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May 8, 2025, 5:20 PM
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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: The Verge, The Register, SiliconANGLE, Thurrott, Ars Technica, Inc, Business Insider, Tomasz Tunguz, Neowin, Fast Company, Fortune, PYMNTS.com, Adweek, VentureBeat, The Information, UPI, Entrepreneur, Decrypt, and Axios
X: @fidjissimo, @gdb, @altcap, @gergelyorosz, @kate_rouch, @openai, @sama, @sama, @jessicalessin, @alexeheath, @kevinweil, @btaylor, @fidjissimo, @quantian1, @markchen90, @ericnewcomer, @danprimack, @fidjissimo, @ericnewcomer, @alexrkonrad, @edzitron, @ericnewcomer, @eringriffith, @fidjissimo, and @michabreakstone. LinkedIn: Aman Verjee
| Fidji Simo / Instacart Corporate Blog: |
More: The Information, Chain Store Age, CNBC, and Reuters
| Mark Gurman / Bloomberg: |
Sources: Apple aims to begin mass production of a chip for its smart glasses, with greater power efficiency and multi-camera control, by end of 2026 or in 2027 — The company has made progress on the chip that it's developing for smart glasses, according to people with knowledge of the matter.
More: AppleInsider, The Verge, 9to5Mac, Reuters, Thurrott, MacRumors, iThinkDifferent, Patently Apple, iDownloadBlog.com, Digital Trends, Cult of Mac, PhoneArena, and iClarified
X: @cherthedev and @markgurman
Forums: r/apple and MacRumors Forums
| Fortune: |
Sources: Meta is in discussions with crypto firms to introduce stablecoins as a means to manage payouts, and has hired a VP of product with crypto experience — Mark Zuckerberg, CEO of Meta, speaks at a conference in September. — In 2019, Meta announced an audacious project …
More: Stripe, The Block, CoinDesk, WinBuzzer, Crypto Briefing, The Crypto Times, and Blockworks
| Aisha Malik / TechCrunch: |
Google rolls out AI-powered defenses to help combat scams on Chrome, including the use of Gemini Nano, its on-device LLM, in Enhanced Protection mode on desktop — Google announced on Thursday that it's rolling out new AI-powered defenses to help combat scams on Chrome.
More: The Keyword, Chromium Blog, Google Online Security Blog, MacRumors, How-To Geek, CNET, Engadget, Android Police, CNN, 9to5Google, Neowin, WinBuzzer, Search Engine Journal, WebProNews, Android Authority, and MediaPost. LinkedIn: Kent Walker
| 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, Video Games Chronicle, Yahoo Finance, CNBC, Reuters, Nintendo, Gameranx, MobileSyrup, iPhone in Canada Blog, RetailWire, HotHardware, Gadgets 360, KitGuru, Financial Times, and GoNintendo. Forums: r/nintendo
| Yuri Kageyama / Associated Press: |
| Lawrence Abrams / BleepingComputer: |
The LockBit ransomware gang has suffered a data breach, with 59,975 BTC addresses and 4,442 negotiation messages leaked, and posted on its dark web site — 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.| Natalie Lung / Bloomberg: |
Match says it will cut 13% of its staff and reports Q1 revenue down 3% YoY to $831M, above est., and paying users down 5% to 14.2M, below est.; MTCH drops 9.6% — Match Group Inc. is cutting one in five managers as part of a 13% workforce reduction, the latest effort by its new chief executive officer …
More: Reuters, Match Group, Proactive, Fortune, and TechCrunch
| David Wallace-Wells / New York Times: |
Q&A with Bill Gates on closing the Gates Foundation on December 31, 2045, donating ~$200B, President Trump, Elon Musk, AI drug discovery, AI advances, and more — Today the Gates Foundation celebrates its 25th anniversary by announcing its plans to close up shop.
