Techmeme
June 2, 2025, 6:55 PM

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:
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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More News

Cory Weinberg / The Information:
Emily Mullin / Wired:
Barbara Moens / Financial Times:

Earlier Picks

The Insider: