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June 6, 2024, 9:30 AM
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David McCabe / New York Times:
Sources: the US DOJ will take the lead in investigating whether Nvidia has violated antitrust laws; the FTC will lead the inquiries into OpenAI and Microsoft  —  The Justice Department and the Federal Trade Commission agreed to divide responsibility for investigating three major players in the artificial intelligence industry.
Wall Street Journal:
Source and documents: the US FTC has sent subpoenas to Microsoft and Inflection AI seeking information about how and why they negotiated their partnership  —  Commission has sent subpoenas to tech giant and startup, asking whether their partnership evaded required government review
Financial Times:
The US DOJ Assistant AG for Antitrust Jonathan Kanter says he is examining “monopoly choke points and the competitive landscape” in AI, cloud, GPUs, and chips
Kif Leswing / CNBC:
Nvidia hits a $3T+ market cap, rising over 5% on June 5, and passes Apple at $2.99T as the second most valuable public US company, behind Microsoft at $3.15T  —  Nvidia passed Apple in market cap on Wednesday as investors continue betting on the chipmaker behind the artificial intelligence boom.
Wes Davis / The Verge:
Humane tells Ai Pin owners that they should “immediately” stop using the charging case, citing issues with a battery cell that “may pose a fire safety risk”  —  Humane is telling AI Pin owners today that they should “immediately” stop using the charging case that came with its AI gadget.
Aaron Tilley / Wall Street Journal:
Sources detail how Apple fell behind in the AI race due to its AI team struggling to collaborate with other product teams, lacking computing resources, and more  —  For those who saw them, the demonstrations inside Apple increase earlier this decade of a revamped Siri offered a showcase …
Mishaal Rahman / Android Authority:
In a UK compliance statement, Apple revealed that the iPhone 15 Pro Max will receive security updates for a minimum of five years from September 2023  —  Apple will support the latest iPhones for at least five years, less than the seven years guaranteed by Samsung and Google.  —  •  —  TL;DR
Caitlin Ostroff / Wall Street Journal:
Robinhood plans to acquire crypto exchange Bitstamp for $200M, in a deal expected to close in H1 2025, and says Bitstamp will still operate under its own brand  —  Move comes a month after SEC notice of a potential lawsuit over the brokerage's crypto offerings
David Pierce / The Verge:
Carl Pei says smartphones will be the main AI form factor of the future, but the UX needs to be redefined, and Phone (3) will be Nothing's first true AI phone  —  Nothing CEO Carl Pei just published a video in which he makes two big claims: that smartphones are in fact the AI gadget of the future …
Emma Roth / The Verge:
Google will store Maps Timeline data locally on users' devices instead of their Google account starting December 1, after announcing the change in December 2023  —  Google Maps is changing the way it handles your location data.  Instead of backing up your data to the cloud, Google will soon store it locally on your device.
Wall Street Journal:
A profile of ASML CEO Christophe Fouquet, a 51-year-old Frenchman who sources say supports global tech collaboration, as ASML starts to worry about geopolitics  —  ASML makes some of the most advanced chip-making machines.  It must balance Western demands to curb China's access while keeping a foothold in a key market.
Kyle Wiggers / TechCrunch:
Stability AI releases Stable Audio Open, a text-to-audio model that generates up to 47 seconds of samples and sound effects, prohibited for commercial use  —  Stability AI, the startup behind the AI-powered art generator Stable Diffusion, has released an open AI model for generating sounds …
Kyle Wiggers / TechCrunch:
Mistral introduces AI model customization options, including an SDK for fine-tuning its models on workstations, servers, and small data center nodes  —  French AI startup Mistral is introducing new AI model customization options, including paid plans, to let developers and enterprises fine-tune …
Jenny Gross / New York Times:
Several London hospitals face major disruptions after a June 3 ransomware attack on Synnovis, which provides blood transfusion and other services to the NHS  —  A system used by several major London hospitals was targeted in a ransomware cyberattack, forcing the cancellation of services and the diversion of patients.
Bloomberg:
eBay emails customers to say the service will drop American Express cards as a payment option because of “unacceptably high fees”, starting on August 17  —  - Online marketplace calls Amex fees ‘unacceptably high’  — Change to take effect Aug. 17; Amex defends its fees
Manish Singh / TechCrunch:
Amazon acquires key assets of Indian video streaming service MX Player; a source says the deal values the streamer at <$100M, below its $500M valuation in 2019  —  Amazon has agreed to acquire key assets of Indian video streaming service MX Player from the local media powerhouse Times Internet …
More: Benzinga and Entrackr.  Forums: Slashdot

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From Mediagazer

The Guardian:
Report: CBS News is planning to hire prominent British Sky News broadcaster Trevor Phillips as a global correspondent; it's unclear what his remit would be

Janko Roettgers / The Verge:
Apple TV relies on a few tentpole titles to draw audiences, like HBO did in the past, while Netflix uses its catalog size and algorithms to keep viewers engaged

Sarah Rumpf / Mediaite:
The Washington Post faces a proposed class action lawsuit that claims the company covertly used surveillance pricing to charge loyal subscribers higher rates

More News

Andrea Shalal / Reuters:
Coinbase-backed advocacy group Stand with Crypto passes 1M members after targeting voters in swing states, including ~24K members in Georgia and 16K+ in Arizona
Wired:
Investigation: 22M+ flight coordinates show how the US' first police drone program, in Chula Vista, California, impacts residents and raises privacy concerns

Earlier Picks

Will Shanklin / Engadget:
YouTube plans to restrict some content pertaining to the real use of guns from viewers under 18 starting on June 18, a year after a watchdog group report
Ryan Weeks / Bloomberg:
Paxos International, a UAE-based affiliate of Paxos, launches Lift Dollar, or USDL, a stablecoin pegged to the US dollar that will pay a ~5% yield to holders
Reuters:
Duolingo deletes LGBTQ+ references in Russia after being warned by the country's communications regulator that the content is classed as “extremism”
Kurt Wagner / Bloomberg:
The Greater Memphis Chamber says xAI plans to develop a new facility in Memphis to house a supercomputer and could receive tax breaks and other incentives
Tom Warren / The Verge:
Google acquires software virtualization company Cameyo to deeply integrate virtualized Windows app support into ChromeOS, after a partnership in April 2023
Mediagazer memeorandum WeSmirch
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