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May 28, 2024, 12:10 PM
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Top News

Cade Metz / New York Times:
OpenAI creates a Safety and Security Committee to explore AI risks and begins training its new flagship AI model, which won't arrive for at least nine months  —  The advanced A.I. system would succeed GPT-4, which powers ChatGPT.  The company has also created a new safety committee to address A.I.'s risks.
xAI:
xAI raised a $6B Series B from Valor, Vy Capital, a16z, Sequoia, Saudi Arabia's Kingdom Holding, and others, Elon Musk says at an $18B pre-money valuation  —  xAI is pleased to announce our series B funding round of $6 billion.  —  xAI is pleased to announce...
Axios:
Elon Musk says all of the $6B in xAI's Series B is new money, rather than shares “given” to investors in his Twitter takeover; some investors also backed OpenAI
Shaurya Malwa / CoinDesk:
Defunct bitcoin exchange Mt. Gox, which collapsed in 2014, moves 140K+ bitcoin, worth ~$9B, to an unknown address, likely as part of a plan to repay creditors  —  Nearly 107,000 bitcoin have been moved since early Asian hours on Tuesday, with bitcoin shedding 1.2% on expectations of selling pressure.
Ivan Mehta / TechCrunch:
Google unveils new AI features for Chromebook Plus devices, including Gemini, and says new Chromebook Plus owners will get a free year of Google One AI Premium  —  Google announced new AI-powered features today for its Chromebook Plus line of devices, such as a writing assistant …
Zachary Small / New York Times:
Hacking group RansomHub claims to be behind the cyberattack that hit Christie's and threatens to release sensitive information about the auction house's clients  —  The hacking group RansomHub is threatening to release “sensitive personal information” about the auction house's clients.
CNBC:
T-Mobile plans to acquire most of UScellular, including stores, some of the wireless operator's spectrum, and its customers, in a $4.4B deal, including $2B debt  —  Shares of U.S. Cellular popped nearly 6% Tuesday after T-Mobile announced that it plans to acquire most of the company …
Yuan Gao / Bloomberg:
Chinese government data: foreign-branded smartphone shipments, most of which are iPhones, rose 52% YoY to ~3.5M in April, after stabilizing in March 2024  —  - Official data for April showed Chinese mobile demand returning  — The iPhone's bad start to the year prompted retail price cuts
Washington Post:
A look at “prebunking”, or exposing people to low doses of misinformation with explanations to grow “mental antibodies” to disinformation, ahead of US elections  —  Election officials around the world are adopting “prebunking” campaigns, as AI and other threats jeopardize voting.
Ingrid Lunden / TechCrunch:
Private equity firm Bridgepoint buys a majority stake in LumApps, used by ~700 organizations to build and provision comms and workforce apps, in a $650M deal  —  Big news today for LumApps, the French startup that describes itself as an “intranet superapp” with a platform for building …
More: LumApps

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From Mediagazer

Abner Li / 9to5Google:
YouTube launches genre-specific YouTube TV Plans as lower-cost alternatives to the $82.99 monthly subscription; the Sports Plan is priced at $64.99 per month

Max Tani / Semafor:
Source: WaPo planned a marketing campaign with a new slogan, We The People, but dropped it after MS Now launched a $20M brand campaign with the same slogan

Laya Neelakandan / CNBC:
Trump endorses Nexstar's $6.2B acquisition of Tegna, saying “We need more competition against THE ENEMY, the Fake News National TV Networks”

More News

John Koblin / New York Times:
A look at the growing importance of ads for video streaming services, as Antenna says that 56% of new subscribers chose the cheaper ad-supported tier in Q1 2024

Earlier Picks

Lulu Garcia-Navarro / New York Times:
Q&A with Netflix's Ted Sarandos on the state of Hollywood, shifting US tastes, programming strategy, ads, corporate activism, YouTube, live events, AI, and more
Reuters:
China set up a new ~$47.5B state-backed investment fund on May 24 as the third and largest phase of its Big Fund to boost the country's semiconductor industry
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