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June 11, 2024, 10:15 PM
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Top News

Apple Machine Learning Research:
Apple details two Apple Intelligence language models: ~3B parameter on-device and a larger model on Apple silicon servers available with Private Cloud Compute  —  At the 2024 Worldwide Developers Conference, we introduced Apple Intelligence, a personal intelligence system integrated deeply into iOS 18, iPadOS 18, and macOS Sequoia.
Mark Gurman / Bloomberg:
Apple's AI features are quintessentially Apple and probably take the right approach, but many won't launch until 2025; the iOS 18 beta is missing the new Siri
Kyle Orland / Ars Technica:
Apple says its Private Cloud Compute for AI processing uses servers with Apple silicon, and “independent experts can inspect the code” that runs on its servers
Hayden Field / CNBC:
Elon Musk withdraws his lawsuit against OpenAI, Sam Altman, and Greg Brockman, filed in California court in February, for breach of contract and fiduciary duty  —  Elon Musk on Tuesday withdrew his lawsuit against OpenAI and two of the company's co-founders, Sam Altman and Greg Brockman, in California state court.
Joe Rossignol / MacRumors:
Apple says iOS 18, iPadOS 18, macOS Sequoia, and watchOS 11 will rebrand Apple ID to Apple Account “for a consistent sign-in experience across Apple services”  —  Earlier this year, we reported that “Apple ID” would be renamed to “Apple Account,” and this change has now been officially announced.
Josh Tyrangiel / Washington Post:
Q&A with Tim Cook on how AI will help users “save time”, sticking to Apple's values, the Apple Intelligence name, hallucinations, OpenAI, journalism, and more  —  In an interview, Tim Cook explains how Apple's new AI will enhance your work and life, with guardrails.
Bloomberg:
Source: Spotify plans to launch a higher-priced premium plan later in 2024, charging $5+ more per month for better audio, playlist and library tools, and more  —  The plan will cost at least $5 more per month and include access to high-fidelity audio and new playlisting tools.
Ryan Vlastelica / Bloomberg:
Apple shares closed up 7.3% at $207.15 in their biggest one-day jump since November 2022, giving the company a $3.18T market cap, just under Microsoft's $3.22T  —  - The return to all-time high comes after Monday conference  — Shares have underperformed most other big tech names this year
Jordan Novet / CNBC:
Oracle reports Q4 revenue up 3% YoY to $14.29B, vs. $14.55B est., net income down 5% to $3.14B, announces deals with Google and OpenAI; ORCL up 7%+ after hours  —  Oracle shares jumped as much as 9% in extended trading on Tuesday after the software maker announced cloud deals with Google and OpenAI …
Financial Times:
Video game and app developer Voodoo acquires photo-sharing app BeReal, in a deal valuing BeReal at €500M; Voodoo's Aymeric Roffé will become BeReal's CEO  —  Paris-based platform popular with young people is bought by French video game developer
Hayden Field / CNBC:
Current and former OpenAI staff are increasingly worried about the company's power over their equity, with no IPO in sight, restrictive company policies, more  —  OpenAI plans to allow stakeholders to sell a portion of their shares every year, but the company, which has been valued at over $80 billion …
Financial Times:
Paris-based AI startup Mistral raised a €600M Series B led by General Catalyst, sources say comprising €468M in equity and €132M in debt at a €5.8B valuation  —  Price tag has tripled since December for Microsoft-backed AI start-up launched one year ago to challenge OpenAI
Ivan Mehta / TechCrunch:
Google's June Pixel drop adds Gemini Nano to the Pixel 8 and 8a, updated HDR+ support to the Pixel 6 and up, car crash detection on the Pixel Watch 2, and more  —  Google is finally making its Gemini Nano AI model available to Pixel 8 and 8a users after teasing it in March.
Zachery Eanes / Axios:
Raleigh, NC-based Relay, which makes walkie-talkies that can provide real-time location data, do live translation, and more, raised a $35M Series B led by G2  —  - The tool has proven useful in fields like hospitality, with hotel workers using them between floors, as well as in health care, education and manufacturing, Chuang said.

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From Mediagazer

Michael D. Shear / New York Times:
Trump threatens to sue the BBC over the Panorama edit, seeking “no less than $1B in damages” if he does not get a full retraction and an apology

Vivian Wang / New York Times:
How China stopped an NYC-based independent Chinese film festival, including pressuring directors and moderators, as it largely erases independent films in China

Vanity Fair:
Vanity Fair announces new hires, including Ta-Nehisi Coates as senior staff writer and Adrienne Green as executive editor, plus new contributing editors

More News

Bloomberg:
Sources: Intel plans to temporarily delay construction on its $25B plant in Israel, as the company works to pace its investments in factories planned globally

Earlier Picks

Kevin Roose / New York Times:
Apple Vision Pro, while a remarkable piece of tech, needs updates to stop gathering dust, and WWDC 2024's features, like 3D “spatial photos”, are modest tweaks
Stephanie Stacey / Financial Times:
Raspberry Pi jumped by up to 39% on its London trading debut, hitting a ~£542M market cap, after pricing shares at £2.80, and expects to ship 8.4M PCs in 2024
Chance Miller / 9to5Mac:
Apple unveils iOS 18, adding more Home Screen customization, a dark mode that tints app icons, a revamped Control Center, scheduled send for Messages, and more
More: Apple, CNET, XDA Developers, MacRumors, iLounge, Bloomberg, Tom's Guide, Neowin, iMore, Pocket-lint, Xataka On, MacRumors, Supercharged, 9to5Mac, 9to5Mac, CNET, 9to5Mac, 9to5Mac, MacRumors, TechCrunch, 9to5Mac, Ars Technica, The Sun, CNET, Yahoo Finance, iPhone in Canada Blog, TechRadar, PhoneArena, Stuff, AppleInsider, TechCrunch, iMore, XDA Developers, The Verge, Digital Trends, BGR, The Verge, ZDNet, MacRumors, The Verge, and Engadget
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