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June 25, 2025, 4:30 PM
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Kate Clark / Bloomberg:
Kalshi raised $185M led by Paradigm at a $2B valuation; sources: Polymarket is completing a $200M+ investment led by Founders Fund at a ~$1B pre-money valuation  —  Kalshi Inc., a prediction market that competes with Polymarket, said it has raised $185 million at a valuation of $2 billion.
Maxwell Zeff / TechCrunch:
Google launches Gemini CLI, an agentic AI tool that lets developers make natural language requests in terminals by connecting Gemini models to local codebases  —  Google is launching a new agentic AI tool that will put its Gemini AI models closer to where developers are already coding.
Samantha Subin / CNBC:
Bumble plans to lay off 30% of its workforce, or ~240 roles, and invest the up to $40M saved annually into new product and tech development; BMBL jumps 15%+  —  Bumble shares rallied 25% on Wednesday after the dating app company revealed in a securities filing that it intends to slash 30% of its workforce, or about 240 roles.
Antonio Regalado / MIT Technology Review:
Google DeepMind unveils AlphaGenome, an AI tool to predict the effects of DNA changes on molecular processes, available via an API for non-commercial research  —  When scientists first sequenced the human genome in 2003, they revealed the full set of DNA instructions that make a person.
Mike Rogoway / Oregonian:
Leaked memo: Intel will shut down its automotive business and lay off “most” employees working in the unit, the latest step in Intel's downsizing  —  Intel will shut down its small automotive business and lay off the majority of the workers in that segment, the latest step in the chipmaker's dramatic downsizing.
Financial Times:
As Apple rolls out CarPlay Ultra, many carmakers are developing their own infotainment systems in hopes of generating more revenue from in-car services and data  —  CarPlay Ultra rollout comes as auto groups are introducing their own infotainment systems Apple is facing pushback …
404 Media:
License plate reader company Flock has stopped US agencies from accessing cameras in CA, IL, and VA after reports of lookups related to ICE and an abortion case  —  Following 404 Media's reporting and in light of new legislation, automatic license plate reader (ALPR) company Flock …
Stephen Katte / Cointelegraph:
Coinbase says it played a “key role” in the US Secret Service's seizure of $225M linked to crypto investment scams, and Tether burned the $225M in frozen USDT  —  Coinbase says it helped the US Secret Service seize $225 million in crypto allegedly stolen by scammers, the largest crypto seizure in the agency's history.
Andrew Liszewski / The Verge:
Fairphone announces the €599 Fairphone 6, with a 6.31" 120Hz LTPO OLED, a Snapdragon 7s Gen 3 chip, 8GB of RAM, and enhanced modularity via 12 swappable parts  —  The repairable smartphone is now even more modular with new accessories that expand its functionality.
Rebecca Bellan / TechCrunch:
Getty Images drops its primary claims of copyright infringement against Stability AI in UK court but continues to pursue other claims and a separate US lawsuit  —  Getty Images dropped its primary claims of copyright infringement against Stability AI on Wednesday at London's High Court …
Olivia Sophie Rafferty / ai fray:
A US judge rules Anthropic's use of copyrighted books to train AI was fair use, but its storage of pirated books in a central library for training LLMs was not
More: The Verge, Reuters, 404 Media, eWeek, Washington Post, Simon Willison's Weblog, The Guardian, Business Insider, US District Court, Music Business Worldwide, Ars Technica, The Register, Deadline, CNBC, Publishers Weekly, PC Gamer, Tech Xplore, Information Age, Business Today, CMU, Digital Music News, Reclaim The Net, Shelly Palmer, Music Ally, Digit, Bloomberg Law, Windows Report, TechSpot, Decrypt, JURISTnews, WinBuzzer, MEDIANAMA, Stratechery, Associated Press, NBC News, Wired, 80 Level, Wall Street Journal, Engadget, The Information, Fast Company, Android Headlines, SFist, SiliconANGLE, Semafor, Al Jazeera, PCMag, The American Bazaar, IPWatchdog.com, Sherwood News, Pivot to AI, Barron's Online, nextbigwhat, Truth on the Market, The Decoder, and Bloomberg Law
Bluesky: @carnage4life, @criminalerin, @reckless, @jasonsanford, @eriqgardner, @josephcox, @jasonkoebler, @esqueer.net, @esqueer.net, @esqueer.net, @reckless, @reckless, @jtlg, @jtlg, and @jtlg
Mastodon: @mttaggart@infosec.exchange, @festal@tldr.nettime.org, and @grammargirl@zirk.us
Threads: @bilawal.ai and @marcslove
X: @sauers_, @antoniogm, @kevinroose, @davidsacks, @andrewcurran_, @adameisgrau, @ednewtonrex, @andrewcurran_, @ballmatthew, @eriqgardner, @neilturkewitz, @kimmonismus, @matdryhurst, @xlr8harder, @stevesi, @morqon, and @rainisto
LinkedIn: Emil Protalinski and Chris Heatherly
Forums: Hacker News, Hacker News, r/vfx, r/Filmmakers, r/samharris, r/antiai, r/aiwars, r/Anthropic, r/technology, r/Piracy, r/books, r/ClaudeAI, r/aiwars, r/singularity, r/artificial, r/technology, r/OpenAI, r/ArtistHate, and Slashdot
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Emma Roth / The Verge:
Sam Altman posts a series of his exchanges with founder of iyO Jason Rugolo, before and after OpenAI's io deal; Rugolo responded he just wants to compete fairly  —  The court of public opinion does not resolve trademark disputes. … OpenAI CEO Sam Altman has put a spotlight …
Yuliya Chernova / Wall Street Journal:
OpenRouter, which directs prompts to LLMs based on factors like cost and speed, raised $40M across a seed and Series A; source: the startup is valued at ~$500M  —  The startup, now valued at about $500 million, directs artificial-intelligence prompts to various large language models based on cost, speed and other factors
Hilary Milnes / Vogue Business:
Daydream, which raised a $50M seed in June 2024 to build a generative AI shopping agent for fashion, launches in beta, with an app expected later this summer  —  Founder Julie Bornstein raised $50 million last year to create the ultimate AI shopping experience.  Today, it launches in beta.

