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May 8, 2024, 4:35 PM
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Top News

Michael Peel / Financial Times:
Google DeepMind and Isomorphic Labs detail AlphaFold 3, an AI model to predict interactions and structures of proteins, DNA, RNA, more, beating many top methods  —  AlphaFold 3 aims to reveal biological secrets and boost drug search efforts  —  Google DeepMind has unveiled …
Demetri Sevastopulo / Financial Times:
The US Commerce Department revokes some export licenses that let companies ship chips and other goods to Huawei, affecting Intel and, sources say, also Qualcomm  —  Move marks latest effort by Biden administration to target the country's tech sector  —  The Biden administration …
Lynn Doan / Bloomberg:
Intel expects its Q2 revenue to be “below the midpoint” of the company's previously guided $12.5B to $13.5B range because of a new US ban on Huawei chip exports
Tom Dotan / Wall Street Journal:
Microsoft plans to invest $3.3B to build a data center in Mount Pleasant, Wisconsin, and train locals, alongside investing in a University of Wisconsin AI lab  —  Company has been on a global spending spree, trying to build infrastructure and goodwill for artificial intelligence
Reuters:
Sources: US prosecutors are examining if Tesla committed securities or wire fraud by misleading investors and consumers about Autopilot and Full Self-Driving  —  U.S. prosecutors are examining whether Tesla (TSLA.O) committed securities or wire fraud by misleading investors and consumers …
William Gallagher / AppleInsider:
Apple's iPad Pro ad “Crush”, which shows paints, toys, guitars, sculptures, and more being crushed to reveal the thin device, draws criticism on social media  —  The minute-long Apple ad showing art equipment and materials being crushed down into the new iPad Pro is being called heartbreaking, wanton, and creepy.
Jennifer Pattison Tuohy / The Verge:
The Connectivity Standards Alliance releases Matter 1.3, adding support for more appliances, energy and water management, and new casting protocol features  —  The latest Matter spec brings a number of improvements to the smart home standard founded by Apple, Google, Amazon, and Samsung.
Spencer Soper / Bloomberg:
Shopify reports Q1 revenue up 23% YoY to $1.9B, GMV up 23% YoY to $60.9B, and expects gross margins to drop by ~50 basis points YoY in Q2; SHOP plummets 18%+  —  - Gross margins in current quarter are expected to narrow  — President: ‘This is how you achieve long-term durable growth’
Carl Franzen / VentureBeat:
OpenAI publishes Model Spec, which specifies how its models should behave, including objectives, rules, and default behaviors, and asks the public for feedback  —  OpenAI isn't done trying to live up to the “open” in its name.  —  While not making any of its new models open source …
Natalie Lung / Bloomberg:
Uber reports Q1 revenue up 15% YoY to $10.1B, Gross Bookings up 20% YoY to $37.7B, below $38B est., and adjusted EBITDA up 82% YoY to $1.4B; UBER falls 5%+  —  - Bookings growth still tops 20% on rides, order frequency gains  — Operating profit falls on anticipated legal fees, settlements
BBC:
Ofcom proposes new rules requiring tech companies to change their algorithms to hide “toxic” material from children, have more robust age checks, and more  —  Ofcom has warned social media sites they could be named and shamed - and banned for under-18s - if they fail to comply with new online safety rules.
Maggie Harrison / Futurism:
An investigation into AdVon, the company behind Sports Illustrated's fake writers, finds its AI content and fake authors at the LA Times, Miami Herald, and more  —  Remember that AI company behind Sports Illustrated's fake writers?  We did some digging — and it's got tendrils into other surprisingly prominent publications.
Reuters:
Arm reports Q4 revenue up 47% YoY to $928M, vs. $875.6M est., royalty revenue up 37%, and forecasts FY 2025 revenue below expectations  —  Chip designer Arm Holdings (O9Ty.F), gave a fiscal first-quarter revenue forecast on Wednesday that beat Wall Street's expectations, but its full-year forecast was below expectations.
More: Bloomberg and Arm
Georgia Butler / DatacenterDynamics:
Google says “rare issues at Google Cloud” caused a week-long private cloud outage at UniSuper, an Australian pension fund for the education and research sectors  —  Google problems resulting in an inadvertent misconfiguration of UniSuper's systems
Kylie Robison / The Verge:
Sources: OpenAI has been aggressively trying to poach Google employees for a team working on a ChatGPT feature to search the web and show results with citations  —  OpenAI is developing a search engine for ChatGPT, giving users the ability to crawl the web for answers to their questions, Bloomberg reports.
Rachel Metz / Bloomberg:
Source: OpenAI is developing a ChatGPT feature that can search the web and show results with images alongside written responses and citations to sources
André Beganski / Decrypt:
Robinhood CEO Vlad Tenev decries a “regulatory onslaught” and calls US SEC actions “another improper attempt by the administrative state to stifle innovation”  —  Though Robinhood Crypto thought its “safety-first” approach was distinct, the SEC said that enforcement action is on its way.
Steven Church / Bloomberg:
FTX says it will have as much as $16.3B to distribute after selling all of its assets; FTX owes ~$11B to 2M+ customers and other non-governmental creditors  —  - Crypto customers to get interest on what FTX owes them  — Bankrupt firm updates plan to divide cash among creditors

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This is a Techmeme archive page. It shows how the site appeared at 4:35 PM ET, May 8, 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

CNN:
Alice Stewart, a CNN political commentator and veteran political adviser who worked on several GOP presidential campaigns, dies at 58

Lauren Forristal / TechCrunch:
The CAA partners with Veritone to build a storage system for A-list artists to store their digital assets and get compensated for the use of their AI likeness

BBC:
Tony O'Reilly, one of Ireland's leading businessmen, who had owned the Independent, Belfast Telegraph, and over 100 newspapers, dies at 88 after a short illness

More News

Simon Willison / Simon Willison's Weblog:
OpenAI built the gpt2-chatbot, renamed to “im-also-a-good-gpt-chatbot”, per the gpt2-chatbot's 429 rate limit error message, which appeared in the LMSYS arena

Earlier Picks

Brian Heater / TechCrunch:
Researchers say they have unlocked a kind of sperm whale “alphabet” with the aid of machine learning, a breakthrough in understanding cetacean communication
Wesley Yin-Poole / IGN:
Memo: Microsoft's Xbox plans to shut down multiple Bethesda studios and consolidate teams to prioritize high-impact titles and invest in Bethesda's portfolio
Lorenzo Franceschi-Bicchierai / TechCrunch:
UK and US authorities identify and charge the leader of the LockBit ransomware gang, a 31-year-old Russian national; the US also issued sanctions against him
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