Techmeme
May 12, 2025, 8:45 AM
 

May 12, 2025

8:10 AM  •
Reuters:  Chinese government data: Chinese shipments of foreign-branded cellphones, including iPhones, dropped by 49.6% YoY to 1.887M in March 2025
7:45 AM  •
Steven Scheer / Reuters:  Israeli quantum computing startup Classiq raised a $110M Series C led by Entree Capital, taking its total funding to $173M since its 2020 founding
7:20 AM  •
Dominic Preston / The Verge:  Honor launches a free AI image-to-video generator powered by Google's Veo 2 in the Honor 400 and 400 Pro, shipping May 22; Veo 2 is limited to paid Gemini plans
7:05 AM  •
New York Times:  How President Trump is leveraging the US' dominance in AI chips to secure strategic deals with Middle Eastern oil-rich countries like Saudi Arabia and the UAE
6:35 AM  •
Bloomberg:  Sources: SoftBank and OpenAI's $100B Stargate investment hits snags on tariff fears; talks with dozens of lenders started earlier in 2025 have yielded no deals
6:14 AM  •
Wall Street Journal:  Sources: Apple considers raising prices for its fall iPhone lineup, a step it is seeking to couple with new features and design changes, without blaming tariffs
6:00 AM  •
Financial Times:  How India aims to become a regional data center hub, leveraging its low energy pricing and AI-skilled workforce; power supply constraints pose a major challenge
4:20 AM  •
Financial Times:  The US and China agree to a deal to lower tariffs for the next 90 days, a sign of easing tensions; the US plans to cut tariffs on Chinese goods from 145% to 30%
3:55 AM  •
Cecilia D'Anastasio / Bloomberg:  A profile of HoYoverse, the creator of Genshin Impact, which is exploring new game genres as its titles begin to cannibalize each other and revenue growth slows
1:30 AM  •
Tage Kene-Okafor / TechCrunch:  Cairo-based Nawy, Africa's largest proptech platform combining listings with brokerage services, raised a $52M Series A led by Partech Africa
12:50 AM  •
Alex Wilkins / New Scientist:  A look at Foresight, an AI model trained on anonymized NHS data from 57M people in England, which could help predict diseases or forecast hospitalization rates

May 11, 2025

8:50 PM  •
Ernesto Van der Sar / TorrentFreak:  How OpenDNS, Cloudflare, and Google responded to EU court orders to block DNS resolution for pirate sites; OpenDNS left France and Belgium instead of complying
5:45 PM  •
Jo Constantz / Bloomberg:  A look at “AI-native” startups, which integrate AI into their workflows and team structures, allowing them to operate with fewer employees and consolidate tasks
3:15 PM  •
Will Knight / Wired:  Singapore unveils a blueprint for global collaboration on AI safety, developed in consensus with researchers and experts from the US, China, and other countries
1:00 PM  •
Lulu Garcia-Navarro / New York Times:  Q&A with Whitney Wolfe Herd on returning as Bumble CEO, Tinder's lawsuit, being bullish about using AI in dating apps, funding for female founders, and more
10:25 AM  •
Nicole Kobie / Wired:  As the consumer metaverse falters, the World Economic Forum projects the industrial metaverse will reach $100B by 2030, led by platforms like Nvidia Omniverse
9:35 AM  •
Financial Times:  Sources: OpenAI is negotiating with Microsoft to enable a future IPO; Microsoft is offering to cut its equity stake for access to OpenAI's tech beyond 2030
6:05 AM  •
Tyler Cowen / Conversations with Tyler:  Q&A with Anthropic co-founder Jack Clark on the parts of the economy AGI will affect last, why he's relatively bearish on AI-fueled economic growth, and more
2:00 AM  •
Nicholas Kristof / New York Times:  Court filing: internal Pornhub documents show it had 706K videos in May 2020 flagged for child rape or other problems, often not removed until flagged 16+ times
1:40 AM  •
