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May 23, 2024, 6:35 AM
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| André Beganski / Decrypt: |
The US House passes the Financial Innovation and Technology for the 21st Century Act, or FIT21, which would create a regulatory framework for digital assets — Dubbed the Financial Innovation and Technology for the 21st Century Act, or FIT21, the measure was approved by the House of Representatives with a 279-136 vote.
More: Financial Services Committee, US Securities …, Politico, CoinDesk, DL News, Reuters, Representative Nancy Pelosi, Coinspeaker, Bitcoin Insider, CCN.com, Cryptopolitan, Fortune, Business Today, The Block, Crowdfund Insider, PYMNTS.com, Crypto Adventure, Blockonomi, Cryptonews, Coinpedia Fintech News, The Crypto Basic, CoinGape, Cointelegraph, VentureBeat, The Crypto Times, crypto.news, Crypto Briefing, CryptoPotato, The Daily Hodl, CryptoSlate, The Block, The Block, Washington Examiner, The Hill, CNBC, MarketWatch, CoinDesk, Cointelegraph, CoinDesk, Watcher Guru, Blockworks, CoinDesk, CoinDesk, Forkast, CryptoSlate, Cointelegraph, and crypto.news
X: @jchervinsky, @repjohnrose, @brian_armstrong, @gopmajoritywhip, @ryansadams, @adamscochran, @jessepollak, @financialcmte, @eleanor_mueller, @adamscochran, @iamnomad, @repwileynickel, @repwileynickel, @rewkang, @adamscochran, @adamscochran, @eleanor_mueller, @twobitidiot, @blockgraze, @kmsmithdc, @iampaulgrewal, @jbsdc, @yugacohler, @jessepollak, @adamscochran, @bradsherman, @eleanor_mueller, and @yugacohler
| Nitasha Tiku / Washington Post: |
Documents and sources: OpenAI didn't use Scarlett Johansson's voice for ChatGPT's Sky and hired another actress months before Sam Altman contacted Johansson — A different actress was hired to provide the voice for ChatGPT's ‘Sky,’ according to documents and recordings shared with the Washington Post.
More: Android Authority, Spyglass, The Verge, Engadget, iThinkDifferent, and Android Central
Bluesky: @fitzstartz.bsky.social. X: @buccocapital, @pstasiatech, @harrymccracken, @mszafranski413, @yoda, @nitashatiku, @willoremus, @blind_steel, and @carnage4life
Forums: Hacker News, r/aiwars, r/technology, r/neoliberal, r/ChatGPT, r/OpenAI, and r/singularity
| Kif Leswing / CNBC: |
Nvidia reports Q1 revenue up 262% YoY to $26.04B, vs. $24.65B est., forecasts Q2 revenue above est., and splits its stock 10-for-1; NVDA jumps 5%+ — Nvidia shares topped $1,000 for the first time in extended trading on Wednesday after the chipmaker reported fiscal first-quarter results that topped analyst estimates.
More: The Guardian, Wall Street Journal, Morningstar, Inc., PC Gamer, Bloomberg, TrendForce Insights, Daily Maverick, AIM, CoinXposure, The Irish Times, Semafor, Patently Apple, CoinGape, Watcher Guru, Crypto Briefing, Neowin, Constellation Research, FX Empire, and Bloomberg
X: @levie, @thetranscript_, @munster_gene, @thetranscript_, @scobleizer, @thetranscript_, @thetranscript_, @munster_gene, @kristinaparts, @benbajarin, @divestech, @economyapp, @jimcramer, @mgsiegler, @munster_gene, @thetranscript_, @thetranscript_, @thetranscript_, @kristinaparts, @carnage4life, @benbajarin, @benbajarin, @nearcyan, @thetranscript_, @munster_gene, @jonerlichman, @munster_gene, @morningbrew, @munster_gene, @munster_gene, @alex, @bloombergasia, @munster_gene, @munster_gene, @lastcallcnbc, @lastcallcnbc, @sawyermerritt, @thetranscript_, @benbajarin, @benbajarin, @lexnfx, @thetranscript_, and @morningbrew. LinkedIn: Anthony Robbins
