Techmeme
May 24, 2022, 6:50 AM

Top News

Devin Coldewey / TechCrunch:
Google Research details Imagen, an AI-based text-to-image generator to rival OpenAI's DALL-E 2  —  The AI world is still figuring out how to deal with the amazing show of prowess that is DALL-E 2's ability to draw/paint/imagine just about anything... but OpenAI isn't the only one working on something like that.
Kif Leswing / CNBC:
Snap CEO warns employees the company will miss its Q2 revenue and earnings targets as its growth weakens, and plans to slow hiring; stock drops 29%+  —  - Snap will miss its own targets for revenue and adjusted earnings in the current quarter, CEO Evan Speigel warned on Monday in a note to employees.
Wall Street Journal:
Sources: Broadcom is in talks to pay ~$140 per share, or about $60B, for VMware, and the companies are aiming to announce the cash-and-stock deal on Thursday  —  The two companies are aiming to announce the cash-and-stock deal Thursday  —  Broadcom Inc. AVGO -3.10%▼ …
Adam Beam / Associated Press:
CA State Assembly approves a bill letting parents sue social media companies if children become “addicted” to the companies' products; bill needs a final vote  —  SACRAMENTO, Calif. (AP) — California could soon hold social media companies responsible for harming children …
Issie Lapowsky / Protocol:
How Mark Zuckerberg and Priscilla Chan's $419M donation to US local and state election officials in 2020 has become a target of right-wing conspiracies  —  If Mark Zuckerberg could have imagined the worst possible outcome of his decision to insert himself into the 2020 election …
Natasha Lomas / TechCrunch:
The UK's data protection watchdog fines Clearview AI £7.5M+ for violating privacy laws and orders the company to delete UK citizen information from its systems  —  The UK's data protection watchdog has confirmed a penalty for the controversial facial recognition company, Clearview AI …
The Information:
Sources: Coinbase is testing an app from Ray Dalio's company Principles that lets staff rate each other on how well they exemplify Coinbase's 10 cultural tenets  —  Coinbase, a cryptocurrency trading firm that garnered attention for banning salary negotiations and political speech among employees …
Deirdre Bosa / CNBC:
Sources: Airbnb plans to remove all mainland China listings for homes and experiences by this summer, but will keep a Beijing office focusing on outbound travel  —  - All mainland Chinese listings — homes and experiences — will be taken down by this summer, but Airbnb will continue to maintain …
New York Times:
A look at efforts by 50+ countries to control the data produced by their citizens, governments, and businesses, driven by privacy concerns, economics, and more  —  Nations are accelerating efforts to control data produced within their perimeters, disrupting the flow of what has become a kind of digital currency.
Matt Burgess / Wired:

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Earlier Picks

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