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Techmeme
May 22, 2025, 5:00 AM
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Top News

Bloomberg:
OpenAI is buying io, Jony Ive's secretive AI startup, for ~$6.5B in stock; Ive and LoveFrom will remain independent but take over design for all of OpenAI  —  OpenAI will acquire the AI device startup co-founded by Apple Inc. veteran Jony Ive in a nearly $6.5 billion all-stock deal …
OpenAI:
In a video and letter signed “Sam & Jony”, Altman and Ive announce io, founded last year by Ive, Scott Cannon, Evans Hankey, and Tang Tan to create new products  —  This is an extraordinary moment.  —  Computers are now seeing, thinking and understanding.
Wall Street Journal:
Sources: Sam Altman and LoveFrom have been working for two years on a new device to move consumers beyond screens, including headphones and devices with cameras  —  OpenAI to buy Ive's startup in $6.5 billion deal, as Ive and CEO Sam Altman work on new generation of devices and other AI products
Dan Goodin / Ars Technica:
Signal says it will block by default screenshots of its Windows 11 desktop app due to the privacy risks of Microsoft's Recall; users can enable them in settings  —  Signal Messenger is warning the users of its Windows Desktop version that the privacy of their messages is under threat by Recall …
Tom Warren / The Verge:
Microsoft says it is reducing “politically focused emails” within the company; workers are unable to send emails mentioning “Palestine”, “Gaza”, or “genocide”  —  Employees discovered that emails with a variety of terms related to Gaza and Palestine have been blocked internally.
Sharon Goldman / Fortune:
Google DeepMind says Gemini Diffusion, an experimental text diffusion model demoed at Google I/O and available by waitlist, generates 1,000-2,000 tokens/second  —  Alphabet CEO Sundar Pichai, at Google I/O 2025 in Mountain View.  (Photo courtesy of Google)
Kyle Wiggers / TechCrunch:
Google tests bringing ads to AI Mode, both below responses as well as “integrated into” them, and expands ads in AI Overviews to desktop in the US
Tanaya Macheel / CNBC:
Bitcoin reached a new all-time high on May 21, surpassing $110,000 and breaking its January 2025 record, after slumping to $74,000 in April 2025  —  WATCH NOW  —  Bitcoin rose to a new all-time high on Wednesday, breaking its January record.  —  The price of the flagship cryptocurrency …
Rebecca Dzombak / New York Times:
Microsoft researchers and others detail Aurora, an AI weather model they say makes accurate 10-day forecasts faster and at smaller scales than many other models  —  A Microsoft model can make accurate 10-day forecasts quickly, an analysis found.  And, it's designed to predict more than weather.
Turner Wright / Cointelegraph:
A New York jury convicts Braden John Karony, the former CEO of crypto company SafeMoon, of conspiracy to defraud the US, money laundering, and wire fraud  —  A New York jury found Braden John Karony, the former CEO of cryptocurrency company SafeMoon, guilty of three felony charges after less than a day of deliberation.
Carl Franzen / VentureBeat:
OpenAI updates its Responses API for building agentic applications to include remote MCP server support, image generation and Code Interpreter tools, and more  —  OpenAI is rolling out a set of significant updates to its newish Responses API, aiming to make it easier for developers and enterprises …
Sergiu Gatlan / BleepingComputer:
Microsoft seizes ~2,300 domains globally to disrupt Lumma's malware-as-a-service operation, after finding 394,000+ Windows computers infected by Lumma  —  Earlier this month, a coordinated disruption action targeting the Lumma malware-as-a-service (MaaS) information stealer operation seized thousands …
The Information:
Amazon plans to sell Nike products directly for the first time since 2019, when Nike stopped selling through Amazon due to lingering counterfeit issues  —  Six years after Nike stopped selling through Amazon in favor of going direct to customers through its own stores and website, the two companies are getting back together.
Milana Vinn / Reuters:
AT&T agrees to acquire Lumen's consumer fiber business for $5.75B, in an all-cash deal expected to close in H1 2026; LUMN jumps 13%+  —  AT&T (T.N) has clinched a deal to acquire Lumen Technologies' (LUMN.N) consumer fiber operations for $5.75 billion in cash, the companies said on Wednesday …
Brody Ford / Bloomberg:
Snowflake reports Q1 product revenue up 26% YoY to $996.8M, vs. $966M est., and forecasts Q2 product revenue above estimates; SNOW jumps 6%+  —  Product revenue, which makes up the bulk of Snowflake's business, will increase about 25% to as much as $1.04 billion in the quarter ending in July, the company said Wednesday in a statement.
Brooks Barnes / New York Times:
How animation startup Toonstar uses its AI tools to make animated content up to 90% cheaper than traditional methods; its YouTube series has 30M weekly viewers  —  A.I. has yet to upend Hollywood.  But it is starting to make big inroads in animation.  —  The founders of Toonstar …
Bluesky: @patrickleger
Wall Street Journal:
An overview of major streamers' revenues, subscriber churn, cancellation rates, shares of US TV viewing time, and shares of US sports TV rights deals since 2023  —  Media companies are seeing financial bright spots in their streaming businesses, but navigating the options is still tough for consumers
Lauren Forristal / TechCrunch:
Shopify launches new AI tools, including one for setting up storefronts and another for creating elements like banners, and upgrades its AI assistant Sidekick  —  Shopify is giving its merchants a slew of new AI-powered tools designed to help them enhance the online shopping experience for their customers.
Financial Times:
How SpaceX's Starlink moved quickly to solidify its lead in the satellite internet business, as its competitors face production and launch capacity bottlenecks  —  Unlock the Editor's Digest for free  —  Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.

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From Mediagazer

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

Max Tani / Semafor:
Sources: Atlas Obscura's co-founders were pushed out of the company amid clashes with CEO Louise Story, who has trimmed staff and changed editorial strategy

More News

Sarah Perez / TechCrunch:
Epic v. Apple: Spotify says its recent update supporting web payments has resulted in “a significant increase in iOS users upgrading to a Premium subscription”

Earlier Picks

Alfred Ng / Politico:
Sen. Wyden says AT&T, Verizon, and T-Mobile failed to create systems for notifying about surveillance on Senate-issued devices, despite a requirement to do so
Bloomberg:
AI model ranking project LMArena spins off from UC Berkeley and raises a $100M seed led by a16z and UC Investments, sources say at a $600M valuation
Kyle Wiggers / TechCrunch:
Mistral partners with All Hands AI to release Devstral, a model to help with coding, in “research preview” under Apache 2.0, and says it outperforms Gemma 3 27B
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