| Emilia David / The Verge: |
Meta announces its next-generation Meta Training and Inference Accelerator chips for AI training, and says MTIA v1 and the new chips are both now in production — Meta promises the next generation of its custom AI chips will be more powerful and able to train its ranking models much faster.| Sarah Perez / TechCrunch: |
Google plans to make Magic Editor and other AI editing tools, previously limited to Pixel phones and paid users, available to all Google Photos users for free — Google Photos is getting an AI upgrade. On Wednesday, the tech giant announced that a handful of enhanced editing features previously limited … | Jeff John Roberts / Fortune: |
The US SEC sends decentralized crypto exchange Uniswap a Wells notice warning that the agency intends to bring an enforcement action against the company — The Securities and Exchange Commission warned Uniswap on Wednesday that it intends to bring an enforcement action against the company … | Shubham Sharma / VentureBeat: |
| Sarah Fortinsky / The Hill: |
Rep. Adam Schiff introduced a bill that would require companies training generative AI models to disclose all of the copyrighted work they used to do so — Rep. Adam Schiff (D-Calif.) unveiled legislation on Tuesday that would require companies using copyrighted material to train … | Amrita Khalid / The Verge: |
The FCC says all but the smallest ISPs must now publish broadband “nutrition labels” on all their plans, ending an eight-year battle between ISPs and the agency — Starting on Wednesday, all but the smallest ISPs will be required to publish broadband “nutrition labels” on all of their plans, the regulator announced.| Bloomberg: |
Sources: SpaceX's accounting is more “art than a science”, often omitting costs of putting Starlink satellites in orbit to make numbers look better to investors — SpaceX celebrates the satellite business as a money-making venture fueling a quest to launch rockets and reach Mars.| Matt Day / Bloomberg: |
Amazon says it will stop paying developers to create Alexa apps and giving free AWS credits on June 30, 2024; developers can keep monetizing their apps via IAPs — - End of program scraps key element of effort to build app store — Google killed third-party apps for its Assistant in 2022| Bloomberg: |
Sources: Sam Altman met with investors and officials in the UAE this week to push for more infrastructure investment to support the development of AI technology — The CEO met with officials in the UAE this week to push for more infrastructure investment to support the development of artificial intelligence.| Sankalp Phartiyal / Bloomberg: |
Sources: Apple assembled $14B worth of iPhones in India in the past fiscal year, doubling production YoY; Apple now makes as much as 14% of its iPhones in India — - It now assembles about 1 in 7 of its iPhones from India — That ramp-up suggests an accelerating shift from China| Stephen Ornes / Quanta Magazine: |
Computer scientist Avi Wigderson wins the 2023 Turing Award for his “foundational contributions to the theory of computation”, including his work on randomness — All topics … Newsletter — Get Quanta Magazine delivered to your inbox — Recent newsletters| Ben Thompson / Stratechery: |
| Tris Warkentin / Google for Developers Blog: |
| Reuters: |
Aloha Browser says its EU users jumped 250% in March 2024 after the DMA came into effect; Vivaldi, Ecosia, Brave, DuckDuckGo, and Opera also saw user growth — Independent browser companies in the European Union are seeing a spike in users in the first month after EU legislation forced Alphabet's Google … | Jagmeet Singh / TechCrunch: |
Checkr, a 10-year-old startup that offers employee background checks and was valued at $5B in April 2022, has laid off 382 employees, or 32% of its workforce — Checkr, a 10-year-old startup that offers employee background checks and was last valued at $5 billion in April 2022 … | Taylor Lorenz / Washington Post: |
Hundreds of political and news content creators ask Meta to reverse its default Threads and Instagram setting opting accounts out of seeing “political content” — The change, they say, has significantly affected creators who are Black, female, disabled and LGBTQ| Bloomberg: |
The Biden administration announces a $110M US-Japan joint AI research initiative funded by Nvidia, Arm, Amazon, Microsoft, and a group of Japanese companies — - Leaders look to cooperate on developing emerging technology — Kishida touts benefits of Japan's investments in the US| Granth Vanaik / Reuters: |
Google announces a $1B investment to improve digital connectivity between the US, Japan, and multiple Pacific island countries through two new subsea cables — Google will invest $1 billion to improve digital connectivity between the U.S. and Japan through two new subsea cables … | Michael Roddan / The Information: |
Sources: ByteDance misled the Central Bank of Ireland in early 2023, after HSBC shut down the company's bank accounts following a money laundering probe — In early 2023, Irish banking regulators contacted ByteDance with a pointed question: Why was the Chinese internet giant and parent company … | Bloomberg: |
Sources: ByteDance's EBITDA rose ~60% YoY in 2023 to $40B+ and its sales rose from $80B to nearly $120B, passing Tencent's revenue and profit for the first time — - Revenue at TikTok owner also grew substantially in 2023 — Company's US business is being challenged by lawmakers| Kurt Wagner / Bloomberg: |
Marketers complain about ad performance issues on Meta's platforms over the past few months, saying ad campaign costs are up significantly while sales are down — Marketers on Facebook and Instagram notice glitches, higher prices and poorer returns on the once-reliable network
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