Reading List

The most recent articles from a list of feeds I subscribe to.

A look at AI companies' lobbying push, as well as the GOP's pitch, for the amendment to ban state-level AI regulation, added to the budget reconciliation bill (Brian Merchant/Blood in the Machine)

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UnitedHealth's Optum is developing an AI-powered risk scoring system for Medicare patients that does not rely solely on physician-submitted diagnosis codes (Bob Herman/STAT)

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Critics question Meta's Louisiana datacenter plans for three new power plants; Meta's carbon footprint is up from 2020, when it pledged 2030 net-zero emissions (Justine Calma/The Verge)

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Big Tech companies are firing staff who organize protests and rejecting petitions, even as a poor job market discourages worker activism, once ubiquitous in SV (Washington Post)

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Wallets of ~100 of 220 TRUMP coin dinner attendees, and ~17 of 25 VIPs, have parted with nearly all their TRUMP after being chosen based on holdings to May 12 (Wired)

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Stord, a logistics startup serving over 500 mid-market e-commerce brands, raised an $80M Series E led by Strike Capital at a $1.5B valuation and $120M in debt (Allie Garfinkle/Fortune)

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Galaxy Digital, which has traded on the Toronto Stock Exchange since 2020, started trading on the Nasdaq on Friday under the ticker GLXY; the stock closed up 4% (MacKenzie Sigalos/CNBC)

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Michael Novogratz says Galaxy Digital is in talks with the US SEC about tokenizing its own stock as well as other equities using its digital-asset platform (Olga Kharif/Bloomberg)

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Source: Cohere crossed an annualized revenue of $100M as of May 2025, following a strategic shift in Q3 2024 to focus on customers in sectors like finance (Echo Wang/Reuters)

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Sources: Binance and Kraken have been targeted by the same type of social engineering hack recently disclosed by Coinbase, but were able to fend off the attacks (Bloomberg)

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An Alabama man is sentenced to 14 months in prison for hacking SEC's X account in 2024 and posting a false announcement that the SEC had approved bitcoin ETFs (Sarah Wynn/The Block)

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Sources: OpenAI is expected to be a primary anchor tenant for a 5-gigawatt UAE data center, which could become one of the world's largest at 10 square miles (Bloomberg)

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SEC filing: Los Angeles-based Moonvalley, which is developing AI tools for video creation, raised $53M, bringing its total funding to about $124M, per PitchBook (Kyle Wiggers/TechCrunch)

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The FCC approves Verizon's $9.6B acquisition of Frontier Communications after Verizon agreed to pare back what Brendan Carr called "invidious" DEI practices (Kelcee Griffis/Bloomberg)

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Apple denies removing Fortnite from alternative marketplaces in the EU and says it asked Epic Sweden to resubmit the app update excluding the US App Store (Mark Gurman/Bloomberg)

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Anthropic received a $2.5B, five-year revolving credit line, and says annualized revenue reached $2B in Q1 2025, up from $1B in Q1 2024 (Hayden Field/CNBC)

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xAI publishes system prompts for Grok on GitHub, including telling Grok to be "extremely skeptical" and not to "blindly defer to mainstream authority or media" (Emma Roth/The Verge)

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Klarna CEO says its AI agent now handles two-thirds of customer service chats, an equivalent of 800 jobs, but Klarna is hiring workers for higher-end chats (Alex Kantrowitz/Big Technology)

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Spotify adjusts its "plays" metric for podcasts to only appear on episodes with at least 50K plays, updating at specific milestones, like 100K or 1M plays (Amanda Silberling/TechCrunch)

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Nvidia says it won't send GPU designs to China to be modified to comply with export controls, after a report said it is planning a research center in Shanghai (CNBC)

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