| Oliver Knight / CoinDesk: |
Pavel Durov says Telegram and xAI agreed a one-year deal to distribute Grok; Telegram will get $300M in cash and equity from xAI and 50% of subscription revenue — Telegram will also receive 50% of revenue from xAI subscriptions sold via the app. — What to know:| Shirin Ghaffary / Bloomberg: |
Anthropic appoints Netflix co-founder and Chairman Reed Hastings to its board of directors, as the company balances growth with its stated focus on safety — Board seeks to balance AI's business interests, responsibilities to society — Netflix Inc. co-founder and Chairman Reed Hastings … | Aisha Malik / TechCrunch: |
Instacart appoints Chief Business Officer Chris Rogers as its new CEO, effect August 15, replacing Fidji Simo, who left to become OpenAI's CEO of Applications — Instacart announced on Wednesday that its chief business officer, Chris Rogers, has been appointed as the company's new CEO.| Marcus Mendes / 9to5Mac: |
The EU publishes its April 23 decision to fine Apple €500M for DMA non-compliance; Apple has until end of June to become compliant or face periodic fines — Update: Apple has responded to the ruling with a statement provided to 9to5Mac, calling it “bad for innovation, bad for competition, bad for our products, and bad for users.”| Wes Davis / The Verge: |
Discord unveils Discord Orbs, a new in-app currency in beta that users can earn by completing Quests, which reward participants who interact with ads — ‘Discord Orbs’ will let users earn free Nitro by playing with interactive ads. … Discord is beta testing “Discord Orbs,” … | Financial Times: |
Sources: Nvidia suppliers Foxconn, Inventec, Dell, and Wistron made breakthroughs to resolve issues from 2024 that delayed Blackwell AI server rack shipments — Technical breakthroughs allow partners to begin shipments of cutting-edge ‘Blackwell’ artificial intelligence servers| Financial Times: |
Humain, Saudi Arabia's new state-owned AI company, says it is seeking investment from US tech companies and investors, and plans to launch a $10B VC fund — PIF-backed Humain courts US tech investors and plans $10bn venture fund — Andrew England and Ahmed Al Omran in Riyadh| Jordan Novet / CNBC: |
Circle's S-1 shows that 60% of the 24M shares available in its IPO come from existing stakeholders rather than the company, a highly unusual move in a tech IPO — Stablecoin issuer Circle stands to be one of the first significant cryptocurrency companies to go public in the U.S. That's not the only unusual aspect of its IPO.| Bloomberg: |
| Reuters: |
Sources: Shein is shifting its IPO plans from London to Hong Kong after failing to secure approval from Chinese regulators, and aims to file in the coming weeks — Shein is working towards a listing in Hong Kong after the online fast-fashion retailer's proposed initial public offering (IPO) … | Naga Avan-Nomayo / The Block: |
Filing: GameStop acquires 4,710 bitcoin for its corporate treasury, but does not disclose the total purchase amount, after announcing a bitcoin plan in March — - The video game retailer announced a 4,710 bitcoin purchase on May 28. — GameStop previously announced plans to adopt Bitcoin … | Tim Balk / New York Times: |
A look at issues facing self-driving trucks in the US as Aurora, whose new truck has logged 1,000+ driverless miles on I-45, aims for 20+ trucks by year's end — As the trucking industry struggles to recruit drivers, driverless trucks won't need sleep, won't speed and won't get road rage.| Wall Street Journal: |
Inside a “laptop farm” run by a 50-year-old US woman that let DPRK IT workers pose as US tech staff and illegally earn $17.1M from more than 300 US companies — A LinkedIn message drew a former waitress in Minnesota into a type of intricate scam involving illegal paychecks and stolen data| Hartley Charlton / MacRumors: |
Apple launches its Self Service Repair program for the iPad lineup, a first, and plans to bring the program to Canada in summer, the 34th country to offer it — Apple today announced that its Self Service Repair program is expanding to the iPad. — The program will provide iPad owners with manuals … | Counterpoint Research: |
