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April 25, 2024, 5:15 AM
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| Meta Investor Relations: |
Meta reports Q1 revenue up 27% YoY to $36.46B, net income up 117% YoY to $12.37B, and family daily active people up 7% YoY to 3.24B for March 2024 — Meta Platforms, Inc. (Nasdaq: META) today reported financial results for the quarter ended March 31, 2024.
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| Alex Heath / The Verge: |
Mark Zuckerberg says Meta AI assistant has been “tried” by “tens of millions of people” and making money from generative AI will take Meta several years — The generative AI gold rush is underway — just don't expect it to create profits anytime soon.| Ashley Capoot / CNBC: |
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| Karissa Bell / Engadget: |
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Threads: @alexheath, @wongmjane, and @parkerortolani
| Alex Koller / CNBC: |
More: Silicon Republic, MIXED Reality News, Shacknews, Proactive, and MarketWatch
Mastodon: @parismarx@mastodon.online. X: @cap_zay, @brandolightshed, @jason_kint, @ballmatthew, @lamonicabuzz, @ballmatthew, and @qcapital2020
Forums: r/technology and r/Economics
| Lauren Feiner / The Verge: |
President Biden signs the ByteDance-TikTok divest-or-ban bill into law, after the Senate passed it by 79-18; the House passed the legislation 360-58 on April 20 — The divest-or-ban bill is now law, starting the clock for ByteDance to make its move. The company has an initial nine months …
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Threads: @jbillinson, @ezeekat, @jw, @alexheath, and @vishwanathsarang
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| Alex Barinka / Bloomberg: |
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| Monica Alba / NBC News: |
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| Andy Greenberg / Wired: |
Cisco details a hacking campaign that penetrated multiple governments' networks using two zero-day flaws in its VPN and firewall Adaptive Security Appliances — Sources suspect China is behind the targeted exploitation of two zero-day vulnerabilities in Cisco's security appliances.
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Forums: r/technology, r/netsec, r/privacy, and Slashdot
| Ben Glickman / Wall Street Journal: |
IBM agrees to buy HashiCorp, which helps companies manage cloud infrastructure, in a deal valuing HashiCorp at $6.4B and expected to close by the end of 2024 — IBM will pay $35 a share for the cloud-software company in cash, giving it access to HashiCorp's roster of some 4,400 clients
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| Jordan Novet / CNBC: |
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| Bob Van Voris / Bloomberg: |
US prosecutors charge two founders of Samourai Wallet, saying the crypto mixing service facilitated more than $100M in money laundering transactions — - US prosecutors say Samourai Wallet was ‘haven for criminals’ — Europol has said crypto mixing services are a ‘top threat’
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Forums: r/Monero and r/ethtrader
| Ben Glickman / Wall Street Journal: |
The US awards Micron up to $6.1B under the CHIPS Act, to support an up to $125B investment to build a “megafab” in New York and Idaho over the next 20 years — Micron Technology MU -.60%decrease; red down pointing triangle is receiving up to $6.1 billion from the federal government … | David Pierce / The Verge: |
Hands-on with the Rabbit R1: a fun and funky AI device that feels pretty nice and does a solid job with basic AI questions, but the Rabbithole app is unfinished — There were times I wasn't sure the Rabbit R1 was even a real thing. The AI-powered, Teenage Engineering-designed device came …
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| Shubham Sharma / VentureBeat: |
Snowflake announces Arctic, an LLM optimized for enterprise tasks such as SQL generation, coding, and instruction following, with an Apache 2.0 license — Today, Snowflake announced the launch of Arctic, a large language model (LLM) optimized for complex enterprise workloads such as SQL generation …
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| Shubham Sharma / VentureBeat: |
Apple researchers share OpenELM, a family of LLMs with 270M to 3B parameters, designed to run on-device, and pre-trained and fine-tuned on public datasets — Just as Google, Samsung and Microsoft continue to push their efforts with generative AI on PCs and mobile devices …
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Threads: @paul_rietschka. X: @sbeastwindy, @nickadobos, @parkerortolani, @simonw, @burkov, @max_paperclips, @awnihannun, @simonw, @simonw, @_akhaliq, @thom_wolf, @pcuenq, @arankomatsuzaki, @clementdelangue, and @morastegari
Forums: Hacker News, r/LocalLLaMA, and MacRumors Forums
| Scharon Harding / Ars Technica: |
Reddit says its Dynamic Product Ads, which use “shopping signals” to automatically show relevant ads to users, are entering public beta globally — Reddit says its “communities are naturally commercial.” — Reddit has made it clear that it's an ad-first business.
More: Social Media Today and Search Engine Land
| Kyle Wiggers / TechCrunch: |
AI coding assistant startup Augment emerges from stealth with a $227M Series B at a $977M post-money valuation, following a $25M Series A led by Sutter Hill — AI is supercharging coding — and developers are embracing it. — In a recent StackOverflow poll, 44% of software engineers … | CNBC: |
Cloud data management startup Rubrik priced its NYSE IPO at $32 per share, above its expected $28 to $31 range, raising $752M and valuing the company at $5.6B — Bipul Sinha, co-founder and CEO of data security software company Rubrik. Sinha previously backed cloud management company Nutanix.
More: Bloomberg, Reuters, Wall Street Journal, The Information, Fortune, CRN, SiliconANGLE, and Barron's Online. X: @lesliepicker
| Joanna Nelius / The Verge: |
Qualcomm details its Snapdragon X Plus and X Elite chips; benchmarks from a demo suggest the chips match Apple's M3, Intel's Core Ultra 9, and AMD's Ryzen 9 — On Wednesday, Qualcomm announced the impending arrival of its Snapdragon X Plus laptop processor alongside more information …
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X: @vadimyuryev, @edludlow, @unixterminal, @g_schneemann, @daniel_rubino, @sean_endicott_, @theunlockr, @snapdragon, and @tomwarren. LinkedIn: Brent Summers. Forums: r/technology
| Charlie Demerjian / SemiAccurate: |
More: PhoneArena and Macworld
X: @kepler_l2, @aadetugbo, @cdemerjian, and @ghost_motley
Forums: r/hardware and Slashdot
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