Techmeme
May 20, 2025, 11:51 AM

Top News

Bloomberg:
Sources: Nintendo picked Samsung to produce the Switch 2's main chips, aiming to sell 20M+ units by March 2026, a key win for Samsung as it competes with TSMC  —  Securing a contract for one of the summer's hottest new gadgets will likely help lift utilization or boost business for the Korean conglomerate's chip foundries.
Lauren Feiner / The Verge:
Trump signs the Take It Down Act, criminalizing the distribution of nonconsensual intimate images and requiring platforms to promptly remove them when notified  —  The bill sailed through Congress with a focus on deepfakes and other nonconsensual intimate images.
Wall Street Journal:
Analysis: four of the world's top 50 tech companies are European, and none of the top 10 quantum companies are in Europe, as the continent lags the US and China  —  A risk-averse business culture and complex regulations have stifled innovation on the continent, weighing on its future
Politico:
France says it banned Telegram founder Pavel Durov on May 12 from going to the US for “negotiations with investment funds”, after arresting him in August 2024  —  The Russian-born entrepreneur is not allowed to leave France without permission following his August arrest.
More: 404 Media and Cryptopolitan
X: @durov, @victorglaf, and @durovForums: Slashdot
Clare Duffy / CNN:
The US House Budget Committee advances a budget bill that would ban US states from enforcing any law regulating AI for 10 years; the bill now goes to the House  —  New York CNN —  —  More than 100 organizations are raising alarms about a provision in the House's sweeping tax …
Steven T. Dennis / Bloomberg:
The US Senate advances the GENIUS Act, a stablecoin bill, after a group of Democrats dropped their opposition on May 19, a major victory for the crypto industry  —  Stablecoin legislation overcame a procedural blockade in the US Senate, marking a major victory for the crypto industry …
Bloomberg:
Chinese government data: smartphone exports including iPhones fell 72% MoM to $688.5M in April, the lowest since 2011, outpacing a 21% drop in overall shipments  —  Smartphone exports slid 72% to just under $700 million last month, sharply outpacing an overall 21% drop in Chinese shipments to the US …
New York Times:
President Trump's recent Middle East trip helped Elon Musk's SpaceX and Neuralink cut lucrative deals, deepening Musk's ties to the Gulf's autocratic monarchies  —  The world's richest man inked new deals as he tagged along on President Trump's tour of the Gulf.
Wall Street Journal:
Sources: Sam Altman had for months sought to delegate more responsibility before hiring Fidji Simo, an adept and detail-oriented manager, in contrast to Altman  —  Fidji Simo is leaving Instacart for a newly created role at Sam Altman's startup as it prepares for a potential public offering
Bloomberg:
Malaysia downplays its deal to use 3,000 Huawei chips to build a first-of-its-kind AI system by 2026, underscoring its delicate position in the US-China AI race  —  Malaysia declared it'll build a first-of-its-kind AI system powered by Huawei Technologies Co. chips, only to distance itself …
Ryan S. Gladwin / Decrypt:
Michael Arrington says Coinbase's recent data breach “will lead to people dying”, calls for KYC rules reassessment and prison for execs failing to protect users  —  The founder of online news publication TechCrunch has claimed that Coinbase's recent data breach “will lead to people dying …
Bloomberg:
Emma Roth / The Verge:
Spotify says Apple approved an update that lets US users buy individual audiobooks and see audiobook prices inside its iOS app, after the Epic v. Apple ruling  —  You'll see a ‘Buy’ button alongside an audiobook's price. … It's finally possible to purchase an audiobook from Spotify's iPhone app with just a few taps.
Todd Spangler / Variety:
SAG-AFTRA files an NLRB unfair labor practice charge against Epic's Llama Productions for using AI to recreate James Earl Jones' Darth Vader voice in Fortnite  —  The actors union said Epic-owned Llama Productions “chose to replace the work of human performers with AI technology” …
Nilay Patel / The Verge:
Q&A with Microsoft CTO Kevin Scott on AI agents, MCP, web search, NLWeb, the relationship with OpenAI, how new hardware and optimizations benefit AI, and more  —  Today, I'm talking with Kevin Scott, the chief technology officer of Microsoft and one of the company's AI leaders.
Lawrence Abrams / BleepingComputer:
Emma Roth / The Verge:

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Earlier Picks

Washington Post:
Luisa Beltran / Fortune:
Pradeep Viswanathan / Neowin:
Tom Warren / The Verge:
Ryan Gallagher / Bloomberg:
Dean Seal / Wall Street Journal: