| Sara Fischer / Axios: |
Meta adds Dina Powell McCormick, who served as deputy national security adviser to Trump in his first term, and Stripe CEO Patrick Collison to its board — Dina Powell McCormick, a prominent banking executive and former Republican official, and Stripe CEO Patrick Collison are joining Meta's board, Axios has learned.| Tripp Mickle / New York Times: |
Sources: Tim Cook approved a plan to double the AI chip budget for John Giannandrea's team in 2023, but CFO Luca Maestri cut the increase to less than half that — Even before President Trump's tariffs threatened to upend Apple's manufacturing business in China, the company's struggle … | Ellen O'Regan / Politico: |
Ireland's DPC opens an investigation into how personal data in public X posts was used to train xAI's Grok, which could stoke tensions between the EU and the US — The investigation threatens to stoke further tensions between the EU and U.S. over tech rules.| Kyle Wiggers / TechCrunch: |
OpenAI plans to retire GPT-4, launched in March 2023, from ChatGPT on April 30, to be “fully replaced” by GPT-4o; GPT-4 will remain available via OpenAI's API — OpenAI will soon retire GPT-4, an AI model it launched over two years ago, from ChatGPT, according to a changelog posted on Thursday.| Anton Shilov / Tom's Hardware: |
China exempts products from AMD, Nvidia, Intel, Qualcomm, and others that are made by Taiwanese companies like TSMC from the 125% tariff on US products — Killing two birds with one stone. — Amid a fierce trade war with the US, China's General Administration of Customs has changed … | Bloomberg: |
Netflix is testing an OpenAI-powered search engine that lets users find shows via inquiries that go beyond genres or actors' names, like the subscriber's mood — The OpenAI-powered search engine lets customers look for shows using far more specific terms, including the subscriber's mood, for example, the company said.| Kyle Wiggers / TechCrunch: |
A group of former OpenAI employees files an amicus brief in support of Elon Musk in his lawsuit opposing OpenAI's for-profit transition — A group of ex-OpenAI employees on Friday filed a proposed amicus brief in support of Elon Musk in his lawsuit against OpenAI, opposing OpenAI's planned conversion … | Financial Times: |
Sources: Ilya Sutskever's Safe Superintelligence raised $2B led by Greenoaks at a $32B valuation; SSI last raised $1B at a $5B valuation in September 2024 — Start-up raises $2bn, underscoring investors' keen appetite for bankrolling AI groups despite US economic tumult| Natalie Lung / Bloomberg: |
YipitData: Waymo's robotaxis made up about 20% of rides offered by Uber in Austin in the last week of March, after launching on March 4 — Waymo robotaxis made up about 20% of rides offered by Uber Technologies Inc. in Austin in the last week of March, underscoring how consumers have warmed … | Ari Levy / CNBC: |
Filing: Founders Fund has closed a $4.6B late-stage venture fund; source: a substantial amount of the capital was provided by the firm's general partners — Founders Fund, the venture capital firm run by billionaire Peter Thiel, has closed a $4.6 billion late-stage venture fund … | Sean O'Kane / TechCrunch: |
Blue Water Autonomy, which says it is building a 100-ton autonomous naval ship, emerges from stealth with a $14M seed from Eclipse VC, Riot, and Impatient — A new ship-building startup called Blue Water Autonomy has emerged from stealth with the promise of developing captain-less naval ships.| Jay Peters / The Verge: |
Microsoft rolls out Recall in preview to Copilot+ PCs, after delaying the feature twice, from June 2024 and October 2024, over security and privacy concerns — The long-delayed feature will begin gradually rolling out to Windows Insiders. … This new rollout could indicate that Microsoft … | Wall Street Journal: |
Sources: Binance asked the US Treasury last month to loosen oversight on its AML compliance, after Binance entered into deal talks with Trump's crypto venture — Executives for the cryptocurrency exchange met with Treasury officials last month after the company entered into talks with a Trump family venture| Reuters: |
China's retail giants launch initiatives to help Chinese exporters pivot to the domestic market in response to the US trade war; JD.com launched a ~$27.35B fund — China's retail giants have launched initiatives in the past few days aimed at helping Chinese exporters pivot to the domestic market, as a U.S.-China trade war intensifies.| Sophie McEvoy / GamesIndustry.biz: |
Newzoo: global consumer spending for PC and console gaming fell 2% YoY to $80.2B in 2024, with console revenues leading market share with $42.8B, down 3.9% YoY — Firm estimates PC and console gaming market to reach $92.7 billion by 2027 — Global consumer spending for PC and console gaming fell … | Business Insider: |
US Defense Secretary Pete Hegseth cuts $5.1B in IT and consulting contracts, such as with Accenture, Deloitte, and Booz Allen, calling them “wasteful spending” — - US Defense Secretary Pete Hegseth ordered cuts at the Pentagon including some consulting contracts.| Aisha S Gani / Bloomberg: |
Revolut plans to add UK stocks to its trading platform as some investors look to diversify away from US equities, and says it has over 800K UK trading customers — Revolut plans to add UK stocks to its trading platform in the coming days as some investors look to diversify away from US equities …
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