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By
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Rebecca Bellan
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Friday, June 27, 2025
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<p style="margin-bottom: 1em; margin: 0;">
Welcome to TechCrunch PM. This afternoon, we have a deep dive on the AI moratorium, the Equity gang’s thoughts on the future of AI and copyright, and the truth of Meta’s multimillion-dollar plans to woo researchers. We’ve also got Denmark’s shield against deepfakes, Texas’ porn problem, SpaceX’s crane collapse silence, an AI-powered pet spying startup, and more. Let’s go!
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TechCrunch Top 3
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<img alt="American flag with bridge in background" src="https://inboxflows.com/_/image/https%253A%252F%252Fd15k2d11r6t6rl.cloudfront.net%252Fpub%252Fbfra%252F16fcjipy%252F62n%252Fltc%252Fepb%252FAmerican%2520flag.webp/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZkMTVrMmQxMXI2dCIsInRpbWUiOjE3NTEwNjE4OTEuNDg1OTY3fQ:1uVHBj:9GVyi8VKYAn3m-Uy6LGYeHtWZKqLd8qmnH_PFV28iFk" style="display: block; height: auto; border: 0; width: 100%;" title="American flag with bridge in background" width="598"/>
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<p style="margin-bottom: 1em; margin: 0;">
<strong>
Image Credits:
</strong>
Benjamin Fanjoy/Bloomberg / Getty Images
</p>
</div>
</td>
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</tbody>
</table>
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<p style="margin: 0; margin-bottom: 16px;">
<strong>
🛑 AI moratorium:
</strong>
A federal proposal that would ban states from regulating AI for 10 years
<a data-hs-link-id="1" data-hs-link-id-v2="Yp+mv5eO" style="text-decoration: underline; color: #0aa43e;" target="_blank">
could soon be signed into law as part of Trump’s “Big Beautiful Bill.”
</a>
Despite support from AI leaders like Sam Altman and Republicans like Ted Cruz, the provision has received bipartisan criticism, with opponents saying it would block states from passing laws to protect consumers from AI harms and give AI firms the freedom to operate without much oversight.
</p>
<p style="margin: 0; margin-bottom: 16px;">
<strong>
⚖️ You win some, you win some:
</strong>
This week, both Meta and Anthropic scored early wins in court over how their models were trained on copyrighted material. The TechCrunch gang
<a data-hs-link-id="0" data-hs-link-id-v2="ridRxqnq" style="text-decoration: underline; color: #0aa43e;" target="_blank">
discussed the news and other highlights from the week
</a>
on today’s Equity podcast.
</p>
<p style="margin-bottom: 1em; margin: 0;">
<strong>
🤑 We got AI money:
</strong>
While earlier reports that Meta is handing out $100 million signing bonuses to poached AI researchers may not be true, the company is
<a data-hs-link-id="0" data-hs-link-id-v2="G5/Xg2SW" style="text-decoration: underline; color: #0aa43e;" target="_blank">
definitely offering its targets multimillion-dollar pay packages
</a>
to woo them to its superintelligence lab.
</p>
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A Message from GDIT
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Innovation isn’t always flashy. Sometimes, it’s classified.
</span>
</a>
</h1>
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We don’t innovate without intent. We innovate at the speed of change to enhance real-world mission outcomes. GDIT delivers and operates the mission technology and IT systems that underpin our nation’s security, infrastructure, and services.
