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May 15, 2025, 4:45 PM
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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 …
More: Coinbase, TechCrunch, CNBC, Fortune, The Verge, Android Police, CoinDesk, The Hill, Decrypt, The Block, BleepingComputer, Capital Brief, Protos, Infosecurity, Associated Press, Fast Company, The Hacker News, BBC, SiliconANGLE, Yahoo Finance, Cryptopolitan, CryptoSlate, NBC News, Hackread, PYMNTS.com, The Information, Tom's Guide, Reuters, CoinDesk, The Daily Hodl, Dexerto, Barron's Online, Wall Street Journal, Bitcoin Insider, Crypto Briefing, 9to5Mac, Financial Times, Ledger Insights, ZeroHedge News, Cointelegraph, Cyber Security News, The Record, CoinGape, City A.M., Tom's Hardware, and Metacurity
Bluesky: @joemenn, @zackwhittaker.com, @self.agency, @brunojnavarro, and @zackwhittaker.com.  Threads: @parkert
X: @brian_armstrong, @coinbase, @coinbase, @evgenygaevoy, @qwqiao, @asvanevik, @tayvano_, @andrewdarmacap, @zachxbt, @mrjasonchoi, @zachxbt, @randhindi, @boldleonidas, @boldleonidas, @twobitidiot, @erikvoorhees, @johnedeaton1, @adamscochran, @charlesarthur, @0xbreadguy, @deeze, @pumatheuma, @greg16676935420, @adamscochran, @trading_axe, @lefterisjp, @crypt0e, @molly0xfff, @cobie, @arthur_0x, @monetsupply, @arthurb, @antoniogm, @cmsholdings, @atabarrok, @tmnxeq, @lemiscate, @tmnxeq, @cobie, @federicotenga, @inversebrah, @r89capital, @zerohedge, @tmnxeq, @jeffjohnroberts, @mayazi, @phildaian, @mdudas, @arthur_0x, @tmnxeq, and @tmnxeq
LinkedIn: Frank McGovern, Lloyd Evans, Gianluca Varisco, and Jeff John Roberts
Forums: r/cybersecurity, r/ProtonMail, r/Bitcoin, r/Buttcoin, r/ScottGalloway, r/cybersecurity, r/CryptoMarkets, and r/technology
Bloomberg:
Source: hackers bribed enough Coinbase customer service representatives to achieve effectively on-demand access to Coinbase customer information since January
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”
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’.
Wall Street Journal:
Sources: Meta has delayed the rollout of its Behemoth LLM, internally slated for an April release, to fall or later after struggling to improve its capabilities  —  The company's struggle to improve the capabilities of latest AI model mirrors issues at some top AI companies
Zach Vallese / CNBC:
YouTube launches a weekly top podcast shows chart, tracking podcasts in the US and updated every Wednesday; The Joe Rogan Experience currently tops the chart  —  YouTube is solidifying its place in podcasts.  —  The company on Thursday announced the launch of a weekly top podcast shows chart, rivaling those from Spotify and Apple.
New York Times:
Coinbase says it is working with the US SEC to resolve an investigation into whether it misstated its user numbers by reporting 100M+ “verified users” in 2021  —  The inquiry continued even after the commission dropped a lawsuit accusing Coinbase of illegally marketing digital currencies to the public.
Barbara Moens / Financial Times:
The EU provisionally finds that TikTok breached the DSA by failing to offer a publicly searchable ad library, and could fine it up to 6% of its global revenue  —  Ad transparency investigation is one of several ongoing European cases against social media platform
Sarah Perez / TechCrunch:
Threads now lets users add up to five links to their profile bios and rolls out analytics tools to track clicks on profile links and links shared in posts  —  Instagram Threads is taking on Linktree and other “link-in-bio” solutions by introducing a way for creators to use their Threads profile …
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.
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 …
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 …
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.
Bloomberg:
Alibaba reports Q1 revenue up 7% YoY to ~$32.8B, below $33B est., and net income up 279% to ~$1.7B, partly due to its equity investment gains; BABA drops 5%+  —  The company reported sales of 236.5 billion yuan ($32.8 billion) for the March quarter, versus an average estimate of 237.9 billion yuan.
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:
YouTube unveils Peak Points, a pilot Gemini feature for targeting ads after viewers are most engaged with a video, aiming for more impressions and a higher CTR
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 …
More: CNBC, OpenAI, and Tech in Asia
Bluesky: @sal19.  X: @haydenfield and @openai
LinkedIn: Jasleen Carroll and Jennifer Elias
Forums: Hacker News and r/technews
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
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 …
Sarah Perez / TechCrunch:
Pinterest apologizes for a recent wave of mass account bans, saying “an internal error led to over-enforcement”  —  Pinterest has now publicly apologized for the wave of moderation issues that have swept across the social network over the past few weeks, leading to account bans …
More: The Verge.  Bluesky: @kosso.co.uk

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From Mediagazer

Bloomberg:
Sources: WBD begins exclusive talks with Netflix to sell its film and TV studios and HBO Max; Netflix is offering a $5B breakup fee if the deal isn't approved

The Guardian:
Ireland, Spain, Slovenia, and the Netherlands exit Eurovision after Israel received an all-clear to compete; the BBC and Germany's SWR plan to participate

James Faris / Business Insider:
Kalshi strikes a deal with CNBC that will integrate Kalshi's prediction data into CNBC's channel, site, and app starting in 2026, days after striking a CNN deal

More News

Earlier Picks

Steve Lohr / New York Times:
How the Mayo Clinic uses AI to boost efficiency and amplify human abilities in its radiology department, which has an AI team of 40 people and 400+ radiologists
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
Kirsten Korosec / TechCrunch:
Lidar manufacturer Luminar says that founder and CEO Austin Russell resigned following an ethics inquiry and appoints former Nuance CEO Paul Ricci as its CEO
Jeremy Kahn / Fortune:
Samaya AI, which is building AI models that assist financial analysts, raised a $43.5M Series A led by NEA; Eric Schmidt, Yann LeCun, and others also invested
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
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