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May 9, 2025, 10:20 AM
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Steven T. Dennis / Bloomberg:
Senate Democrats block the Genius Act for stablecoins after Republicans rebuffed barring 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 …
David K. Li / NBC News:
A US judged sentenced an Arizona man to the maximum 10.5 years in prison after his deceased victim gave the court an impact statement via an AI-generated video  —  The defendant got the maximum of 10½ years for the 2021 murder.  His attorney called the presentation “inflammatory,” providing grounds for appeal.
Chris Dolmetsch / Bloomberg:
A US judge sentences Celsius founder and former CEO Alex Mashinsky to 12 years in prison, after he pleaded 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 …
Karissa Bell / Engadget:
Meta brings its Account Status feature to Threads, letting users see when the company has removed or demoted their posts or handed out other account penalties  —  Threads will finally start giving users more visibility into when their accounts are penalized for breaking its rules.
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
Mark Gurman / Bloomberg:
Sources: Apple aims to have TSMC mass produce 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.
Reinhardt Krause / Investor's Business Daily:
Cloudflare reports Q1 revenue up 27% YoY to $479.1M, vs. $469.3M est., and forecasts Q2 revenue of $500M to $501M, vs. $500.4M est.; NET jumps 8%+ after hours  —  Cloudflare (NET) stock climbed Friday after the company reported first-quarter earnings that met views while revenue topped Wall Street targets.
Fortune:
Sources: Meta is talking to crypto firms about introducing stablecoins for managing payouts, and in January 2025 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 …
Michael Nuñez / VentureBeat:
Alibaba researchers detail ZeroSearch, a technique allowing LLMs to develop advanced search capabilities via simulation, claiming it cuts costs by up to 88%  —  Researchers at Alibaba Group have developed a novel approach that could dramatically reduce the cost and complexity of training AI systems …
More: WinBuzzer, arXiv.org, and The Drum
Bluesky: @soodoku.  X: @_akhaliq.  LinkedIn: Derrick Mwiti.  Forums: r/baba and Slashdot
Helene Braun / CoinDesk:
Coinbase Q1: revenue up 23% YoY to $2B, vs. $2.1B est., net income down 94% YoY to $66M, trading volume up 26% YoY to $393B, and $0.24 EPS, vs. $1.93 est.  —  Shares of Coinbase (COIN) fell nearly 3% in post-market trading after it reported a significant drop in revenue in the first quarter of the year …
Scharon Harding / Ars Technica:
Broadcom is sending cease-and-desist letters to owners of VMware perpetual licenses with expired support contracts, to push them to buy VMware product bundles  —  Broadcom has been sending cease-and-desist letters to owners of VMware perpetual licenses with expired support contracts, Ars Technica has confirmed.

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 10:20 AM ET, May 9, 2025.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

From Mediagazer

Todd Spangler / Variety:
On a staff call, Bari Weiss defends firing Scott Pelley, saying the foundation of “trust and mutual respect” was broken after Pelley's outburst on Monday

Bloomberg:
Bill Ackman's Pershing Square plans to sell its stake in Universal Music Group, days after the Amsterdam-listed group rejected his takeover bid

Washington Post:
Two Stars and Stripes advisory board members sue the US Defense Department, saying new restrictions on the paper violate the First Amendment and federal law

More News

Coco Feng / South China Morning Post:
Huawei teases its first laptop running HarmonyOS 5, after its Windows license for PCs expired in March 2025, and plans a full reveal on May 19
Chris Cameron / New York Times:
Trump threatens to end the Digital Equity Act, a Biden-era law aimed at expanding high-speed internet access, calling it “racist” and “totally unconstitutional”
Washington Post:
Senate hearing: Sam Altman says that requiring government approval to release AI would be “disastrous” for the US' lead in AI, a reversal from his 2023 comments

Earlier Picks

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
Aisha Malik / TechCrunch:
Google rolls out AI-powered defenses to help combat scams on Chrome, including by using Gemini Nano, its on-device LLM, in Enhanced Protection mode on desktop
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”
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%+
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
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