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May 8, 2025, 8:30 PM
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| 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.
More: The Verge, UploadVR, MacRumors, 9to5Mac, AppleInsider, TechRadar, Reuters, iPhone in Canada Blog, Tom's Guide, Digital Trends, Cult of Mac, iDownloadBlog.com, iClarified, PhoneArena, Patently Apple, Thurrott, and iThinkDifferent
Forums: r/apple, Slashdot, and MacRumors Forums
| 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.
More: PYMNTS.com, The Verge, Thurrott, The Register, SiliconANGLE, Business Insider, Ars Technica, Neowin, Adweek, VentureBeat, The Information, Fortune, Fast Company, Entrepreneur, Axios, Sherwood News, and Inc
X: @fidjissimo, @gdb, @kate_rouch, @bindureddy, @openai, @sama, @alexeheath, @kevinweil, @btaylor, @fidjissimo, @quantian1, @markchen90, @ericnewcomer, @danprimack, @gergelyorosz, @fidjissimo, @ericnewcomer, @altcap, @ericnewcomer, @eringriffith, @fidjissimo, @michabreakstone, @edzitron, @jessicalessin, @alexrkonrad, and @sama. LinkedIn: Aman Verjee
| Fidji Simo / Instacart Corporate Blog: |
More: The Information, Chain Store Age, CNBC, and Reuters
| 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 …
More: Decrypt, Axios, Associated Press, Gizmodo, Ledger Insights, CNN, CoinDesk, U.S. Senator Mark R. Warner, crypto.news, The Hill, and CoinGape
X: @secscottbessent, @jchervinsky, @senlummis, @senatorhagerty, @sawyerhackett, @senthomtillis, @bankinggop, @leaderjohnthune, @molly0xfff, @gillibrandny, @senategop, @senatorslotkin, @bohines47, @molly0xfff, @molly0xfff, @rubengallego, @molly0xfff, @cschlauf, @maxpcohen, @cdixon, and @pmarca. LinkedIn: Todd H Baker. Forums: r/Buttcoin
| 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 — Deribit is the world's biggest trading platform for bitcoin options — Coinbase Global has agreed to acquire Deribit …
More: The Block, Coinbase, Deribit Insights, CoinDesk, DL News, Crypto Briefing, Proactive, Cryptopolitan, Blockworks, Watcher Guru, Blockchain.News, CNBC, CryptoSlate, Cointelegraph, The Information, Axios, Benzinga, ZyCrypto, Reuters, Bitcoin Insider, Decrypt, SiliconANGLE, Coinpedia Fintech News, crypto.news, Cautious Optimism, CoinGape, and Yahoo Finance
LinkedIn: Phillip Lord and John Turner
| 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.
More: Financial Times, Reuters, The Verge, Axios, Quartz, CNBC, Gates Foundation, PC Gamer, Business Insider, TESLARATI, Profit, Barron's Online, WinBuzzer, Mashable, Times of India, Semafor, and TechCrunch
Bluesky: @debipenny24, @kencaldeira.com, @brittanyepage, @mikebaker, @andy.wrestlejoy.com, @bellinimom, @kradke, @melissaryan, @marypcbuk, @michaelmechanic, @tdpattillo, @tonytassell, @stephenkb, and @robertscotthorton
X: @billgates, @tedchris, @billgates, @akshatrathi, @dwallacewells, @dwallacewells, @gersonborrero, @jerusalemdemsas, @mikhailalexa, and @stefanfschubert
| 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 …
More: Stripe, The Block, CoinDesk, CryptoSlate, Cryptopolitan, Cointelegraph, The Crypto Times, Blockworks, Crypto Briefing, and WinBuzzer
Bluesky: @csfrayer. X: @andymstone, @hawleymo, @joc_ra, @ryansadams, @timccopeland, @moo9000, @lexnfx, @matthewstoller, @jeffjohnroberts, @zerohedge, @howdymerry, @bdanweiss, @homeless_72, and @chuk_xyz
| Paige Smith / Bloomberg: |
Memo: the US CFPB discontinues its order designating the supervision of Google Payment, saying the Biden-era decision is an “unwarranted use” of CFPB's powers — The supervision of Google Payment would be “an unwarranted use of the Bureau's powers and resources,” … | 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.
