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June 12, 2024, 6:40 AM
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| Hayden Field / CNBC: |
Elon Musk withdraws his lawsuit against OpenAI, Sam Altman, and Greg Brockman, filed in California in February 2024 over breach of contract and fiduciary duty — Elon Musk on Tuesday withdrew his lawsuit against OpenAI and two of the company's co-founders, Sam Altman and Greg Brockman, in California state court.
More: CNN, Reuters, Wall Street Journal, The Verge, Financial Express, The Guardian, The Register, Silicon Republic, PYMNTS.com, Engadget, Ars Technica, Business Insider, Silicon UK, Coinspeaker, CoinGape, Blockonomi, Mashable, The Decoder, Bloomberg, Tech Xplore, MSPoweruser, The Crypto Times, Benzinga, Business Today, Decrypt, New York Times, Axios, Financial Times, Silicon Valley Business …, Bloomberg Law, The Hollywood Reporter, Cointelegraph, CryptoSlate, NewsBytes, Newser, and Coinpedia Fintech News
Forums: Hacker News, r/TheAllinPodcasts, r/singularity, r/NewsOfTheStupid, r/news, r/musked, r/RealTesla, and r/OpenAI
| Verne Kopytoff / Fortune: |
In an interview, OpenAI CTO Mira Murati responded to Elon Musk's denouncement of Apple's OpenAI deal, saying OpenAI cares deeply about user privacy and security — A top OpenAI executive defended her company against Elon Musk, a day after the billionaire CEO described the integration …
More: Deadline, The Verge, Ars Technica, The Daily Beast, and CBS News
X: @elonmusk, @kyliebytes, @fortunempw, @fortunempw, @fortunempw, @fortunempw, @fortunempw, and @lexnfx
| Mark Gurman / Bloomberg: |
Sources: Samsung is combining its AI-focused research centers in Toronto and Mountain View to improve operations; ex-Apple exec Murat Akbacak will run the group — - Company is combining Toronto and California research centers — Apple's Murat Akbacak will be leading the new division| Ryan Vlastelica / Bloomberg: |
Apple shares closed up 7.3% at $207.15 in their biggest one-day jump since November 2022, giving the company a $3.18T market cap, just under Microsoft's $3.22T — - The return to all-time high comes after Monday conference — Shares have underperformed most other big tech names this year
More: Silicon Republic, MacRumors, 9to5Mac, MarketWatch, Reuters, The Information, Benzinga, Irish Examiner, Axios, CNBC, Benzinga, Benzinga, The Economic Times, and BNN Bloomberg
X: @rachelmetz, @seyitaylor, @markgurman, @benbajarin, @stevesi, @markgurman, and @munster_gene. Forums: MacRumors Forums
| Mariella Moon / Engadget: |
X says the platform will make Likes private for everyone this week, meaning users will no longer be able to see who liked someone else's post — Likes on the website will no longer cause PR crises for public figures. — Thanks to X showing what its users “like” on its platform … | Usama Jawad / XDA Developers: |
Microsoft is removing the Custom GPT Builder feature from the consumer version of Copilot Pro on July 10, just three months after launching the feature — Microsoft has decided to retire GPT Builder in Copilot Pro for consumers, just three months after it began rolling out the service broadly.| Sergiu Gatlan / BleepingComputer: |
Dutch agencies: 20K+ FortiGate systems were hacked in a Chinese cyber-espionage campaign in 2022 and 2023, at least two months before FortiGate noted the flaw — The Dutch Military Intelligence and Security Service (MIVD) warned today that the impact of a Chinese cyber-espionage campaign unveiled earlier …
More: Ars Technica, The Record, Tech Times, Infosecurity, The Hacker News, DeviceSecurity.io, CRN, CyberScoop, and The Stack
X: @arekfurt, @arekfurt, @arekfurt, and @jackson5_sec
Forums: r/privacy, r/hacking, and r/technology
| Simon Sharwood / The Register: |
China's Ministry of Commerce issues a policy for expanding the nation's cross-border e-commerce industry and to promote the construction of offshore warehouses — Calls for massive cross-border e-commerce expansion at home and abroad — China's Ministry of Commerce has issued a policy calling …
More: Reuters and PYMNTS.com
| Nilay Patel / The Verge: |
Q&A with Cohere CEO Aidan Gomez on co-authoring the “Attention is all you need” paper at Google, focusing on enterprise, whether there's an AI bubble, and more — Enterprise is the pathway to profit, Gomez says, but maybe don't ask it to do medicine quite yet.| Jordan Novet / CNBC: |
Oracle reports Q4 revenue up 3% YoY to $14.29B, vs. $14.55B est., net income down 5% to $3.14B, announces deals with Google and OpenAI; ORCL jumps 7%+ — Oracle shares jumped as much as 9% in extended trading on Tuesday after the software maker announced cloud deals with Google and OpenAI …
More: Oracle, Oracle, AOL, WinBuzzer, Oracle, SiliconANGLE, Reuters, Constellation Research, Yahoo Finance, and Benzinga
