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Techmeme
June 5, 2024, 9:15 PM
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Top News

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.
David Pierce / The Verge:
Carl Pei says smartphones will be the main AI form factor of the future, but the UX needs to be redefined, and Phone (3) will be Nothing's first true AI phone  —  Nothing CEO Carl Pei just published a video in which he makes two big claims: that smartphones are in fact the AI gadget of the future …
Jenny Gross / New York Times:
Several hospitals in London face major disruptions after a June 3 ransomware attack on Synnovis, which provides lab services for the UK's NHS  —  A system used by several major London hospitals was targeted in a ransomware cyberattack, forcing the cancellation of services and the diversion of patients.
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.
Mishaal Rahman / Android Authority:
In a UK compliance statement, Apple revealed that the iPhone 15 Pro Max will receive security updates for a minimum of five years from September 2023  —  Apple will support the latest iPhones for at least five years, less than the seven years guaranteed by Samsung and Google.  —  •  —  TL;DR
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
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.
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 …
Kyle Wiggers / TechCrunch:
Stability AI releases Stable Audio Open, a text-to-audio model that generates up to 47 seconds of samples and sound effects, prohibited for commercial use  —  Stability AI, the startup behind the AI-powered art generator Stable Diffusion, has released an open AI model for generating sounds …
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
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.
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
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 …
Joanna Stern / Wall Street Journal:
Apple plans to fix another Screen Time bug that lets kids circumvent parental controls; two researchers say they reported the bug to Apple twice in 2021  —  Apple's Screen Time continues to be marred by bugs that let its youngest users circumvent parental controls
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” …
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 …
Kevin Roose / New York Times:
Current and former OpenAI and Google DeepMind staff sign an open letter warning of a culture of recklessness and secrecy at “frontier AI companies”  —  Daniel Kokotajlo, a former researcher in OpenAI's governance division, is an organizer of a group of former and current employees …
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

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 9:15 PM ET, June 5, 2024.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

From Mediagazer

Katie Deighton / Wall Street Journal:
WME is selling sports marketing agency 160over90 to Publicis Groupe for, sources say, $500M+; WME bought the agency in 2018 for about $200M

Charlotte Tobitt / Press Gazette:
An interview with WSJ EIC Emma Tucker on increasing digital-only subscriptions by 30% to 4.29M since 2023, culture change, events, print, AI tools, and more

Reuters:
Australia says it will ban gambling ads featuring celebrities and limit online gambling ads to logged-in users over 18 starting in 2027

More News

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
Yogita Khatri / The Block:
M^0, a decentralized stablecoin minting protocol, raised a $35M Series A led by Bain Capital Crypto; the round was structured as equity plus tokens

Earlier Picks

Olivia Solon / Bloomberg:
How Uganda's government under President Yoweri Museveni has increasingly used the country's biometric identity system to target opponents and consolidate power
Joseph Cox / Wired:
An excerpt from the book Dark Wire, which details how the biggest FBI sting operation ran the Anøm encrypted phone company to surveil criminals in Europe
Tim Bradshaw / Financial Times:
A profile of cloud GPU provider CoreWeave, which plans to spend $2.2B to build three European data centers in 2024 and repurpose some Core Scientific facilities
Simon Sharwood / The Register:
Australia's eSafety commissioner ends the legal action asking X to remove a video of a clergyman's stabbing; Musk labeled the action an assault on free speech
Jordan Novet / CNBC:
Databricks plans to acquire Tabular, a data management startup that helps companies optimize data stored in the Apache Iceberg format and others, for $1B+
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