May 31, 2024, 12:40 PM

Top News

Abner Li / 9to5Google:
Sources: TikTok is working on a clone of its recommendation algorithm for its US users that may result in a version that operates independently of ByteDance  —  TikTok is working on a clone of its recommendation algorithm for its 170 million U.S. users that may result in a version …
Sarah Perez / TechCrunch:
Spotify creates a refund process for its discontinued Car Thing gadget, as consumers sue claiming Spotify misled them by selling a soon-to-be obsolete product  —  Spotify is facing continued backlash over its decision to discontinue support for Car Thing, its in-car streaming device …
Devin Coldewey / TechCrunch:
Researchers claim that 2,107 US voters, mostly older, white Republican women, accounted for spreading 80% of the fake news on Twitter during the 2020 election  —  A pair of studies published Thursday in the journal Science offers evidence not only that misinformation on social media changes minds …
Emily Nicolle / Bloomberg:
Tether acquires a $100M stake in US-listed bitcoin miner Bitdeer owned by Chinese billionaire Jihan Wu, with an option to buy $50M more in shares within a year  —  - Bitcoin miner is owned by the Chinese billionaire Jihan Wu  — Bitdeer was previously in talks with private credit firms
Mark Gurman / Bloomberg:
Sources: Apple plans to overhaul Siri with more advanced AI, a move that would allow Siri to take command of all the features within apps for the first time  —  - The feature will be at the heart of renewed Apple push into AI  — Idea is to operate features within individual apps using voice
Dan Fitzpatrick / Forbes:
OpenAI unveils ChatGPT Edu, an “affordable” version for universities, including GPT-4o access, custom GPT creation, and higher message limits than the free tier  —  OpenAI has announced ChatGPT Edu.  This will be a specialized version of its AI platform designed specifically for universities.
The US Treasury Department plans to make the IRS' Direct File program permanent from the 2025 tax season and invites all states and Washington DC to participate  —  - Treasury announced earlier this month that more than 140,000 people participated in the Direct File pilot program …
Paul Sawers / TechCrunch:
The European Commission designates Temu as a “very large online platform” and says the company will have to comply with DSA rules by the end of September 2024  —  Temu, the super low-cost e-commerce marketplace owned by Chinese online retailer Pinduoduo, is to face …
Dan Primack / Axios:
Sources: Vista Equity has written off the entire value of its investment in tech learning platform Pluralsight, three years after taking it private for $3.5B  —  - One source says that the Utah-based company's financials have improved, with a around 26% EBITDA growth in 2023 …
Kurt Wagner / Bloomberg:
How Meta revamped Facebook's feed to show more posts from outside a person's network of friends and family, in a move to fight TikTok and win back younger users  —  - Feed now features a broader array of posts based on interest  — More young adults are back on Facebook after years of declines
OpenAI is hiring research engineers to rebuild its robotics team; sources: the company plans to develop tech that robot makers will integrate into their systems  —  After disbanding its efforts to build a general purpose robot in 2020, the AI juggernaut is embarking on a new attempt …
Evgeny Obedkov / Game World Observer:
Sony says PS5 generated $106B in revenue in less than four years vs. PS4's $107B over seven years, PS5 in-game purchases spending up 176% over PS4, and more  —  Sony has published its annual business briefing.  Here are the key takeaways about the performance of the PlayStation business and updates to the company's gaming strategy.
Ben Thompson / Stratechery:
A look at the different approaches to AI integration and modularization taken by Google, AWS, Microsoft, Nvidia, Meta, and Databricks, and the implications  —  Satya Nadella, in last week's Stratechery Interview, said in response to a question about Google and AI:

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