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June 26, 2023, 12:12 PM
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| Wall Street Journal: |
Databricks agrees to acquire generative AI startup MosaicML in a ~$1.3B deal closing in Q2; MosaicML launched in 2021, raised $64M, and has 62 employees — The deal aims at connecting businesses' data with services to help them build their own, cheaper language models, Databricks CEO says| The Verge: |
A survey of 2,000+ US adults finds 57% know of ChatGPT, 46% for Bing Chat, 45% for My AI, and 38% for Bard; only ~33% have used the tools, with Gen Z dominating — We polled 2,000 people about how they're using AI, what they want it to do, and what scares them about it the most.| Alison Sider / Wall Street Journal: |
Pete Buttigieg warns of possible air travel disruption ahead of a July 1 cutoff for airlines to retrofit equipment to avoid 5G interference or face restrictions — Airlines have until July 1 to update equipment or face restrictions on landing in poor visibility conditions| Wall Street Journal: |
A look at Harry and Meghan's Hollywood flop in streaming's era of slower growth; sources: Netflix is unlikely to renew their $100M deal, which runs through 2025 — They arrived three years ago with royal star power amid a streaming boom, but have notched more cancellations and rejections than produced shows| Ingrid Lunden / TechCrunch: |
IBM plans to acquire cloud IT management startup Apptio for $4.6B in cash from Vista Equity Partners, which paid $1.94B to take Apptio private in 2018 — As cloud architecture continues to more ubiquitous among organizations, increasingly what is more apparent is that many organizations … | Jaspreet Singh / Reuters: |
US-based chipmaker Wolfspeed says a group led by Apollo plans to make a $1.25B debt investment, with room for an additional $750M, to support a US expansion — Wolfspeed (WOLF.N) said on Monday that a group led by Apollo Global Management (APO.N) would make a debt investment of $1.25 billion …
More: Bloomberg, Wolfspeed, The Information, and MarketWatch
| Jay Peters / The Verge: |
Meta announces Quest Plus, a subscription for VR games where users “get two titles every month” for $7.99/month or $59.99/year, for Quest 2 and Quest Pro — Meta CEO Mark Zuckerberg just announced Quest Plus, the company's new “virtual reality subscription” that gives users access to … | Yuval Mann / Ynetnews: |
An interview with early Waze investors Yahal Zilka and Ehud Levy on why they invested, the impact of Google's acquisition on Israel's tech industry, and more — The disregard for map companies, the dilemma between BlackBerry and iPhone, the indifference on the part of Tim Cook … | Financial Times: |
A profile of Korean chip engineer Choi Jin-seok, who embarked on a quixotic mission to lead China's industry after his career stalled and faces IP theft charges — In 2006, a Korean engineer called Choi Jin-seok achieved a feat that earned him the nickname “master of semiconductor yield”.
More: The Korea Herald. Twitter: @alansmithee1987, @chinabeigebook, @adam_tooze, @adam_tooze, @michaelxpettis, @financialtimes, and @joel_p_atkinson
| Emily Birnbaum / Bloomberg: |
SCOTUS refuses to revive Genius' 2019 lawsuit accusing Google of scraping millions of song lyrics for search, leaving in place a ruling tossing out the lawsuit — The US Supreme Court refused to revive a lawsuit by music website Genius Media Group Inc. accusing Alphabet Inc.'s Google of stealing millions of song lyrics.| New York Times: |
As the use of AI-generated ads in political campaigns increases globally, consultants, election researchers, and lawmakers push for setting up new guardrails — Gaps in campaign rules allow politicians to spread images and messaging generated by increasingly powerful artificial intelligence technology.
More: Insider. Bluesky: @toddgregory.bsky.social. Mastodon: @carnage4life@mas.to. Twitter: @erikbryn, @kevinokeefe, @nytimes, and @neilturkewitz
| Kevin J. Delaney / Charter: |
Q&A with Microsoft's Jared Spataro on AI tools advancing knowledge work, increasing worker creativity, being “usefully wrong”, automating work away, and more — Microsoft over the past few years has released some of the most interesting research about how people work …
Bluesky: @fudge.org
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