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<!--[if !gte mso 9]><!----><span class="mcnPreview Text" style="display:none; font-size:0px; line-height:0px; max-height:0px; max-width:0px; opacity:0; overflow:hidden; visibility:hidden; mso-hide:all;">Nvidia reports Q1 revenue up 69% YoY to $44.06B, vs. $43.31B est., Data Center revenue up 73% to $39.1B, and net income up 26% to $18.78B</span><!--<![endif]-->
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<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=76315d499a&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Gemini 2.5 Pro: Our most intelligent AI model</a></span>
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<span style="color:#455;font-weight:bold;">Tomorrow's events: </span>
<span class="event"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=01b4578250&e=06cea4a9e4" style="text-decoration: none;color: #004860;">Bitcoin 2025 (day 3)</a>; </span>
<span class="event"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=6bfa42773c&e=06cea4a9e4" style="text-decoration: none;color: #004860;">Web Summit Vancouver (day 3)</a>; </span>
<span class="event"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=df2d26e5cd&e=06cea4a9e4" style="text-decoration: none;color: #004860;">WSJ The Future of Everything Festival (day 2)</a>; </span>
<span class="event"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=bf26ac8973&e=06cea4a9e4" style="text-decoration: none;color: #004860;">Earnings: DELL, PATH</a></span>
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<span class="title" style="font-size: 24px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=52ae4f9534&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Nvidia reports Q1 revenue up 69% YoY to $44.06B, vs. $43.31B est., Data Center revenue up 73% to $39.1B, and net income up 26% to $18.78B</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Kif Leswing / </span><span class="pub_name">CNBC</span>)</span>
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<span class="excerpt">- CNBC Councils — Supply Chain Values — CNBC on Peacock — Join the CNBC Panel — Ad Choices</span>
<span class="cite">(Kif Leswing / CNBC)</span>
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<img class="tweet_image" width="12" src="https://techmeme.com/img/twitter_x.png" style="width: 12px;">
<a class="tweet_cite" href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=a9eca872d9&e=06cea4a9e4" style="text-decoration: none;color: black;">@thetranscript_:</a>
<a class="tweet_body" href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=de837d7186&e=06cea4a9e4" style="text-decoration: none;color: black;">$NVDA CEO: China's AI progress continues with or without U.S. chips “China's AI moves on with or without U.S. chips. It has the compute to train and deploy advanced models. The question is not whether China will have AI. It already does. The real question is whether one of the world's largest markets will run on American platforms. Shielding Chinese chipmakers from U.S. competition has only strengthened them abroad and weakened America's position. Export restrictions have spurred China's innovation and scale”</a>
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<img class="tweet_image" width="12" src="https://techmeme.com/img/twitter_x.png" style="width: 12px;">
<a class="tweet_cite" href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=d8964bc647&e=06cea4a9e4" style="text-decoration: none;color: black;">@munster_gene:</a>
<a class="tweet_body" href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=e68ab814e5&e=06cea4a9e4" style="text-decoration: none;color: black;">$NVDA should be trading higher than its current up 3% in after-hours. If you back out the impact of the curbs, YoY revenue growth in April would have been 79% (reported 69%). Guide for July would have been 76% (actual guide with curbs 50%). That fractional decline of revenue growth quarter over quarter off of a much bigger base is impressive, and the latest evidence that the company's growth will be higher for longer.</a>
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<img class="tweet_image" width="12" src="https://techmeme.com/img/twitter_x.png" style="width: 12px;">
<a class="tweet_cite" href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=d7c5295ac2&e=06cea4a9e4" style="text-decoration: none;color: black;">@ericjhonsa:</a>
<a class="tweet_body" href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=57a5f68454&e=06cea4a9e4" style="text-decoration: none;color: black;">What stands out in $NVDA's report and CFO commentary: - While the FQ2 sales guide (~$45B) is below a $45.7B consensus at the midpoint, it looks pretty good given that it bakes in an ~$8B hit from the H20 China ban. For context, Nvidia's FQ2 sales consensus had only dropped by $2.1B since the ban was disclosed in mid-April.</a>
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<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=7ab1ce0a2f&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Nvidia reports H20 sales of $4.6B in Q1 but says it was unable to ship $2.5B of chips due to new export rules, and it expects a loss of $8B in H20 revenue in Q2</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Dean Takahashi / </span><span class="pub_name">VentureBeat</span>)</span>
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<span class="title" style="font-size: 24px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=354b41ed14&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Sources: Apple's next operating systems will be called iOS 26, macOS 26, watchOS 26, and more, as it plans a rebrand with numbers based on the upcoming year</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Mark Gurman / </span><span class="pub_name">Bloomberg</span>)</span>
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<span class="excerpt">Apple Inc. is planning the most sweeping change yet to its operating system names … </span>