Forums: r/wallstreetbets and Slashdot
| Asa Fitch / Wall Street Journal: |
| Wall Street Journal: |
News Corp and OpenAI announce a multiyear agreement to bring News Corp's news content to OpenAI; sources say the deal could be worth $250M over five years — Agreement could generate over $250 million over five years for News Corp in cash and credits — Wall Street Journal owner News Corp struck …
More: OpenAI, The Register, Business Standard, Silicon Republic, Engadget, News Corp, Cybernews.com, MEDIANAMA, City A.M., Investing.com, Tech Xplore, Bloomberg, The Decoder, Neowin, MSPoweruser, CoinGape, PYMNTS.com, Digiday, Bizcommunity, VentureBeat, Digital Trends, SiliconANGLE, New York Post, The Information, The Crypto Times, Washington Post, Axios, Variety, CNBC, Benzinga, The Hollywood Reporter, The Verge, and Reuters
Threads: @edmundlee. Mastodon: @jeffjarvis@mastodon.social. X: @grantstern, @_felixsimon_, @maxwelltani, @minimaxir, @maxwelltani, @openai, @ikrietzberg, and @froomkin
LinkedIn: Nicholas Gray and Artem Fishman
Forums: Hacker News, r/friendlyjordies, r/australia, and r/ChatGPT
| Sarah Perez / TechCrunch: |
Google Pay now lets users see their card benefits and perks before selecting a card, use BNPL on more sites, and fill in card details through biometrics or PIN — Google Pay is rolling out a number of updates that capitalize on its integrations with other Google products, like Android and the Chrome browser.| Emilia David / The Verge: |
Truecaller partners with Microsoft's Azure AI Speech to let its AI Assistant users create an AI version of their voice to answer calls based on a recorded clip — Caller ID company Truecaller will let users create an AI version of their voice to answer calls.| Mayank Parmar / BleepingComputer: |
Microsoft users report a massive outage impacting Bing.com, Copilot for web and mobile, Copilot in Windows, and more; ChatGPT and DuckDuckGo have similar issues — A massive Microsoft outage affects Bing.com, Copilot for web and mobile, Copilot in Windows, ChatGPT internet search and DuckDuckGo.
More: TechCrunch, Engadget, Search Engine Roundtable, and PCWorld
X: @duckduckgo, @ecosia, @msft365status, @leshaque, @uwukko, @rustybrick, @rustybrick, and @mayank_jee
| Kelsey Piper / Vox: |
Leaked OpenAI documents show aggressive tactics toward ex-staff, and contradict leadership's comments on being unaware of provisions about equity cancellation — On Friday, Vox reported that employees at tech giant OpenAI who wanted to leave the company were confronted with expansive and highly restrictive exit documents.
More: Business Insider, Neowin, and Pixel Envy
Threads: @crumbler. Mastodon: @annmlipton@esq.social. Bluesky: @annmlipton.bsky.social and @marypcbuk.bsky.social
X: @kelseytuoc, @2020science, @kelseytuoc, and @jmannhart
LinkedIn: Harish Pillay and Jeremy Kahn
Forums: tedivm on Hacker News, Hacker News, r/OpenAI, and r/singularity
| Aisha Malik / TechCrunch: |
TikTok launches its Symphony AI suite for brands, using generative AI to let marketers write scripts, produce videos, and enhance current assets — TikTok is the latest tech company to incorporate generative AI into its ads business, as the company announced on Tuesday that it's launching a new “TikTok Symphony” AI suite for brands.
