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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;">Google Cloud suffered an outage on Thursday, affecting many of its customers; Cloudflare, Spotify, Discord, Snapchat, and others experienced service d</span><!--<![endif]-->
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<td class="page_date" style="vertical-align:middle;text-align:right;color:#004860;font-weight:700;padding-right:10px">Thu, Jun 12</td>
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<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=31dbf50a28&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Generate videos with Veo 3 in Google Gemini</a></span>
<span class="excerpt" style="color: black;font-size: 16px;"> — Create high-quality, 8-second videos with Veo 3, our state-of-the-art AI video generator. Try it with a Google AI Pro plan or get the highest access with the Ultra plan.</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=13bf3af64d&e=06cea4a9e4" style="text-decoration: none;color: #004860;">HYBRID: WWDC (day 5)</a>, </span>
<span class="event"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=c4fa920e3e&e=06cea4a9e4" style="text-decoration: none;color: #004860;">London Tech Week (day 5)</a>, </span>
<span class="event"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=ba95c6ed74&e=06cea4a9e4" style="text-decoration: none;color: #004860;">Viva Technology (day 3)</a></span>
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top news
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<div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="first_story first_in_section big_story">
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<span class="title" style="font-size: 24px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=c0ed57ec8e&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Google Cloud suffered an outage on Thursday, affecting many of its customers; Cloudflare, Spotify, Discord, Snapchat, and others experienced service disruptions</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Maxwell Zeff / </span><span class="pub_name">TechCrunch</span>)</span>
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<div class="narrow_image" style="position:relative;">
<img src="https://www.techmeme.com/250612/i42.jpg">
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<span class="excerpt">Large swaths of the internet went down on Thursday, affecting a range of services … </span>
<span class="cite">(Maxwell Zeff / TechCrunch)</span>
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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=514eee61ea&e=06cea4a9e4" style="text-decoration: none;color: black;">@mdudas:</a>
<a class="tweet_body" href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=2f7c584304&e=06cea4a9e4" style="text-decoration: none;color: black;">global internet outage, and x is somehow still up? we're truly in the upside down</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=970cad1fc6&e=06cea4a9e4" style="text-decoration: none;color: black;">@dhravyashah:</a>
<a class="tweet_body" href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=6b441a1eed&e=06cea4a9e4" style="text-decoration: none;color: black;">Greatest internet outage ever?? would be very, very interesting to know what caused this. It's three different cloud providers!! for everyone fighting the fires, huge respect #hugops 🫂 [image]</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=2939f43e5f&e=06cea4a9e4" style="text-decoration: none;color: black;">@dhh:</a>
<a class="tweet_body" href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=6c20945542&e=06cea4a9e4" style="text-decoration: none;color: black;">Cloud concentration wrecked the internets primary design goal: aggregate resilience. DARPA designed it to survive a damn nuclear strike. Now it can barely survive a single hyperscaler wobbling. We've pissed DARPA's genius away. Tragic.</a>
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<div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="big_story">
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<span class="title" style="font-size: 24px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=a53b1f4f71&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Meta sues Joy Timeline, which makes nudify app CrushAI, in Hong Kong to prevent it from advertising on Meta apps; in January, 90% of its traffic came from Meta</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Emanuel Maiberg / </span><span class="pub_name">404 Media</span>)</span>
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<span class="excerpt">As part of what it claims is a new crackdown, Meta is suing a nudify app and “strengthening” its enforcement.</span>
<span class="cite">(Emanuel Maiberg / 404 Media)</span>
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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=95cb84e6b1&e=06cea4a9e4" style="text-decoration: none;color: black;">@robleathern:</a>
<a class="tweet_body" href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=add7f8b0f9&e=06cea4a9e4" style="text-decoration: none;color: black;">I'm glad to see legal action against “nudifier” apps who keep trying to get around ads restrictions! When I was at Meta, we refined our ‘circumventing systems’ policy; “Ads must not use tactics that are intended to circumvent our ad review process. This includes techniques that attempt to disguise the ad's content or destination (landing) page.”</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=e0a9088e33&e=06cea4a9e4" style="text-decoration: none;color: black;">@davisantigone:</a>
