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May 8, 2025, 9:00 AM
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memeorandum
WeSmirchTop News
| OpenAI: |
OpenAI hires Instacart CEO Fidji Simo as CEO of Applications, reporting to Sam Altman, who says he will remain CEO and focus on research, compute, and safety — Sam shared this message with the company earlier today: — Hi everyone - I have some exciting news to share.
More: Decrypt, PYMNTS.com, UPI, Fortune, Blockchain.News, WinBuzzer, and Benzinga
| Fidji Simo / Instacart Corporate Blog: |
Instacart CEO Fidji Simo tells employees that she is leaving in a couple of months, the new CEO will be a management team member, and she will stay on as Chair — Instacart CEO and Chair Fidji Simo shared the email below with Instacart employees this evening. You can read it in full here:| Andrew Webster / The Verge: |
Rockstar says its second Grand Theft Auto VI trailer was “captured entirely in-game from a PlayStation 5, comprised of equal parts gameplay and cutscenes” — The trailer was also captured entirely in-game from a PS5. … A second trailer for Grand Theft Auto VI had a surprise drop this week …
More: Rockstar Games on YouTube, The Hollywood Reporter, Digital Foundry on YouTube, GamesIndustry.biz, KitGuru, Pure Xbox, Gadgets 360, Eurogamer.net, The Shortcut, TechRadar, Video Games Chronicle, Push Square, Metro.co.uk, TheGamer, Slant Magazine, PC Gamer, Comic Book, Tech4Gamers, and 80 Level
X: @rockstargames and @rockstargames
| Bloomberg: |
US v. Google: Eddy Cue says Apple is “actively looking at” revamping Safari for AI search, and that in April searches fell for the first time; GOOG dropped 7.5% — Apple Inc. is “actively looking at” reshaping the Safari web browser on its devices to focus on AI-powered search engines …
More: Wall Street Journal, Business Insider, CNBC, The Verge, Fortune, PCMag, 9to5Mac, The Verge, MacRumors, Ars Technica, Quartz, Search Engine Roundtable, CNBC, 9to5Mac, AppleInsider, Analytics India Magazine, Spyglass, The Verge, Yahoo Finance, Reuters, City A.M., Tom's Guide, Verdict, O'Grady's PowerPage, SiliconANGLE, Gadgets 360, Daring Fireball, Mashable, WinBuzzer, Cryptopolitan, Wccftech, PhoneArena, iThinkDifferent, TheStreet, Interesting Engineering, The National, Bloomberg, BGR, Yahoo Finance, Gizmodo, TechRadar, Cult of Mac, Wall Street Pit, Capital Brief, MacRumors, New York Post, and Philip Elmer‑DeWitt
Bluesky: @jackjenkins.me and @caseynewton
X: @khushitavasant, @signulll, @brandonbutch, @marvinvonhagen, @pkafka, @munster_gene, @pkafka, @rihardjarc, @munster_gene, @garrytan, @aravsrinivas, @pkafka, @pkafka, @parkerortolani, @rihardjarc, @benbajarin, @stockmktnewz, @matthewstoller, @markgurman, @zerohedge, and @deitaone
Forums: r/apple, r/artificial, r/technology, r/technews, r/wallstreetbets, Slashdot, Ars OpenForum, and MacRumors Forums
| The Keyword: |
Google says it is continuing to see “overall query growth in Search”, including “an increase in total queries coming from Apple's devices and platforms” — We continue to see overall query growth in Search. That includes an increase in total queries coming from Apple's devices and platforms.
