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May 9, 2024, 1:30 PM
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Top News

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 …
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 credentials coalition  —  Social media companies under pressure to identify deepfakes and prevent spread of misinformation
Emily Chang / Bloomberg:
An interview with Sundar Pichai on playing the long game on AI, how Google got Gemini image generation 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 Tim Cook's potential successors; sources say hardware engineering chief John Ternus is the most likely successor, and Cook could stay on until 2027  —  John Ternus, the head of hardware engineering, is emerging as a potential successor to the CEO.
Chris Welch / The Verge:
Sonos responds to criticism of its app redesign, saying it takes “courage to rebuild” and that it's working to reintroduce missing features in the coming months  —  In the days since, customers have complained about missing features like sleep timers, broken local music library management …
Shahram Mokhtari / iFixit News:
Huawei Pura 70 Pro teardown: most of its chips are designed and manufactured in China, and the 7nm Kirin 9010 is only marginally better than the Kirin 9000S  —  Huawei released the Pura 70 line of smartphones in April 2024 and it's already made a bit of a stir.
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.

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From Mediagazer

Joe Flint / Wall Street Journal:
Sources: NBC's new deal with Macy's to keep the Thanksgiving Day Parade on NBC and Peacock has an average annual fee of $60M+, up from ~$20M in the current deal

Dominic Patten / Deadline:
Filing: Disney agrees to pay $43.25M to settle a 2019 lawsuit over pay equity for up to 14,000 female Disney employees; the trial was set to begin in May 2025

Carmen Reinicke / Bloomberg:
Conservative video streaming platform Rumble hires Guy Beahm, aka Dr Disrespect, to lead Rumble Gaming; RUM rises 13%+ to its highest level since May 2024

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
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

Earlier Picks

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
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
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
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