| Omkar Godbole / CoinDesk: |
Nasdaq-listed Bitcoin Depot, North America's largest bitcoin ATM operator, files for bankruptcy, blaming “increasingly stringent compliance obligations” — Bitcoin Depot, the largest bitcoin ATM operator in North America and publicly listed on Nasdaq, has filed for Chapter 11 bankruptcy.| Simon Sharwood / The Register: |
In his weekly Linux kernel post, Linus Torvalds says “AI tools are great” but duplicate bug reports have made the security list “almost entirely unmanageable” — Multiple researchers using the same tools to find the same bugs are creating ‘unnecessary pain and pointless work’| Jay Peters / The Verge: |
Sony is hiking the starting price of one-month and three-month PlayStation Plus subscriptions in “select regions”, blaming “ongoing market conditions” — One-month and three-month PlayStation Plus subscriptions are getting more expensive.| Theo Baker / New York Times: |
A college senior at Stanford describes how AI has changed classes: cheating using AI “has become omnipresent” with students “fudging just about everything” — At Stanford University, where I am a senior, tech chief executives are something like rock stars.| Yoolim Lee / Bloomberg: |
Samsung's shares jumped as much as 6.7% after the company resumed talks with its union and a court partially granted an injunction against illegal union actions — Samsung Electronics Co.'s shares climbed more than 6% after its union signaled a willingness to negotiate and a local court granted … | Golnar Motevalli / Bloomberg: |
Iranian media: Iran launches “Hormuz Safe”, a Bitcoin-backed insurance service for shipping companies transiting the Strait of Hormuz; ~1,500 ships are trapped — Iran has started a Bitcoin-backed insurance service for shipping companies that want to transit the Strait of Hormuz … | Todd Spangler / Variety: |
Amazon's Alexa+ now produces AI-generated “podcasts” on various topics in the US, featuring chats between two AI “co-hosts”, using content from media outlets — The podcast sector suddenly may have a big new player: Amazon's Alexa+ AI-powered voice assistant.| John Markoff / New York Times: |
Security researcher Peter G. Neumann, who criticized the industry's lax attitudes toward computer security and digital privacy, died on May 17 at the age of 93 — For decades, he criticized the industry's lax attitudes toward both computer security and individual digital privacy. And he developed solutions.| Lauren Edmonds / Business Insider: |
Eric Schmidt faced loud boos during his University of Arizona commencement speech while discussing “rational” fears over the impact of AI and automation on jobs — - Former Google CEO Eric Schmidt gave the University of Arizona's commencement address this year.| Carmen Arroyo / Bloomberg: |
Internal chats: in March, xAI offered employees $420 in exchange for completed tax filings as training data for Grok, but the bonuses haven't been paid out — Elon Musk's xAI asked employees earlier this year to offer up their own tax returns as training data for the company's Grok chatbot … | Alessandra Ram / Wired: |
How the AI industry's intense pressure to keep up and its financial rewards are creating “walls of resentment” between Silicon Valley workers and their spouses — Are you married to a man who's obsessed with AI? I'm so, so sorry. — If i had to listen to another minute … | Emily Birnbaum / Bloomberg: |
How gambling companies like FanDuel and DraftKings, as well as Meta and a16z's founders, are pouring millions into state-level election campaigns via super PACs — With Congress largely stalemated, companies turn to states to gain leverage over regulations.| James Hunt / The Block: |
Strategy acquired 24,869 bitcoin for ~$2.01B at an $80,985 average price from May 11 to May 17, taking its holdings to 843,738 BTC, or 4%+ of the total supply — Quick Take — Strategy has purchased another 24,869 BTC for approximately $2.01 billion at an average price of $80,985 per bitcoin … | Financial Times: |
Sources: Anthropic agrees to brief the Financial Stability Board on global financial system vulnerabilities found by Mythos, after a request by the FSB's Chair — US tech group will discuss capabilities of its new AI model with members of the Financial Stability Board| Emily Forgash / Bloomberg: |
NextEra's $67B deal to buy Dominion, the largest utility merger in US history, signals a new era of utility consolidation to accommodate AI-driven power demand — NextEra Energy Inc. just announced the largest utility acquisition in US history, a $67 billion deal for rival Dominion Energy Inc. … | Flavia Rotondi / Bloomberg: |
The Vatican says Anthropic co-founder Christopher Olah will join Pope Leo on May 25 to launch the pope's first encyclical, setting out his views on the AI age — Pope Leo XIV's launch of his first encyclical focusing on artificial intelligence next week will feature an unexpected guest: Christopher Olah, co-founder of Anthropic.| Terrence O'Brien / The Verge: |
Microsoft says it's retiring Teams' Together Mode, debuted in 2020, and plans to simplify meeting layouts and focus on video quality, stability, and performance — The company wants to focus on improving video quality and performance instead of gimmicks.| Wall Street Journal: |
Sources: US authorities in recent months have issued multiple information requests to Kalshi and Polymarket, many tied to wagers on events in Iran and Venezuela — Regulators are seeking information from Kalshi and Polymarket over wagers tied to political events and military operations| Reuters: |
Arkham: Iran's largest crypto exchange, Nobitex, processed $2.3B+ since 2023 via Tron and BNB Chain, including $23M+ since the Iran war started in February — Iran's Nobitex has processed at least $2.3 billion through Tron and BNB Chain, blockchain ledgers started by backers of the Trump family's World Liberty Financial.| Fred Lambert / Electrek: |
After EV maker Fisker's collapse, ~4,000 car owners formed a nonprofit to keep their cars working by reverse-engineering software and building open-source tools — When Fisker Inc. filed for Chapter 11 bankruptcy in June 2024, it left roughly 11,000 Ocean SUV owners holding the keys to vehicles … | Tracy Qu / Wall Street Journal: |
Baidu reports Q1 revenue down 1.1% YoY to ~$4.7B, above ~$4.5B est., and net income down 55% YoY to ~$506.6M, above ~$462.5M est., amid a slow AI payoff — First-quarter net profit fell 55% from a year earlier — Baidu recorded another sharp profit drop and a fourth straight quarter …
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