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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 (Sarah McBride/Bloomberg)
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As software gets better at labeling photos, CAPTCHA designers are adopting more difficult logic-based prompts to thwart nefarious bots (Katie Deighton/Wall Street Journal)
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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" (MacKenzie Sigalos/CNBC)
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Letter: the US Department of Commerce is reviewing the national security implications of China's work in open-source RISC-V chip technology (Stephen Nellis/Reuters)
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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 (Andrew J. Hawkins/The Verge)
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Larry Ellison says Oracle is moving its world headquarters from Austin to Nashville to be closer to a major healthcare epicenter (Ashley Capoot/CNBC)
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For the third time, Google delays the deprecation of third-party cookies in Chrome, pushing back its plans to early 2025 amid regulatory scrutiny (Seb Joseph/Digiday)
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OpenAI announces new enterprise-grade features for API customers, including enhanced security, administrative controls, and new Assistants API capabilities (Carl Franzen/VentureBeat)
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The European Parliament adopts right-to-repair rules clarifying manufacturer obligations to provide repair services, consumer access to spare parts, and more (Jacob Ridley/PC Gamer)
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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 (Forbes)
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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 (Wall Street Journal)
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The US Senate advances the bill forcing a sale or ban of TikTok, preparing for a final vote on the bill as soon as Tuesday evening (Sara Dorn/Forbes)
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Sources: IBM is nearing an acquisition of HashiCorp, which helps companies manage cloud infrastructure, in the coming days; HashiCorp's stock jumps 22%+ (Wall Street Journal)
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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 (Kali Hays/Business Insider)
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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 (Viola Zhou/Rest of World)
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Not only has GM sold driving data to insurers without telling users, but a GM app "bug" meant users who were enrolled in Smart Driver were told they weren't (Kashmir Hill/New York Times)
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Microsoft took down its WizardLM 2 LLM after it reportedly missed "toxicity testing", but people already downloaded and re-uploaded it to GitHub, Hugging Face (Emanuel Maiberg/404 Media)
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Taylor Swift's new album smashed streaming records; Spotify says it had 300M+ streams on launch day and became 2024's most-streamed album within just 12 hours (Chris Morris/Fortune)
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Sources: Apple cut 2024 Vision Pro shipments to 400K-450K units, vs. a 700K+ market consensus, and US demand has "fallen sharply beyond expectations" (Ming-Chi Kuo)
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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 (Victoria Song/The Verge)
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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 (Ingrid Lunden/TechCrunch)
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Repairable laptop maker Framework Computer raised a $17M Series A-1, after an $18M Series A in early 2022, to expand into new product categories (Brian Heater/TechCrunch)
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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 (Victoria Song/The Verge)
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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 (Quentyn Kennemer/The Verge)
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As Congress' TikTok bill moves ahead, US lawmakers must show on what grounds they are forcing a sale or ban of the popular and culturally significant platform (Dave Lee/Bloomberg)
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Meta, Google, OpenAI, child safety group Thorn, nonprofit All Tech Is Human, and other AI groups sign on to an initiative to add new child safety measures (Deepa Seetharaman/Wall Street Journal)
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Sonos updates its Android and iOS apps, rebuilding them to become more reliable, and plans to discontinue its Windows and macOS apps in favor of web apps (Chris Welch/The Verge)
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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 (Shirin Ghaffary/Bloomberg)
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Analysis of pinyin keyboard apps from Baidu, Honor, Huawei, iFlytek, OPPO, Samsung, Tencent, Vivo, and Xiaomi: flaws reveal keystrokes to network eavesdroppers (The Citizen Lab)
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Google fires ~20 more staff the company says participated in protests denouncing an Israeli cloud contract; an activist workers' group says the total is now 50+ (Washington Post)
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Sources: two SEC lawyers resigned after a US federal judge sanctioned and sharply rebuked the SEC for "gross abuse" of power in crypto platform DEBT Box's case (Austin Weinstein/Bloomberg)
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iPhone sales in China fell 19.1% YoY to a 15.7% share in Q1 2024; Vivo fell 0.4% YoY to 17.4%, Honor rose 11.5% YoY to 16.1%, and Huawei rose 69.7% YoY to 15.5% (Counterpoint Research)
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Spotify reports Q1 revenue up 20% YoY to €3.6B, MAUs up 19% YoY to 615M, below 617.9M est., subscribers up 14% YoY to 239M, and a €168M operating income (Ashley Carman/Bloomberg)
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Adobe adds AI tools powered by its new Firefly Image 3 model to Photoshop, including Reference Image to inspire the AI's output, available in beta on desktop (Jess Weatherbed/The Verge)
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Kaiko: in the past year, Binance's bitcoin trading share outside the US fell from 81.3% to 55.3%, OKX's rose from 3% to 7.3%, and Bybit's rose from 2% to 9.3% (Suvashree Ghosh/Bloomberg)
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Analysis: 10 Chinese entities acquired advanced Nvidia chips embedded in Supermicro, Dell, and Gigabyte products between November 20, 2023 and February 28, 2024 (Reuters)
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Elon Musk criticizes Australia's order to remove a video of a religious leader's stabbing, after the eSafety commissioner took X to court and the PM weighed in (Mike Cherney/Wall Street Journal)
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French electrical equipment maker Legrand agrees to acquire Dutch health software company Enovation from PE firm Main Capital Partners, sources say for €500M+ (Bloomberg)
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Microsoft launches Phi-3 Mini, a 3.8B-parameter model that competes with GPT-3.5, and plans to release Phi-3 Small and Phi-3 Medium with 7B and 14B parameters (Emilia David/The Verge)
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A look at Jeff Yass' Susquehanna International Group, which has a ~15% ByteDance stake worth ~$40B and has invested $3.5B+ across 350+ deals in China since 2005 (Financial Times)
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Q&A with BCG CEO Christoph Schweizer, who says the consulting firm expects 20% of its 2024 revenue and 40% of its 2026 revenue to come via helping integrate AI (Financial Times)
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Revolut plans an ad sales push, expects to derive a "proper chunk" of its revenue from targeted ads, and hires an ex-TikTok executive to lead its media strategy (Akila Quinio/Financial Times)
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Nominal, which offers tools for data analysis, testing, and more to startups building advanced hardware like drones, emerges from stealth with $27.5M in funding (Lizette Chapman/Bloomberg)
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TabaPay, which offers instant payment services, agrees to acquire assets of banking-as-a-service startup Synapse, after Synapse filed for Chapter 11 bankruptcy (TechCrunch)
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Amazon ends drone deliveries in Lockeford, California, which began in 2022, and plans to expand them to Tolleson, Arizona, in 2024 and other US regions in 2025 (Annie Palmer/CNBC)
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HR software company Rippling raised a $200M Series F led by Coatue at a $13.5B valuation, up from $11.25B in March 2023, and a separate $590M tender offer (Connie Loizos/TechCrunch)
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Newsletter service Ghost says it plans to add ActivityPub support in 2024; rival service Buttondown also plans ActivityPub support (Nilay Patel/The Verge)
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Source: UnitedHealth's Change Healthcare was compromised on February 12, nine days before the ransomware attack; the company paid a ransom to the hackers (James Rundle/Wall Street Journal)
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Pomelo, a "send now, pay later" startup that lets users in the US send money in the form of credit to people in the Philippines, raised a $35M Series A (Mary Ann Azevedo/TechCrunch)
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Meta opens its VR OS, now called Horizon OS, to third parties, and says Asus and Lenovo plan Horizon OS-compatible headsets; Meta plans an Xbox branded Quest (Scott Stein/CNET)
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