Techmeme
June 3, 2025, 8:25 AM

Top News

Cheng Ting-Fang / Nikkei Asia:
TSMC CEO C.C. Wei says TSMC expects a record profit in 2025 despite geopolitical, tariff, and FX risks, and confirms it is not building a fab in the Middle East  —  HSINCHU, Taiwan — Taiwan Semiconductor Manufacturing Co. on Tuesday said it expects to log a record profit …
Bloomberg:
Sources: Elon Musk is selling $5B in xAI debt at a double-digit interest rate via Morgan Stanley, with demand already over $3.5B and commitments due by June 17  —  Elon Musk is selling $5 billion in debt for his artificial intelligence startup, xAI Corp., the latest in a series …
Maxwell Zeff / TechCrunch:
Financial Times:
Thomas Ptacek / Fly:
A software developer explains how LLMs, especially AI agents, help automate tedious coding tasks and addresses concerns like hallucinations, job loss, and more  —  Tech execs are mandating LLM adoption.  That's bad strategy.  But I get where they're coming from.
Reuters:
Microsoft, Google, CrowdStrike, and Palo Alto plan a public glossary of state-sponsored hacking groups to ease confusion over the spread of unofficial aliases  —  Microsoft, CrowdStrike, Palo Alto (PANW.O) and Alphabet's (GOOGL.O) Google on Monday said they would create a public glossary …
Cristina Criddle / Financial Times:
AI pioneer Yoshua Bengio launches LawZero, a nonprofit focused on safer AI; LawZero has raised $30M in donations, including from Skype co-founder Jaan Tallinn  —  Turing Award winner launches LawZero not-profit for safer AI, while warning recent models display dangerous characteristics
Richard Lawler / The Verge:
Microsoft announces new Windows changes in response to the EU's DMA for EEA users, including Edge not prompting users to set it as the default unless opened  —  Apparently only the Digital Markets Act can stop Bing from begging you to switch . … Microsoft's changes in response …
New York Times:
Sources: the FTC is investigating whether roughly a dozen US advertising and advocacy groups violated antitrust law by coordinating boycotts among advertisers  —  The regulator is looking into whether roughly a dozen groups violated antitrust law by coordinating boycotts among advertisers.
Mishaal Rahman / Android Authority:
Google is ending PayPal account integration in Google Wallet for US users, effective June 13, after stopping new PayPal account linking in April 2025  —  Later this month, Google Wallet will no longer let users in the U.S. use their PayPal account for payments
Belle Lin / Wall Street Journal:
Snowflake agrees to acquire Crunchy Data, a cloud-based database service that helps businesses and government agencies use PostgreSQL, a source says for ~$250M  —  The cloud data company aims to attract customers who want to build their own artificial intelligence agents
Michael Acton / Financial Times:

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Earlier Picks

Belle Lin / Wall Street Journal:
David Heaney / UploadVR:
Maya Goldman / Axios:
Sarah Perez / TechCrunch: