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May 8, 2024, 11:35 PM
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Jason Schreier / Bloomberg:
Sources: Microsoft plans more cuts after closing several game studios, as the massive Activision acquisition has ramped up scrutiny on the Xbox division  —  Xbox is offering voluntary severance agreements to producers, quality assurance testers and other staff at ZeniMax as part of a broader cost-cutting initiative
Dallin Grimm / Tom's Hardware:
Some Stack Overflow users say their account was suspended after they attempted to alter their posts in protest of its OpenAI partnership to supply data for AI  —  Stack Overflow is overflowing with salt.  —  Stack Overflow, a legendary internet forum for programmers and developers …
Mark Gurman / Bloomberg:
A look at potential successors to Tim Cook; sources say Apple's hardware engineering chief John Ternus is the most likely long-term successor  —  John Ternus, the head of hardware engineering, is emerging as a potential successor to the CEO.  —  Tim Cook has transformed Apple Inc. since taking …
Michael Peel / Financial Times:
Google DeepMind and Isomorphic Labs detail AlphaFold 3, an AI model to predict interactions and structures of proteins, DNA, RNA, more, beating many top methods  —  AlphaFold 3 aims to reveal biological secrets and boost drug search efforts  —  Google DeepMind has unveiled …
Carl Franzen / VentureBeat:
OpenAI publishes Model Spec, which specifies how its models should behave, including objectives, rules, and default behaviors, and asks the public for feedback  —  OpenAI isn't done trying to live up to the “open” in its name.  —  While not making any of its new models open source …
Jesse Pound / CNBC:
Robinhood reports Q1 revenue up 40% YoY to $618M, vs. $549M est., crypto transaction revenue up 232% to $126M, net income of $157M, vs. a net loss of $511M YoY  —  Shares of Robinhood rose in extended trading Wednesday afternoon after the retail brokerage announced stronger-than-expected first-quarter results.
Pratik Jain / Reuters:
US hospital operator Ascension reports disruptions to its clinical operations due to a suspected cybersecurity incident and engages Mandiant to help investigate  —  Hospital operator Ascension reported disruptions to its clinical operations on Wednesday due to a suspected cybersecurity incident …
Lorenzo Franceschi-Bicchierai / TechCrunch:
UK and US authorities identify and charge the leader of the LockBit ransomware gang, a 31-year-old Russian national; the US also issued sanctions against him
Ashley Capoot / CNBC:
Airbnb reports Q1 revenue up 18% YoY to $2.14B, vs. $2.06B est., Nights and Experiences Booked up 9.5%, and Q2 guidance below est.; ABNB drops 8%+ after hours  —  In this photo illustration, the Airbnb logo is displayed on a computer monitor and cell phone on February 13, 2024 in Los Angeles, California.
BBC:
Ofcom proposes new rules requiring tech companies to change their algorithms to hide “toxic” material from children, have more robust age checks, and more  —  Ofcom has warned social media sites they could be named and shamed - and banned for under-18s - if they fail to comply with new online safety rules.
Reuters:
Arm reports Q4 revenue up 47% YoY to $928M, vs. $875.6M est., royalty revenue up 37%, and forecasts FY 2025 revenue below est.; ARM drops 9%+ after hours  —  Chip designer Arm Holdings (O9Ty.F), gave a fiscal first-quarter revenue forecast on Wednesday that beat Wall Street's expectations …
William Gallagher / AppleInsider:
Apple's iPad Pro ad “Crush”, which shows paints, toys, guitars, sculptures, and more being crushed to reveal the thin device, draws criticism on social media  —  The minute-long Apple ad showing art equipment and materials being crushed down into the new iPad Pro is being called heartbreaking, wanton, and creepy.
More: Apple on YouTube, Axios, Wall Street Journal, The Verge, NBC News, The Hollywood Reporter, New York Times, CNN, SFGATE, The Atlantic, Fast Company, Deadline, HEY, MacRumors, Variety, Agence France-Presse, The Wrap, Bloomberg, iMore, The Register, MobileSyrup, The Independent, Mind Matters, Philip Elmer‑DeWitt, The Information, Washington Post, SWAMY WORLD, Business Insider, Cult of Mac Today, The Daily Dot, UPROXX, Mashable, NME, 80 Level, Patently Apple, Vulture, TechCrunch, Inc.com, PCMag, Kotaku, Ad Age, The Drum, iClarified, and The Verge
