Cory Weinberg / The Information:
Source: Databricks has told investors it is looking to raise $7B to $9B at a ~$61B valuation, to cash out employees that hold restricted stock units — Good afternoon from Las Vegas, where I’m writing this newsletter from a hotel room with a Strip view of the Encore, the hotel where bankers …
Amazon says Amazon Music Unlimited subscribers in the US, the UK, and Canada can now listen to one audiobook per month from Audible’s catalog for free (Ivan Mehta/TechCrunch)
Ivan Mehta / TechCrunch:
Amazon says Amazon Music Unlimited subscribers in the US, the UK, and Canada can now listen to one audiobook per month from Audible’s catalog for free — Amazon said on Tuesday that it will let Amazon Music Unlimited subscribers access one audiobook per month from Audible’s catalog for free.
Qualcomm expects its automotive and IoT businesses to drive combined revenues of $22B by FY 2029, including $8B from automotive chips and $4B from PC chips (Ian King/Bloomberg)
Ian King / Bloomberg:
Qualcomm expects its automotive and IoT businesses to drive combined revenues of $22B by FY 2029, including $8B from automotive chips and $4B from PC chips — Qualcomm Inc., the world’s biggest seller of smartphone processors, is expecting its push into new markets to generate …
A bipartisan US congressional commission on US-China relations proposes a Manhattan Project-style initiative to fund the development of AGI systems (Reuters)
Reuters:
A bipartisan US congressional commission on US-China relations proposes a Manhattan Project-style initiative to fund the development of AGI systems — A U.S. congressional commission on Tuesday proposed a Manhattan Project-style initiative to fund the development of AI systems that will be as smart …
After a report that Trump’s “Department of Government Efficiency” is considering a free tax-filing app, Intuit shares closed down 5.1% and H&R Block down 8.2% (CJ Haddad/CNBC)
CJ Haddad / CNBC:
After a report that Trump’s “Department of Government Efficiency” is considering a free tax-filing app, Intuit shares closed down 5.1% and H&R Block down 8.2% — The stock prices for H&R Block and Intuit fell after a report Tuesday said Trump’s government efficiency team is considering creating a free tax-filing app.
Trump picks Howard Lutnick, CEO of Cantor Fitzgerald, which has been a custodian for stablecoin company Tether since 2021, to serve as his Commerce Secretary (Helene Braun/CoinDesk)
Helene Braun / CoinDesk:
Trump picks Howard Lutnick, CEO of Cantor Fitzgerald, which has been a custodian for stablecoin company Tether since 2021, to serve as his Commerce Secretary — Lutnick, whose Cantor Fitzgerald has been a custodian for Tether since 2021, has been a vocal proponent of bitcoin and USDT for years.
Source: Microsoft reaches a deal with News Corp’s HarperCollins to use nonfiction titles to train AI models; HarperCollins says authors can opt out (Bloomberg)
Bloomberg:
Source: Microsoft reaches a deal with News Corp’s HarperCollins to use nonfiction titles to train AI models; HarperCollins says authors can opt out — – Nonfiction books will be used for training AI models — AI companies and publishers have butted heads in lawsuits
Google ships the first developer preview of Android 16, far ahead of schedule vs. the past few years, hoping to lower fragmentation by giving partners more time (Ivan Mehta/TechCrunch)
Ivan Mehta / TechCrunch:
Google ships the first developer preview of Android 16, far ahead of schedule vs. the past few years, hoping to lower fragmentation by giving partners more time — Google is releasing the first developer preview of Android 16 to speed up feature rollouts in devices.
Google rolls out a “memory” feature for Gemini Advanced subscribers for the web app that remembers a user’s interests and preferences (Kyle Wiggers/TechCrunch)
Kyle Wiggers / TechCrunch:
Google rolls out a “memory” feature for Gemini Advanced subscribers for the web app that remembers a user’s interests and preferences — Google’s Gemini chatbot can now remember things like info about your life, work, and personal preferences. — As flagged by posters on X …
Meta is forming a new product group to build AI tools for businesses, led by Clara Shih, most recently the CEO of Salesforce AI (Sara Fischer/Axios)
Sara Fischer / Axios:
Meta is forming a new product group to build AI tools for businesses, led by Clara Shih, most recently the CEO of Salesforce AI — – Shih will be responsible for developing and monetizing tools within Meta’s AI portfolio that are catered specifically to businesses.
