June 12, 2024, 8:15 PM

Top News

Terraform Labs agrees to pay $4.47B to resolve a US SEC lawsuit, after a jury in April found the company and Do Kwon liable for fraud following a civil trial  —  - Deal includes $204.3 million payment by founder Do Kwon  — Terraform, Kwon found liable for fraud in April civil trial
Abner Li / 9to5Google:
Google says ChromeOS will soon be developed on portions of the Android stack, including its Linux kernel and frameworks, to bring AI features to users faster  —  Google announced today that ChromeOS will be “developed on large portions of the Android stack” going forward.
Joseph Cox / 404 Media:
A hacker says they breached Tile internal tools, including one for processing data for cops, and stole customer data like phone numbers, addresses, and Tile IDs  —  A hacker broke into systems used by Tile, the tracking company, then stole a wealth of customer data and had access to internal company tools.
Reed Albergotti / Semafor:
AI search engine Perplexity says it was working on revenue-sharing deals with publishers when Forbes criticized it for misusing content from Forbes and others  —  The Scoop  —  Perplexity, the AI search startup that recently came under fire from Forbes for allegedly misusing its content …
Sean Michael Kerner / VentureBeat:
Stability AI releases Stable Diffusion 3 Medium, intended to be a smaller yet capable model on consumer GPUs, with 2B parameters, compared to SD3 Large's 8B  —  Bigger isn't always better, especially when it comes to running generative AI models on commodity hardware.
The Information:
Sources: OpenAI's annualized revenue has hit $3.4B, up from $1.6B in late 2023 and $1B last summer; $3.2B comes from subscriptions to its chatbots and API fees  —  OpenAI has more than doubled its annualized revenue to $3.4 billion in the past six months or so, OpenAI CEO Sam Altman has told staff …
Mariella Moon / Engadget:
X says Likes are now private for everyone, meaning users are no longer 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, politicians and public personalities …
Arsheeya Bajwa / Reuters:
Broadcom reports Q2 revenue up 43% YoY to $12.49B, vs. $12.01B est., raises FY 2024 revenue forecast, announces a 10:1 stock split; AVGO jumps 9%+ after hours  —  Tech conglomerate Broadcom (AVGO.O) raised its annual revenue forecast on Wednesday, betting on higher demand for its networking equipment …
Andrew J. Hawkins / The Verge:
Waymo updates the software on its 672 vehicles, after one unoccupied car collided with a telephone pole in Phoenix on May 21, marking Waymo's second recall ever  —  Waymo is issuing a voluntary software recall after one of its driverless vehicles collided with a telephone pole in Phoenix, Arizona, last month, the company said.
Ina Fried / Axios:
Former IBM, Xerox, and DARPA engineer Lynn Conway, who helped shape chip design and was fired from IBM for being transgender in 1968, died on June 9 at age 86  —  - In the 1970s, Conway helped author “Introduction to VLSI Systems,” a seminal book in the field of chip design that became …
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 …
Kyodo News:
Japan passes a law that prohibits Apple and Google from limiting the sale of third-party apps and services that compete with native iOS and Android offerings  —  Japan's parliament enacted Wednesday a law to promote competition in smartphone app stores by restricting tech giants Apple Inc …
Ivan Mehta / TechCrunch:
A list of apps that Apple “Sherlocked” at WWDC 2024, like 1Password and LastPass, call transcription apps like Truecaller, and custom emoji apps like Newji  —  Apple has been on a spree of late, announcing a host of new features for its various devices earlier this week at its Worldwide Developer Conference (WWDC).
Christine Hall / TechCrunch:
Canary Technologies, which offers tools for hotel guest management, raised a $50M Series C led by Insight Partners, bringing its total raised to nearly $100M  —  The hospitality industry is back, baby.  And with it comes a chance for technology startups to not only help hotels streamline their operations …
Andrew Cunningham / Ars Technica:
Apple developer documentation: macOS 15 Sequoia will let virtual machine users sign into iCloud and Apple ID-related services, which was previously not possible  —  It only works for macOS 15 guests on macOS 15 hosts, but it's a big improvement.  —  We've written before about Apple's handy …
Pew Research Center:
A survey of 10,287 US adults on Facebook, Instagram, TikTok, and X: most see news content, but a minority says they are on the platform for news, except for X  —  X remains more of a news destination than other sites, but the vast majority of users on all four are seeing news-related content
Ben Schoon / 9to5Google:
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.
Benjamin Hoffman / New York Times:
Some people are using “slop” to describe low-grade AI material in social media, art, books, and more; the term emerged in reaction to AI art generators in 2022  —  A new term has emerged to describe dubious A.I.-generated material.  —  You may not know exactly what “slop” means in relation to artificial intelligence.

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