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May 9, 2024, 5:25 AM
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Jason Schreier / Bloomberg:
Sources: Microsoft plans more cuts after closing several game studios, as the massive Activision acquisition has ramped up scrutiny on the Xbox division  —  Xbox is offering voluntary severance agreements to producers, quality assurance testers and other staff at ZeniMax as part of a broader cost-cutting initiative
Ash Parrish / The Verge:
Town hall: Xbox Game Studios head Matt Booty discussed wanting small and prestigious games, after closing the studio behind small, prestigious hit Hi-Fi Rush  —  Today, one day after Microsoft announced that it would shut down four of its games studios, Matt Booty, head of Xbox Game Studios …
Dallin Grimm / Tom's Hardware:
Some Stack Overflow users say their account was suspended after they attempted to alter their posts in protest of its OpenAI partnership to supply data for AI  —  Stack Overflow is overflowing with salt.  —  Stack Overflow, a legendary internet forum for programmers and developers …
Mark Gurman / Bloomberg:
A look at potential successors to Tim Cook; sources say Apple's hardware engineering chief John Ternus is the most likely long-term successor  —  John Ternus, the head of hardware engineering, is emerging as a potential successor to the CEO.  —  Tim Cook has transformed Apple Inc. since taking …
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 …
Wall Street Journal:
In a blog post, Neuralink details a problem with its implant in patient Noland Arbaugh's brain that reduced data collection after the implant's threads came out  —  Amount of data captured from the device declined, although the patient and the Elon Musk-owned company still staged a successful demonstration
Jesse Pound / CNBC:
Robinhood reports Q1 revenue up 40% YoY to $618M, vs. $549M est., crypto transaction revenue up 232% to $126M, and a $157M net income, vs. a $511M net loss YoY  —  Shares of Robinhood rose in extended trading Wednesday afternoon after the retail brokerage announced stronger-than-expected first-quarter results.
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 …
Pratik Jain / Reuters:
US hospital operator Ascension reports disruptions to its clinical operations due to a suspected cybersecurity incident and engages Mandiant to help investigate  —  Hospital operator Ascension reported disruptions to its clinical operations on Wednesday due to a suspected cybersecurity incident …
Shahram Mokhtari / iFixit News:
Huawei Pura 70 Pro teardown: the 7nm Kirin 9010 is only marginally better than Kirin 9000S, and the majority of the chips are designed and manufactured in China  —  Huawei released the Pura 70 line of smartphones in April 2024 and it's already made a bit of a stir.
Ashley Capoot / CNBC:
Airbnb reports Q1 revenue up 18% YoY to $2.14B, vs. $2.06B est., Nights and Experiences Booked up 9.5% YoY, and Q2 guidance below est.; ABNB drops 8%+  —  In this photo illustration, the Airbnb logo is displayed on a computer monitor and cell phone on February 13, 2024 in Los Angeles, California.
Reuters:
Arm reports Q4 revenue up 47% YoY to $928M, vs. $875.6M est., royalty revenue up 37% YoY, and forecasts FY 2025 revenue below est.; ARM drops 9%+  —  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.
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.

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From Mediagazer

Corbin Bolies / The Wrap:
News Corp reports $242M in Q2 net income, down 21% YoY, rev. up 6% YoY to $2.36B vs. $2.30B est., digital-only WSJ subs up 13% to 4.3M, HarperCollins rev. up 6%

Rebecca Rubin / Variety:
Lionsgate hires Kathleen Grace, previously chief strategy officer at AI company Vermillio, as its first-ever chief AI officer to lead AI strategy and execution

Alexander Osipovich / Wall Street Journal:
Thomson Reuters' CEO says AI cannot easily replace the company's legal-research expertise, after its stock fell following the release of Claude legal work tools

More News

Nicholas Yong / Rest of World:
Some Singaporean writers resist the government's request to use their works to train a multilingual LLM, citing little clarity on compensation and other issues
James Thomason / VentureBeat:
RunPod, which offers a globally distributed GPU cloud platform for developing and deploying AI, raised a $20M seed co-led by Intel Capital and Dell Technologies
Dade Hayes / Deadline:
Disney and WBD announce a streaming bundle of Disney+, Hulu, and Max, with ad-supported and ad-free plans, beginning this summer in the US, with pricing to come
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

Earlier Picks

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
More: Apple on YouTube, Axios, The Verge, The Hollywood Reporter, NBC News, Spectator, PhoneArena, MusicRadar, Fast Company, Deadline, Laptop Mag, Adweek, New York Times, Wall Street Journal, Philip Elmer‑DeWitt, CNN, HEY, Bloomberg, SFGATE, The Atlantic, Campaign Middle East, 80 Level, Cult of Mac Today, The Wrap, Variety, TechCrunch, MobileSyrup, Inc.com, The Daily Dot, Washington Post, Mashable, Vulture, NME, Patently Apple, The Register, iMore, Business Insider, PCMag, Kotaku, Ad Age, The Drum, iClarified, and The Verge
Threads: @anildash, @craigmod, @tomwarrenuk, @joelt999, and @gwhitta
Mastodon: @virtualbri@mastodon.online, @yiningkarlli@mastodon …, and @Richard_Littler …
X: @hackedoffhugh, @rezawrecktion, @michaelmiraflor, @mr_james_c, @alexroy144, @justinebateman, @adamsinger, @jamiesont, @zemotion, @jacquesgreene, @ositanwanevu, @locust9, @jamesrbuk, @bcmerchant, @reedmorano, @kepano, @matthewstoller, @justinebateman, @stevesi, @counternotions, @timsweeneyepic, @sdw, @byronyork, @nick_kapur, @thestalwart, @joecarlsonshow, @ed_solomon, @mikerugnetta, @anylaurie16, @angelicaoung, @patrickdeneen, @neilcybart, @mer__edith, @mgsiegler, @zemotion, @cheo_coker, @dream_arkanum, @dhh, @teroterotero, @mikeisaac, @katiepavlich, @jamesrbuk, @teroterotero, @reedalbergotti, @lmlauramarsh, @fchollet, @melmitchell1, @pmddomingos, @alexludoboyd, @maxwinebach, @oliversegovia, @isaiah_bb, @robertwrighter, @lmatsakis, @micsolana, @emollick, @benmullin, @markgurman, @neilcybart, @loudmouthjulia, @bennjordan, @thestalwart, @antoniogm, @fchollet, @bcmerchant, @lulumeservey, @tomfgoodwin, @asifkapadia, @morgothsreview, @dark1x, @bengeskin, @hkesvani, @tomandlorenzo, @jysexton, @sarahkendzior, @danielpriestley, @byyourlogic, @carnage4life, @jamesmelville, @theadamsass, @harikunzru, @sarahbadr, @dollydeighton, @greg_jenner, @postoctobrist, @david_rudnick, @schillingc, @alicelowe, and @swiftonsecurity.  LinkedIn: Emil Protalinski
Forums: Hacker News, r/apple, and MacRumors Forums
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
Lynn Doan / Bloomberg:
Intel expects its Q2 revenue to be “below the midpoint” of the company's previously guided $12.5B to $13.5B range because of a new US ban on Huawei chip exports
Spencer Soper / Bloomberg:
Shopify reports Q1 revenue up 23% YoY to $1.9B, GMV up 23% to $60.9B, expects increased operating expenses and lower profit margins in Q2; SHOP closed down 18%+
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