June 12, 2024, 11:40 PM

Top News

Mark Gurman / Bloomberg:
Sources: Apple isn't paying OpenAI as part of their partnership and aims to eventually make money from AI by striking revenue-sharing deals with chatbot owners  —  - The iPhone maker isn't paying OpenAI to use the chatbot  — Apple announced OpenAI agreement as part of AI push this week
Terraform Labs agrees to pay $4.47B to resolve a US SEC lawsuit, after a jury in April found the company and Do Kwon liable for fraud following a civil trial  —  - Deal includes $204.3 million payment by founder Do Kwon  — Terraform, Kwon found liable for fraud in April civil trial
Joseph Cox / 404 Media:
A hacker says they breached Tile internal tools, including one for processing data for cops, and stole customer data like phone numbers, addresses, and Tile IDs  —  A hacker broke into systems used by Tile, the tracking company, then stole a wealth of customer data and had access to internal company tools.
The Information:
Sources: OpenAI's annualized revenue has hit $3.4B, up from $1.6B in late 2023 and $1B last summer; $3.2B comes from subscriptions to its chatbots and API fees  —  OpenAI has more than doubled its annualized revenue to $3.4 billion in the past six months or so, OpenAI CEO Sam Altman has told staff …
Reed Albergotti / Semafor:
AI search engine Perplexity says it was working on revenue-sharing deals with publishers when Forbes criticized it for misusing content from Forbes and others  —  The Scoop  —  Perplexity, the AI search startup that recently came under fire from Forbes for allegedly misusing its content …
Abner Li / 9to5Google:
Google says ChromeOS will soon be developed on portions of the Android stack, including its Linux kernel and frameworks, to bring AI features to users faster  —  Google announced today that ChromeOS will be “developed on large portions of the Android stack” going forward.
Kyodo News:
Japan passes a law that prohibits Apple and Google from limiting the sale of third-party apps and services that compete with native iOS and Android offerings  —  Japan's parliament enacted Wednesday a law to promote competition in smartphone app stores by restricting tech giants Apple Inc …
Sean Michael Kerner / VentureBeat:
Stability AI releases Stable Diffusion 3 Medium, intended to be a smaller yet capable model on consumer GPUs, with 2B parameters, compared to SD3 Large's 8B  —  Bigger isn't always better, especially when it comes to running generative AI models on commodity hardware.
Arsheeya Bajwa / Reuters:
Broadcom reports Q2 revenue up 43% YoY to $12.49B, vs. $12.01B est., raises FY 2024 revenue forecast, announces a 10:1 stock split; AVGO jumps 9%+ after hours  —  Tech conglomerate Broadcom (AVGO.O) raised its annual revenue forecast on Wednesday, betting on higher demand for its networking equipment …
Christine Hall / TechCrunch:
Canary Technologies, which offers tools for hotel guest management, raised a $50M Series C led by Insight Partners, bringing its total raised to nearly $100M  —  The hospitality industry is back, baby.  And with it comes a chance for technology startups to not only help hotels streamline their operations …
Wall Street Journal:
A look at Satya Nadella's AI efforts; source: some future Microsoft AI products may be switched from OpenAI tech to the model being developed by Suleyman's team  —  After landing the deal that launched his company to the front of the artificial-intelligence race, the tech chief is spreading his bets.
Pew Research Center:
A survey of 10,287 US adults on Facebook, Instagram, TikTok, and X: most see news content, but a minority says they are on the platform for news, except for X  —  X remains more of a news destination than other sites, but the vast majority of users on all four are seeing news-related content
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Andrew J. Hawkins / The Verge:
Waymo updates the software on its 672 vehicles, after one unoccupied car collided with a telephone pole in Phoenix on May 21, marking Waymo's second recall ever  —  Waymo is issuing a voluntary software recall after one of its driverless vehicles collided with a telephone pole in Phoenix, Arizona, last month, the company said.
Ina Fried / Axios:
Former IBM, Xerox, and DARPA engineer Lynn Conway, who helped shape chip design and was fired from IBM for being transgender in 1968, died on June 9 at age 86  —  - In the 1970s, Conway helped author “Introduction to VLSI Systems,” a seminal book in the field of chip design that became …
Ivan Mehta / TechCrunch:
A list of apps that Apple “Sherlocked” at WWDC 2024, like 1Password and LastPass, call transcription apps like Truecaller, and custom emoji apps like Newji  —  Apple has been on a spree of late, announcing a host of new features for its various devices earlier this week at its Worldwide Developer Conference (WWDC).

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More News

Kate Knibbs / Wired:
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