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April 24, 2024, 8:30 PM
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Lauren Feiner / The Verge:
President Biden signs the ByteDance-TikTok divest-or-ban bill into law, after the Senate passed it by 79-18; the House passed the legislation 360-58 on April 20  —  The divest-or-ban bill is now law, starting the clock for ByteDance to make its move.  The company has an initial nine months …
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Alex Barinka / Bloomberg:
Biden signing the TikTok divestment bill starts a 270-day countdown for a sale or a US prohibition; sources say ByteDance sees a divestiture as a last resort  —  - China's ByteDance faces deadline to sell app under new US law  — Company braces for legal fight against divest-or-ban efforts
Foo Yun Chee / Reuters:
TikTok is suspending the rewards program in TikTok Lite while it tries to resolve EU concerns about the potentially addictive nature of the program for children  —  TikTok will voluntarily suspend its new app TikTok Lite's reward programme while it tries to resolve EU concerns, the company said on X social media platform on Wednesday.
New York Times:
How a tiny group of US lawmakers and aides wrote the TikTok divestment bill, hiding their efforts to avoid TikTok's lobbying, alongside the DOJ and White House
Will Oremus / Washington Post:
Meta, Google, Snap, and Amazon all benefit from the US' TikTok ban; Mark Zuckerberg criticized TikTok's Chinese roots in 2019, part of Meta's broader campaign
Monica Alba / NBC News:
Biden's re-election campaign plans to continue using TikTok for at least the next year, with “enhanced security measures”, to help “meet voters where they are”
Meta Investor Relations:
Meta reports Q1 revenue up 27% YoY to $36.46B, net income up 117% YoY to $12.37B, and family daily active people up 7% YoY to 3.24B for March 2024  —  Meta Platforms, Inc. (Nasdaq: META) today reported financial results for the quarter ended March 31, 2024.
Ashley Capoot / CNBC:
Meta's stock drops 15%+ after hours on a weak Q2 revenue guidance and higher FY 2024 capital expenditures due to increased AI infrastructure investments  —  Meta shares plunged in extended trading on Wednesday after the company issued a light forecast, overshadowing better-than-expected first-quarter results.
Alex Koller / CNBC:
Meta's Reality Labs Q1: revenue up 30% YoY to $440M, vs. $512.5M est., a $3.85B operating loss, vs. $4.31B est.; Reality Labs lost $45B+ since the end of 2020
Andy Greenberg / Wired:
Cisco details a hacking campaign that penetrated multiple governments' networks using two zero-day flaws in its VPN and firewall Adaptive Security Appliances  —  Sources suspect China is behind the targeted exploitation of two zero-day vulnerabilities in Cisco's security appliances.
Ben Glickman / Wall Street Journal:
IBM agrees to buy HashiCorp, which helps companies manage cloud infrastructure, in a deal valuing HashiCorp at $6.4B and expected to close by the end of 2024  —  IBM will pay $35 a share for the cloud-software company in cash, giving it access to HashiCorp's roster of some 4,400 clients
Bob Van Voris / Bloomberg:
US prosecutors charge two founders of the Samourai Wallet crypto mixing service, saying it facilitated more than $100M in money laundering transactions  —  - US prosecutors say Samourai Wallet was ‘haven for criminals’  — Europol has said crypto mixing services are a ‘top threat’
Joanna Nelius / The Verge:
Qualcomm details its Snapdragon X Plus and X Elite chips; benchmarks from a demo suggest the chips match Apple's M3, Intel's Core Ultra 9, and AMD's Ryzen 9  —  On Wednesday, Qualcomm announced the impending arrival of its Snapdragon X Plus laptop processor alongside more information …
Meir Orbach / CTech:
Nvidia acquires AI infrastructure orchestration and management service Run:ai, a source says for ~$700M; Run:ai, founded in 2018, had raised $118M to date  —  Run:ai enables enterprise customers to manage and optimize their compute infrastructure, whether on premises, in the cloud or in hybrid environments.
Shubham Sharma / VentureBeat:
Apple researchers share OpenELM, a family of LLMs with 270M to 3B parameters, designed to run on-device, and pre-trained and fine-tuned on public datasets  —  Just as Google, Samsung and Microsoft continue to push their efforts with generative AI on PCs and mobile devices …
Tom Warren / The Verge:
Microsoft begins rolling out Windows 11 Start menu ads that show app “recommendations” from “a small set of curated developers”; users can disable the ads  —  Microsoft is starting to enable ads inside the Start menu on Windows 11 for all users.
Brian McGleenon / The Block:
Worldcoin subsidiary World Assets plans to sell WLD tokens to meet the demand for orb-verified World IDs and support Worldcoin network growth; WLD drops 7%+  —  - Worldcoin says its subsidiary World Assets may routinely sell WLD tokens to meet increasing demand for orb-verified World IDs and support network growth.

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This is a Techmeme archive page. It shows how the site appeared at 8:30 PM ET, April 24, 2024.

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From Mediagazer

Jon Brodkin / Ars Technica:
FCC Chairwoman Jessica Rosenworcel announced she will leave the agency on January 20; she was the first woman to be confirmed to lead the agency

Evan Drellich / New York Times:
The MLB is planning national packages for streaming companies to bid on in 2028, when its national TV deals with ESPN, Fox, and Turner expire

Lauren Forristal / TechCrunch:
Tubi launches Scenes, a mobile feature that lets viewers watch 60-to-90-second trailer-style clips from its library to help with content discovery

More News

David Pierce / The Verge:
Hands-on with the Rabbit R1: a fun and funky AI device that feels pretty nice and does a solid job with basic AI questions, but the Rabbithole app is unfinished
Ingrid Lunden / TechCrunch:
Stripe says some of its products will be available to companies that are using other payments providers, and unveils new embedded finance features and AI tools

Earlier Picks

Sergiu Gatlan / BleepingComputer:
The US OFAC sanctions four Iranian nationals over cyberattacks on the US government, defense contractors, and private companies, and the DOJ unseals indictments
Adam Iscoe / New Yorker:
A look at the restaurant reservation ecosystem in New York City, where new apps have sprung up to help diners book a table at buzzy restaurants for a price
Edward Zitron / Ed Zitron's Where's Your Ed At:
Emails released as part of US v. Google show how Google's finance and ad teams led by Prabhakar Raghavan made Search worse to make the company more money
Wall Street Journal:
The US FTC bans noncompete clauses that restrict job switching, the first time in 50+ years that the FTC has issued a regulation mandating an economywide change
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