| Competition and Markets Authority: |
The UK CMA blocks Microsoft's $68.7B Activision acquisition, citing concerns about competition and innovation in the UK gaming market; Microsoft plans to appeal — The CMA has prevented Microsoft's proposed purchase of Activision over concerns the deal would alter the future … | New York Times: |
A look at the mounting US pressure on Binance: the DOJ's money laundering division leading its criminal investigation, CZ hiring Latham & Watkins, and more — The scrutiny on Binance, the giant cryptocurrency exchange, has sent new tremors through a market that is still bruised by the implosion of FTX.| Yueqi Yang / Bloomberg: |
| Brian Fung / CNN: |
US senators unveil a bipartisan bill that bans kids under 13 from joining social media and requires tech companies to get parental consent for teen accounts — A new federal bill unveiled Wednesday would establish a national minimum age for social media use and require tech companies … | Angus Loten / Wall Street Journal: |
PricewaterhouseCoopers plans to invest $1B in generative AI over the next three years, working with Microsoft and OpenAI to automate some of its US operations — Multiyear investment in U.S. business includes accessing ChatGPT maker OpenAI's language model, training staff in AI capabilities| Damilare Dosunmu / Rest of World: |
A look at the waning crypto hype in Africa, as consumer trust fades, startups shut down, and Web3 workers reconsider their careers after FTX's fallout — Trust is fading, startups are shutting down, and Web3 workers are reconsidering their career choices. — • LAGOS, NIGERIA| Allison Johnson / The Verge: |
Lenovo announces the $699 Lenovo ThinkPhone by Motorola, with ThinkPad-compatible productivity features, available to enterprises now and unlocked on April 28 — The Lenovo ThinkPhone by Motorola is available in the US starting today for $699, offering a suite of productivity features designed to work with ThinkPad laptops.| Nilay Patel / The Verge: |
Q&A with Lightspark CEO David Marcus on the current crypto winter, Lightning as a Layer 2 protocol, raising ~$175M, Libra, Nostr, Bitcoin, regulations, and more — Crypto has a lot of haters these days. The former Facebook exec is trying to prove them wrong with his Bitcoin startup.| Yaling Jiang / Wired: |
Experts say that China's mostly government-led metaverse efforts are more about supporting the economy, health care, and industry than about consumer services — The government wants the metaverse to be less about having fun and shopping and more about health care and industry.| Aisyah Llewellyn / Rest of World: |
TikTok Shop is thriving in Indonesia, TikTok's second-biggest market with an estimated 110M users; Data.ai: Shop Seller has had ~5.5M downloads in the country — TikTok Shop, the controversial app's ambitious next phase, has caught fire in Indonesia. “This is truly the year of TikTok,” says one seller.| Theo Wayt / The Information: |
Sources: Andy Jassy picks 14-year Amazon veteran Eric Rimling as his technical adviser, a coveted two-year position; Jassy was Bezos' adviser in the early 2000s — Amazon CEO Andy Jassy has picked Eric Rimling, a 14-year veteran of the company's fulfillment operation, as his new technical adviser … | Alphabet: |
Alphabet reports Q1 revenue up 3% YoY to $69.8B, net income down 8% YoY to $15.1B, Other Bets revenue down 35% YoY to $288M, and Other Bets loss up 47% YoY — MOUNTAIN VIEW, Calif. - April 25, 2023 - Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter ended March 31, 2023.| Jordan Novet / CNBC: |
| Monica Chin / The Verge: |
Hands-on with Asus' ROG Ally, a handheld Windows gaming PC launching on May 11 that could take on the Steam Deck, depending on the price, software, and battery — I had a fun time testing this device, but everything's going to come down to price. … Basically everything written about Asus … | New York Times: |
The US Commerce Department outlines plans to fund next-generation chips via its new National Semiconductor Technology Center; the CHIPS Act devoted $11B to R&D — The Biden administration announced its strategy for the National Semiconductor Technology Center, a string of facilities aimed at propelling U.S. innovation.| Edward Ludlow / Bloomberg: |
Bosch plans to acquire US chipmaker TSI Semiconductors and invest $1.5B+ in its Roseville, California foundry to produce silicon carbide chips there from 2026 — Robert Bosch GmbH is acquiring US chipmaker TSI Semiconductors and plans to invest more than $1.5 billion in its California foundry … | Jay Peters / The Verge: |
TikTok appears to be working on a feature that would let users create AI-generated profile pictures, similar to the images that Prisma Labs' Lensa app generates — TikTok is working on a feature that will create AI-generated profile pictures, according to social media consultant Matt Navarra … | Microsoft: |
Microsoft reports Q3 revenue up 7% YoY to $52.9B, net income up 9% YoY to $18.3B, Office Commercial up 13% YoY, Dynamics 365 up 25% YoY, and LinkedIn up 8% YoY — REDMOND, Wash. — April 25, 2023 — Microsoft Corp. today announced the following results for the quarter ended March 31, 2023 …
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| Filipe Espósito / 9to5Mac: |
| Reuters: |
| Cat Zakrzewski / Washington Post: |
| Rachel Metz / Bloomberg: |