Threads: @craigmod, @anildash, @gwhitta, @tomwarrenuk, and @joelt999
Mastodon: @yiningkarlli@mastodon …, @virtualbri@mastodon.online, and @Richard_Littler …
X: @hackedoffhugh, @benmullin, @kepano, @neilcybart, @michaelmiraflor, @counternotions, @dhh, @markgurman, @rezawrecktion, @alexroy144, @jamiesont, @oliversegovia, @adamsinger, @jacquesgreene, @mr_james_c, @locust9, @zemotion, @ositanwanevu, @asifkapadia, @tomfgoodwin, @sarahbadr, @jamesrbuk, @bcmerchant, @reedmorano, @sarahkendzior, @matthewstoller, @danielpriestley, @byyourlogic, @justinebateman, @stevesi, @dollydeighton, @greg_jenner, @timsweeneyepic, @sdw, @byronyork, @nick_kapur, @thestalwart, @joecarlsonshow, @ed_solomon, @morgothsreview, @harikunzru, @mikerugnetta, @lulumeservey, @anylaurie16, @angelicaoung, @patrickdeneen, @neilcybart, @mer__edith, @mgsiegler, @zemotion, @cheo_coker, @postoctobrist, @dream_arkanum, @david_rudnick, @hkesvani, @teroterotero, @mikeisaac, @katiepavlich, @jamesrbuk, @teroterotero, @reedalbergotti, @lmlauramarsh, @fchollet, @melmitchell1, @pmddomingos, @alexludoboyd, @maxwinebach, @isaiah_bb, @swiftonsecurity, @carnage4life, @jamesmelville, @robertwrighter, @dark1x, @alicelowe, @lmatsakis, @tomandlorenzo, @micsolana, @jysexton, @justinebateman, @emollick, @loudmouthjulia, @bennjordan, @thestalwart, @antoniogm, @fchollet, @bcmerchant, @theadamsass, @schillingc, and @bengeskin.  LinkedIn: Emil Protalinski
Forums: Hacker News, r/apple, and MacRumors Forums
Maggie Harrison / Futurism:
An investigation into AdVon, the company behind Sports Illustrated's fake writers, finds its AI content and fake authors at the LA Times, Miami Herald, and more  —  Remember that AI company behind Sports Illustrated's fake writers?  We did some digging — and it's got tendrils into other surprisingly prominent publications.
Tom Dotan / Wall Street Journal:
Microsoft plans to invest $3.3B to build a data center in Mount Pleasant, Wisconsin, and train locals, alongside investing in a University of Wisconsin AI lab  —  Company has been on a global spending spree, trying to build infrastructure and goodwill for artificial intelligence
Reuters:
Sources: US prosecutors are examining if Tesla committed securities or wire fraud by misleading investors and consumers about Autopilot and Full Self-Driving  —  U.S. prosecutors are examining whether Tesla (TSLA.O) committed securities or wire fraud by misleading investors and consumers …
Dade Hayes / Deadline:
Disney and WBD announce a streaming bundle of Disney+, Hulu, and Max, with ad-supported and ad-free plans, beginning this summer in the US, with pricing to come  —  Disney and Warner Bros. Discovery are breaking ground in streaming with a bundled offering featuring Disney+, Hulu and Max in a single package.
Spencer Soper / Bloomberg:
Shopify reports Q1 revenue up 23% YoY to $1.9B, GMV up 23% to $60.9B, expects increased operating expenses and lower profit margins in Q2; SHOP closes down 18%+  —  - Gross margins in current quarter are expected to narrow  — President: ‘This is how you achieve long-term durable growth’
James Thomason / VentureBeat:
RunPod, which offers a globally distributed GPU cloud platform for developing and deploying AI, raised a $20M seed co-led by Intel Capital and Dell Technologies  —  RunPod's platform attracts over 100,000 developers with focus on iteration speed and ease of use
Natalie Lung / Bloomberg:
Uber reports Q1 revenue up 15% YoY to $10.1B, gross bookings up 20% YoY to $37.7B, below $38B est., adjusted EBITDA up 82% YoY to $1.4B; UBER closes down 5.72%  —  - Bookings growth still tops 20% on rides, order frequency gains  — Operating profit falls on anticipated legal fees, settlements
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Jennifer Pattison Tuohy / The Verge:
The Connectivity Standards Alliance releases Matter 1.3, adding support for more appliances, energy and water management, and new casting protocol features  —  The latest Matter spec brings a number of improvements to the smart home standard founded by Apple, Google, Amazon, and Samsung.

