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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)
3w
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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)
3w
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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)
3w
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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)
3w
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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)
3w
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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)
3w
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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)
3w
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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)
3w
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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)
3w
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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)
3w
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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)
3w
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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)
3w
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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)
3w
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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)
3w
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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)
3w
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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)
3w
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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)
3w
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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)
3w
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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)
3w
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Cloud data management company Informatica says it is not currently in acquisition talks, after Salesforce's reported interest in a ~$10B deal; INFA falls 8%+ (Rohan Goswami/CNBC)
3w
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The EU opens another TikTok investigation to assess whether TikTok Lite's design, which financially rewards users for watching or liking videos, is "addictive" (Natasha Lomas/TechCrunch)
3w
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Russia sentences Meta spokesperson Andy Stone in absentia to six years for "publicly defending terrorism"; Russia designates Meta as an extremist organization (Reuters)
3w
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Q&A with Discord CEO Jason Citron on creating a more private internet, developers, community, gaming origins, moderation, layoffs, Loom video meetings, and more (Nilay Patel/The Verge)
3w
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Stanford Internet Observatory: AI images could overwhelm federally authorized CSAM clearinghouse CyberTipline, which gets tens of millions of tips per year (Will Oremus/Washington Post)
3w
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UK-based users sue Grindr in the UK for allegedly sharing personal data, such as their HIV status, with ad companies like Localytics from May 2018 to April 2020 (Katharine Gemmell/Bloomberg)
3w
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A profile of Aleksanteri Kivimäki, a hacker wunderkind with a mean streak, who stood trial over a ransomware attack on Finnish psychotherapy provider Vastaamo (Drake Bennett/Bloomberg)
3w
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Researchers: files on a misconfigured North Korean server hint local animators worked on upcoming Prime Video and HBO Max TV shows, possibly via a Chinese front (Matt Burgess/Wired)
3w
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African tech VC TLcom Capital has raised $154M for a new fund, attracting US and European investments; Africa-focused VCs have raised $655M+ since November 2023 (Aanu Adeoye/Financial Times)
3w
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Japan's FTC: Google blocked Yahoo Japan from tech needed to receive targeted ad revenue from mobile searches from 2015 to 2022; Alphabet changed its practices (Takashi Mochizuki/Bloomberg)
3w
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A US judge sentences HeadSpin founder Manish Lachwani to 18 months and fines him $1M for inflating financials; HeadSpin raised $117M and hit a $1.1B valuation (Erin Griffith/New York Times)
3w
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Swedish game developer Embracer Group plans to split into three publicly traded companies, focused on tabletop, indie, and AAA games; EMBRAC-B closes up 8.61% (Christopher Jungstedt/Bloomberg)
3w
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Tinder announces Share My Date, letting users share their date plans with friends via a link that includes their match's name, meeting location, date, and time (Lauren Forristal/TechCrunch)
3w
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Memo to US staff: TikTok vows a legal battle if the US' divestment bill becomes law, saying the bill is "a clear violation" of its users' First Amendment rights (Zheping Huang/Bloomberg)
3w
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Source: Salesforce has backed away from its talks to acquire cloud data management company Informatica, after the two companies could not agree on terms (Anirban Sen/Reuters)
3w
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Analysis: the 25 most-cited US news organizations lost 75% of their Facebook user engagement and 58% of their Instagram interactions between Q1 2022 and Q1 2024 (Washington Post)
3w
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A look at Home Assistant, an open-source smart home platform with an estimated 1M users, as its creators announce a foundation to help reach the mainstream (Jennifer Pattison Tuohy/The Verge)
3w
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Tesla cuts the price of its Full Self-Driving software to $8K from $12K in the US, following a price cut from $15K to $12K in September 2023 (Jameson Dow/Electrek)
3w
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Antenna: ~25% of US streaming video subscribers, or 29M+ users, canceled three or more in the past two years, as users increasingly jump between services (John Koblin/New York Times)
3w
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How some parents, seeking the ability to reach their kids at all times, have become unexpected but forceful opponents of schools' attempts to ban phones (Julie Jargon/Wall Street Journal)
3w
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How TikTok has influenced US culture and shaped Hollywood, privacy, fashion, shopping, news, music, trends, cooking, mental health, national security, and more (New York Times)
3w
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A look at Block-funded Gridless, which operates bitcoin mines in Kenya, Malawi, and Zambia, powered through solar power and wasted energy from a geothermal site (MacKenzie Sigalos/CNBC)
3w
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Researchers: when given 15 CVE descriptions, GPT-4 autonomously exploited 87% of the "one-day" vulnerabilities, compared to 0% for every other model tested (Thomas Claburn/The Register)
3w
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Nvidia will provide the software for Japan's ABCI-Q, a hybrid supercomputer that offers quantum computing capability for drug research and other uses (Riho Nagao/Nikkei Asia)
3w
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Open-source GameCube and Wii emulator Dolphin is not coming to the App Store, as Apple does not allow JIT recompilers on iOS, likely due to security concerns (OatmealDome)
3w
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The US House passes a TikTok divestiture bill with a longer sale deadline, as part of a package of Ukraine/Israel bills, pressuring the Senate to vote on TikTok (Lauren Feiner/The Verge)
3w
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Sources: seeking an edge over China in AI deals, the Biden administration is brokering talks between US companies and the UAE, including Microsoft's G42 deal (Financial Times)
1mo
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PCs that can run large AI models may drive an enterprise PC replacement cycle, but some CIOs say they'll wait for the category to mature and prices to come down (Isabelle Bousquette/Wall Street Journal)
1mo
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A look at Los Angeles' Homelessness Prevention pilot program, which uses AI to identify those at risk of becoming homeless, offering aid to keep them housed (Kate Rogers/CNBC)
1mo
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An interview with Linus Torvalds at the Open Source Summit North America on the XZ Utils exploit, open source development, RISC-V, AI, and more (David Cassel/The New Stack)
1mo
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