Benj Edwards / Ars Technica:  CMU researchers unveil LegoGPT, an AI model that designs physically stable Lego structures from text prompts and currently supports eight standard brick types
1:25 AM  •
Vishal Singh / Silicon Canals:  London-based StackOne, which develops tech to integrate SaaS products and AI agents with enterprise systems more efficiently, raised a $20M Series A led by GV
1:10 AM  •
FinSMEs:  Thoma Bravo invests $100M+ in HubSync, a Tennessee-based tax and accounting automation and client experience platform for accounting firms and tax professionals
12:50 AM  •
Financial Times:  Lloyd's of London insurers launch a product to cover companies for losses if they are sued over AI chatbot errors, with policies developed by YC-backed Armilla
12:40 AM  •
Harsh Upadhyay / Entrackr:  US SEC filing: Vanguard marks down Ola's valuation to $1.25B, a drop of 80%+ from a 2021 peak of $7.3B, as the ride-hailing company loses market share in India
12:10 AM  •
Mike Wheatley / SiliconANGLE:  Amsterdam-based AppSignal, which develops an app monitoring tool that it says is used by 2,000+ organizations, raised a $22M Series A led by Elsewhere Partners

May 10, 2025

11:55 PM  •
Scott Macfarlane / CBS News:  The Trump administration fired US Copyright Office head Shira Perlmutter; her office had raised concerns about xAI using copyrighted content to train AI
11:10 PM  •
Marianne Lavelle / Inside Climate News:  Sources: the Trump admin plans to end Energy Star, a voluntary program started in 1992 to promote energy savings, initially aimed at PCs, monitors, and printers
8:55 PM  •
Erin Brodwin / Axios:  TSOLife, whose software is in use in 1,300 senior living facilities in 47 US states, raised a $43M Series B led by PeakSpan, bringing its total funding to $52M
6:55 PM  •
Charles Daly / Bloomberg:  Klarna, which said in 2024 that AI was doing the work of 700 customer service agents, starts hiring remote workers after the AI approach led to “lower quality”
4:55 PM  •
Cheyenne MacDonald / Engadget:  The FTC pushes the enforcement of its “click-to-cancel” rule requiring businesses to make canceling subscriptions as easy as signing up, from May 14 to July 14
3:50 PM  •
Ben Bergman / Business Insider:  Source: Tel Aviv-based AI21 Labs, which is building its own LLMs and launched an AI orchestration system in March, is raising a $300M Series D
2:40 PM  •
Kyle Wiggers / TechCrunch:  Ramp: 32.4% of US businesses using Ramp cards had OpenAI subscriptions in April, up from 28% in March; Google AI subscriptions fell to 0.1% in April
1:30 PM  •
Chris Welch / The Verge:  Q&A with Sonos interim CEO Tom Conrad on the disastrous app redesign, the Ace headphones, subscriptions, the canceled video player, Google, and more
12:15 PM  •
Lauren Kent / CNN:  Pope Leo XIV says he chose his name to honor Pope Leo XIII's work during the first industrial revolution, as AI poses challenges in a new industrial revolution
11:10 AM  •
Financial Times:  The UK stopped asking Uber to pay VAT on the full cost of rides, instead collecting VAT only on its commission, after a setback in a similar dispute with Bolt
9:35 AM  •
Bloomberg:  A look at Microsoft's Threat Intelligence Center, staffed largely by ex-intelligence and military personnel, which has become a key pillar of US cyber defense
6:35 AM  •
Kyle Wiggers / TechCrunch:  A study finds that asking LLMs to be concise in their answers, particularly on ambiguous topics, can negatively affect factuality and worsen hallucinations
2:30 AM  •
Bloomberg:  A profile of OpenAI's CEO of Applications Fidji Simo, who is tasked with broadening ChatGPT amid a straining Microsoft relationship and a battle with Elon Musk
2:10 AM  •
Jessica Mathews / Fortune:  The Trump administration's plan to cut the budget of the NSF, considered key to US tech leadership, by about 57% to $3.9B is alarming the startup and VC sector
1:55 AM  •
