Techmeme
June 5, 2024, 6:20 PM

Top News

Kif Leswing / CNBC:
Nvidia hits a $3T market cap and passes Apple as the second most valuable public US company, behind Microsoft  —  Nvidia passed Apple in market cap on Wednesday as investors continue betting on the chipmaker behind the artificial intelligence boom.  It is now the second-most valuable public company, behind Microsoft.
Wes Davis / The Verge:
Humane tells Ai Pin owners that they should “immediately” stop using the charging case, citing issues with a battery cell that “may pose a fire safety risk”  —  Humane is telling AI Pin owners today that they should “immediately” stop using the charging case that came with its AI gadget.
Kurt Wagner / Bloomberg:
The Greater Memphis Chamber says xAI plans to develop a new facility in Memphis to house a supercomputer and could receive tax breaks and other incentives  —  - Startup could receive tax breaks and other business incentives  — New facility would come on the heels of $6 billion fundraising
Mark Gurman / Bloomberg:
A look at Apple's OpenAI deal before WWDC; sources say Apple plans to offer AI features as an opt-in service, and is working on two LLM-powered robotic devices  —  An OpenAI agreement is due to be announced at the Apple's developer conference next week.  —  When a 23-year-old Sam Altman took …
Paul Sawers / TechCrunch:
SAP plans to acquire Tel Aviv-based WalkMe, which helps users navigate other software UIs, for $1.5B in cash; WalkMe had raised ~$300M before its June 2021 IPO  —  Enterprise software giant SAP is acquiring “digital adoption” platform provider WalkMe in an all-cash transaction worth $1.5 billion.
Tom Warren / The Verge:
Google is acquiring software virtualization company Cameyo to deeply integrate virtualized Windows app support into ChromeOS, after a partnership in April 2023  —  Google is acquiring software virtualization company Cameyo in a push to deeply integrate virtualized Windows app support into ChromeOS.
Bloomberg:
How a series of hacks, including a recent ransomware attack, show the challenges facing the UK's NHS, which employs 1.7M workers and cares for 68M UK residents  —  - Health care is the most-targeted industry for cyber extortion  — Latest attack targeted a “life-critical” supplier to UK's NHS
Will Shanklin / Engadget:
Twitch says its Twitch Tier 1 subscriptions in the US will increase from $4.99 per month to $5.99 per month on July 11, the first price hike for US subscribers  —  Monthly Tier 1 memberships will go up by $1 in July.  —  Twitch is joining Spotify, Max, Peacock, Crunchyroll …
Joanna Stern / Wall Street Journal:
Apple plans to fix another Screen Time bug that lets kids visit X-rated websites; two researchers say they reported the bug to Apple in March and August 2021  —  Apple's Screen Time continues to be marred by bugs that let its youngest users circumvent parental controls
Nduka Orjinmo / Bloomberg:
In a letter, 16 Republican lawmakers accused Nigeria of taking Binance executive Tigran Gambaryan “hostage” and urged President Biden to help secure his release  —  - Tigran Gambaryan was detained on a trip to Nigeria in February  — Binance, Gambaryan face charges including aiding tax evasion
Sage D. Young / Unchained:
Coinbase launches its smart wallet, which uses passkeys instead of seed phrases and works without app or extension installs, in a move to simplify onboarding  —  The launch of Coinbase's smart wallets, which don't require seed phrases or the downloading of a browser extension or an application …
Upmanyu Trivedi / Bloomberg:
The UK's Competition Appeal Tribunal rules that a class action lawsuit against Google over allegations the company abused its digital ad dominance can proceed  —  London judges ruled a class action lawsuit to proceed against Google potentially seeking billions of pounds in damages over allegations …
Reuters:
Duolingo deletes LGBTQ+ references in Russia after being warned by the country's communications regulator that the content is classed as “extremism”  —  Language learning app Duolingo (DUOL.O) has deleted references in Russia to what Moscow calls “non-traditional sexual relations” …
Ryan Weeks / Bloomberg:
Paxos International, a UAE-based affiliate of Paxos, launches Lift Dollar, or USDL, a stablecoin pegged to the US dollar that will pay a ~5% yield to holders  —  - The Lift Dollar is issued by new affiliate Paxos International  — USDL will pay a yield to holders equal to about 5% per annum
Yogita Khatri / The Block:
M^0, a decentralized stablecoin minting protocol, raised a $35M Series A led by Bain Capital Crypto; the round was structured as equity plus tokens  —  - M^0 has raised $35 million in Series A funding from Bain Capital Crypto, Galaxy Ventures, GSR and others.
Shakeel Hashim / Transformer:
Former OpenAI researcher Leopold Aschenbrenner says he was fired in April 2024 for writing a memo to the board over concerns about OpenAI's security practices  —  Leopold Aschenbrenner also said he was interrogated about his team's “loyalty to the company”  —  Leopold Aschenbrenner …
Kevin Roose / New York Times:

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