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April 24, 2024, 2:35 AM
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Wall Street Journal:
The FTC bans noncompete clauses that restrict job switching, the first time in 50+ years that the FTC has issued a regulation mandating an economy-wide change  —  Move sets up high-stakes legal clash with business groups over the agency's power  —  WASHINGTON—The Federal Trade Commission …
Lauren Feiner / The Verge:
The US Senate passes the TikTok divestment bill by a margin of 79-18; the legislation now heads to President Biden, who has committed to sign it into law  —  A bill that would force China-based company Bytedance to sell TikTok — or else face a US ban of the platform …
Casey Newton / Platformer:
Legal scholars discuss how the TikTok divestment bill could survive a First Amendment challenge and why the US will likely rely on a national security argument  —  The First Amendment is a major obstacle, scholars say — but it isn't insurmountable  —  On Tuesday, the Senate voted overwhelmingly …
Victoria Song / The Verge:
Meta rolls out multimodal AI in early access for the Ray-Ban Meta Smart Glasses, mainly to help identify objects, translate signs, and write Instagram captions  —  When the Ray-Ban Meta Smart Glasses launched last fall, they were a pretty neat content capture tool and a surprisingly solid pair of headphones.
Victoria Song / The Verge:
Meta's Ray-Ban Smart Glasses get support for video calling via WhatsApp and Messenger, hands-free Apple Music controls, and a new frame style  —  Meta just announced a slew of new updates for its Ray-Ban Meta Smart Glasses.  CEO Mark Zuckerberg just dropped an Instagram reel showing off …
Ming-Chi Kuo:
Sources: Apple cut 2024 Vision Pro shipments to 400K-450K units, vs. a 700K+ market consensus, and US demand has “fallen sharply beyond expectations”  —  My latest survey is as follows:  — Apple has cut its 2024 Vision Pro shipments to 400-450k units (vs. market consensus of 700-800k units or more).
Jacob Ridley / PC Gamer:
The European Parliament adopts right-to-repair rules clarifying manufacturer obligations to provide repair services, consumer access to spare parts, and more  —  The new rules will give customers new ways to claim support for a product throughout its lifetime, and also aid independent repair shops.
Andrew J. Hawkins / The Verge:
Tesla teases a ridehailing function in its app and says its robotaxi will be “purpose-built”, suggesting it will be built from the ground up to be self-driving  —  The company's CEO, Elon Musk, has said that Tesla will unveil a long-gestating robotaxi in August.
Nami Matsuura / Nikkei Asia:
Samsung starts mass production of its 9th-generation 286-layer 3D NAND memory chips, which increases data I/O speeds by 33% compared to 8th-gen 236-layer chips  —  286-layer product boosts data storage capacity by 50%, aiding AI  —  SEOUL — Samsung Electronics said Tuesday …
MacKenzie Sigalos / CNBC:
Block says it has finished the development of its own 3nm bitcoin mining chip and is working through the design with a “leading global semiconductor foundry”  —  Jack Dorsey says that his payments company, Block (formerly Square), is expanding its bitcoin mining ambitions …
Seb Joseph / Digiday:
For the third time, Google delays the deprecation of third-party cookies in Chrome, pushing back its plans to early 2025 amid regulatory scrutiny  —  Google is delaying the end of third-party cookies in its Chrome browser — again.  In other unsurprising developments, water remains wet.
Wall Street Journal:
Sources: IBM is nearing an acquisition of HashiCorp, which helps companies manage cloud infrastructure, in the coming days; HashiCorp's stock jumps 22%+  —  .  —  The details  —  A deal for HashiCorp could come together in the coming days, according to people familiar with the matter.
Sarah McBride / Bloomberg:
Xaira Therapeutics, which aims to use AI models to find new drugs to treat diseases, emerged from stealth with $1B in commitments from Sequoia and others  —  - Marc Tessier-Lavigne resigned from Stanford after controversy  — New startup has backing from high-wattage tech investors
Quentyn Kennemer / The Verge:
Apple schedules a “special Apple Event” for May 7 at 10am ET, where new iPads are expected; rumors suggest the iPad Pro will get an OLED display and an M3 chip  —  After kicking off 2024 with the launch of the Vision Pro, the next act in Apple's 2024 script is a May product launch event.
Viola Zhou / Rest of World:
Interviews with 20+ current and former TSMC staff at its Arizona plant finds struggles over bridging Taiwanese and US norms, rigid hierarchies, and other issues  —  Missed deadlines and tension among Taiwanese and American coworkers are plaguing the chip giant's Phoenix expansion.
Marina Temkin / TechCrunch:
NY-based Campus, which is building an online alternative to traditional community colleges, raised a $23M Series A extension following a $29M Series A in 2023  —  Although many students in the United States enter community colleges intending to transfer to four-year universities …
Edward Zitron / Ed Zitron's Where's Your Ed At:
Emails released as part of US v. Google show how Google's finance and ad teams led by Prabhakar Raghavan made Search worse to make the company more money  —  This is the story of how Google Search died, and the people responsible for killing it.  —  The story begins on February 5th 2019 …
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Paul Sawers / TechCrunch:NEW
Paris-based FlexAI, which is developing an on-demand cloud service for AI training, emerges from stealth with a $30M in seed funding  —  Nvidia, Apple, Tesla and Intel are on CEO Brijesh Tripathi's resume  —  A French startup has raised a hefty seed investment to “rearchitect compute infrastructure” …
More: Sifted
Emilia David / The Verge:
Microsoft debuts Phi-3 Mini, a small 3.8B-parameter model about as capable as GPT-3.5, and plans Phi-3 Small and Phi-3 Medium models with 7B and 14B parameters  —  Microsoft launched the next version of its lightweight AI model Phi-3 Mini, the first of three small models the company plans to release.
Ingrid Lunden / TechCrunch:
Sources: AI search engine Perplexity is raising $250M+ at a $2.5B to $3B valuation; previous backers NEA and IVP are among those looking to invest  —  Perplexity, the AI search engine startup, is a hot property at the moment.  TechCrunch has learned that the company is currently raising …
Shirin Ghaffary / Bloomberg:
Perplexity AI, which offers an AI chatbot that summarizes search results, raised ~$63M led by Daniel Gross at a $1B+ valuation, up from $520M in January 2024