Rebecca Szkutak / TechCrunch:  ServiceNow agrees to acquire cloud-native data catalog and data governance startup Data.World, which had raised over $130M and was valued at $350M in 2022
1:40 AM  •
Stuart Condie / Wall Street Journal:  US real estate analytics provider CoStar agrees to acquire Domain, an Australian property listings website that competes with News Corp's REA, for about $1.92B
12:40 AM  •
Kyle Wiggers / TechCrunch:  SoundCloud quietly changed its policies to allow the company to use audio uploaded by users on its platform to “inform, train, develop or serve as input to AI”
12:30 AM  •
Reuters:  Japan's NTT, which owns 57.7% of IT services provider and data center operator NTT Data, launches a $16.4B take-private tender offer to buy the remaining stake
12:10 AM  •
Natalie Lung / Bloomberg:  How the three largest US gig economy companies, Lyft, DoorDash, and Uber, are aggressively expanding into Europe and Turkey through acquisitions

May 9, 2025

11:55 PM  •
Kyle Wiggers / TechCrunch:  Datadog acquires Eppo, which offers feature flagging and app experimentation tools, reportedly for $220M; Eppo had raised $47.5M and was valued at $80M in 2022
10:45 PM  •
Conor Hale / Fierce Biotech:  The US FDA plans to deploy AI tools to all centers by June 30, 2025 to speed up scientific reviews, after completing a pilot and naming its first AI chief
10:15 PM  •
David Heaney / UploadVR:  Meta unveils AssetGen 2.0, an AI system that generates higher quality 3D assets compared to AssetGen 1.0, rolling out to Horizon creators later in 2025
9:45 PM  •
Ben Thompson / Stratechery:  Q&A with SAP CEO Christian Klein on data security, Databricks partnership, building a “social network for B2B”, positioning SAP as a neutral player, and more
7:35 PM  •
Ryan Autullo / Bloomberg Law:  Google agrees to pay Texas $1.4B to settle two lawsuits claiming it tracks Texans' personal location and maintains their facial recognition data without consent
7:30 PM  •
Eli Tan / New York Times:  Pinterest agrees to pay $34.7M to settle a 2021 lawsuit from Christine Martinez, an early adviser who claimed she co-created the platform without compensation
7:10 PM  •
Dan Mangan / CNBC:  Google agrees to pay Texas $1.4 billion data privacy settlement
6:45 PM  •
Nancy Scola / Politico:  A profile of Gail Slater, the head of the DOJ's antitrust unit who has become the leader of the MAGA antitrust movement over Big Tech “censorship” concerns
5:15 PM  •
Danai Nesta Kupemba / BBC:  President Claudia Sheinbaum says Mexico is suing Google for ignoring requests not to call the Gulf of Mexico the Gulf of America on Google Maps in the US
5:05 PM  •
Olga Kharif / Bloomberg:  Brian Armstrong says Coinbase considered allocating 80% of its balance sheet into bitcoin but decided against the scheme as it was too risky
4:40 PM  •
Sri Muppidi / The Information:  Sources: Snowflake challenger ClickHouse is in talks to raise hundreds of millions led by Khosla Ventures at a $6B valuation, triple its valuation from 2021
4:20 PM  •
Victoria Song / The Verge:  After a backlash, Whoop says members with more than 12 months remaining are now automatically eligible for a free upgrade to 5.0
3:25 PM  •
Charles Rollet / TechCrunch:  Source: US DOL ended its probe into Scale AI's Fair Labor Standards Act compliance, after announcing a friendlier approach to classifying workers as contractors
3:05 PM  •
Emily Birnbaum / Bloomberg:  Tech companies warn they may pull back from US investment pledges if Congress doesn't fully reinstate the R&D tax deduction pared back in Trump's 2017 tax bill
2:40 PM  •
Jonathan Stempel / Reuters:  Google agrees to pay $50M to settle a lawsuit accusing it of systemic racial bias against Black employees, covering 4,000+ employees in California and New York
2:25 PM  •
