Techmeme
May 23, 2024, 2:25 AM

Top News

Wall Street Journal:
News Corp and OpenAI announce a multiyear agreement to bring News Corp's news content to OpenAI; sources: the deal could be worth $250M over five years  —  Agreement could generate over $250 million over five years for News Corp in cash and credits  —  Wall Street Journal owner News Corp struck …
André Beganski / Decrypt:
The US House passes the Financial Innovation and Technology for the 21st Century Act, or FIT21, which would create a regulatory framework for digital assets  —  Dubbed the Financial Innovation and Technology for the 21st Century Act, or FIT21, the measure was approved by the House of Representatives with a 279-136 vote.
Sarah Perez / TechCrunch:
Google Pay now lets users see their card benefits and perks before selecting a card, use BNPL on more sites, and fill in card details through biometrics or PIN  —  Google Pay is rolling out a number of updates that capitalize on its integrations with other Google products, like Android and the Chrome browser.
Kif Leswing / CNBC:
Nvidia reports Q1 revenue up 262% YoY to $26.04B, vs. $24.65B est., forecasts Q2 revenue above est., and splits its stock 10-for-1; NVDA jumps 5%+ after hours  —  Nvidia shares topped $1,000 for the first time in extended trading on Wednesday after the chipmaker reported fiscal first-quarter results that topped analyst estimates.
Emilia David / The Verge:
Truecaller partners with Microsoft's Azure AI Speech to let its AI Assistant users create an AI version of their voice to answer calls based on a recorded clip  —  Caller ID company Truecaller will let users create an AI version of their voice to answer calls.
Nitasha Tiku / Washington Post:
Documents and sources: OpenAI didn't use Scarlett Johansson's voice for ChatGPT's Sky and hired another actress months before Sam Altman contacted Johansson  —  A different actress was hired to provide the voice for ChatGPT's ‘Sky,’ according to documents and recordings shared with the Washington Post.
Kelsey Piper / Vox:
Leaked OpenAI docs show aggressive tactics toward ex-employees and contradict leadership's comments about being unaware of provisions about equity cancellation  —  On Friday, Vox reported that employees at tech giant OpenAI who wanted to leave the company were confronted with expansive and highly restrictive exit documents.
David Shepardson / Reuters:
US FCC Chairwoman Jessica Rosenworcel proposes requiring the disclosure of content generated by AI in political ads on radio and TV, citing the use of deepfakes  —  U.S. Federal Communications Commission Chairwoman Jessica Rosenworcel on Wednesday proposed requiring disclosure of content generated …
Kurt Wagner / Bloomberg:
Zuckerberg creates the Meta Advisory Group with Patrick Collison, Nat Friedman, Tobi Lütke, and Charlie Songhurst, to advise on tech and growth opportunities  —  - Stripe's Collison, Shopify's Lütke among new advisers  — Group to guide Meta on tech, strategic growth opportunities
Emma Roth / The Verge:
Bluesky now lets users send DMs and says it's working on adding support for messages with images and end-to-end encryption  —  Bluesky will now let you send a direct message to other users.  For now, you can only send messages containing text, but Bluesky is working on adding support for images and videos.
Bloomberg:
How social e-commerce app Xiaohongshu has defied China's tech sector crackdown and boomed through a combination of influencers, AI, and soft marketing tactics  —  - Xiaohongshu's profit last year beat peers including Weibo  — The two co-founders have a combined fortune of $6 billion
Inci Ozbek / Bloomberg:
Istanbul-based Colendi, which provides digital banking services, raised a $65M Series B at a $700M valuation from Citi Ventures and others  —  - Digital banking startup raised $65 million in Series B round  — Colendi targets $1 billion valuation in new investment round
More: Tech.eu
Financial Times:
A profile of Sachin Dev Duggal, the CEO of Builder.ai, which offers low-code tools and has raised ~$450M, as sources describe staff retention problems and more  —  Founder of one of the UK's best-funded start-ups has been dogged by legal disputes during a meteoric business career

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