Techmeme
April 26, 2023, 5:30 PM

Top News

Competition and Markets Authority:
The UK CMA blocks Microsoft's $68.7B Activision acquisition, citing competition and innovation concerns in the UK cloud gaming market; Microsoft plans to appeal  —  The CMA has prevented Microsoft's proposed purchase of Activision over concerns the deal would alter the future …
More: Bloomberg, The Verge, Activision Blizzard King, BBC, GOV.UK, CNBC, New York Post, Disconnect, New York Times, Financial Times, Bloomberg, GamesIndustry.biz, The Guardian, Ars Technica, Windows Central, MacRumors, Wall Street Journal, Reuters, ZDNet, Fortune, HotHardware, Eurogamer.net, Axios, New York Times, Livemint, Financial Times, PCWorld, Video Games Chronicle, GameSpot, Inside Bitcoins, SiliconANGLE, GamesIndustry.biz, Wired, Variety, ExtremeTech, TweakTown, TechPowerUp, City A.M., Associated Press, The Hill, SlashGear, Forbes, PCMag, American Economic …, Watcher Guru, Coinspeaker, The Guardian, iPhone in Canada Blog, Game Developer, Los Angeles Times, TrueAchievements, KitGuru, TechRadar, Push Square, OnMSFT.com, DatacenterDynamics, Tech Startups, 9to5Google, MobileSyrup, Wccftech, TechSpot, The Register, gHacks Technology News, Gameranx, Digital Trends, Dot Esports, AppleInsider, CNN, Press Start, TNW, VentureBeat, Gizchina, GeekWire, Insider, GamingBolt, WinBuzzer, Appuals.com, Rock, Paper, Shotgun, Polygon, Neowin, Engadget, The Information, Techaeris, Silicon Republic, Pocket Gamer.biz, Computerworld, IGN, Thurrott, Dow Jones Newswires, PC Gamer, BigTechWire, Associated Press, Gizmodo Australia, Android Authority, Destructoid, BGR, Gizmodo, Neowin, UKTN, Club386, Kotaku Australia, Gamereactor UK, Pure Xbox, Dexerto, Deadline, MCV/DEVELOP, TechCrunch, Twinfinite, GLITCHED, and Nintendo World Report Updates
Meta:
Meta reports Q1 revenue up 3% YoY to $28.6B, net income down 24% YoY to $5.7B, and family daily active people up 5% YoY to 3.02B for March 2023; META jumps 10%+  —  “We had a good quarter and our community continues to grow,” said Mark Zuckerberg, Meta founder and CEO.
Jonathan Vanian / CNBC:
Meta's Reality Labs division reports Q1 revenue of $339M, down from $695M YoY, and operating loss of $3.99B, up from a $2.96B loss YoY  —  - Meta's Reality Labs unit had a $3.99 billion operating loss in the first quarter, after losing $13.72 billion last calendar year.
Victoria Song / The Verge:
Amazon shuts down its health-focused Halo division, discontinues its Halo Band, Halo View, and Halo Rise devices, and plans to lay off portions of the team  —  Amazon has decided to shutter its health-focused Halo division, The Verge has learned.  Amazon has stopped selling its three Halo products …
Brian Fung / CNN:
US senators unveil a bipartisan bill that bans kids under 13 from joining social media and requires tech companies to get parental consent for teens' accounts  —  A new federal bill unveiled Wednesday would establish a national minimum age for social media use and require tech companies …
New York Times:
A look at the mounting US legal pressure on Binance: the DOJ's money laundering division leading a criminal investigation, CZ hiring Latham & Watkins, and more  —  The scrutiny on Binance, the giant cryptocurrency exchange, has sent new tremors through a market that is still bruised by the implosion of FTX.
Yueqi Yang / Bloomberg:
Angus Loten / Wall Street Journal:
PricewaterhouseCoopers plans to invest $1B in generative AI over the next three years, working with Microsoft and OpenAI to automate some of its US operations  —  Multiyear investment in U.S. business includes accessing ChatGPT maker OpenAI's language model, training staff in AI capabilities
Allison Johnson / The Verge:
Lenovo announces the $699 Lenovo ThinkPhone by Motorola, with ThinkPad-compatible productivity features, available to enterprises now and unlocked on April 28  —  The Lenovo ThinkPhone by Motorola is available in the US starting today for $699, offering a suite of productivity features designed to work with ThinkPad laptops.
Damilare Dosunmu / Rest of World:
A look at the crypto hype waning in Africa, as consumer trust fades, regulators push back, startups shutter, and Web3 workers reconsider their careers after FTX  —  Trust is fading, startups are shutting down, and Web3 workers are reconsidering their career choices.  —  • LAGOS, NIGERIA
Madeline Ashby / Wired:
How Andy Warhol Foundation v. Goldsmith, a fair use case before SCOTUS, could impact how copyright law is applied to what AI tools can do with human-made works  —  The US Supreme Court's upcoming decision could shift the interpretation of fair use law—and all the people, and tools, that turn to it for protection.

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