February 7, 2024, 10:30 PM

Top News

Sarah Whitten / CNBC:
Disney plans to invest $1.5B for a stake in Epic Games and collaborate on a new “universe” connected to Fortnite with content from Disney, Pixar, and more  —  - Disney is investing $1.5 billion for an equity stake in Epic Games in its biggest jump yet into the gaming world.
Wayne Ma / The Information:
Source: Apple is building prototypes of at least two iPhones that fold widthwise; the phones are in early development and not set for production in 2024 or 2025  —  Apple is building prototypes of at least two iPhones that fold widthwise like a clamshell, according to a person with direct knowledge of the situation.
Carl Franzen / VentureBeat:
Microsoft updates Copilot with a redesigned look, a new AI model for Copilot's Balanced mode called Deucalion, and new AI image creation and editing features  —  In a startling move, Microsoft today announced a redesigned look for its Copilot AI search and chatbot experience on the web …
Sam Sabin / Axios:
US, UK, Australia, Canada, and New Zealand advisory: China-backed hacking group Volt Typhoon has had access to some major US infrastructure for over five years  —  China-backed hackers have had access to some major U.S. critical infrastructure for “at least five years,” according to an intelligence advisory released Wednesday.
Michael Nuñez / VentureBeat:
Apple partners with University of California researchers to release open-source AI model MGIE, which can edit images based on natural language instructions  —  Apple has released a new open-source AI model, called “MGIE,” that can edit images based on natural language instructions.
Charlie Sorrel / iFixit News:
Apple Vision Pro teardown: 50 Vision Pro pixels fit into a single iPhone 15 Pro pixel, the display is not technically 4K, has a ~100° field of view, and more  —  After the whirlwind of team activity that was our initial Vision Pro teardown, we've been digging much, much deeper into those dual displays …
Ransomware payments in 2023 hit a record $1.1B, up from $567M in 2022 and $983M in 2021, after a major escalation of the frequency, scope, and volume of attacks  —  The Chainalysis 2024 Crypto Crime Report  —  Coming soon  —  In 2023, ransomware actors intensified their operations …
Josh Boak / Associated Press:
The Biden administration names White House economic adviser Elizabeth Kelly to lead the NIST's newly formed AI Safety Institute to develop AI testing standards  —  The Biden administration on Wednesday named a top White House aide as the director of the newly established safety institute for artificial intelligence.
Arm reports Q3 revenue up 14% YoY to $824M, vs. $761.6M est., and forecasts Q4 sales and adjusted profit above expectations; ARM jumps 21%+  —  Arm Holdings on Wednesday forecast fiscal fourth-quarter sales and adjusted profit above Wall Street expectations as customers aim to design new chips …
Kate Knibbs / Wired:
An interview with Nebojša Vujinović Vujo, who runs 2,000+ AI-generated news sites, often hosted on once-popular domains, and claims to have ~12 human editors  —  Serbian DJ turned internet entrepreneur Nebojša Vujinović Vujo floods abandoned news sites with AI-generated articles.
Mike Isaac / New York Times:
Meta proposes industry standards for identifying AI-generated content, and plans to label AI images posted on Facebook, Instagram, and Threads  —  The social network wants to promote standardized labels to help detect artificially created photo, video and audio material across its platforms.
Emilia David / The Verge:
Manya Saini / Reuters:
PayPal reports Q4 revenue up 9% YoY to $8B, vs. $7.87B est., and total payment volume up 15% YoY to $409.8B, vs. $404.45B est.  —  PayPal (PYPL.O) beat Wall Street estimates for fourth-quarter profit on Wednesday as more Americans used its payments platform for shopping during the holiday season.
More: Bloomberg and PayPal
Jane Zhang / Bloomberg:
Alibaba reports Q3 revenue up 5% YoY to ~$36.7B, net income down 69% YoY to ~$2B, Taobao and Tmall revenue up 2% YoY to ~$18B, and approves a $25B share buyback  —  - The move may appeal to some investors as growth plateaus  — Alibaba is grappling with market and internal uncertainty

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