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May 9, 2024, 3:25 AM
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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
Ash Parrish / The Verge:
Town hall: Xbox Game Studios head Matt Booty discussed wanting small and prestigious games, after closing the studio behind a small, prestigious hit Hi-Fi Rush
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 …
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
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 …
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.
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 …
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.
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, The Verge, The Hollywood Reporter, NBC News, Wall Street Journal, Laptop Mag, Fast Company, Deadline, Campaign Middle East, Adweek, Variety, New York Times, MobileSyrup, The Independent, The Wrap, Philip Elmer‑DeWitt, Washington Post, CNN, HEY, Bloomberg, Cult of Mac Today, The Daily Dot, Mashable, Agence France-Presse, SFGATE, The Atlantic, 80 Level, TechCrunch, Inc.com, Vulture, NME, Patently Apple, The Register, iMore, Business Insider, PCMag, Kotaku, Ad Age, The Drum, iClarified, and The Verge
Threads: @anildash, @craigmod, @tomwarrenuk, @joelt999, and @gwhitta
Mastodon: @yiningkarlli@mastodon …, @virtualbri@mastodon.online, and @Richard_Littler …
X: @hackedoffhugh, @michaelmiraflor, @rezawrecktion, @mr_james_c, @alexroy144, @adamsinger, @jamiesont, @justinebateman, @jacquesgreene, @zemotion, @ositanwanevu, @locust9, @asifkapadia, @tomfgoodwin, @jamesrbuk, @bcmerchant, @reedmorano, @sarahkendzior, @kepano, @matthewstoller, @danielpriestley, @byyourlogic, @justinebateman, @stevesi, @counternotions, @timsweeneyepic, @sdw, @byronyork, @nick_kapur, @thestalwart, @joecarlsonshow, @ed_solomon, @morgothsreview, @mikerugnetta, @lulumeservey, @anylaurie16, @angelicaoung, @patrickdeneen, @neilcybart, @mer__edith, @mgsiegler, @zemotion, @cheo_coker, @dream_arkanum, @hkesvani, @dhh, @teroterotero, @mikeisaac, @katiepavlich, @jamesrbuk, @teroterotero, @reedalbergotti, @lmlauramarsh, @fchollet, @melmitchell1, @pmddomingos, @alexludoboyd, @maxwinebach, @oliversegovia, @isaiah_bb, @carnage4life, @jamesmelville, @robertwrighter, @dark1x, @lmatsakis, @tomandlorenzo, @micsolana, @jysexton, @emollick, @benmullin, @markgurman, @neilcybart, @loudmouthjulia, @bennjordan, @thestalwart, @antoniogm, @fchollet, @bcmerchant, @theadamsass, @bengeskin, @harikunzru, @sarahbadr, @dollydeighton, @greg_jenner, @postoctobrist, @david_rudnick, @schillingc, @alicelowe, and @swiftonsecurity.  LinkedIn: Emil Protalinski
Forums: Hacker News, r/apple, and MacRumors Forums
Nicholas Yong / Rest of World:
Some Singaporean writers are resisting their government's request to use their works to train a multilingual LLM, citing little clarity on compensation and more  —  Singapore's literary community is pushing back against an official effort to train LLMs using their published works, part of a growing global resistance.
Zoho:
From orders to alerts with Zoho Inventory and Zoho Cliq integration  —  Running a business is challenging, especially when it comes to managing incoming orders from online sales channels.  By integrating your Zoho Inventory setup with robust communication software like Zoho Cliq …
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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
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.

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Newest

Nicholas Yong / Rest of World:
Some Singaporean writers are resisting their government's request to use their works to train a multilingual LLM, citing little clarity on compensation and moreFind
55 minutes ago
Shahram Mokhtari / iFixit News:
Huawei Pura 70 Pro teardown: the 7nm Kirin 9010 is only marginally better than Kirin 9000S, and the majority of the chips are designed and manufactured in ChinaFind
2 hours ago
Ash Parrish / The Verge:
Town hall: Xbox Game Studios head Matt Booty discussed wanting small and prestigious games, after closing the studio behind a small, prestigious hit Hi-Fi RushFind
2½ hours ago
Nikkei Asia:
SIA and BCG: by 2032, the US will have the capacity to manufacture 28% of chips below 10nm, while China is expected to make only 2% of the most advanced chipsFind
2½ hours ago
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
4½ hours 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
6 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
6 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

Shahram Mokhtari / iFixit News:
Huawei Pura 70 Pro teardown: the 7nm Kirin 9010 is only marginally better than Kirin 9000S, and the majority of the chips are designed and manufactured in China
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
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
Reuters:
Sources: US prosecutors are examining if Tesla committed securities or wire fraud by misleading investors and consumers about Autopilot and Full Self-Driving

Earlier Picks

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%+
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%
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
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