More: MacRumors, AppleInsider, Barron's Online, 9to5Mac, TechSpot, WebProNews, and Search Engine Journal
Forums: Slashdot, Slashdot, and MacRumors Forums
| Mark Gurman / Bloomberg: |
| Takashi Mochizuki / Bloomberg: |
Nintendo projects Switch 2 sales will reach 15M units for the fiscal year ending March 2026, below 16.8M est., and ~$2.2B in annual operating profit, below est. — What Trump's ‘Golden Dome’ Can Learn From Israeli Air Defenses — An exclusive look at what Israel's upgraded air defense system can …
More: Engadget, TheGamer, iPhone in Canada Blog, Tech4Gamers, Reuters, Video Games Chronicle, GamesRadar, Financial Times, CNBC, Tech Xplore, Nintendo, Tech in Asia, GoNintendo, Daily Sabah, and The Japan Times. Forums: r/nintendo
| Yuri Kageyama / Associated Press: |
Nintendo reports FY 2024-25 revenue down 30% YoY to ~$8B, profit down 43% YoY to ~$1.9B, and says the Switch has 128M+ players globally eight years after launch — Japanese video-game maker Nintendo on Thursday reported a 43% decline in profit for the fiscal year through March …
More: GamesIndustry.biz, Game Developer, VentureBeat, and Variety
| Bloomberg: |
The US Commerce Department says it will rescind the Biden-era “AI diffusion rule” to limit AI chip exports from May 15, replacing it “with a much simpler rule” — The Trump administration plans to rescind Biden-era AI chip curbs as part of a broader effort …
More: Wall Street Journal, eeNews Europe, VentureBeat, Tech Monitor, Reuters, City A.M., Quartz, CNBC, TrendForce News, Wall Street Pit, Tech in Asia, WinBuzzer, TechHQ, Senator Pete Ricketts, The Japan Times, Washington Times, The Information, Finance News Network, Benzinga, Anadolu Ajansı …, Financial Times, Yahoo Finance, and Axios
X: @deitaone, @amitisinvesting, @pstasiatech, @spencerhakimian, @danielnewmanuv, @andrewcurran_, @firstadopter, @annmarie, @senatorricketts, @stephaniealai, @capitalobserver, @ashleyrgold, @tradelawnews, and @nvidianewsroom. LinkedIn: Joshua Geltzer
Forums: r/technology and Slashdot
| Kevin Purdy / Ars Technica: |
An interview with curl project founder Daniel Stenberg, who likens “AI slop” in HackerOne submissions to a DDoS attack, echoing Seth Larson and others' concerns — “A threshold has been reached. We are effectively being DDoSed. If we could, we would charge them for this waste of our time …
More: HackerOne, Socket, and Cyber Security News
Bluesky: @campuscodi.risky.biz. Mastodon: @Weld@infosec.exchange. LinkedIn: Daniel Stenberg. Forums: Slashdot and Ars OpenForum
| Wired: |
Sources: OpenAI staffers met with the FDA and two DOGE associates multiple times in recent weeks to discuss a project called cderGPT, likely for drug evaluation — High-ranking OpenAI employees have met with the FDA multiple times in recent weeks to discuss AI and a project called cderGPT.
More: TechCrunch, WinBuzzer, Reuters, and Tech in Asia
| Washington Post: |
More: New Republic, Raw Story, Israpundit, Letters from an American, and CleanTechnica
| Lawrence Abrams / BleepingComputer: |
Hackers defaced the LockBit ransomware gang's dark web affiliate panels, linking to a MySQL database dump with operational data, including 59,975 BTC addresses — The LockBit ransomware gang has suffered a data breach after its dark web affiliate panels were defaced and replaced with a message linking to a MySQL database dump.| Kyle Wiggers / TechCrunch: |
Anthropic launches web searches API for Claude 3.7 Sonnet, 3.5 Sonnet, and 3.5 Haiku at $10 per 1K searches, giving the models access to up-to-date information — Anthropic is launching a new API that allows its Claude AI models to search across the web. Developers using it can build …
More: Anthropic, Tech in Asia, WinBuzzer, WebProNews, Blockchain.News, and VentureBeat
X: @anthropicai, @anthropicai, @llama_index, and @chu_onthis
Forums: Hacker News and r/ClaudeAI
| Bloomberg: |
Filing: Apple seeks to pause the part of the April 30 Epic v. Apple US court ruling that blocked it from charging App Store commissions on outside transactions — The company is appealing a federal judge's ruling last week in its long-running fight with Epic Games Inc. that the iPhone maker failed … | Victoria Kennedy / Eurogamer.net: |
Palworld developer Pocketpair says a 2024 update was due to “ongoing litigation” and a new update is “yet another compromise”, as it disputes Nintendo's claims — “We... assert the invalidity of the patents in question.” — Palworld developer Pocketpair has released …
More: Video Games Chronicle, Windows Central, Polygon, Destructoid, GamesRadar, Nintendo Life, Push Square, Dexerto, and GoNintendo
X: @palworld_en, @amagicmonkfish, @morphboxsr, and @vamplosion
Forums: r/gaming and r/TwoBestFriendsPlay
| Tobias Mann / The Register: |
An IBM survey of 2,000 CEOs finds that only 25% of AI initiatives have delivered expected ROI over the last few years, and only 16% have scaled enterprise wide — Just 1 in 4 bets paying off so far — Only a quarter of AI initiatives have delivered the expected return on investment, according to an IBM survey of 2,000 CEOs.| Financial Times: |
The European Commission is facing pressure from member states, led by Ireland, to require Google, Meta, and others to vet financial ads for potential scams — EU member states push for rule change to make tech groups shoulder responsibility for fraud that costs billions each year| Washington Post: |
Internal messages show how the US State Department, in conjunction with trade talks, pushed nations facing tariffs to clear regulatory hurdles for Starlink — Some countries have turned to the satellite internet firm in conjunction with trade talks, State Department staffers wrote.