Reed Albergotti / Semafor:  Sources: the US Treasury asked Benchmark whether its Manus AI funding is covered by restrictions on investments in tech destined for “countries of concern”
1:12 PM  •
Mary Ann Azevedo / TechCrunch:  Rippling raised a $450M Series G at a $16.8B valuation, up from $13.4B during its $200M Series F in 2024; it is also conducting a $200M tender offer
12:55 PM  •
Zac Hall / 9to5Mac:  Epic Games says it has submitted Fortnite to the US App Store for review
12:30 PM  •
MK Manoylov / The Block:  Coinbase Derivatives, the company's CFTC-regulated derivatives arm, launches 24/7 Bitcoin and Ethereum futures trading for retail and institutional users
11:50 AM  •
Victoria Song / The Verge:  Whoop launches Whoop 5.0, its latest screenless wearable, including a medical grade version with Healthspan, showing users how they are aging physiologically
10:15 AM  •
Tripp Mickle / New York Times:  How Apple's extraordinary measures to keep its App Store commissions after the Epic v. Apple trial led to a civil contempt ruling and weakened its credibility
8:35 AM  •
David K. Li / NBC News:  A US judged sentenced an Arizona man to the maximum 10.5 years in prison after his deceased victim gave the court an impact statement via an AI-generated video
7:25 AM  •
Financial Times:  Sources: CoreWeave plans to raise ~$1.5B through a high-yield bond offering, aiming to refinance part of its massive liabilities just weeks after its muted IPO
6:45 AM  •
Sarah Perez / TechCrunch:  Appfigures estimates Apple made $10.1B in revenue from US App Store commissions in 2024, up from $4.8B in 2020, $6.7B in 2021, $7.4B in 2022, and $8.8B in 2023
5:40 AM  •
Taryn Plumb / VentureBeat:  How The Ottawa Hospital cut clinician burnout by 70% using Microsoft's DAX Copilot, which captures physician-patient conversations and generates clinical notes
4:35 AM  •
Yuki Furukawa / Bloomberg:  Panasonic says it will cut 10,000 jobs, or 4%+ of its staff, 5,000 in Japan and 5,000 overseas, and expects ~$895M in restructuring charges this fiscal year
2:05 AM  •
Coco Feng / South China Morning Post:  Huawei teases its first laptop running HarmonyOS 5, after its Windows license for PCs expired in March 2025, and plans a full reveal on May 19

May 8, 2025

11:05 PM  •
Scharon Harding / Ars Technica:  Broadcom is sending cease-and-desist letters to owners of VMware perpetual licenses with expired support contracts, to push them to buy VMware product bundles
9:30 PM  •
Karissa Bell / Engadget:  Meta brings its Account Status feature to Threads, letting users see when the company has removed or demoted their posts or handed out other account penalties
9:00 PM  •
Michael Nuñez / VentureBeat:  Alibaba researchers detail ZeroSearch, a technique that allows LLMs to develop advanced search capabilities via simulation, claiming it cuts costs by up to 88%
8:00 PM  •
Chris Cameron / New York Times:  Trump threatens to end the Digital Equity Act, a Biden-era law aimed at expanding high-speed internet access, calling it “racist” and “totally unconstitutional”
7:30 PM  •
Reinhardt Krause / Investor's Business Daily:  Cloudflare reports Q1 revenue up 27% YoY to $479.1M, vs. $469.3M est., and forecasts Q2 revenue of $500M to $501M, vs. $500.4M est.; NET jumps 5%+
6:30 PM  •
Washington Post:  Senate hearing: Sam Altman says that requiring government approval to release AI would be “disastrous” for the US' lead in AI, a reversal from his 2023 comments
5:30 PM  •
Kirsten Korosec / TechCrunch:  US SEC filing: Sterling Anderson, CPO and co-founder of self-driving truck startup Aurora, is resigning effective June 1, and will leave the board on August 31
5:15 PM  •
Helene Braun / CoinDesk:  Coinbase Q1: revenue up 23% YoY to $2B, vs. $2.1B est., net income down 94% YoY to $66M, trading volume up 26% YoY to $393B, and $0.24 EPS, vs. $1.93 est.
