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May 31, 2024, 12:20 PM
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Top News

Abner Li / 9to5Google:
Google explains AI Overviews' viral mistakes and updates its systems, including “better detection for nonsensical queries” and limiting satire and humor content  —  Google this afternoon published a long response about AI Overviews and their accuracy.
Reuters:
Sources: TikTok is working on a clone of its recommendation algorithm for its US users that may result in a version that operates independently of ByteDance  —  TikTok is working on a clone of its recommendation algorithm for its 170 million U.S. users that may result in a version …
Mark Gurman / Bloomberg:
Sources: Apple plans to overhaul Siri with more advanced AI, a move that would allow Siri to take command of all the features within apps for the first time  —  - The feature will be at the heart of renewed Apple push into AI  — Idea is to operate features within individual apps using voice
Sarah Perez / TechCrunch:
Spotify creates a refund process for its discontinued Car Thing gadget, as consumers sue claiming Spotify misled them by selling a soon-to-be obsolete product  —  Spotify is facing continued backlash over its decision to discontinue support for Car Thing, its in-car streaming device …
Emily Nicolle / Bloomberg:
Tether acquires a $100M stake in US-listed bitcoin miner Bitdeer owned by Chinese billionaire Jihan Wu, with an option to buy $50M more in shares within a year  —  - Bitcoin miner is owned by the Chinese billionaire Jihan Wu  — Bitdeer was previously in talks with private credit firms
Devin Coldewey / TechCrunch:
Researchers claim that 2,107 US voters, mostly older, white Republican women, accounted for spreading 80% of the fake news on Twitter during the 2020 election  —  A pair of studies published Thursday in the journal Science offers evidence not only that misinformation on social media changes minds …
Dan Fitzpatrick / Forbes:
OpenAI unveils ChatGPT Edu, an “affordable” version for universities, including GPT-4o access, custom GPT creation, and higher message limits than the free tier  —  OpenAI has announced ChatGPT Edu.  This will be a specialized version of its AI platform designed specifically for universities.
Paul Sawers / TechCrunch:
The European Commission designates Temu as a “very large online platform” and says the company will have to comply with DSA rules by the end of September 2024  —  Temu, the super low-cost e-commerce marketplace owned by Chinese online retailer Pinduoduo, is to face …
Dan Primack / Axios:
Sources: Vista Equity has written off the entire value of its investment in tech learning platform Pluralsight, three years after taking it private for $3.5B  —  - One source says that the Utah-based company's financials have improved, with a around 26% EBITDA growth in 2023 …
Kurt Wagner / Bloomberg:
How Meta revamped Facebook's feed to show more posts from outside a person's network of friends and family, in a move to fight TikTok and win back younger users  —  - Feed now features a broader array of posts based on interest  — More young adults are back on Facebook after years of declines
Axios:
The US Treasury Department plans to make the IRS' Direct File program permanent from the 2025 tax season and invites all states and Washington DC to participate  —  - Treasury announced earlier this month that more than 140,000 people participated in the Direct File pilot program …
Forbes:
OpenAI is hiring research engineers to rebuild its robotics team; sources: the company plans to develop tech that robot makers will integrate into their systems  —  After disbanding its efforts to build a general purpose robot in 2020, the AI juggernaut is embarking on a new attempt …
Evgeny Obedkov / Game World Observer:
Sony says PS5 generated $106B in revenue in less than four years vs. PS4's $107B over seven years, PS5 in-game purchases spending up 176% over PS4, and more  —  Sony has published its annual business briefing.  Here are the key takeaways about the performance of the PlayStation business and updates to the company's gaming strategy.
Ben Thompson / Stratechery:
A look at the different approaches to AI integration and modularization taken by Google, AWS, Microsoft, Nvidia, Meta, and Databricks, and the implications  —  Satya Nadella, in last week's Stratechery Interview, said in response to a question about Google and AI:

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From Mediagazer

Lucas Manfredi / The Wrap:
Paramount reports Q4 revenue of $8.15B, a net loss of $573M, and DTC revenue up 10% YoY to $2.213B; Paramount+ subs reach 78.9M, up 4%

Corbin Bolies / The Wrap:
At Semafor's media summit, FCC Chairman Brendan Carr said too much of the national news media is “drastically out of touch with where the American people are”

Matthew Keys / TheDesk.net:
Nexstar lays off on-air staffers at LA's KTLA and New York's WPIX, after similar cuts at WGN in Chicago, as the company pursues a merger with Tegna

More News

Larry Dignan / Constellation Research:
MongoDB reports Q1 revenue up 22% YoY to $450.6M, vs. $439.91M est., and cuts its Q2 and FY 2025 outlook on slower Atlas demand; MDB drops 23%+
Ryan Browne / CNBC:
Sweden-based Doconomy, which helps bank customers measure the carbon footprint of everyday spending, raised a €34M Series B co-led by UBS and CommerzVentures
Jaspreet Singh / Reuters:
Dell reports Q1 revenue up 6% YoY to $22.24B, vs. 21.64B est., and expects its adjusted gross margin rate to decline in FY 2025; DELL drops 17%+

Earlier Picks

Hayden Field / CNBC:
Sources and docs: Twitch will end the contracts of its current Safety Advisory Council members; the new council will be mostly composed of Twitch Ambassadors
Emma Roth / The Verge:
Meta begins rolling out TweetDeck-style customizable feeds on Threads globally, following a test that started earlier this month
Gerrit De Vynck / Washington Post:
OpenAI disrupted five covert influence operations in the past three months that used its tools to try to manipulate public opinion or shape political outcomes
Kyle Wiggers / TechCrunch:
On X, Paul Graham says claims about YC firing Sam Altman are “not true”, and Altman left because he wanted to work full-time on OpenAI as its CEO
Jess Weatherbed / The Verge:
Google rolls out new features to Android, including editing sent messages in Google Messages, improvements to instant hotspot, a Google Home widget, and more
Dan Goodin / Ars Technica:
Lumen details how malware bricked 600K+ routers connected to an autonomous system number belonging to a US ISP in October 2023; the ISP seems to be Windstream
Mike Corder / Associated Press:
Europol says police in Germany, the UK, the US, and others took down botnets spreading ransomware via infected emails, arrested four, and seized 2,000+ domains
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