Techmeme
May 27, 2024, 2:20 PM
 

May 27, 2024

1:50 PM  •
Stephanie Stacey / Financial Times:  Dating apps are trying to woo Gen Z women by boosting moderation tools and more; Tinder has consistently lost MAUs since 2021 and paid subs fell under 10M in Q1
10:45 AM  •
Axios:  Elon Musk says all of the $6B in xAI's Series B is new money, rather than shares “given” to investors in his Twitter takeover; some investors also backed OpenAI
7:45 AM  •
Rita Liao / TechCrunch:  Data.ai: of the top 20 education apps in the US App Store, five are AI agents that help with school assignments, the two most popular of which are Chinese-owned
4:30 AM  •
Lulu Garcia-Navarro / New York Times:  Q&A with Netflix's Ted Sarandos on the state of Hollywood, shifting US tastes, programming strategy, ads, corporate activism, YouTube, live events, AI, and more
1:41 AM  •
xAI:  xAI raised a $6B Series B from Valor, Vy Capital, a16z, Sequoia, Saudi Arabia's Kingdom Holding, and others, Elon Musk says at a pre-money valuation of $18B

May 26, 2024

11:45 PM  •
Reuters:  China set up a new ~$47.5B state-backed investment fund on May 24 as the third and largest phase of its Big Fund to boost the country's semiconductor industry
7:35 PM  •
Wall Street Journal:  An analysis of ChatGPT, Claude, Copilot, Gemini, and Perplexity's responses to some real-life questions and everyday tasks: Perplexity ranked first overall
4:45 PM  •
Michael Nuñez / VentureBeat:  Researchers find that GPT-4 can outperform human analysts in predicting the direction of future corporate earnings even when given only financial statements
1:15 PM  •
Financial Times:  A look at the UK's $5.5B gaming industry, as private equity firm EQT makes a £2.2B offer for Keyword Studios, and other developers shore up their balance sheets
10:45 AM  •
Mark Gurman / Bloomberg:  A closer look at Apple's AI strategy: Project Greymatter, local and cloud LLM data processing, Siri, sealing a chatbot partnership deal with OpenAI, and more
8:55 AM  •
Louise Matsakis / Big Technology:  How Shein and Temu, which are spending billions on digital ads and offering steep discounts or free products, have become big threats to Amazon in the US
5:25 AM  •
Jason Schreier / Bloomberg:  Four of the top seven best-reviewed games on Metacritic in 2024 so far, not counting remakes, are indies, including Animal Well and Balatro in the top three
2:00 AM  •
TIME:  LLMs aren't sentient; they lack the physiological states required for sensations like hunger and pain, and thus can't have subjective experiences of such states
1:55 AM  •
Nikkei Asia:  IoT Analytics: Nvidia, whose Q1 data center revenue grew 427% YoY to $22.6B, has 90%+ market share for data center GPUs, as Intel and AMD scrap for second place
1:45 AM  •
Anton Shilov / AnandTech:  Japanese chipmaker Rapidus plans to both build and package chips in the same ~$32B fab in Hokkaido, setting the company apart from TSMC, Intel, and Samsung
1:25 AM  •
David Keohane / Financial Times:  SoftBank's outlay for AI investments has more than doubled to $8.9B in the 12 months since Masayoshi Son said the firm was ready to go on the “counteroffensive”

