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May 28, 2024, 3:45 PM
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Top News

Cade Metz / New York Times:
OpenAI creates a Safety and Security Committee to explore AI risks and begins training its new flagship AI model, which won't arrive for at least nine months  —  The advanced A.I. system would succeed GPT-4, which powers ChatGPT.  The company has also created a new safety committee to address A.I.'s risks.
CNBC:
T-Mobile plans to acquire most of UScellular, including its stores, some of its spectrum assets, and its customers, in a $4.4B deal, including up to $2B of debt  —  Shares of U.S. Cellular popped nearly 6% Tuesday after T-Mobile announced that it plans to acquire most of the company …
Ivan Mehta / TechCrunch:
Google unveils new AI features for Chromebook Plus devices, including Gemini, and says new Chromebook Plus owners will get a free year of Google One AI Premium  —  Google announced new AI-powered features today for its Chromebook Plus line of devices, such as a writing assistant …
Tom Warren / The Verge:
Microsoft confirms Call of Duty: Black Ops 6 will be available day one on Xbox Game Pass and PC Game Pass; Activision typically sells 20M+ copies of a COD game  —  “We're excited to confirm that Game Pass members will be able to jump into Call of Duty: Black Ops 6 on day one with Game Pass …
Kyle Wiggers / TechCrunch:
Anthropic hires former OpenAI safety lead Jan Leike to head up a new “superalignment” team  —  Jan Leike, a leading AI researcher who earlier this month resigned from OpenAI before publicly criticizing the company's approach to AI safety, has joined OpenAI rival Anthropic to lead a new “superalignment” team.
Maxwell Zeff / Gizmodo:
In a spat on X, Meta's Chief AI Scientist Yann LeCun calls out Elon Musk for saying xAI will pursue “truth” as Musk spreads “crazy-ass conspiracy theories” on X  —  Yann LeCun and Elon Musk got into it on X this weekend, exposing key disagreements on AI risks dividing the tech world.
Axios:
Elon Musk says all of the $6B in xAI's Series B is new money, rather than shares “given” to investors in his Twitter takeover; some investors also backed OpenAI
Sarah Wynn / The Block:
A US judge sentences former FTX executive Ryan Salame to 7.5 years after he pled guilty to criminal charges over political contributions and more in 2023  —  - Former FTX executive Ryan Salame was sentenced to seven and a half years in prison after pleading guilty to criminal charges last year.
Patrick Coffee / Wall Street Journal:
PayPal plans to build an ad sales business around data generated from its users' spending behaviors, and hires ex-Uber ad boss Mark Grether as its SVP of Ads  —  Payments company hires Uber's former head of advertising to run a new ad division  —  PayPal hopes to boost its growth by starting …
Shaurya Malwa / CoinDesk:
Defunct bitcoin exchange Mt. Gox, which collapsed in 2014, moves 140K+ bitcoin, worth ~$9B, to an unknown address, likely as 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.
Yuan Gao / Bloomberg:
Chinese government data: foreign-branded smartphone shipments, most of which are iPhones, rose 52% YoY to ~3.5M in April, after stabilizing in March 2024  —  - Official data for April showed Chinese mobile demand returning  — The iPhone's bad start to the year prompted retail price cuts

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From Mediagazer

Wall Street Journal:
WBD adds Anton Levy, former co-president of PE firm General Atlantic, to its board, a source says due to pressure from activist shareholder Sessa Capital

Megan Graham / Wall Street Journal:
Yahoo hires Josh Line, who was most recently Paramount Global's chief brand officer, as its CMO to revive its brand as “one of the OGs of the internet”

Bailey Lipschultz / Bloomberg:
Newsmax shares jumped as much as 667% in their NYSE debut after raising $75M in its IPO

More News

Earlier Picks

Washington Post:
A look at “prebunking”, or exposing people to low doses of misinformation with explanations to develop “mental antibodies” to disinformation, ahead of elections
Zachary Small / New York Times:
Hacking group RansomHub claims to be behind the cyberattack that hit Christie's and threatens to release sensitive information about the auction house's clients
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