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<td class="pad" style="padding-bottom:5px;padding-left:30px;padding-right:10px;padding-top:25px;text-align:center;width:100%;">
<h1 style="margin: 0; color: #101112; direction: ltr; font-family: 'Helvetica Neue', Helvetica, Arial, sans-serif; font-size: 28px; font-weight: 700; letter-spacing: normal; line-height: 1.2; text-align: left; margin-top: 0; margin-bottom: 0; mso-line-height-alt: 34px;">
<strong>
Afternoon must-reads
</strong>
</h1>
</td>
</tr>
</tbody>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="image_block block-2" role="presentation" style="mso-table-lspace: 0pt; mso-table-rspace: 0pt;" width="100%">
<tbody>
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<td class="pad" style="width:100%;">
<div align="center" class="alignment">
<div style="max-width: 598px;">
<a data-hs-link-id="0" data-hs-link-id-v2="oj4zjsK0" target="_blank">
<img alt="" src="https://inboxflows.com/_/image/https%253A%252F%252Fd15k2d11r6t6rl.cloudfront.net%252Fpub%252Fbfra%252F16fcjipy%252F9xo%252Fasc%252Fdu2%252Fdenmark%2520copy.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZkMTVrMmQxMXI2dCIsInRpbWUiOjE3NTEwNjE4OTEuNDg2MDk5Mn0:1uVHBj:K6OR-T7R-LHXBGKN5HoJiAucL639IUQW7XcCbtxwtYg" style="display: block; height: auto; border: 0; width: 100%;" title="" width="598"/>
</a>
</div>
</div>
</td>
</tr>
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</table>
<table border="0" cellpadding="0" cellspacing="0" class="paragraph_block block-3" role="presentation" style="mso-table-lspace: 0pt; mso-table-rspace: 0pt; word-break: break-word;" width="100%">
<tbody>
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<p style="margin-bottom: 1em; margin: 0;">
<strong>
Image Credits:
</strong>
SeanPavonePhoto / Getty Images
</p>
</div>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
</table>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row row-12" role="presentation" style="mso-table-lspace: 0pt; mso-table-rspace: 0pt;" width="100%">
<tbody>
<tr>
<td>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row-content stack" role="presentation" style="mso-table-lspace: 0pt; mso-table-rspace: 0pt; background-color: #fafafa; border-bottom: 1px solid #0aa43e; border-left: 1px solid #0aa43e; border-radius: 0; border-right: 1px solid #0aa43e; color: #000000; width: 600px; margin: 0 auto;" width="600">
<tbody>
<tr>
<td class="column column-1" style="mso-table-lspace: 0pt; mso-table-rspace: 0pt; font-weight: 400; text-align: left; padding-bottom: 5px; vertical-align: top;" width="100%">
<table border="0" cellpadding="0" cellspacing="0" class="paragraph_block block-1" role="presentation" style="mso-table-lspace: 0pt; mso-table-rspace: 0pt; word-break: break-word;" width="100%">
<tbody>
<tr>
<td class="pad" style="padding-bottom:25px;padding-left:30px;padding-right:20px;padding-top:10px;">
<div style="color:#101112;direction:ltr;font-family:'Helvetica Neue', Helvetica, Arial, sans-serif;font-size:16px;font-weight:400;letter-spacing:0px;line-height:1.5;text-align:left;mso-line-height-alt:24px;">
<p style="margin: 0; margin-bottom: 16px;">
<strong>
👺 Copyright my face:
</strong>
The Danish government
<a data-hs-link-id="1" data-hs-link-id-v2="AYkBFep7" style="text-decoration: underline; color: #0aa43e;" target="_blank">
has a solution for deepfakes
</a>
— changing copyright law to give its citizens the right to their own body, facial features, and voice.
</p>
<p style="margin: 0; margin-bottom: 16px;">
<strong>
🪪 Gonna need to see some ID:
</strong>
The Supreme Court has ruled to uphold a Texas law requiring porn sites — or sites with “sexual material harmful to minors” — to
<a data-hs-link-id="0" data-hs-link-id-v2="fCOzC8PH" style="text-decoration: underline; color: #0aa43e;" target="_blank">
verify the age of all visitors
</a>
. And not just by checking a box. Users showing up for a good time will need to upload their ID.
</p>
<p style="margin: 0; margin-bottom: 16px;">
<strong>
🔋 Power up:
</strong>
The AI game is really an energy game, and
<a data-hs-link-id="0" data-hs-link-id-v2="R7VnK9lh" style="text-decoration: underline; color: #0aa43e;" target="_blank">
Meta is here to play this week
</a>
with a string of deals that added over 1 gigawatt of generating capacity to its already considerable renewable power portfolio.
</p>
<p style="margin: 0; margin-bottom: 16px;">
<strong>
🏗️ Cranes and crickets:
</strong>
A crane collapsed at SpaceX’s South Texas rocket facility this week, and the
<a data-hs-link-id="0" data-hs-link-id-v2="TareQrh9" style="text-decoration: underline; color: #0aa43e;" target="_blank">
company is acting like nothing happened
</a>
. No acknowledgment of the crash itself or whether anyone was hurt.
</p>
<p style="margin-bottom: 1em; margin: 0;">
<strong>
😐 Creepy:
</strong>
Facebook wants to
<a data-hs-link-id="0" data-hs-link-id-v2="/rmHhptx" style="text-decoration: underline; color: #0aa43e;" target="_blank">
access your phone’s camera roll
</a>
to automatically suggest AI-edited versions of photos, including ones that haven’t yet been uploaded to Facebook. Hard pass.
</p>
</div>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
</table>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row row-13" role="presentation" style="mso-table-lspace: 0pt; mso-table-rspace: 0pt;" width="100%">
<tbody>
<tr>
<td>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row-content stack" role="presentation" style="mso-table-lspace: 0pt; mso-table-rspace: 0pt; border-radius: 0; color: #000000; width: 600px; margin: 0 auto;" width="600">
<tbody>
<tr>
<td class="column column-1" style="mso-table-lspace: 0pt; mso-table-rspace: 0pt; font-weight: 400; text-align: left; vertical-align: top;" width="100%">
<div class="spacer_block block-1" style="height:20px;line-height:20px;font-size:1px;">
</div>
</td>
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</table>
</td>
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</table>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row row-14" role="presentation" style="mso-table-lspace: 0pt; mso-table-rspace: 0pt;" width="100%">
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<td class="column column-1" style="mso-table-lspace: 0pt; mso-table-rspace: 0pt; font-weight: 400; text-align: left; padding-bottom: 5px; padding-top: 5px; vertical-align: top;" width="100%">
<div class="spacer_block block-1" style="height:15px;line-height:15px;font-size:1px;">
</div>
<table border="0" cellpadding="0" cellspacing="0" class="paragraph_block block-2" role="presentation" style="mso-table-lspace: 0pt; mso-table-rspace: 0pt; word-break: break-word;" width="100%">
<tbody>
<tr>
<td class="pad" style="padding-bottom:5px;padding-left:10px;padding-right:10px;padding-top:5px;">
<div style="color:#0aa43e;direction:ltr;font-family:'Helvetica Neue', Helvetica, Arial, sans-serif;font-size:15px;font-weight:400;letter-spacing:0px;line-height:1.2;text-align:left;mso-line-height-alt:18px;">
<p style="margin-bottom: 1em; margin: 0;">
<a data-hs-link-id="0" data-hs-link-id-v2="XQMarCqH" rel="noopener" style="text-decoration: none; color: #0aa43e;" target="_blank">
<strong>
A Message from HSBC
</strong>
</a>
</p>
</div>
</td>
</tr>
</tbody>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="heading_block block-3" role="presentation" style="mso-table-lspace: 0pt; mso-table-rspace: 0pt;" width="100%">
