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April 26, 2023, 5:30 PM
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| 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 …
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Antony Adler. Tweets:
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| 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.
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| 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 …
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About Amazon, Engadget, SiliconANGLE, GeekWire, The Information, PCMag, Reuters, TechCrunch, TechRadar, Android Central, AFTVnews, and CNBC
| 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.
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Decrypt, Bloomberg, PYMNTS.com, Coinspeaker, and CryptoSlate
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@flitteronfraud, @molly0xfff, @smdiehl, @silvermanjacob, and @bitfinexed
| Yueqi Yang / Bloomberg: |
| Tom Warren / The Verge: |
Some users say Microsoft Edge sends URLs of visited pages to the Bing API website; a developer says Edge's creator follow option, on by default, may be to blame — Microsoft's Edge browser appears to be sending URLs you visit to its Bing API website. … Microsoft tells The Verge it's investigating the reports.| 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
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PwC, VentureBeat, Unite.AI, SiliconANGLE, Forbes, and BigTechWire
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@gdb, @angusdav, @stshank, and @jeremydaltonxr
| Theo Wayt / The Information: |
Sources: Andy Jassy picks 14-year Amazon veteran Eric Rimling as his technical adviser, a coveted two-year position; Jassy was Bezos' adviser in the early 2000s — Amazon CEO Andy Jassy has picked Eric Rimling, a 14-year veteran of the company's fulfillment operation, as his new technical adviser … | 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.| Todd Spangler / Variety: |
Roku reports Q1 revenue up 1% YoY to $741M, platform revenue down 1% YoY to $635M, streaming hours up 20% YoY to 25.1B, and active accounts up 17% YoY to 71.6M — Users streamed a record high of 3.9 hours per active account per day during the quarter, company says| Yaling Jiang / Wired: |
Experts say that China's mostly government-led metaverse efforts are more about supporting the economy, health care, and industry than about consumer services — The government wants the metaverse to be less about having fun and shopping and more about health care and industry.| 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
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WeeTracker and The Overspill
| Nilay Patel / The Verge: |
Q&A with Lightspark CEO David Marcus on the current crypto winter, Lightning as a Layer 2 protocol, raising ~$175M, Libra, Nostr, Bitcoin, regulations, and more — Crypto has a lot of haters these days. The former Facebook exec is trying to prove them wrong with his Bitcoin startup.| Yuvraj Malik / Reuters: |
eBay reports Q1 revenue up 1% to $2.51B, vs. $2.48B est., gross merchandise volume down 5% YoY to $18.4B, and a Q2 revenue guidance above estimates — Ecommerce firm eBay Inc (EBAY.O) forecast second-quarter revenue above Wall Street estimates on Wednesday, on hopes that it would attract shoppers …
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Bloomberg, MarketWatch, and eBay Inc.
| Aisyah Llewellyn / Rest of World: |
TikTok Shop is thriving in Indonesia, TikTok's second-biggest market with an estimated 110M users; Data.ai: Shop Seller has had ~5.5M downloads in the country — TikTok Shop, the controversial app's ambitious next phase, has caught fire in Indonesia. “This is truly the year of TikTok,” says one seller.| Christine Hall / TechCrunch: |
Mexico-based Clara, which sells corporate spend management tools in Latin America, raised a $60M Series B+ led by GGV, after a $70M Series B in December 2021 — Clara, a Mexico-based spend management company, closed on $60 million in equity in a round led by GGV Capital.| New York Times: |
The US Commerce Department outlines plans to fund next-generation chips via its new National Semiconductor Technology Center; the CHIPS Act devoted $11B to R&D — The Biden administration announced its strategy for the National Semiconductor Technology Center, a string of facilities aimed at propelling U.S. innovation.| Josh Eidelson / Bloomberg: |
YouTube Music contractors from Cognizant vote to unionize with the Alphabet Workers Union; Alphabet is appealing a ruling that Google is their joint employer — The majority of a group of YouTube contract staff in Texas have voted to unionize in a labor victory that could force parent company Alphabet Inc … | 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.
Tweets:
@immalgonquin, @touradjebrahimi, @marcusfernandez, @eff, @dcnorg, and @bruceqburke
Sponsor Posts
Meta:
Open Source AI: Available to all, not just the few — Meta's open source AI enables small businesses, start-ups, students, researchers and more to download and build with our models at no cost.
Open Source AI: Available to all, not just the few — Meta's open source AI enables small businesses, start-ups, students, researchers and more to download and build with our models at no cost.
Tribe AI:
Build AI products that matter — Tribe AI helps organizations rapidly deploy AI solutions that have real business impact. We bring together world class AI talent and tooling to drive differentiated results.
Build AI products that matter — Tribe AI helps organizations rapidly deploy AI solutions that have real business impact. We bring together world class AI talent and tooling to drive differentiated results.
Zoho:
5 common accounting mistakes — This is a guest post by Yaali Bizappln Solutions. A lot of businesses manage their customers and finances on separate platforms. This disconnect often leads to missed invoices …
5 common accounting mistakes — This is a guest post by Yaali Bizappln Solutions. A lot of businesses manage their customers and finances on separate platforms. This disconnect often leads to missed invoices …
Hamming:
Make AI Voice Agents trustworthy — Hamming AI automatically tests AI voice agents and continuously monitors them in production.
Make AI Voice Agents trustworthy — Hamming AI automatically tests AI voice agents and continuously monitors them in production.Who's Hiring In Tech?
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