)
[2d]
Mercor acquires Deeptune, which builds reinforcement learning environments for AI agents, three months after CEO Brendan Foody backed Deeptune's $43M Series A (Lily Mae Lazarus/Fortune)
[2d]
Sources: Netflix executives are increasingly worried about declining engagement and are exploring adding live TV and bundling streaming services like Peacock (Wall Street Journal)
[2d]
Coinbase's chief legal officer, Paul Grewal, is stepping down after six years; VP of legal Molly Abraham moves into his role with the title of general counsel (Hannah Lang/Reuters)
[2d]
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