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Filing: 23andMe CEO Anne Wojcicki is seeking to take 23andMe private after three years that saw its valuation collapse from a high of $6B to ~$200M on April 17 (Rolfe Winkler/Wall Street Journal)
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Walmart-backed digital marketing software company Ibotta raised ~$577.3M in its IPO, selling shares for $88 each, giving the company a market value of $2.67B (Amy Or/Bloomberg)
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Sources: Micron could get $6B+ in chip grants from the US Commerce Department for domestic factory projects; the award could be announced as soon as next week (Mackenzie Hawkins/Bloomberg)
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Intel unveils Hala Point, a large-scale neuromorphic system deployed at Sandia National Laboratories, with 1,152 Loihi 2 processors simulating 1M neurons each (Ryan Smith/AnandTech)
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The US CFPB fines BloomTech, formerly Lambda School, and CEO Austen Allred $164K and bans BloomTech from lending for 10 years over deceiving students on loans (Kyle Wiggers/TechCrunch)
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The NIST appoints ex-OpenAI researcher Paul Christiano as head of AI safety; Christiano has been criticized for "AI doomer" views and ties to effective altruism (Ashley Belanger/Ars Technica)
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TikTok starts rolling out TikTok Notes, its Instagram rival for sharing photo and text content, for limited testing in Australia and Canada on Android and iOS (Sheena Vasani/The Verge)
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Boston Dynamics debuts an electric version of humanoid robot Atlas for commercial use, a day after retiring the hydraulic Atlas, with a pilot starting in 2025 (Brian Heater/TechCrunch)
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Colorado Governor Jared Polis signs a bill that, for the first time in the US, expands the state's personal privacy law to include consumer "neural data" (Jonathan Moens/New York Times)
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Worldcoin announces World Chain, a Layer 2 Ethereum blockchain designed to prioritize verified humans over bots, slated for release this summer (Sam Kessler/CoinDesk)
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MTAC report: foreign malign influence from Russia, China, and Iran in the US presidential election got off to a slower start this year compared to 2016 and 2020 (Clint Watts/Microsoft On the Issues)
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Third-party iOS app store AltStore PAL launches in the EU for €1.50 a year with two apps including game emulator Delta, which is also live on Apple's App Store (The Verge)
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After Forbes found 120+ YouTube videos and 27 Google ads promoting AI deepfake porn tools and "nudifier" Telegram bots, Google took them down (Thomas Brewster/Forbes)
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Startup-focused neobank Mercury expands to consumers with Mercury Personal, offering support for multiple users, access to up to $5M in FDIC insurance, and more (Mary Ann Azevedo/TechCrunch)
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The US FTC announced a $7M fine against mental telehealth startup Cerebral, citing misleading data sharing and cancelation policies, misleading ads, and more (Wes Davis/The Verge)
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Sources: German grocery delivery startup Flink raised another €100M from existing investors and has been in merger talks with rivals Getir and Just Eat Takeaway (Bloomberg)
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The European Data Protection Board says large online platforms like Meta should give users an option to use their services for free without targeted advertising (Foo Yun Chee/Reuters)
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Sources: the EU has decided that Microsoft's OpenAI deal doesn't merit a formal probe because it falls short of a takeover and Microsoft doesn't control OpenAI (Samuel Stolton/Bloomberg)
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How Amazon built Just Walk Out starting in the early 2010s, driven by Jeff Bezos, as Amazon removes the tech from its stores but expands it to other retailers (Matt Day/Bloomberg)
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Stability AI makes Stable Diffusion 3 available to developers via an API and a new Stable Assistant Beta content creation platform; the models remain in preview (The Verge)
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A look at Spy Pet, which scrapes Discord servers to archive users' data and sells access to that data for as little as $5; Discord is investigating (Joseph Cox/404 Media)
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Snap plans to add watermarks to AI-generated images exported from Snapchat; the watermarks appear as a translucent version of the Snap logo with a sparkle emoji (Ivan Mehta/TechCrunch)
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How GitHub Copilot became responsible for a significant percentage of coding, despite its limitations; Stack Overflow: 54.8% of developers used Copilot in 2023 (Bloomberg)
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ASML reports China represented 49% of its system sales in Q1, while sales from Taiwan more than halved QoQ and the US dropped five percentage points QoQ to 6% (Bloomberg)
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Bellwether, a new group inside Alphabet's X innovation lab, plans to offer AI tools to the US National Guard to analyze images of disaster areas in summer 2024 (Gerrit De Vynck/Washington Post)
