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April 24, 2024, 12:00 AM
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Wall Street Journal:
The FTC bans noncompete clauses that restrict job switching, the first time in 50+ years that the FTC has issued a regulation mandating an economy-wide change  —  Move sets up high-stakes legal clash with business groups over the agency's power  —  WASHINGTON—The Federal Trade Commission …
Lauren Feiner / The Verge:
The US Senate passes the TikTok divestment bill by a margin of 79-18; the legislation now heads to President Biden, who has committed to sign it into law  —  A bill that would force China-based company Bytedance to sell TikTok — or else face a US ban of the platform …
Victoria Song / The Verge:
Meta rolls out multimodal AI in early access for the Ray-Ban Meta Smart Glasses, mainly to help identify objects, translate signs, and write Instagram captions  —  When the Ray-Ban Meta Smart Glasses launched last fall, they were a pretty neat content capture tool and a surprisingly solid pair of headphones.
Victoria Song / The Verge:
Meta's Ray-Ban Smart Glasses get support for video calling via WhatsApp and Messenger, hands-free Apple Music controls, and a new frame style  —  Meta just announced a slew of new updates for its Ray-Ban Meta Smart Glasses.  CEO Mark Zuckerberg just dropped an Instagram reel showing off …
Ming-Chi Kuo:
Sources: Apple cut 2024 Vision Pro shipments to 400K-450K units, vs. a 700K+ market consensus, and US demand has “fallen sharply beyond expectations”  —  My latest survey is as follows:  — Apple has cut its 2024 Vision Pro shipments to 400-450k units (vs. market consensus of 700-800k units or more).
Jacob Ridley / PC Gamer:
The European Parliament adopts right-to-repair rules clarifying manufacturer obligations to provide repair services, consumer access to spare parts, and more  —  The new rules will give customers new ways to claim support for a product throughout its lifetime, and also aid independent repair shops.
Seb Joseph / Digiday:
For the third time, Google delays the deprecation of third-party cookies in Chrome, pushing back its plans to early 2025 amid regulatory scrutiny  —  Google is delaying the end of third-party cookies in its Chrome browser — again.  In other unsurprising developments, water remains wet.
Andrew J. Hawkins / The Verge:
Tesla teases a ridehailing function in its app and says its robotaxi will be “purpose-built”, suggesting it will be built from the ground up to be self-driving  —  The company's CEO, Elon Musk, has said that Tesla will unveil a long-gestating robotaxi in August.
Wall Street Journal:
Sources: IBM is nearing an acquisition of HashiCorp, which helps companies manage cloud infrastructure, in the coming days; HashiCorp's stock jumps 22%+  —  .  —  The details  —  A deal for HashiCorp could come together in the coming days, according to people familiar with the matter.
Emilia David / The Verge:
Microsoft debuts Phi-3 Mini, a small 3.8B-parameter model about as capable as GPT-3.5, and plans Phi-3 Small and Phi-3 Medium models with 7B and 14B parameters  —  Microsoft launched the next version of its lightweight AI model Phi-3 Mini, the first of three small models the company plans to release.
Quentyn Kennemer / The Verge:
Apple schedules a “special Apple Event” for May 7 at 10am ET, where new iPads are expected; rumors suggest the iPad Pro will get an OLED display and an M3 chip  —  After kicking off 2024 with the launch of the Vision Pro, the next act in Apple's 2024 script is a May product launch event.
Sarah McBride / Bloomberg:
Xaira Therapeutics, which aims to use AI models to find new drugs to treat diseases, emerged from stealth with $1B in commitments from Sequoia and others  —  - Marc Tessier-Lavigne resigned from Stanford after controversy  — New startup has backing from high-wattage tech investors
Marina Temkin / TechCrunch:
NY-based Campus, which is building an online alternative to traditional community colleges, raised a $23M Series A extension following a $29M Series A in 2023  —  Although many students in the United States enter community colleges intending to transfer to four-year universities …
Viola Zhou / Rest of World:
Interviews with 20+ current and former TSMC staff at its Arizona plant finds struggles over bridging Taiwanese and US norms, rigid hierarchies, and other issues  —  Missed deadlines and tension among Taiwanese and American coworkers are plaguing the chip giant's Phoenix expansion.
Shirin Ghaffary / Bloomberg:
Perplexity AI, which offers an AI chatbot that summarizes search results, raised ~$63M led by Daniel Gross at a $1B+ valuation, up from $520M in January 2024  —  Perplexity's valuation has doubled in three months in a clear sign of investor enthusiasm for the company's artificial intelligence chatbot.

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 12:00 AM ET, April 24, 2024.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

From Mediagazer

Alex Weprin / The Hollywood Reporter:
WBD sues the NBA over the league's “unjustified” decision to sell a package of media rights to Amazon, to which WBD claims to have a “contractual right”

Bron Maher / Press Gazette:
Mail Online, The Independent, Daily Mirror, and Daily Express roll out “consent or pay” walls charging users £1.99 to £4 per month for cookie-less access

CBC News:
Canada's Postmedia plans to buy the SaltWire newspaper chain, which has been under protection from creditors since March, and hopes to close the deal in August

More News

Ashley Capoot / CNBC:
Larry Ellison says Oracle is moving its world headquarters from Austin to Nashville to be closer to a major healthcare epicenter
Forbes:
Taser company Axon launches an AI tool that turns body cam audio into police reports to save time; critics worry it will introduce errors into crucial evidence
Kali Hays / Business Insider:
Apptopia: Threads is now consistently surpassing X in US DAUs, up to ~28M in April, after it first began eclipsing X in Dec. 2023, but X still has more US MAUs
Deepa Seetharaman / Wall Street Journal:
Meta, Google, OpenAI, and other AI companies and organizations sign on to an initiative committing to guard against the creation and spread of AI-generated CSAM

Earlier Picks

Washington Post:
Google fires ~20 more staff the company says participated in protests denouncing an Israeli cloud contract; an activist workers' group says the total is now 50+
Counterpoint Research:
iPhone sales in China fell 19.1% YoY to a 15.7% share in Q1 2024; Vivo fell 0.4% YoY to 17.4%, Honor rose 11.5% YoY to 16.1%, and Huawei rose 69.7% YoY to 15.5%
Ashley Carman / Bloomberg:
Spotify Q1: revenue up 20% YoY to €3.6B, MAUs up 19% to 615M, vs. 617.9M est., subscribers up 14% to 239M, and a €168M operating income; SPOT closes up 11.41%
Jess Weatherbed / The Verge:
Adobe adds AI tools powered by its new Firefly Image 3 model to Photoshop, including Reference Image to inspire the AI's output, available in beta on desktop
Scott Stein / CNET:
Meta opens its VR OS, now called Horizon OS, to third parties, and says Asus and Lenovo plan Horizon OS-compatible headsets; Meta plans an Xbox branded Quest
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