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Tue Apr 30
Mon Apr 29
Sam's Club has deployed its exit tech, which uses computer vision to check members' purchases against their receipts, at 120+ locations, or 20% of its stores (Sarah Perez/TechCrunch)
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An APK review suggests the Rabbit R1 runs Android and its entire user interface is powered by a single Android app (Mishaal Rahman/Android Authority)
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Twitch rolls out its TikTok-like discovery feed, launching as a tab within the Twitch iOS and Android apps showing live streams and clips (Aisha Malik/TechCrunch)
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IBM wins a court decision overturning $1.6B in damages it was ordered to pay BMC in 2022 for swapping in its own software while servicing a mutual client, AT&T (Madlin Mekelburg/Bloomberg)
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Coinbase adds support for the Bitcoin Lightning Network via payments startup Lightspark, letting customers transfer bitcoin faster and at a lower cost (Derek Andersen/Cointelegraph)
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Screenshots seem to show TikTok circumventing Apple's App Store fees by showing some users a link to a site for buying digital coins, instead of using IAPs (Sarah Perez/TechCrunch)
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Amazon reports Q1 ad revenue up 24% YoY to $11.8B, vs. $11.7B est., driven by the growth of its Stores and Prime Video businesses (Todd Spangler/Variety)
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Amazon reports Q1 AWS revenue up 17% YoY to $25.04B, vs. $24.49B est., and AWS operating income of $9.42B, vs. $7.52B est., up from $5.12B YoY (Jordan Novet/CNBC)
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AMD reports Q1 revenue up 2% YoY to $5.47B, vs. $5.46B est., Data Center revenue up 80% YoY to $2.3B, and a $123M net income, up from a $139M net loss YoY (Kif Leswing/CNBC)
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Pinterest reports Q1 revenue up 23% YoY to $740M, vs. $700.3M est., MAUs up 12% YoY to 518M, and Q2 revenue forecast above est.; PINS jumps 15%+ after hours (Aisha Counts/Bloomberg)
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Amazon Q1: revenue up 13% YoY to $143.3B, net income of $10.4B, vs. $3.2B YoY, operating income of $15.3B, vs. $4.8B YoY, subscription revenue up 11% to $10.7B (Amazon)
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Letter from US senators: only five of 14 automakers require police to have a warrant before requesting user data, and only Tesla tells users about such requests (Kashmir Hill/New York Times)
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The US DOJ says it has charged Roger Ver, a well-known figure from the early days of Bitcoin, with filing false tax returns and more to evade paying nearly $50M (Jeff John Roberts/Fortune)
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US judge sentences Binance founder Changpeng Zhao to four months in prison (Elizabeth Lopatto/The Verge)
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Game emulator Delta has been the top US iOS app for weeks, after Apple lifted its ban on such apps, likely due to regulatory pressure and alt stores in the EU (Shira Ovide/Washington Post)
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SafeBase, which helps companies automate software security reviews using AI, raised a $33M Series B led by Touring Capital, bringing its total funding to $50M+ (Kyle Wiggers/TechCrunch)
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SCOTUS declines to block a Texas online porn restriction law, after critics said an age-verification mandate violates 1A by forcing viewers to submit their info (Lawrence Hurley/NBC News)
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Satellite telco SES has agreed to buy Starlink-rival Intelsat for $3.1B in cash (Bloomberg)
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Marriott quietly admits to not encrypting certain user data impacted by a 2018 breach, after arguing in court it used encryption so the case should be dismissed (Evan Schuman/CSO)
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The Browser Company debuts Arc on Windows, after testing began in December 2023, and says the Windows app has 150K+ users; the macOS app shipped in July 2023 (Ivan Mehta/TechCrunch)
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Network security startup Corelight raised a $150M Series E led by Accel, in a deal valuing it at $900M, says it is on track to hit $100M in ARR within months (Katie Roof/Bloomberg)
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Sources: Google has agreed to pay News Corp $5M to $6M annually to develop new AI-related content and products, as part of its Google News Initiative (Sahil Patel/The Information)
2w
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Source: Apple is testing Safari 18 features, including more advanced content blocking and an AI-powered Intelligent Search tool, expected to debut later in 2024 (Marko Zivkovic/AppleInsider)
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Eight daily newspapers owned by Alden, the second-largest US newspaper operator, sue OpenAI and Microsoft for allegedly using copyrighted articles to train AI (Katie Robertson/New York Times)
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Amazon makes its AI assistant Amazon Q generally available and adds an "app creator" in preview to let employees build generative AI apps based on company data (Todd Bishop/GeekWire)