More: TechCrunch, The Atlantic, Notes From The Circus, The Independent, Tech in Asia, Raw Story, Benzinga, Reuters, Gizmodo, and The Register
Bluesky: @socialmedialab.ca, @vanhollen.senate.gov, @robertscotthorton, @thetnholler, @willoremus.com, @sababausa, @scondrasht, @repcasar, @grudgie, @authorwinifred, and @carlquintanilla
Mastodon: @dangillmor@mastodon.social and @dianshuo@mstdn.io
X: @jstein_wapo, @repcasar, @jstein_wapo, @tcfrankel, @lpolgreen, @samstein, and @joroulette
| Danny Park / The Block: |
The US OCC says banks can buy and sell customers' crypto assets on their behalf and can outsource crypto custody and trade execution services to third parties — - The OCC clarified that national banks are permitted to execute cryptocurrency buy and sell orders on behalf of their customers.| Mary Ann Azevedo / TechCrunch: |
At Stripe Sessions, the company announced an AI foundation model for payments, plans for stablecoin-powered accounts, a recent migration with Nvidia, and more — Fintech giant Stripe announced Wednesday a slew of new product launches at its annual Stripe Sessions user event.
More: Stripe Documentation, Cointelegraph, The Block, Stripe, The Crypto Times, Bloomberg, Blockhead, Cryptopolitan, Decrypt, crypto.news, PYMNTS.com, CryptoSlate, and Stripe
X: @thegautam and @stripe
| Reuters: |
TPG and Corpay agree to acquire Charlotte, NC-based payment automation software provider AvidXchange for $2.2B, with Corpay investing ~$500M for a 33% stake — Global alternative asset manager TPG (TPG.O) will partner with Corpay (CPAY.N) to buy payments solutions provider AvidXchange … | Ben Schoon / 9to5Google: |
Samsung plans to launch the Galaxy S25 Edge at a May 12 virtual event at 8pm ET, and reservations for the super-slim device are now open with a $50 credit — After weeks of rumors and an apparent delay, Samsung has just announced a May 12 launch event for the Galaxy S25 Edge and has opened reservations for the device.