4:40 PM  •
MacKenzie Sigalos / CNBC:  Affirm reports Q3 revenue up 36% YoY to $783M, vs. $783M est., GMV up 36% YoY to $8.6B, above $8.2B est., and forecasts Q4 revenue below est.; AFRM drops 5%+
4:35 PM  •
Akash Sriram / Reuters:  Lyft reports Q1 revenue up 14% YoY to $1.45B, vs. $1.47B est., and increases its share buyback program to $750M after activist pressure; LYFT jumps 20%+
4:30 PM  •
Samantha Subin / CNBC:  Palantir's valuation hit $281B after its shares closed up 7.85% on May 8, surpassing Salesforce and joining the top 10 largest US tech companies by market cap
4:23 PM  •
Jonathan Vanian / CNBC:  Pinterest reports Q1 revenue up 16% YoY to $855M, vs. $847M est., MAUs up 10% YoY to 570M, and forecasts Q2 revenue above estimates; PINS jumps 10%+
3:45 PM  •
Chris Dolmetsch / Bloomberg:  A US judge sentences Celsius founder and former CEO Alex Mashinsky to 12 years in prison, after he pleaded guilty to commodities fraud and misleading investors
3:25 PM  •
Paige Smith / Bloomberg:  Memo: the US CFPB discontinues its order designating the supervision of Google Payment, saying the Biden-era decision is “an unwarranted use” of its powers
3:15 PM  •
Fortune:  Sources: Meta is talking to crypto firms about introducing stablecoins for managing payouts, and in January 2025 hired a VP of product with crypto experience
3:05 PM  •
Steven T. Dennis / Bloomberg:  Senate Democrats block the Genius Act for stablecoins after Republicans rebuffed barring Trump and others from profiting off of crypto ventures while in office
2:30 PM  •
Sarah Perez / TechCrunch:  Meta says it will start testing video ads on Threads with a “small number” of advertisers, and “Reels trending ads”, which will be shown next to trending Reels
1:45 PM  •
Chris Vallance / BBC:  The Wikimedia Foundation says it is taking legal action to challenge the UK's Online Safety Act, saying it could threaten the safety of its volunteer editors
1:35 PM  •
Aisha Malik / TechCrunch:  Google rolls out AI-powered defenses to help combat scams on Chrome, including by using Gemini Nano, its on-device LLM, in Enhanced Protection mode on desktop
1:00 PM  •
Mark Gurman / Bloomberg:  Sources: Apple aims to have TSMC mass produce a chip for its smart glasses, with greater power efficiency and multi-camera control, by end of 2026 or in 2027
12:55 PM  •
Gaby Del Valle / The Verge:  A federal judge in Florida dismisses most claims against celebrities who endorsed FTX, ruling that they were “uninformed” and “reckless” but not fraudulent
12:50 PM  •
Paul Sandle / Reuters:  The UK says the Digital Services Tax remains unchanged under the trade deal agreed between the US and the UK, both of which will work on a “digital trade deal”
12:20 PM  •
Riley Griffin / Bloomberg:  Robert Fergus, who co-founded FAIR with Yann LeCun in 2014, will lead Meta's Fundamental AI Research lab, succeeding Joelle Pineau
12:15 PM  •
Marina Temkin / TechCrunch:  Sales automation startup Clay lets staff with 1+ year of tenure sell shares in a tender led by Sequoia at a $1.5B valuation, up from $1.25B in January 2025
11:55 AM  •
Tanaya Macheel / CNBC:  Bitcoin jumps above $100,000 for first time since February 2025, after President Trump announced a US-UK trade agreement; ether, dogecoin, and solana rose 9%+
11:40 AM  •