May 25, 2024

11:20 PM  •
Zack Whittaker / TechCrunch:  Filings: US pharmaceutical company Cencora notified ~500K individuals since learning about a data breach in February 2024 that exposed health diagnoses and more
7:25 PM  •
Bloomberg:  China still has a significant amount of illicit crypto activity, highlighting the continuing use of cryptocurrencies despite Beijing's digital asset trading ban
5:01 PM  •
Wes Davis / The Verge:  A US jury finds that Phoenix Digital, which owns the cheat mod site AimJunkies, is guilty of violating Bungie copyrights when it created cheats for Destiny 2
3:20 PM  •
Viola Zhou / Rest of World:  How Threads became a gathering space for young progressives in Taiwan, who now use the app to organize protests against pro-China opposition parties
1:30 PM  •
Christine Mui / Politico:  Congress quietly diverted $3.5B from the US CHIPS Act to Secure Enclave, a classified project Intel proposed to build chips for defense and intelligence needs
11:30 AM  •
Will Knight / Wired:  How SLMs like Microsoft's Phi-3, which can run locally on phones or PCs without major compromises, open up new AI use cases by being more responsive or private
9:45 AM  •
Rest of World:  A test of 11 WhatsApp-based fact-checking “tip lines” during India's elections finds long delays and inconsistencies in responses, even for clearly fake content
6:35 AM  •
Sharon Adarlo / Futurism:  An analysis of GPT-3.5-based ChatGPT's answers to 517 programming questions on Stack Overflow: 52% of answers contain incorrect information, 77% are verbose
2:30 AM  •
Ben Cohen / Wall Street Journal:  Apple Music's “100 Best Albums” list, based on votes from about 250 employees, artists, and industry executives, is eclectic, unpredictable, and controversial
1:15 AM  •
Kevin Breuninger / CNBC:  Similarweb: Truth Social's average number of US monthly visits was just over 4M from May 2023 to April 2024, down 39%+ from the prior 12-month period
12:20 AM  •
Washington Post:  Two lawsuits filed on behalf of the Uvalde shooting victims allege Activision, Meta, and the gunmaker, Daniel Defense, are responsible for “grooming” the gunman

May 24, 2024

11:45 PM  •
Yuvraj Malik / Reuters:  Dell's stock rose 4.3% to close at $160.18 after reaching a record high on May 24 amid a rally in companies working on generative AI; DELL is up 114.17% in 2024
10:00 PM  •
Annie Palmer / CNBC:  A look at the challenges facing AWS' new CEO Matt Garman as the cloud unit battles the perception that it's falling behind Microsoft and Google in AI rollouts
9:10 PM  •
Kylie Robison / The Verge:  Google says it is “taking swift action” to remove AI Overviews on certain queries “where appropriate under our content policies”
7:50 PM  •
Michael Kan / PCMag:  Instant messaging client ICQ will stop working from June 26, recommends users migrate to messaging platforms from parent company VK; ICQ had 100M users in 2001
7:25 PM  •
Todd Spangler / Variety:  Atari buys the Intellivision brand and the rights to 200+ Intellivision Entertainment games, and says the deal “ends the longest running console war in history”
6:40 PM  •
Pete Brown / Columbia Journalism Review:  An overview of existing deals between news publishers and AI companies and the questions they raise regarding long-term costs, the selection process, and more
4:35 PM  •
