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May 9, 2024, 11:55 AM
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Jason Schreier / Bloomberg:
Sources: after closing several video game studios, Microsoft plans more cuts, as the massive Activision acquisition has ramped up scrutiny on the Xbox division  —  Xbox is offering voluntary severance agreements to producers, quality assurance testers and other staff at ZeniMax as part of a broader cost-cutting initiative
Ash Parrish / The Verge:
Town hall: Xbox Game Studios head Matt Booty discussed wanting small and prestigious games, after closing the studio behind small, prestigious hit Hi-Fi Rush  —  Today, one day after Microsoft announced that it would shut down four of its games studios, Matt Booty, head of Xbox Game Studios …
Wall Street Journal:
Binance sources and docs: an internal investigator, dismissed in late 2023, found evidence of secret internal trading accounts and DWF Labs' market manipulation  —  Former company insiders say the firing of an internal investigator showed that the crypto exchange neglected evidence of market manipulation.
Wall Street Journal:
In a blog post, Neuralink details a problem with its implant in patient Noland Arbaugh's brain that reduced data collection after the implant's threads came out  —  Amount of data captured from the device declined, although the patient and the Elon Musk-owned company still staged a successful demonstration
Dan Milmo / The Guardian:
As part of its Model Spec release, OpenAI says it is considering letting developers and users “responsibly” generate “NSFW content in age-appropriate contexts”  —  Critics say ChatGPT creator's proposal to allow erotica, slurs and other adult content undermines its mission statement
Carl Franzen / VentureBeat:
OpenAI publishes Model Spec, which specifies how its AI models should act, including objectives, rules, and default behaviors, and asks the public for feedback  —  OpenAI isn't done trying to live up to the “open” in its name.  —  While not making any of its new models open source …
Lawrence Abrams / BleepingComputer:
Dell warns customers of a data breach after a threat actor claimed to have stolen data for ~49M customers, but says financial and payment data was not stolen  —  Dell is warning customers of a data breach, after a threat actor claimed to have stolen information for approximately 49 million customers.
More: TechCrunch.  Forums: r/Dell and Slashdot
Bloomberg:
Sources: Alphabet has been progressing in talks to acquire marketing software provider HubSpot and has discussed terms; HubSpot has a $30B market cap  —  Alphabet has discussed terms of a potential deal with HubSpot, said the people, who asked not to be identified because the information is private.
More: Benzinga
Emily Chang / Bloomberg:
An interview with Sundar Pichai on playing the long game on AI, how Gemini image generation “got it wrong”, AI search, the US DOJ lawsuits, layoffs, and more  —  In this episode of The Circuit with Emily Chang, the Alphabet CEO explains how he's in it for the long haul—and won't dance to anyone else's tune.
Mark Gurman / Bloomberg:
A look at potential successors to Tim Cook; sources say Apple's hardware engineering chief John Ternus is the most likely long-term successor  —  John Ternus, the head of hardware engineering, is emerging as a potential successor to the CEO.  —  Tim Cook has transformed Apple Inc. since taking …
Shahram Mokhtari / iFixit News:
Huawei Pura 70 Pro teardown: the 7nm Kirin 9010 is only marginally better than Kirin 9000S, and the majority of the chips are designed and manufactured in China  —  Huawei released the Pura 70 line of smartphones in April 2024 and it's already made a bit of a stir.
Financial Times:
TikTok plans to start automatically labeling some AI content, including from Dall-E and Adobe's Firefly, and joins the Adobe-led content credential coalition  —  Social media companies under pressure to identify deepfakes and prevent spread of misinformation
Pratik Jain / Reuters:
US hospital operator Ascension reports disruptions to its clinical operations due to a suspected cybersecurity incident and engages Mandiant to help investigate  —  Hospital operator Ascension reported disruptions to its clinical operations on Wednesday due to a suspected cybersecurity incident …
Dade Hayes / Deadline:
Disney and WBD announce a streaming bundle of Disney+, Hulu, and Max, with ad-supported and ad-free plans, beginning this summer in the US, with pricing to come  —  Disney and Warner Bros. Discovery are breaking ground in streaming with a bundled offering featuring Disney+, Hulu and Max in a single package.
Jesse Pound / CNBC:
Robinhood reports Q1 revenue up 40% YoY to $618M, vs. $549M est., crypto transaction revenue up 232% to $126M, and a $157M net income, vs. a $511M net loss YoY  —  Shares of Robinhood rose in extended trading Wednesday afternoon after the retail brokerage announced stronger-than-expected first-quarter results.
Chris Welch / The Verge:
Sonos responds to criticism of its app redesign, saying it takes “courage to rebuild” a product from the ground up and it plans to reintroduce missing features  —  In the days since, customers have complained about missing features like sleep timers, broken local music library management …
Dallin Grimm / Tom's Hardware:
A Stack Overflow user says the site suspended his account for a week after he altered his posts in protest of its OpenAI partnership to use data for AI training  —  Stack Overflow is overflowing with salt.  —  Stack Overflow, a legendary internet forum for programmers and developers …

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From Mediagazer

Anna Betts / The Guardian:
A judge orders an evidentiary hearing for next week to determine whether the Infowars auction was conducted fairly

Michael Gold / New York Times:
President-elect Donald Trump announces he has chosen Karoline Leavitt, who served as his campaign's press secretary, to be his White House press secretary

Matthew Keys / The Desk:
Prime Video users will be able to watch local PBS stations and PBS Kids for free in coming months, and two new free PBS channels with ads starting November 26

More News

Zaheer Kachwala / Reuters:
Roblox reports Q1 revenue up 22% YoY to $801M, bookings up 19% YoY to $923M, DAUs up 17% YoY to 77.7M, and cuts its full-year bookings forecast; RBLX drops 30%
Financial Times:
Baidu VP Qu Jing posted several videos on Douyin demeaning staff, intended to promote Baidu, that reignited criticism of Chinese tech companies' work culture
Nicholas Yong / Rest of World:
Some Singaporean writers resist the government's request to use their works to train a multilingual LLM, citing little clarity on compensation and other issues

Earlier Picks

James Thomason / VentureBeat:
RunPod, which offers a globally distributed GPU cloud platform for developing and deploying AI, raised a $20M seed co-led by Intel Capital and Dell Technologies
Ashley Capoot / CNBC:
Airbnb reports Q1 revenue up 18% YoY to $2.14B, vs. $2.06B est., Nights and Experiences Booked up 9.5% YoY, and Q2 guidance below est.; ABNB drops 8%+
Reuters:
Arm reports Q4 revenue up 47% YoY to $928M, vs. $875.6M est., royalty revenue up 37% YoY, and forecasts FY 2025 revenue below est.; ARM drops 9%+
BBC:
Ofcom proposes new rules requiring tech companies to change their algorithms to hide “toxic” material from children, have more robust age checks, and more
Maggie Harrison / Futurism:
An investigation into AdVon, the company behind Sports Illustrated's fake writers, finds its AI content and fake authors at the LA Times, Miami Herald, and more
Michael Peel / Financial Times:
Google DeepMind and Isomorphic Labs detail AlphaFold 3, an AI model to predict interactions and structures of proteins, DNA, RNA, more, beating many top methods
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