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June 25, 2025, 6:15 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 closes up 25%  —  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.
Bill Toulas / BleepingComputer:
Report: French authorities arrested four individuals allegedly involved in operating the BreachForums cybercrime forum on Monday and one in February  —  The French police have reportedly arrested five operators of the BreachForum cybercrime forum, a website used by cybercriminals to leak …
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 …
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.
Ivan Mehta / TechCrunch:
WhatsApp launches optional Meta AI-generated summaries of unread messages in the US; Meta can't read the messages and summaries are hidden from other chat users  —  Meta announced on Wednesday that it's adding an AI-powered summaries feature to WhatsApp.  The optional new feature uses Meta AI to summarize unread messages in a chat.
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
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
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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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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 …
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 …
Jordan Novet / CNBC:
Data management software vendor Rubrik agrees to acquire Predibase, which helps with deploying AI models; a source says Rubrik intends to pay $100M to $500M  —  Data management software vendor Rubrik said Wednesday that it's buying Predibase, a startup that helps with the deployment of artificial intelligence models.
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.
Dina Bass / Bloomberg:
Micron reports Q3 revenue up 37% YoY to $9.3B, vs. $8.85B est., forecasts Q4 revenue above estimates, and says it's on track for record revenue this fiscal year  —  Fiscal fourth-quarter revenue will be roughly $10.7 billion, the company said in a statement Wednesday.
Jennifer Pattison Tuohy / The Verge:
Ring rolls out Video Descriptions, an AI-powered beta feature that generates text summaries of motion activity from its doorbells and cameras  —  Ring is adding AI-powered descriptions of motion activity to its camera and video doorbell notifications.
Naga Avan-Nomayo / The Block:
Barclays will block crypto purchases made with credit cards starting June 27, citing volatility and lack of consumer protections, following other UK lenders  —  <p>Barclays will block cryptocurrency acquisitions made with credit cards starting June 27, warning that wild price swings …
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

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From Mediagazer

Financial Times:
Sources: Standard General hedge fund founder Soo Kim has been in talks with a major WBD shareholder over potentially buying or investing in the WBD TV networks

John Rogers / Associated Press:
Peter Arnett, a Pulitzer Prize-winning correspondent who covered the Vietnam War for the AP and the first Gulf War for CNN, has died at 91

Laura Cress / BBC:
Netflix wins rights to a FIFA soccer simulation game, developed by Delphi Interactive and set for release ahead of the 2026 World Cup, for free to Netflix users

More News

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

Earlier Picks

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
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
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
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