Ernie Smith / Fast Company:  An interview with Gumroad CEO Sahil Lavingia about working as an unpaid contractor for DOGE, moving the Gumroad code base to the MIT license, and more
10:45 AM  •
Washington Post:  Analysis: 67K+ new or small-time crypto investors bought the $TRUMP memecoin but 80% of them bought near the coin's peak and saw their holdings' value nosedive
9:41 AM  •
Lauren Thomas / Wall Street Journal:  Coinbase agrees to acquire Dubai-based Deribit, the world's biggest trading platform for BTC and ETH options, for ~$2.9B, split as $700M in cash and 11M shares
9:02 AM  •
David Wallace-Wells / New York Times:  Q&A with Bill Gates on closing the Gates Foundation on December 31, 2045, donating ~$200B, President Trump, Elon Musk, AI drug discovery, AI advances, and more
8:40 AM  •
Victoria Kennedy / Eurogamer.net:  Palworld developer Pocketpair says a 2024 update was due to “ongoing litigation” and a new update is “yet another compromise”, as it disputes Nintendo's claims
8:15 AM  •
Natalie Lung / Bloomberg:  Match says it will cut 13% of its staff and reports Q1 revenue down 3% YoY to $831M, above est., and paying users down 5% to 14.2M, below est.; MTCH drops 9.6%
7:55 AM  •
Reuters:  SMIC reports Q1 revenue up 28.4% YoY to $2.2B, vs. $2.3B est., profit up 161.9% YoY to $188M, vs. $222.4M est., and says H2 has “opportunities and challenges”
7:45 AM  •
Lawrence Abrams / BleepingComputer:  The LockBit ransomware gang has suffered a data breach, with 59,975 BTC addresses and 4,442 negotiation messages leaked, and posted on its dark web site
7:30 AM  •
Spencer Soper / Bloomberg:  Shopify reports Q1 revenue up 27% YoY to $2.36B, above $2.34B est., and GMV up 23% YoY to $74.75B, as investors struggle to determine the trade war's impact
7:10 AM  •
Yuri Kageyama / Associated Press:  Nintendo reports FY 2024-25 revenue down 30% YoY to ~$8B, profit down 43% YoY to ~$1.9B, and says the Switch has 128M+ players globally eight years after launch
6:25 AM  •
Bloomberg:  Analysis: ~66% of US data center projects built or in development since 2022 are in areas with high water stress, with five states having 72% of new facilities
6:10 AM  •
Dana Hull / Bloomberg:  Memphis says xAI is using Tesla's 150MW Megapack batteries to shore up its Colossus supercomputer; xAI spent ~$230M on them from January 2024 to February 2025
5:55 AM  •
Andrew Webster / The Verge:  Rockstar says its second Grand Theft Auto VI trailer was “captured entirely in-game from a PlayStation 5, comprised of equal parts gameplay and cutscenes”
5:40 AM  •
Rebecca Bellan / TechCrunch:  Reddit CEO Steve Huffman says Reddit will work with “various third-party services” to verify a user's humanity, after an unauthorized AI persuasion experiment
4:55 AM  •
Danny Park / The Block:  The US OCC says banks can buy and sell customers' crypto assets on their behalf and can outsource crypto custody and trade execution services to third parties
4:40 AM  •
Financial Times:  The European Commission is facing pressure from member states, led by Ireland, to force Google, Meta, and others to vet financial ads on social media for scams
4:25 AM  •
Takashi Mochizuki / Bloomberg:  Nintendo projects Switch 2 sales will reach 15M units for the fiscal year ending March 2026, below 16.8M est., and ~$2.2B in annual operating profit, below est.
