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June 13, 2025, 1:25 AM
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Top News

Maxwell Zeff / TechCrunch:
Google Cloud suffered an outage on Thursday, affecting many of its customers; Cloudflare, Spotify, Discord, Snapchat, and others experienced service disruptions  —  Large swaths of the internet went down on Thursday, affecting a range of services, from global cloud platform Cloudflare to popular apps like Spotify.
Mark Gurman / Bloomberg:
Sources: Apple has set an internal release target of spring 2026 for its delayed upgrade of Siri, as part of an iOS 26.4 software update  —  Apple Inc. has set an internal release target of spring 2026 for its delayed upgrade of Siri, marking a key step in its artificial intelligence turnaround effort.
Amanda Silberling / TechCrunch:
The public feed of the Meta AI app is filled with private and sensitive information, suggesting users might not be aware they are sharing their chats publicly  —  It sounds like the start of a 21st century horror film: Your browser history has been public all along, and you had no idea.
Bloomberg:
Meta announces a $14.3B investment in Scale AI and hires CEO Alexandr Wang to help oversee its AI efforts; source: Scale AI's post-money valuation is $29B  —  Meta said Thursday that it has backed Scale, without including details.  The size of the investment was $14.3 billion, according to a person familiar with the matter.
Tanaya Macheel / CNBC:
Coinbase announces its first branded credit card, in partnership with American Express, for Coinbase One US users, and creates a lower-cost Basic subscription  —  Coinbase on Thursday introduced its first branded credit card in partnership with American Express.
CoinDesk:
Shopify partners with Coinbase to enable USDC payments for its merchants through Coinbase's Base layer-2 network, starting with a limited group of merchants  —  The integration is set to roll out on June 12 to a limited group of early access merchants, with wider availability expected later in the year.
MacKenzie Sigalos / CNBC:
Chime shares jumped 37% in their Nasdaq debut on Thursday, closing at $37.11 and giving the company a market cap of $13.5B  —  Chime shares jumped 37% in their Nasdaq debut on Thursday after the provider of online banking services sold shares in an IPO that valued the company at $11.6 billion.
Aisha Malik / TechCrunch:
Instagram plans to let users rearrange their grid, a first, and is testing a way for users to quietly post to their profile without it appearing in users' feeds  —  Instagram announced on Thursday that it will finally allow users to rearrange their grid, and is testing a way for users …
Jeremy Fuster / The Wrap:
SAG-AFTRA's Interactive Media Agreement with game companies requires performers' informed consent for all planned AI use on their voice, likeness, and movements  —  Full text of the tentative agreement will be released June 18 for a ratification vote period that ends July 9
See also Mediagazer
New York Times:
Internal docs: Fidelity, TPG, Sequoia, and others are buying ~$250M worth of shares in xAI under a tender offer valuing it at $113B; Fidelity is purchasing $20M  —  Two dozen venture capital firms and other investors are investing in xAI, the artificial intelligence and social media company.
Justine Calma / The Verge:
Google is working with the US National Hurricane Center to test an AI model that forecasts cyclones, and launches Weather Lab to share its AI weather models  —  It's working with the US National Hurricane Center to test out its new AI-based tropical cyclone model.
Financial Times:
Sources: China delays approval of Synopsys' Ansys deal as the US moved in late May to ban chip design software sales by US firms, including Synopsys, to China  —  Beijing's antitrust regulator postpones sign-off on Synopsys and Ansys deal  —  A $35bn US semiconductor industry merger …
Lorenzo Franceschi-Bicchierai / TechCrunch:
A Citizen Lab report finds that two European journalists had their iPhones hacked with Paragon spyware; Apple fixed the zero-day used in the spyware in February  —  Researchers revealed on Thursday that two European journalists had their iPhones hacked with spyware made by Paragon.
Savyata Mishra / Reuters:
Mattel partners with OpenAI to create AI-powered toys and games, with the first product expected in 2025, and integrates ChatGPT Enterprise in its business  —  Mattel (MAT.O) has teamed up with OpenAI to develop toys and games with artificial intelligence, and expects to launch …
Paul Alcorn / Tom's Hardware:
AMD unveils its new MI350X and MI355X GPUs for AI workloads, claiming up to 4x AI compute performance and 35x inference gains over the prior-gen MI300X  —  More power consumption equals lower TCO.  —  AMD unveiled its new MI350X and MI355X GPUs for AI workloads here at its Advancing AI 2025 event …
Natasha Mascarenhas / The Information:
Current and former employees of OpenAI have sold nearly $3B worth of shares in tender offers since 2021, with $1.5B+ going to SoftBank alone  —  My colleague Sri Muppidi broke the news Wednesday of OpenAI's latest fundraising talks as it seeks to raise an unprecedented $40 billion.
Bluesky: @edzitron.com

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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

New York Times:
Sources: FTC is discussing a consent decree on the Omnicom-Interpublic merger, prohibiting the combined company from boycotting platforms over political content
Zoe Kleinman / BBC:
The UK passes the Data (Use and Access) Bill, criticized by creatives, without an amendment to force companies to declare using copyrighted material to train AI

Earlier Picks

Emanuel Maiberg / 404 Media:
Meta sues Joy Timeline, which makes nudify app CrushAI, in Hong Kong to prevent it from advertising on Meta apps; in January, 90% of its traffic came from Meta
MIT Technology Review:
How Amsterdam's experiment to create a fair welfare AI model, which considered 15 characteristics to evaluate welfare applicants for potential fraud, failed
Bill Toulas / BleepingComputer:
An Interpol-led law enforcement action in 26 countries disrupted infostealer operations, leading to takedowns of 20K+ malicious IPs and domains and 32 arrests
Sara Fischer / Axios:
Filing: Disney and NBCUniversal sue Midjourney in California, accusing it of direct and secondary copyright infringement; they say talks with Midjourney failed
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