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June 5, 2024, 6:05 PM
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| Kif Leswing / CNBC: |
Nvidia hits a $3T market cap and passes Apple as the second most valuable public US company, behind Microsoft — Nvidia passed Apple in market cap on Wednesday as investors continue betting on the chipmaker behind the artificial intelligence boom. It is now the second-most valuable public company, behind Microsoft.
More: Reuters, PYMNTS.com, Thurrott, The Information, MacRumors, The Verge, Financial Times, Reuters, Neowin, Forbes, CTV News, BBC, Life Style Extra, Benzinga, Quartz, Proactive, Spyglass, Barron's Online, MarketWatch, Wall Street Journal, Philip Elmer‑DeWitt, Forbes, BusinessLIVE, Anadolu Ajansı …, Business Insider, CoinGape, Yahoo Finance, The Motley Fool, Forexlive, Watcher Guru, Investopedia, Finbold, Investing.com, and MacDailyNews
X: @elonmusk, @zerohedge, @apompliano, @thestalwart, @packym, @jessefelder, @jonahlupton, @jimcramer, @morningbrew, @trungtphan, @carnage4life, and @greg16676935420. Forums: r/StockMarket
| Kurt Wagner / Bloomberg: |
The Greater Memphis Chamber says xAI plans to develop a new facility in Memphis to house a supercomputer and could receive tax breaks and other incentives — - Startup could receive tax breaks and other business incentives — New facility would come on the heels of $6 billion fundraising| Wes Davis / The Verge: |
Humane tells Ai Pin owners that they should “immediately” stop using the charging case, citing issues with a battery cell that “may pose a fire safety risk” — Humane is telling AI Pin owners today that they should “immediately” stop using the charging case that came with its AI gadget.
More: MacRumors, Engadget, and TechCrunch
Threads: @stephenrobles, @mergesort, @crumbler, and @quillmatiq
| Mark Gurman / Bloomberg: |
A look at Apple's OpenAI deal before WWDC; sources say Apple plans to offer AI features as an opt-in service, and is working on two LLM-powered robotic devices — An OpenAI agreement is due to be announced at the Apple's developer conference next week. — When a 23-year-old Sam Altman took …
More: Thurrott, CNET, MacRumors, 9to5Mac, SiliconANGLE, Trusted Reviews, Wccftech, Agence France-Presse, Macworld, Tom's Guide, MobileSyrup, Sherwood News, iPhone in Canada Blog, Cult of Mac, iMore, iThinkDifferent, Gizmodo, TechRadar, Mashable, iDownloadBlog.com, BGR, Business Insider, iClarified, Patently Apple, Quartz, AppleInsider, and MacDailyNews
Forums: r/apple and MacRumors Forums
| Bloomberg: |
How a series of hacks, including a recent ransomware attack, show the challenges facing the UK's NHS, which employs 1.7M workers and cares for 68M UK residents — - Health care is the most-targeted industry for cyber extortion — Latest attack targeted a “life-critical” supplier to UK's NHS
More: NHS England, Synnovis, BBC, The Guardian, The Record, Metro.co.uk, england.nhs.uk, CNN, The Guardian, CSO, Sky News, London Evening Standard, The Independent, Daily Mail, The Sun, ComputerWeekly.com, Associated Press, Silicon Republic, TechSpot, The Stack, Dark Reading, and BleepingComputer
Mastodon: @campuscodi@mastodon.social and @GossiTheDog@cyberplace.social
| Paul Sawers / TechCrunch: |
SAP plans to acquire Tel Aviv-based WalkMe, which helps users navigate other software UIs, for $1.5B in cash; WalkMe had raised ~$300M before its June 2021 IPO — Enterprise software giant SAP is acquiring “digital adoption” platform provider WalkMe in an all-cash transaction worth $1.5 billion.| Tom Warren / The Verge: |
Google is acquiring software virtualization company Cameyo to deeply integrate virtualized Windows app support into ChromeOS, after a partnership in April 2023 — Google is acquiring software virtualization company Cameyo in a push to deeply integrate virtualized Windows app support into ChromeOS.