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Newest

Mary Jo Foley / Directions on Microsoft:
Microsoft must take security seriously again by being transparent about breaches and no longer charging its subscribers extra for must-have security featuresFind
New
Paul Sawers / TechCrunch:
Paris-based FlexAI, which is developing an on-demand cloud service for AI training, emerges from stealth with a $30M in seed fundingFind
5 minutes ago
Filipe Pacheco / Bloomberg:
Mobvoi, a Google-backed Chinese smartwatch and AI company, fell as much as 22% in the first day of trading, after raising $41M in its Hong Kong IPOFind
10 minutes ago
Edward Zitron / Ed Zitron's Where's Your Ed At:
Emails released as part of US v. Google show how Google's finance and ad teams led by Prabhakar Raghavan made Search worse to make the company more moneyFind
25 minutes ago
Bloomberg:
China approves US listing of self-driving startup Pony.ai, which plans to sell up to 98M shares and list on Nasdaq or NYSE, signaling an ease on the crackdownFind
34 minutes ago
Reuters:
Huawei unveils Qiankun, a new business unit focused on providing self-driving systems, marking the company's latest push to become a major EV industry playerFind
75 minutes ago
Bloomberg:
SenseTime's stock rises 30%+ after the company unveiled the latest version of its SenseNova AI model; SenseTime's stock is down 80%+ since its 2021 HK IPOFind
2 hours ago
Full Time-Sorted List

From Mediagazer

Amy Graff / SFGATE:
KQED, a Bay Area NPR and PBS affiliate, is initiating buyouts, and may have layoffs or a hiring freeze; in 2023, revenue hit $90.4M and expenses $100.9M

Elle Griffin / The Elysian:
Penguin vs. DOJ transcripts: top publishing houses spend most of their money on book advances for big celebrities like Britney Spears and franchise authors

Alex Weprin / Hollywood Reporter:
NYT's David Marchese and Lulu Garcia-Navarro discuss The Interview, a new franchise launching on April 27 that will appear in the Magazine and in podcast form

More News

Earlier Picks

Ashley Capoot / CNBC:
Larry Ellison says Oracle is moving its world headquarters from Austin to Nashville to be closer to a major healthcare epicenter
Forbes:
Taser company Axon launches an AI tool that turns body cam audio into police reports to save time; critics worry it will introduce errors into crucial evidence
Kali Hays / Business Insider:
Apptopia: Threads is now consistently surpassing X in US DAUs, up to ~28M in April, after it first began eclipsing X in Dec. 2023, but X still has more US MAUs
Deepa Seetharaman / Wall Street Journal:
Meta, Google, OpenAI, and other AI companies and organizations sign on to an initiative committing to guard against the creation and spread of AI-generated CSAM
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