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Techmeme
May 28, 2025, 8:50 AM
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Top News

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 …
Giovanni Colantonio / Digital Trends:
Apple acquires RAC7, the two-person studio behind the popular Apple Arcade game Sneaky Sasquatch, marking its first acquisition of a video game studio  —  Exclusive: Apple has acquired the two-person studio behind Sneaky Sasquatch, one of Apple Arcade's most popular games.  —  Sneaky Sasquatch Trailer — Apple Arcade
Mark Gurman / Bloomberg:
Sources: Apple plans a dedicated app for video games to replace Game Center that will come preinstalled on iPhone, iPad, Mac, and Apple TV devices later in 2025  —  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.
Marcus Mendes / 9to5Mac:
The EU publishes its April 23 decision to fine Apple €500M for DMA non-compliance; Apple has until end of June to become compliant or face periodic fines  —  Update: Apple has responded to the ruling with a statement provided to 9to5Mac, calling it “bad for innovation, bad for competition, bad for our products, and bad for users.”
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  —  The Elite Microsoft Unit Constantly Working to Thwart Hackers … Explainers
MacKenzie Sigalos / CNBC:
Block plans to roll out bitcoin payments on Square in H2 2025; the system runs on the Lightning Network and lets merchants accept bitcoin via Square's hardware  —  LAS VEGAS — Jack Dorsey's latest bitcoin vision is hitting the checkout counter — starting with a merch truck parked just off the casino floor inside The Venetian.
Tim Balk / New York Times:
A look at issues facing self-driving trucks in the US as Aurora, whose new truck has logged 1,000+ driverless miles on I-45, aims for 20+ trucks by year's end  —  As the trucking industry struggles to recruit drivers, driverless trucks won't need sleep, won't speed and won't get road rage.
More: Futurism.  Bluesky: @daviddarmofal.  X: @transportworker.  LinkedIn: Damien Weiss.  Forums: Hacker News and r/technology
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.
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 …
Billy Perrigo / Time:
A look at Tools for Humanity, cofounded by Sam Altman, as the company plans to deploy 7,500 iris-scanning Orbs across the US over the next 12 months  —  Once again, Sam Altman wants to show you the future.  The CEO of OpenAI is standing on a sparse stage in San Francisco, preparing to reveal his next move to an attentive crowd.
Ryan Browne / CNBC:
Getty Images CEO Craig Peters says Getty is spending “millions and millions” on its Stability AI lawsuit in the UK and the US, accusing it of copying 12M images  —  Peters told CNBC in an interview that both Stability AI — the U.K.-based startup best known for its text …
See also Mediagazer
Antonio G. Di Benedetto / The Verge:
Microsoft Surface Laptop 13 review: exquisite hardware, great keyboard, trackpad, and battery, and a 3:2 display, but Snapdragon X has app compatibility issues  —  That Snapdragon X-powered laptop matched the MacBook in build quality, battery life, and at least some aspects of performance …
Kyle Wiggers / TechCrunch:
Anthropic is rolling out voice mode in beta for its Claude mobile apps, available in English; free users can expect 20-30 voice messages before hitting a limit  —  Anthropic has begun to roll out a “voice mode” for its Claude chatbot apps.  —  The voice mode allows Claude mobile app users to have …
Luz Ding / Bloomberg:
DeepSeek completes a “minor trial upgrade” to R1 and says users can now start testing it, according to its post in an official WeChat group  —  DeepSeek said it has upgraded the R1 artificial-intelligence model that helped propel the Chinese startup to global prominence earlier this year.
Naga Avan-Nomayo / The Block:
Filing: GameStop acquires 4,710 bitcoin for its corporate treasury, but does not disclose the total purchase amount, after announcing a bitcoin plan in March  —  - The video game retailer announced a 4,710 bitcoin purchase on May 28.  — GameStop previously announced plans to adopt Bitcoin …
Olumuyiwa Olowogboyega / Semafor:
African e-commerce giant Jumia says it is ramping up the number of China-based merchants on its platform, as it faces competition from Temu and Shein  —  Jumia, Africa's biggest online retailer, is ramping up the number of China-based merchants on its platforms as it struggles …

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From Mediagazer

Todd Spangler / Variety:
Trump says Stephen Colbert is a “pathetic trainwreck” and “CBS should, ‘put him to sleep,’ NOW”, after CBS aired a Late Show rerun in which Colbert mocked Trump

Zachary Leeman / Mediaite:
White House deputy chief of staff Stephen Miller calls for CBS staff who “revolted” over Bari Weiss' decision to postpone 60 Minutes' CECOT segment to be fired

Rebecca Rubin / Variety:
Disney crosses the $6B milestone at the box office for the first time since the COVID-19 pandemic; no other studio has managed to reach $6B since 2015

More News

Yudhijit Bhattacharjee / Rest of World:
A profile of Byju's CEO Byju Raveendran, who refuses to take responsibility for the edtech company's implosion and is accused of hiding $533M from US lenders

Earlier Picks

Samantha Subin / CNBC:
Okta reports Q1 revenue up 12% YoY to $688M, vs. $680M est., and maintains its FY 2026 guidance due to macroeconomic uncertainties; OKTA drops 12%+
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
Ian King / Bloomberg:
A Qualcomm-funded report says Android phones with Qualcomm modems priced similarly to the iPhone 16e with a C1 modem downloaded 5G data up to 35% faster in NYC
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
Ina Fried / Axios:
Memo: Meta reorganizes its AI teams into an AI products team and AGI Foundations; FAIR remains separate, but one multimedia team is moving to AGI Foundations
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
Jess Weatherbed / The Verge:
Meta launches a dedicated iPadOS app for WhatsApp, about 15 years after the messaging service and the first iPad launched
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