More: Financial Times, Reuters, The Verge, Axios, CNBC, PC Gamer, TESLARATI, Gates Foundation, Observer, Mercury News, Times of India, Quartz, GeekWire, Business Insider, Profit, Barron's Online, WinBuzzer, and Semafor
Bluesky: @debipenny24, @kencaldeira.com, @tonytassell, @brittanyepage, @mikebaker, @andy.wrestlejoy.com, @robertscotthorton, @bellinimom, @kradke, @tdpattillo, @melissaryan, @marypcbuk, and @stephenkb
Mastodon: @charlesmok@mastodon.online and @petergleick@fediscience.org
X: @billgates, @billgates, @akshatrathi, @dwallacewells, @dwallacewells, @gersonborrero, @jerusalemdemsas, @mikhailalexa, and @stefanfschubert
LinkedIn: Janine Firpo, Geoffrey Jones, Carl Björkman, Glen Galaich, Rafael Flor, Ashley Kasprzak, and Lars Hasselblad Torres
Forums: Hacker News, r/thescoop, r/goodnews, r/news, r/esist, r/EffectiveAltruism, r/politics, r/microsoft, r/TeslaModelY, r/neoliberal, and Ars OpenForum
| Steven T. Dennis / Bloomberg: |
Senate Democrats block the Genius Act after Republicans rebuffed a provision to bar Trump and others from profiting off of crypto ventures while in office — Senate Democrats blocked stablecoin legislation backed by the digital assets industry amid a furor over President Donald Trump's extensive …
More: Decrypt, Gizmodo, Axios, The Hill, CNN, crypto.news, and The Daily Wire
| 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 … | Tanaya Macheel / CNBC: |
Bitcoin jumps above $100,000 for first time since February 2025, after President Trump announced a US-UK trade agreement; ether, dogecoin, and solana rose 9%+ — Bitcoin on Thursday hit its highest level since February and climbing back above the key $100,000 level.
More: CNBC, Decrypt, PYMNTS.com, Bloomberg, Disrupt Africa, Motley Fool, The Daily Hodl, NBC News, The Block, Cryptopolitan, and Inside Bitcoins
| Chris Vallance / BBC: |
The Wikimedia Foundation says it is taking legal action to challenge the UK's Online Safety Act, saying it could threaten the safety of its volunteer editors — Wikipedia is taking legal action against new Online Safety Act regulations it says could threaten the safety of its volunteer editors … | 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, Engadget, HotHardware, Pocketpair, PC Gamer, Rock, Paper, Shotgun, Comic Book, TechRaptor, Game Rant, Forbes, Massively Overpowered, Windows Central, The Verge, Push Square, Nintendo Life, and GamesRadar
X: @palworld_en, @amagicmonkfish, @morphboxsr, and @vamplosion
Forums: r/gaming, r/pcgaming, and r/TwoBestFriendsPlay
| Sarah Perez / TechCrunch: |
Meta says it will start testing video ads on Threads with a “small number” of advertisers, and “Reels trending ads”, which will be shown next to trending Reels — Instagram Threads will begin testing video ads, Meta announced on Thursday.
More: Engadget, Engadget, Adweek, Neowin, Tubefilter, TVNewsCheck, MediaPost, Deadline, and PCWorld. Threads: @crumbler
| Chris Dolmetsch / Bloomberg: |
Celsius Network founder and former CEO Alex Mashinsky is sentenced to 12 years in prison after pleading guilty to commodities fraud and misleading investors — Whoop Launches Slimmer Fitness Bands With Blood Pressure, ECG Features — Review: The Whoop 5.0 and MG — short for medical grade …
More: Engadget, Reuters, DL News, Decrypt, CoinDesk, The Block, CNBC, Wall Street Journal, Wired, Associated Press, Cointelegraph, The Crypto Times, Watcher Guru, Cryptopolitan, CoinGape, and Protos
| Helene Braun / CoinDesk: |
Coinbase reports Q1 revenue up 24% YoY to $2B, vs. $2.1B est., trading volume up 26% YoY to $393B, and earnings per share of $0.24, vs. $1.93 est. — The crypto exchange cited a drop in crypto prices as a result of U.S. President Donald Trump's tariff policy and macroeconomic uncertainty as the reason behind the weak quarter.| Lauren Thomas / Wall Street Journal: |
More: CoinDesk, DL News, Coinbase, The Block, Deribit Insights, SiliconANGLE, Crunchbase News, Yahoo Finance, The Information, Coinpedia Fintech News, Cryptopolitan, Proactive, Crypto Briefing, Blockworks, Watcher Guru, Blockchain.News, CNBC, CryptoSlate, Cointelegraph, Axios, Benzinga, ZyCrypto, Reuters, Bitcoin Insider, Decrypt, crypto.news, and Cautious Optimism
LinkedIn: Phillip Lord and John Turner
| Gaby Del Valle / The Verge: |
A federal judge in Florida dismisses most claims against celebrities who endorsed FTX, ruling that they were “uninformed” and “reckless” but not fraudulent — The famous people who endorsed FTX were ‘uninformed’ and ‘reckless’ but not fraudulent, the judge ruled.
More: CNBC, Quartz, The Hollywood Reporter, Bloomberg Law, Reuters, and Cryptopolitan. Forums: Slashdot
| Paul Sandle / Reuters: |
The UK says the Digital Services Tax remains unchanged under the trade deal agreed between the US and the UK, both of which will work on a “digital trade deal” — Britain's digital services tax, imposed on U.S. companies like Amazon (AMZN.O), Google (GOOGL.O) and Meta (META.O) …
More: Wall Street Journal, CoinDesk, Barron's Online, Verdict, ComputerWeekly.com, and Deutsche Welle
Bluesky: @deanobeidallah and @scottlincicome
LinkedIn: Wendy Cutler and Khalil Manaf Hegarty
| 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, Cyber Security News, and Socket
Bluesky: @carnage4life and @campuscodi.risky.biz. Mastodon: @Weld@infosec.exchange. LinkedIn: Daniel Stenberg
Forums: Slashdot and Ars OpenForum
| Samantha Subin / CNBC: |
Palantir's valuation rises to $281B after its shares close up 7.85%, surpassing Salesforce and joining the top 10 largest US tech companies by market cap — There's a new member in the list of the top 10 U.S. technology companies by market cap. — Data analytics software vendor Palantir jumped … | Rebecca Bellan / TechCrunch: |
Reddit CEO Steve Huffman says Reddit will work with “various third-party services” to verify a user's humanity, after an unauthorized AI persuasion experiment — Redditors around the world were scandalized last week after learning that a team of researchers released a swarm of AI-powered …
More: Reddit, 9to5Mac, The Verge, PhoneArena, and WinBuzzer
| Riley Griffin / Bloomberg: |
Robert Fergus, who co-founded FAIR with Yann LeCun in 2014, will lead Meta's Fundamental AI Research lab, succeeding Joelle Pineau — Fergus co-founded the Facebook AI Research lab, known as FAIR, in 2014 with Yann LeCun, who currently serves as the chief AI scientist at Meta.| David Shepardson / Reuters: |
Prepared testimony: Microsoft and other AI leaders urge US senators to streamline federal AI energy permits and open more government datasets for AI training — Microsoft (MSFT.O) and other AI leaders on Thursday will urge U.S. lawmakers to streamline federal permitting … | Tobias Mann / The Register: |
IBM survey of 2,000 CEOs from 33 countries: 25% of AI initiatives have delivered the expected ROI over the past few years, and 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.
More: Computerworld, IBM, insideAI News, WebProNews, MarTech, IBM, and IBM
| MacKenzie Sigalos / CNBC: |
Affirm reports Q3 revenue up 36% YoY to $783M, vs. $783M est., GMV up 36% to $8.6B, above est., and forecasts Q4 revenue below est.; AFRM drops 7%+ after hours — Affirm, the provider of buy now, pay later loans, gave a revenue forecast for the current quarter that trailed analysts' estimates …
More: Associated Press and Benzinga
| Dana Hull / Bloomberg: |
Memphis says xAI is using Tesla's 150MW Megapack batteries to shore up its Colossus supercomputer; xAI spent ~$230M on them from January 2024 to February 2025 — Elon Musk's xAI is using Tesla Inc.'s Megapack batteries to shore up its “Colossus” supercomputer in Memphis … | Akash Sriram / Reuters: |
Lyft reports Q1 revenue up 14% YoY to $1.45B, vs. $1.47B est., increases its share buyback program to $750M after activist pressure; LYFT jumps 6%+ after hours — Lyft (LYFT.O) increased its stock buyback program to $750 million and posted a 14% rise in first-quarter revenue on Thursday …
More: MarketWatch, Bloomberg, CNBC, Lyft, and Benzinga
| Mark Gurman / Bloomberg: |
Eddy Cue's disclosure of Apple's plan to shift its browser to AI systems had a clear goal: downplaying the importance of Apple's existing Google Search deal — Apple Inc. made an unusual pitch in its bid to save a lucrative search partnership with Alphabet Inc.'s Google …
More: Wall Street Journal, WiFi Planet, Breitbart, PhoneArena, 9to5Mac, The Verge, MacRumors, Yahoo Finance, Verdict, ZeroHedge News, Taipei Times, iDownloadBlog.com, The News International, PCMag, TipRanks Financial, Axios, Technology News, Investing.com, Sherwood News, Computerworld, Pocket-lint, TechRadar, AppleInsider, TheStreet, Gizmodo, Cult of Mac, and Wall Street Pit
X: @dividenddude_x, @munster_gene, @drbarnard, @megangra, and @markgurman
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