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<img class="tweet_image" width="12" src="https://techmeme.com/img/twitter_x.png" style="width: 12px;">
<a class="tweet_cite" href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=0aaacc8c42&e=06cea4a9e4" style="text-decoration: none;color: black;">@film_girl:</a>
<a class="tweet_body" href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=7aa7df6fb4&e=06cea4a9e4" style="text-decoration: none;color: black;">look, windows 95, windows 98, and windows 2000 were all great names and great OSes. something about macOS 26 feels wrong tho. bring back the big cat names, cowards!</a>
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<div class="tweet" style="padding: 1px 0;">
<img class="tweet_image" width="12" src="https://techmeme.com/img/twitter_x.png" style="width: 12px;">
<a class="tweet_cite" href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=6e0b0d231c&e=06cea4a9e4" style="text-decoration: none;color: black;">@joannastern:</a>
<a class="tweet_body" href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=885ff860a2&e=06cea4a9e4" style="text-decoration: none;color: black;">I'm sorry but you cannot release iOS 26 in 2025. My brain can't compute this. Also I can't do 26 tips for iOS 26. Pray for me.</a>
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<div class="tweet" style="padding: 1px 0;">
<img class="tweet_image" width="12" src="https://techmeme.com/img/twitter_x.png" style="width: 12px;">
<a class="tweet_cite" href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=ca3cb3b3f6&e=06cea4a9e4" style="text-decoration: none;color: black;">@vadimyuryev:</a>
<a class="tweet_body" href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=3aa2a8056c&e=06cea4a9e4" style="text-decoration: none;color: black;">FINALLY! I was getting really annoyed that basically every single OS had a different number or generation. Biggest question: Why 26 instead of 25? We're in 2025 right? Well, after January 1st, 2026.. iOS 25 would feel outdated. So just frontrun the numbers.</a>
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<span class="title" style="font-size: 24px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=7172add49b&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Marco Rubio says the US will impose visa bans on foreign nationals “who censor Americans” and calls arrest warrants for social media posts “unacceptable”</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="pub_name">Reuters</span>)</span>
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<span class="excerpt">The U.S. will impose visa bans on foreign nationals it deems … </span>
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<a class="tweet_cite" href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=a2ded2ba52&e=06cea4a9e4" style="text-decoration: none;color: black;">@secrubio:</a>
<a class="tweet_body" href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=44f67ffb29&e=06cea4a9e4" style="text-decoration: none;color: black;">Foreigners who work to undermine the rights of Americans should not enjoy the privilege of traveling to our country. Whether in Latin America, Europe, or elsewhere, the days of passive treatment for those who work to undermine the rights of Americans are over.</a>
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<div class="tweet" style="padding: 1px 0;">
<img class="tweet_image" width="12" src="https://techmeme.com/img/twitter_x.png" style="width: 12px;">
<a class="tweet_cite" href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=07c1c5e5eb&e=06cea4a9e4" style="text-decoration: none;color: black;">@chrispavlovski:</a>
<a class="tweet_body" href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=cc1305eaac&e=06cea4a9e4" style="text-decoration: none;color: black;">This is an incredible win for Rumble and free speech. Foreign countries will need to think twice before censoring. Thank you @SecRubio</a>
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<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=e63465c968&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Pavel Durov announces a one-year deal with xAI to bring Grok to Telegram; Telegram will get $300M and 50% of the revenue from xAI subscriptions sold via the app</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Oliver Knight / </span><span class="pub_name">CoinDesk</span>)</span>
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<tr>
<td style="padding:5px 10px 0;">
<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=45fe0f09ff&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Sources: Elon Musk tried to derail OpenAI's Abu Dhabi deal, telling G42 officials that there was no chance of Trump signing off on it unless xAI was included</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="pub_name">Wall Street Journal</span>)</span>
</td>
</tr>
</table>
</div>
<div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="story">
<table class="leading_item" style="border-collapse: collapse;">
<tr>
<td style="padding:5px 10px 0;">
<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=4a753dc8cb&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Anthropic appoints Netflix co-founder and Chairman Reed Hastings to its board of directors, as the company balances growth with its stated focus on safety</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Shirin Ghaffary / </span><span class="pub_name">Bloomberg</span>)</span>
</td>
</tr>
</table>
</div>
<div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="story">
<table class="leading_item" style="border-collapse: collapse;">
<tr>
<td style="padding:5px 10px 0;">
<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=1aa7343750&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">The EU publishes its April 23 decision to fine Apple €500M for DMA non-compliance; Apple has until end of June to become compliant or face periodic fines</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Marcus Mendes / </span><span class="pub_name">9to5Mac</span>)</span>
</td>
</tr>
