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New York Times: 70 mins ago

A look at Saudi Arabia's spending blitz to become an AI superpower, which has put the kingdom in the middle of an escalating global competition over AI

Manish Singh / TechCrunch: 75 mins ago

Filing: Swiggy, which has a ~45.8% share of the Indian food delivery market, secures shareholder approval for a potential $1.25B IPO, slated for later this year

Wall Street Journal: 80 mins ago

Sources: ByteDance execs have previously considered TikTok's global operations to be worth ~50% of the company's overall value, which would put it above $100B

Financial Times: 2 hours ago

K Krithivasan, the CEO of Indian IT giant TCS, says there'll be “minimal” need for call centers in as soon as a year, as AI chatbots take over much of the work

Karissa Bell / Engadget: 2½ hours ago

On Meta's Q1 earnings call, Mark Zuckerberg said Threads now has more than 150M MAUs, up from 130M in February 2024

Shubham Sharma / VentureBeat: 3½ hours ago

Snowflake announces Arctic, an LLM optimized for enterprise tasks such as SQL generation, coding, and instruction following, with an Apache 2.0 license

Alex Heath / The Verge: 3½ hours ago

Mark Zuckerberg says Meta AI assistant has been “tried” by “tens of millions of people” and it will take Meta several years to make money from generative AI

Cheng Ting-Fang / Nikkei Asia: 4½ hours ago

TSMC unveils a new chip manufacturing technology called A16 and says it plans to start producing its ultra-advanced 1.6nm chips by 2026

Scharon Harding / Ars Technica: 5½ hours ago

Reddit announces that its Dynamic Product Ads, which use “shopping signals” to automatically show relevant ads to users, are entering public beta globally

Yoolim Lee / Bloomberg: 7 hours ago

SK Hynix reports Q1 revenue of ~$9B, more than doubling YoY, and ~$2B in operating income, above estimates of ~$1.3B and the biggest quarterly profit since 2022

Annie Palmer / CNBC: 7 hours ago

Memo: Thrasio CEO Greg Greeley plans to resign and five other senior executives will “step down when Thrasio emerges from Chapter 11 in the coming weeks”

David Pierce / The Verge: 8 hours ago

Hands-on with the Rabbit R1: a fun and funky AI device that feels pretty nice and does a solid job with basic AI questions, but the Rabbithole app is unfinished

Ken Yeung / VentureBeat: 9 hours ago

Nooks, whose AI tools can analyze sales calls and summarize customer interactions, raised a $22M Series A led by Lachy Groom, bringing its total funding to $27M

Kyle Wiggers / TechCrunch: 10 hours ago

AI coding assistant startup Augment emerges from stealth with a $227M Series B at a $977M post-money valuation, following a $25M Series A led by Sutter Hill

CNBC: 10 hours ago

Cloud data management startup Rubrik priced its NYSE IPO at $32 a share, above its expected $28-$31 range, raising $752M and valuing the company at $5.6B

Ashley Capoot / CNBC: 10 hours ago

Meta's stock drops 15%+ after hours on weak Q2 revenue guidance and higher FY 2024 capital expenditures due to increased AI infrastructure investments

Alex Koller / CNBC: 11 hours ago

Meta's Reality Labs Q1: revenue up 30% YoY to $440M, vs. $512.5M est., a $3.85B operating loss, vs. $4.31B est.; Reality Labs lost $45B+ since the end of 2020

Ben Glickman / Wall Street Journal: 11 hours ago

IBM agrees to buy HashiCorp, which helps companies manage cloud infrastructure, in a deal valuing HashiCorp at $6.4B and expected to close by the end of 2024

Meta Investor Relations:

Meta reports Q1 revenue up 27% YoY to $36.46B, net income up 117% YoY to $12.37B, and family daily active people up 7% YoY to 3.24B for March 2024

Lauren Feiner / The Verge:

President Biden signs the ByteDance-TikTok divest-or-ban bill into law, after the Senate passed it by 79-18; the House passed the legislation 360-58 on April 20

Andy Greenberg / Wired:

Cisco details a hacking campaign that penetrated multiple governments' networks using two zero-day flaws in its VPN and firewall Adaptive Security Appliances

David Pierce / The Verge:

Hands-on with the Rabbit R1: a fun and funky AI device that feels pretty nice and does a solid job with basic AI questions, but the Rabbithole app is unfinished

Bob Van Voris / Bloomberg:

US prosecutors charge two founders of the Samourai Wallet crypto mixing service, saying it facilitated more than $100M in money laundering transactions

Ben Glickman / Wall Street Journal:

IBM agrees to buy HashiCorp, which helps companies manage cloud infrastructure, in a deal valuing HashiCorp at $6.4B and expected to close by the end of 2024

Shubham Sharma / VentureBeat:

Snowflake announces Arctic, an LLM optimized for enterprise tasks such as SQL generation, coding, and instruction following, with an Apache 2.0 license

Shubham Sharma / VentureBeat:

Apple researchers share OpenELM, a family of LLMs with 270M to 3B parameters, designed to run on-device, and pre-trained and fine-tuned on public datasets

Kyle Wiggers / TechCrunch:

AI coding assistant startup Augment emerges from stealth with a $227M Series B at a $977M post-money valuation, following a $25M Series A led by Sutter Hill

CNBC:

Cloud data management startup Rubrik priced its NYSE IPO at $32 a share, above its expected $28-$31 range, raising $752M and valuing the company at $5.6B

Aisha Malik / TechCrunch:

WhatsApp rolls out passkey support on iOS, removing the need for users to deal with SMS one-time passcodes, six months after introducing the feature on Android

Cheng Ting-Fang / Nikkei Asia:

TSMC unveils a new chip manufacturing technology called A16 and says it plans to start producing its ultra-advanced 1.6nm chips by 2026

Brian McGleenon / The Block:

Worldcoin subsidiary World Assets plans to sell WLD tokens to meet the demand for orb-verified World IDs and support Worldcoin network growth; WLD drops 7%+

Scharon Harding / Ars Technica:

Reddit announces that its Dynamic Product Ads, which use “shopping signals” to automatically show relevant ads to users, are entering public beta globally

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