<tbody>
<tr>
<td class="pad" style="padding-bottom:5px;padding-left:10px;padding-right:20px;padding-top:5px;text-align:center;width:100%;">
<h1 style="margin: 0; color: #101112; direction: ltr; font-family: 'Helvetica Neue', Helvetica, Arial, sans-serif; font-size: 24px; font-weight: 700; letter-spacing: normal; line-height: 1.2; text-align: left; margin-top: 0; margin-bottom: 0; mso-line-height-alt: 29px;">
<a data-hs-link-id="1" data-hs-link-id-v2="JsHeniup" rel="noopener" style="text-decoration: none; color: #101112;" target="_blank">
<span class="mce-content-body mce-edit-focus" data-position="180-0-2" data-qa="tinyeditor-root-element" id="64b0d513-6054-4c87-8909-42533add3296" style="word-break: break-word; position: relative;">
The HSBC 2025 Fintech report is here
</span>
</a>
</h1>
</td>
</tr>
</tbody>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="paragraph_block block-4" role="presentation" style="mso-table-lspace: 0pt; mso-table-rspace: 0pt; word-break: break-word;" width="100%">
<tbody>
<tr>
<td class="pad" style="padding-bottom:10px;padding-left:10px;padding-right:30px;padding-top:5px;">
<div style="color:#101112;direction:ltr;font-family:'Helvetica Neue', Helvetica, Arial, sans-serif;font-size:16px;font-weight:400;letter-spacing:0px;line-height:1.5;text-align:left;mso-line-height-alt:24px;">
<p style="margin-bottom: 1em; margin: 0;">
<a data-hs-link-id="2" data-hs-link-id-v2="ZpwcrE7y" rel="noopener" style="text-decoration: none; color: #101112;" target="_blank">
Discover where fintech is headed. Unpack key industry shifts and how they're shaping the global financial ecosystem.
</a>
</p>
</div>
</td>
</tr>
</tbody>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="button_block block-5" role="presentation" style="mso-table-lspace: 0pt; mso-table-rspace: 0pt;" width="100%">
<tbody>
<tr>
<td class="pad" style="padding-bottom:15px;padding-left:10px;padding-right:10px;padding-top:5px;text-align:left;">
<div align="left" class="alignment">
<a data-hs-link-id="3" data-hs-link-id-v2="vIxiInNb" style="color:#ffffff;text-decoration:none;" target="_blank">
<!--[if mso]>
<v:roundrect xmlns:v="urn:schemas-microsoft-com:vml" xmlns:w="urn:schemas-microsoft-com:office:word" href="https://www.hsbcinnovationbanking.com/us/en/resources/fintech-2025-horizons-report?cid=B:DISD:9138624175:9138552227&utm_medium=newsletter&utm_source=tc&utm_campaign=tc_daily_pm" style="height:42px;width:216px;v-text-anchor:middle;" arcsize="0%" fillcolor="#0aa43e">
<v:stroke dashstyle="Solid" weight="0px" color="#0aa43e"/>
<w:anchorlock/>
<v:textbox inset="0px,0px,0px,0px">
<center dir="false" style="color:#ffffff;font-family:sans-serif;font-size:16px">
<![endif]-->
<span class="button" style="background-color: #0aa43e; border-bottom: 0px solid transparent; border-left: 0px solid transparent; border-radius: 0px; border-right: 0px solid transparent; border-top: 0px solid transparent; color: #ffffff; display: inline-block; font-family: 'Helvetica Neue', Helvetica, Arial, sans-serif; font-size: 16px; font-weight: 700; mso-border-alt: none; padding-bottom: 5px; padding-top: 5px; padding-left: 30px; padding-right: 30px; text-align: center; width: auto; word-break: keep-all; letter-spacing: normal;">
<span style="word-break: break-word; line-height: 32px;">
Download the report
