| Bloomberg: |
Sources: Microsoft plans to announce thousands of job cuts, particularly in sales, early next month after the end of its fiscal year — The cuts are expected to be announced early next month, following the end of Microsoft's fiscal year, according to people familiar with the matter.| Bloomberg: |
Texas Instruments plans to spend $60B+ on US semiconductor plants, including two new factories in Texas, and says its long-term spending plan remains unchanged — The company said its long-term capital spending plan remains unchanged. The total includes amounts allotted to plants … | MacKenzie Sigalos / CNBC: |
The DOJ announces the seizure of $225.3M in crypto linked to “pig butchering” scams, marking “the largest cryptocurrency seizure in US Secret Service history” — The Justice Department announced Wednesday the largest-ever U.S. seizure of cryptocurrency linked to so-called … | Zack Whittaker / TechCrunch: |
Iran's largest crypto exchange Nobitex says it was hacked, and pro-Israel group Predatory Sparrow claims responsibility; Elliptic: $90M+ was stolen and “burned” — Iran's largest crypto exchange, Nobitex, said Wednesday that it was hacked and funds have been drained from its hot wallet.| Matt Kapko / CyberScoop: |
| Financial Times: |
Sources: Microsoft is prepared to walk away from high-stakes talks with OpenAI if they cannot agree on critical issues, such as the size of Microsoft's stake — ChatGPT maker's plans to convert into a for-profit leads software giant to make contingency plans| Alex Weprin / The Hollywood Reporter: |
At Cannes, YouTube CEO Neal Mohan says YouTube will integrate Veo 3 into Shorts later this summer and that AI tech “will push the limits of human creativity” — The Veo 3 video generator is capable of creating both videos and sound based on text prompts, with YouTube CEO Neal Mohan saying the … | Kayla Cobb / The Wrap: |
| Carl Franzen / VentureBeat: |
Midjourney launches V1, its first AI video generation model, letting subscribers animate images via its website; video jobs will cost ~8x more than image jobs — Popular AI image generation service Midjourney has launched its first AI video generation model V1, marking a pivotal shift … | Emma Roth / The Verge: |
Meta is adding support for passkeys on Facebook's iOS and Android apps “soon”, and will begin rolling out passkeys to Messenger “in the coming months” — Using your device security instead of a password makes it harder to get tricked into giving up your Facebook account.| Gian Volpicelli / Bloomberg: |
The European Commission accuses Chinese marketplace AliExpress of failing to tackle the spread of illegal products on its platform, in preliminary DSA findings — The EU's executive arm on Wednesday unveiled a list of grievances against China-owned AliExpress, which had been under investigation … | Andrew J. Hawkins / The Verge: |
Waymo applied for a NYC permit to test its cars with safety drivers and plans to start collecting mapping data with manually driven cars in Manhattan in July — The company wants to change state law so it can operate vehicles without safety drivers. That will be a challenge.| Aisha Malik / TechCrunch: |
Google rolls out the ability to have back-and-forth voice conversations with AI Mode, available in the Google app by tapping the Live button — Google is rolling out the ability for users to have a back-and-forth voice conversation with AI Mode, its experimental Search feature that lets users ask complex, multi-part questions.| Washington Post: |
The US State Department restarts student visa interviews and requires all applicants to make their social media accounts public for vetting by US embassies — The new requirements could affect hundreds of thousands of visa applications each year, raising concerns about staffing requirements.| Financial Times: |
Netflix signs a landmark deal with France's TF1 to show linear TV for the first time; TF1 will broadcast all five of its channels, showing live sports and more — Deal will be closely watched by broadcasters, who are losing millions of viewers to streaming giants — Daniel Thomas and Hannah Murphy in Cannes| Ryan Browne / CNBC: |
Klarna launches a $40/month unlimited mobile plan in the US via a partnership with telecom services startup Gigs, following similar offerings by Revolut and N26 — Klarna's CEO is so bullish about artificial intelligence that he sees it changing the way the fintech's 100 million users bank every day.| The Information: |
Source: Meta is in advanced talks to hire Nat Friedman and Daniel Gross to work on its AI efforts and possibly buy out part of their venture capital fund NFDG — Meta Platforms is in advanced talks to hire the prominent artificial intelligence investors Nat Friedman and Daniel Gross … | Financial Times: |
Sources: lobbyists for Amazon, Google, Microsoft, and Meta back a campaign for a 10-year US state AI regulation ban, a move dividing the AI industry and the GOP — Call by Amazon, Google and Microsoft lobbyists for a ‘moratorium’ has split industry and the Republican party| Hayden Field / The Verge: |
| Hayden Field / The Verge: |
The Midas Project and The Tech Oversight Project release The OpenAI Files, a 50+ page analysis of OpenAI's governance, leadership, and organizational culture — It has charts and data visualizations, including the authors' best guess at OpenAI's corporate structure.| Sophie Shulman / CTech: |
Wix acquires Base44, which lets users build apps from text prompts, for $80M; Base44 was founded by a solo entrepreneur six months ago and employs six people — 31-year-old Maor Shlomo built the viral AI app-maker as a side project that began last year during a post-reserve trip.| Vanessa Hand Orellana / CNET: |
An interview with Samsung SVP Dr. Hon Pak on the Galaxy Watch getting a first-ever blood analysis feature, AI health tools, and a potential monthly subscription — With a first-ever blood analysis feature and four new AI-powered health tools, the Galaxy Watch is shaping up to be a smarter ally … | Ian King / Bloomberg: |
Intel names new engineering leadership, appointing Srinivasan Iyengar, Jean-Didier Allegrucci, and Shailendra Desai, as part of CEO Lip-Bu Tan's turnaround plan — Get the Tech In Depth newsletter. — Analysis and scoops about the business of technology from Bloomberg's journalists around the world.| Kristina Partsinevelos / CNBC: |
AWS says Anthropic's Claude Opus 4 launched on its Trainium2 GPUs, and Project Rainier, AWS' supercomputer built for Anthropic, uses 500K+ Trainium2 chips — Amazon Web Services is set to announce an update to its Graviton4 chip that includes 600 gigabits per second of network bandwidth … | Maxwell Zeff / TechCrunch: |
OpenAI details why “emergent misalignment”, where training on wrong answers in one area can lead to misalignment in others, happens and how it can be mitigated — OpenAI researchers say they've discovered hidden features inside AI models that correspond to misaligned “personas … | Lisa Stiffler / GeekWire: |
TerraPower, which develops small modular nuclear reactors, raised $650M from investors including Nvidia's NVentures and TerraPower co-founder Bill Gates — Sustainability: News about the rapidly growing climate tech sector and other areas of innovation to protect our planet.
Introducing Microsoft-Decision-1, our model for fast decision-making — Our new model delivers top performance in latency and quality on structured decision tasks to outperform other models.
The best sales leaders aren't job hunting. Here's how to reach them without months of cold outreach. — Our team came from Box, Square, and Brex, so we already know the GTM leaders worth meeting.
Zoho Books now supports CT600 & Final Accounts Filing as an add-on in the FREE plan — Managing end-of-year filing for limited companies in the UK is often expensive and multi-layered.
Protecting your Cloud Applications Data — Backing up Office 365, Google Workspace, Dropbox & Salesforce data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.
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| Wall Street Journal: |