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Newest

James Thomason / VentureBeat:
RunPod, which offers a globally distributed GPU cloud platform for developing and deploying AI, raised a $20M seed co-led by Intel Capital and Dell TechnologiesFind
45 minutes ago
Jaspreet Singh / Reuters:
Bumble reports Q1 revenue up 10.2% YoY to $267.8M, vs. $265.5M est., total paying users of ~4M, up from 3.5M a year ago, and expects Q2 revenue below estimatesFind
2 hours ago
Jason Schreier / Bloomberg:
Sources: Microsoft plans more cuts after closing several game studios, as the massive Activision acquisition has ramped up scrutiny on the Xbox divisionFind
2½ hours ago
AJ Vicens / CyberScoop:
Boeing confirms that LockBit attempted to extort a $200M ransom in October 2023; the company reportedly didn't pay any ransom after ~43GB of its data was postedFind
3½ hours ago
Dallin Grimm / Tom's Hardware:
Some Stack Overflow users say their account was suspended after they attempted to alter their posts in protest of its OpenAI partnership to supply data for AIFind
4½ hours ago
Dade Hayes / Deadline:
Disney and WBD announce a streaming bundle of Disney+, Hulu, and Max, with ad-supported and ad-free plans, beginning this summer in the US, with pricing to comeFind
5 hours ago
Pratik Jain / Reuters:
US hospital operator Ascension reports disruptions to its clinical operations due to a suspected cybersecurity incident and engages Mandiant to help investigateFind
5½ hours ago
Full Time-Sorted List

From Mediagazer

New York Times:
Sources: if Sony and Apollo acquire Paramount Global, they plan to sell off CBS, cable channels like MTV, and Paramount+, while keeping Paramount Pictures

Lucas Shaw / Bloomberg:
Sources: WBD plans more cost cutting to hit financial targets for next year, including the possibility of more layoffs, and has decided to raise Max prices

Aisha Malik / TechCrunch:
The New York Times Games rolls out a Wordle archive with 1,000+ past puzzles for “Games” and “All Access” subscribers, and adds its WordleBot to NYT Games app

More News

Lynn Doan / Bloomberg:
Intel expects its Q2 revenue to be “below the midpoint” of the company's previously guided $12.5B to $13.5B range because of a new US ban on Huawei chip exports
Madeleine Ngo / New York Times:
SIA and Boston Consulting Group: the US will triple its domestic chip manufacturing capacity by 2032, boosting its global chip making share to 14% from 10% now

Earlier Picks

Simon Willison / Simon Willison's Weblog:
OpenAI built the gpt2-chatbot, renamed to “im-also-a-good-gpt-chatbot”, per the gpt2-chatbot's 429 rate limit error message, which appeared in the LMSYS arena
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