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April 25, 2024, 8:20 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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Threads: @mranthropology. X: @munster_gene, @munster_gene, @munster_gene, @mikeisaac, @kelseyhightower, @munster_gene, @mikeisaac, @supbagholder, @swiftstories, @thetranscript_, @eric_seufert, @eric_seufert, @tidefallcapital, @richlightshed, @conorsen, @eric_seufert, and @mikeisaac. LinkedIn: Andy Barr. Forums: Hacker News
| Karissa Bell / Engadget: |
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Threads: @alexheath and @wongmjane
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| Ashley Capoot / CNBC: |
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| Alex Koller / CNBC: |
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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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| M.G. Siegler / Spyglass: |
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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 — 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: |
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
| 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 … | 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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| Cheng Ting-Fang / Nikkei Asia: |
TSMC unveils a new chip manufacturing technology called A16, and says 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 …
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X: @ryansmithat, @dnystedt, and @trendforce
| 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: @micronpolicy and @microntech
| 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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| 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.| 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, @parkerortolani, @burkov, @max_paperclips, @simonw, @nickadobos, @morastegari, @simonw, @simonw, @thom_wolf, @arankomatsuzaki, @pcuenq, @clementdelangue, @awnihannun, and @_akhaliq
Forums: Hacker News, Hacker News, and r/LocalLLaMA
| 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 …
More: Augment, SiliconANGLE, Analytics India Magazine, and Maginative
| 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 …
More: Game Developer, Steam Community, GamesIndustry.biz, Gameranx, GamesRadar, Rock, Paper, Shotgun, Eurogamer.net, Kotaku, Dexerto, Game Rant, IGN, and TheGamer
X: @garrynewman, @cyndafan, @nescartridges, @jarek_dragon, @wario64, and @thafnine
| 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: Crunchbase News, Reuters, The Information, The Information, Fortune, Wall Street Journal, Bloomberg, CRN, SiliconANGLE, and Barron's Online. X: @lesliepicker
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