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May 8, 2025, 5:50 PM
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Top News

OpenAI:
OpenAI hires Instacart CEO Fidji Simo as CEO of Applications, reporting to Sam Altman, who says he will remain CEO and focus on research, compute, and safety  —  Sam shared this message with the company earlier today:  —  Hi everyone - I have some exciting news to share.
Fidji Simo / Instacart Corporate Blog:
Instacart CEO Fidji Simo tells employees that she is leaving in a couple of months, the new CEO will be a management team member, and she will stay on as Chair
Mark Gurman / Bloomberg:
Sources: Apple aims to begin mass production of a chip for its smart glasses, with greater power efficiency and multi-camera control, by end of 2026 or in 2027  —  The company has made progress on the chip that it's developing for smart glasses, according to people with knowledge of the matter.
Fortune:
Sources: Meta is in discussions with crypto firms to introduce stablecoins as a means to manage payouts, and has hired a VP of product with crypto experience  —  Mark Zuckerberg, CEO of Meta, speaks at a conference in September.  —  In 2019, Meta announced an audacious project …
Lauren Thomas / Wall Street Journal:
Coinbase agrees to acquire Dubai-based Deribit, the world's biggest trading platform for BTC and ETH options, for ~$2.9B, split as $700M in cash and 11M shares
David Wallace-Wells / New York Times:
Q&A with Bill Gates on closing the Gates Foundation on December 31, 2045, donating ~$200B, President Trump, Elon Musk, AI drug discovery, AI advances, and more  —  Today the Gates Foundation celebrates its 25th anniversary by announcing its plans to close up shop.
Aisha Malik / TechCrunch:
Google rolls out AI-powered defenses to help combat scams on Chrome, including the use of Gemini Nano, its on-device LLM, in Enhanced Protection mode on desktop  —  Google announced on Thursday that it's rolling out new AI-powered defenses to help combat scams on Chrome.
Tanaya Macheel / CNBC:
Bitcoin jumps above $100,000 for first time since February 2025, after President Trump announced a US-UK trade agreement; ether, dogecoin, and solana rose 9%+  —  Bitcoin on Thursday hit its highest level since February and climbing back above the key $100,000 level.
Lawrence Abrams / BleepingComputer:
The LockBit ransomware gang has suffered a data breach, with 59,975 BTC addresses and 4,442 negotiation messages leaked, and posted on its dark web site  —  The LockBit ransomware gang has suffered a data breach after its dark web affiliate panels were defaced and replaced with a message linking to a MySQL database dump.
Paul Sandle / Reuters:
The UK says the Digital Services Tax remains unchanged under the trade deal agreed between the US and the UK, both of which will work on a “digital trade deal”  —  Britain's digital services tax, imposed on U.S. companies like Amazon (AMZN.O), Google (GOOGL.O) and Meta (META.O) …
Chris Vallance / BBC:
The Wikimedia Foundation says it is taking legal action to challenge the UK's Online Safety Act, saying it could threaten the safety of its volunteer editors  —  Wikipedia is taking legal action against new Online Safety Act regulations it says could threaten the safety of its volunteer editors …
Steven T. Dennis / Bloomberg:
Senate Democrats block the Genius Act after Republicans rebuffed a provision to bar Trump and others from profiting off of crypto ventures while in office  —  Senate Democrats blocked stablecoin legislation backed by the digital assets industry amid a furor over President Donald Trump's extensive …
Victoria Kennedy / Eurogamer.net:
Palworld developer Pocketpair says a 2024 update was due to “ongoing litigation” and a new update is “yet another compromise”, as it disputes Nintendo's claims  —  “We... assert the invalidity of the patents in question.”  —  Palworld developer Pocketpair has released …
Chris Dolmetsch / Bloomberg:
Celsius Network founder and former CEO Alex Mashinsky is sentenced to 12 years in prison after pleading guilty to commodities fraud and misleading investors  —  Whoop Launches Slimmer Fitness Bands With Blood Pressure, ECG Features  —  Review: The Whoop 5.0 and MG — short for medical grade …
Samantha Subin / CNBC:
Palantir's valuation rises to $281B after its shares close up 7.85%, surpassing Salesforce and joining the top 10 largest US tech companies by market cap  —  There's a new member in the list of the top 10 U.S. technology companies by market cap.  —  Data analytics software vendor Palantir jumped …
Takashi Mochizuki / Bloomberg:
Nintendo projects Switch 2 sales will reach 15M units for the fiscal year ending March 2026, below 16.8M est., and ~$2.2B in annual operating profit, below est.
Kevin Purdy / Ars Technica:
An interview with curl project founder Daniel Stenberg, who likens “AI slop” in HackerOne submissions to a DDoS attack, echoing Seth Larson and others' concerns  —  “A threshold has been reached.  We are effectively being DDoSed.  If we could, we would charge them for this waste of our time …
David Shepardson / Reuters:
Prepared testimony: Microsoft and other AI leaders urge US senators to streamline federal AI energy permits and open more government datasets for AI training  —  Microsoft (MSFT.O) and other AI leaders on Thursday will urge U.S. lawmakers to streamline federal permitting …
Tobias Mann / The Register:
IBM survey of 2,000 CEOs from 33 countries: 25% of AI initiatives have delivered the expected ROI over the past few years, and 16% have scaled enterprise wide  —  Just 1 in 4 bets paying off so far  —  Only a quarter of AI initiatives have delivered the expected return on investment, according to an IBM survey of 2,000 CEOs.
More: Computerworld, IBM, insideAI News, WebProNews, MarTech, IBM, and IBM
Bluesky: @justinhendrix.  LinkedIn: Adnan Anjum.  Forums: r/technology

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This is a Techmeme archive page. It shows how the site appeared at 5:50 PM ET, May 8, 2025.

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From Mediagazer

New York Times:
A look at the Paramount settlement talks; sources: AG Rob Bonta and Gavin Newsom were worried Paramount would follow through on its threat to leave CA

Casey Loving / The Wrap:
The White House launches Trump TV, a 24/7 YouTube livestream of the administration's “top past moments”, after press pool ban; critics call it “state-run media”

@nytimespr:
NYT says it will keep withholding publication or distribution of images captured for the WH still photos pool, in support of outlets Trump “targeted with a ban”

More News

Washington Post:
Analysis: 67K+ new or small-time crypto investors bought the $TRUMP memecoin but 80% of them bought near the coin's peak and saw their holdings' value nosedive
Bloomberg:
Analysis: ~66% of US data center projects built or in development since 2022 are in areas with high water stress, with five states having 72% of new facilities

Earlier Picks

Andrew Webster / The Verge:
Rockstar says its second Grand Theft Auto VI trailer was “captured entirely in-game from a PlayStation 5, comprised of equal parts gameplay and cutscenes”
Danny Park / The Block:
The US OCC says banks can buy and sell customers' crypto assets on their behalf and can outsource crypto custody and trade execution services to third parties
Maggie Harrison / Futurism:
How “AI slop farmer” Jesse Cunningham targets older women on Pinterest and Facebook with AI-generated copies of content from real bloggers and creators
Mark Gurman / Bloomberg:
Eddy Cue's disclosure of Apple's plan to shift its browser to AI systems had a clear goal: downplaying the importance of Apple's existing Google Search deal
The Keyword:
Google says it is continuing to see “overall query growth in Search”, including “an increase in total queries coming from Apple's devices and platforms”
Bloomberg:
Filing: Apple seeks to pause part of the April 30 Epic v. Apple US court order that blocks it from charging commissions on transactions outside the App Store
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