In Q1 2025, the iPhone 16 was the best selling smartphone globally, followed by the iPhone 16 Pro Max, 16 Pro, 15, Samsung Galaxy A16, Galaxy A06, and S25 Ultra — - Apple's iPhone 16 was the best-selling smartphone in Q1 2025. This also marked the return of the iPhone series' base variant … | Reuters: |
Amazon and Stellantis say their deal, announced in 2022, to create in-car software and bring Fire TV to in-car entertainment systems, is “winding down” — Amazon's deal with Stellantis to create in-car software that the companies hoped would transform the driving experience … | Arjun Kharpal / CNBC: |
ASML's stock is down ~25% in the past year from a record ~€1,000 in July 2024, cutting $130B+ from its market cap, amid China export rules and US tariffs — More than $130 billion of value has been wiped off of ASML in under a year amid restrictions on exports to China and U.S. tariff uncertainty| Bloomberg: |
A recent surge in high-profile cyberattacks is boosting cyber insurers' prospects, with global premium volume expected to hit ~$30B by 2030, growing at 10% YoY — A recent surge in high-profile cyberattacks is offering an opportunity for insurers including Munich Re AG and Chubb Ltd. to cash … | Billy Perrigo / Time: |
A look at Tools for Humanity, cofounded by Sam Altman, as the company plans to deploy 7,500 iris-scanning Orbs across the US over the next 12 months — Once again, Sam Altman wants to show you the future. The CEO of OpenAI is standing on a sparse stage in San Francisco, preparing to reveal his next move to an attentive crowd.| Ryan Browne / CNBC: |
Getty Images CEO Craig Peters says Getty is spending “millions and millions” on its Stability AI lawsuit in the UK and the US, accusing it of copying 12M images — Peters told CNBC in an interview that both Stability AI — the U.K.-based startup best known for its text … | Dina Bass / Bloomberg: |
Bell Canada plans to invest hundreds of millions to build data centers in six Canadian cities; the first, set to launch in June, has Groq as an anchor tenant — The Elite Microsoft Unit Constantly Working to Thwart Hackers … Explainers| Antonio G. Di Benedetto / The Verge: |
Microsoft Surface Laptop 13 review: exquisite hardware, great keyboard, trackpad, and battery, and a 3:2 display, but Snapdragon X has app compatibility issues — That Snapdragon X-powered laptop matched the MacBook in build quality, battery life, and at least some aspects of performance … | Marina Temkin / TechCrunch: |
Rillet raised a $25M Sequoia-led Series A and has added ~200 customers, including Windsurf, since debuting an AI tool in 2024 to automate general ledger systems — For accounting departments, no software is more important than the general ledger system. It's the central hub that summarizes … | Marina Temkin / TechCrunch: |
SignalFire: startups and Big Tech firms cut hiring of recent graduates by 11% and 25%, respectively, in 2024 over 2023, as AI can handle routine, low-risk tasks — If and when AI will start replacing human labor has been the subject of numerous debates. — While it's still hard … | Reuters: |
Global Payments says it will sell its Heartland Payroll Solutions unit, which has 50K+ clients, to Michigan-based fintech Acrisure for $1.1B, closing in H2 2025 — Global Payments (GPN.N) said on Wednesday it would sell its payroll division, Heartland Payroll Solutions … | Wataru Suzuki / Nikkei Asia: |
Chinese state-backed company Hygon, which makes server CPUs, and server maker Sugon agree to merge; Hygon has a ~$43.9B market cap, while Sugon's is ~$12.6B — SHANGHAI — Chinese state-backed chipmaker Hygon Information Technology and server producer Dawning Information Industry … | Chip Cutter / Wall Street Journal: |
Memo: Match Group CEO Spencer Rascoff, set to become Tinder CEO in July, lays out a new vision for the app, including speeding up product changes and using AI — Spencer Rascoff is rethinking Match Group's biggest app as younger online daters grow tired of swiping
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| Greg Otto / CyberScoop: |
| Giovanni Colantonio / Digital Trends: |
| Nathan Vifflin / Reuters: |
| Kyle Wiggers / TechCrunch: |
| Cecilia Kang / New York Times: |
| Lawrence Abrams / BleepingComputer: |
| Mark Gurman / Bloomberg: |