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Techmeme
June 2, 2025, 6:55 PM
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Top News

Financial Times:
Sources: xAI is launching a $300M secondary stock offering that values the group at $113B, allowing staff to sell shares to new investors  —  Deal to allow investors to buy into group following March takeover of X  —  Tabby Kinder, George Hammond and Hannah Murphy in San Francisco, and Ivan Levingston in London
Edith Hancock / Wall Street Journal:
Apple appeals the EU's iOS interoperability order under the DMA, saying the requirements create “a process that is unreasonable, costly, and stifles innovation”  —  Companies face fines of up to 10% their worldwide annual turnover if the EU decides they are flouting its Digital Markets Act
Wall Street Journal:
Sources: Meta aims to help brands fully create and target ads using AI by the end of 2026, including images and budgetary goals, expanding its current AI tools  —  AI-powered advertising is part of CEO Mark Zuckerberg's vision for the company's future  —  Meta Platforms is betting that automation is the future of ads.
Maya Goldman / Axios:
FDA debuts agency-wide AI tool meant to help scientific reviewers and others streamline their work and, soon, to identify high-priority targets for inspections  —  The Food and Drug Administration on Monday is launching an agency-wide generative AI tool aimed at helping scientific reviewers …
Belle Lin / Wall Street Journal:
Snowflake agrees to acquire Crunchy Data, a cloud-based database service that helps businesses and government agencies use PostgreSQL, a source says for ~$250M  —  The cloud data company aims to attract customers who want to build their own artificial intelligence agents
Matthew Garrahan / Financial Times:
An interview with Jony Ive and Laurene Powell Jobs on tech's next chapter, meeting in 1997, Steve Jobs, Apple, Powell Jobs backing LoveFrom in 2019, and more  —  After Apple, the Silicon Valley visionaries are looking to artificial intelligence to shape the future again
Michael Acton / Financial Times:
Alphabet offers to spend $500M+ over ten years to rebuild its global compliance structure, in a settlement proposal for an antitrust lawsuit from shareholders  —  Latest move comes as tech giant is attacked on multiple legal fronts that threaten its break-up
Scharon Harding / Ars Technica:
A deep dive into Apple TV's privacy features shows that Apple's streaming device is more private than the vast majority of alternatives, save for dumb TVs  —  Using the Apple TV app or an Apple account means giving Apple more data, though. … Among smart TVs, streaming sticks …
David Heaney / UploadVR:
Sources: Meta prioritizes an ultralight Horizon OS headset with a compute puck for 2026, and may not ship a new Quest with a traditional form factor until 2027  —  Meta is prioritizing shipping an ultralight Horizon OS headset with a tethered compute puck in 2026, multiple sources tell UploadVR.
Belle Lin / Wall Street Journal:
Netic, which sells an AI platform that helps home services firms automate client outreach and handle calls, raised $20M from Greylock, Founders Fund, and others  —  The startup Netic launched a platform that helps skilled trade companies book appointments and generate new sales using artificial intelligence
Sarah Perez / TechCrunch:
X aims to roll out an “XChat” messaging feature “with encryption, vanishing messages and the ability to send any kind of file” to all users this week  —  Elon Musk on Sunday announced that a new version of X's Direct Messaging (DM) feature, XChat …
Amanda Silberling / TechCrunch:
Character.AI rolls out features like AvatarFX for video generation, plus Streams and Scenes for creating and sharing videos with characters on a new social feed  —  A platform for chatting and roleplaying with AI-generated characters, Character.AI announced on Monday that it is rolling out a slate of multimedia features.

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 6:55 PM ET, June 2, 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

Bloomberg:
Sources: Disney CEO Josh D'Amaro is exploring a “super app” that integrates Disney+ with parks passes, games, merchandise, and cruise and resort apps

David Bauder / Associated Press:
A look at the work of photographer Ann Hermes, who has documented 50 newsrooms across the US, many in smaller towns and cities, and hopes to photograph 100

Jeremy Barr / The Guardian:
Speaking at an event, Sharyn Alfonsi voiced concern about “the spread of corporate meddling and editorial fear” at CBS News and uncertainty over her job

More News

Cory Weinberg / The Information:
Filing: neobank Chime plans to sell ~26M shares in its IPO at $24 to $26, valuing it a $10.3B to $11.1B; co-founders Chris Britt and Ryan King each own 4% to 5%
Emily Mullin / Wired:
Paradromics says it successfully tested its Connexus brain implant, which encodes memory, in a patient during epilepsy surgery, a first for the Neuralink rival
Barbara Moens / Financial Times:
The EU Commission fines European takeaway groups Delivery Hero and Glovo €329M for taking part in an “online food delivery cartel”, ending its July 2024 probe

Earlier Picks

The Insider:
A look at Russian GRU Unit 29155's hacking department, which started as a lone operator in 2012, and its involvement in cyberattack and disinformation campaigns
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