More: Samsung Newsroom, International Business Times, ZDNET, Techaeris, Gizchina.com, GSMArena.com, Neowin, Gadgets 360, Business Today, TechCity, Digital Trends, Mashable, Livemint, HotHardware, 9to5Toys, SamMobile, BGR, PCMag, SammyGuru, Tom's Guide, TechRadar, How-To Geek, Android Headlines, Engadget, Android Authority, The Verge, Gizmodo, The Shortcut, XDA Developers, Android Police, and Pocket-lint
| Lauren Forristal / TechCrunch: |
Netflix unveils its ChatGPT-powered search that lets users express preferences using natural phrases, rolling out this week to iOS users as an opt-in beta — After hinting at a new AI-powered search experience during its recent earnings call, Netflix officially unveiled the feature at its tech and product event on Wednesday.| Rebecca Bellan / TechCrunch: |
Reddit CEO Steve Huffman says the service will work with “various third-party services” to verify a user's humanity, after an AI experiment in r/ChangeMyView — Redditors around the world were scandalized last week after learning that a team of researchers released a swarm of AI-powered … | Jonathan Vanian / CNBC: |
AppLovin reports Q1 revenue up 40% YoY to $1.48B, vs. $1.38B est., net income up 144% to $576M, and forecasts Q2 revenue below est.; APP jumps 13%+ — AppLovin shares soared as high as 15% in extended trading after the company reported earnings and revenue that beat expectations and announced the sale of its mobile gaming business.| Neil Long / Mobilegamer.biz: |
| Simon Hill / Wired: |
A look at Silence Speaks, a British startup that has built an AI-powered sign language avatar capable of accurately translating text to British Sign Language — New technology from British startup Silence Speaks enables an AI-generated sign language avatar to effectively give the deaf … Sponsor Posts
Subquadratic:
Subquadratic: the LLM built for 12M-token reasoning — SubQ can reason across entire codebases and document sets in one pass with no RAG workarounds. Read how SubQ 1.1 Small holds near-perfect retrieval out to 12M tokens.
Subquadratic: the LLM built for 12M-token reasoning — SubQ can reason across entire codebases and document sets in one pass with no RAG workarounds. Read how SubQ 1.1 Small holds near-perfect retrieval out to 12M tokens.
Equals:
Stop vibe coding analytics — Equals AI turns questions about your business into auditable spreadsheet models and dashboards. Build once, iterate for years.
Stop vibe coding analytics — Equals AI turns questions about your business into auditable spreadsheet models and dashboards. Build once, iterate for years.
Zoho:
From MCP to billing: Updates that accelerate hiring — TL;DRConnect your favorite AI tools to Zoho Recruit with Zoho Recruit MCP.Catch up on conversations faster with Zia email summaries.Review candidate context instantly …
From MCP to billing: Updates that accelerate hiring — TL;DRConnect your favorite AI tools to Zoho Recruit with Zoho Recruit MCP.Catch up on conversations faster with Zia email summaries.Review candidate context instantly …
IDrive:
Protecting your Cloud Applications Data — Backing up Office 365, Google Workspace, Dropbox & Salesforce data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.
Protecting your Cloud Applications Data — Backing up Office 365, Google Workspace, Dropbox & Salesforce data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.Featured Podcasts
Training Data:
Inside Zipline's Autonomous System: 140M Miles, Zero Incidents
Sequoia Capital partners host conversations with leading AI builders and researchers to develop a deeper understanding of the evolving technologies and their implications.
Subscribe to Training Data.
Invest Like the Best:
Jeremy Giffon - The Billion Dollar PDF
The leading destination to learn about business and investing. We do this by showcasing exceptional talent and ideas.
Subscribe to Invest Like the Best.
Big Technology Podcast:
Who Wins The AI Superapp Battle?, Apple's Consumer AI Victory, World Cup Automation Mistake
The Big Technology Podcast takes you behind the scenes in the tech world featuring interviews with plugged-in insiders and outside agitators.
Subscribe to Big Technology Podcast.
Hard Fork:
Fable Ban Reversed + Dr. Dana Suskind on Parenting With A.I. + Prediction Market Drama
The future is already here. Each week, journalists Kevin Roose and Casey Newton explore and make sense of the latest in the rapidly changing world of tech.
Subscribe to Hard Fork.
The Upstarts Podcast:
Blitzy's Brian Elliott: Cursor And Claude Code Are Looking At Your Enterprise Code 'Through A Straw'
Veteran tech reporter Alex Konrad sits down with breakout entrepreneurs taking on the status quo to shake up their fields in AI, design, nuclear energy, space, and more.
Subscribe to The Upstarts Podcast.
Tools and Weapons with Brad Smith:
Connecting the Unconnected: Doreen Bogdan-Martin
Microsoft Vice Chair and President Brad Smith speaks with leaders in government, business, and culture to explore the most critical challenges at the intersection of technology and society.
Subscribe to Tools and Weapons with Brad Smith.
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