June 1, 2023, 3:00 PM

Top News

Meta unveils the $500 Quest 3, “the first mainstream headset with high-res color MR”, slimmer and over 2x the GPU performance vs. the Quest 2, coming this fall  —  Meta Quest 3 Launches Later This Year + Lower Prices & Improvements for Quest 2 The countdown is on for …
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Jon Porter / The Verge:
Michael Potuck / 9to5Mac:
Survey: Android owners mostly switched to iPhone because of prior phone problems and new iPhone features; only 6% moved because of iMessage and FaceTime  —  Following its report that showed Android users pivoting to iPhone at a 5-year high, CIRP is out today with a study that reveals why people are making the switch.
Source: CIRP - Apple ReportMore: BGR, Gizchina, and Phandroid
Bluesky: @dewittclinton.comTweets: @teja2495 and @hardwarezone
Daryna Antoniuk / The Record:
FSB claims Apple helped NSA hack Russian diplomats' iPhones; Kaspersky: unknown malware successfully targeted iPhones up to iOS 15.7 with zero-click exploits  —  Russia's Federal Security Service (FSB) is accusing U.S. intelligence of hacking “thousands of Apple phones” to spy on Russian diplomats.
Jason Schreier / Bloomberg:
After Microsoft paid $7.5B for ZeniMax in 2020, sources detail development issues for Redfall, one of the worst-reviewed games in 2023 and Xbox's latest misfire  —  Over the years, Microsoft Corp.-owned video-game developer Arkane Studios has cultivated a reputation for releasing games …
Aisha Malik / TechCrunch:
Instagram details ranking content in Feed, Stories, Reels, and more, and is testing more user controls, including an “Interested” button for recommended posts  —  Instagram announced today that it's testing a new feature that gives users more control over what they see on the social network …
Mark Gurman / Bloomberg:
Sources: Apple is testing two new high-end Macs, one with M2 Max and the other with an unannounced M2 Ultra, offering 60 graphics cores and up to 192GB of RAM  —  Apple Inc. is testing a pair of new high-end Macs and their accompanying processors ahead of its Worldwide Developers Conference next week …
AnnaMaria Andriotis / Wall Street Journal:
Some Apple Savings Account users have had trouble transferring money out of their accounts; Goldman representatives have given differing responses on what to do  —  Some customers said it has taken weeks to withdraw their money, and that the bank's instructions have differed
Hayden Field / CNBC:
OpenAI researchers say training AI with process supervision, which rewards the thought process rather than the outcome, could help prevent hallucinations  —  - AI hallucinations occur when models like OpenAI's ChatGPT or Google's Bard fabricate information entirely.
Tether's USDT circulation surpasses its $83.2B all-time-high, recovering the ~$20B lost after TerraUSD imploded in 2022, even as crypto trading volumes drop  —  Tether Holdings Ltd.'s stablecoin has recovered all of the roughly $20 billion in market value it lost following the collapse …
Isaac Schorr / Mediaite:
Caroline O'Donovan / Washington Post:
Hundreds of white-collar Amazon workers in Seattle walked off the job, frustrated by job losses, a return-to-office mandate, carbon emissions, and leadership  —  Frustrated by job losses, office policies and rising carbon emissions, white-collar Amazon workers are demanding more from leadership
Krisztian Sandor / CoinDesk:
DeFi lending protocol MakerDAO's community votes to ditch $500M of the Paxos Dollar stablecoin from its reserves, impacting roughly half of the token's supply  —  The result is a significant blow for Paxos as MakerDAO currently holds roughly half of USDP's total supply.
Natasha Singer / New York Times:
Amazon agrees to pay $25M to settle FTC and DOJ charges over the company keeping Alexa voice recordings and geolocation data collected from children for years  —  Regulators said the tech giant kept children's Alexa voice recordings “forever,” violating a children's privacy law.
Sarah Perez / TechCrunch: launches paid newsletters, with the option available to all blogs, even those on the free plan  — is taking on Substack and others with today's news that its Newsletter product will now support paid subscriptions and premium content.
Financial Times:
As ASML reaches a ~€275B market cap, roughly twice Intel's, a look at the fundamental limits of making ever-smaller chips, which could put an end to Moore's Law  —  For decades, ever-tinier semiconductors have allowed huge leaps in computing progress.  Not for much longer, warn experts
Michael McSweeney / The Block:
Crypto bridging protocol Multichain suspended service for multiple chains after being unable to contact its CEO to get server access, during ongoing tech issues  —  - Multichain, the cross-chain protocol, confirmed Wednesday that the team is unable to contact its chief executive amid ongoing technology problems.
Allison Johnson / The Verge:
Motorola launches two Razr phones, including the $999 Razr Plus with a 3.6" outer display, an inner 6.9" 165Hz 1080p panel, and Snapdragon 8+ Gen 1 chipset  —  Moto is adding two new foldables, led by the Razr Plus.  Its 3.6-inch cover screen makes it more than just a nostalgic tribute to your favorite 2000s flip phone.
Sources: a planned $3B semiconductor facility in India by ISMC, a consortium that includes chipmaker Tower, has stalled due to Intel's ongoing Tower acquisition  —  A planned $3 billion semiconductor facility in India by chip consortium ISMC that counted Israeli chipmaker Tower as a tech partner …

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Sarah Perez / TechCrunch: