| Filipe Espósito / 9to5Mac: |
Apple updates App Store guidelines, allowing game emulators for the first time globally, and letting music streaming apps in the EU link to external websites — After the EU commission fined Apple $2 billion and announced that it's not satisfied with the changes the company made to comply … | Bloomberg: |
FTC lawsuit filings: Instagram had ad revenues of $22B in 2020, or 26% of Meta's total revenue, $32.4B in 2021, or 27% of Meta's revenue, and $16.5B in H1 2022 — - Sales figures for the app released in FTC's antitrust lawsuit — Meta Platforms Inc. brought in almost 30% of its revenue … | Bloomberg: |
A US jury finds Terraform Labs and Do Kwon liable for fraud in a US SEC lawsuit, boosting SEC's efforts to assert greater control over the crypto industry — - Terraform 2022 failure wiped out $40 billion in investor funds — Kwon criminal trial on hold over extradition from Montenegro| The Information: |
Source: Jony Ive and Sam Altman's AI device startup is in funding talks with Emerson Collective and Thrive Capital; Ive wants to raise up to $1B in funding — A mysterious company started by former Apple designer Jony Ive and OpenAI CEO Sam Altman to launch an artificial intelligence-powered personal device … | South China Morning Post: |
Sources: ByteDance, which was directly involved in countering US efforts to ban TikTok in 2020, has let the US TikTok team lead the response this time around — - Beijing-based ByteDance has left the US TikTok team to lead its own response in countering legislation that would kick it out of domestic app stores, sources say| Ryan Heath / Axios: |
Meta plans to label a wider range of video, audio, and image content as “Made with AI” starting in May, following feedback from its independent Oversight Board — - The labels could be generated through self-disclosure when a user posts content, as a result of advice from fact-checkers … | Matt Binder / Mashable: |
X promoted a fake headline about Iran attacking Israel on its Explore page, after Elon Musk promised “real-time customized news for you created by Grok AI” — The AI-generated false headline was promoted by X in its official trending news section.| Bill Toulas / BleepingComputer: |
Researchers detail how hackers use hijacked Facebook pages to push ads promoting fake AI services to spread malware; a fake Midjourney page had 1.2M followers — Hackers are using Facebook advertisements and hijacked pages to promote fake Artificial Intelligence services, such as MidJourney … | Alex Kantrowitz / Big Technology: |
Google, Yahoo, Perplexity, and other search companies are working on understanding user intent to decide whether to show generative AI answers or just links — Yahoo is one of the most visited websites on the planet. It's the most popular news site in the U.S., with more than 3 billion visits each month.| Financial Times: |
Sources say Sundar Pichai is more involved in decisions about Google's AI products, but some worry this involvement can be a distraction from his duties as CEO — The Silicon Valley group has stumbled in the rollout of generative AI. Insiders say cultural and organisational issues are to blame| Dan Milmo / The Guardian: |
Microsoft warns that China plans to disrupt US, South Korean, and Indian elections in 2024 with AI-generated content, after using Taiwan's election as a dry run — Beijing did a test run in Taiwan using AI-generated content to influence voters away from a pro-sovereignty candidate| Reed Albergotti / Semafor: |
Q&A with Marissa Mayer about her app development startup Sunshine, its new photo-sharing app Shine, the AI landscape, internet business models, and more — The Scene — About a week after Marissa Mayer's startup, app development company Sunshine, launched a new photo-sharing service, her co-founder Enrique Munoz Torres quit.| Manish Singh / TechCrunch: |
Amazon adds a store called Bazaar to its Android app in India, featuring affordable fashion and lifestyle products, to compete with Flipkart and Reliance's Ajio — Amazon has quietly introduced a “special store” called Bazaar in India, featuring affordable and trendy fashion and lifestyle products … | Bloomberg: |
Sources: FTX's estate sold 25M to 30M locked-up SOL coins for $64 apiece, a deeply discounted price, to Galaxy Trading, Pantera, and others, raising up to $1.9B — - Galaxy raised $620 million fund to buy discounted SOL from FTX — Sales were done at big discount to SOL's current market price| Wall Street Journal: |
Sources: Samsung plans to more than double its total chip investment in Taylor, Texas, to ~$44B, a significant breakthrough for the US' chip manufacturing plans — South Korean firm plans to add a second semiconductor factory and advanced-packaging facility at its new hub outside Austin| Song Jung-a / Financial Times: |
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