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Techmeme
June 13, 2025, 7:45 PM
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Top News

Wall Street Journal:
Sources: Walmart, Amazon, and Expedia have recently explored issuing or using stablecoins in the US to potentially save fees from cash and card transactions  —  Corporate coins could take payments activity away from banks and the traditional financial system
Reuters:
Sources: Google, Scale AI's largest customer, plans to cut ties with the company after the Meta deal; Microsoft, OpenAI, and xAI also plan to step back  —  Alphabet's (GOOGL.O) Google, the largest customer of Scale AI, plans to cut ties with Scale after news broke that rival Meta (META.O) …
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.
Emma Roth / The Verge:
Google says it is testing Audio Overviews for certain Search queries, available for Labs users in English in the US  —  If you opt into the test, you'll see the option to generate an Audio Overview based on some of your searches. … Google is rolling out a test that puts its AI-powered Audio Overviews …
Kashmir Hill / New York Times:
Some users say ChatGPT led them into conspiratorial thinking, and when confronted, it confessed to manipulation and told them to alert OpenAI and the media  —  Generative A.I. chatbots are going down conspiratorial rabbit holes and endorsing wild, mystical belief systems.
Samantha Cole / 404 Media:
Digital rights organizations urge the FTC to investigate Character.AI and Meta's “unlicensed practice of medicine facilitated” by therapy AI chatbots  —  Exclusive: An FTC complaint led by the Consumer Federation of America outlines how therapy bots on Meta and Character.AI …
Wall Street Journal:
23andMe says TTAM Research Institute, a nonprofit backed by Anne Wojcicki, is the new buyer for the company's assets, offering $305M and topping Regeneron's bid  —  Regeneron is backing away from buying the DNA-testing company after a nonprofit controlled by co-founder Wojcicki made a higher bid
Dominic Preston / The Verge:
Google plans to shut down Android's Instant Apps, which let users launch apps without installing them, later this year citing low usage and engagement  —  The installation-free apps will join the Google graveyard in December. … Google has confirmed that it plans to shut …
Emily Mason / Bloomberg:
Source: Ramp raised $200M led by Founders Fund, valuing the startup at $16B, up from $13B in March, when it conducted a $150M share sale  —  Financial technology startup Ramp is now valued at $16 billion following a $200 million funding around, according to a person familiar with the matter.
Matt Swider / The Shortcut:
Nintendo Switch 2 review: great build quality, better haptics, and improved performance for Switch 1 games, but weak battery life and only a few launch titles  —  🏆 Review score: 5 out of 5  —  🏅 Editor's Choice Award  — ✅ 🎮 Excellent build quality and premium feel
Heather Somerville / Wall Street Journal:
The Army Reserve launches Detachment 201, an innovation corps with Palantir CTO, Meta CTO, and other tech execs advising on AI and tech as lieutenant colonels  —  Silicon Valley executives are joining a new innovation corps in Army Reserve  —  The nerd brigade is reporting for duty.

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 7:45 PM ET, June 13, 2025.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

From Mediagazer

Michael M. Grynbaum / New York Times:
The White House TV pool remained suspended as of Thursday evening, as networks awaited a formal White House agreement to let CNN participate again in the pool

Todd Spangler / Variety:
The judge in the Paramount-WBD antitrust case holds off on approving a settlement until parties respond to concerns outlined in a letter by Senator Cory Booker

Wall Street Journal:
Sources: MGM Resorts is weighing a bid to purchase Barry Diller's People Incorporated, after Diller withdrew People's bid to buy MGM; People holds ~27% of MGM

More News

Dong Cao / Bloomberg:
Sources: Tencent is in early talks to acquire Nexon, the South Korean gaming giant behind Dungeon & Fighter Mobile; Tencent pursued a Nexon acquisition in 2019
Emma Roth / The Verge:
Betting platform Kalshi aired a fully AI-generated 30-second ad during the NBA Finals, reportedly made in 2-3 days with 300-400 generations using Google's Veo 3

Earlier Picks

Reuters:
Customs data shows Foxconn exported $3.2B worth of iPhones from India between March and May, with an average 97% to the US, up from a 2024 average of 50.3%
Max A. Cherney / Reuters:
Cloud computing startup Crusoe plans to buy ~$400M worth of AI chips from AMD to rent to customers for its US data center that will come online by fall
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
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
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