| Niket Nishant / Reuters: |
Coinbase says hackers accessed a “small subset” of users' data, but not credentials, expects to incur $180M to $400M in costs, and refuses to pay a $20M ransom — Coinbase (COIN.O) forecast a hit between $180 million and $400 million from a cyber attack that breached account data of a … | Bloomberg: |
President Trump says he told Tim Cook that “I don't want you building in India”, “India can take care of themselves”, and Apple will be “upping” US production — President Donald Trump said India has made an offer to drop tariffs on US goods … | Issie Lapowsky / Vanity Fair: |
Q&A with the FT's Patrick McGee on his new book, Apple in China, which examines Apple's role in enabling China's rise; Apple says it is “full of inaccuracies” — In his new book, Apple in China, Patrick McGee examines how Tim Cook unwittingly led Apple right into the heart of Trump's trade war.| Benjamin Mayo / 9to5Mac: |
Apple rolls out CarPlay Ultra, the next generation of CarPlay, in new and existing Aston Martins in North America after months of delays, before a wider rollout — After months of delays, Apple today officially announced the launch of next-gen CarPlay, now with a new brand name of ‘CarPlay Ultra’.| Maxwell Zeff / TechCrunch: |
OpenAI releases GPT-4.1 in ChatGPT for Plus, Pro, and Team subscribers “by popular request”, and replaces GPT-4o mini with GPT-4.1 mini for all ChatGPT users — OpenAI is releasing its GPT-4.1 and GPT-4.1 mini AI models in ChatGPT, the company announced in a post on X Wednesday.| Kyle Wiggers / TechCrunch: |
OpenAI launches the “Safety evaluations hub”, a webpage showing how its models score on tests for harmful content generation, jailbreaks, and hallucinations — OpenAI is moving to publish the results of its internal AI model safety evaluations more regularly in what the outfit … | Johnny Ryan / Irish Council for Civil Liberties: |
The Belgian Court of Appeal rules that the Transparency & Consent Framework, used by Google, Microsoft, Amazon, X, and the ad industry, is illegal across Europe — Landmark court decision against “TCF” consent pop ups on 80% of the internet — Google, Microsoft, Amazon, X … | Lauren Forristal / TechCrunch: |
YouTube previews new ad formats coming to the platform, including an enhanced shoppable connected TV offering that has an interactive product feed on the right — YouTube made its pitch to advertisers on Wednesday, accompanied by a flashy performance from Lady Gaga and special appearances … | Zach Vallese / CNBC: |
| Jess Weatherbed / The Verge: |
Apple adds red exclamation mark warnings on EU App Store listings for apps using third-party payment systems, not Apple's “private and secure payment system” — Apple suggests that users are putting themselves at risk by using third-party alternatives.| ProPublica: |
How the US conducted a monthslong campaign to push The Gambia and at least four other developing nations to license Starlink; diplomats call the events alarming — The State Department has intervened on behalf of Musk's satellite internet company in five developing nations.| Paresh Dave / Wired: |
Microsoft plans to shut down its Bing Search APIs on August 11; a source says the largest customers will retain access, and DuckDuckGo says it won't be affected — Microsoft is limiting access to tools that boosted its rivals, but larger customers like DuckDuckGo say they won't be affected.| Joe Tidy / BBC: |
Hacking group DragonForce says it stole UK retailer Co-op's customer data but couldn't deploy ransomware because Co-op quickly shut down its systems, unlike M&S — Co-op narrowly averted being locked out of its computer systems during the cyber attack that saw customer data stolen … | Jay Peters / The Verge: |
Grok replied on X to debunk claims of South Africa's “white genocide” when X users asked it to fact-check unrelated topics; the issue appears to have been fixed — Grok kept bringing it up in response to seemingly unrelated posts.| Stuart Dredge / Music Ally: |
Open letter: SoundCloud CEO Eliah Seton says a 2024 TOS update was not intended to allow AI training on user content; SoundCloud revised the wording on May 14 — - Click to email a link to a friend (Opens in new window) Email — Music Ally NEXT 2025: Tickets on sale now!| Reuters: |
CoreWeave plans to spend $20B to $23B in 2025 on AI infrastructure and data center capacity to meet demand, such as from Microsoft, expecting revenue above est. — CoreWeave (CRWV.O) is looking to spend $20 billion to $23 billion this year on AI infrastructure and data center capacity … | Jordan Novet / CNBC: |
| Andy Greenberg / Wired: |
