April 27, 2023, 5:10 PM

Top News

Microsoft's Brad Smith says the UK CMA's move to block the Activision deal is “bad for Britain” and “is probably the darkest day in our four decades in Britain”  —  Microsoft's president has attacked the UK after it was blocked from buying US gaming firm Activision …
Cecilia D'Anastasio / Bloomberg:
The UK CMA's block of Microsoft's Activision deal focuses on the nascent cloud gaming market, confusing analysts as regulators typically focus on mature markets  —  UK regulators blocked Microsoft Corp.'s $69 billion purchase of Activision Blizzard Inc. over concerns it would harm competition …
Wayne Ma / The Information:
Sources detail how organizational dysfunction and a lack of ambition bogged down Apple's AI and ML efforts, including the work of the group responsible for Siri  —  Late last year, a trio of engineers who had just helped Apple modernize its search technology began working on the type …
Ingrid Lunden / TechCrunch:
Global smartphone shipments fell 14.6% YoY to 268.6M in Q1 2023, the seventh consecutive quarter of decline; Samsung fell 18.9%, Apple 2.3%, and Xiaomi 23.5%  —  NEEDHAM, Mass., April 27th, 2023 - Worldwide smartphone shipments declined 14.6% year over year to 268.6 million units in the first quarter of 2023 …
Ellen Huet / Bloomberg:
Clubhouse plans to lay off 50%+ of its employees as it “resets” the company despite claiming to have “years of runway”; Clubhouse had ~100 staff in October 2022  —  Clubhouse, the pandemic-era social media sensation, is cutting more than half of its employees, the company said in a blog post on Thursday.
Tom Warren / The Verge:
The Guardian:
Interviews with 70+ sources describe how Facebook and Instagram have become major child trafficking platforms and how they slow down prosecutors' investigations  —  Our two-year investigation suggests that the tech giant Meta is struggling to prevent criminals from using its platforms to buy and sell children for sex
A California judge tentatively rules Elon Musk must testify about his Autopilot statements, after his lawyers argued he is the subject of many deepfake videos  —  A California judge on Wednesday ordered Tesla CEO Elon Musk to be interviewed under oath about whether he made certain statements regarding …
Chris Stokel-Walker / Wired:
Legal experts say Twitter may be breaching US laws prohibiting false advertising or endorsement by implying that some celebrities paid for Blue when they didn't  —  The law says you can't falsely claim that celebrities are paying for Twitter Blue.  —  Twitter's verification system debacle …
Coinbase offers a fiery response to the SEC's Wells notice from March 2023, saying enforcement action would present “major” risks to the SEC's regulatory model  —  - Crypto exchange Coinbase told the SEC that any enforcement action against the exchange would “fail on the merits” …
Aisha Malik / TechCrunch:
YouTube Music adds podcasts on Android, iOS, and the web, supporting listening offline, in the background, and casting for all US users, with or without Premium  —  YouTube Music is officially adding podcasts to its platform in the United States on Android, iOS and the web.
Jeffrey Knockel / The Citizen Lab:
An analysis of Baidu, Bilibili, Bing, Douyin, Sogou, Weibo, and other search platforms in China finds 60K+ censorship rules, applied differently by each service  —  This report has an accompanying FAQ.  —  Key findings  — Across eight China-accessible search platforms analyzed …
A profile of ASML, Europe's most valuable tech company, as the US-China chip war escalates; ASML's next studio apartment-sized machine ships in 2025 for $380M+  —  In 1984, Martin van den Brink, a young Dutch engineer, joined a newly created venture in a quiet corner of the Netherlands.
Jonathan Vanian / CNBC:
Snap reports Q1 revenue down 7% to $989M, vs. $1.01B est., global DAUs up 15% YoY to 383M, vs. 384M est., and a $329M net loss, vs. $360M YoY; SNAP drops 20%+  —  - Snap came in light on revenue and ARPU in its first-quarter earnings report.  — The company said its “internal forecast” …
Samsung reports Q1 operating profit down 95% YoY to ~$478.6M, its lowest since Q1 2009, revenue down 18% YoY to ~$47.6B, and a ~$3.4B loss for its chip division  —  Samsung Electronics Co Ltd (005930.KS) flagged a gradual recovery for chips in the second half of the year …
Andrea Vittorio / Bloomberg Law:
Washington becomes the first US state to adopt sweeping safeguards for consumer health data, including location records that could reveal abortion clinic visits  —  Washington has adopted a first-of-its-kind state law with sweeping safeguards for consumer health data collected by companies …
Kif Leswing / CNBC:
Intel reports Q1 revenue down 36% YoY to $11.7B, vs. $11.04B est., its largest ever quarterly loss, and Data Center and AI revenue down 39% YoY to $3.7B  —  - Intel reported first-quarter results on Wednesday that showed a staggering 133% annual reduction in earnings per share.

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