| Bloomberg: |
Sources: Nintendo picked Samsung to produce the Switch 2's main chips, aiming to sell 20M+ units by March 2026, a key win for Samsung as it competes with TSMC — Securing a contract for one of the summer's hottest new gadgets will likely help lift utilization or boost business for the Korean conglomerate's chip foundries.| Emma Roth / The Verge: |
GitHub debuts an AI coding agent for GitHub Copilot that can fix bugs, add features, improve documentation, and more, and open sources GitHub Copilot in VS Code — The AI coding agent will start working once a developer assigns it a task. … GitHub is launching an AI coding agent … | Lawrence Abrams / BleepingComputer: |
| Kyle Wiggers / TechCrunch: |
| Nilay Patel / The Verge: |
| Politico: |
France says it banned Telegram founder Pavel Durov on May 12 from going to the US for “negotiations with investment funds”, after arresting him in August 2024 — The Russian-born entrepreneur is not allowed to leave France without permission following his August arrest.| Andy Bounds / Financial Times: |
Sources and a document: the EU plans to levy a flat €2 fee on billions of small packages entering the bloc, mainly from China, in a fresh blow to Temu and Shein — Brussels could apply a €2 handling fee on billions of small packages imported mainly from China| Financial Times: |
UK tech unicorn Builder.ai, backed by Microsoft, Qatar, and others, says it is entering insolvency proceedings due to financial and historic leadership issues — Once high-flying group founded by Sachin Dev Duggal says its was unable to recover from ‘past decisions’| Lauren Feiner / The Verge: |
Trump signs the Take It Down Act, criminalizing the distribution of nonconsensual intimate images and requiring platforms to promptly remove them when notified — The bill sailed through Congress with a focus on deepfakes and other nonconsensual intimate images.| Wall Street Journal: |
Analysis: four of the world's top 50 tech companies are European, and none of the top 10 quantum companies are in Europe, as the continent lags the US and China — A risk-averse business culture and complex regulations have stifled innovation on the continent, weighing on its future| Bloomberg: |
Chinese government data: smartphone exports including iPhones fell 72% MoM to $688.5M in April, the lowest since 2011, outpacing a 21% drop in overall shipments — Smartphone exports slid 72% to just under $700 million last month, sharply outpacing an overall 21% drop in Chinese shipments to the US … | Steven T. Dennis / Bloomberg: |
The US Senate advances the GENIUS Act, a stablecoin bill, after a group of Democrats dropped their opposition on May 19, a major victory for the crypto industry — Stablecoin legislation overcame a procedural blockade in the US Senate, marking a major victory for the crypto industry … | New York Times: |
President Trump's recent Middle East trip helped Elon Musk's SpaceX and Neuralink cut lucrative deals, deepening Musk's ties to the Gulf's autocratic monarchies — The world's richest man inked new deals as he tagged along on Trump's tour of the Gulf. — President Trump's recent trip … | Bloomberg: |
Malaysia downplays its deal to use 3,000 Huawei chips to build a first-of-its-kind AI system by 2026, underscoring its delicate position in the US-China AI race — Malaysia declared it'll build a first-of-its-kind AI system powered by Huawei Technologies Co. chips, only to distance itself … | Todd Spangler / Variety: |
SAG-AFTRA files an NLRB unfair labor practice charge against Epic's Llama Productions for using AI to recreate James Earl Jones' Darth Vader voice in Fortnite — The actors union said Epic-owned Llama Productions “chose to replace the work of human performers with AI technology” … | Clare Duffy / CNN: |
The US House Budget Committee advances a budget bill that would ban US states from enforcing any law regulating AI for 10 years; the bill now goes to the House — New York CNN — — More than 100 organizations are raising alarms about a provision in the House's sweeping tax … | Reuters: |
Sources: Intel is considering divesting NEX, its Network and Edge business unit that generated $5.8B in 2024 revenue, to focus on PC and data center chips — Intel has considered divesting its network and edge businesses as the chipmaker looks to shave off parts of the company … | Bloomberg: |
Inside the first Stargate AI data center, in Abilene, Texas: thousands working to build eight near-identical structures, startup Crusoe spending ~$12B, and more — OpenAI, Oracle and SoftBank hope that the site in Texas is the first of many across the US. — Trucks carrying concrete … | Zijing Wu / Financial Times: |
Q&A with Feng Ji, the founder of top Chinese quant fund Baiont, on using AI to develop trading strategies, its small team, China's quant landscape, and more — The founder of one of China's top-performing quant funds explains how his team of young computer scientists are using machine learning to disrupt the sector| Emma Roth / The Verge: |
Spotify says Apple approved an update that lets US users buy individual audiobooks and see audiobook prices inside its iOS app, after the Epic v. Apple ruling — You'll see a ‘Buy’ button alongside an audiobook's price. … It's finally possible to purchase an audiobook from Spotify's iPhone app with just a few taps.| Washington Post: |
Investigation: for two years, New Orleans police secretly scanned city streets using 200+ facial recognition cameras, seemingly violating a 2022 city ordinance — Following records requests from The Post, officials paused the first known, widespread live facial recognition program used by police in the United States.| Wall Street Journal: |
Sources: Sam Altman had sought to delegate more responsibility for months before hiring Fidji Simo, an adept and detail-oriented manager, in contrast to Altman — Fidji Simo is leaving Instacart for a newly created role at Sam Altman's startup as it prepares for a potential public offering| Isabelle Bousquette / Wall Street Journal: |
SignalFire: in 2024, Big Tech employment declined 1.6% in Austin and startup employment fell 4.9%; Dallas, Houston, Denver, and Toronto employment also declined — Regional tech hubs across the U.S. are losing talent as workers return to the coasts, with Austin being one of the hardest hit| Michael Peel / Financial Times: |
Study: autonomous vehicles trained to use “social sensitivity” in assessing the collective impact of multiple hazards cause fewer injuries during road accidents — Driverless vehicles that respond more like humans will cause less harm during road crashes, according to research| Dean Takahashi / VentureBeat: |
Nvidia unveils Isaac GR00T N1.5, an open, customizable AI model for humanoid reasoning and skills, and GR00T-Dreams, a tool for generating synthetic motion data — Nvidia said it is racing ahead with humanoid robotics technology, providing a custom foundation model for humanoid reasoning … | Arjun Kharpal / CNBC: |
| Edith Hancock / Wall Street Journal: |
The EU and the UK are finalizing a deal that would let their competition regulators work together more closely and flag key antitrust and merger investigations — The agreement will give regulators a clear framework for cooperation on competition probes — The European Union and U.K …
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| Kevin T. Dugan / Wall Street Journal: |
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| Luisa Beltran / Fortune: |
| Pradeep Viswanathan / Neowin: |
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| Tom Warren / The Verge: |
| Abner Li / 9to5Google: |
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