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June 19, 2025, 4:29 AM
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Top News

Bloomberg:
Texas Instruments plans to spend $60B+ on US semiconductor plants, including two new factories in Texas, and says its long-term spending plan remains unchanged  —  The company said its long-term capital spending plan remains unchanged.  The total includes amounts allotted to plants …
Bloomberg:
Sources: Microsoft plans to announce thousands of job cuts, particularly in sales, early next month after its fiscal year ends, after cutting 6,000 jobs in May  —  The cuts are expected to be announced early next month, following the end of Microsoft's fiscal year, according to people familiar with the matter.
Zack Whittaker / TechCrunch:
Iran's largest crypto exchange Nobitex says it was hacked, and pro-Israel group Predatory Sparrow claims responsibility; Elliptic: $90M+ was stolen and “burned”  —  Iran's largest crypto exchange, Nobitex, said Wednesday that it was hacked and funds have been drained from its hot wallet.
Matt Kapko / CyberScoop:
A cyberattack claimed by pro-Israel hacktivist group Predatory Sparrow has reportedly disrupted services at Iran's state-owned Bank Sepah, including its website
MacKenzie Sigalos / CNBC:
The DOJ announces the seizure of $225.3M in crypto linked to “pig butchering” scams, marking “the largest cryptocurrency seizure in US Secret Service history”  —  The Justice Department announced Wednesday the largest-ever U.S. seizure of cryptocurrency linked to so-called …
Financial Times:
Sources: Microsoft is prepared to walk away from high-stakes talks with OpenAI if they cannot agree on critical issues, such as the size of Microsoft's stake  —  ChatGPT maker's plans to convert into a for-profit leads software giant to make contingency plans
Rachel Metz / Bloomberg:
OpenAI says it's phasing out its work with Scale AI, into which Meta invested $14.3B, and that Scale AI accounted for a small fraction of its overall data needs
Carl Franzen / VentureBeat:
Midjourney launches V1, its first AI video generation model, letting subscribers animate images via its website; video jobs will cost ~8x more than image jobs  —  Popular AI image generation service Midjourney has launched its first AI video generation model V1, marking a pivotal shift …
Emma Roth / The Verge:
Meta is adding support for passkeys on Facebook's iOS and Android apps “soon”, and will begin rolling out passkeys to Messenger “in the coming months”  —  Using your device security instead of a password makes it harder to get tricked into giving up your Facebook account.
The Information:
Source: Meta is in advanced talks to hire Nat Friedman and Daniel Gross to work on its AI efforts and possibly buy out part of their venture capital fund NFDG  —  Meta Platforms is in advanced talks to hire the prominent artificial intelligence investors Nat Friedman and Daniel Gross …
Maxwell Zeff / TechCrunch:
OpenAI details why “emergent misalignment”, where training on wrong answers in one area can lead to misalignment in others, happens and how it can be mitigated
Washington Post:
The US State Department restarts student visa interviews and requires all applicants to make their social media accounts public for vetting by US embassies  —  The new requirements could affect hundreds of thousands of visa applications each year, raising concerns about staffing requirements.
Aisha Malik / TechCrunch:
Google rolls out the ability to have back-and-forth voice conversations with AI Mode, available in the Google app by tapping the Live button  —  Google is rolling out the ability for users to have a back-and-forth voice conversation with AI Mode, its experimental Search feature that lets users ask complex, multi-part questions.
Ellen Barry / New York Times:
Study: US kids who said their social media, phone, or video game use was “addictive” were 2x-3x more likely to have thoughts of suicide or self-harm by age 14  —  Researchers found children with highly addictive use of phones, video games or social media were two to three times …
Aisha Counts / Bloomberg:
SoftBank-backed Spotter, which fronts cash to YouTubers for a cut of revenue, is facing significant challenges due to YouTube's shift toward Shorts, and more  —  The company, which boasted a new way for social media stars to fund their operations, fronted millions of dollars to creators …
Alex Weprin / The Hollywood Reporter:
At Cannes, YouTube CEO Neal Mohan says YouTube will integrate Veo 3 into Shorts later this summer and that AI tech “will push the limits of human creativity”  —  The Veo 3 video generator is capable of creating both videos and sound based on text prompts, with YouTube CEO Neal Mohan saying the …
Kayla Cobb / The Wrap:
Cannes Lions: YouTube CEO Neal Mohan says YouTube Shorts now averages 200B daily views, up 186% from the 70B average daily views YouTube reported in March 2024

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From Mediagazer

New York Times:
Lesley Stahl says David Ellison called her and promised to respect editorial independence at 60 Minutes, a sign he is taking steps to calm turmoil at the show

Samuel Stolton / Bloomberg:
The EU is reviewing Paramount's WBD takeover under the Foreign Subsidies Regulation, probing involvement of Middle Eastern funds; a decision is due by July 14

Scott Nover / Washington Post:
Email: the WH press corps won't be allowed on White House grounds Sunday due to the UFC fight; only press poolers will be allowed unless UFC gives credentials

More News

Sophie Shulman / CTech:
Wix acquires Base44, which lets users build apps from text prompts, for $80M; Base44 was founded by a solo entrepreneur six months ago and employs six people
Lisa Stiffler / GeekWire:
TerraPower, which develops small modular nuclear reactors, raised $650M from investors including Nvidia's NVentures and TerraPower co-founder Bill Gates

Earlier Picks

Andrew J. Hawkins / The Verge:
Waymo applied for a NYC permit to test its cars with safety drivers and plans to start collecting mapping data with manually driven cars in Manhattan in July
Hayden Field / The Verge:
The Midas Project and The Tech Oversight Project release The OpenAI Files, a 50+ page analysis of OpenAI's governance, leadership, and organizational culture
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