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June 3, 2025, 2:10 PM
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Top News

Molly White / Citation Needed:
A website for “$TRUMP Wallet” launches, saying it is “The Official $TRUMP Wallet by President Trump” powered by NFT service Magic Eden, and opens a waitlist  —  Listen to me read this post here (not an AI-generated voice!), subscribe to the feed in your podcast app, or download the recording for later.
Cheng Ting-Fang / Nikkei Asia:
TSMC CEO C.C. Wei says TSMC expects a record profit in 2025 despite geopolitical, tariff, and FX risks, and confirms it is not building a fab in the Middle East  —  HSINCHU, Taiwan — Taiwan Semiconductor Manufacturing Co. on Tuesday said it expects to log a record profit …
Thomas Ptacek / Fly:
A software developer explains how AI agents help automate tedious coding tasks, and addresses concerns like hallucinations, job losses, mediocre code, and more  —  Tech execs are mandating LLM adoption.  That's bad strategy.  But I get where they're coming from.
Andy Robinson / Video Games Chronicle:
Nintendo says it didn't send any Switch 2 review units to outlets as “important features and updates” will only be available via an update on its June 5 launch  —  NINTENDO'S DECISION NOT TO FACILITATE PRE-LAUNCH SWITCH 2 REVIEWS IS DISAPPOINTING NEWS FOR EVERYONE
Cristina Criddle / Financial Times:
AI pioneer Yoshua Bengio launches LawZero, a nonprofit focused on safer AI; LawZero has raised nearly $30M from donors including Skype co-founder Jaan Tallinn  —  Turing Award winner launches LawZero not-profit for safer AI, while warning recent models display dangerous characteristics
Aisha Malik / TechCrunch:
Adobe launches Photoshop for Android in beta for devices running Android 11 or later with 6GB+ of RAM, offering tools like layers, masks, and Generative Fill  —  Android users can now download Photoshop for mobile.  Adobe announced on Tuesday that it's releasing the beta version …
Bloomberg:
Meta agrees to buy power from Constellation Energy's Illinois nuclear plant, signing a 20-year deal that starts in mid-2027 when a 10-year state subsidy expires  —  Constellation Energy Corp. agreed to sell power from an operating Illinois nuclear plant to Meta Platforms Inc. …
Jay Peters / The Verge:
Epic Games launches MetaHuman, its game developer tool to quickly create realistic digital human characters, now embedded as part of Unreal Engine 5.6  —  The MetaHuman creator is now built right into Unreal Engine. … Epic Games' hyperrealistic MetaHuman characters are seriously impressive …
Reuters:
Microsoft, Google, CrowdStrike, and Palo Alto Networks plan to create a public glossary of state-sponsored hacking groups to ease unofficial alias confusion  —  Microsoft, CrowdStrike, Palo Alto (PANW.O) and Alphabet's (GOOGL.O) Google on Monday said they would create a public glossary …
Kate Park / TechCrunch:
Tel Aviv-based Speedata, which is designing analytics processing units for big data workloads, raised a $44M Series B and aims to showcase its first APU in June  —  Speedata, a Tel Aviv-based startup developing an analytics processing unit (APU) designed to accelerate big data analytic and AI workloads …
More: CTech
Richard Lawler / The Verge:
Microsoft announces Windows changes in response to the EU's DMA for EEA users, including Edge not prompting users to set it as the default browser unless opened  —  Apparently only the Digital Markets Act can stop Bing from begging you to switch . … Microsoft's changes in response …
Bloomberg:
Huawei Pura X review: Huawei's ~$1,050, China-only clamshell and first flagship to debut with HarmonyOS offers novel ergonomics but an incomplete app ecosystem  —  Review: The clamshell device is the company's first flagship phone to launch with its new operating system to challenge iOS and Android.
Bloomberg:
Sources: Elon Musk is selling $5B in xAI debt at a double-digit interest rate via Morgan Stanley, with demand already over $3.5B and commitments due by June 17  —  Elon Musk is selling $5 billion in debt for his artificial intelligence startup, xAI Corp., the latest in a series …
Maxwell Zeff / TechCrunch:
Elon Musk's Neuralink raised a $650M Series E from ARK, Founders Fund, G42, Human Capital, Sequoia, Thrive, and others, reportedly at a ~$9B pre-money valuation

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This is a Techmeme archive page. It shows how the site appeared at 2:10 PM ET, June 3, 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

Reshmi Basu / Bloomberg:
QVC Group, owner of TV shopping channels QVC and HSN, files for bankruptcy as part of a plan to cut more than $5B in debt; shares closed down 69% on Thursday

Katie Robertson / New York Times:
Notus will rename itself The Star and relaunch in early June as it adds local news and sports coverage; source: Robert Allbritton will add ~$30M to its funding

Ryan Glasspiegel / Front Office Sports:
Sources: the NFL and YouTube are in advanced talks for a five-game package; deal price and duration were not immediately known

More News

Mishaal Rahman / Android Authority:
Google says it is ending PayPal account integration in Google Wallet for US users, effective June 13, after stopping new PayPal account linking in April 2025

Earlier Picks

New York Times:
Sources: the FTC is investigating whether roughly a dozen US advertising and advocacy groups violated antitrust law by coordinating boycotts among advertisers
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
David Streitfeld / New York Times:
After Google lost two US antitrust cases in the past year, a look at critics' claims that a breakup might be better for investors, customers, and innovation
David Heaney / UploadVR:
Sources: Meta is prioritizing an ultralight Horizon OS headset with a compute puck for 2026 and likely won't ship a new traditional form factor Quest until 2027
Maya Goldman / Axios:
The US FDA debuts an agencywide generative AI tool to help scientific reviewers and others streamline work and, soon, to find high-priority inspection targets
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
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