| 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 the end of its fiscal year — 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.| 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| 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 … | 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: |
| 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 … | Scale AI: |
Scale AI emphasizes that it remains an independent company and says Meta will not have access to Scale's internal systems or customers' confidential information — Over the past week, we've received thoughtful questions from our customers, partners, and contributors, asking whether Meta's investment … | Rachel Metz / Bloomberg: |
| 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 … | Ben Schoon / 9to5Google: |
Report: Google's move from Samsung to TSMC for the Tensor G5 chip in the upcoming Pixel 10 series was a “shock” and a wake-up call for Samsung's foundry efforts — According to a new report, Google's switch from Samsung's foundry to TSMC for the Tensor G5 chip in the upcoming Pixel 10 series … | 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.| Ryan Browne / CNBC: |
Klarna launches a $40/month unlimited mobile plan in the US via a partnership with telecom services startup Gigs, following similar offerings by Revolut and N26 — Klarna's CEO is so bullish about artificial intelligence that he sees it changing the way the fintech's 100 million users bank every day.| 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 — The company wants to change state law so it can operate vehicles without safety drivers. That will be a challenge.| 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: |
| Marina Temkin / TechCrunch: |
Multiplier, which acquires accounting services firms and scales them with AI, raised $27.5M across a seed and Series A, with the latter led by Lightspeed — In late 2022, Noah Pepper, a former Stripe business lead for the Asia Pacific region, founded Multiplier, a startup that aimed to sell software to tax accounts.| Jackie Davalos / Bloomberg: |
White House crypto and AI czar David Sacks says China has grown adept at evading US export controls and is at most two years behind US chip design capabilities — White House crypto and artificial intelligence czar David Sacks warned that China has grown adept at evading US export controls …
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| Sylvia Pfeifer / Financial Times: |
| Vanessa Hand Orellana / CNET: |
| Kristina Partsinevelos / CNBC: |
| Financial Times: |
| Gian Volpicelli / Bloomberg: |