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May 9, 2023, 11:50 AM
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Zac Hall / 9to5Mac:
Apple announces Final Cut Pro and Logic Pro for iPad, available as subscriptions on May 23; Final Cut requires an M1 chip or newer and Logic needs A12 or newer  —  Mic drop moment for pro apps team at Apple this morning.  Apple just announced that Final Cut Pro and Logic Pro are officially and finally coming to iPad.
Jess Weatherbed / The Verge:
Microsoft opens the Microsoft 365 Copilot Early Access Program to 600 global customers, up from the initial 20, and adds new features, like a Semantic Index  —  Microsoft is expanding preview access to its Microsoft 365 Copilot, a digital assistant based on OpenAI's GPT-4 …
Bloomberg:
Nintendo expects to sell 15M Nintendo Switch consoles this fiscal year, below analyst estimates of 15.7M; the company sold 18M units in the year to March 2023  —  Nintendo Co. expects to sell 15 million units of its Switch console this fiscal year, showing the extent of the slowdown for its six-year-old flagship product.
Angus Loten / Wall Street Journal:
Wendy's partners with Google to automate its drive-through using an AI chatbot, rolling out in June to an Ohio restaurant; the bot has been programmed to upsell  —  The fast-food chain has customized a language model with terms like ‘JBC’ for junior bacon cheeseburger and ‘biggie bags’ for meal combos
Anna Nicolaou / Financial Times:
Source: Spotify removed ~7% of tracks uploaded by AI music startup Boomy, or “tens of thousands” of songs, over suspicion of bots posing as human listeners  —  Platform cracks down on bots posing as listeners as flood of content rattles music industry
Ryan Browne / CNBC:
Ripple CEO Brad Garlinghouse says the company will spend $200M fighting an SEC lawsuit accusing him, a co-founder, and Ripple of selling unregistered securities  —  - Ripple will have spent $200 million by the time its legal battle with the U.S. Securities and Exchange Commission is over, CEO Brad Garlinghouse said.
Nikhilesh De / CoinDesk:
US crypto exchange Bittrex files for bankruptcy, weeks after an SEC lawsuit; filing: Bittrex estimates both its liabilities and assets are between $500M and $1B
Ryan Browne / CNBC:
Coinbase CEO Brian Armstrong says the US SEC is on “a lone crusade”, rows back on his suggestion the company may leave the US, and expresses interest in the UAE
Andy Greenberg / Wired:
Inside Big Pipes, an FBI team with ~30 members responsible for three major cybercriminal takedowns, including dozens of illicit services, in the past five years  —  For a decade, a group called Big Pipes has worked behind the scenes with the FBI to target the worst cybercriminal “booter” services plaguing the internet.
Michael Wayland / CNBC:
General Motors hires former Apple VP Mike Abbott to lead a newly created software unit, starting May 22; Abbott was VP of Engineering for Apple's Cloud Services  —  - General Motors has hired former Apple executive Mike Abbott to lead a newly created software unit for the Detroit automaker.
Stephen Nellis / Reuters:
LinkedIn plans to cut 716 jobs and shutter InCareer, its local jobs app in China, by August 9, citing fierce competition and a challenging macroeconomic climate  —  LinkedIn, the social media network owned by Microsoft Corp (MSFT.O) that focuses on business professionals …
Nikhilesh De / CoinDesk:
Sam Bankman-Fried's lawyers file pretrial motions to dismiss most criminal charges against him, but not charges tied to securities fraud and money laundering  —  Bankman-Fried did not move to dismiss charges tied to securities fraud or money laundering.  —  FTX founder Sam Bankman-Fried …
Dan Goodin / Ars Technica:
Google's passkey offering is refined and comprehensive enough to recommend, but the ecosystem is incomplete, despite PayPal, Kayak, and others using passkeys  —  The passkey ecosystem is far from complete, but Google's implementation is now ready to use.  —  By now, you've likely heard …
Damilare Dosunmu / Rest of World:
African B2B e-commerce startups are scaling back operations and laying off staff; 28 of them raised $470M+ since 2008, of which 90% came between 2021 and 2022  —  Amid the global funding crunch, B2B startups are scaling back operations and laying off employees.  —  • LAGOS, NIGERIA

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From Mediagazer

Benjamin Mullin / New York Times:
Richard Parsons, who had a long career as chairman, CEO, and as a board member of media companies including CBS and Time Warner, died at 76 of bone cancer

Reuters:
Palestinian sources say an Israeli airstrike killed five journalists from Al-Quds Today; the Israeli military called the five “operatives posing as journalists”

Inside Radio:
iHeart reduces its total debt by over $440M and extends most of its debt maturities by three years, by using debt exchange transactions

More News

Lynn Doan / Bloomberg:
Nick Clegg reiterates that Meta will end news content in Canada if C-18 passes and says he pulled out of a committee hearing after a session title changed

Earlier Picks

Munsif Vengattil / Reuters:
Truecaller plans to make its caller ID service available globally over WhatsApp and other messaging apps later in May to help users spot potential spam calls
Jennifer Elias / CNBC:
Internal docs: Google plans to announce generative AI updates at Google I/O on May 10, including launching PaLM 2, a general-use LLM supporting 100+ languages
Isaiah Poritz / Bloomberg Law:
A US appeals court upholds a lower court's 2019 ruling rejecting Apple's claims that Corellium's CORSEC security tool for simulating iOS violated copyright law
David Pierce / The Verge:
How Google's attempt to create a better, faster mobile web for media companies with the AMP standard ended up ruining publishers' trust in the internet giant
Ingrid Lunden / TechCrunch:
Qualcomm acquires Israel-based Autotalks, a fabless chipmaker that improves safety in bikes, cars, and other vehicles, sources say for between $350M and $400M
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