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June 6, 2024, 10:25 AM
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Top News

David McCabe / New York Times:
Sources: the US DOJ will take the lead in investigating whether Nvidia has violated antitrust laws; the US 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 sent civil 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
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 …
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.
Jason Schreier / Bloomberg:
How Suicide Squad became the biggest video game flop of 2024 so far, including a tumultuous and delayed development; Warner Bros. took a $200M loss on the game  —  After seven years of tumultuous development, Warner Bros. took a $200 million loss on the Rocksteady game
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.
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
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.
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
Sergiu Gatlan / BleepingComputer:
The FBI urges LockBit ransomware victims to come forward after obtaining 7,000+ decryption keys to recover data; police seized 2,500+ keys in February 2024  —  The FBI urges past victims of LockBit ransomware attacks to come forward after revealing that it has obtained over 7,000 LockBit decryption keys …
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 …
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
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.
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 …
Ben Thompson / Stratechery:
Q&A with AMD CEO Lisa Su on lessons from IBM, working with TSMC, the AMD turnaround, AI, competing with Nvidia, the gaming and PC markets, Zen chips, and more  —  This week's Stratechery Interview is with AMD CEO Lisa Su.  Su began her career at Texas Instruments, after earning her PhD …
Ellen Huet / Bloomberg:
A look back at Sam Altman's career, starting as Loopt CEO before moving to YC and founding OpenAI in 2015, as many former allies now view his charm as duplicity  —  From founding a startup at 19 to running Y Combinator at 29, the CEO behind ChatGPT is the most Silicon Valley man alive.
More: Spyglass

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The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

From Mediagazer

Bloomberg:
Sources: iHeartMedia is in preliminary talks about a possible merger with SiriusXM; the combined company would have more than $12B in sales; IHRT closes up ~35%

Michael M. Grynbaum / New York Times:
Sources: CBS News President Tom Cibrowski, EIC Bari Weiss, WHCA President Weijia Jiang, and AG Todd Blanche attended the Paramount dinner for the White House

Calista Wong / The Straits Times:
A Singapore man has been arrested and may face seven years in jail for allegedly leaking The Legend of Aang: The Last Airbender after accessing a media server

More News

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
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

Rebecca Bellan / TechCrunch:
Amazon's robotaxi unit Zoox plans to start testing its autonomous vehicles this summer in Austin and Miami, the company's fourth and fifth public testing cities
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
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