Techmeme
May 24, 2021, 8:50 AM

Top News

Nick Statt / Protocol:
Ahead of Monday's closing arguments in the Apple vs Epic trial, a closer look at the judge's pointed questioning of Cook that touched on the lack of competition  —  Judge Yvonne Gonzalez Rogers, who is presiding over the Epic v. Apple antitrust trial, saved her best for last.
Devin Coldewey / TechCrunch:
Heather Somerville / Wall Street Journal:
Study: among 44 tech startups that completed a SPAC deal from the start of 2020 through April 2021, their share prices had fallen 12.6% on average by May 17  —  Entrepreneurs are increasingly wary about the money-raising tool after watching peers' stocks slide and investors balk
Olivia Solon / NBC News:
Pro-Palestinian activist campaign targets Facebook's app store ratings via 1-star reviews; Facebook's internal chats show Apple declined to remove the reviews  —  Pro-Palestinian activists are running a coordinated campaign to downgrade Facebook's app review ratings to protest …
José Adorno / 9to5Mac:
Apple says HomePod and HomePod mini will receive a software update in the future to natively support Apple Music Lossless  —  After a week of controversies, Apple released a support page with everything users need to know about Apple Music Lossless.  For example, we've now discovered …
Karen Hao / MIT Technology Review:
Over 500 AI researchers are working on a project to build an open-source large language model that will be used to conduct research independent of any company  —  Hundreds of scientists around the world are working together to understand one of the most powerful emerging technologies before it's too late.
Ken Norton / Bring the Donuts Newsletter:
Q&A with Michael Siliski, a business lead at Stripe, on product culture, how written long-form documents facilitate the flow of information at Stripe, and more  —  Go deep, move fast, and build multi-decade abstractions  —  This is the next part of my ongoing series about product culture.
Manish Singh / TechCrunch:
Indian startup Zeta, which helps banks launch fintech products, raises $250M Series D led by SoftBank Vision Fund 2 at a valuation of $1.45B  —  Zeta, a startup that helps banks and fintech firms launch products, is the newest to attain the coveted unicorn status after closing a new financing round.
More: Entrackr and Bloomberg
Mike Butcher / TechCrunch:
London-based Faculty, an applied AI startup which helps companies adopt AI into their businesses, raises £30M from the Apax Digital Fund  —  British artificial intelligence (AI) company, Faculty has raised £30 million ($42.5M) in growth funding from the Apax Digital Fund (ADF).

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