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June 17, 2025, 7:30 PM
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Tulsee Doshi / The Keyword:
Google makes Gemini 2.5 Flash and Pro generally available and introduces 2.5 Flash-Lite, which it says is its most cost-efficient and fastest 2.5 model yet  —  Gemini 2.5 Flash and Pro are now generally available, and we're introducing 2.5 Flash-Lite, our most cost-efficient and fastest 2.5 model yet.
Steve Kopack / NBC News:
Amazon CEO Andy Jassy says the company expects that in the next few years AI “will reduce our total corporate workforce as we get efficiency gains”  —  Amazon CEO Andy Jassy says the retail and tech giant “will need fewer people doing some of the jobs that are being done today.”
MacKenzie Sigalos / CNBC:
The US Senate passes the Genius Act, which establishes a regulatory framework for stablecoins; the bill now heads to the House  —  The Senate on Tuesday passed the GENIUS Act, a landmark bill that for the first time establishes federal guardrails for U.S. dollar-pegged stablecoins and creates …
Bloomberg:
Sources: xAI is in talks to raise $4.3B via an equity investment on top of the $5B in debt it's trying to borrow; of its previously raised $14B, it has $4B left
CNBC:
Sources: Meta and EssilorLuxottica plan AI-powered smart glasses under Oakley and Prada brands; they will be aimed at athletes, and the Oakleys may cost ~$360  —  Meta and EssilorLuxottica plan to release versions of their AI-powered smart glasses under the Oakley and Prada brands, CNBC has learned.
Jez Corden / Windows Central:
Microsoft and AMD announce a “strategic, multi-year partnership” to design custom silicon for a number of devices, including next-generation Xbox consoles  —  Xbox President Sarah Bond shared an update on Xbox consoles today, confirming their ongoing partnership with AMD for first-party hardware …
Matt Kapko / CyberScoop:
A cyberattack claimed by the pro-Israel hacktivist group Predatory Sparrow has reportedly disrupted services at Iran's state-owned Bank Sepah  —  The attack introduces a clear cyber element with immediate consequences for the country's critical infrastructure amid a growing conflict between Israel and Iran.
Andrew J. Hawkins / The Verge:
Waymo expands its coverage area in San Francisco and LA by 80 square miles each, bringing its total coverage area in California to 250 square miles  —  The company's robotaxis are now operating across 250 square miles of San Francisco and Los Angeles.
Blake Brittain / Reuters:
US appeals court rules in Apple's favor by throwing out a $300M verdict that found it infringed on Optis' wireless tech patents, sending the case to a new trial  —  Apple (AAPL.O) has convinced a U.S. appeals court to throw out a $300 million verdict by a jury that found …
CNN:
President Trump plans to sign an executive order this week to grant TikTok a 90-day extension in enforcement of the sale-or-ban law, marking his third extension  —  New York CNN —  —  TikTok just got another lifeline from the White House, with President Donald Trump set to delay enforcement …
Aisha Malik / TechCrunch:
Facebook renames its Videos tab as the Reels tab and says all videos on its platform will soon be shared as reels, regardless of their length or orientation  —  Facebook announced on Tuesday that all videos on its platform will soon be shared as reels, regardless of their length or orientation.
Bloomberg:
Shanghai-based MiniMax open sources MiniMax-M1, a model for complicated productivity tasks that supports 1M input tokens and it says beats DeepSeek's R1-0528  —  Chinese AI upstart MiniMax released a new large language model, joining a slew of domestic peers inspired to surpass DeepSeek in the field of reasoning AI.
Brody Ford / Bloomberg:
Salesforce says it will increase prices on many products in August, including Slack; major product lines will see a 6% increase on average  —  List prices will go up by an average of 6% for major product lines in August, the company said in a statement Tuesday.  The cost of the workplace communications tool Slack will also rise.
Ryan Christoffel / 9to5Mac:
Apple's Journal app is coming to iPad and Mac in iPadOS 26 and macOS Tahoe and gains features like multiple journals, map view, inline images, and more  —  Apple's Journal app is coming to the iPad and Mac as part of iPadOS 26 and macOS Tahoe, and several brand new features will be included too—even on iPhone.
More: How-To Geek and TechRadar.  Forums: r/apple
Bob Van Voris / Bloomberg:
X sues New York, claiming a law requiring social media companies to disclose how they deal with hate speech and disinformation violates the US Constitution  —  Elon Musk's X Corp. sued the state of New York claiming a law requiring social media companies to disclose how they deal with hate speech …
Jess Weatherbed / The Verge:
Adobe debuts Firefly for iOS and Android, letting mobile users generate images and videos using text prompts and experiment with popular AI photo editing tools  —  The iPhone and Android Firefly app can sync AI image and video projects to desktops via Creative Cloud.
David Pierce / The Verge:
Threads launches a fediverse feed and a way to search for fediverse users, with support for Mastodon and others, for users who turned on fediverse sharing  —  A dedicated feed, and better search, will make social web content much more visible in Threads.
Marc Vartabedian / Wall Street Journal:
Pano AI, which uses AI and computer vision to offer active wildfire detection, raised a $44M Series B led by Giant Ventures, bringing its total funding to $89M  —  Pano AI's fundraising signals investor willingness to back startups that rely in part on government entities for revenue
More: Salesforce Ventures and Pano AI
Bluesky: @prietschka.  X: @salesforcevc.  LinkedIn: Abe Yokell and Garry Tan
John Koblin / New York Times:
Nielsen: in May, Americans watched more TV on streaming than on cable and broadcast networks combined, the first time streaming was king of TV over a full month  —  In May, more Americans watched television on streaming than on cable and network television combined, Nielsen said.
Katie Roof / Bloomberg:
Self-driving simulation software maker Applied Intuition raised $600M co-led by BlackRock and Kleiner Perkins at a $15B valuation, up from $6B in March 2024  —  The company raised $600 million from investors as it prepares for an eventual IPO. … The financing, which the company plans to announce Tuesday …
Mark Mwachiro / Adweek:
At Cannes, Meta adds AI tools to its Advantage+ suite for advertisers and agencies, including turning images into videos, video highlights, and Virtual Try-On  —  The new features include the ability to transform still images into video.  —  With the advertising world congregating this week …

