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April 26, 2024, 2:15 PM
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Top News

Sherry Qin / Wall Street Journal:
ByteDance says it has no plans to sell TikTok, responding to a report suggesting that the Chinese company is considering selling a majority stake in TikTok US  —  The company was responding to a report by The Information that it is considering scenarios for selling a majority stake in TikTok's U.S. business
Emanuel Maiberg / 404 Media:
Apple removes three AI image generation apps from the App Store after a 404 Media probe found the apps advertised being able to create nonconsensual nude images  —  Apple and Google appear more willing to take action against these apps than they were in the past.
Dustin Volz / Wall Street Journal:
Sam Altman, Satya Nadella, Sundar Pichai, Jensen Huang, and others join a board for advising the DHS on deploying AI safely within US critical infrastructure  —  Panel will advise Department of Homeland Security on deploying artificial intelligence safely within America's critical infrastructure
Kate Kelly / New York Times:NEW
Congress considers legislation to block DJI drones from running on US communication networks, effectively killing the Chinese company's US commercial business  —  U.S. authorities consider DJI a security threat.  Congress is weighing legislation to ban it, prompting a lobbying campaign from the company …
Clothilde Goujard / Politico:
The EU Commission says Shein will have to comply with DSA rules for handling content on its platform from August 2024, as the retailer has 45M+ users in the EU  —  BRUSSELS — Chinese-founded fashion app Shein will face stringent rules on how it handles content on its platform starting in late August …
Andrew J. Hawkins / The Verge:
The NHTSA finds that Tesla's driver-assist features insufficiently keep drivers engaged in the task of driving, and links them to 100+ crashes and 10+ deaths  —  In March 2023, a North Carolina student was stepping off a school bus when he was struck by a Tesla Model Y traveling at …
Sean O'Kane / TechCrunch:
The NHTSA closes a 2021 investigation into Tesla's Autopilot and opens a new probe to evaluate whether a December 2023 Autopilot recall fix is effective enough
Financial Times:
Thoma Bravo agrees to acquire Darktrace for ~$7.75 per share, a 20% premium on its April 25 closing price, valuing the UK-based cyber security company at ~$5B  —  Offer comes less than two years after private equity group held talks about buying cyber security company
Nikkei Asia:
Apple's latest supplier list shows the challenges the company is facing in diversifying its supply chain, as its Chinese suppliers grew from 48 to 52 in 2023  —  Japan, Taiwan and U.S. supplier numbers dip as iPhone maker expands in Southeast Asia  —  TAIPEI — Apple is deepening its ties …
Zoho:
App spotlight: Devart ODBC for Zoho CRM  —  An efficient CRM tool helps sales teams maintain strong customer relationships.  However, for a business to leverage a CRM fully, it needs to be connected with other databases to ensure a smooth two-way data flow.
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Katie Robertson / New York Times:
Former Twilio CEO and co-founder Jeff Lawson buys The Onion from G/O Media, via his company Global Tetrahedron; Lawson had long wanted to buy the satirical site  —  The satirical news website was bought by a new firm in Chicago that took inspiration for its name, Global Tetrahedron, from a book written by The Onion's staff.
Alphabet:
Alphabet Q1: revenue up 15% YoY to $80.5B, net income up 57% to $23.7B, Google Cloud revenue up 28% to $9.6B, and headcount down 5%; GOOG jumps 10%+  —  Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter ended March 31, 2024.
Akash Sriram / Reuters:
Alphabet announces its first-ever dividend, $0.20 per share on June 17, and authorizes the repurchase of up to an extra $70B of its Class A and Class C shares
Tom Warren / The Verge:
Microsoft Q3: Windows OEM revenue up 11% YoY, devices revenue down 17% YoY, overall gaming revenue up 51% YoY, and Xbox content and services revenue up 62% YoY  —  Microsoft just posted the third quarter of its 2024 fiscal financial results.  The software maker made $61.9 billion in revenue and a net income of $21.9 billion during Q3.
Microsoft:
Microsoft Q3: revenue up 17% YoY to $61.9B, net income up 20% to $21.9B, Office Commercial revenue up 13%, LinkedIn revenue up 10%
Jordan Novet / CNBC:
Microsoft reports Q3 Intelligent Cloud revenue up 21% YoY to $26.71B, vs. $26.26B est., with Azure and other cloud services revenue up 31% YoY

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Newest

Kate Kelly / New York Times:
Congress considers legislation to block DJI drones from running on US communication networks, effectively killing the Chinese company's US commercial businessFind
5 minutes ago
Joseph Cox / 404 Media:
Discord bans Spy Pet-affiliated accounts, which were scraping 12K+ Discord servers to archive and sell user data, and says it is considering legal actionFind
45 minutes ago
Nikkei Asia:
Apple's latest supplier list shows the challenges the company is facing in diversifying its supply chain, as its Chinese suppliers grew from 48 to 52 in 2023Find
80 minutes ago
Wall Street Journal:
Sources: China's muted response to TikTok bill reflects the view that TikTok is of less strategic value than Huawei; China prefers TikTok US closure to saleFind
3 hours ago
Andrew J. Hawkins / The Verge:
The NHTSA finds that Tesla's driver-assist features insufficiently keep drivers engaged in the task of driving, and links them to 100+ crashes and 10+ deathsFind
3½ hours ago
Emanuel Maiberg / 404 Media:
Apple removes three AI image generation apps from the App Store after a 404 Media probe found the apps advertised being able to create nonconsensual nude imagesFind
4½ hours ago
Bloomberg:
A look at Abu Dhabi-based AI startup G42, as sources say US intelligence officials fixated on CEO Xiao Peng ahead of its China divestment and Microsoft dealFind
5½ hours ago
Full Time-Sorted List

From Mediagazer

Alex Weprin / The Hollywood Reporter:
Memo: CNN's Poppy Harlow is leaving the network; she joined in 2008 and most recently co-hosted CNN This Morning, which was effectively canceled earlier in 2024

Jessica Toonkel / Wall Street Journal:
Sources: Paramount Global's board is considering replacing CEO Bob Bakish with an “Office of the CEO” made up of division heads on an interim basis

Financial Times:
Sources: RedBird IMI prepares to withdraw its Telegraph bid as early as next week, triggering an auction expected to draw bids from Rupert Murdoch and others

More News

Vlad Savov / Bloomberg:
TechInsights teardown: Huawei's Pura 70 uses a 7nm chip, similar to the Mate 60, and a Kirin 9010 processor, a newer version of the Mate 60 Pro's Kirin 9000s
CoinDesk:
Consensys sues the US SEC over what it calls the agency's “unlawful seizure of authority over ETH”, after getting a Wells notice for its MetaMask wallet product
Chris Miller / Financial Times:
The CHIPS Act has been surprisingly successful so far, giving the US greater scope to meet critical infrastructure needs in the event of a crisis in East Asia

Earlier Picks

Scott Farquhar / Work Life:
Atlassian's co-CEO Scott Farquhar plans to step down on August 31, 2024, after 23 years at the company; he will remain a board member and a special advisor
Ashley Capoot / CNBC:
Snap reports Q1 revenue up 21% YoY to $1.19B, vs. $1.12B est., DAUs up 10% YoY to 422M, vs. 420M est., and net loss down 7% YoY to $305M; SNAP jumps 25%+
Kif Leswing / CNBC:
Intel reports Q1 revenue up 9% YoY to $12.72B, vs. $12.78B est., Data Center and AI up 5% to $3B, and Q2 revenue guidance below est.; INTC drops 9%+
Cecilia Kang / New York Times:
The FCC votes 3-2 to reinstate the US' net neutrality rules, expanding government oversight of ISPs and aiming to protect consumer access to the internet
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