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May 22, 2024, 7:15 PM
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Top News

Kif Leswing / CNBC:
Nvidia reports Q1 revenue up 262% YoY to $26.04B, vs. $24.65B est., forecasts Q2 revenue above estimates, and announces a 10-for-1 stock split  —  Nvidia shares topped $1,000 for the first time in extended trading on Wednesday after the chipmaker reported fiscal first-quarter results that topped analyst estimates.
André Beganski / Decrypt:
The US House passes the Financial Innovation and Technology for the 21st Century Act, or FIT21, which would create a regulatory framework for digital assets  —  Dubbed the Financial Innovation and Technology for the 21st Century Act, or FIT21, the measure was approved by the House of Representatives with a 279-136 vote.
Wall Street Journal:
News Corp and OpenAI announce a multiyear agreement to bring News Corp's news content to OpenAI; sources: the deal could be worth $250M over five years  —  Agreement could generate over $250 million over five years for News Corp in cash and credits  —  Wall Street Journal owner News Corp struck …
Kurt Wagner / Bloomberg:
Zuckerberg creates the Meta Advisory Group with Patrick Collison, Nat Friedman, Tobi Lütke, and Charlie Songhurst, to advise on tech and growth opportunities  —  - Stripe's Collison, Shopify's Lütke among new advisers  — Group to guide Meta on tech, strategic growth opportunities
David Shepardson / Reuters:
US FCC Chairwoman Jessica Rosenworcel proposes requiring the disclosure of content generated by AI in political ads on radio and TV, citing the use of deepfakes  —  U.S. Federal Communications Commission Chairwoman Jessica Rosenworcel on Wednesday proposed requiring disclosure of content generated …
Kate Rooney / CNBC:
Sources: Amazon plans to launch a more conversational Alexa with generative AI features later in 2024, and charge a monthly subscription to offset the cost  —  WATCH NOW  —  Amazon is upgrading its decade-old Alexa voice assistant with generative artificial intelligence and plans to charge …
Isabelle Bousquette / Wall Street Journal:
Cologne-based AI translation startup DeepL, which develops its own models, raised $300M led by Index Ventures at a $2B valuation and reports 100K+ customers  —  The round, led by Index Ventures, reflects businesses' increasing interest in function-specific AI models
Aisha Malik / TechCrunch:
TikTok launches its Symphony AI suite for brands, using generative AI to let marketers write scripts, produce videos, and enhance current assets  —  TikTok is the latest tech company to incorporate generative AI into its ads business, as the company announced on Tuesday that it's launching a new “TikTok Symphony” AI suite for brands.
Austin Weinstein / Bloomberg:
Intercontinental Exchange, which owns the NYSE, agreed to pay $10M to settle SEC allegations that it failed to immediately tell the agency about a hack in 2021  —  The SEC said that in April 2021 ICE learned that its virtual private network had been hacked by a “threat actor.”
Emma Roth / The Verge:
Bluesky now lets users send DMs and says it's working on adding support for messages with images and end-to-end encryption  —  Bluesky will now let you send a direct message to other users.  For now, you can only send messages containing text, but Bluesky is working on adding support for images and videos.
Imran Rahman-Jones / BBC:
The UK ICO is “making enquiries with Microsoft” over the company's Recall feature, which some privacy campaigners have called a potential “privacy nightmare”  —  The UK data watchdog says it is “making enquiries with Microsoft” over a new feature that can take screenshots of your laptop every few seconds.
Dominic-Madori Davis / TechCrunch:
Techstars CEO Maëlle Gavet says she is leaving at the end of May for health reasons; Techstars co-founder and board chairman David Cohen will become the new CEO  —  Techstars CEO Maëlle Gavet announced on LinkedIn that she is leaving the company at the end of the month for health reasons.
Bloomberg:
Sources: Humane is seeking a buyer for its business, after the rocky launch of its Ai Pin; a source says the startup, founded in 2018, is seeking $750M to $1B  —  - Humane's AI pin was billed as an alternative to smartphones  — AI hardware product received poor reviews after its launch

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From Mediagazer

Benjamin Mullin / New York Times:
The Onion, backed by some Sandy Hook families and Everytown for Gun Safety, buys Infowars in a bankruptcy auction, and plans a January 2025 relaunch as a parody

The Hollywood Reporter:
Disney expects to spend $24B on content in 2025, up from $23.4B in 2024, due to sports programming expenses rising after NFL rate increases and NBA contracts

Matthew Keys / The Desk:
Disney said Disney+ Q4 ARPU in the US and Canada, down 1% QoQ to $7.70, was affected partly by new wholesale arrangements with some distributors

More News

Sam Biddle / The Intercept:
Doc: WhatsApp staff warned of traffic analysis flaws where attackers may reveal who is in a conversation; Meta calls them theoretical and not unique to WhatsApp
Wired:
An investigation into ticketing service Eventbrite found 7,400+ illicit listings, such as for escort services and drugs, some of which its algorithm recommended
Charlie Warzel / The Atlantic:
OpenAI's Scarlett Johansson debacle is merely a reminder of AI's manifest-destiny philosophy: “This is happening, whether you like it or not”, consent be damned

Earlier Picks

Manish Singh / TechCrunch:
Paytm parent One 97 Communications reports a ~$66.1M net loss in Q4, up from ~$20.11M in Q4 2023, on ~$272.4M in revenue, as it faces a regulatory clampdown
Stephen Nellis / Reuters:
AWS says the transition from Nvidia's Grace Hopper to Blackwell chips applies only to Project Ceiba, a supercomputer that AWS and Nvidia are building together
Mimi Billing / Sifted:
London-based LabGenius, which uses ML to find and design antibody therapies to treat cancer, raised a £35M Series B led by Merck's VC arm, M Ventures
Steven Levy / Wired:
Anthropic researchers detail attempts to peer inside the “black box” of LLMs, learning which combinations of neurons evoke specific concepts
Bradley Keoun / CoinDesk:
Farcaster, an Ethereum-based social media project, raised $150M led by Paradigm, with participation from a16z and others, and reports “350,000 paid sign-ups”
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