Friendly advice or brand promotion?

ShopMy turns everyone into an influencer seeking a commission ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Here’s your wrap of the latest must-read tech news. For more expansive and analytical coverage from around the globe, get the Tech In Depth newsletter. Market Snapshot Oracle Corp. $201.26 -2.2% Sea Ltd. $82.44 -2.9% Taiwan Semiconductor Manufacturing Co. NT$2,255.00 -2.2% Market data as of 07:57 PM ET. Data is subject to provider delays. Your watchlist Top Stories TSMC revenue: The Taiwanese chipmaker reported a 30% rise in monthly sales, reflecting enduring demand for cutting-edge semiconductors amid an AI infrastructure boom. Read more about the results here. Funky gadget: Logitech’s newest mouse doesn’t look like one at first glance — it folds up into a square that’s small enough to fit inside a pocket. Take a closer look at the quirky device. Tech layoffs: Sea’s Shopee is cutting hundreds of developer jobs globally, joining industry rivals in slashing staff while they adopt AI in the workplace and develop new services based on the technology. The reductions amount to about 8% of Shopee’s developer workforce. Top Reads UK Unrest Highlights Elon Musk’s Role in Anti-Migrant Protests While Elon Musk prepares for SpaceX’s initial public offering this week — poised to be the biggest ever — he’s also been keeping up a politically-charged side hustle: fomenting far-right protests in the UK. Microsoft Has an Answer to Anti-AI Boos From the Class of 2026 In recent weeks, the Class of 2026 has made its displeasure with AI abundantly clear, loudly booing speakers touting the technology during commencement speeches. Oracle Falls After Data Center Costs Overshadow AI Growth Oracle Corp. shares declined in extended trading after the company reported quarterly capital expenses that were higher than estimates, raising investor concerns about the profitability of the AI infrastructure business. Beyond The Brief The social site ShopMy offers people a chance to become part-time paid influencers who can get commissions from products bought through their recommendations, Alexandra S. Levine reports in today’s Tech In Depth. But what once seemed like simple advice from friends and acquaintances now takes on the tinge of shadowy brand promotion, she writes. Get the Tech In Depth newsletter for analysis and scoops about the business of technology from Bloomberg’s journalists around the world. This Week In Cyber Bulletin A federal researcher says the idea of putting safeguards on AI systems may not be possible, Katrina Manson reports in this week’s Cyber Bulletin. There’s always a way to prompt an AI system to break its rules, raising a potential warning sign for the military’s use of the technology, according to the researcher at the National Institute of Standards and Technology, she writes. Sign up for the Cyber Bulletin newsletter for exclusive coverage inside the shadow world of hackers and cyber-espionage ‒ and how businesses are playing defense. Before You Go... Xbox Plans Significant Layoffs as New CEO Plans Overhaul Asha Sharma’s first major cuts will arrive in July Read more We’re improving your newsletter experience and we’d love your feedback. If something looks off, help us fine-tune your experience by reporting it here. Follow Us You received this message because you are subscribed to Bloomberg’s Tech In Brief newsletter. If a friend forwarded you this message, sign up here to get it in your inbox. Unsubscribe Bloomberg.com Contact Us Bloomberg L.P. 731 Lexington Avenue New York, NY 10022 |