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Techmeme
June 19, 2025, 1:55 AM
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Top News

Bloomberg:
Texas Instruments plans to spend $60B+ on US semiconductor plants, including two new factories in Texas, and says its long-term spending plan remains unchanged  —  The company said its long-term capital spending plan remains unchanged.  The total includes amounts allotted to plants …
Bloomberg:
Sources: Microsoft plans to announce thousands of job cuts, particularly in sales, early next month after the end of its fiscal year  —  The cuts are expected to be announced early next month, following the end of Microsoft's fiscal year, according to people familiar with the matter.
Financial Times:
Sources: Microsoft is prepared to walk away from high-stakes talks with OpenAI if they cannot agree on critical issues, such as the size of Microsoft's stake  —  ChatGPT maker's plans to convert into a for-profit leads software giant to make contingency plans
MacKenzie Sigalos / CNBC:
The DOJ announces the seizure of $225.3M in crypto linked to “pig butchering” scams, marking “the largest cryptocurrency seizure in US Secret Service history”  —  The Justice Department announced Wednesday the largest-ever U.S. seizure of cryptocurrency linked to so-called …
Zack Whittaker / TechCrunch:
Iran's largest crypto exchange Nobitex says it was hacked, and pro-Israel group Predatory Sparrow claims responsibility; Elliptic: $90M+ was stolen and “burned”  —  Iran's largest crypto exchange, Nobitex, said Wednesday that it was hacked and funds have been drained from its hot wallet.
Matt Kapko / CyberScoop:
A cyberattack claimed by pro-Israel hacktivist group Predatory Sparrow has reportedly disrupted services at Iran's state-owned Bank Sepah, including its website
Carl Franzen / VentureBeat:
Midjourney launches V1, its first AI video generation model, letting subscribers animate images via its website; video jobs will cost ~8x more than image jobs  —  Popular AI image generation service Midjourney has launched its first AI video generation model V1, marking a pivotal shift …
Rachel Metz / Bloomberg:
OpenAI says it's phasing out its work with Scale AI, into which Meta invested $14.3B, and that Scale AI accounted for a small fraction of its overall data needs
Emma Roth / The Verge:
Meta is adding support for passkeys on Facebook's iOS and Android apps “soon”, and will begin rolling out passkeys to Messenger “in the coming months”  —  Using your device security instead of a password makes it harder to get tricked into giving up your Facebook account.
The Information:
Source: Meta is in advanced talks to hire Nat Friedman and Daniel Gross to work on its AI efforts and possibly buy out part of their venture capital fund NFDG  —  Meta Platforms is in advanced talks to hire the prominent artificial intelligence investors Nat Friedman and Daniel Gross …
Washington Post:
The US State Department restarts student visa interviews and requires all applicants to make their social media accounts public for vetting by US embassies  —  The new requirements could affect hundreds of thousands of visa applications each year, raising concerns about staffing requirements.
Aisha Malik / TechCrunch:
Google rolls out the ability to have back-and-forth voice conversations with AI Mode, available in the Google app by tapping the Live button  —  Google is rolling out the ability for users to have a back-and-forth voice conversation with AI Mode, its experimental Search feature that lets users ask complex, multi-part questions.
Andrew J. Hawkins / The Verge:
Waymo applied for a NYC permit to test its cars with safety drivers and plans to start collecting mapping data with manually driven cars in Manhattan in July  —  The company wants to change state law so it can operate vehicles without safety drivers.  That will be a challenge.
Aisha Counts / Bloomberg:
SoftBank-backed Spotter, which fronts cash to YouTubers for a cut of revenue, is facing significant challenges due to YouTube's shift toward Shorts, and more  —  The company, which boasted a new way for social media stars to fund their operations, fronted millions of dollars to creators …
Alex Weprin / The Hollywood Reporter:
At Cannes, YouTube CEO Neal Mohan says YouTube will integrate Veo 3 into Shorts later this summer and that AI tech “will push the limits of human creativity”  —  The Veo 3 video generator is capable of creating both videos and sound based on text prompts, with YouTube CEO Neal Mohan saying the …
Kayla Cobb / The Wrap:
Cannes Lions: YouTube CEO Neal Mohan says YouTube Shorts now averages 200B daily views, up 186% from the 70B average daily views YouTube reported in March 2024

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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

Reuters:
Independent Russian newspaper Novaya Gazeta plans to shut down after 30+ years, following pressure from Russian authorities and the persecution of its reporters

Alex Weprin / The Hollywood Reporter:
Filing: Byron Allen sold his 10.7% Starz stake over August and September, netting a bit less than $45M; he acquired it from Steve Mnuchin's Liberty 77 for $25M

David Ehrlich / IndieWire:
Netflix spent 10 years trying to make movie theaters obsolete and is now pivoting to real theatrical releases, in a rare about-face for a tech giant

More News

Sophie Shulman / CTech:
Wix acquires Base44, which lets users build apps from text prompts, for $80M; Base44 was founded by a solo entrepreneur six months ago and employs six people
Maxwell Zeff / TechCrunch:
OpenAI details why “emergent misalignment”, where training on wrong answers in one area can lead to misalignment in others, happens and how it can be mitigated
Lisa Stiffler / GeekWire:
TerraPower, which develops small modular nuclear reactors, raised $650M from investors including Nvidia's NVentures and TerraPower co-founder Bill Gates

Earlier Picks

Hayden Field / The Verge:
The Midas Project and The Tech Oversight Project release The OpenAI Files, a 50+ page analysis of OpenAI's governance, leadership, and organizational culture
Vanessa Hand Orellana / CNET:
An interview with Samsung SVP Dr. Hon Pak on the Galaxy Watch getting a first-ever blood analysis feature, AI health tools, and a potential monthly subscription
Kristina Partsinevelos / CNBC:
AWS says Anthropic's Claude Opus 4 launched on its Trainium2 GPUs, and Project Rainier, AWS' supercomputer built for Anthropic, uses 500K+ Trainium2 chips
More: Benzinga and Cryptopolitan
Bluesky: @quinnypig.com and @sungkim
X: @rohanpaul_ai, @kristinaparts, and @ns123abc.  LinkedIn: Josh Larivee.  Forums: r/hardware
Financial Times:
Netflix signs a landmark deal with France's TF1 to show linear TV for the first time; TF1 will broadcast all five of its channels, showing live sports and more
Gian Volpicelli / Bloomberg:
The European Commission accuses Chinese marketplace AliExpress of failing to tackle the spread of illegal products on its platform, in preliminary DSA findings
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