May 4, 2023, 1:55 PM

Top News

David McCabe / New York Times:
The White House announces plans to combat AI's risks, including $140M for new research and draft guidelines for agencies to ensure the safe use of AI  —  Vice President Kamala Harris also plans to meet with the chief executives of tech companies that are developing A.I. later on Thursday.
Financial Times:
The UK CMA launches a “fact-finding” review of the AI market, including LLMs, to assess opportunities, guardrails, and principles to protect competition  —  CMA chief Sarah Cardell says the regulator will examine technology behind software such as ChatGPT
Lina M. Khan / New York Times:
Annie Palmer / CNBC:
Shopify sells its logistics unit to supply chain tech company Flexport, after building the operation for years and acquiring Deliverr for $2.1B in May 2022  —  - Shopify is selling its logistics unit to supply chain technology company Flexport.  — The Canadian e-commerce company …
Ilya Banares / Bloomberg:
Shopify reports Q1 revenue up 25% YoY to $1.5B, vs. $1.43B est., GMV up 15% YoY to $49.6B, vs. $47.7B est., and plans to cut ~20% of its staff; SHOP jumps 20%+  —  Shopify Inc. cut jobs for the second time in less than a year and agreed to sell the majority of its logistics business …
Tom Warren / The Verge:
Microsoft opens its Bing chatbot to all, removing the waitlist, and announces new features, including image and video results, chat history, and plug-in support  —  Microsoft is making its Bing GPT-4 chatbot available to everyone today, no more waitlist necessary.
Emma Roth / The Verge:
Discord plans to remove the four-digit tag after its usernames to make it “easier to connect” with others, forcing users to pick a username with the @ symbol  —  Discord is taking away the four-digit tag that it puts after its usernames as it looks to make it “easier to connect” with other users.
Alf Wilkinson / Financial Times:
A experiment using ChatGPT to pick 38 stocks finds the portfolio rose 4.9% over eight weeks, compared to an average 0.8% loss for 10 popular UK funds  —  Theoretical fund of 38 stocks do better than 10 most popular funds on Interactive Investor, finds  —  Latest news on ETFs
Coinbase plans to stop issuing new loans in the US via its Borrow program on May 10 due to low demand; a source says the move is unrelated to US SEC troubles  —  May 10 is the final day customers will be allowed to take out new loans through Coinbase Borrow.  —  Coinbase Borrow's days are numbered.
Richard Lawler / The Verge:
Google releases a brief teaser video showing off the Pixel Fold, confirming that it will be officially revealed on May 10 during the Google I/O 2023 event  —  / This is Google's first foldable phone.  More details are coming at Google I/O on May 10th.
Jemima Kelly / Financial Times:
Twitter's Community Notes is changing fact-checking by avoiding the term and using a crowdsourced consensus, a model for a fairer and more transparent approach  —  The strength of the platform's Community Notes feature is that it works through consensus  —  I think I might have let out an audible groan …
Meir Orbach / CTech:
Israel-based Novidea, which sells software for every aspect of insurance, raised a $50M Series C led by Battery Ventures, bringing its total funding to $90M  —  Using an open API architecture, Novidea's software platform enables brokers, agents, and MGAs to modernize and manage the customer insurance journey
More: Novidea and FinSMEs
Steven Melendez / Fast Company:
Khan Academy pilots Khanmigo, a chatbot based on GPT-4 to help students with math problems, debugging code, debating, and other topics without enabling cheating  —  Sal Khan, founder and CEO of online learning nonprofit Khan Academy, wants to turn GPT into a tutor.

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This is a Techmeme archive page. It shows how the site appeared at 1:55 PM ET, May 4, 2023.

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