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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;">Meta announces a $14.3B investment in Scale AI and hires CEO Alexandr Wang to help oversee its AI efforts; source: Scale AI's post-money valuation is </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=3af4f54db8&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Generate videos with Veo 3 in Google Gemini</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=bc70023336&e=06cea4a9e4" style="text-decoration: none;color: #004860;">Viva Technology (day 4)</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=9f9a2e7b61&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Meta announces a $14.3B investment in Scale AI and hires CEO Alexandr Wang to help oversee its AI efforts; source: Scale AI's post-money valuation is $29B</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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<span class="excerpt">Meta said Thursday that it has backed Scale, without including details.</span>
<span class="cite">(Bloomberg)</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=6b42818072&e=06cea4a9e4" style="text-decoration: none;color: black;">@alexandr_wang:</a>
<a class="tweet_body" href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=8e205a1b0b&e=06cea4a9e4" style="text-decoration: none;color: black;">My note to Scale employees today— [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=54f9422b46&e=06cea4a9e4" style="text-decoration: none;color: black;">@alexeheath:</a>
<a class="tweet_body" href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=ef5c3194e8&e=06cea4a9e4" style="text-decoration: none;color: black;">This is also the latest example of a Big Tech co hiring the founder(s) of a hot AI startup and sending a bunch of money to its shareholders to basically buy it without triggering antitrust review. Microsoft/Inflection Amazon/Adept Google/Character Meta/Scale</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=d4ad1f2ddb&e=06cea4a9e4" style="text-decoration: none;color: black;">@s4mmyeth:</a>
<a class="tweet_body" href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=c10a96bf10&e=06cea4a9e4" style="text-decoration: none;color: black;">This is nuts. Zuckerberg essentially pays Alexandr Wang ~$15bn (through a 49% stake in Scale AI) to come over to Meta. Last month we saw Altman pay ~$6.5bn for AI hardware start-up founded by former Apple design chief Jony Ive; Could we see an OpenAI enhanced handset in the near future? Big Tech are head hunting key personnel to take the lead in what is going to be the most revolutionary tech of this generation.</a>
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<ul style="padding:0px 10px 0px 0px;">
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<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=cc0f6dad03&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Sources: Google, Scale AI's largest customer, plans to cut ties with the company after the Meta deal; Microsoft, OpenAI, and xAI also plan to step back</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=058d4b8d47&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Meta's Scale AI deal dwarfs rivals' “reverse acquihires” in scope and ambition, showing that its fear of lagging in AI outweighs fears of regulatory backlash</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Jackie Davalos / </span><span class="pub_name">Bloomberg</span>)</span>
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<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=af1c338c2c&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Source: Accel, which owns 18.5% of Scale AI after investing a total of ~$350M, expects to gain over $2.5B from Meta's $14.3B investment in the startup</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Kate Clark / </span><span class="pub_name">Bloomberg</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=f16157e942&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Sources: Walmart, Amazon, and Expedia have recently explored issuing or using stablecoins in the US to potentially save fees from cash and card transactions</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="pub_name">Wall Street Journal</span>)</span>
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<span class="excerpt">Corporate coins could take payments activity away from banks and the traditional financial system</span>
<span class="cite">(Wall Street Journal)</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=8a97602038&e=06cea4a9e4" style="text-decoration: none;color: black;">@apompliano:</a>
<a class="tweet_body" href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=035059156e&e=06cea4a9e4" style="text-decoration: none;color: black;">Reports say Walmart and Amazon are exploring the launch of their own stablecoins. Eventually every company is going to realize they can vertically integrate dollar payments into their technology stack, which unlocks lower costs and more opportunity. Follow the incentive and you can see where the world is going.</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=189ee7b25a&e=06cea4a9e4" style="text-decoration: none;color: black;">@nathanielpopper:</a>
<a class="tweet_body" href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=a963fc2a8e&e=06cea4a9e4" style="text-decoration: none;color: black;">Merchants have tried to get customers to ditch their credit cards before because the merchants don't want to pay the swipe fees. The issue has always been: what does the customer get out of it? What is the incentive for the customer to open another wallet/account? Is there a new answer this time around?</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=98cbf6e0a2&e=06cea4a9e4" style="text-decoration: none;color: black;">@amandalfischer:</a>
<a class="tweet_body" href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=f1de52270a&e=06cea4a9e4" style="text-decoration: none;color: black;">4. Amazon/Walmart can use the cheap, sticky funding your money provides to compete against other retailers without stablecoins. How can any independent business compete when the big guys are running unregulated bank side-hustles?</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=d87be25923&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">23andMe says TTAM Research Institute, a nonprofit backed by Anne Wojcicki, is the new buyer for the company's assets, offering $305M and topping Regeneron's bid</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="pub_name">Wall Street Journal</span>)</span>
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<span class="excerpt">Regeneron is backing away from buying the DNA-testing company … </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=975b8385d4&e=06cea4a9e4" style="text-decoration: none;color: black;">@23andme:</a>
<a class="tweet_body" href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=6fbf7b040d&e=06cea4a9e4" style="text-decoration: none;color: black;">23andMe announced a new definitive agreement to be acquired by TTAM Research Institute. TTAM has committed to complying with the Company's privacy policy and all applicable law and to adopting additional consumer protections and privacy safeguards to enhance protections for customer data and privacy. Read our press release here:</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=de61e31571&e=06cea4a9e4" style="text-decoration: none;color: black;">@rolfewinkler:</a>
