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May 3, 2025, 9:00 PM
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memeorandum
WeSmirchTop News
| Wayne Ma / The Information: |
Sources: Apple plans to launch iPhone 18 Pro models, a thin iPhone 18, and a foldable iPhone in fall 2026 but the standard iPhone 18 in spring 2027 — After years of incremental changes to the iPhone, Apple is mixing things up much more dramatically. Later this year it's expected to introduce …
More: 9to5Mac, 9to5Mac, MacRumors, Spyglass, Android Headlines, iThinkDifferent, iClarified, AppleInsider, The Verge, and AppleInsider
| Financial Times: |
Inside Japan's Disco Corp, which makes ~75% of the world's chip cutting tools, and where no staffer has a boss, with decisions made using a currency called Will — It's the start of another day for an ordinary Tokyo salaryman. On a rain-drenched Monday morning, the engineer stows …
Bluesky: @cyberfuturist, @ahl, @skamille.themanagerswrath.com, @danielfos.co, and @financialtimes.com
X: @cordeliaj and @davidkeo
LinkedIn: Max Lintott and Thomas Ableman
| New York Times: |
Sensor Tower: Temu cut US digital ad spending by an estimated 31% and Shein by 19% in the two week period from March 31 as the de minimis exemption is closed — For Meta, Alphabet and other platforms, the elimination of the tariff exemption for inexpensive goods is already cutting into advertising revenue.| Annie Palmer / CNBC: |
More: TechCrunch, Wired, The Post Millennial, ZeroHedge News, BBC, Times of India, Business Insider, Wall Street Journal, Breitbart, Newsmax, CNN, Metro.co.uk, Los Angeles Times, New York Times, New York Post, Baltimore Sun, PYMNTS.com, Jamaica Observer, Wall Street Journal, Financial Times, and The Economic Times
Bluesky: @youranonjd and @eddwilson
X: @aaronandml, @aaronandml, @mikeisaac, @astoraaron, @dhsgov, @farzyness, @healthranger, @senrickscott, @morningbrew, @peterschiff, @katienotopoulos, and @emmavigeland
LinkedIn: William August, Derek Lossing, and Stephanie Beringhele
Forums: r/politics, r/ProfessorFinance, r/NoShitSherlock, and r/China
| Brian Merchant / Blood in the Machine: |
Duolingo's “AI-first” announcement highlights the unfolding AI jobs crisis, with attrition in creative fields, hiring cuts, declining freelance incomes, more — On Monday, April 29th, Luis von Ahn, the billionaire CEO of the popular language learning app Duolingo …
Bluesky: @bcmerchant, @bcmerchant, and @bcmerchant
| Francisco Rodrigues / CoinDesk: |
Arizona Governor Katie Hobbs calls crypto an “untested investment” and vetoes a bill that would have allowed the state to invest in bitcoin using seized funds — The bill, Senate Bill 1025, aimed to create a digital assets reserve managed by the state. — What to know:| Madeline Renbarger / Newcomer: |
Some international startup founders say they are canceling travel plans or reconsidering moving to the US due to Trump administration's immigration crackdown — Plus, a16z leads the most Series A rounds for future unicorns … For startups, runway is everything.| Jordan Novet / CNBC: |
Veza, which helps company administrators manage employee access to applications and data, raised a $108M Series D led by NEA at a valuation of just over $800M — Tech giants like Google, Amazon, Microsoft and Nvidia have captured headlines in recent years for their massive investments …
More: Business Wire, Veza, FinSMEs, SiliconANGLE, Verdict, and VC News Daily
X: @nea, @gvteam, @vezainc, @vezainc, @vezainc, @norwestvp, @offleashpr, and @trueventures
LinkedIn: Jordan Novet and Tarun Thakur
| Indulekha Aravind / Rest of World: |
How Namma Yatri, an open-source ride-hailing app, forced Uber, Ola, and Rapido to adopt its no-commission, subscription model for auto-rickshaw drivers in India — Namma Yatri, launched by a SoftBank-backed fintech firm, pioneered the zero-commission model. Now other ride-hailing apps are rethinking their strategy.
More: Business Today, Inc42 Media, and Nairametrics
X: @indulekha_a, @mvzelenks, @indulekha_a, and @brendawambui
| Charles Rollet / TechCrunch: |
Instagram co-founder Kevin Systrom says AI companies are trying too hard to “juice engagement” through follow-up questions, instead of providing useful insights — Instagram co-founder Kevin Systrom says AI companies are trying too hard to “juice engagement” …
More: The Economic Times and Startup Grind on YouTube
| OpenAI: |
More: The Verge, The Decoder, Simon Willison's Weblog, CNET, One Useful Thing, Futurism, Constellation Research, Business Insider, Livemint, VentureBeat, Blockchain.News, and TechCrunch
Bluesky: @alexeheath.com, @timkellogg.me, and @natolambert
X: @sama, @sjgadler, @andrewmayne, @shiringhaffary, @shiringhaffary, @krishnanrohit, @simonw, @openai, @minimaxir, and @nearcyan
LinkedIn: Sergio Bruccoleri and Shuja Naik
Forums: Hacker News and r/OpenAI
| PYMNTS.com: |
Singapore-based cross-border B2B payment service Thunes raised a $150M Series D co-led by Apis Partners and Vitruvian Partners to accelerate its US expansion — Thunes has raised $150 million in a Series D funding round to strengthen its cross-border payments platform and accelerate its expansion in the United States.| Ernest Scheyder / Reuters: |
The US DOD transfers its AI-based Open Price Exploration for National Security program to nonprofit Critical Minerals Forum to boost Western supply deals — A U.S. government-created artificial intelligence program that aims to predict the supply and price of critical minerals has been transferred …
More: Supply Chain Magazine and Mining Technology
| Paresh Dave / Wired: |
Advocacy groups push California's AG to ensure that OpenAI's becoming a for-profit adheres to the law; OpenAI formed an advisory commission in response — A group of activists is turning to an old playbook to influence the future of one of the world's most powerful AI companies.| Kyle Wiggers / TechCrunch: |
Eric Schmidt-backed nonprofit FutureHouse, which aims to build an “AI scientist”, launches a platform and API with four AI-based tools to assist scientific work — FutureHouse, an Eric Schmidt-backed nonprofit that aims to build an “AI scientist” within the next decade …
More: San Diego Union-Tribune. X: @isnit0, @btnaughton, @sgrodriques, @andrewwhite01, @mattykirsh, and @sgrodriques. Forums: r/singularity
| Davey Alba / Bloomberg: |
US v. Google: Google says its controls for publishers to opt out of AI training only cover work by Google DeepMind, not training by its other units for search — Google can train its search-specific AI products, like AI Overviews, on content across the web even when the publishers have chosen …
More: WinBuzzer, Tech in Asia, and Cryptopolitan
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