June 12, 2024, 5:35 AM

Top News

Hayden Field / CNBC:
Elon Musk withdraws his lawsuit against OpenAI, Sam Altman, and Greg Brockman, filed in California in February 2024 over 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.
Verne Kopytoff / Fortune:
In an interview, OpenAI CTO Mira Murati responded to Elon Musk's denouncement of Apple's OpenAI deal, saying OpenAI cares deeply about user privacy and security  —  A top OpenAI executive defended her company against Elon Musk, a day after the billionaire CEO described the integration …
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
Mariella Moon / Engadget:
X says the platform will make Likes private for everyone this week, meaning users will no longer be able to see who liked someone else's post  —  Likes on the website will no longer cause PR crises for public figures.  —  Thanks to X showing what its users “like” on its platform …
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.
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.
Max A. Cherney / Reuters:
Sources: MediaTek is designing an Arm-based chip for Windows laptops, slated to launch late in 2025 after Qualcomm's exclusive deal expires  —  Taiwanese chip design giant MediaTek (2454.TW) is developing an Arm-based personal computer chip that will run Microsoft's (MSFT.O) Windows operating system …
Varsha Bansal / Rest of World:
Sources detail struggles at Koo, an Indian rival to X, including laying off ~80% of its workforce in recent months and being unable to raise more funds  —  The microblogging platform — India's first in over 10 languages — went from booming international expansion to near closure in just four years.
Four Indian retailer associations representing 90K grocery shops say monthly sales are dropping by 10% to 60% for some due to the rise of quick commerce apps  —  In a middle-class suburb of Mumbai, workers at SoftBank-backed Swiggy's grocery warehouse race against time to deliver orders within 10 minutes.
Kyle Orland / Ars Technica:
Mark Gurman / Bloomberg:

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