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Beats announces $200 Solo 4 on-ear wireless headphones, with up to 50 hours of battery life, and $80 wireless Solo Buds shipping in June 2024, both without ANC (Chris Welch/The Verge)
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In its first TikTok Shop Safety Report, TikTok reports 500K+ sellers in the US and 15M+ sellers worldwide in December 2023, adding 6M+ in H2 2023 (Alex Barinka/Bloomberg)
2w
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NYC-based newsletter platform beehiiv raised a $33M Series B led by NEA, taking its total raised to $46.5M, and says the service has ~20K active newsletters (Ingrid Lunden/TechCrunch)
2w
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Instagram updates its recommendation algorithms to demote aggregator accounts, hoping to promote original content and increase distribution to smaller accounts (Mia Sato/The Verge)
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A Finnish court sentences hacker Julius Kivimäki to six years and three months, after he breached a health care database and tried to blackmail 33,000 people (BBC)
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Bumble redesigns its app and adds Opening Moves, to let women ask a question men can answer, a major shift that ends the requirement that women message first (Valeriya Safronova/New York Times)
2w
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Enterprise browser startup Island raised $175M led by Sequoia and Coatue at a $3B valuation, up from $1.5B in October 2023, taking its total funding to $487M (Katie Roof/Bloomberg)
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PayPal reports Q1 revenue up 9% YoY to $7.7B, payment volume up 14% YoY to $404B, and transaction margin dollars up 4% YoY to $3.5B; PYPL rises 5%+ (Paige Smith/Bloomberg)
2w
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In Congressional testimony, UnitedHealth CEO Andrew Witty plans to say that hackers exploited a Citrix vulnerability to breach UnitedHealth on February 12 (Zeba Siddiqui/Reuters)
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Since pleading guilty in November 2023, Changpeng Zhao has networked across the US to set up his next act; sources say CZ and Sam Altman exchanged text messages (New York Times)
2w
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Huawei reports Q1 revenue up 37% YoY to ~$24.7B and net profit up 564% YoY to ~$2.7B, rising for the fourth consecutive quarter, buoyed by smartphone sales (Bloomberg)
2w
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How an empty, private AWS S3 bucket had ~100M PUT requests in a day, racking up a $1,300+ bill, due to a popular open-source tool using the same bucket name (Maciej Pocwierz)
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EU Commission President Ursula von der Leyen says a TikTok ban is "not excluded" and "we know exactly the danger of TikTok" during a 2024 election debate (Pieter Haeck/Politico)
2w
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The EU opens a DSA investigation into Meta over deceptive Facebook and Instagram ad and political content; sources say the probe is about a pro-Kremlin campaign (Bloomberg)
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Internal Oracle documents: ~6,900 workers are assigned to California offices, compared to 2,500 in Texas, despite Oracle moving its HQ to Texas three years ago (Brody Ford/Bloomberg)
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Lithuanian second hand marketplace Vinted reports 2023 revenue up 61% YoY to €596.3M and a €17.8M net profit, up from a €20.4M loss in 2022 (Zosia Wanat/Sifted)
2w
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Tesla's FSD is set to face tough competition in China, after at least 10 automakers and suppliers announced driver-assistance systems over the past two years (Reuters)
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Tech journalism is often characterized by scandals, sensationalism, and shoddy research, and publishers are reluctant to invest in it without a clear ROI (Timothy B. Lee/Asterisk)
2w
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Ahead of Changpeng Zhao's April 30 sentencing, a look at the contrast between CZ/Binance and SBF/FTX, as Binance claims 40M+ new users in 2023, up 30% YoY (Bloomberg)
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Microsoft announces plans to invest $1.7B in cloud and AI infrastructure in Indonesia over four years and train 840,000 people with AI skills in the country (Bloomberg)
2w
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Analysis: Apple hired at least 36 AI experts from Google since 2018 and has a secretive European laboratory in Zurich to develop new AI models and products (Michael Acton/Financial Times)
2w
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A profile of, and interview with, Rabbit CEO Jesse Lyu, on the origins of the R1, taking "10 minutes to design" the device, the AI gadget competition, and more (Raymond Wong/Inverse)
2w
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Rabbit R1 review: $199 is reasonable but emblematic of a trend of selling unfinished products at full price while vowing to fix the issues later to win a "race" (Marques Brownlee/Marques Brownlee on YouTube)
2w
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Blaize, which designs AI chips for edge devices and data centers, raised $106M; the company announced in December 2023 plans to go public via a SPAC merger (Maria Deutscher/SiliconANGLE)
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Multiple US House aides say ByteDance's video editing app CapCut could also be subject to the same divest-or-ban requirement as TikTok (Taylor Lorenz/Washington Post)
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