Techmeme
April 26, 2024, 1:05 PM

Top News

Sherry Qin / Wall Street Journal:
ByteDance says it has no plans to sell TikTok, responding to a report suggesting that the Chinese company is considering selling a majority stake in TikTok US  —  The company was responding to a report by The Information that it is considering scenarios for selling a majority stake in TikTok's U.S. business
Emanuel Maiberg / 404 Media:
Apple removes three AI image generation apps from the App Store after a 404 Media probe found the apps advertised being able to create nonconsensual nude images  —  Apple and Google appear more willing to take action against these apps than they were in the past.
Dustin Volz / Wall Street Journal:
Sam Altman, Satya Nadella, Sundar Pichai, Jensen Huang, and others join a board for advising the DHS on deploying AI safely within US critical infrastructure  —  Panel will advise Department of Homeland Security on deploying artificial intelligence safely within America's critical infrastructure
Financial Times:
Thoma Bravo agrees to acquire Darktrace for ~$7.75 per share, a 20% premium on its April 25 closing price, valuing the UK-based cyber security company at ~$5B  —  Offer comes less than two years after private equity group held talks about buying cyber security company
Clothilde Goujard / Politico:
The EU Commission says Shein will have to comply with DSA rules for handling content on its platform from August 2024, as the retailer has 45M+ users in the EU  —  BRUSSELS — Chinese-founded fashion app Shein will face stringent rules on how it handles content on its platform starting in late August …
Sean O'Kane / TechCrunch:
Nikkei Asia:
Apple's latest supplier list shows the challenges the company is facing in diversifying its supply chain, as its Chinese suppliers grew from 48 to 52 in 2023  —  Japan, Taiwan and U.S. supplier numbers dip as iPhone maker expands in Southeast Asia  —  TAIPEI — Apple is deepening its ties …
Katie Robertson / New York Times:
Former Twilio CEO and co-founder Jeff Lawson buys The Onion from G/O Media, via his company Global Tetrahedron; Lawson had long wanted to buy the satirical site  —  The satirical news website was bought by a new firm in Chicago that took inspiration for its name, Global Tetrahedron, from a book written by The Onion's staff.
Alphabet:
Alphabet Q1: revenue up 15% YoY to $80.5B, net income up 57% to $23.7B, Google Cloud revenue up 28% to $9.6B, and headcount down 5%; GOOG jumps 10%+  —  Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter ended March 31, 2024.
Akash Sriram / Reuters:
Microsoft:
Microsoft Q3: revenue up 17% YoY to $61.9B, net income up 20% to $21.9B, Office Commercial revenue up 13%, LinkedIn revenue up 10%  —  Microsoft Cloud Strength Fuels Third Quarter Results REDMOND, Wash. — April 25, 2024 — Microsoft Corp. today announced the following results for the quarter ended March 31 …
Jordan Novet / CNBC:
Tom Warren / The Verge:
CoinDesk:
Consensys sues the US SEC over what it calls the agency's “unlawful seizure of authority over ETH”, after getting a Wells notice for its MetaMask wallet product  —  By offering their MetaMask wallet software, the SEC says Consensys is acting as an unregistered securities broker.

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