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May 7, 2024, 7:05 AM
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Top News

Takashi Mochizuki / Bloomberg:
Nintendo President Shuntaro Furukawa says the company plans to announce its Switch successor in the coming year; the Switch has sold 141M+ units since 2017  —  - Company missed profit estimates for the March quarter  — Outlook falls shy of expectations as flagship console ages
Wall Street Journal:
Sources: Apple has been working on its own chip designed to run AI software in data center servers; the project is internally codenamed Project ACDC  —  The company is leaning on its long history of chip development in the effort, code-named Project ACDC  —  Apple has been working …
Sky News:
Sources: China has hacked a payroll system used by the UK's Ministry of Defence, targeting service personnel; names and bank details have been exposed  —  MPs will be told on Tuesday of a massive data breach involving the Ministry of Defence, targeting service personnel.
Dan Goodin / Ars Technica:
Researchers detail an attack against many VPN apps that force them to send some or all traffic outside of the VPN encrypted tunnel; Android mitigates the flaw  —  TunnelVision vulnerability has existed since 2002 and may already be known to attackers.  —  Researchers have devised an attack …
David E. Sanger / New York Times:
US and Chinese diplomats plan to meet later in May to find common ground on AI usage and situations where AI should be banned, like controlling nuclear arsenals  —  The new U.S. approach to cyberthreats comes as early optimism about a “global internet” connecting the world has been shattered.
New York Times:
Sources and messages: Binance compliance officer Tigran Gambaryan told executives and Nigerian contacts of a $150M crypto bribe request, prior to his arrest  —  A compliance officer for the cryptocurrency exchange told senior executives and Nigerian contacts that the company had been asked to pay $150 million in crypto.
Kyle Alspach / CRN:
Google Cloud unveils Google Threat Intelligence, which uses Gemini and combines insights from Mandiant, VirusTotal, and Google to provide faster protection  —  Launched at RSAC 2024, the new Google Threat Intelligence offering provides faster protection against threats by combining insights from Mandiant …
Rick Claypool / Public Citizen:
OpenSecrets: crypto sector-backed super PACs have raised $102M+ so far, the third-most of 2024 election PACs, including $54M from companies like Coinbase  —  Key Findings  — Super PACs backed by the cryptocurrency sector have raised more than $102 million, the third-most of all super PACs engaged …
Aaron Holmes / The Information:
Sources: Microsoft is training MAI-1, a new, in-house AI model with ~500B parameters, large enough to compete with top models from Google, Anthropic, and OpenAI  —  For the first time since it invested more than $10 billion into OpenAI in exchange for the rights to reuse the startup's AI models …
Mike Butcher / TechCrunch:
UK-based Wayve, which is developing a self-learning system for autonomous driving, raised a $1.05B Series C led by SoftBank, the UK's largest AI fundraise ever  —  Wayve, a U.K.-born startup developing a self-learning rather than rule-based system for autonomous driving …
Ben Dickson / VentureBeat:
A study by Meta researchers suggests that training LLMs to predict multiple tokens at once, instead of just the next token, results in better and faster models  —  In a recent study, researchers at Meta, Ecole des Ponts ParisTech and Université Paris-Saclay suggest improving the accuracy …
Eva Dou / Washington Post:
MITRE, a federally funded, not-for-profit US research organization, plans to build a $20M supercomputer with Nvidia to build AI tools for the federal government  —  The $20 million AI ‘sandbox’ will allow federal agencies from the Pentagon to the IRS to test cutting-edge technologies.
Reuters:
Synopsys agrees to sell its Software Integrity Group business to a private equity consortium led by Clearlake and Francisco Partners, in a deal valued at $2.1B  —  Synopsys (SNPS.O) will sell its software integrity (SIG) unit to a private equity consortium led by Clearlake Capital …

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This is a Techmeme archive page. It shows how the site appeared at 7:05 AM ET, May 7, 2024.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

From Mediagazer

Associated Press:
The DOJ withdraws subpoenas that would have forced three NYT reporters to testify about sources, after a federal judge criticized the DOJ for sloppy legal work

Financial Times:
Financial firms, their lawyers, and ethics experts say there could be legal risks in paying Trump Media for fast access to Truth Social posts via an API

Kelcee Griffis / Bloomberg:
Comcast reports Peacock revenue up 54% YoY to $1.9B and its adjusted EBITDA of $189M, its first-ever quarterly profit; film revenue rose 25% YoY to $3.04B

More News

Associated Press:
A look at Campaign Nucleus, an AI company from ex-Trump campaign manager Brad Parscale, who says its AI can generate emails, gauge voter sentiment, and more
Forbes:
A look at the trademark dispute over the name AGI House between two rival hacker houses, one in Hillsborough and the other in Twin Peaks in the Bay Area
Kyle Wiggers / TechCrunch:
DocuSign says it is acquiring contract workflow automation startup Lexion for $165M; Lexion had raised $35.2M

Earlier Picks

Kyle Wiggers / TechCrunch:
Stack Overflow signs a deal with OpenAI to supply data to its models; new integrations between Stack Overflow and OpenAI should be available by the end of June
Erin Griffith / New York Times:
The increase of stock sales in privately held companies leads to tensions within startups like Stripe; Sacra says the market could grow 40% YoY to $64B in 2024
Aoyon Ashraf / CoinDesk:
Filing: Robinhood's crypto arm got a Wells notice from the US SEC on May 4; on June 27, 2023, Robinhood ended support for tokens named in previous SEC lawsuits
Anthony Ha / TechCrunch:
Bluesky confirms Jack Dorsey left its board and says the public benefit company is searching for a new board member; Dorsey announced Bluesky in December 2019
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