<a class="tweet_body" href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=98981ffd06&e=06cea4a9e4" style="text-decoration: none;color: black;">2/ Ads for these services - and the non-consensual sexual images they create - are strictly against our rules. That's why we're launching new tech specifically designed to find and remove these ads, and sharing violating URLs with other companies so they can take action too.</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=2021e2e043&e=06cea4a9e4" style="text-decoration: none;color: black;">@metanewsroom:</a>
<a class="tweet_body" href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=dec543b6fd&e=06cea4a9e4" style="text-decoration: none;color: black;">Today, we're announcing we've taken legal action against the entity behind CrushAI, along with other steps to clamp down on AI ‘nudify’ apps. </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=3299778b5f&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Sources: Apple has set an internal release target of spring 2026 for its delayed upgrade of Siri, as part of an iOS 26.4 software update</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. has set an internal release target of spring 2026 for its delayed upgrade of Siri … </span>
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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=b49077396d&e=06cea4a9e4" style="text-decoration: none;color: black;">@brandonbutch:</a>
<a class="tweet_body" href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=257f3243f3&e=06cea4a9e4" style="text-decoration: none;color: black;">The delayed Siri upgrade is now expected in iOS 26.4 next spring! I'm just glad Apple didn't announce more new Apple Intelligence features at WWDC that they wouldn't be able to ship this year.</a>
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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=328764ef7d&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Chime shares jumped 37% in their Nasdaq debut on Thursday, closing at $37.11 and giving the company a market cap of $13.5B</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">MacKenzie Sigalos / </span><span class="pub_name">CNBC</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=250b0623c3&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Jensen Huang says Nvidia will exclude the Chinese market from its revenue and profit forecasts going forward, amid US restrictions on chip sales to China</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="pub_name">CNN</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=7ec5d9f7cb&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Arm CEO Rene Haas sides with Nvidia CEO Jensen Huang, saying US export controls on China threaten to slow overall tech advances and harm consumers and companies</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">
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<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=d906f0d939&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">A Citizen Lab report finds that two European journalists had their iPhones hacked with Paragon spyware; Apple fixed the zero-day used in the spyware in February</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Lorenzo Franceschi-Bicchierai / </span><span class="pub_name">TechCrunch</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=bff9ec4d9b&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">An Interpol-led law enforcement action in 26 countries disrupted infostealer operations, leading to takedowns of 20K+ malicious IPs and domains and 32 arrests</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Bill Toulas / </span><span class="pub_name">BleepingComputer</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=3500d8a6ef&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">An interview with Craig Federighi on iPadOS 26's multitasking UI, Stage Manager's interface limitations, and why the iPad's Mac-style multitasking took so long</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Andrew Cunningham / </span><span class="pub_name">Ars Technica</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=a1607244cc&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Coinbase announces its first branded credit card, in partnership with American Express, for Coinbase One US users, and creates a lower-cost Basic subscription</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Tanaya Macheel / </span><span class="pub_name">CNBC</span>)</span>
</td>
</tr>
</table>
<table class="clustered_items" style="border-collapse: collapse;">
<tr><td style="padding:0px 10px 0 32px;">
<ul style="padding:0px 10px 0px 0px;">
<li class="sub_item" style="margin:10px 0 0;">
<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=968435d279&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Shopify partners with Coinbase to enable USDC payments for its merchants through Coinbase's Base layer-2 network, starting with a limited group of merchants</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="pub_name">CoinDesk</span>)</span>
</li>
</ul>
</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=05f93c0c9e&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Adobe reports Q2 revenue up 11% YoY to $5.87B, vs. $5.8B est., Digital Media revenue up 11% to $4.35B, and forecasts Q3 revenue above estimates</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Brody Ford / </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=e42ddd4d25&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Apple unveils updates to help parents protect kids and teens online, such as easier Child Accounts setup, stronger defaults, and granular App Store age ratings</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=75258cdb03&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">The UK passes the Data (Use and Access) Bill, criticized by creatives, without an amendment to force companies to declare using copyrighted material to train AI</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Zoe Kleinman / </span><span class="pub_name">BBC</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=ad31121bb3&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Instagram plans to let users rearrange their grid, a first, and is testing a way for users to quietly post to their profile without it appearing in users' feeds</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>