</span>
</span>
<!--[if mso]></center></v:textbox></v:roundrect><![endif]-->
</a>
</div>
</td>
</tr>
</tbody>
</table>
<div class="spacer_block block-6" style="height:15px;line-height:15px;font-size:1px;">
</div>
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<tbody>
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<td>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row-content stack" role="presentation" style="mso-table-lspace: 0pt; mso-table-rspace: 0pt; background-color: #fafafa; background-size: auto; border-left: 1px solid #0aa43e; border-radius: 0; border-right: 1px solid #0aa43e; border-top: 1px solid #0aa43e; color: #000000; width: 600px; margin: 0 auto;" width="600">
<tbody>
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<td class="column column-1" style="mso-table-lspace: 0pt; mso-table-rspace: 0pt; font-weight: 400; text-align: left; padding-bottom: 5px; padding-top: 5px; vertical-align: top;" width="100%">
<table border="0" cellpadding="0" cellspacing="0" class="heading_block block-1" role="presentation" style="mso-table-lspace: 0pt; mso-table-rspace: 0pt;" width="100%">
<tbody>
<tr>
<td class="pad" style="padding-bottom:5px;padding-left:30px;padding-right:10px;padding-top:25px;text-align:center;width:100%;">
<h1 style="margin: 0; color: #101112; direction: ltr; font-family: 'Helvetica Neue', Helvetica, Arial, sans-serif; font-size: 28px; font-weight: 700; letter-spacing: normal; line-height: 1.2; text-align: left; margin-top: 0; margin-bottom: 0; mso-line-height-alt: 34px;">
<strong>
Around the web
</strong>
</h1>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
</table>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row row-17" role="presentation" style="mso-table-lspace: 0pt; mso-table-rspace: 0pt;" width="100%">
<tbody>
<tr>
<td>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row-content stack" role="presentation" style="mso-table-lspace: 0pt; mso-table-rspace: 0pt; background-color: #fafafa; border-bottom: 1px solid #0aa43e; border-left: 1px solid #0aa43e; border-radius: 0; border-right: 1px solid #0aa43e; color: #000000; width: 600px; margin: 0 auto;" width="600">
<tbody>
<tr>
<td class="column column-1" style="mso-table-lspace: 0pt; mso-table-rspace: 0pt; font-weight: 400; text-align: left; padding-bottom: 5px; vertical-align: top;" width="100%">
<table border="0" cellpadding="0" cellspacing="0" class="paragraph_block block-1" role="presentation" style="mso-table-lspace: 0pt; mso-table-rspace: 0pt; word-break: break-word;" width="100%">
<tbody>
<tr>
<td class="pad" style="padding-bottom:25px;padding-left:30px;padding-right:20px;padding-top:10px;">
<div style="color:#101112;direction:ltr;font-family:'Helvetica Neue', Helvetica, Arial, sans-serif;font-size:16px;font-weight:400;letter-spacing:0px;line-height:1.5;text-align:left;mso-line-height-alt:24px;">
<p style="margin-bottom: 1em; margin: 0;">
<strong>
🎻 Let me cook:
</strong>
Tech executive and amateur conductor Mandle Cheung
<strong>
</strong>
<a data-hs-link-id="0" data-hs-link-id-v2="S5qwLLft" style="text-decoration: underline; color: #0aa43e;" target="_blank">
paid the Toronto Symphony $400,000
</a>
to let him conduct a performance of Mahler’s "Resurrection," reports The New York Times. Many of the musicians weren’t happy about it, but the Symphony’s CEO said it was part of the orchestra’s efforts to diversify revenue.