<a class="tweet_body" href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=f87814ddab&e=06cea4a9e4" style="text-decoration: none;color: black;">$305m, quite a bit more than the $40m she offered in her last bid before the bankruptcy.</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=5fb68812c6&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Some users say ChatGPT led them into conspiratorial thinking, and when confronted, it confessed to manipulation and told them to alert OpenAI and the media</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Kashmir Hill / </span><span class="pub_name">New York 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=56d47b3060&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">The Army Reserve launches Detachment 201, an innovation corps with Palantir CTO, Meta CTO, and other tech execs advising on AI and tech as lieutenant colonels</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Heather Somerville / </span><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=cca98e708c&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">The public feed of the Meta AI app is filled with private and sensitive information, suggesting users might not be aware they are sharing their chats publicly</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Amanda Silberling / </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=aa5af9bc2f&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Google says it is testing Audio Overviews for certain Search queries, available for Labs users in English in the US</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Emma Roth / </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=2a8b8cce60&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Sources: Palmer Luckey's stablecoin startup Atticus raised ~$250M at a $2.25B valuation, and will merge into Erebor, formed by Luckey to get a banking license</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<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=7899225581&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Amazon reorganizes its healthcare business into six “pillars” to simplify its structure, following executive departures and its struggles in the market</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<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=08c16886f7&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">A White House memo says David Sacks and Craft Ventures are divesting holdings in AI companies and hyperscalers like xAI and Meta</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Dan Primack / </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;">
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=fc0f9e433e&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Digital rights organizations urge the FTC to investigate Character.AI and Meta's “unlicensed practice of medicine facilitated” by therapy AI chatbots</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Samantha Cole / </span><span class="pub_name">404 Media</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=6214cae075&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">A senior Trump administration official projects that Huawei's Ascend AI chip output will be at or below 200,000 for 2025, in a hearing with US lawmakers</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;">
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<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=cf7f2a84e9&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Betting platform Kalshi aired a fully AI-generated 30-second ad during the NBA Finals, reportedly made in 2-3 days with 300-400 generations using Google's Veo 3</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Emma Roth / </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=b514f6a737&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Cloud computing startup Crusoe plans to buy ~$400M worth of AI chips from AMD to rent to customers for its US data center that will come online by fall</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Max A. Cherney / </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=19981b4947&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Current and former employees of OpenAI have sold nearly $3B worth of shares in tender offers since 2021, with $1.5B+ going to SoftBank alone</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Natasha Mascarenhas / </span><span class="pub_name">The Information</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;">
video games
</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=11875927c3&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Nintendo Switch 2 review: great build quality, better haptics, and improved performance for Switch 1 games, but weak battery life and only a few launch titles</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Matt Swider / </span><span class="pub_name">The Shortcut</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=fdd70a2702&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Sources: Tencent is in early talks to acquire Nexon, the South Korean gaming giant behind Dungeon & Fighter Mobile; Tencent pursued a Nexon acquisition in 2019</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Dong Cao / </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=b97950b9de&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">SAG-AFTRA's Interactive Media Agreement with game companies requires performers' informed consent for all planned AI use on their voice, likeness, and movements</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Jeremy Fuster / </span><span class="pub_name">The Wrap</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
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<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;">
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<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=e4e992377f&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Source: Ramp raised $200M led by Founders Fund, valuing the startup at $16B, up from $13B in March, when it conducted a $150M share sale</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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</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;">
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<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=fdb9f019b6&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Yupp, which rewards users in crypto for comparing answers from multiple AI models and giving feedback, emerges from stealth with a $33M seed led by a16z crypto</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">James Hunt / </span><span class="pub_name">The Block</span>)</span>
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</div>
</div>
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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;">
more news
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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=2a9ac6300e&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Customs data shows Foxconn exported $3.2B worth of iPhones from India between March and May, with an average 97% to the US, up from a 2024 average of 50.3%</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=37742ae15f&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Google plans to shut down Android's Instant Apps, which let users launch apps without installing them, later this year citing low usage and engagement</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Dominic Preston / </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=5d640c46a8&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Garmin unveils the $799 Venu X1 smartwatch with a 2" square AMOLED screen, a titanium body, an eight-day battery, and a blood oxygen monitor, coming on June 18</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Emma Roth / </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=9e6bd38388&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Oracle stock jumped 24% this week, its best performance since 2001, and is up 29% in 2025, vs. Nasdaq's 1%, after the company reported cloud momentum</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=d24b6c3ee0&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Texas-based Securonix acquires ThreatQuotient, which helps companies analyze threat intelligence more efficiently; ThreatQuotient had raised about $170M</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Maria Deutscher / </span><span class="pub_name">SiliconANGLE</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=12a839e1ee&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Sources: China delays approval of Synopsys' Ansys deal as the US moved in late May to ban chip design software sales by US firms, including Synopsys, to China</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<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=f94c2a6621&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">China releases draft guidelines on cross-border transmission of automobile data, which could pave the way for the wider rollout of Tesla's FSD in the country</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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