</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=0dba50d8f2&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">A look at Apple's vision for Apple TV+ and its film business, as Tim Cook says the company's $200M+ bet on “F1 the Movie” is about more than selling iPhones</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Cynthia Littleton / </span><span class="pub_name">Variety</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=07ae619bde&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Sources: OpenAI talked to Saudi Arabia's PIF, India-based Reliance, and the UAE's MGX about investing in the next installment of its $40B round led by SoftBank</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Sri Muppidi / </span><span class="pub_name">The Information</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=6de3ef351e&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Google is working with the US National Hurricane Center to test an AI model that forecasts cyclones, and launches Weather Lab to share its AI weather models</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Justine Calma / </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=0c96a7ae03&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Sources: Scale AI plans to promote Chief Strategy Officer Jason Droege to CEO, replacing Alexandr Wang, who is set to join Meta after its investment in Scale AI</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>
<table class="clustered_items" style="border-collapse: collapse;">
<tr><td style="padding:0px 10px 0 32px;">
<ul style="padding:0px 10px 0px 0px;">
<li class="sub_item" style="margin:10px 0 0;">
<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=af07c62e44&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Sources: Meta's Scale AI bet came from Mark Zuckerberg wanting new leadership for Meta's AI efforts, Meta executives' relationships with Alexandr Wang, and more</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="pub_name">The Information</span>)</span>
</li>
</ul>
</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=3a939f222b&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Mattel partners with OpenAI to create AI-powered toys and games, with the first product expected in 2025, and integrates ChatGPT Enterprise in its business</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Savyata Mishra / </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=9f192f59f0&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">AMD unveils its new MI350X and MI355X GPUs for AI workloads, claiming up to 4x AI compute performance and 35x inference gains over the prior-gen MI300X</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Paul Alcorn / </span><span class="pub_name">Tom's Hardware</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=0ead0ac4c5&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Internal docs: Fidelity, TPG, Sequoia, and others are buying ~$250M worth of shares in xAI under a tender offer valuing it at $113B; Fidelity is purchasing $20M</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="pub_name">New York 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=1533bd690e&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">How Amsterdam's experiment to create a fair welfare AI model, which considered 15 characteristics to evaluate welfare applicants for potential fraud, failed</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="pub_name">MIT Technology Review</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=2a811ad12e&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">How an AI assistant developed by Brazilian nonprofit NoHarm is helping pharmacists in remote Amazon clinics process prescriptions more quickly and catch errors</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Pedro Nakamura / </span><span class="pub_name">Rest of World</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=46d86fdf7c&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Visa: stablecoin transaction volumes hit $752B in May, up from $409B in May 2024, and wallets that regularly send and receive payments hit a record 46M average</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=f11f13369a&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Gemini and Glassnode research: centralized treasuries, including governments, ETFs, and public companies, hold and control 30.9% of bitcoin's circulating supply</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Martin Young / </span><span class="pub_name">Cointelegraph</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;">
advertising
</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=990df9beb2&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Sources: FTC is discussing a consent decree on the Omnicom-Interpublic merger, prohibiting the combined company from boycotting platforms over political content</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="pub_name">New York 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=b240fe9eba&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Lyft ramps up its ad business with three new ad formats; CEO David Risher said that Lyft is on track to reach a $100M annualized ad revenue run rate by 2025 end</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Kerry Flynn / </span><span class="pub_name">Axios</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;">
funding deals