</table>
</div>
<div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="story">
<table class="leading_item" style="border-collapse: collapse;">
<tr>
<td style="padding:5px 10px 0;">
<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=9caa990df3&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Discord unveils Discord Orbs, a new in-app currency in beta that users can earn by completing Quests, which reward participants who interact with ads</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Wes Davis / </span><span class="pub_name">The Verge</span>)</span>
</td>
</tr>
</table>
</div>
<div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="story">
<table class="leading_item" style="border-collapse: collapse;">
<tr>
<td style="padding:5px 10px 0;">
<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=8574aa5091&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Sources: the US Commerce Department has told electronic design automation groups, which include Cadence and Synopsys, to stop supplying their tech to China</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="pub_name">Financial Times</span>)</span>
</td>
</tr>
</table>
</div>
<div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="story">
<table class="leading_item" style="border-collapse: collapse;">
<tr>
<td style="padding:5px 10px 0;">
<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=6a5c60c798&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Humain, Saudi Arabia's new state-owned AI company, says it is seeking investment from US tech companies and investors, and plans to launch a $10B VC fund</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="pub_name">Financial Times</span>)</span>
</td>
</tr>
</table>
</div>
<div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="story">
<table class="leading_item" style="border-collapse: collapse;">
<tr>
<td style="padding:5px 10px 0;">
<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=907bc0aeae&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Sources: Shein is shifting its IPO plans from London to Hong Kong after failing to secure approval from Chinese regulators, and aims to file in the coming weeks</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="pub_name">Reuters</span>)</span>
</td>
</tr>
</table>
</div>
<div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="story">
<table class="leading_item" style="border-collapse: collapse;">
<tr>
<td style="padding:5px 10px 0;">
<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=ef70b9ce21&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">X says it's pausing the encrypted DMs feature to “work on making some improvements”; users can view previous encrypted DMs but cannot send new ones</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Karissa Bell / </span><span class="pub_name">Engadget</span>)</span>
</td>
</tr>
</table>
</div>
</div>
<div class="section" style="margin-top: 12px;">
<div class="section_header uppercase" style="border-bottom: 3px solid #004860;letter-spacing: 1px;color: #004860;font-weight: bold;padding: 4px 10px;text-transform: uppercase;">
artificial intelligence
</div>
<div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="first_in_section story">
<table class="leading_item" style="border-collapse: collapse;">
<tr>
<td style="padding:5px 10px 0;">
<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=c6ce0692b2&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Opera announces Opera Neon, an AI “agentic browser” that performs tasks on users' behalf, describing it as a “premium subscription product” behind a waitlist</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Jess Weatherbed / </span><span class="pub_name">The Verge</span>)</span>
</td>
</tr>
</table>
</div>
<div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="story">
<table class="leading_item" style="border-collapse: collapse;">
<tr>
<td style="padding:5px 10px 0;">
<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=750076f471&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Sources: Nvidia suppliers Foxconn, Inventec, Dell, and Wistron made breakthroughs to resolve issues from 2024 that delayed Blackwell AI server rack shipments</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="pub_name">Financial Times</span>)</span>
</td>
</tr>
</table>
</div>
<div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="story">
<table class="leading_item" style="border-collapse: collapse;">
<tr>
<td style="padding:5px 10px 0;">
<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=35918081c5&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Getty Images CEO Craig Peters says Getty is spending “millions and millions” on its Stability AI lawsuit in the UK and the US, accusing it of copying 12M images</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Ryan Browne / </span><span class="pub_name">CNBC</span>)</span>
</td>
</tr>
</table>
</div>
<div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="story">
<table class="leading_item" style="border-collapse: collapse;">
<tr>
<td style="padding:5px 10px 0;">
<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=d8ca2b7b09&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Bell Canada plans to invest hundreds of millions to build data centers in six Canadian cities; the first, set to launch in June, has Groq as an anchor tenant</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Dina Bass / </span><span class="pub_name">Bloomberg</span>)</span>
</td>
</tr>
</table>
</div>
<div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="story">
<table class="leading_item" style="border-collapse: collapse;">
<tr>
<td style="padding:5px 10px 0;">
<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=764c3d4a4c&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">SignalFire: startups and Big Tech firms cut hiring of recent graduates by 11% and 25%, respectively, in 2024 over 2023, as AI can handle routine, low-risk tasks</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Marina Temkin / </span><span class="pub_name">TechCrunch</span>)</span>
