| 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| Kosaku Narioka / Wall Street Journal: |
Nintendo reports net profit up 13% YoY to ~$3.2B in the past fiscal year and expects profit to drop 39% YoY and revenue to drop 19% YoY in this fiscal year — The Japanese videogame maker expects revenue to fall 19% for the fiscal year that started in April 1| 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.| 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.| 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.| Aisha S Gani / Bloomberg: |
UK banking app Revolut launches Revolut X, a crypto trading service to let “experienced traders” buy and sell 100+ different tokens, with 0% to 0.09% fees — The new platform, called Revolut X, will allow “experienced traders” to buy and sell over 100 different tokens, according to a statement on Tuesday.| 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 … | Ingrid Lunden / TechCrunch: |
Akamai agrees to acquire Noname Security, which finds and fixes API vulnerabilities, for ~$450M, closing in Q2 2024; Noname was valued at $1B in December 2021 — A couple of weeks ago, TechCrunch broke the news that Akamai was in discussions to acquire Noname Security, a specialist in API security, for around $500 million.| Olivia Poh / Bloomberg: |
Amazon announces plans to double its cloud infrastructure investment in Singapore to $9B over the next four years, to meet the cloud and AI demand — - Cloud operator is latest global tech company to target region — Firms grow in Southeast Asia as they diversify away from China| Nqobile Dludla / Reuters: |
Amazon launches its online store in South Africa, offering same-day and next-day delivery and 3,000+ pickup points, challenging local rivals like Takealot.com — Amazon (AMZN.O) launched its online shopping service in South Africa on Tuesday, challenging a number of online retailers dominated by Naspers' (NPNJn.J) Takealot.com.| 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 … | Andrew J. Hawkins / The Verge: |
Instacart partners with Uber Eats to expand into restaurant takeout, offering deliveries powered by Uber via Instacart's app or website in the coming weeks — Grocery delivery service Instacart is expanding into restaurant takeout thanks to a new partnership with Uber Eats.| 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 — Donald Trump's former campaign manager looked squarely into the camera and promised his viewers they were about to witness a bold new era in politics.| 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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| Rohan Goswami / CNBC: |
| Kyle Wiggers / TechCrunch: |
| Aoyon Ashraf / CoinDesk: |
| Anthony Ha / TechCrunch: |