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Techmeme
April 25, 2024, 5:15 PM
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Top News

Cecilia Kang / New York Times:
The FCC votes 3-2 to reinstate the US' net neutrality rules, expanding government oversight of ISPs and aiming to protect consumer access to the internet  —  Commissioners voted along party lines to revive the rules that declare broadband as a utility-like service that could be regulated like phones and water.
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 …
Reuters:
Sources: ByteDance prefers a TikTok shutdown in the US rather than a sale if legal options fail, deeming TikTok's algorithm as core to overall ByteDance systems  —  TikTok owner ByteDance would prefer shutting down its loss-making app rather than sell it if the Chinese company exhausts …
Wall Street Journal:
Sources: ByteDance executives have previously considered TikTok's global operations to be worth ~50% of the Chinese company's overall value, or above $100B
Alphabet:
Alphabet Q1: revenue up 15% YoY to $80.5B, net income up 57% to $23.7B, Google Cloud revenue up 28% to $9.6B, and headcount down 5%; GOOG jumps 12%+ after hours  —  Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter ended March 31, 2024.
Akash Sriram / Reuters:
Alphabet announces its first-ever dividend and authorizes the repurchase of up to an additional $70B of its Class A and Class C shares
Tom Warren / The Verge:
Sources: Microsoft is prioritizing security over new features to win back consumer trust, as it scrambles to respond to new attacks from Russia-linked hackers  —  The world's largest tech company has a security problem.  A series of high-profile security incidents have rocked Microsoft …
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 …
Abner Li / 9to5Google:
Google Meet rolls out an update to let users seamlessly transfer calls between devices without hanging up 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, opening the Meet page/preview for that call will soon offer a “Switch here” option.
Karissa Bell / Engadget:
On Meta's Q1 earnings call, Mark Zuckerberg said that Threads now has more than 150M MAUs, up from more than 130M in February 2024  —  Mark Zuckerberg has speculated it could be Meta's next billion-user app.  —  Meta's Threads app now has more than 150 million monthly users, an increase of about 20 million new users since February.
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
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.
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 …
Ingrid Lunden / TechCrunch:
Stripe will let customers accept crypto payments, starting with USDC on Solana, Ethereum, and Polygon, the first time it has taken crypto payments since 2018  —  Stripe, the fintech giant, continues to inch its way back into the cryptocurrency market.  On Thursday the company announced …
Ivan Mehta / TechCrunch:
Threads expands Hidden Words to let users filter out words, phrases, and emoji; Threads is also testing a way to mute notifications and controls for quote posts  —  Threads and Instagram head Adam Mosseri announced today that Threads is launching a new feature that lets users filter out words and phrases from their feeds and mentions.

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From Mediagazer

Isabella Simonetti / Wall Street Journal:
Vanity Fair and Olivia Nuzzi agree to part ways and let her contract expire at the end of the year, following new allegations about her affair with RFK Jr.

Oliver Darcy / Status:
Sources: David Ellison's interference in WBD's failed summer talks to extend HBO Max's South Park licensing deal left David Zaslav distrustful of Ellison

Alexandra Steigrad / New York Post:
Sources: Forbes has cut ties with dozens of contributing writers; one exec said Forbes needs to ensure the contributor model is “financially sound”

More News

CNBC:
Cloud data management startup Rubrik closes up 16% at $37 per share in its NYSE debut, after raising $752M at a $5.6B valuation

Earlier Picks

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
Shubham Sharma / VentureBeat:
Snowflake launches Arctic, an LLM optimized for enterprise tasks such as SQL generation, coding, and instruction following, under an Apache 2.0 license
Bob Van Voris / Bloomberg:
US prosecutors charge two founders of Samourai Wallet, saying the crypto mixing service facilitated more than $100M in “money laundering and sanctions evasion”
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