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May 13, 2024, 6:30 AM
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| Jason Koebler / 404 Media: |
US farmers had to halt their planting operations after the solar storm broke critical GPS and precision farming functionality in tractors and other equipment — The accuracy of some critical GPS navigation systems used in modern farming have been “extremely compromised,” a John Deere dealership told customers Saturday.
More: Silicon Republic, John Deere, New York Times, The Overspill, The Verge, and Engadget
X: @agarri_fr, @dbeyer123, @jason_koebler, @weldpond, @dancow, @ericgeller, @josephfcox, @jason_koebler, @robotbeat, @tolstoybb, and @jason_koebler
Forums: Hacker News, r/interstellar, and r/PrepperIntel
| Lucas Shaw / Bloomberg: |
Sources: Apple has met with Hollywood talent representatives to propose a new performance-based compensation regime, as Amazon and Netflix work on similar plans — Apple builds a bonus system around sign-ups, viewer loyalty and production costs. — Good afternoon from 30,000 feet.
More: PhoneArena and The Information
| Javier Espinoza / Financial Times: |
Sources: the EU is set to issue new antitrust charges against Microsoft over concerns over undermining Teams competitors, despite Microsoft offering concessions — Tech group's effort to avoid action by unbundling videoconferencing app from its other software appears to have failed| Saritha Rai / Bloomberg: |
A look at 01.AI, which is launching Wanzhi, a free generative AI assistant focused on the Chinese market; CEO Kai-Fu Lee says 01.AI is nearing profitability — - His startup 01.AI is introducing its first consumer AI app — China needs a catalyst in the same way ChatGPT fueled the US| Bloomberg: |
The US, the EU, and other superpowers have funneled nearly $81B towards supporting chip companies, the first wave of ~$380B earmarked by global governments — US and allies vie with China for superconductor supremacy, powered by wave of domestic investment| New York Times: |
A look at how Elon Musk uses X to support right-wing world leaders like Narendra Modi who could help secure advantages for his businesses — Minutes after it became clear that Javier Milei had been elected president of South America's second-largest nation in November, Elon Musk posted on X: “Prosperity is ahead for Argentina.”
Threads: @karaswisher, @yonetteajoseph, @motorcityadam, @markjacobnews, @karaswisher, and @lorakolodny
Bluesky: @delexical.bsky.social, @rmac.bsky.social, and @kateconger.bsky.social
X: @ryp__, @flitteronfraud, @rmac18, @rmac18, @ericgeller, @kateconger, and @markjacob16
Forums: Hacker News, r/RealTesla, and r/inthenews
| Matthew Green / @matthew_d_green: |
Following attempts to malign Signal as insecure by Telegram's CEO and Elon Musk, a look at why Signal is widely regarded by experts as more secure than Telegram — Telegram has launched a pretty intense campaign to malign Signal as insecure, with assistance from Elon Musk. The goal seems to be to get activists to switch away from encrypted Signal to mostly-unencrypted Telegram. I want to talk about this a bit. 1/
More: Benzinga and Business Insider
Threads: @renee.diresta, @renee.diresta, @renee.diresta, and @renee.diresta
| Melissa Korn / Wall Street Journal: |
A look at the rise and fall of 2U, which provides online degree programs for top US universities and is currently valued at ~$30M, down from $5B+ in 2018 — In May 2018, employees from education technology company 2U paraded through the streets of New Orleans, beads and booze abundant … | Reuters: |
Sources: Shein steps up preparations for a London listing amid regulatory hurdles for a New York IPO; a source says Shein plans to file in London as soon as May — Fast-fashion giant Shein is stepping up preparations for a London listing after its attempt to float itself …
More: TechNode, Proactive, The Guardian, City A.M., and The Sunday Times
| Bloomberg: |
The EU designates Booking as a DMA gatekeeper, saying “holidaymakers will start benefiting from more choice and hotels will have more business opportunities” — - Travel site is designated as a ‘gatekeeper’ under EU's DMA — X avoids rules for now as officials open probe into its status
More: Reuters and European Commission
| Arjun Kharpal / CNBC: |
SoftBank reports a $4.6B gain on its Vision Fund in the fiscal year to March 2024, the first gain since 2021, after ByteDance and DoorDash rose in value — SoftBank posted a 724.3 billion Japanese yen ($4.6 billion) gain on its Vision Fund in the fiscal year ended March …
More: Benzinga, RTÉ, Reuters, Bloomberg, and Financial Times
| Stuart Condie / Wall Street Journal: |
An Australian judge refuses the eSafety commissioner's request to extend an order for X to hide a video of a religious leader's stabbing, without giving reasons — Elon Musk previously said he was worried that if any country is allowed to censor content for all countries, then any country could control the entire internet
More: The Guardian, Financial Times, Reuters, Benzinga, The Verge, and Social Media Today
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