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 7:30 PM ET, June 17, 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

Charles Gasparino / New York Post:
Sources: Paramount Skydance is in talks with private equity firms including Apollo Global Management to join its potential $60B bid for Warner Bros. Discovery

CNN:
The Pentagon Press Association formally objects to Defense Department rules “that appear designed to stifle a free press” and “further isolate reporters”

Daniel Thomas / Financial Times:
Leonard Blavatnik injects $587M into DAZN, taking his total investment above $7B in under a decade; DAZN losses narrowed last year to $936M from $1.4B in 2023

More News

Earlier Picks

Rohan Paul / @rohanpaul_ai:
[Thread] A US paper shows the best frontier LLM models solve 0% of hard coding problems from Codeforces, ICPC, and IOI, domains where expert humans still excel
Financial Times:
German defense tech startup Helsing raised €600M led by Daniel Ek's Prima Materia, sources say at a ~€12B valuation, bringing its total funding to €1.37B
Cameron Faulkner / The Verge:
Amazon plans to hold Prime Day 2025 from July 8 at 12:01am PT through July 11, lasting four days instead of the usual two and exclusive to Prime subscribers
The Information:
Sources: OpenAI wants Microsoft to take a ~33% stake in exchange for foregoing future profit rights, and seeks to modify its exclusive cloud deal with Microsoft
Mike Rogoway / Oregonian:
Memo: Intel's manufacturing VP says Intel plans to cut 15%-20% of factory staff from July “to meet our affordability challenges and current financial position”
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