X: @oracle, @ericjhonsa, @googlecloudtech, @thomasortk, @quinnypig, and @oracle. LinkedIn: Mahesh Thiagarajan
| Max A. Cherney / Reuters: |
Sources: MediaTek is designing an Arm-based chip for Windows laptops, slated to launch late in 2025 after Qualcomm's exclusive deal expires — Taiwanese chip design giant MediaTek (2454.TW) is developing an Arm-based personal computer chip that will run Microsoft's (MSFT.O) Windows operating system …
More: PC Gamer, MSPoweruser, WinBuzzer, Neowin, Wccftech, Patently Apple, Thurrott, How-To Geek, and CCS Insight
| Joyce Lee / Reuters: |
SK Telecom says South Korean AI chip developers Rebellions and Sapeon Korea are pursuing a merger, in a bid to boost chip share in the next two to three years — South Korean AI chip developers Rebellions Inc and Sapeon Korea Inc are pursuing a merger, Sapeon parent SK Telecom Co (017670.KS) …
More: TechCrunch, Bloomberg, and The Korea Herald
| Reuters: |
Brazil's government hires OpenAI to expedite the screening and analysis of thousands of lawsuits using AI, providing insights to the solicitor general's office — Brazil's government is hiring OpenAI to expedite the screening and analysis of thousands of lawsuits using artificial intelligence … | Diana Li / Bloomberg: |
Filings: Michael Dell plans to sell 10M Dell shares worth $1.3B, after selling $1.6B in shares earlier in 2024; Dell sold $1.7B in 1999 before the bubble burst — - Dell filed to sell 10 million shares now worth $1.3 billion — His hardware company surged this year on AI optimism| Charles Gorrivan / Bloomberg: |
Rubrik reports Q1 revenue up 38% YoY to $187.3M, above $171.5M est., and ARR up 46% YoY to $856.1M, in the cybersecurity company's inaugural post-IPO earnings — - Rubrik's revenue and subscription revenue both beat forecasts — Firm went public at a volatile time for cybersecurity firms
More: Investor's Business Daily, Rubrik, Investing.com, and SiliconANGLE
| Tobias Mann / The Register: |
UAE Minister of AI and Digital Economy Omar Al Olama says fears over China using Middle Eastern countries to overcome US sanctions on AI chips are “valid” — But we're America's friends, insists Omar Al Olama — Fears that China could be using Middle East countries as a proxy … | Varsha Bansal / Rest of World: |
Sources detail struggles at Koo, an Indian rival to X, including laying off ~80% of its workforce in recent months and being unable to raise more funds — The microblogging platform — India's first in over 10 languages — went from booming international expansion to near closure in just four years.| Reuters: |
Four Indian retailer associations representing 90K grocery shops say monthly sales are dropping by 10% to 60% for some due to the rise of quick commerce apps — In a middle-class suburb of Mumbai, workers at SoftBank-backed Swiggy's grocery warehouse race against time to deliver orders within 10 minutes.| Arno Schuetze / Bloomberg: |
German startup Black Semiconductor raised €254M, comprising €229M in public grants and €26M in equity, to build chips using graphene for mass production in 2031 — - Black Semiconductor raises funds from state, venture backers — Graphene seen as promising but yet to see wide commercial use
More: TechCrunch, eeNews Europe, Sifted, EU-Startups, and Silicon Canals. LinkedIn: Black Semiconductor
| Zachery Eanes / Axios: |
Raleigh, NC-based Relay, which makes walkie-talkies that can provide real-time location data, do live translation, and more, raised a $35M Series B led by G2 — - The tool has proven useful in fields like hospitality, with hotel workers using them between floors, as well as in health care, education and manufacturing, Chuang said.| Benjamin Hoffman / New York Times: |
How some people are using the term “slop” as a descriptor for low-grade AI material, after emerging in reaction to the release of AI art generators in 2022 — A new term has emerged to describe dubious A.I.-generated material. — You may not know exactly what “slop” means in relation to artificial intelligence.| Muyao Shen / Bloomberg: |
“Tap-to-earn” games like Hamster Kombat, a mini-app with more than 31M followers on Telegram, could become the defining trend of the current crypto bull market — It's all a game — “Tap-to-earn” is the latest gaming craze on messaging platform Telegram.| Haleluya Hadero / Associated Press: |
Amazon plans to invest $1.4B to build or maintain 14K affordable houses near its offices, on top of its prior $2.2B housing investment in 2021 in WA, VA, and TN — Amazon is adding $1.4 billion to a fund it established three years ago for preserving or building more affordable housing …
More: GeekWire, Bloomberg, and About Amazon
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