</td>
</tr>
</table>
</div>
<div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="story">
<table class="leading_item" style="border-collapse: collapse;">
<tr>
<td style="padding:5px 10px 0;">
<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=72c4651679&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">DeepSeek completes a “minor trial upgrade” to R1 and says users can now start testing it, according to its post in an official WeChat group</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Luz Ding / </span><span class="pub_name">Bloomberg</span>)</span>
</td>
</tr>
</table>
</div>
<div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="story">
<table class="leading_item" style="border-collapse: collapse;">
<tr>
<td style="padding:5px 10px 0;">
<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=3a356ecd95&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">A look at Sea-Lion, a $52M Singapore government-backed AI initiative developing LLMs attuned to the societal and cultural nuances of the Southeast Asian region</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Saritha Rai / </span><span class="pub_name">Bloomberg</span>)</span>
</td>
</tr>
</table>
</div>
</div>
<div class="section" style="margin-top: 12px;">
<div class="section_header uppercase" style="border-bottom: 3px solid #004860;letter-spacing: 1px;color: #004860;font-weight: bold;padding: 4px 10px;text-transform: uppercase;">
earnings
</div>
<div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="first_in_section story">
<table class="leading_item" style="border-collapse: collapse;">
<tr>
<td style="padding:5px 10px 0;">
<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=7971775f9a&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Salesforce reports Q1 revenue up 8% YoY to $9.83B, vs. $9.75B est., and raises its FY 2026 revenue forecast to between $41B and $41.3B</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Zaheer Kachwala / </span><span class="pub_name">Reuters</span>)</span>
</td>
</tr>
</table>
</div>
<div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="story">
<table class="leading_item" style="border-collapse: collapse;">
<tr>
<td style="padding:5px 10px 0;">
<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=38d91c347e&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">HP reports Q2 revenue up 3.3% YoY to $13.22B, vs. $13.14B est., Personal Systems revenue up 7% to $9B, and Q3 forecast below est.; HPQ drops 15%+ after hours</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Ashley Capoot / </span><span class="pub_name">CNBC</span>)</span>
</td>
</tr>
</table>
</div>
</div>
<div class="section" style="margin-top: 12px;">
<div class="section_header uppercase" style="border-bottom: 3px solid #004860;letter-spacing: 1px;color: #004860;font-weight: bold;padding: 4px 10px;text-transform: uppercase;">
cryptocurrency
</div>
<div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="first_in_section story">
<table class="leading_item" style="border-collapse: collapse;">
<tr>
<td style="padding:5px 10px 0;">
<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=42edd7c5fe&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Circle's S-1 shows that 60% of the 24M shares available in its IPO come from existing stakeholders rather than the company, a highly unusual move in a tech IPO</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Jordan Novet / </span><span class="pub_name">CNBC</span>)</span>
</td>
</tr>
</table>
</div>
<div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="story">
<table class="leading_item" style="border-collapse: collapse;">
<tr>
<td style="padding:5px 10px 0;">
<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=64348f09a4&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Filing: GameStop acquires 4,710 bitcoin for its corporate treasury, but does not disclose the total purchase amount, after announcing a bitcoin plan in March</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Naga Avan-Nomayo / </span><span class="pub_name">The Block</span>)</span>
</td>
</tr>
</table>
</div>
<div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="story">
<table class="leading_item" style="border-collapse: collapse;">
<tr>
<td style="padding:5px 10px 0;">
<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=4b3ddbdd0f&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">A look at Tools for Humanity, cofounded by Sam Altman, as the company plans to deploy 7,500 iris-scanning Orbs across the US over the next 12 months</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Billy Perrigo / </span><span class="pub_name">Time</span>)</span>
</td>
</tr>
</table>
</div>
</div>
<div class="section" style="margin-top: 12px;">
<div class="section_header uppercase" style="border-bottom: 3px solid #004860;letter-spacing: 1px;color: #004860;font-weight: bold;padding: 4px 10px;text-transform: uppercase;">
infosec
</div>
<div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="first_in_section story">
<table class="leading_item" style="border-collapse: collapse;">
<tr>
<td style="padding:5px 10px 0;">
<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=ff8c5767dd&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Inside a “laptop farm” run by a 50-year-old US woman that let DPRK IT workers pose as US tech staff and illegally earn $17.1M from more than 300 US companies</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="pub_name">Wall Street Journal</span>)</span>
</td>
</tr>
</table>
</div>
<div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="story">
<table class="leading_item" style="border-collapse: collapse;">
<tr>
<td style="padding:5px 10px 0;">
<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=5ae9a7abf9&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">A recent surge in high-profile cyberattacks is boosting cyber insurers' prospects, with global premium volume expected to hit ~$30B by 2030, growing at 10% YoY</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="pub_name">Bloomberg</span>)</span>