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Mandiant links hacktivist group Cyber Army of Russia, which claimed to target utilities in France, the US, and Poland, to Russia-linked hacking group Sandworm (Andy Greenberg/Wired)
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US Senators Cynthia Lummis and Kirsten Gillibrand propose a bill to regulate stablecoins; House and Senate lawmakers are pushing to pass a bill as soon as May (Steven T. Dennis/Bloomberg)
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How a network of repair ships helps maintain the estimated 800,000 miles of undersea internet cables; of the 77 cable ships, only 22 are designated for repair (Josh Dzieza/The Verge)
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How video games with immersive storylines and powerful, emotive writing offer some of the most thrilling fiction out there, overtaking books for some readers (Imogen West-Knights/Financial Times)
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CIRP: Amazon Prime hit a new high of 180M US shoppers in March 2024, up 8% YoY, despite greater online competition; 75% of US shoppers have a Prime membership (Spencer Soper/Bloomberg)
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Foxconn Chair Young Liu says the company implemented a rotating CEO system in April 2024, choosing a leader from its six core businesses to nurture successors (Yimou Lee/Reuters)
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Activision drops team entry fees for its professional Call of Duty League, and will return prior collected fees, as the esports industry faces profit challenges (Cecilia D'Anastasio/Bloomberg)
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Emails: SpaceX cracks down on users who are connecting to its Starlink internet service from unauthorized countries, including Sudan, South Africa, and Zimbabwe (Wall Street Journal)
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ASML reports Q1 net sales down 21.6% YoY to €5.29B, vs. €5.39B est., net income down 37.4% YoY to €1.22B, vs. €1.07B est., and net bookings down 4% YoY to €3.6B (Arjun Kharpal/CNBC)
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Current and former T-Mobile and Verizon employees say they are receiving texts offering up to $300 to perform a SIM swap; T-Mobile says it is investigating (Sergiu Gatlan/BleepingComputer)
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Tel Aviv-based Cynomi, which offers an AI-powered virtual CISO service for managed service providers, raised a $20M Series A led by Canaan (FinSMEs)
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Herlev, Denmark-based Flatpay, which offers payment services to retail shops, restaurants, salons, and more, raised a €45 Series B led by Dawn Capital (Ingrid Lunden/TechCrunch)
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Canada plans to introduce a digital services tax on large tech companies, which could raise CA$5.9B over five years starting in FY 2024-2025 (David Ljunggren/Reuters)
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Source: Mistral is talking to investors to raise several hundred million dollars at a $5B valuation, after raising $415M at a $2B valuation in December 2023 (Kate Clark/The Information)
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The Linux Foundation announces the Open Platform for Enterprise AI, to foster the development of open, multi-provider, and composable generative AI systems (Kyle Wiggers/TechCrunch)
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Filing: Take-Two plans to lay off 5% of its workforce, expecting to incur up to $200M in charges as part of the downsizing, including $140M from canceled titles (Rob Golum/Bloomberg)
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IAB and PwC report on US digital ad sales in 2023: total revenue grew 7.3% YoY to $225B, digital video grew 10.6% to $52.1B, and digital audio grew 18.9% to $7B (Hana Yoo/AdExchanger)
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Kontakt.io, whose software and Bluetooth devices help hospital managers make decisions about patients, beds, and equipment, raised $47.5M from Goldman Sachs (Mark Bergen/Bloomberg)
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Cloudflare says its network saw DNS-based DDoS attacks increase by 80% YoY in Q1 2024, with attacks on Sweden surging by 466% after its acceptance into NATO (The Cloudflare Blog)
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Sources: HR tech startup Rippling plans to close a Series F at a valuation as high as $13.4B, after a $200M injection plus $670M in shares sold by stockholders (TechCrunch)
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Sensor Tower: Naval Ravikant and Brian Norgard's audio-focused invitation-only social app Airchat has been downloaded 30K+ times since its relaunch this month (Priya Anand/Bloomberg)
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Loft Labs, which helps businesses spin up virtual Kubernetes clusters, raised a $24M Series A and says its open source project vCluster has had 40M downloads (Ron Miller/TechCrunch)
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Amazon confirms that HQ2 in Arlington lost 200 jobs in 2023, missing Amazon's goal of adding 2,500 jobs; HQ2 has ~8,000 employees and plans to reach ~25,000 (Teo Armus/Washington Post)
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The Senate is set to vote on RISAA, which reauthorizes FISA's Section 702 and could force new types of businesses to eavesdrop on Americans without a warrant (Dell Cameron/Wired)
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Apple debuts web distribution of iOS apps to EU users, allowing qualifying devs who opt in to its Core Technology Fee to offer direct downloads from their sites (Natasha Lomas/TechCrunch)
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