| Joanna Stern / Joanna Stern's Newsletter: |
OpenAI says ChatGPT Pro users can select old models for now but plans to deprecate them in 60 days; Sam Altman says Plus users will be able to keep using GPT-4o — Mourning the model that knew you best. … RIP, ChatGPT 4o and the rest of the crew. — I won't say I'm deeply attached to GPT-4o, OpenAI's previous main model.| Michael Kan / PCMag: |
With GPT-5's launch, OpenAI has removed its older models from the ChatGPT model selector for some users, sparking backlash from them — ‘They have completely ruined ChatGPT,’ one user complains. Some are even canceling their paid subscriptions to ChatGPT, claiming GPT-5 is inferior to the company's previous models.| Fortune: |
Sources: Trump's World Liberty Financial is seeking to raise $1.5B to launch a publicly traded crypto treasury company that would hold its WLFI token and cash — Eric Trump (left) and Donald Trump Jr. on stage in May at the Bitcoin 2025 conference in Las Vegas.| Yoolim Lee / Bloomberg: |
South Korean AI chip design firm DeepX partners with Baidu on industrial AI projects, as sources say it is preparing to raise a round above its $79M Series C — South Korean AI chip designer DeepX Co. has hired Morgan Stanley to assist with a round of capital-raising ahead of a potential initial public offering in 2027.| Sidhartha Shukla / Bloomberg: |
Despite stablecoins reaching $5T in transaction volumes in 2025, their promise of cheaper cross-border payments is hampered by persistent foreign exchange costs — Even as stablecoins enter a period of peak expectations, veterans in wider fintech circles see limitations to the tokens as an emerging payments tool.| Ashley Belanger / Ars Technica: |
Tech trade groups CTA and CCIA back Anthropic's appeal of a court ruling allowing a copyright class action, fearing big settlements could chill AI investment — AI industry groups are urging an appeals court to block what they say is the largest copyright class action ever certified.| New York Times: |
An analysis of over 1M words of conversation between a ChatGPT user and ChatGPT shows how chatbots can lead ordinarily rational people to spiral into delusion — Over 21 days of talking with ChatGPT, an otherwise perfectly sane man became convinced that he was a real-life superhero.| Financial Times: |
Sources: the US has started issuing licenses to Nvidia to export H20 chips to China following weeks of inaction, after Jensen Huang met Trump on Wednesday — Jensen Huang personally lobbied president after he reversed course on sale of H20 chips — The US commerce department … | Financial Times: |
The precise scale of Apple's pledge to invest $600B+ in the US over four years is difficult to measure, as the company has not provided a breakdown of its plan — Tech giant promised Donald Trump hundreds of billions of spending — but the real scale is difficult to measure| Bloomberg: |
The controversy involving Tokyo Electron over alleged TSMC IP theft comes at a low point for the company, after order cancellations and a lull in Chinese demand — A Taiwanese investigation into the possible theft of chip technology at Taiwan Semiconductor Manufacturing Co. is putting a low-profile … | Luke Kawa / Sherwood News: |
Analysis: Nvidia has the biggest weight in the S&P 500 of any individual stock since 1981 and the highest P/E as the index's top stock since Microsoft in 1999 — Nvidia is a milestone magnet. — Less than one month after becoming the first publicly traded company to reach $4 trillion in market cap … | Reuters: |
Experts say TCS' decision to cut 12K jobs signals the start of an AI-fueled trend that could eliminate ~500K jobs in India's $283B IT sector within three years — Indian outsourcing giant Tata Consultancy Services' (TCS.NS) decision to cut over 12,000 jobs signals the start of a broader AI-fueled trend … | Kate Clark / Bloomberg: |
Sources: Periodic Labs, which is building AI for material science, is raising $200M led by a16z, valuing the company at $1B before the investment — Venture firm Andreessen Horowitz has agreed to lead a $200 million investment in Periodic Labs, a new startup building artificial intelligence … | Isabelle Bousquette / Wall Street Journal: |
Silver Lake unveils a $400M project to secure powered land for data center developers; it has secured 3GW of power and is developing sites in Texas and Georgia — The private-equity firm is looking to bundle land parcels with power availability, which it said is now the biggest obstacle to data-center development
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