June 12, 2024, 7:00 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 …
Joe Rossignol / MacRumors:
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 …
Usama Jawad / XDA Developers:
Microsoft is removing the Custom GPT Builder feature from the consumer version of Copilot Pro on July 10, just three months after launching the feature  —  Microsoft has decided to retire GPT Builder in Copilot Pro for consumers, just three months after it began rolling out the service broadly.
Sergiu Gatlan / BleepingComputer:
Dutch agencies: 20K+ FortiGate systems were hacked in a Chinese cyber-espionage campaign in 2022 and 2023, at least two months before FortiGate noted the flaw  —  The Dutch Military Intelligence and Security Service (MIVD) warned today that the impact of a Chinese cyber-espionage campaign unveiled earlier …
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 jumps 7%+  —  Oracle shares jumped as much as 9% in extended trading on Tuesday after the software maker announced cloud deals with Google and OpenAI …
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 …
Diana Li / Bloomberg:
Filings: Michael Dell plans to sell 10M Dell shares worth $1.3B, after selling $1.6B in shares earlier in 2024; Dell sold $1.7B in 1999 before the bubble burst  —  - Dell filed to sell 10 million shares now worth $1.3 billion  — His hardware company surged this year on AI optimism
More: Finbold
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.
Wall Street Journal:
Sources and documents detail how Elon Musk blurred boundaries with female employees at SpaceX, including having sex with an employee and a former intern  —  The billionaire founder had sex with an employee and a former intern, and asked a woman at his company to have his babies

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Zachery Eanes / Axios:
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Earlier Picks

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Financial Times:
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Kyle Orland / Ars Technica:
Chance Miller / 9to5Mac: