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Techmeme
April 25, 2024, 12:20 PM
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Top News

Meta Investor Relations:
Meta reports Q1 revenue up 27% YoY to $36.46B, net income up 117% YoY to $12.37B, and family daily active people up 7% YoY to 3.24B on average for March 2024  —  Meta Platforms, Inc. (Nasdaq: META) today reported financial results for the quarter ended March 31, 2024.
Alex Heath / The Verge:
Mark Zuckerberg says “tens of millions of people” have “tried” Meta AI but making money from generative AI in Meta's apps is likely going to take several years  —  The generative AI gold rush is underway — just don't expect it to create profits anytime soon.
Karissa Bell / Engadget:
On Meta's Q1 earnings call, Mark Zuckerberg said that Threads now has more than 150M MAUs, up from more than 130M in February 2024
Ashley Capoot / CNBC:
Meta's stock drops 10%+ on weak Q2 revenue guidance and increasing FY 2024 capital expenditures from $30B-$37B to $35B-$40B due to AI infrastructure investments
Alex Koller / CNBC:
Meta's Reality Labs Q1: revenue up 30% YoY to $440M, vs. $512.5M est., a $3.85B operating loss, vs. $4.31B est.; Reality Labs has lost $45B+ since 2020's end
The Information:
Sources: ByteDance is exploring scenarios for selling a majority stake in TikTok US, preferably to a non-tech company, and without the recommendation algorithm  —  ByteDance is internally exploring scenarios for selling a majority stake in TikTok's U.S. business, preferably to companies outside …
Wall Street Journal:
Sources: ByteDance executives have previously considered TikTok's global operations to be worth ~50% of the Chinese company's overall value, or above $100B
Cheng Ting-Fang / Nikkei Asia:
TSMC unveils A16, chip manufacturing tech featuring nanosheet transistors with “backside power rails” meant for producing its ultra-advanced 1.6nm chips by 2026  —  Taiwan chip titan aims to secure leading position and capture AI demand  —  TAIPEI — Taiwan Semiconductor Manufacturing Co …
Abner Li / 9to5Google:
Google Meet rolls out an update to let users seamlessly transfer calls between devices “without hanging up and rejoining” via its Android, iOS, and web apps  —  Let's say you start a call on your phone because you're not at your desk yet.  Once you get to a computer …
Melissa Heikkilä / MIT Technology Review:
A look at AI video startup Synthesia, whose avatars are more human-like and expressive than predecessors, raising concerns over the consequences of realistic AI  —  I'm stressed and running late, because what do you wear for the rest of eternity?  —  This makes it sound like I'm dying, but it's the opposite.
Andy Greenberg / Wired:
Cisco details a hacking campaign that penetrated multiple governments' networks using two zero-day flaws in its VPN and firewall Adaptive Security Appliances  —  Change Healthcare Finally Admits It Paid Ransomware Hackers—and Still Faces a Patient Data Leak
Ben Glickman / Wall Street Journal:
The US awards Micron up to $6.1B under the CHIPS Act, to back an up to $125B investment to build a megafab in New York and a fab in Idaho over the next 20 years  —  Micron Technology MU -.60%decrease; red down pointing triangle is receiving up to $6.1 billion from the federal government …
Shubham Sharma / VentureBeat:
Snowflake announces Arctic, an LLM optimized for enterprise tasks such as SQL generation, coding, and instruction following, with an Apache 2.0 license  —  Today, Snowflake announced the launch of Arctic, a large language model (LLM) optimized for complex enterprise workloads such as SQL generation …
Andy Chalk / PC Gamer:
Garry's Mod is removing “all Nintendo related stuff” from its Steam Workshop, covering “20 years of uploads”, after receiving a takedown request from Nintendo  —  Fans aren't happy, as you can imagine.  —  Following a takedown request issued by Nintendo …
Bob Van Voris / Bloomberg:
US prosecutors charge two founders of Samourai Wallet, saying the crypto mixing service facilitated more than $100M in money laundering transactions  —  - US prosecutors say Samourai Wallet was ‘haven for criminals’  — Europol has said crypto mixing services are a ‘top threat’
Ben Glickman / Wall Street Journal:
IBM agrees to buy HashiCorp, which helps companies manage cloud infrastructure, in a deal valuing HashiCorp at $6.4B and expected to close by the end of 2024  —  IBM will pay $35 a share for the cloud-software company in cash, giving it access to HashiCorp's roster of some 4,400 clients
Jordan Novet / CNBC:
IBM reports Q1 revenue up 1% YoY to $14.46B, vs. $14.55B est., software revenue up 5.5% YoY to $5.9B, and net income of $1.6B, up from $927M YoY; IBM drops 5%+
David Pierce / The Verge:
Hands-on with the Rabbit R1: a fun and funky AI device that feels pretty nice and does a solid job with basic AI questions, but the Rabbithole app is unfinished  —  There were times I wasn't sure the Rabbit R1 was even a real thing.  The AI-powered, Teenage Engineering-designed device came …

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This is a Techmeme archive page. It shows how the site appeared at 12:20 PM ET, April 25, 2024.

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From Mediagazer

New York Times:
Sources: the White House directed FBI Director Kash Patel to personally oversee the probe into NYT reporting about Air Force One, before subpoenas were issued

Brooks Barnes / New York Times:
Lionsgate's Michael crosses $1B at the global box office, its first film to reach the milestone, per Rentrak, reviving Hollywood's last major independent studio

The Guardian:
Christopher Nolan says there's a “disdain” for AI, the idea that it “replaces” human creativity is “nonsense”, and he expects it to be useful in “imaging tools”

More News

Earlier Picks

Kyle Wiggers / TechCrunch:
AI coding assistant startup Augment emerges from stealth with a $227M Series B at a $977M post-money valuation, following a $25M Series A led by Sutter Hill
CNBC:
Cloud data management startup Rubrik priced its NYSE IPO at $32 per share, above its expected $28 to $31 range, raising $752M and valuing the company at $5.6B
Foo Yun Chee / Reuters:
TikTok suspends the rewards program in TikTok Lite while the company tries to resolve EU concerns over the potentially addictive nature of Lite for children
Brian McGleenon / The Block:
Worldcoin subsidiary World Assets plans to sell WLD tokens to meet the demand for orb-verified World IDs and support Worldcoin network growth; WLD drops 7%+
Shubham Sharma / VentureBeat:
Apple researchers share OpenELM, a family of LLMs with 270M to 3B parameters, designed to run on-device, and pre-trained and fine-tuned on public datasets
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