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April 25, 2024, 4:10 PM
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Cecilia Kang / New York Times:
The FCC votes 3-2 to reinstate the US' net neutrality rules, expanding government oversight of ISPs and aiming to protect consumer access to the internet  —  Commissioners voted along party lines to revive the rules that declare broadband as a utility-like service that could be regulated like phones and water.
The Information:
Sources: ByteDance is exploring scenarios for selling a majority stake in TikTok US, preferably to a non-tech company, and without the recommendation algorithm  —  ByteDance is internally exploring scenarios for selling a majority stake in TikTok's U.S. business, preferably to companies outside …
Reuters:
Sources: ByteDance prefers a TikTok shutdown in the US rather than a sale if legal options fail, deeming TikTok's algorithm as core to overall ByteDance systems  —  TikTok owner ByteDance would prefer shutting down its loss-making app rather than sell it if the Chinese company exhausts …
Wall Street Journal:
Sources: ByteDance executives have previously considered TikTok's global operations to be worth ~50% of the Chinese company's overall value, or above $100B
Tom Warren / The Verge:
Sources: Microsoft is prioritizing security over new features to win back consumer trust, as it scrambles to respond to new attacks from Russia-linked hackers  —  The world's largest tech company has a security problem.  A series of high-profile security incidents have rocked Microsoft …
Ivan Mehta / TechCrunch:
Threads expands Hidden Words to let users filter out words, phrases, or emoji, and tests the option to mute notifications and ways to select who can quote posts  —  Threads and Instagram head Adam Mosseri announced today that Threads is launching a new feature that lets users filter out words and phrases from their feeds and mentions.
Abner Li / 9to5Google:
Google Meet rolls out an update to let users seamlessly transfer calls between devices “without hanging up and rejoining” via its Android, iOS, and web apps  —  Let's say you start a call on your phone because you're not at your desk yet.  Once you get to a computer …
Alex Heath / The Verge:
Mark Zuckerberg says “tens of millions of people” have “tried” Meta AI but making money from generative AI in Meta's apps is likely going to take several years  —  The generative AI gold rush is underway — just don't expect it to create profits anytime soon.
Karissa Bell / Engadget:
On Meta's Q1 earnings call, Mark Zuckerberg said that Threads now has more than 150M MAUs, up from more than 130M in February 2024
Ashley Capoot / CNBC:
Meta's stock drops 10%+ on weak Q2 revenue guidance and increasing FY 2024 capital expenditures from $30B-$37B to $35B-$40B due to AI infrastructure investments
Cheng Ting-Fang / Nikkei Asia:
TSMC unveils A16, chip manufacturing tech featuring nanosheet transistors with “backside power rails” meant for producing its ultra-advanced 1.6nm chips by 2026  —  Taiwan chip titan aims to secure leading position and capture AI demand  —  TAIPEI — Taiwan Semiconductor Manufacturing Co …
Melissa Heikkilä / MIT Technology Review:
A look at AI video startup Synthesia, whose avatars are more human-like and expressive than predecessors, raising concerns over the consequences of realistic AI  —  I'm stressed and running late, because what do you wear for the rest of eternity?  —  This makes it sound like I'm dying, but it's the opposite.
Ingrid Lunden / TechCrunch:
Stripe will let customers accept crypto payments, starting with USDC on Solana, Ethereum, and Polygon, the first time it has taken crypto payments since 2018  —  Stripe, the fintech giant, continues to inch its way back into the cryptocurrency market.  On Thursday the company announced …
Andy Chalk / PC Gamer:
Garry's Mod is removing “all Nintendo related stuff” from its Steam Workshop, covering “20 years of uploads”, after receiving a takedown request from Nintendo  —  Fans aren't happy, as you can imagine.  —  Following a takedown request issued by Nintendo …
Shubham Sharma / VentureBeat:
Snowflake launches Arctic, an LLM optimized for enterprise tasks such as SQL generation, coding, and instruction following, under an Apache 2.0 license  —  Today, Snowflake announced the launch of Arctic, a large language model (LLM) optimized for complex enterprise workloads such as SQL generation …
Ben Glickman / Wall Street Journal:
The US awards Micron up to $6.1B under the CHIPS Act, to back an up to $125B investment to build a megafab in New York and a fab in Idaho over the next 20 years  —  Micron Technology MU -.60%decrease; red down pointing triangle is receiving up to $6.1 billion from the federal government …
CNBC:
Cloud data management startup Rubrik opens up 20% at $38.60 per share in its NYSE debut, after raising $752M at a $5.6B valuation  —  Bipul Sinha, CEO, Chairman & Co-Founder of Rubrik Inc., the Microsoft backed cybersecurity software startup, rings the opening bell during his company's IPO …
CNBC:
Cloud data management startup Rubrik priced its NYSE IPO at $32 per share, above its expected $28 to $31 range, raising $752M and valuing the company at $5.6B
Alphabet:
Alphabet Announces First Quarter 2024 Results  —  Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter ended March 31, 2024.  Sundar Pichai, CEO, said: “Our results in the first quarter reflect strong performance from Search, YouTube and Cloud.
Microsoft:
Microsoft Q3: revenue up 17% YoY to $61.9B, net income up 20% to $21.9B, Office Commercial revenue up 13%, LinkedIn revenue up 10%; stock is up 5% after hours  —  Microsoft Cloud Strength Fuels Third Quarter Results REDMOND, Wash. — April 25, 2024 — Microsoft Corp. today announced …
Toby Sterling / Reuters:
As ASML shareholders approve Christophe Fouquet as CEO, he faces a tricky balancing act to guide ASML, Europe's largest tech firm, through the US-China chip war  —  ASML's (ASML.AS) new boss Christophe Fouquet faces a tricky balancing act in helping to steer Europe's biggest tech company through the US/China …

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This is a Techmeme archive page. It shows how the site appeared at 4:10 PM ET, April 25, 2024.

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From Mediagazer

Katie Robertson / New York Times:
The NYT reports adding 260K digital subscribers in Q3, for 11.9M in total, with digital ad revenue up 8.8% YoY to $81.6M, and The Athletic had its first profit

Joshua Benton / Nieman Lab:
Around 75% of the largest US newspapers aren't endorsing anyone for president this year, as publishers try not to annoy any sliver of their remaining customers

Alex Weprin / The Hollywood Reporter:
Source: NBC gave the Trump campaign free commercial time in response to Harris' SNL appearance, including an unusual ad during Sunday's NASCAR coverage

More News

Earlier Picks

David Pierce / The Verge:
Hands-on with the Rabbit R1: a fun and funky AI device that feels pretty nice and does a solid job with basic AI questions, but the Rabbithole app is unfinished
Kyle Wiggers / TechCrunch:
AI coding assistant startup Augment emerges from stealth with a $227M Series B at a $977M post-money valuation, following a $25M Series A led by Sutter Hill
Ben Glickman / Wall Street Journal:
IBM agrees to acquire HashiCorp, which helps companies manage cloud infrastructure, in a deal valuing HashiCorp at $6.4B and set to close by the end of 2024
Andy Greenberg / Wired:
Cisco details a hacking campaign that penetrated multiple governments' networks using two zero-day flaws in its VPN and firewall Adaptive Security Appliances
Bob Van Voris / Bloomberg:
US prosecutors charge two founders of Samourai Wallet, saying the crypto mixing service facilitated more than $100M in “money laundering and sanctions evasion”
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