Techmeme
May 8, 2024, 6:45 AM

Top News

Wesley Yin-Poole / IGN:
Memo: Microsoft's Xbox plans to shut down multiple Bethesda studios and consolidate teams to prioritize high-impact titles and invest in Bethesda's portfolio  —  Staff told via email.  —  Microsoft has closed a number of Bethesda studios, including Redfall maker Arkane Austin …
Chris Welch / The Verge:
Apple unveils $999+ 11" and $1,299+ 13" iPad Pros, with M4, an OLED Ultra Retina XDR screen, up to 1,600 nits; the 13" is Apple's thinnest product yet, at 5.1mm  —  At its “Let Loose” virtual event this morning, Apple introduced its long-awaited iPad Pro updates.
Jess Weatherbed / The Verge:
The Verge:
Benjamin Mayo / 9to5Mac:
Rachel Metz / Bloomberg:
Source: OpenAI is developing a feature for ChatGPT that can search the web and show results with citations to sources and images  —  The feature would let ChatGPT users search the web and cite sources in its results.  —  OpenAI is developing a feature for ChatGPT that can search the web …
André Beganski / Decrypt:
Robinhood CEO Vlad Tenev decries a “regulatory onslaught”, calling the SEC's actions “another improper attempt by the administrative state to stifle innovation”  —  Though Robinhood Crypto thought its “safety-first” approach was distinct, the SEC said that enforcement action is on its way.
Georgia Butler / DatacenterDynamics:
New York Times:
TikTok sues the US government, arguing the law forcing a sale or a ban violates its US users' First Amendment rights and divestiture is “simply not possible”  —  The social media company and its Chinese parent, ByteDance, sued to challenge the new law, saying it violated users' First Amendment rights.
Steven Church / Bloomberg:
FTX says it will have as much as $16.3B to distribute after finishing selling all of its assets; FTX owes customers and other non-governmental creditors ~$11B  —  - Crypto customers to get interest on what FTX owes them  — Bankrupt firm updates plan to divide cash among creditors
Lorenzo Franceschi-Bicchierai / TechCrunch:
UK and US authorities identify and charge the leader of the LockBit ransomware gang, a 31-year-old Russian national; the US also issued sanctions against him  —  The identity of the leader of one of the most infamous ransomware groups in history has finally been revealed.
Demetri Sevastopulo / Financial Times:
The US revokes some licenses that allow companies to ship chips and other goods to Huawei; sources say the decision affects Intel and Qualcomm  —  Move marks latest effort by Biden administration to target the country's tech sector  —  The Biden administration has revoked export licences …
Sarah Perez / TechCrunch:
Meta announces an update to its AI ad tools, which can now make full new images, not just backgrounds, and claims to add strong guardrails to prevent abuse  —  Meta is rolling out an expanded set of generative AI tools for advertisers, after first announcing a set of AI features last October.
Brian Heater / TechCrunch:
Researchers say they have unlocked a kind of sperm whale “alphabet” with the aid of machine learning, a breakthrough in understanding cetacean communication  —  Researchers at MIT CSAIL and Project CETI believe that they have unlocked a kind of sperm whale alphabet with the aid of machine learning technologies.
Carsten Frauenheim / iFixit News:
A look at LPCAMM2, a totally modular, repairable, and upgradeable memory standard for laptops that doesn't require soldering LPDDR chips to the motherboard  —  If you've ever tried to “future-proof” a purchase by paying for everything you might eventually need up front, you know it can be a sucker's game.
Julian Chokkattu / Wired:
Google unveils the Pixel 8a with a Tensor G3 chip, a 6.1" 120Hz OLED display with up to 2,000 nits brightness, and Gemini Nano access, shipping May 14 for $499+  —  The company's refined midrange Android phone packs its flagship Tensor G3 chipset.  The handset was announced ahead of next week's Google I/O conference.
Ryan Browne / CNBC:
UK neobank Monzo raised $190M at a $5.2B valuation, up from $5B in March 2024 after raising $430M, and plans to use the funds for its international expansion  —  Monzo CEO TS Anil.  —  British neobank Monzo said Wednesday that it's raised another $190 million, lifting the total it's raised so far this year to $610 million.
More: Finextra
Bloomberg:
Amit Midha, the CEO of Alat, a $100B investment fund focused on AI and chips backed by Saudi Arabia's PIF, says the fund will divest from China if the US asks  —  - The $100 billion Saudi investment fund says US is top partner  — Alat will announce two US company partnerships by end of June

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