4:15 AM  •
Mike Isaac / New York Times:  OpenAI says board member Fidji Simo will lead its business and operations teams in her new role as CEO of Applications, overseeing sales, marketing, and finance
4:05 AM  •
Bloomberg:  Source: Fidji Simo will oversee several OpenAI executives who previously reported to Altman, including COO Brad Lightcap, CFO Sarah Friar, and CPO Kevin Weil
3:55 AM  •
Maggie Harrison / Futurism:  How “AI slop farmer” Jesse Cunningham targets older women on Pinterest and Facebook with AI-generated copies of content from real bloggers and creators
3:35 AM  •
Tobias Mann / The Register:  IBM survey of 2,000 CEOs from 33 countries: 25% of AI initiatives have delivered the expected ROI over the past few years, and 16% have scaled enterprise wide
2:55 AM  •
Simon Hill / Wired:  A look at Silence Speaks, a British startup that has built an AI-powered sign language avatar capable of accurately translating text to British Sign Language
2:45 AM  •
Charlotte Yang / Bloomberg:  The Taiwan dollar's sharpest rally against the US dollar in nearly 40 years raises concerns about the competitiveness and earnings of Taiwanese tech companies
2:30 AM  •
Kevin Purdy / Ars Technica:  An interview with curl project founder Daniel Stenberg, who likens “AI slop” in HackerOne submissions to a DDoS attack, echoing Seth Larson and others' concerns
1:40 AM  •
Fidji Simo / Instacart Corporate Blog:  Instacart CEO Fidji Simo tells employees that she is leaving in a couple of months, the new CEO will be a management team member, and she will stay on as Chair
1:35 AM  •
OpenAI:  OpenAI hires Instacart CEO Fidji Simo as CEO of Applications, reporting to Sam Altman, who says he will remain CEO and focus on research, compute, and safety
1:26 AM  •
Sam Altman / @sama:  so excited that @fidjissimo is joining openai in a new role: ceo of applications, reporting to me. i'll remain ceo of openai, but in this new configuration i'll be able to increase my focus on research, compute, and safety. these are critical as we approach superintelligence.
1:15 AM  •
David Shepardson / Reuters:  Prepared testimony: Microsoft and other AI leaders urge US senators to streamline federal AI energy permits and open more government datasets for AI training
1:10 AM  •
Daniel Cancel / Bloomberg:  Latin American e-commerce and fintech giant MercadoLibre reports Q1 revenue up 37% YoY to $5.9B, $494M in net income, and Argentina revenue up 125% YoY to $1.3B
1:05 AM  •
Alexander Marrow / Reuters:  Nebius Group's Toloka, which uses human experts to train and evaluate AI models and has worked with Amazon and Anthropic, raised $72M led by Bezos Expeditions

May 7, 2025

11:30 PM  •
Mark Gurman / Bloomberg:  Eddy Cue's disclosure of Apple's plan to shift its browser to AI systems had a clear goal: downplaying the importance of Apple's existing Google Search deal
10:50 PM  •
Kritika Lamba / Reuters:  Bumble reports Q1 revenue down 7.7% YoY to $247.1M, in line with $246.2M est., with Bumble app paying users falling ~1% YoY to 2.7M; BMBL jumps ~7%
10:15 PM  •
The Keyword:  Google says it is continuing to see “overall query growth in Search”, including “an increase in total queries coming from Apple's devices and platforms”
9:20 PM  •
Bloomberg:  Filing: Apple seeks to pause part of the April 30 Epic v. Apple US court order that blocks it from charging commissions on transactions outside the App Store
8:55 PM  •
Julie Bort / TechCrunch:  WisdomAI, which offers AI-powered data analytics from structured, unstructured, and “dirty” data, launches with a $23M seed led by Coatue Ventures
8:25 PM  •
Reuters:  TPG and Corpay agree to acquire North Carolina-based payment processing software provider AvidXchange for $2.2B, with Corpay investing ~$500M for a 33% stake
7:35 PM  •
Ben Schoon / 9to5Google:  Samsung plans to debut the Galaxy S25 Edge at a May 12 virtual event on YouTube at 8pm ET, and those who reserve the super-slim device now will get a $50 credit
7:00 PM  •
Mary Ann Azevedo / TechCrunch:  Stripe announces an AI foundation model for payments, plans for stablecoin-powered accounts, a new Orchestration offering, a recent Nvidia migration, and more
6:30 PM  •
Kyle Wiggers / TechCrunch:  Anthropic adds web search to its API, starting at $10 per 1,000 searches, giving Claude 3.7 Sonnet, 3.5 Sonnet, and 3.5 Haiku access to up-to-date information
6:00 PM  •
Reuters:  Alibaba partners with RedNote, also known as Xiaohongshu, to allow users on RedNote to directly click on product links to shop on Alibaba's Taobao platform
5:30 PM  •
Jonathan Vanian / CNBC:  AppLovin reports Q1 revenue up 40% YoY to $1.48B, vs. $1.38B est., net income up 144% to $576M, and forecasts Q2 revenue below est.; APP jumps 13%+
5:25 PM  •
Bloomberg:  The US Commerce Department says it will rescind the Biden-era “AI diffusion rule” to limit AI chip exports from May 15, replacing it “with a much simpler rule”
5:20 PM  •
Neil Long / Mobilegamer.biz:  AppLovin agrees to sell its mobile gaming business to UK-based Tripledot for $400M in cash and a ~20% stake in Tripledot, in a deal expected to close in Q2 2025
4:50 PM  •
Wired:  Sources: OpenAI employees met with the US FDA and two DOGE associates multiple times in recent weeks to discuss cderGPT, a project likely around drug evaluation
4:35 PM  •
Ian King / Bloomberg:  Arm reports Q4 revenue up 34% YoY to $1.24B, vs. $1.23B est., royalty revenue up 18% to $607M, and forecasts Q1 revenue below est.; ARM drops 8%+
4:10 PM  •
Washington Post:  Sources: DOGE plans to build a centralized database with troves of personal info about millions of US residents, violating or disregarding security protocols
3:50 PM  •
Muyao Shen / Bloomberg:  Sources: Robinhood plans a blockchain-based platform to let retail investors in Europe trade US securities, and considered partnerships with Arbitrum and Solana
3:25 PM  •
Washington Post:  Internal messages show how during trade negotiations, the US State Department pushed nations facing tariffs to clear regulatory hurdles for SpaceX's Starlink
2:20 PM  •
The Information:  Sources: Meta is once again considering facial recognition for its smart glasses and other devices, after abandoning the idea over ethical concerns in 2021
1:35 PM  •
MacKenzie Sigalos / CNBC:  Senator Blumenthal says the Permanent Subcommittee on Investigations opened an inquiry into Trump's crypto empire, calling his memecoin dinner “pay-for-play”
1:05 PM  •
Ivan Mehta / TechCrunch:  Figma releases AI-powered tools to take on Canva and Adobe: Figma Sites for creating sites, Figma Make for app prototypes, and Figma Buzz for marketing assets
12:55 PM  •
Jess Weatherbed / The Verge:  Samsung subsidiary Harman has agreed to acquire Masimo's audio division, which includes the Bowers & Wilkins, Denon, and Polk Audio brands, for $350M
12:40 PM  •
Lauren Forristal / TechCrunch:  Netflix unveils its ChatGPT-powered search that lets users express preferences using natural phrases, rolling out this week to iOS users as an opt-in beta
12:33 PM  •
Mike Scarcella / Reuters:  A US court rejects the FTC's legal challenge to Microsoft's $69B Activision Blizzard acquisition, upholding a lower court ruling that denied an injunction
12:25 PM  •
Kyle Wiggers / TechCrunch:  Microsoft says it will support Google's Agent2Agent spec, known as A2A, in Azure AI Foundry and Copilot Studio and will join A2A's working group on GitHub
11:31 AM  •
Bloomberg:  US v. Google: Eddy Cue says Apple is “actively looking at” revamping Safari for AI search, and that in April searches fell for the first time; GOOG dropped 7.5%
10:55 AM  •
James D. Walsh / New York Magazine:  How ChatGPT and other AI tools enable systemic cheating in college, unravelling the entire academic project; one student says “the ceiling has been blown off”
10:35 AM  •
Ingrid Lunden / TechCrunch:  Tel Aviv-based Sett, which builds AI agents to create and run mobile game marketing content, emerges from stealth and raised $27M, including a $15M Series A
10:20 AM  •
Kyle Wiggers / TechCrunch:  Mistral releases Medium 3, which it says focuses on efficiency without compromising performance, for $0.40 per 1M input tokens, and launches Le Chat Enterprise
10:05 AM  •
Fabian Cambero / Reuters:  AWS says it will invest $4B to build its first data centers and cloud infrastructure in Chile, set to open in H2 2026, and try to use water just 4% of the year
8:50 AM  •
Bloomberg:  Analysis: the majority of the top 220 holders of President Trump's memecoin likely reside outside the US, ahead of a May 22 dinner; Justin Sun likely holds $18M

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