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Techmeme
June 3, 2025, 11:05 AM
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Top News

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.
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
Financial Times:
Sources: xAI launches a $300M tender offer at a $113B valuation, validating xAI's price tag for when it acquired X in March 2025 and letting staff sell shares
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 …
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
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 …
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  —  Later this month, Google Wallet will no longer let users in the U.S. use their PayPal account for payments
Kate Park / TechCrunch:
Tel Aviv-based Speedata, which is designing analytics processing units for big data workloads, raised a $44M Series B, aims to showcase its first APU this month  —  Speedata, a Tel Aviv-based startup developing an analytics processing unit (APU) designed to accelerate big data analytic and AI workloads …
More: CTech
Miguel Salazar / New York Times:
David Cope, a composer and algorithmic composition pioneer who developed a program in the 1980s to write music in the style of Bach and others, died at age 83  —  His EMI algorithm, an early form of artificial intelligence that he developed in the 1980s, prompted searching questions about the limits of human creativity.
Michael Acton / Financial Times:
Alphabet offers to spend $500M+ over 10 years to rebuild its global compliance structure, in a settlement proposal for an antitrust lawsuit from shareholders

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 11:05 AM 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

Maer Roshan / The Hollywood Reporter:
In an interview, Harvey Weinstein says prison life is “hell”, Disney cut off his insurance and pays a $60K/year pension, he will be “proven innocent”, and more

Thomas Buckley / Bloomberg:
Disney promotes Thomas Mazloum to chairman of its parks, cruises, and consumer products division, succeeding Josh D'Amaro, who is set to become CEO on March 18

Gene Maddaus / Variety:
Q&A with WGA's negotiators on the current staff union strike, Minimum Basic Agreement negotiations, AI, the 2023 strikes, Disney and Sora, copyright, and more

More News

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

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 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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