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Techmeme
June 5, 2024, 6:05 PM
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Top News

Kif Leswing / CNBC:
Nvidia hits a $3T market cap and passes Apple as the second most valuable public US company, behind Microsoft  —  Nvidia passed Apple in market cap on Wednesday as investors continue betting on the chipmaker behind the artificial intelligence boom.  It is now the second-most valuable public company, behind Microsoft.
Kurt Wagner / Bloomberg:
The Greater Memphis Chamber says xAI plans to develop a new facility in Memphis to house a supercomputer and could receive tax breaks and other incentives  —  - Startup could receive tax breaks and other business incentives  — New facility would come on the heels of $6 billion fundraising
Wes Davis / The Verge:
Humane tells Ai Pin owners that they should “immediately” stop using the charging case, citing issues with a battery cell that “may pose a fire safety risk”  —  Humane is telling AI Pin owners today that they should “immediately” stop using the charging case that came with its AI gadget.
Mark Gurman / Bloomberg:
A look at Apple's OpenAI deal before WWDC; sources say Apple plans to offer AI features as an opt-in service, and is working on two LLM-powered robotic devices  —  An OpenAI agreement is due to be announced at the Apple's developer conference next week.  —  When a 23-year-old Sam Altman took …
Bloomberg:
How a series of hacks, including a recent ransomware attack, show the challenges facing the UK's NHS, which employs 1.7M workers and cares for 68M UK residents  —  - Health care is the most-targeted industry for cyber extortion  — Latest attack targeted a “life-critical” supplier to UK's NHS
Paul Sawers / TechCrunch:
SAP plans to acquire Tel Aviv-based WalkMe, which helps users navigate other software UIs, for $1.5B in cash; WalkMe had raised ~$300M before its June 2021 IPO  —  Enterprise software giant SAP is acquiring “digital adoption” platform provider WalkMe in an all-cash transaction worth $1.5 billion.
Tom Warren / The Verge:
Google is acquiring software virtualization company Cameyo to deeply integrate virtualized Windows app support into ChromeOS, after a partnership in April 2023  —  Google is acquiring software virtualization company Cameyo in a push to deeply integrate virtualized Windows app support into ChromeOS.
Will Shanklin / Engadget:
Twitch says its Twitch Tier 1 subscriptions in the US will increase from $4.99 per month to $5.99 per month on July 11, the first price hike for US subscribers  —  Monthly Tier 1 memberships will go up by $1 in July.  —  Twitch is joining Spotify, Max, Peacock, Crunchyroll …
Sage D. Young / Unchained:
Coinbase launches its smart wallet, which uses passkeys instead of seed phrases and works without app or extension installs, in a move to simplify onboarding  —  The launch of Coinbase's smart wallets, which don't require seed phrases or the downloading of a browser extension or an application …
Nduka Orjinmo / Bloomberg:
In a letter, 16 Republican lawmakers accused Nigeria of taking Binance executive Tigran Gambaryan “hostage” and urged President Biden to help secure his release  —  - Tigran Gambaryan was detained on a trip to Nigeria in February  — Binance, Gambaryan face charges including aiding tax evasion
Joanna Stern / Wall Street Journal:
Apple plans to fix another Screen Time bug that lets kids visit X-rated websites; two researchers say they reported the bug to Apple in March and August 2021  —  Apple's Screen Time continues to be marred by bugs that let its youngest users circumvent parental controls
Reuters:
Duolingo deletes LGBTQ+ references in Russia after being warned by the country's communications regulator that the content is classed as “extremism”  —  Language learning app Duolingo (DUOL.O) has deleted references in Russia to what Moscow calls “non-traditional sexual relations” …
Upmanyu Trivedi / Bloomberg:
The UK's Competition Appeal Tribunal rules that a class action lawsuit against Google over allegations the company abused its digital ad dominance can proceed  —  London judges ruled a class action lawsuit to proceed against Google potentially seeking billions of pounds in damages over allegations …
Ryan Weeks / Bloomberg:
Paxos International, a UAE-based affiliate of Paxos, launches Lift Dollar, or USDL, a stablecoin pegged to the US dollar that will pay a ~5% yield to holders  —  - The Lift Dollar is issued by new affiliate Paxos International  — USDL will pay a yield to holders equal to about 5% per annum
Simon Sharwood / The Register:
Australia's eSafety commissioner ends the legal action asking X to remove a video of a clergyman's stabbing; Musk labelled the action an assault on free speech  —  Australia's eSafety commissioner has ended legal action that aimed to compel social network X to take down a video depicting …
Shakeel Hashim / Transformer:
Former OpenAI researcher Leopold Aschenbrenner says he was fired in April 2024 for writing a memo to the board over concerns about OpenAI's security practices  —  Leopold Aschenbrenner also said he was interrogated about his team's “loyalty to the company”  —  Leopold Aschenbrenner …
Kevin Roose / New York Times:
Current and former OpenAI and Google DeepMind staff sign an open letter warning of a culture of recklessness and secrecy at “frontier AI companies”

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 6:05 PM ET, June 5, 2024.

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

Mark Stenberg / Adweek:
Source: the Los Angeles Times had a roughly $50M loss in 2024, following a $30M loss in 2023, and has lost about 25,000 paid subscribers since September 2024

The Guardian:
A reconstruction of the events that led to Ukrainian reporter Victoria Roshchyna's detention and death in Russia; forensics suggest “numerous signs of torture”

Benjamin Mullin / New York Times:
The Corporation for Public Broadcasting sues the Trump administration, accusing it of illegally trying to fire three members of its board on April 28

More News

Yogita Khatri / The Block:
M^0, a decentralized stablecoin minting protocol, raised a $35M Series A led by Bain Capital Crypto; the round was structured as equity plus tokens
Bloomberg:
Japanese crypto exchange DMM Bitcoin plans to raise ~$321M to buy back bitcoin and make users whole after an “unauthorized outflow” of 4,503 bitcoin on May 31
Olivia Solon / Bloomberg:
How Uganda's government under President Yoweri Museveni has increasingly used the country's biometric identity system to target opponents and consolidate power
Joseph Cox / Wired:
An excerpt from the book Dark Wire, which details how the biggest FBI sting operation ran the Anøm encrypted phone company to surveil criminals in Europe

Earlier Picks

Saritha Rai / Bloomberg:
Twelve Labs, which provides foundational models to help users search and analyze troves of video, raised a $50M Series A co-led by NEA and Nvidia's NVentures
Wall Street Journal:
Sources: Joe Benarroch, X's head of business operations and one of Linda Yaccarino's closest advisers, is leaving; his style rubbed colleagues the wrong way
Jordan Novet / CNBC:
Databricks plans to acquire Tabular, a data management startup that helps companies optimize data stored in the Apache Iceberg format and others, for $1B+
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