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Reuters: Microsoft, Google, CrowdStrike, and Palo Alto plan a public glossary of state-sponsored hacking groups to ease confusion over the spread of unofficial aliases -
Mishaal Rahman / Android Authority: Google is ending PayPal account integration in Google Wallet for US users, effective June 13, after stopping new PayPal account linking in April -
Bloomberg: Sources: Elon Musk is selling $5B in debt for xAI at a double-digit interest rate, with demand already exceeding $3.5B — Vietnam's AI Ambitions Hinge on One $6.8 Billion Tech Company -
Financial Times: Sources: xAI is launching a $300M secondary stock offering that values the group at $113B, allowing staff to sell shares to new investors -
Belle Lin / Wall Street Journal: Snowflake agrees to acquire Crunchy Data, a cloud-based database service that helps businesses and government agencies use PostgreSQL, a source says for ~$250M -
New York Times: Sources: the FTC is investigating whether roughly a dozen advertising and advocacy groups violated antitrust law by coordinating boycotts among advertisers -
Richard Lawler / The Verge: Microsoft announces new Windows changes in response to the DMA for EEA users, including Edge not prompting users to set it as the default unless it is opened -
Thomas Ptacek / Fly: A software developer explains how LLMs, especially AI agents, help automate tedious coding tasks and addresses concerns like hallucinations, job loss, and more -
10 minutes ago Reuters: Sensor Tower: daily US users of PDD Holdings' Temu fell by 58% in May; the US closed the “de minimis” loophole on May 2, and Temu then slashed its ad spending -
Maya Goldman / Axios: FDA debuts agency-wide AI tool meant to help scientific reviewers and others streamline their work and, soon, to identify high-priority targets for inspections -
Michael Acton / Financial Times: Alphabet offers to spend $500M+ over ten years to rebuild its global compliance structure, in a settlement proposal for an antitrust lawsuit from shareholders -
David Streitfeld / New York Times: After Google's two antitrust losses in the past year, a look at critics' claims that its breakup might be better for investors, customers, and innovation -
Jon Brodkin / Ars Technica: ISP Frontier Communications settles a lawsuit from record labels that demanded broadband users accused of piracy be dropped; SCOTUS may hear Cox's similar case -
Belle Lin / Wall Street Journal: Netic, which sells an AI platform that helps home services firms automate client outreach and handle calls, raised $20M from Greylock, Founders Fund, and others -
Virginia Furness / Reuters: Aerones, which makes robots that can service wind turbines in about half the time of humans, raised $62M led by Activate Capital and S2G Investments -
Natalie Lung / Bloomberg: Uber names longtime exec Andrew Macdonald as president and first COO since 2019; SVP of delivery Pierre-Dimitri Gore-Coty is leaving Uber after nearly 13 years -
Edith Hancock / Wall Street Journal: Apple appeals the EU's iOS interoperability order under the DMA, saying the requirements create “a process that is unreasonable, costly, and stifles innovation”