Peter Kafka / Business Insider:  Google says the vast majority of AI Overviews provide high-quality information and many of the viral examples have been uncommon queries or have been doctored
4:00 PM  •
Josh Scott / BetaKit:  A Delaware federal court overturns a jury's 2022 decision that Shopify owes $40M to Express Mobile for infringing patents related to website-building tools
2:35 PM  •
Mayank Parmar / BleepingComputer:  Microsoft's Bing, Copilot, and Copilot in Windows services are back online worldwide after an outage that began around 3 AM ET on May 23 and lasted 24+ hours
1:55 PM  •
Lawrence Abrams / BleepingComputer:  A look at the privacy and security concerns surrounding Microsoft's Recall, which will record everything users do in Windows for up to three months by default
12:20 PM  •
Mike Butcher / TechCrunch:  Q&A with Signal President Meredith Whittaker on the clash with Elon Musk, Telegram's Pavel Durov, “dorm room high jinks” of OpenAI's “edge lords”, and more
11:35 AM  •
Chance Miller / 9to5Mac:  Apple says that users' deleted photos that resurfaced after installing iOS 17.5 weren't synced to iCloud Photos and could have persisted after restoring backups
10:50 AM  •
Swetha Gopinath / Bloomberg:  Private equity firm Hg agrees to buy AuditBoard, a risk and compliance cloud software provider for large businesses, in a deal valued at $3B+ including debt
10:00 AM  •
Kif Leswing / CNBC:  Nvidia CEO Jensen Huang's 3.5%+ stake in the company grew from ~$3B to $90B+ in five years, as the stock grew 28x, including more than doubling so far in 2024
9:15 AM  •
New York Times:  Ukrainian officials say Russia is deploying more advanced tech to disrupt Starlink, raising questions about its reliability against sophisticated adversaries
8:35 AM  •
Shubham Sharma / VentureBeat:  AI startup Cohere's nonprofit research arm Cohere for AI open sources the weights of Aya 23, a family of multilingual 8B- and 35B-parameter language models
8:10 AM  •
Manish Singh / TechCrunch:  Google invests nearly $350M in Walmart-owned Indian e-commerce startup Flipkart, as part of a nearly $1B round led by Walmart, which invested $600M in late 2023
7:10 AM  •
Andy Greenberg / Wired:  A profile of Lin Rui-siang, a 23-year-old Taiwanese accused by the US DOJ of running a $100M+ dark-web drug market who had an alter ego as a crypto crime expert
5:45 AM  •
Camillus Eboh / Reuters:  A Nigerian court adjourned a money laundering trial against Binance and two of its executives to June 20 due to health issues of one executive, Tigran Gambaryan
4:30 AM  •
Blake Brittain / Reuters:  A Texas federal jury orders Micron to pay $445M to computer memory company Netlist for willfully infringing on two patents related to improving memory modules
12:50 AM  •
Connie Loizos / TechCrunch:  Email: Foursquare lays off 105 employees as the company seeks to “streamline” its operations; source: the layoffs represent about 25% of the company's employees
12:15 AM  •
Fanny Potkin / Reuters:  Sources: Nvidia is selling its China-specific H20 chip at a 10%+ discount to Huawei's Ascend 910B, highlighting Nvidia's challenges in China amid US sanctions
12:05 AM  •
Heather Landi / Fierce Healthcare Industry …:  Atropos Health, whose AI chatbot helps clinicians generate observational studies on real world data rapidly and at scale, raised a $33M Series B led by Valtruis

May 23, 2024

11:30 PM  •
David Pierce / The Verge:  A look at Daylight Computer's DC1, a 10.5-inch, $729 tablet that feels like a Kindle-iPad hybrid and runs on SolOS, a custom Android-based OS for “deep focus”
10:30 PM  •
Bloomberg:  Sources: Alibaba raised $4.5B from a convertible bond sale in one of the largest such offerings in recent years, after rival JD.com's recent $1.75B offering
10:00 PM  •
Reuters:  Sources: Samsung's HBM3 and HBM3E chips have yet to pass Nvidia's tests for use in the US company's AI processors due to heat and power consumption problems
9:15 PM  •
Associated Press:  The White House issues a call to action seeking companies' voluntary commitment to curb the creation, spread, and monetization of nonconsensual sexual AI images
8:50 PM  •
Bloomberg:  OpenAI releases a majority of past employees from nondisparagement agreements tied to their exit contracts, and says it won't seek to cancel their vested equity
7:45 PM  •
Kalley Huang / The Information:  Sources: Meta is considering charging users for a more advanced version of Meta AI and is developing AI agents that can complete tasks without human supervision
7:35 PM  •
Reuters:  The US SEC approves applications from Nasdaq, Cboe, and the NYSE to list spot ether ETFs, potentially paving the way for them to begin trading later in 2024
6:45 PM  •
Mishaal Rahman / Android Authority:  Google increases the Play Store's app price limit to $999.99 or the local equivalent, a 150% jump from the previous price limit of $400 set in October 2015
5:20 PM  •
The Block:  SEC approves 8 Ethereum ETFs including BlackRock and Fidelity
3:50 PM  •
Chris Welch / The Verge:  Spotify tells customers that its Car Thing dashboard accessory will stop working on December 9, less than a year after it went on sale, without offering refunds
3:25 PM  •
Jyoti Mann / Business Insider:  Screenshots of Google's AI Overview giving bizarre answers go viral, including telling users to add “1/8 cup of non-toxic glue” to make cheese stick to a pizza
3:10 PM  •
Lucas Shaw / Bloomberg:  Sources: Alphabet, Meta, and OpenAI have talked to Hollywood studios about licensing content for AI video generation tools; Disney and Netflix aren't interested
2:45 PM  •
Financial Times:  Sources: a16z, Sequoia Capital, and Tribe Capital commit to joining xAI's new funding round, in which the company seeks to raise ~$6B at an $18B valuation
2:20 PM  •
Forbes:  Sources: Helsing, which provides AI tools to militaries, is raising a $400M+ Series C led by General Catalyst at a ~$4B valuation, after raising $200M+ in 2023
1:45 PM  •
Natasha Lomas / TechCrunch:  A bill strengthening the UK Competition and Markets Authority to regulate tech giants like Apple and Google heads toward approval before the UK's July election
12:35 PM  •
Reed Abelson / New York Times:  Systems at US hospital operator Ascension, which has ~140 hospitals, remain down indefinitely after a May 8 cyberattack, in a hack similar to Change Healthcare
12:15 PM  •
Tom Warren / The Verge:  An interview with Microsoft Windows and Devices head Pavan Davuluri on his vision, Copilot AI, Windows Copilot Runtime, streaming Windows to devices, and more
11:20 AM  •
Jason Koebler / 404 Media:  Leaked contract: Samsung requires independent repair shops to notify Samsung, share customer data, and “immediately disassemble” devices with aftermarket parts
11:10 AM  •
Sean Hollister / The Verge:  iFixit and Samsung end their repair partnership after two years; iFixit CEO Kyle Wiens says that “Samsung does not seem interested in enabling repair at scale”
10:55 AM  •
Ryan Christoffel / 9to5Mac:  Kuo: Apple is targeting a full-screen foldable MacBook launch in 2026 and considering a 20.25" or a 18.8" panel, with an M5 chip and Vision Pro-level price
10:45 AM  •
CNBC:  US DOJ and state AGs sue to break up Ticketmaster parent Live Nation over alleged antitrust violations, following a DOJ probe and Taylor Swift fan complaints
9:55 AM  •
Kyle Wiggers / TechCrunch:  Lumos, which helps companies manage employees' identities and access to apps and systems, raised a $35M Series B led by Scale, taking its total funding to $65M+
8:55 AM  •
Sapna Maheshwari / New York Times:  TikTok limits the spread of videos from state-affiliated media outside their home countries and disrupted 15 influence operations in 2024, including from China
8:20 AM  •
Paul Sawers / TechCrunch:  Google details Umoja, the first fiber optic cable that would connect Africa and Australia, starting in Kenya and running via the DRC and others to South Africa
8:05 AM  •
Jeremy Gan / Dexerto:  Linus Tech Tips, accused in August 2023 of theft, ethical lapses, and sexual harassment, says an outside investigation found the claims were “largely unfounded”
7:55 AM  •
Martin Zugec / Bitdefender Blog:  A look at China-aligned hacking group Unfading Sea Haze, which has targeted government and military organizations in South China Sea countries since 2018
7:35 AM  •
Greg Bensinger / Reuters:  Amazon investors vote to reject all 14 resolutions that asked to disclose more on its carbon emissions and directors' donations, form an AI committee, and more
7:10 AM  •
Maxwell Zeff / Gizmodo:  X Director of Engineering Haofei Wang says “we are making likes private” in an update happening “soon”, as “public likes are incentivizing the wrong behavior”
6:55 AM  •
Ben Thompson / Stratechery:  Q&A with Microsoft CEO Satya Nadella and CTO Kevin Scott on Copilot+ PCs, delivering a consistent experience, OpenAI, integration vs. modularization, and more
6:35 AM  •
Rachel Graf / Bloomberg:  UK tech tycoon Mike Lynch is set to take the stand in his own defense against charges of duping HP, a rare and bold decision; Lynch also took the stand in 2019
6:20 AM  •
Bloomberg:  Xiaomi reports Q1 revenue up 27% YoY to ~$10.4B, above ~$10.3B est., net profit down 1% YoY to ~$588M, above ~$572M est., and smartphone shipments up 34% YoY
6:10 AM  •
James Batchelor / GamesIndustry.biz:  Embracer reports FY2023-24 net sales up 12% YoY to ~$3.9B, PC/Console up 7% YoY to ~$1.3B, and Mobile up 2% YoY to $551M; its CFO and deputy CEO steps down
5:55 AM  •
Asa Fitch / Wall Street Journal:  As Nvidia's business booms, a look at some potential issues: rivals and key customers releasing their own AI chips, startups struggling to monetize AI, and more
5:40 AM  •
Mayank Parmar / BleepingComputer:  Users reported a massive Microsoft outage that impacted Bing, Copilot on the web and mobile, Copilot in Windows, ChatGPT's internet search, DuckDuckGo, and more
5:30 AM  •
Counterpoint Research:  Global foundry revenue rose 12% YoY but fell 5% QoQ in Q1 2024; TSMC had a market share of 62%, Samsung 13%, SMIC 6%, UMC 6%, and GlobalFoundries 5%
4:50 AM  •
Daniel Kuhn / CoinDesk:  Q&A with Taiwan's ex-Digital Minister Audrey Tang on Plurality, a book on collaboration-enhancing tech she wrote with Microsoft's internal economist Glen Weyl
4:10 AM  •
Aaron Levie / @levie:  Box CEO on how generative AI can turn the mostly unstructured data inside enterprises into valuable knowledge, enabling greater automation of workflows and more
2:35 AM  •
Financial Times:  Meta's Yann LeCun says LLMs won't reach human intelligence and instead FAIR is working on a “world modeling” vision, to create AI that can develop common sense
2:15 AM  •
Stephen Nellis / Reuters:  In an interview, Brad Smith says Microsoft's deal with UAE-based AI firm G42 could eventually involve the transfer of key US chips and AI technology abroad
2:05 AM  •
Bloomberg:  How social e-commerce app Xiaohongshu has defied China's tech sector crackdown and boomed through a combination of influencers, AI, and soft marketing tactics
1:35 AM  •
Financial Times:  A profile of Sachin Dev Duggal, the CEO of Builder.ai, which offers low-code tools and has raised ~$450M, as sources describe staff retention problems and more
1:10 AM  •
Josh Ye / Reuters:  Lenovo reports Q4 revenue up 9% YoY to $13.8B, vs. $13B est., second straight quarter of revenue growth, and net profit up 118% YoY to $248M, vs. $162M est.
12:55 AM  •
Sarah Zheng / Bloomberg:  US-listed PDD, which runs Temu and Pinduoduo, reports Q1 revenue up 131% YoY to ~$12B and operating profit up 275% YoY to ~$3.6B, as global expansion gains pace
12:25 AM  •
Reuters:  South Korea announces a ~$19B support package for its domestic chip industry, aiming to help boost its global market share in non-memory chips from 2% to 10%
12:15 AM  •
Sara Fischer / Axios:  U.S. government plans to sue Ticketmaster parent Live Nation for antitrust