</td>
</tr>
</table>
</div>
<div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="story">
<table class="leading_item" style="border-collapse: collapse;">
<tr>
<td style="padding:5px 10px 0;">
<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=4a90d56512&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Indian documents and emails: CCTV makers clashed with Indian regulators over rules requiring government labs to assess hardware, software, and source code</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Aditya Kalra / </span><span class="pub_name">Reuters</span>)</span>
</td>
</tr>
</table>
</div>
</div>
<div class="section" style="margin-top: 12px;">
<div class="section_header uppercase" style="border-bottom: 3px solid #004860;letter-spacing: 1px;color: #004860;font-weight: bold;padding: 4px 10px;text-transform: uppercase;">
smartphones
</div>
<div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="first_in_section story">
<table class="leading_item" style="border-collapse: collapse;">
<tr>
<td style="padding:5px 10px 0;">
<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=b8b05b7c5e&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Samsung releases the first One UI 8 beta for Galaxy S25, S25+, and S25 Ultra, with an updated Quick Share and more, in South Korea, the US, and other regions</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Ben Schoon / </span><span class="pub_name">9to5Google</span>)</span>
</td>
</tr>
</table>
</div>
<div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="story">
<table class="leading_item" style="border-collapse: collapse;">
<tr>
<td style="padding:5px 10px 0;">
<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=919e44d44d&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">In Q1 2025, the iPhone 16 was the best selling smartphone globally, followed by the iPhone 16 Pro Max, 16 Pro, 15, Samsung Galaxy A16, Galaxy A06, and S25 Ultra</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="pub_name">Counterpoint Research</span>)</span>
</td>
</tr>
</table>
</div>
</div>
<div class="section" style="margin-top: 12px;">
<div class="section_header uppercase" style="border-bottom: 3px solid #004860;letter-spacing: 1px;color: #004860;font-weight: bold;padding: 4px 10px;text-transform: uppercase;">
autonomous vehicles
</div>
<div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="first_in_section story">
<table class="leading_item" style="border-collapse: collapse;">
<tr>
<td style="padding:5px 10px 0;">
<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=a80de990c4&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Source: Tesla is poised to begin its long-awaited robotaxi service in Austin on June 12</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Edward Ludlow / </span><span class="pub_name">Bloomberg</span>)</span>
</td>
</tr>
</table>
</div>
<div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="story">
<table class="leading_item" style="border-collapse: collapse;">
<tr>
<td style="padding:5px 10px 0;">
<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=b4ce65f020&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">A look at issues facing self-driving trucks in the US as Aurora, whose new truck has logged 1,000+ driverless miles on I-45, aims for 20+ trucks by year's end</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Tim Balk / </span><span class="pub_name">New York Times</span>)</span>
</td>
</tr>
</table>
</div>
</div>
<div class="section" style="margin-top: 12px;">
<div class="section_header uppercase" style="border-bottom: 3px solid #004860;letter-spacing: 1px;color: #004860;font-weight: bold;padding: 4px 10px;text-transform: uppercase;">
personnel changes
</div>
<div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="first_in_section story">
<table class="leading_item" style="border-collapse: collapse;">
<tr>
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<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=205aad599c&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Instacart appoints Chief Business Officer Chris Rogers as its new CEO, effect August 15, replacing Fidji Simo, who left to become OpenAI's CEO of Applications</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Aisha Malik / </span><span class="pub_name">TechCrunch</span>)</span>
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<div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="story">
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<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=9313a5ce6e&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Sources: Unacademy co-founder Gaurav Munjal is stepping down as CEO, as the company pivots to in-person coaching centers and its Duolingo-like learning app</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Samidha Sharma / </span><span class="pub_name">The Economic Times</span>)</span>
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<div class="section_header uppercase" style="border-bottom: 3px solid #004860;letter-spacing: 1px;color: #004860;font-weight: bold;padding: 4px 10px;text-transform: uppercase;">
e-commerce
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<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=6ceb9d0fe9&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">India asks e-commerce platforms and retailers to remove “dark patterns” or deceptive actions that manipulate customers into making unintended purchases</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="pub_name">Bloomberg</span>)</span>
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<div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="story">
<table class="leading_item" style="border-collapse: collapse;">