</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=76b2c30396&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Pittsburgh-based Gecko Robotics, which makes robots that inspect infrastructure, raised a $125M Series D at a $1.25B valuation, up from $633M in December 2023</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Ian Thomas / </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=083ec3d70f&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Meter, which sells and maintains packages of custom data center networking equipment, raised $170M led by General Catalyst at a $1B+ valuation</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Michael J. de la Merced / </span><span class="pub_name">New York 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=c2764c81e9&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Landbase, whose GPT-4o-based AI tool automates outreach marketing, raised a $30M Series A co-led by Ashton Kutcher's Sound Ventures and Picus Capital</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Julie Bort / </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=3b19fd9222&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Spain-based Multiverse Computing, which uses quantum-inspired AI model compression tech to shrink LLMs by up to 95%, raised a €189M Series B and has 100 clients</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Julie Bort / </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=7fc9330b7d&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Fermàt, which uses AI to analyze e-commerce store performance and audience behavior for personalized campaigns, raised a $45M Series B led by VMG Partners</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Chris Metinko / </span><span class="pub_name">Axios</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=f469a5778a&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Tel Aviv-based Tastewise, which uses gen AI to automate sales and marketing for food and beverage companies, raised a $50M Series B led by Telus Global Ventures</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Ryan Barwick / </span><span class="pub_name">Axios</span>)</span>
</td>
</tr>
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</div>
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<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=a8d23abb93&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">London-based Definely, whose AI tools help law firms draft and review legal contracts, raised a $30M Series B led by Revaia, with Clio and others participating</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Cate Lawrence / </span><span class="pub_name">Tech.eu</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=66afc74349&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Nominal, which makes industrial design software for space, energy, and defense tech, raised $75M led by Sequoia Capital, after raising $27.5M in April 2024</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Paayal Zaveri / </span><span class="pub_name">Bloomberg</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=356886a69c&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">SAG-AFTRA ends the 320+ day video game performers strike after reaching a tentative new Interactive Media Agreement contract with the major video game companies</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Erik Hayden / </span><span class="pub_name">The Hollywood Reporter</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=c05351ee00&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Databricks says it expects to generate $3.7B in annualized revenue by July, up 50% YoY; in Q1, it had nearly 50 of its 15,000+ customers spending $10M+ annually</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>
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<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=4b877d0519&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">A spam marketing operation exploited some domains owned by Nvidia, Stanford, NPR, and the US CDC to host AI slop articles redirecting users to an SEO spam site</a></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=d23f7b9525&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">TollBit: traffic from RAG bots, which scrape information in real time, to 266 websites, half of which are from news outlets, grew 49% from Q4 2024 to Q1 2025</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Nitasha Tiku / </span><span class="pub_name">Washington Post</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=c67cc434b6&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">TSMC opens a joint research lab with the University of Tokyo, the company's first with a university outside Taiwan, expanding a relationship that began in 2019</a></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=278a63cea0&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Tesla sues ex-Optimus engineer Zhongjie Li, who worked at Tesla from 2022 to 2024, accusing him of stealing humanoid robot info and setting up a rival startup</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Dana Hull / </span><span class="pub_name">Bloomberg</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=ea126abb2a&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">A profile of Airwallex co-founder Jack Zhang, who turned down Stripe's $1.2B offer seven years ago; the fintech is now valued at $6.2B and plans an IPO in 2026</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Emily Mason / </span><span class="pub_name">Bloomberg</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=4404b318f7&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">The US prosecution of quant trader Richard Ho could define how quant algorithms can become stolen property and have a major impact on Wall Street's talent war</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Chris Dolmetsch / </span><span class="pub_name">Bloomberg</span>)</span>
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