May 22, 2024

11:25 PM  •
Brian Heater / TechCrunch:  LA-based Aerodome, which uses autonomous drones to help first responders get a view of problems like crimes and fires, raised a $21.5M Series A led by CRV
10:55 PM  •
Inci Ozbek / Bloomberg:  Istanbul-based Colendi, which provides digital banking services, raised a $65M Series B at a $700M valuation from Citi Ventures and others
9:55 PM  •
Mike Butcher / TechCrunch:  Praktika, which lets users create personalized AI-powered avatars to make learning a language feel more natural, raised a $35.5M Series A led by Blossom Capital
9:40 PM  •
Emilia David / The Verge:  Truecaller partners with Microsoft's Azure AI Speech to let its AI Assistant users create an AI version of their voice based on a recorded clip to answer calls
9:15 PM  •
Sarah Perez / TechCrunch:  Google Pay now lets users see their card benefits and perks before selecting a card, use BNPL on more sites, and fill in card details using biometrics or a PIN
8:40 PM  •
Nitasha Tiku / Washington Post:  Docs and sources: OpenAI didn't use Scarlett Johansson's voice for ChatGPT's Sky and hired another actress in June, months before Sam Altman contacted Johansson
8:15 PM  •
Alex Seitz-Wald / NBC News:  New Hampshire indicts Steve Kramer, the political consultant who admitted to commissioning the deepfake robocall of Biden, on five counts, including bribery
7:50 PM  •
Kelsey Piper / Vox:  Leaked OpenAI documents show aggressive tactics toward ex-staff, and contradict leadership's comments on being unaware of a provision about equity cancellation
6:30 PM  •
Kyle Wiggers / TechCrunch:  Portland-based Hydrolix, a data lake service that offers a repository for log data, raised a $35M Series B led by S3 Ventures, bringing its total raised to $68M
6:00 PM  •
André Beganski / Decrypt:  The US House passes the Financial Innovation and Technology for the 21st Century Act, or FIT21, which would create a regulatory framework for digital assets
5:00 PM  •
Emma Roth / The Verge:  Bluesky now lets users send DMs and says the service is working on adding support for messages with images and end-to-end encryption
4:45 PM  •
Brody Ford / Bloomberg:  Snowflake reports Q1 revenue up 33% YoY to $828.7M, product revenue up 34% YoY to $789.6M, vs. $749M est., and projects Q2 product revenue above estimates
4:32 PM  •
Kif Leswing / CNBC:  Nvidia reports Q1 revenue up 262% YoY to $26.04B, vs. $24.65B est., forecasts Q2 revenue above est., and plans a 10:1 stock split on June 7; NVDA jumps 5%+
4:30 PM  •
Wall Street Journal:  News Corp and OpenAI announce a multiyear agreement to bring News Corp's news content to OpenAI; sources say the deal could be worth $250M+ over five years
4:00 PM  •
David Shepardson / Reuters:  US FCC Chairwoman Jessica Rosenworcel proposes requiring the disclosure of content generated by AI in political ads on radio and TV, citing the use of deepfakes
3:45 PM  •
The Information:  Sources: AI chip startup Groq has told investors of its goal to raise ~$300M by the end of May; Groq previously raised more than $367M at a $1B+ valuation
3:30 PM  •
Austin Weinstein / Bloomberg:  Intercontinental Exchange, which owns the NYSE, agreed to pay $10M to settle SEC allegations over failing to immediately tell the agency about a hack in 2021
2:30 PM  •
Dominic-Madori Davis / TechCrunch:  Techstars CEO Maëlle Gavet says she is leaving at the end of May for health reasons; Techstars co-founder and board chairman David Cohen will become the new CEO

Sponsor Posts

Tribe AI:
Build AI products that matter  —  Tribe AI helps organizations rapidly deploy AI solutions that have real business impact.  We bring together world class AI talent and tooling to drive differentiated results.
Prospect:
A running list of the best startups to join  —  We've analyzed thousands of startups using the same data VCs use and distilled our list down to the top 2%.  Discover and join the next Stripe, Airbnb, or Coinbase today.
Zoho:
Automate mundane and repetitive tasks with Zoho Forms - Part 3  —  HR professionals, this one is for you!  Your inbox is overflowing with leave requests, performance reviews loom on the horizon, and a new batch of excited faces needs onboarding.
Techmeme Leaderboards:
Discover the top reporters on AI, VR, policy, and much more  —  We've analyzed Techmeme's news crawl to identify the most influential and prolific writers on 48 news topics.  Download reports immediately for just $100.