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June 12, 2025, 8:40 PM
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Top News

Maxwell Zeff / TechCrunch:
Google Cloud suffered an outage on Thursday, affecting many of its customers; Cloudflare, Spotify, Discord, Snapchat, and others experienced service disruptions  —  Large swaths of the internet went down on Thursday, affecting a range of services, from global cloud platform Cloudflare to popular apps like Spotify.
Mark Gurman / Bloomberg:
Sources: Apple has set an internal release target of spring 2026 for its delayed upgrade of Siri, as part of an iOS 26.4 software update  —  Apple Inc. has set an internal release target of spring 2026 for its delayed upgrade of Siri, marking a key step in its artificial intelligence turnaround effort.
MacKenzie Sigalos / CNBC:
Chime shares jumped 37% in their Nasdaq debut on Thursday, closing at $37.11 and giving the company a market cap of $13.5B  —  Chime shares jumped 37% in their Nasdaq debut on Thursday after the provider of online banking services sold shares in an IPO that valued the company at $11.6 billion.
Tanaya Macheel / CNBC:
Coinbase announces its first branded credit card, in partnership with American Express, for Coinbase One US users, and creates a lower-cost Basic subscription  —  Coinbase on Thursday introduced its first branded credit card in partnership with American Express.
CoinDesk:
Shopify partners with Coinbase to enable USDC payments for its merchants through Coinbase's Base layer-2 network, starting with a limited group of merchants  —  The integration is set to roll out on June 12 to a limited group of early access merchants, with wider availability expected later in the year.
Justine Calma / The Verge:
Google is working with the US National Hurricane Center to test an AI model that forecasts cyclones, and launches Weather Lab to share its AI weather models  —  It's working with the US National Hurricane Center to test out its new AI-based tropical cyclone model.
Savyata Mishra / Reuters:
Mattel partners with OpenAI to create AI-powered toys and games, with the first product expected in 2025, and integrates ChatGPT Enterprise in its business  —  Mattel (MAT.O) has teamed up with OpenAI to develop toys and games with artificial intelligence, and expects to launch …
Emanuel Maiberg / 404 Media:
Meta sues Joy Timeline, which makes nudify app CrushAI, in Hong Kong to prevent it from advertising on Meta apps; in January, 90% of its traffic came from Meta  —  As part of what it claims is a new crackdown, Meta is suing a nudify app and “strengthening” its enforcement.
New York Times:
Internal docs: Fidelity, TPG, Sequoia, and others are buying ~$250M worth of shares in xAI under a tender offer valuing it at $113B; Fidelity is purchasing $20M  —  Two dozen venture capital firms and other investors are investing in xAI, the artificial intelligence and social media company.
Lorenzo Franceschi-Bicchierai / TechCrunch:
A Citizen Lab report finds that two European journalists had their iPhones hacked with Paragon spyware; Apple fixed the zero-day used in the spyware in February  —  Researchers revealed on Thursday that two European journalists had their iPhones hacked with spyware made by Paragon.
Andrew Cunningham / Ars Technica:
An interview with Craig Federighi on iPadOS 26's multitasking UI, Stage Manager's interface limitations, and why the iPad's Mac-style multitasking took so long  —  Federighi talks to Ars about why the iPad's Mac-style multitasking took so long.  —  CUPERTINO, Calif.—When Apple Senior Vice President …
Paul Alcorn / Tom's Hardware:
AMD unveils its new MI350X and MI355X GPUs for AI workloads, claiming up to 4x AI compute performance and 35x inference gains over the prior-gen MI300X  —  More power consumption equals lower TCO.  —  AMD unveiled its new MI350X and MI355X GPUs for AI workloads here at its Advancing AI 2025 event …
Erik Hayden / The Hollywood Reporter:
SAG-AFTRA ends the 320+ day video game performers strike after reaching a tentative new Interactive Media Agreement contract with the major video game companies  —  The union had taken a stand on artificial intelligence, among other concerns, as it looked to advocate for voice and performance capture workers.
New York Times:
Sources: FTC is discussing a consent decree on the Omnicom-Interpublic merger, prohibiting the combined company from boycotting platforms over political content  —  The Federal Trade Commission is considering restrictions on Omnicom and Interpublic to prevent the combined company from refusing …
Bill Toulas / BleepingComputer:
An Interpol-led law enforcement action in 26 countries disrupted infostealer operations, leading to takedowns of 20K+ malicious IPs and domains and 32 arrests  —  An international law enforcement action codenamed “Operation Secure” targeted infostealer malware infrastructure …
Cynthia Littleton / Variety:
A look at Apple's vision for Apple TV+ and its film business, as Tim Cook says the company's $200M+ bet on “F1 the Movie” is about more than selling iPhones  —  Apple CEO and Formula 1 superstar Lewis Hamilton join forces on ‘F1 the Movie’ to take the tech giant's film business to new heights
MIT Technology Review:
How Amsterdam's experiment to create a fair welfare AI model, which considered 15 characteristics to evaluate welfare applicants for potential fraud, failed  —  This story is a partnership between MIT Technology Review, Lighthouse Reports, and Trouw, and was supported by the Pulitzer Center.

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From Mediagazer

Dan Mangan / CNBC:
Trump files a $10B defamation lawsuit against the BBC in a Florida court, alleging it deceptively doctored his January 6 speech in a Panorama documentary

Jake Kanter / Deadline:
The UK government begins its review of the BBC's charter, set to expire in 2027, as ministers consider licence fee reforms and allowing more commercial revenue

Alex Weprin / The Hollywood Reporter:
Howard Stern signs a new three-year deal with SiriusXM, after a report earlier this year suggested that his show was about to be canceled

More News

Julie Bort / TechCrunch:
Spain-based Multiverse Computing, which uses quantum-inspired AI model compression tech to shrink LLMs by up to 95%, raised a €189M Series B and has 100 clients

Earlier Picks

Jordan Novet / CNBC:
Databricks says it expects to generate $3.7B in annualized revenue by July, up 50% YoY; in Q1, it had nearly 50 of its 15,000+ customers spending $10M+ annually
Sara Fischer / Axios:
Filing: Disney and NBCUniversal sue Midjourney in California, accusing it of direct and secondary copyright infringement; they say talks with Midjourney failed
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