</p>
</div>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
</table>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row row-18" role="presentation" style="mso-table-lspace: 0pt; mso-table-rspace: 0pt;" width="100%">
<tbody>
<tr>
<td>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row-content stack" role="presentation" style="mso-table-lspace: 0pt; mso-table-rspace: 0pt; border-radius: 0; color: #000000; width: 600px; margin: 0 auto;" width="600">
<tbody>
<tr>
<td class="column column-1" style="mso-table-lspace: 0pt; mso-table-rspace: 0pt; font-weight: 400; text-align: left; vertical-align: top;" width="100%">
<div class="spacer_block block-1" style="height:20px;line-height:20px;font-size:1px;">
</div>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
</table>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row row-19" role="presentation" style="mso-table-lspace: 0pt; mso-table-rspace: 0pt; background-size: auto;" width="100%">
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<td>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row-content stack" role="presentation" style="mso-table-lspace: 0pt; mso-table-rspace: 0pt; background-color: #fafafa; background-size: auto; border-left: 1px solid #0aa43e; border-radius: 0; border-right: 1px solid #0aa43e; border-top: 1px solid #0aa43e; color: #000000; width: 600px; margin: 0 auto;" width="600">
<tbody>
<tr>
<td class="column column-1" style="mso-table-lspace: 0pt; mso-table-rspace: 0pt; font-weight: 400; text-align: left; padding-bottom: 5px; padding-top: 5px; vertical-align: top;" width="100%">
<table border="0" cellpadding="0" cellspacing="0" class="heading_block block-1" role="presentation" style="mso-table-lspace: 0pt; mso-table-rspace: 0pt;" width="100%">
<tbody>
<tr>
<td class="pad" style="padding-bottom:5px;padding-left:30px;padding-right:10px;padding-top:25px;text-align:center;width:100%;">
<h1 style="margin: 0; color: #101112; direction: ltr; font-family: 'Helvetica Neue', Helvetica, Arial, sans-serif; font-size: 28px; font-weight: 700; letter-spacing: normal; line-height: 1.2; text-align: left; margin-top: 0; margin-bottom: 0; mso-line-height-alt: 34px;">
<strong>
Before you go
</strong>
</h1>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
</table>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row row-20" role="presentation" style="mso-table-lspace: 0pt; mso-table-rspace: 0pt;" width="100%">
<tbody>
<tr>
<td>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row-content stack" role="presentation" style="mso-table-lspace: 0pt; mso-table-rspace: 0pt; background-color: #fafafa; border-bottom: 1px solid #0aa43e; border-left: 1px solid #0aa43e; border-radius: 0; border-right: 1px solid #0aa43e; color: #000000; width: 600px; margin: 0 auto;" width="600">
<tbody>
<tr>
<td class="column column-1" style="mso-table-lspace: 0pt; mso-table-rspace: 0pt; font-weight: 400; text-align: left; padding-bottom: 5px; vertical-align: top;" width="100%">
<table border="0" cellpadding="0" cellspacing="0" class="image_block block-1" role="presentation" style="mso-table-lspace: 0pt; mso-table-rspace: 0pt;" width="100%">
<tbody>
<tr>
<td class="pad" style="width:100%;">
<div align="center" class="alignment">
<div style="max-width: 598px;">
<a data-hs-link-id="0" data-hs-link-id-v2="mJEXQFw/" target="_blank">
<img alt="" src="https://inboxflows.com/_/image/https%253A%252F%252Fd15k2d11r6t6rl.cloudfront.net%252Fpub%252Fbfra%252F16fcjipy%252F8vk%252Fquc%252Flk3%252F12_Petlibro_Scout.webp/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZkMTVrMmQxMXI2dCIsInRpbWUiOjE3NTEwNjE4OTEuNDg2MjEyM30:1uVHBj:xyBfo9hft15BGYQ0uXcy3sbXruDtnt7NbF7hfrVdJaE" style="display: block; height: auto; border: 0; width: 100%;" title="" width="598"/>
</a>
</div>
</div>
</td>
</tr>
</tbody>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="paragraph_block block-2" role="presentation" style="mso-table-lspace: 0pt; mso-table-rspace: 0pt; word-break: break-word;" width="100%">
<tbody>
<tr>
<td class="pad" style="padding-bottom:10px;padding-left:10px;padding-right:10px;padding-top:7px;">
<div style="color:#393d47;direction:ltr;font-family:'Helvetica Neue', Helvetica, Arial, sans-serif;font-size:10px;font-weight:400;letter-spacing:0px;line-height:1.2;text-align:center;mso-line-height-alt:12px;">
<p style="margin-bottom: 1em; margin: 0;">
<strong>
Image Credits:
</strong>
PetLibro
</p>
</div>
</td>
</tr>
</tbody>
</table>
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