Minimalist News

AI Summary

A recent MIT study highlights the cognitive effects of using AI assistants like ChatGPT, suggesting users may accumulate 'cognitive debt' as reliance on these tools increases.
OpenAI has secured a significant $200 million contract with the U.S. Department of Defense to develop advanced AI capabilities, a move that may intensify competition with Microsoft, which also aims to provide AI services to the DoD.
Amazon's CEO announced anticipated job reductions due to the increasing efficiency brought about by AI automation, indicating a broader trend of workforce transformations within the tech industry.
In the realm of social media, Meta is shifting all video content on Facebook to a 'reels' format, aiming to streamline user engagement and content sharing under a unified system.
The Senate has passed the GENIUS Act, establishing a federal regulatory framework for stablecoins, reflecting the growing acceptance of the cryptocurrency sector among policymakers.

TechCrunch

After Shopify bought his last startup, Birk Jernström wants to help developers build one-person unicorns techcrunch.com 3 hours ago by Anna Heim
Startups, Fundraising, Shopify, Polar, Tictail, low code development
With Polar as their ‘Merchant of Record’ responsible for handling billing and taxes, developers can sell online products and SaaS subscription…
Police shut down Cluely’s party, the ‘cheat at everything’ startup techcrunch.com 10 hours ago by Julie Bort
AI, TC, cluely, san francsisco, Y Combinator
The latest San Francisco startup culture drama happened on Monday night. And it occurred over “the most legendary party that never happened."
Sam Altman says Meta tried and failed to poach OpenAI’s talent with $100M offers techcrunch.com 10 hours ago by Maxwell Zeff
AI, Meta, OpenAI, sam altman
OpenAI CEO Sam Altman said that Meta tried to poach its employees with nine-figure offers, but failed to recruit OpenAI's best people.
OpenAI’s $200M DoD contract could squeeze frenemy Microsoft techcrunch.com 12 hours ago by Julie Bort
AI, Government & Policy, TC, dod, Microsoft, OpenAI
The contract could put the model maker in competition with the OpenAI services that Microsoft wants to sell to the DoD.
EVs dominate the most American-made cars index and it’s not just because of Tesla techcrunch.com 12 hours ago by Kirsten Korosec
Transportation, electric vehicles, EVs, Kia, Tesla, volkswagen
Tesla, Kia, and Volkswagen took six of the top 10 spots in the 2025 American-Made Index, which ranks vehicles built and bought in the U.S.
Google’s Gemini panicked when playing Pokémon techcrunch.com 12 hours ago by Amanda Silberling
AI, Claude, gemini, Google, pokemon
AI companies are battling to dominate the industry, but sometimes they’re also battling in Pokémon gyms. As Google and Anthropic both study ho…
A comprehensive list of 2025 tech layoffs techcrunch.com 12 hours ago by Cody Corrall, Alyssa Stringer, Kate Park
Startups, Venture, Layoffs, tech layoffs, TechCrunch 2023 Recap, evergreens
A complete list of all the known layoffs in tech, from Big Tech to startups, broken down by month throughout 2024.
Amazon expects to reduce corporate jobs due to AI techcrunch.com 12 hours ago by Rebecca Szkutak
Enterprise, AI, Amazon, Andy Jassy, artificial intelligence, In Brief
Amazon CEO Andy Jassy expects that AI automations will both change how people work and change the number of people needed.
Meta is reportedly building AI smart glasses with Prada, too techcrunch.com 13 hours ago by Maxwell Zeff
AI, Hardware, AI smart glasses, In Brief, Meta, prada
Meta is reportedly working on a pair of AI smart glasses with Prada.
Tumblr’s content-filtering systems have been falsely flagging posts as ‘mature,’ users blame AI techcrunch.com 13 hours ago by Sarah Perez
Apps, Social, moderations, social media, tumblr
Tumblr users are complaining that content is being falsely labeled as mature, the latest tech company to grapple with automated flagging and t…
Unlock purpose-driven growth at TechCrunch All Stage, and get $210 off for 6 more days techcrunch.com 14 hours ago by TechCrunch Events
Startups, Venture, Fundraising, TC All Stage, TechCrunch All Stage, TechCrunch All Stage 2025
T-minus 6 days until TechCrunch All Stage ticket prices rise. From now until June 22 at 11:59 p.m. PT, founders save $210 and investors save $…
Applied Intuition raises $600M as it pushes further into defense techcrunch.com 15 hours ago by Sean O'Kane
Fundraising, Startups, Transportation, fundraising, defense, autonomous vehicles, applied intuition, dual-use
The buzzy AI-powered autonomous vehicle software company doubles its valuation from last year -- and then some.
Facebook announces that all videos on its platform will soon be shared as reels techcrunch.com 15 hours ago by Aisha Malik
Apps, Social, Facebook, reels
Facebook announced on Tuesday that all videos on its platform will soon be shared as reels, regardless of their length or orientation.
Intel to lay off up to 20% of Intel Foundry workers techcrunch.com 15 hours ago by Rebecca Szkutak
AI, Enterprise, Intel, chips, Layoffs, semiconductor, AI chips, tech layoffs, In Brief
Rumors of these layoffs began back in April as Intel looks to refocus on its core business units and shed additional bloat.
Pro-Israel hacktivist group claims responsibility for alleged Iranian bank hack techcrunch.com 15 hours ago by Lorenzo Franceschi-Bicchierai
Security, TC, cybersecurity, hacktivism, hacktivist, iran, Israel, Predatory Sparrow
The apparent cyberattack comes as Israel and Iran engage in a days-long escalating military conflict.
In just 3 months, Ramp’s valuation jumped to $16B, up from $13B techcrunch.com 16 hours ago by Julie Bort
Fintech, Startups, Founders Fund, In Brief, Ramp
Spend management startup Ramp announced on Tuesday that it raised a $200 million Series E led by its largest investor, Founders Fund.
Anysphere launches a $200-a-month Cursor AI coding subscription techcrunch.com 16 hours ago by Maxwell Zeff
AI, ai coding, Anysphere, cursor, vibecoding
Anysphere launched a new $200-a-month subscription plan for its popular AI coding tool, Cursor, the company announced in a blog post on Monday…
Threads expands open social web integrations with fediverse feed, user profile search techcrunch.com 16 hours ago by Sarah Perez
Apps, Social, TC, fediverse, social media, Threads
Posts from federated users will be found on the Following tab of the Threads app.
Waymo robotaxis are pushing into even more California cities techcrunch.com 16 hours ago by Kirsten Korosec
Transportation, autonomous vehicles, robotaxi, Waymo
Waymo is expanding its commercial robotaxi service area by another 80 square miles, a move that brings its driverless vehicles into new parts …
Streaming viewership exceeded cable and broadcast combined for the first time last month, report says techcrunch.com 16 hours ago by Aisha Malik
Apps, Media & Entertainment, streaming
Last month, streaming services accounted for 44.8% of all television viewership, their largest share to date.