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Techmeme
May 6, 2024, 7:55 AM
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Top News

Anthony Ha / TechCrunch:
Bluesky confirms Jack Dorsey's departure from its board and says it is searching for a new board member  —  It sounds like Bluesky's most prominent backer is no longer on its board.  —  On Saturday, Jack Dorsey posted on X about grants for open protocols from his philanthropic Start Small initiative.
Emily Nicolle / Bloomberg:
Visa and Allium Labs: less than 10% of stablecoin transactions are “organic payments activity”, which excludes activities from bots and large-scale traders  —  - Less than 10% of stablecoin transactions are “organic:” Visa  — PayPal, Stripe are among fintechs expanding in stablecoins
Pieter Haeck / Politico:
The EU's crackdown on Huawei shows an EU-wide TikTok ban will likely take years of diplomacy, as the bloc lacks a formal say over national security concerns  —  Of all the shots Europe is firing at China, the threat of a blanket TikTok ban is likely to only scuff Beijing.
Counterpoint Research:
iPhone 15 Pro Max was Q1's best-selling smartphone; Pro phones were 50% of Apple's sales, up from 24% in 2020; Apple and Samsung each had five phones in top 10  —  - Apple and Samsung dominated the list of top 10 best-selling smartphones in Q1 2024.  — This was the first quarter in which the top 10 smartphones were all 5G capable.
More: AppleInsider
Anthony Ha / TechCrunch:
Meta launches quote post controls for all Threads users, letting them allow quotes from everyone on Threads, only the people they follow, or disable quote posts  —  Threads users can now exert more control over who can quote their posts.  —  This builds on a feature that already allows Threads users …
Tassilo Hummel / Reuters:
Atos says it received four distinct offers to restructure its debt and inject cash from investors including Atos' banks and its largest shareholder Onepoint  —  Debt-laden French IT company Atos on Monday confirmed it had received four distinct offers from investors to restructure its debt …
Pei Li / Bloomberg:
Sources: Chinese self-driving startup Beijing Momenta Technology confidentially filed for an IPO in the US and could raise $200M to $300M as early as in 2024  —  - Chinese company is working with banks on a potential listing  — Momenta working with banks, aiming to raise up to $300 million
More: Benzinga
Muyao Shen / Bloomberg:
DEX Screener: the value of decentralized social platform Friend.tech's native token, the Friend, fell ~98% to below $2 after making its trading debut on May 3  —  - “No one can figure out the tokenomics,” Delphi's Rinko says  — Friend.tech's growth has been driven in part by trading bots

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From Mediagazer

The Wrap:
The FCC votes to repeal the national broadcast ownership cap and replace it with a case-by-case review, approving the measure by a 2-1 margin

Upmanyu Trivedi / Bloomberg:
The UK Competition and Markets Authority clears Paramount's takeover of WBD, saying “after the merger, Paramount will continue to face sufficient competition”

Lucas Manfredi / The Wrap:
WBD reports Q2 revenue down 11% YoY to $8.72B, below $9.21B est., net income down 91%, ad revenue down 22%, content revenue down 26%, streaming revenue up 10%

More News

Charlie Warzel / The Atlantic:
A profile of ElevenLabs, whose founders seem unprepared for how its impressive AI voice cloning tech can change the internet and unleash political chaos
Oliver Whang / New York Times:
Some researchers are training AI models on headcam footage from infants and toddlers, to better understand language acquisition by both AI and children
Rina Diane Caballar / IEEE Spectrum:
As CS students experiment with AI coding tools, professors say courses need to focus less on syntax and more on problem solving, design, testing, and debugging

Earlier Picks

Jessica Lucas / The Verge:
Some teen users of Character.AI's chatbots say they find the AI companions helpful, entertaining, and supportive but worry they may be addicted to the chatbots
Tara Copp / Associated Press:
US Air Force plans a fleet of 1,000+ AI-controlled jets, the first of them operating by 2028; some AI versions already beat human pilots in air-to-air combat
Julie Tsirkin / NBC News:
Biden is expected to sign the REPORT Act next week; the bipartisan bill targets child sextortion online through new CSAM reporting requirements and more
Joanna Stern / Wall Street Journal:
Meta's Ray-Ban smart glasses are a simple, reliable, and smartly priced AI gadget, whereas Humane's AI Pin and the Rabbit R1 are more akin to science projects
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