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June 2, 2025, 11:40 PM
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| Bloomberg: |
Sources: Elon Musk is selling $5B in debt for xAI at a double-digit interest rate, with demand already exceeding $3.5B — Elon Musk is selling $5 billion in debt for his artificial intelligence startup, xAI Corp., the latest in a series of fundraising efforts across his business empire … | 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
More: New York Times, Reuters, TechCrunch, The Information, WinBuzzer, The Irish Times, and Capital Brief
| Reuters: |
Microsoft, Google, CrowdStrike, and Palo Alto plan a public glossary of state-sponsored hacking groups to ease confusion over the spread of unofficial aliases — Microsoft, CrowdStrike, Palo Alto (PANW.O) and Alphabet's (GOOGL.O) Google on Monday said they would create a public glossary …
More: Microsoft Security Blog, CrowdStrike, Microsoft Learn, SC Media, Neowin, Cybersecurity Dive, BleepingComputer, SiliconANGLE, BetaNews, and Cyber Daily
Forums: r/cybersecurity and Slashdot
| Mishaal Rahman / Android Authority: |
Google is ending PayPal account integration in Google Wallet for US users, effective June 13, after stopping new PayPal account linking in April — Later this month, Google Wallet will no longer let users in the U.S. use their PayPal account for payments — Google Wallet is ending …
More: Google Help Center, Android Police, 9to5Google, Tech Times, Android Headlines, The Verge, Pocket-lint, WebProNews, and Phone Scoop. Forums: r/technology
| 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
More: VentureBeat, SiliconANGLE, PYMNTS.com, WebProNews, Crunchy Data, Business Wire, CNBC, CRN, Maginative, TechCrunch, Insider Monkey, Investor's Business Daily, and Constellation Research
Bluesky: @romitmehta.com. X: @ramaswmysridhar, @aarondfrancis, @craigkerstiens, @crunchydata, @wking__, and @snowflake. Forums: Hacker News
| Richard Lawler / The Verge: |
Microsoft announces new Windows changes in response to the DMA for EEA users, including Edge not prompting users to set it as the default unless it is opened — Apparently only the Digital Markets Act can stop Bing from begging you to switch . … Microsoft's changes in response …
More: Windows Blog, Windows Central, XDA Developers, Neowin, and Thurrott
| 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 …
More: STAT, Reuters, YouTube, US Food and Drug …, and Becker's Hospital Review
Bluesky: @hypervisible. X: @drmakaryfda, @seckennedy, @amandagarces, @angie_rasmussen, @us_fda, @matthewherper, and @brittanytrang
| 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
More: Axios, Reuters, Daring Fireball, 9to5Mac, Computerworld, GSMArena.com, PYMNTS.com, iPhone in Canada, Thurrott, WebProNews, New York Post, Cult of Mac, BGR, iClarified, WinBuzzer, MacDailyNews, MacRumors, and MacTech.com
Forums: Hacker News, Slashdot, and MacRumors Forums
| New York Times: |
Sources: the FTC is investigating whether roughly a dozen advertising and advocacy groups violated antitrust law by coordinating boycotts among advertisers — The regulator is looking into whether roughly a dozen groups violated antitrust law by coordinating boycotts among advertisers.
More: Bloomberg and HotAir
Bluesky: @i-hate-acronyms, @ernie.tedium.co, @paleofuture, @jessehawken, @hypervisible, @mtsw, @kenvogel, @mmasnick, and @democratswin. Mastodon: @dangillmor@mastodon.social. Forums: r/law
| 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| David Streitfeld / New York Times: |
More: Wall Street Pit, Fox News, Investor's Business Daily, Search Engine Roundtable, Tech Monitor, Tech Times, BMI, and Livewire Markets. Mastodon: @timbray@cosocial.ca
| Thomas Ptacek / Fly: |
A software developer explains how LLMs, especially AI agents, help automate tedious coding tasks and addresses concerns like hallucinations, job loss, and more — Tech execs are mandating LLM adoption. That's bad strategy. But I get where they're coming from.
More: Simon Willison's Weblog and InfoWorld
Bluesky: @ernie.tedium.co, @ernie.tedium.co, @macwright.com, and @jcoglan
X: @patio11, @mitchellh, and @tqbf
Forums: Hacker News, r/artificial, and Lobsters
| 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
More: Greylock. X: @mirzadegen, @tbpn, @tarahz9, @mavolpi, @melisatokmak, @zoink, @ivanhzhao, and @melisatokmak. LinkedIn: Brian Wolfe
| 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.
More: CNET, Tech in Asia, Reuters, Social Media Today, The Guardian, Deadline, PCMag, WebProNews, Investor's Business Daily, PYMNTS.com, Benzinga, Cryptopolitan, MediaPost, Neowin, Yahoo Finance, Motley Fool, Adweek, Quartz, WinBuzzer, WeRSM, TheCable, and AdNews News
X: @levie, @levie, @eric_seufert, @scobleizer, @herrmanndigital, @robleathern, @zephyr_z9, @chamath, @rihardjarc, @meghanbobrowsky, and @jerrycap
LinkedIn: Mike Mallazzo and Sandra Barnidge
| Natalie Lung / Bloomberg: |
Uber names longtime exec Andrew Macdonald as president and first COO since 2019; SVP of delivery Pierre-Dimitri Gore-Coty is leaving Uber after nearly 13 years — Pierre-Dimitri Gore-Coty, senior vice president of delivery, has decided to leave Uber after nearly 13 years … | Virginia Furness / Reuters: |
Aerones, which makes robots that can service wind turbines in about half the time of humans, raised $62M led by Activate Capital and S2G Investments — Latvian tech company Aerones, which counts GE and Enel among its customers, has raised $62 million to fund a global roll out of robots …
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| David Heaney / UploadVR: |
Threads: @jaymayo_vrtist. X: @lunayian, @scobleizer, @heaney555, @heaney555, @motorsep, @bozoid, @josethevrtech, @heaney555, and @olusayof. Forums: r/virtualreality
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Bluesky: @sesmith.lol and @emilymullin
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Bluesky: @carnage4life, @stevekovach, @robertscotthorton, and @stephenkb
X: @camilomoresala, @kylascan, @kylascan, and @parkerortolani. LinkedIn: Nicholas Thompson. Forums: MacRumors Forums
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Mastodon: @mookie@wantstoruletheworld …. Forums: r/apple, r/technews, r/privacy, Ars OpenForum, and MacRumors Forums