Huione Guarantee, a Telegram-based black market for crypto scammers and money launderers that enabled $27B+ in transactions, shuts down after mass account bans — Following a WIRED inquiry, Telegram banned thousands of accounts used for crypto scam money laundering, including those of Haowang Guarantee … | Bloomberg: |
Docs: Microsoft's recent layoffs of 6,000 workers hit software engineers the hardest, making up 40%+ of the ~2,000 positions cut in its home state of Washington — In Microsoft's home state of Washington, software engineering was by far the largest single job category to receive layoff notices … | Wired: |
The CFPB cancels its plans to more tightly regulate US data brokers' ability to sell Americans' sensitive info, like financial data, credit history, and SSNs — Russell Vought, acting director of the Consumer Financial Protection Bureau, has canceled plans to more tightly regulate the sale of Americans' sensitive personal data.| Sara Salinas / CNBC: |
Netflix says its ad-supported tier now has 94M MAUs, up from 70M in November 2024, and reaches more 18- to 34-year-olds than any US broadcast or cable network — Netflix said Wednesday its cheaper, ad-supported tier now has 94 million monthly active users — an increase of more than 20 million since its last public tally in November.| Steven Lee Myers / New York Times: |
Analysis: the US government canceled 1,400+ scientific research grants worth $1B+, including many to study online misinformation, claiming to protect the 1A — Lisa K. Fazio, an associate professor at Vanderbilt University, whose federal grant to study how repetition of lies reinforced … | Juli Clover / MacRumors: |
Epic submits a new version of Fortnite to the US App Store after pulling the one it submitted on May 9, citing the need to make a weekly update with new content — On Friday, Epic Games submitted Fortnite to the U.S. App Store, and since then, we've been waiting to see if Apple would approve … | Katherine Davis / Axios: |
Pathos AI, which uses AI to develop oncology drugs, raised a $365M Series D at a $1.6B valuation, bringing its total funding to $467M, per PitchBook — Pathos AI, a New York drug development startup, raised $365 million in a Series D at a $1.6 billion valuation.| Ryan Browne / CNBC: |
Proofpoint agrees to acquire German company Hornetsecurity, which specializes in managed cloud-based email security services, for $1B+, set to close in H2 2025 — Cybersecurity firm Proofpoint is set to acquire European rival Hornetsecurity for north of $1 billion to strengthen its European presence … | Ina Fried / Axios: |
IFI Claims: Google passes IBM to lead in generative AI-related patent applications in the US; Google and Nvidia lead agentic AI patent filings globally — Google has overtaken IBM to become the leader in generative AI-related patents and also leads in the emerging area of agentic AI … | Katie Roof / Bloomberg: |
Sources: Spark Capital saw a gain of about $530M this week when eToro went public; Spark was eToro's largest shareholder with a 13% stake and had invested $19M — The venture firm first invested in the Israeli Robinhood competitor 15 years ago. — Venture firm Spark Capital saw a gain … | Reuters: |
Xiaomi CEO Lei Jun unveils the XringO1, the company's first self-developed mobile chip, for its high-end devices, coming in late May, without giving any details — Chinese smartphone and electric vehicle maker Xiaomi (1810.HK) said on Thursday it would launch a new self developed mobile phone chip, XringO1, in late May.| Bloomberg: |
Analysis: Shein cut the average cost of 98 tracked products in the US by ~13% to $5.56 from a peak of $6.38 on May 7, and sent a price drop alert to US users — The average cost of 98 products consistently tracked by Bloomberg News on Shein's website was $5.56 on Wednesday, down about 13% from a May 7 peak of $6.38.| Jay Peters / The Verge: |
Roblox rolls out tools to let eligible creators sell physical items from their games via its Commerce APIs, working with Shopify, its first “integrated partner” — Another way for creators to make money from Roblox. … Roblox is going to let creators sell physical items from their games.| Qianer Liu / The Information: |
Sources: Chinese officials recently told some top local tech companies that the government will be more active in overseeing their AI data centers and AI chips — Chinese officials in the past two months told some of the country's top technology companies that the government …
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| Barbara Moens / Financial Times: |
| Steve Lohr / New York Times: |
| Newley Purnell / Bloomberg: |
| Kirsten Korosec / TechCrunch: |
| Jeremy Kahn / Fortune: |
| Jordan Novet / CNBC: |
| Jagmeet Singh / TechCrunch: |
| Reed Albergotti / Semafor: |
| Mark Gurman / Bloomberg: |