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<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=bd75287561&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">African e-commerce giant Jumia says it is ramping up the number of China-based merchants on its platform, as it faces competition from Temu and Shein</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Olumuyiwa Olowogboyega / </span><span class="pub_name">Semafor</span>)</span>
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M&A
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<div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="first_in_section story">
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<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=e2ff66063e&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Global Payments says it will sell its Heartland Payroll Solutions unit, which has 50K+ clients, to Michigan-based fintech Acrisure for $1.1B, closing in H2 2025</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="pub_name">Reuters</span>)</span>
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<div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="story">
<table class="leading_item" style="border-collapse: collapse;">
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<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=47d675a65d&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Chinese state-backed company Hygon, which makes server CPUs, and server maker Sugon agree to merge; Hygon has a ~$43.9B market cap, while Sugon's is ~$12.6B</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Wataru Suzuki / </span><span class="pub_name">Nikkei Asia</span>)</span>
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funding deals
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<div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="first_in_section story">
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<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=ecc2f3dfdd&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Rillet raised a $25M Sequoia-led Series A and has added ~200 customers, including Windsurf, since debuting an AI tool in 2024 to automate general ledger systems</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Marina Temkin / </span><span class="pub_name">TechCrunch</span>)</span>
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<div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="story">
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<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=c3565f59b6&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Conduit, whose cross-border payments network integrates stablecoins and local currencies, raised a $36M Series A co-led by Dragonfly and Altos Ventures</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">RT Watson / </span><span class="pub_name">The Block</span>)</span>
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more news
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<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=5a0bd4773f&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Apple launches its Self Service Repair program for the iPad lineup, a first, and plans to bring the program to Canada in summer, the 34th country to offer it</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Hartley Charlton / </span><span class="pub_name">MacRumors</span>)</span>
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<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=92c8a5e534&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Amazon and Stellantis say their deal, announced in 2022, to create in-car software and bring Fire TV to in-car entertainment systems, is “winding down”</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="pub_name">Reuters</span>)</span>
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<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=c065d7a368&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Microsoft Surface Laptop 13 review: exquisite hardware, great keyboard, trackpad, and battery, and a 3:2 display, but Snapdragon X has app compatibility issues</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Antonio G. Di Benedetto / </span><span class="pub_name">The Verge</span>)</span>
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<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=f859d970b0&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">ASML's stock is down ~25% in the past year from a record ~€1,000 in July 2024, cutting $130B+ from its market cap, amid China export rules and US tariffs</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Arjun Kharpal / </span><span class="pub_name">CNBC</span>)</span>
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<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=e31567bbba&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Memo: Match Group CEO Spencer Rascoff, set to become Tinder CEO in July, lays out a new vision for the app, including speeding up product changes and using AI</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Chip Cutter / </span><span class="pub_name">Wall Street Journal</span>)</span>
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<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=cbf814335f&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Q&A with Luther Lowe, YC's first full-time lobbyist, on advocating for “Little Tech” and ensuring that startups have a voice in Washington, DC, and Brussels</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Tim Bradshaw / </span><span class="pub_name">Financial Times</span>)</span>
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<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=348a92223e&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">A profile of Byju's CEO Byju Raveendran, who refuses to take responsibility for the edtech company's implosion and is accused of hiding $533M from US lenders</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Yudhijit Bhattacharjee / </span><span class="pub_name">Rest of World</span>)</span>
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