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April 25, 2024, 11:50 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 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 …, Bloomberg, Kiplinger.com, Finbold, Music Ally, CoinGape, CCN.com, Benzinga, The Crypto Times, PYMNTS.com, Android Central, Business Insider, Business Insider, Constellation Research, This is Money, New York Times, Investing.com, StreetInsider.com, Reuters, 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, The Verge, and Business Insider
Threads: @alexheath and @wongmjane
| Alex Koller / CNBC: |
More: Game Developer, Fortune, MIXED Reality News, Coinspeaker, Gameranx, Proactive, and MarketWatch
Mastodon: @parismarx@mastodon.online. X: @jason_kint, @ballmatthew, @qcapital2020, @brandolightshed, @ballmatthew, @lamonicabuzz, and @cap_zay
Forums: r/technology and r/Economics
| 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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| 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 … | Lauren Feiner / The Verge: |
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Threads: @jbillinson, @ezeekat, @jw, @alexheath, and @vishwanathsarang
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| 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 … | 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 … | 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
| Cheng Ting-Fang / Nikkei Asia: |
TSMC unveils a new chip manufacturing technology called A16; the company plans to start 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. says it will start production …
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| 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, Quartz, Maginative, ZDNet, and UKTN
Forums: r/artificial and r/singularity
| 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 …
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X: @mackhawk, @micronpolicy, 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
| 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
| 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 … | 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
More: HashiCorp, The Register, DatacenterDynamics, TechCrunch, CIO.com, Benzinga, SecurityWeek, Silicon Republic, AVOA, SiliconANGLE, and The Information
Mastodon: @megmac@social.treehouse …. Bluesky: @permadeath.com. X: @geerlingguy, @hashicorp, @a2d2, @melvinmonetary, @devnetdan, @armon, @rakyll, @semil, and @kelseyhightower
LinkedIn: Armon Dadgar, Bill Grady, Bryan Krausen, and Aly Farooqui
Forums: r/homelab and r/Terraform
| Jordan Novet / CNBC: |
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