Omnibus Week Of 06/09

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Do people know when they’re using the MetaAI app, it’s public? Chime had a successful IPO so let me tell you about my IPO-meter. The financials behind that fully-AI commercial running during the NBA playoffs. More signs stablecoins are taking over, but in the Longreads, do stablecoins represent a unique danger to the global financial system?

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Links:

• The Meta AI app is a privacy disaster (TechCrunch)
• Meta Risks Regulatory Scrutiny in Pursuit of Scale AI (Bloomberg)
• Apple Targets Spring 2026 for Release of Delayed Siri AI Upgrade (Bloomberg)
• Chime pops 37% in Nasdaq debut after pricing IPO above expected range (CNBC)
• Walmart and Amazon Are Exploring Issuing Their Own Stablecoins (WSJ)
• Here’s the $2,000 fully AI-generated ad that aired during the NBA Finals (The Verge)

Weekend Longreads Suggestions:

• Why we should worry about the rise of stablecoins (FT)
• Nintendo Switch 2 review: bigger, faster, and the best handheld since Game Boy (The Shortcut)

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

I explain how and why exactly this big Meta investment in Scale AI came about. Hollywood sues AI in a big way for the first time. A look at how stablecoins have mainstreamed crypto at long last. And episode number 205 of the long running series: we blew up traditional TV just to rebuild it.

Links:

• Meta to Pay Nearly $15 Billion for Scale AI Stake and Startup’s 28-Year-Old CEO (The Information)
• Disney, NBCU sue Midjourney over copyright infringement (Axios)
• Wikipedia Pauses AI-Generated Summaries After Editor Backlash (404Media)
• How stablecoins are entering the financial mainstream (Financial Times)
• EXCLUSIVE: Amazon Doubles Prime Video Ads to 6 Minutes Per Hour (AdWeek)

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.