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From Mediagazer

Wall Street Journal:
Sources: WBD is preparing to tell its shareholders to reject Paramount's latest offer and plans to recommend they support the existing deal with Netflix

Todd Spangler / Variety:
E.W. Scripps' board unanimously rejects Sinclair's unsolicited acquisition proposal of $7 per share in cash and stock, offered in November

Christal Hayes / BBC:
The BBC says “as we have made clear previously, we will be defending” against Trump's defamation lawsuit and “we are not going to make further comment”

More News

Mike Wheatley / SiliconANGLE:
Andy Konwinski, a co-founder of Databricks and Perplexity AI, launches the nonprofit Laude Institute, self-funded with $100M for grants to AI projects and labs

Earlier Picks

Sarah Kessler / New York Times:
A surge in AI-generated résumés is overwhelming employers, who are turning to AI screening and video interviewing tools to assess responses and rank candidates
Reuters:
New Zealand-based Xero, which offers accounting software for small businesses, agrees to acquire payments software company Melio in a $2.5B+ cash-and-stock deal
Business Insider:
Scale AI used Google Docs to track work for customers like Google, Meta, and xAI, and left confidential AI training documents accessible to anyone with the link
RT Watson / The Block:
Chainlink and Mastercard announce a partnership to enable credit card holders to buy crypto assets “directly onchain through a secure fiat-to-crypto conversion”
Zac Bowden / Windows Central:
Microsoft makes Windows 10's extended security updates free for an extra year for users who sync PC settings via a Microsoft Account and the Windows Backup app
Jay Peters / The Verge:
Chrome for Android is rolling out a feature that lets users move the address bar to the bottom of the screen, after it launched for iOS users in 2023
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