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Techmeme
May 28, 2024, 5:50 AM

Top News

xAI:
xAI raised a $6B Series B from Valor, Vy Capital, a16z, Sequoia, Saudi Arabia's Kingdom Holding, and others, Elon Musk says at an $18B pre-money valuation  —  xAI is pleased to announce our series B funding round of $6 billion.  —  xAI is pleased to announce...
Axios:
Mark Gurman / Bloomberg:
A closer look at Apple's AI strategy: Project Greymatter, local and cloud LLM data processing, Siri, sealing a chatbot partnership deal with OpenAI, and more  —  Though Apple's first set of modern AI features won't be as impressive as rival offerings, the company is betting that its massive customer base can give it an edge.
Michael Nuñez / VentureBeat:
Researchers find that GPT-4 can outperform human analysts in predicting the direction of future corporate earnings even when given only financial statements  —  Researchers from the University of Chicago have demonstrated that large language models (LLMs) can conduct financial statement analysis …
Zachary Small / New York Times:
Hacking group RansomHub claims to be behind the attack that hit Christie's, and threatens to release sensitive information about the auction house's clients  —  The hacking group RansomHub is threatening to release “sensitive personal information” about the auction house's clients.
Lulu Garcia-Navarro / New York Times:
Q&A with Netflix's Ted Sarandos on the state of Hollywood, shifting US tastes, programming strategy, ads, corporate activism, YouTube, live events, AI, and more  —  Devin Oktar Yalkin for The New York Times  —  If you're anything like me, you probably spent some large portion of this week sitting on your couch watching Netflix.
Washington Post:
A look at “prebunking”, or exposing people to low doses of misinformation with explanations to grow “mental antibodies” to disinformation, ahead of US elections  —  Election officials around the world are adopting “prebunking” campaigns, as AI and other threats jeopardize voting.
Reuters:
China set up a new ~$47.5B state-backed investment fund on May 24 as the third and largest phase of its Big Fund to boost the country's semiconductor industry  —  China has set up a new state-backed investment fund with registered capital of 344 billion yuan ($47.5 billion) to boost the country's semiconductor industry.
Shaurya Malwa / CoinDesk:
Defunct bitcoin exchange Mt. Gox, which collapsed in 2014, moves 140K bitcoin, worth ~$9B, to an unknown address, likely part of a plan to repay creditors  —  Nearly 107,000 bitcoin have been moved since early Asian hours on Tuesday, with bitcoin shedding 1.2% on expectations of selling pressure.
John Koblin / New York Times:
A look at the growing importance of ads for video streaming services, as Antenna says that 56% of new subscribers chose the cheaper ad-supported tier in Q1 2024  —  Ads are here, there — almost everywhere — on streaming services now.  —  Not long ago, streaming TV came with a promise …
Wall Street Journal:
An analysis of responses by ChatGPT, Claude, Copilot, Gemini, and Perplexity to some real-life questions and everyday tasks; Perplexity ranked first overall  —  We tested OpenAI's ChatGPT against Microsoft's Copilot and Google's Gemini, along with Perplexity and Anthropic's Claude.  Here's how they ranked.

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More News

Rita Liao / TechCrunch:
More: Tech in AsiaMastodon: @BrideOfLinux@mastodon …X: @emollickLinkedIn: Abhishek Sharma and Randy Wilkins
Louise Matsakis / Big Technology:

Earlier Picks

TIME:
Nikkei Asia:
Zack Whittaker / TechCrunch: