| Michael Peel / Financial Times: |
Google DeepMind and Isomorphic Labs detail AlphaFold 3, an AI model to predict interactions and structures of proteins, DNA, RNA, more, beating many top methods — AlphaFold 3 aims to reveal biological secrets and boost drug search efforts — Google DeepMind has unveiled … | Bloomberg: |
Google DeepMind CEO Demis Hassabis says AI breakthroughs in biology research could be a $100B+ business, commercialized via DeepMind spinout Isomorphic Labs — First AI-designed drugs may be ready for testing in “next couple of years,” Google's AI boss Demis Hassabis tells Bloomberg Television| Tom Dotan / Wall Street Journal: |
Microsoft plans to invest $3.3B to build a data center in Mount Pleasant, Wisconsin, and train locals, alongside investing in a University of Wisconsin AI lab — Company has been on a global spending spree, trying to build infrastructure and goodwill for artificial intelligence| Demetri Sevastopulo / Financial Times: |
The US Commerce Department revokes some export licenses that let companies ship chips and other goods to Huawei, affecting Intel and, sources say, also Qualcomm — Move marks latest effort by Biden administration to target the country's tech sector — The Biden administration … | Lynn Doan / Bloomberg: |
| Reuters: |
Sources: US prosecutors are examining if Tesla committed securities or wire fraud by misleading investors and consumers about Autopilot and Full Self-Driving — U.S. prosecutors are examining whether Tesla (TSLA.O) committed securities or wire fraud by misleading investors and consumers … | William Gallagher / AppleInsider: |
Apple's iPad Pro ad “Crush”, which shows paints, toys, guitars, sculptures, and more being crushed to reveal the thin device, draws criticism on social media — The minute-long Apple ad showing art equipment and materials being crushed down into the new iPad Pro is being called heartbreaking, wanton, and creepy.| Carl Franzen / VentureBeat: |
OpenAI publishes Model Spec, which specifies how its models should behave, including objectives, rules, and default behaviors, and asks the public for feedback — OpenAI isn't done trying to live up to the “open” in its name. — While not making any of its new models open source … | Spencer Soper / Bloomberg: |
Shopify reports Q1 revenue up 23% YoY to $1.9B, GMV up 23% YoY to $60.9B, and expects gross margins to drop by ~50 basis points YoY in Q2; SHOP plummets 18%+ — - Gross margins in current quarter are expected to narrow — President: ‘This is how you achieve long-term durable growth’| Jennifer Pattison Tuohy / The Verge: |
The Connectivity Standards Alliance releases Matter 1.3, adding support for more appliances, energy and water management, and new casting protocol features — The latest Matter spec brings a number of improvements to the smart home standard founded by Apple, Google, Amazon, and Samsung.| Natalie Lung / Bloomberg: |
Uber reports Q1 revenue up 15% YoY to $10.1B, Gross Bookings up 20% YoY to $37.7B, below $38B est., and adjusted EBITDA up 82% YoY to $1.4B; UBER falls 5%+ — - Bookings growth still tops 20% on rides, order frequency gains — Operating profit falls on anticipated legal fees, settlements| BBC: |
Ofcom proposes new rules requiring tech companies to change their algorithms to hide “toxic” material from children, have more robust age checks, and more — Ofcom has warned social media sites they could be named and shamed - and banned for under-18s - if they fail to comply with new online safety rules.| Maggie Harrison / Futurism: |
An investigation into AdVon, the company behind Sports Illustrated's fake writers, finds its AI content and fake authors at the LA Times, Miami Herald, and more — Remember that AI company behind Sports Illustrated's fake writers? We did some digging — and it's got tendrils into other surprisingly prominent publications.| Reuters: |
Sources: the US Commerce Department is considering a new regulatory push to restrict the export of proprietary or closed source AI models to China — The Biden administration is poised to open up a new front in its effort to safeguard U.S. AI from China with preliminary plans … | Reuters: |
Arm reports Q4 revenue up 47% YoY to $928M, vs. $875.6M est., royalty revenue up 37%, and forecasts FY 2025 revenue below expectations — Chip designer Arm Holdings (O9Ty.F), gave a fiscal first-quarter revenue forecast on Wednesday that beat Wall Street's expectations, but its full-year forecast was below expectations.| Georgia Butler / DatacenterDynamics: |
Google says “rare issues at Google Cloud” caused a week-long private cloud outage at UniSuper, an Australian pension fund for the education and research sectors — Google problems resulting in an inadvertent misconfiguration of UniSuper's systems| Tom Warren / The Verge: |
Microsoft plans to add an auto-complete feature to Copilot for Microsoft 365 in the coming months that offers suggestions to add details to improve AI prompts — Microsoft is attempting to solve the problem of coming up with a good prompt for generative AI, aiming to turn everyone into a prompt engineer.| Andrew J. Hawkins / The Verge: |
Filing: Orlando-based lidar manufacturer Luminar says Tesla was its “largest LiDAR customer in Q1”, contributing 10%+ of its revenue, or ~$2.1M for the quarter — Elon Musk previously dismissed the laser sensor as a ‘crutch’ and said that any company relying on lidar to power self-driving was ‘doomed.’| The Guardian: |
An investigation finds a vast web of fake shops run from China touting designer brands that duped 800K+ people in Europe and the US into sharing personal data — Exclusive: Vast web of fake shops touting designer brands took money and personal details from 800,000 people in Europe and US, data suggests| André Beganski / Decrypt: |
Robinhood CEO Vlad Tenev decries a “regulatory onslaught” and calls US SEC 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.| Jesse Pound / CNBC: |
Robinhood reports Q1 revenue up 40% YoY to $618M, vs. $549M est., crypto transaction revenue up 232% to $126M, net income of $157M, vs. a net loss of $511M YoY — Shares of Robinhood rose in extended trading Wednesday afternoon after the retail brokerage announced stronger-than-expected first-quarter results.| Natalie Lung / Bloomberg: |
Instacart Q1: revenue up 8% YoY to $820M, vs. $794.5M est., gross transaction value up 11% to $8.32B; CFO Nick Giovanni is retiring, replaced by Emily Reuter — - Emily Reuter named CFO after joining Instacart six months ago — Instacart reports better-than-expected first-quarter results| Ashley Capoot / CNBC: |
Airbnb reports Q1 revenue up 18% YoY to $2.14B, vs. $2.06B est., Nights and Experiences Booked up 9.5% to 132.6M, and forecasts Q2 revenue below expectations — In this photo illustration, the Airbnb logo is displayed on a computer monitor and cell phone on February 13, 2024 in Los Angeles, California.| Kylie Robison / The Verge: |
| Financial Times: |
The UK is investigating “potential failings” at IT contractor SSCL, which was breached by suspected Chinese hackers to expose payroll records for 272K people — Grant Shapps announces investigation into attack by ‘malign actor’ that targeted up to 270,000 military personnel records| Ivan Mehta / TechCrunch: |
Bluesky details its product roadmap: an off-protocol DM system to facilitate one-on-one chats, improved custom feeds, anti-harassment tools, and video support — Bluesky has launched a new product roadmap for the coming months. The decentralized social network said on Tuesday that it is planning … | Kate Park / TechCrunch: |
Samsung Electronics' medical device unit Samsung Medison plans to acquire Paris-based Sonio, which makes AI-powered ultrasound workflows software, for ~$92.7M — Samsung Medison, a medical device unit of Samsung Electronics that specializes in developing diagnostic imaging devices …
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