More: The Rundown AI, ExchangeWire.com, The Keyword, Social Media Today, Campaign, and Digiday
X: @liahaberman and @liahaberman
| Bloomberg: |
Xiaomi reports Q1 revenue up 27% YoY to ~$10.4B, above ~$10.3B est., net profit down 1% YoY to ~$588M, above ~$572M est., and smartphone shipments up 34% YoY — - Company's revenue rose for the third consecutive quarter — Electric car SU7's reception solid since March debut
More: Reuters and Xiaomi Corporation
| Alex Seitz-Wald / NBC News: |
New Hampshire indicts Steve Kramer, the political consultant who admitted to commissioning the deepfake robocall of Biden, on five counts, including bribery — Steve Kramer, the Democratic consultant whom NBC News first linked to the robocall impersonating the president, is facing five counts in New Hampshire.| Reuters: |
South Korea announces a ~$19B support package for its domestic chip industry and asks the Industry Ministry to strengthen the country's non-memory chip sector — South Korea announced on Thursday revised plans for a support package for the country's vital semiconductor industry worth 26 trillion won …
More: Tech Monitor, Reuters, Benzinga, KED Global, Bloomberg, Yonhap News Agency, and Tech Xplore. X: @bloombergasia
| James Batchelor / GamesIndustry.biz: |
Embracer reports FY2022-23 net sales up 12% YoY to ~$3.9B, PC/console games up 7% YoY to ~$1.3B, and mobile up 2% YoY to $551M; its CFO and deputy CEO step down — CEO Lars Wingefors says past fiscal year was “transformative” as group presses on towards three-way split — News by James Batchelor Editor-in-chief
More: Game Developer, GamesIndustry.biz, Embracer Group, Reuters, Embracer Group, and Variety
| Rachel Graf / Bloomberg: |
UK tech tycoon Mike Lynch is set to take the stand in his own defense against charges of duping HP, a rare and bold decision; Lynch also took the stand in 2019 — - Lynch set to take stand Wednesday as key defense witness — Entrepreneur is charged with misleading HP about his startup
More: The Guardian and Telegraph
| Daniel Kuhn / CoinDesk: |
Q&A with Taiwan's ex-Digital Minister Audrey Tang on Plurality, a book on collaboration-enhancing tech she wrote with Microsoft's internal economist Glen Weyl — The island-country's digital minister has radical ideas for using open-source technology to provide public goods.
X: @ebothorel, @chrisblanduk, @vitalikbuterin, and @coindesk
| Bloomberg: |
How social e-commerce app Xiaohongshu has defied China's tech sector crackdown and boomed through a combination of influencers, AI, and soft marketing tactics — - Xiaohongshu's profit last year beat peers including Weibo — The two co-founders have a combined fortune of $6 billion| Counterpoint Research: |
Global foundry revenue rose 12% YoY in Q1 2024, but dropped 5% QoQ; TSMC's market share rose 1% YoY to 62%, Samsung rose 2% YoY to 13%, and SMIC rose 1% to 6% — - The foundry industry is experiencing a relatively slow recovery with 5% QoQ decline in Q1 2024, citing a softer recovery of general end market.
More: CNBC, Light Reading, and The Register
| David Shepardson / Reuters: |
US FCC Chairwoman Jessica Rosenworcel proposes requiring the disclosure of content generated by AI in political ads on radio and TV, citing the use of deepfakes — U.S. Federal Communications Commission Chairwoman Jessica Rosenworcel on Wednesday proposed requiring disclosure of content generated … | Sara Fischer / Axios: |
Source: the US DOJ and state AGs plan to sue Live Nation on Thursday for illegally abusing its live ticketing monopoly through its 2010 Ticketmaster acquisition — - It will argue that Live Nation leveraged Ticketmaster's exclusive contracts with concert venues to maintain a monopoly …
More: Bloomberg, New York Times, Financial Times, CNN, KRQE-TV, Washington Post, Digital Music News, and The Verge. Forums: r/law
| Financial Times: |
Meta's Yann LeCun says LLMs won't reach human intelligence and instead FAIR is working on a “world modeling” vision, to create AI that can develop common sense — Yann LeCun argues current AI methods are flawed as he pushes for ‘world modelling’ vision for superintelligence
More: PCMag, Hindustan Times, Social Media Today, VentureBeat, AIM, PYMNTS.com, and Forbes
X: @ylecun, @ylecun, @natolambert, @martinsignoux, @jthomasburgess, @vivatech, and @_willfalcon. Forums: Slashdot
| Emma Roth / The Verge: |
Bluesky now lets users send DMs and says the service is working on adding support for messages with images and end-to-end encryption — Bluesky will now let you send a direct message to other users. For now, you can only send messages containing text, but Bluesky is working on adding support for images and videos.
More: Bluesky, TechCrunch, Mashable, 9to5Mac, Digital Trends, PhoneArena, We Distribute, iThinkDifferent, and Engadget
| Sarah Zheng / Bloomberg: |
US-listed PDD, which runs Temu and Pinduoduo, reports Q1 revenue up 131% YoY to ~$12B and operating profit up 275% YoY to ~$3.6B, as global expansion gains pace — - The upstart Chinese player beats most results expectations — PDD remains upbeat on the outlook for Chinese consumptionSponsor Posts
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