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April 25, 2024, 12:20 PM
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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 on average for March 2024 — Meta Platforms, Inc. (Nasdaq: META) today reported financial results for the quarter ended March 31, 2024.
More: Bloomberg, The Register, Seeking Alpha, Silicon Valley Business …, Investing.com, Bloomberg, Kiplinger.com, Finbold, CoinGape, CCN.com, Music Ally, Benzinga, The Crypto Times, PYMNTS.com, Android Central, Constellation Research, Shacknews, StreetInsider.com, and Variety
| Alex Heath / The Verge: |
Mark Zuckerberg says “tens of millions of people” have “tried” Meta AI but making money from generative AI in Meta's apps is likely going to take several years — The generative AI gold rush is underway — just don't expect it to create profits anytime soon.| Karissa Bell / Engadget: |
More: TechCrunch, ZDNet, Nairametrics, Mashable, Gizchina, Android Headlines, Neowin, Benzinga, Social Media Today, NewsBytes, The Verge, and Business Insider
Threads: @alexheath and @wongmjane
| Ashley Capoot / CNBC: |
More: NBC News, Benzinga, Financial Times, CNBC, Wall Street Journal, Yahoo Finance, Business Post, Shacknews, Fast Company, NBC News, Reuters, The Irish Times, Proactive, Benzinga, The Hollywood Reporter, and Bloomberg
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| Alex Koller / CNBC: |
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Mastodon: @parismarx@mastodon.online. X: @jason_kint, @ballmatthew, @qcapital2020, @brandolightshed, @ballmatthew, @lamonicabuzz, and @cap_zay
Forums: r/technology and r/Economics
| The Information: |
Sources: ByteDance is exploring scenarios for selling a majority stake in TikTok US, preferably to a non-tech company, and without the recommendation algorithm — ByteDance is internally exploring scenarios for selling a majority stake in TikTok's U.S. business, preferably to companies outside …
More: Reuters, Dexerto, Yahoo News, Forbes, and The Verge
X: @tiktokpolicy, @benjamintormey, @ali_lev, @matthewstoller, and @micsolana. LinkedIn: Emil Protalinski
| Wall Street Journal: |
More: Hindustan Times, Daily Post Nigeria, Semafor, Spyglass, New York Times, and Washington Post
X: @jchengwsj and @wsjtech
| Tom Warren / The Verge: |
Sources: Microsoft has scrambled to respond to new attacks from the Russia-linked SolarWinds hackers, as its engineers prioritize security over new features — The world's largest tech company has a security problem. A series of high-profile security incidents have rocked Microsoft … | Cheng Ting-Fang / Nikkei Asia: |
TSMC unveils A16, chip manufacturing tech featuring nanosheet transistors with “backside power rails” meant for producing its ultra-advanced 1.6nm chips by 2026 — Taiwan chip titan aims to secure leading position and capture AI demand — TAIPEI — Taiwan Semiconductor Manufacturing Co …
More: TSMC, Reuters, MacRumors, AnandTech, Tom's Hardware, ExtremeTech, iClarified, AnandTech, Benzinga, TechSpot, Interesting Engineering, TechNode, DigiTimes, TrendForce Insights, and MacDailyNews
X: @ryansmithat, @dnystedt, and @trendforce
| Abner Li / 9to5Google: |
Google Meet rolls out an update to let users seamlessly transfer calls between devices “without hanging up and rejoining” via its Android, iOS, and web apps — Let's say you start a call on your phone because you're not at your desk yet. Once you get to a computer … | Melissa Heikkilä / MIT Technology Review: |
A look at AI video startup Synthesia, whose avatars are more human-like and expressive than predecessors, raising concerns over the consequences of realistic AI — I'm stressed and running late, because what do you wear for the rest of eternity? — This makes it sound like I'm dying, but it's the opposite.
More: Synthesia LTD, HotHardware, CNBC, TechCrunch, Maginative, Quartz, ZDNet, and UKTN
Forums: r/artificial, r/singularity, and r/tech
| 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 — Change Healthcare Finally Admits It Paid Ransomware Hackers—and Still Faces a Patient Data Leak
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LinkedIn: Lodi Hensen and Alexander Viftrup Andersen
Forums: r/technology, r/netsec, r/privacy, and Slashdot
| Ben Glickman / Wall Street Journal: |
The US awards Micron up to $6.1B under the CHIPS Act, to back an up to $125B investment to build a megafab in New York and a fab in 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 …
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X: @micronpolicy, @mackhawk, and @microntech
| 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 …
More: Snowflake, MSPoweruser, Unite.AI, TechRadar, ITPro, Barron's Online, ZDNet, InfoWorld, TechCrunch, and SiliconANGLE
| Andy Chalk / PC Gamer: |
Garry's Mod is removing “all Nintendo related stuff” from its Steam Workshop, covering “20 years of uploads”, after receiving a takedown request from Nintendo — Fans aren't happy, as you can imagine. — Following a takedown request issued by Nintendo …
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X: @garrynewman, @thafnine, @cyndafan, @wario64, @nescartridges, and @jarek_dragon
| 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: Forbes, PhoneArena, Social Media Today, and Search Engine Land
| 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
| The Information: |
Sources: a Huawei-led consortium, backed by Chinese government funding, aims to compete with Nvidia by making high-bandwidth memory chips, used in GPUs, by 2026 — Huawei Technologies is leading a group of Chinese semiconductor companies seeking memory chip breakthroughs …
More: Reuters, The Decoder, Benzinga, and South China Morning Post
| 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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LinkedIn: Armon Dadgar, Bill Grady, Bryan Krausen, and Aly Farooqui
Forums: r/homelab and r/Terraform
| Jordan Novet / CNBC: |
| 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 …
More: Android Authority, Engadget, Tom's Guide, The Overspill, Creative Bloq, PCMag, TechSpot, TechCrunch, 9to5Google, Android Headlines, Dexerto, Wired, Mashable, Mashable, Tom's Guide, and CNET
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