Techmeme
May 13, 2025, 5:20 AM
 

May 13, 2025

5:15 AM  •
Bloomberg:  Beijing-based Meituan says it plans to spend $1B over five years to bring its food delivery service Keeta to Brazil, after a Saudi Arabia rollout in 2024

May 12, 2025

10:20 PM  •
Christopher Tepedino / Cointelegraph:  US SEC Chair Paul Atkins says blockchains could enable novel securities use cases and “policymaking will no longer result from ad hoc enforcement actions”
9:10 PM  •
Abrar Al-Heeti / CNET:  Galaxy S25 Edge hands-on: sturdy, thin design is a breath of fresh air, and many specs match the S25, but the 3,900 mAh battery is down from the S25's 4,000 mAh
8:55 PM  •
Angus Loten / Wall Street Journal:  Theom, which helps businesses safeguard and track sensitive data, raised a $20M Series A led by Wing VC, after an oversubscribed $16.4M seed in late 2022
8:40 PM  •
Bloomberg:  Samsung unveils the $1,100+ Galaxy S25 Edge, which is 5.8mm thick and weighs 163g, making it 30% thinner and 25% lighter than the S25 Ultra, arriving on May 30
7:50 PM  •
Lauren Goode / Wired:  In the age of deepfakes, some people are using tactics like asking rapid-fire questions or sharing code words with each other to verify identity online
6:50 PM  •
Emma Roth / The Verge:  Ticketmaster says it will now show the full price of a ticket up front, ahead of the US FTC's ban on junk fees, which goes into effect on May 12
5:30 PM  •
Colin Campbell / Axios:  E-commerce logistics startup Cart.com raised $50M at $1.6B valuation, says it is on track to cross $500M in revenue in 2025, and plans more acquisitions
5:27 PM  •
Ari Levy / CNBC:  Coinbase will join the S&P 500, replacing Discover Financial Services, effective before trading on May 19; COIN jumps 10%+
5:26 PM  •
Kirsten Korosec / TechCrunch:  GM names Aurora co-founder and CPO Sterling Anderson as VP of global product and chief product officer, a newly created position at GM, starting on June 2
4:00 PM  •
New York Times:  Sources: the US government is considering a sale of hundreds of thousands of US AI chips to the UAE's G42, and is set to sign a deal with Saudi Arabia's Humain
3:40 PM  •
Abner Li / 9to5Google:  Google is updating its “G” icon for the first time in 10 years, with its four colors now blending together on a gradient
2:55 PM  •
Bloomberg:  CrowdStrike CEO George Kurtz disclosed last month that he had gifted $1B+ worth of CrowdStrike stock to undisclosed recipients, cutting his voting power to 2.5%
2:35 PM  •
Kyle Wiggers / TechCrunch:  Google's Gemma models passed 150M downloads and 70K+ variants on Hugging Face, after launching in February 2024; Llama passed 1.2B downloads in April 2025
2:30 PM  •
Mark Gurman / Bloomberg:  Sources: Apple is planning an AI-powered battery management mode for iOS 19 that analyzes how a person uses their phone and makes adjustments to conserve energy
2:10 PM  •
Ateev Bhandari / Reuters:  American Bitcoin, a bitcoin miner backed by Donald Trump Jr. and Eric Trump, says it will list on the Nasdaq via an all-stock merger with Gryphon Digital Mining
1:40 PM  •
Kritika Lamba / Reuters:  Chegg reports Q1 subscribers down 31% YoY to 3.2M, and will lay off 248 employees, or ~22% of its staff, to cut costs as students keep turning to AI tools
1:15 PM  •
PYMNTS.com:  Financial guidance service Stash raised a $146M Series H, has 1.3M paying subscribers, and its recently launched Money Coach AI has had 2.2M user interactions
1:06 PM  •
Axios:  President Trump issues an EO to cut the de minimis tariff on China shipments to 54% from 120%, with the $100 minimum flat fee set to remain, effective May 14
12:50 PM  •
Alex Weprin / The Hollywood Reporter:  Amazon says Prime Video's ad tier now reaches 130M+ US customers and the company plans AI-powered tools for advertisers on Amazon including contextual ad copy
12:16 PM  •
Berber Jin / Wall Street Journal:  Sources: Perplexity is in advanced talks to raise $500M led by Accel in a round that values it at $14B, up from $9B in November 2024
10:06 AM  •
Financial Times:  Saudi Arabia launches Humain, a multibillion-dollar AI company chaired by Crown Prince Mohammed bin Salman, the main vehicle to drive the kingdom's AI strategy
9:45 AM  •
Anton Shilov / Tom's Hardware:  Senator Tom Cotton introduces a bill to mandate that AI chip makers use geo-tracking tech to comply with export rules, taking effect six months after it passes
8:10 AM  •
Reuters:  Chinese government data: Chinese shipments of foreign-branded cellphones, including iPhones, dropped by 49.6% YoY to 1.887M units in March 2025
7:45 AM  •
Steven Scheer / Reuters:  Tel-Aviv based quantum computing startup Classiq raised a $110M Series C led by Entree Capital, taking its total funding since its 2020 founding to $173M
7:20 AM  •
Dominic Preston / The Verge:  Honor unveils a free AI image-to-video generator powered by Google's Veo 2, first in the Honor 400 and 400 Pro, which ship from May 22; Google limits Veo 2 use
7:05 AM  •
New York Times:  The Trump administration appears more interested than Biden's was in striking AI chip deals in the Middle East, where Trump has deep financial and business ties
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 prices and AI-skilled workforce; the power grids' capacity is 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 Genshin Impact creator HoYoverse, which is exploring new game genres as its titles begin to cannibalize each other and its revenue declined in 2024
1:30 AM  •
Tage Kene-Okafor / TechCrunch:  Cairo-based Nawy, Africa's largest proptech platform, which combines property 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 the DNS resolution of pirate sites; OpenDNS left France and Belgium rather than comply
5:45 PM  •
Jo Constantz / Bloomberg:  How “AI-native” startups, which integrate AI into their workflows and team structures, are trying to scale faster 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's CEO, her Tinder 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 stumbles, 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 launch a future IPO; Microsoft is offering to cut its equity stake for access to OpenAI's new 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 using copyrighted content to train AI models
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 US FTC delays the start of its “click-to-cancel” rule that requires companies 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

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