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June 2, 2025, 6:55 PM
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| 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: Bloomberg, New York Times, Capital Brief, Cryptopolitan, The Information, Reuters, TechCrunch, The Irish Times, PYMNTS.com, and WinBuzzer
Bluesky: @conorsen, @hyperlexic, @davelee.me, @agusnox, and @niedermeyer.online
| 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, Computerworld, iTnews, GSMArena.com, PYMNTS.com, Cult of Mac, New York Post, BGR, iPhone in Canada, WebProNews, WinBuzzer, Thurrott, MacRumors, 9to5Mac, iClarified, and MacTech.com
| 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, PYMNTS.com, Reuters, Investor's Business Daily, Marketing Dive, Motley Fool, MediaPost, The Guardian, Deadline, Benzinga, WebProNews, Neowin, PCMag, WinBuzzer, Yahoo Finance, Adweek, Cryptopolitan, WeRSM, Quartz, AdNews News, and TheCable
Bluesky: @hypervisible. Threads: @documentingmeta. X: @zephyr_z9, @jerrycap, @herrmanndigital, @eric_seufert, @robleathern, @rihardjarc, @scobleizer, @chamath, and @meghanbobrowsky
LinkedIn: Mike Mallazzo and Sandra Barnidge
| 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, US Food and Drug …, YouTube, and Becker's Hospital Review
Bluesky: @hypervisible. X: @brittanytrang, @angie_rasmussen, @matthewherper, @amandagarces, @drmakaryfda, @seckennedy, and @us_fda
| 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: CRN, Investor's Business Daily, TechCrunch, CNBC, Crunchy Data, and Constellation Research
Bluesky: @romitmehta.com. X: @aarondfrancis, @wking__, @ramaswmysridhar, @craigkerstiens, @crunchydata, and @snowflake. Forums: Hacker News
| 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
More: The Verge, AppleInsider, Business Insider, Neowin, MacRumors, Spyglass, 9to5Mac, iPhone in Canada, iClarified, Fortune, Patently Apple, Forbes, The Guardian, Apple Must, and Benzinga
Bluesky: @robertscotthorton, @carnage4life, @stevekovach, and @stephenkb
X: @camilomoresala, @kylascan, @kylascan, and @parkerortolani. LinkedIn: Nicholas Thompson. Forums: MacRumors Forums
| 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 …
More: Financial Times, Benzinga, Reuters, US Securities …, Seeking Alpha, CNBC, and Morningstar, Inc.
| 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: Investor's Business Daily, Tech Monitor, Fox News, Tech Times, Search Engine Roundtable, BMI, and Livewire Markets. Mastodon: @timbray@cosocial.ca
| 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 …
More: 9to5Mac, AFTVnews, iPhone in Canada, PCWorld, Pocket-lint, MacRumors, and MacDailyNews
Mastodon: @mookie@wantstoruletheworld …. Forums: r/apple, r/technews, r/privacy, Ars OpenForum, and MacRumors Forums
| 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.
Threads: @jaymayo_vrtist. X: @heaney555, @heaney555, @lunayian, @heaney555, @olusayof, @scobleizer, @motorsep, and @josethevrtech
| 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: @melisatokmak, @zoink, @mirzadegen, @tbpn, @tarahz9, @mavolpi, @ivanhzhao, and @melisatokmak
| 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 …
More: Electronic Frontier Foundation, Gizmodo, CryptoRank, Adweek, ZyCrypto, CryptoPotato, iPhone in Canada, WinBuzzer, Mashable, The Hans India, CryptoSlate, Coinpedia Fintech News, Bitcoin Insider, Benzinga, The Independent, CoinDesk, Digit, Decrypt, Crypto Briefing, Cointelegraph, Cryptopolitan, CoinGape, and The Crypto Times
| 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.
More: Character.AI Blog
| Jon Brodkin / Ars Technica: |
ISP Frontier Communications settles a lawsuit from record labels that demanded broadband users accused of piracy be dropped; SCOTUS may hear Cox's similar case — Internet service provider Frontier Communications agreed to settle a lawsuit filed by major record labels that demanded mass disconnections … Sponsor Posts
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Forums: r/espionage and r/craftofintelligence