More: CNBC, Decrypt, Decrypt, Bloomberg, NewsBTC, PYMNTS.com, Crypto Briefing, The Daily Hodl, Cryptopolitan, The Block, Inside Bitcoins, NBC News, Motley Fool, Disrupt Africa, and Watcher Guru. Forums: Hacker News
| 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 …
More: CNBC, Reuters, Engadget, The Verge, DL News, Wired, Financial Times, Coinpedia Fintech News, The Block, NewsBTC, Decrypt, CoinDesk, NBC News, CryptoSlate, Wall Street Journal, Associated Press, Cointelegraph, CoinGape, Protos, The Crypto Times, Watcher Guru, and Cryptopolitan
Bluesky: @quinnypig.com. X: @jojocryo, @scrubings, @cryptohunter0x, @molly0xfff, @masinvestpedia, and @tomasgreif
| Akash Sriram / Reuters: |
Lyft reports Q1 revenue up 14% YoY to $1.45B, vs. $1.47B est., increases its share buyback program to $750M after activist pressure; LYFT jumps 7%+ after hours — Lyft (LYFT.O) increased its stock buyback program to $750 million and posted a 14% rise in first-quarter revenue on Thursday … | Jonathan Vanian / CNBC: |
Pinterest reports Q1 revenue up 16% YoY to $855M, vs. $847M est., MAUs up 10% to 570M, and forecasts Q2 revenue above estimates; PINS jumps 15%+ after hours — Pinterest shares rose 15% in extended trading Thursday after the company reported first-quarter earnings and provided better-than-expected guidance.
More: The Information, Investor's Business Daily, Reuters, Pinterest, and Benzinga. Forums: r/wallstreetbets
| MacKenzie Sigalos / CNBC: |
Affirm reports Q3 revenue up 36% YoY to $783M, vs. $783M est., GMV up 36% to $8.6B, above est., and forecasts Q4 revenue below est.; AFRM drops 8%+ after hours — WATCH NOW — Affirm, the provider of buy now, pay later loans, gave a revenue forecast for the current quarter …
More: Yahoo Finance
| Washington Post: |
Senate hearing: Sam Altman says that requiring government approval to release AI would be “disastrous” for the US' lead in AI, a reversal from his 2023 comments — Congressional testimony Thursday from OpenAI CEO Sam Altman illustrated a shift in the tech industry's attitude to the potential risks of AI.
More: The Information, Associated Press, Forbes Breaking News on YouTube, Politico, PYMNTS.com, Fox Business, GeekWire, and Reuters
Bluesky: @darthbluesky. X: @chrisharihar, @sharongoldman, @taylordbarkley, @taylordbarkley, @similarweb, @vitrupo, @mrewanmorrison, and @adamthierer
| David Shepardson / Reuters: |
| 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.
More: The Keyword, Chromium Blog, Google Online Security Blog, MacRumors, How-To Geek, WebProNews, Neowin, WinBuzzer, Engadget, CNN, 9to5Google, Search Engine Journal, CNET, Droid Life, Android Authority, and MediaPost. LinkedIn: Kent Walker
| 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) …
More: Wall Street Journal, Verdict, ComputerWeekly.com, CoinDesk, and Deutsche Welle
LinkedIn: Wendy Cutler and Khalil Manaf Hegarty
| 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 …
More: Wikimedia Foundation Policy, Diff, The Verge, Reclaim The Net, City A.M., Engadget, and The Guardian
| 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.| Natalie Lung / Bloomberg: |
Match says it will cut 13% of its staff and reports Q1 revenue down 3% YoY to $831M, above est., and paying users down 5% to 14.2M, below est.; MTCH drops 9.6% — Match Group Inc. is cutting one in five managers as part of a 13% workforce reduction, the latest effort by its new chief executive officer …
More: Reuters, Match Group, Motley Fool, Fortune, and TechCrunch
| Riley Griffin / Bloomberg: |
Robert Fergus, who co-founded FAIR with Yann LeCun in 2014, will lead Meta's Fundamental AI Research lab, succeeding Joelle Pineau — Fergus co-founded the Facebook AI Research lab, known as FAIR, in 2014 with Yann LeCun, who currently serves as the chief AI scientist at Meta.| Sarah Perez / TechCrunch: |
Meta says it will start testing video ads on Threads with a “small number” of advertisers, and “Reels trending ads”, which will be shown next to trending Reels — Instagram Threads will begin testing video ads, Meta announced on Thursday.
More: Engadget, Social Media Today, Facebook, Neowin, Engadget, TVNewsCheck, MediaPost, Adweek, Deadline, and Tubefilter
Threads: @simonmwhitcombe and @crumbler
| Reinhardt Krause / Investor's Business Daily: |
Cloudflare reports Q1 revenue up 27% YoY to $479.1M, vs. $469.3M est., and forecasts Q2 revenue of $500M to $501M, vs. $500.4M est.; NET jumps 8%+ after hours — Cloudflare (NET) stock climbed Thursday after the company reported first-quarter earnings that met views while revenue topped Wall Street targets.| Gaby Del Valle / The Verge: |
A federal judge in Florida dismisses most claims against celebrities who endorsed FTX, ruling that they were “uninformed” and “reckless” but not fraudulent — The famous people who endorsed FTX were ‘uninformed’ and ‘reckless’ but not fraudulent, the judge ruled.| Yuri Kageyama / Associated Press: |
Nintendo reports FY 2024-25 revenue down 30% YoY to ~$8B, profit down 43% YoY to ~$1.9B, and says the Switch has 128M+ players globally eight years after launch — Japanese video-game maker Nintendo on Thursday reported a 43% decline in profit for the fiscal year through March …
More: Engadget, GamesIndustry.biz, and VentureBeat
| Takashi Mochizuki / Bloomberg: |
More: Engadget, Video Games Chronicle, Mashable, CNBC, Reuters, Gameranx, MobileSyrup, RetailWire, HotHardware, Gadgets 360, KitGuru, GamesRadar, Yahoo Finance, Nintendo, Financial Times, and GoNintendo. Forums: r/nintendo
| Kirsten Korosec / TechCrunch: |
SEC filing: Sterling Anderson, CPO and co-founder of self-driving truck startup Aurora, is resigning effective June 1, and will leave the board on August 31 — Sterling Anderson, a veteran of the nascent autonomous vehicle sector and co-founder of Aurora, is resigning just a week … | 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 … | 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 — - The OCC clarified that national banks are permitted to execute cryptocurrency buy and sell orders on behalf of their customers.Sponsor Posts
Subquadratic:
Subquadratic: the LLM built for 12M-token reasoning — SubQ can reason across entire codebases and document sets in one pass with no RAG workarounds. Read how SubQ 1.1 Small holds near-perfect retrieval out to 12M tokens.
Subquadratic: the LLM built for 12M-token reasoning — SubQ can reason across entire codebases and document sets in one pass with no RAG workarounds. Read how SubQ 1.1 Small holds near-perfect retrieval out to 12M tokens.
Cloudflare:
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Zoho:
Get UAE eInvoicing ready with Zoho — The UAE announced its eInvoicing mandate on 30 October 2024, when the Ministry of Finance issued Federal Decree-Laws No. 16 and 17 of 2024, laying the legal groundwork for a national eInvoicing system.
Get UAE eInvoicing ready with Zoho — The UAE announced its eInvoicing mandate on 30 October 2024, when the Ministry of Finance issued Federal Decree-Laws No. 16 and 17 of 2024, laying the legal groundwork for a national eInvoicing system.
IDrive:
Protecting your Cloud Applications Data — Backing up Office 365, Google Workspace, Dropbox & Salesforce data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.
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Sources:
Marc Benioff on the AI boom, SaaSpocalypse, and future of Slack
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Grit:
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