More: Google Cloud Blog, Android Authority, New.blicio.us, Thurrott, BetaNews, iPhone in Canada Blog, 9to5Google, Chrome Unboxed, and SiliconANGLE
X: @tomwarren and @samhouston
LinkedIn: Eric Johnson, Robb Henshaw, Shane Harris, John Maletis, and Andrew Miller
| Bloomberg: |
NXP and TSMC-backed Vanguard plan to build a $7.8B plant in Singapore, aiming to begin construction in H2 2024 and production in 2027; Vanguard will own 60% — - New facility begins construction in second half of 2024 — Region poised to benefit from drive to diversify from China
More: Wall Street Journal, Benzinga, TechPowerUp, NXP Semiconductors, TNW, Tech in Asia, Reuters, eeNews Europe, and Nikkei Asia
| Will Shanklin / Engadget: |
Twitch says its Twitch Tier 1 subscriptions in the US will increase from $4.99 per month to $5.99 per month on July 11, the first price hike for US subscribers — Monthly Tier 1 memberships will go up by $1 in July. — Twitch is joining Spotify, Max, Peacock, Crunchyroll … | Sage D. Young / Unchained: |
Coinbase launches its smart wallet, which uses passkeys instead of seed phrases and works without app or extension installs, in a move to simplify onboarding — The launch of Coinbase's smart wallets, which don't require seed phrases or the downloading of a browser extension or an application …
More: Coinbase, Decrypt, CoinJournal, Cointelegraph, The Crypto Times, NFTgators, CryptoGlobe, Watcher Guru, CoinGape, and The Block
| Cagan Koc / Bloomberg: |
ASML CFO Roger Dassen told analysts that TSMC and Intel will get its €350M high-NA EUV machines by the end of 2024; the machines can print 8nm lines on chips — - TSMC has previously said ASML's new machine is too expensive — Intel has already received its first high-NA EUV machine| Nduka Orjinmo / Bloomberg: |
In a letter, 16 Republican lawmakers accused Nigeria of taking Binance executive Tigran Gambaryan “hostage” and urged President Biden to help secure his release — - Tigran Gambaryan was detained on a trip to Nigeria in February — Binance, Gambaryan face charges including aiding tax evasion
More: CoinDesk, Blockworks, PYMNTS.com, Coinspeaker, Decrypt, The Block, CoinGape, crypto.news, CryptoSlate, Cryptonews, and The Crypto Times
X: @eleanorterrett, @bitfinexed, and @a_greenberg
| Joanna Stern / Wall Street Journal: |
Apple plans to fix another Screen Time bug that lets kids visit X-rated websites; two researchers say they reported the bug to Apple in March and August 2021 — Apple's Screen Time continues to be marred by bugs that let its youngest users circumvent parental controls
More: 9to5Mac, iThinkDifferent, Gizchina, mjtsai.com, BGR, The Verge, iPhone in Canada Blog, Dexerto, PhoneArena, AppleInsider, MSPoweruser, and Six Colors
X: @joannastern, @joannastern, @joannastern, and @catherine_lucey
| Reuters: |
Duolingo deletes LGBTQ+ references in Russia after being warned by the country's communications regulator that the content is classed as “extremism” — Language learning app Duolingo (DUOL.O) has deleted references in Russia to what Moscow calls “non-traditional sexual relations” …
More: Meduza.io, The Independent, PinkNews, The Times, The Times, The Moscow Times, and Context
| Upmanyu Trivedi / Bloomberg: |
The UK's Competition Appeal Tribunal rules that a class action lawsuit against Google over allegations the company abused its digital ad dominance can proceed — London judges ruled a class action lawsuit to proceed against Google potentially seeking billions of pounds in damages over allegations … | Ryan Weeks / Bloomberg: |
Paxos International, a UAE-based affiliate of Paxos, launches Lift Dollar, or USDL, a stablecoin pegged to the US dollar that will pay a ~5% yield to holders — - The Lift Dollar is issued by new affiliate Paxos International — USDL will pay a yield to holders equal to about 5% per annum
More: CoinDesk, Paxos, Cointelegraph, The Crypto Times, Paxos, liftdollar.com, The Block, CoinJournal, Crypto Briefing, and CoinGape
X: @rajparekh_, @liftdollar_usdl, @paxos, and @paxos
| Kyle Wiggers / TechCrunch: |
Wix unveils an AI-powered app builder that creates iOS and Android apps from descriptions provided by users in a chat, coming to its $99/month Branded App plan — Wix, the platform known chiefly for its web design tools, is launching a generative AI feature that'll let customers create … | Simon Sharwood / The Register: |
Australia's eSafety commissioner ends the legal action asking X to remove a video of a clergyman's stabbing; Musk labelled the action an assault on free speech — Australia's eSafety commissioner has ended legal action that aimed to compel social network X to take down a video depicting … | Shakeel Hashim / Transformer: |
Former OpenAI researcher Leopold Aschenbrenner says he was fired in April 2024 for writing a memo to the board over concerns about OpenAI's security practices — Leopold Aschenbrenner also said he was interrogated about his team's “loyalty to the company” — Leopold Aschenbrenner …
More: Dwarkesh Patel on YouTube, WinBuzzer, Cointelegraph, MEDIANAMA, The Information, Dwarkesh Podcast, and Dwarkesh Podcast
X: @carnage4life, @shakeelhashim, @shakeelhashim, @shakeelhashim, @krishnanrohit, @leopoldasch, and @garrytan. Forums: r/singularity. Thanks:@shakeelhashim
| Kevin Roose / New York Times: |
More: Right to Warn, Wired, Ars Technica, TIME, Semafor, Platformer, Laptop Mag, GIGAZINE, The Independent, Windows Central, Ben's Bites, Silicon Republic, Dexerto, Maginative, TechCrunch, The Rundown AI, Business Insider, The Sun, Mashable, CryptoSlate, The Register, The Information, Agence France-Presse, Washington Post, Verdict, The Drum, The Crypto Times, Proactiveinvestors UK, Benzinga, Daily Sabah, COMPUTEX TAIPEI on YouTube, and Marcus on AI
X: @dwarkesh_sp, @jachiam0, @jacobhhilton, @robbensinger, @tolgabilge_, @neelnanda5, @labenz, @andrewcurran_, @stefanfschubert, @jacobhhilton, @d_m_ziegler, @d_m_ziegler, @neelnanda5, @jachiam0, @dkokotajlo67142, @dkokotajlo67142, @dkokotajlo67142, @dkokotajlo67142, @dkokotajlo67142, @dkokotajlo67142, and @kevinroose
LinkedIn: Eric Pol, Jerry Crisci, Karl Haller, and Matthew Small
Forums: r/singularity, r/samharris, r/technology, r/technews, and r/artificial
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