Techmeme
May 27, 2025, 7:10 PM

Top News

Bloomberg:
Bloomberg:
Circle aims to raise up to $624M in its US IPO, offering 24M shares at $24-$26 each, valuing it at ~$5.65B, or ~$6.7B fully diluted, at the top of the range  —  The New York-based company behind the second-largest stablecoin and some of its shareholders are offering 24 million shares for $24 to $26 each …
Bloomberg:
Texas enacts an online child safety bill requiring app stores to verify users' ages and secure parental approval before minors can get most apps or make IAPs  —  Texas Governor Greg Abbott signed an online child safety bill, bucking a lobbying push from big tech companies that included …
Mark Gurman / Bloomberg:
Sources: Apple plans a dedicated app for video games to replace Game Center and come preinstalled on iPhone, iPad, Mac, and Apple TV devices later this year  —  Apple Inc. is planning a dedicated app for video games on its devices, seeking to sell gamers and developers on the idea that it's a leader in the market.
Giovanni Colantonio / Digital Trends:
Jess Weatherbed / The Verge:
Meta launches a dedicated iPadOS app for WhatsApp, about 15 years after the messaging service and the first iPad launched  —  The first version of the messaging app built for iPads tablets makes it easy to chat while you browse.  —  Meta now has a dedicated iPad app for WhatsApp …
Liz Hoffman / Semafor:
Sources: Neuralink raised $600M at a $9B pre-money valuation; PitchBook: the company was valued at $3.5B in late 2023  —  THE SCOOP  —  Elon Musk's Neuralink raised $600 million in a deal that values the brain-mapping company at $9 billion before the new cash, people familiar with the matter said.
Ina Fried / Axios:
Memo: Meta reorganizes its AI teams into an AI products team and AGI Foundations; FAIR remains separate but one specific FAIR team is moving to AGI Foundations  —  Meta is restructuring its AI teams to speed up the rollout of new products and features, Axios has learned.
The Information:
Sources on how Apple declined a deal from Elon Musk to use SpaceX instead of Globalstar for its iOS SOS feature and its 2015 plans to build satellite internet  —  Three years ago, Elon Musk approached Apple with an eleventh-hour offer.  —  Musk had heard that Apple was about to announce …
Nahal Toosi / Politico:
Memo: the Trump admin pauses new student visa interviews as it mulls requiring all foreign students applying to study in the US to undergo social media vetting  —  It's the latest salvo against universities, many of whom rely heavily on foreign students for funds.
Eric Geller / Cybersecurity Dive:
Memo: nearly all of CISA's top leaders, including heads of five of its six operational divisions and six of 10 regional offices, have left or are leaving in May  —  Most of the leaders of the agency's operating divisions and regional offices have left or will leave this month amid …
Simon Willison / Simon Willison's Weblog:
Mistral launches an API for agents, which can run code, make images, access docs, search the web, and “hand off” to other agents, similar to OpenAI's offerings  —  Build AI agents with the Mistral Agents API.  Big upgrade to Mistral's API this morning: they've announced a new “Agents API”.
Cecilia Kang / New York Times:
The US FTC's antitrust trial against Meta ends; Judge James Boasberg, who is presiding over the case, says he will work “expeditiously” to issue an opinion  —  A landmark antitrust trial accusing the social media giant of cementing its dominance through acquiring Instagram and WhatsApp has concluded.
Sarah Perez / TechCrunch:
Apple says its App Store blocked $9B+ in fraudulent transactions over the past five years, with $2B in just 2024, and rejected ~2M risky app submissions in 2024  —  Apple on Tuesday announced new figures related to its App Store's ability to protect app developers and consumers from fraud.
Monique Mulima / Bloomberg:
Trump Media & Technology Group plans to sell ~$1.5B in stock and $1B in 0% convertible notes to buy bitcoin for its treasury, following Strategy's model  —  The company's shares fell 9.2% at $23.38 in early trading after rallying premarket following a Financial Times report on its plans …
Emanuel Maiberg / 404 Media:
Civitai is banning “real-person likeness content” on its site, citing new laws and the loss of its payment processor, after problems with nonconsensual porn  —  Civitai, an AI model sharing site backed by Andreessen Horowitz (a16z) that 404 Media has repeatedly shown is being used …

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More News

Ian King / Bloomberg:
Nilay Patel / The Verge:
More: Business Insider and WebProNews
Bluesky: @reckless and @edzitron.com
X: @jason_kint and @jason_kintLinkedIn: Glenn Gabe
Forums: r/artificial and r/google
Edith Hancock / Wall Street Journal:

Earlier Picks

Keeping Tabs by The Browser Company:
Jose Antonio Lanz / Decrypt:
Simon Willison / Simon Willison's Weblog: