April 23, 2024, 3:00 PM

Top News

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.
Ming-Chi Kuo:
Survey: 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).
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:
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.
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%  —  - China's smartphone sales grew 1.5% YoY and 4.6% QoQ in Q1 2024, marking the second consecutive quarter of positive YoY growth.
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.
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  —  Adobe is adding some new generative AI tools to its Photoshop creative software that aim to give users additional ways to control the designs they generate.
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+  —  Some employees protested the tech giant's contract with the Israeli government.  They've been let go.
Analysis: 10 Chinese entities acquired advanced Nvidia chips embedded in Supermicro, Dell, and Gigabyte products from November 20, 2023, to February 28, 2024  —  Chinese universities and research institutes recently obtained high-end Nvidia (NVDA.O) artificial intelligence chips through resellers …
Dave Lee / Bloomberg:
As Congress' TikTok bill moves ahead, US lawmakers must show on what grounds they are forcing a sale or ban of the popular and culturally significant platform  —  Congress must show the evidence to gain Americans' support for its proposed sale or ban of one of the world's most popular social networks.
Ashley Carman / Bloomberg:
Spotify reports Q1 revenue up 20% YoY to €3.6B, MAUs up 19% YoY to 615M, below 617.9M est., subscribers up 14% YoY to 239M, and a €168M operating income  —  - Subscribers to paid Spotify tiers jumped 14% to 239 million  — Swedish audio-streaming company posted record operating profit
Chris Morris / Fortune:
Taylor Swift's new album smashed streaming records; Spotify says it had 300M+ streams on launch day and became 2024's most-streamed album within just 12 hours  —  Never bet against Swifties.  —  Taylor Swift's loyal fan base not only sent the singer's latest album, The Tortured Poets Department …
Brian Heater / TechCrunch:
Repairable laptop maker Framework Computer raised a $17M Series A-1, after an $18M Series A in early 2022, to expand into new product categories  —  Framework Computer was ahead of the curve.  The company was founded in 2019, as 20 U.S. states began exploring potential right to repair bills.

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