Techmeme
April 23, 2024, 12:40 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.
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.
Victoria Song / The Verge:
Meta rolls out an early access multimodal AI to Ray-Ban Meta Smart Glasses, primarily 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.
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.
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.
Reuters:
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 …
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.
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
Austin Weinstein / Bloomberg:
Sources: two SEC lawyers resigned after a US federal judge sanctioned and sharply rebuked the SEC for “gross abuse” of power in crypto platform DEBT Box's case  —  - Judge sanctioned regulator for ‘gross abuse of power’ in March  — Utah crypto firm was put into receivership on staff's advice
Shirin Ghaffary / Bloomberg:
Perplexity AI, which offers an AI chatbot to summarize 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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More News

Chris Welch / The Verge:
Mike Cherney / Wall Street Journal:
Akila Quinio / Financial Times:
Lizette Chapman / Bloomberg:
More: FinSMEsX: @zebulgar, @graceisford, and @bznotes
LinkedIn: Cameron McCord and Evan Loomis

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