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April 25, 2024, 5:55 AM
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| 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.
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| Alex Heath / The Verge: |
Mark Zuckerberg says Meta AI assistant has been “tried” by “tens of millions of people” and making money from generative AI will take Meta several years — The generative AI gold rush is underway — just don't expect it to create profits anytime soon.| Ashley Capoot / CNBC: |
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| Karissa Bell / Engadget: |
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| Alex Koller / CNBC: |
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Forums: r/technology and r/Economics
| 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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| M.G. Siegler / Spyglass: |
| 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.
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LinkedIn: Lodi Hensen and Alexander Viftrup Andersen
Forums: r/technology, r/privacy, and Slashdot
| 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
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| Jordan Novet / CNBC: |
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| Bob Van Voris / Bloomberg: |
US prosecutors charge two founders of Samourai Wallet, saying the crypto mixing service 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’
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Forums: r/Monero and r/ethtrader
| Ben Glickman / Wall Street Journal: |
The US awards Micron up to $6.1B under the CHIPS Act, to support an up to $125B investment to build a “megafab” in New York and Idaho over the next 20 years — Micron Technology MU -.60%decrease; red down pointing triangle is receiving up to $6.1 billion from the federal government … | Shubham Sharma / VentureBeat: |
Snowflake announces Arctic, an LLM optimized for enterprise tasks such as SQL generation, coding, and instruction following, with an Apache 2.0 license — Today, Snowflake announced the launch of Arctic, a large language model (LLM) optimized for complex enterprise workloads such as SQL generation …
More: Snowflake, MSPoweruser, ITPro, Barron's Online, CIO Dive, ZDNet, InfoWorld, TechCrunch, and SiliconANGLE
| 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 — There were times I wasn't sure the Rabbit R1 was even a real thing. The AI-powered, Teenage Engineering-designed device came …
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| Cheng Ting-Fang / Nikkei Asia: |
TSMC unveils a new chip manufacturing technology called A16, and says the company plans to start producing its ultra-advanced 1.6nm chips by 2026 — Taiwan chip titan aims to secure leading position and capture AI demand — TAIPEI — Taiwan Semiconductor Manufacturing Co …
More: Tom's Hardware, Reuters, DigiTimes, New Electronics, TechNode, The Verge, TrendForce Insights, and TSMC
| 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 …
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Forums: Hacker News, Hacker News, r/LocalLLaMA, and MacRumors Forums
| Scharon Harding / Ars Technica: |
Reddit says its Dynamic Product Ads, which use “shopping signals” to automatically show relevant ads to users, are entering public beta globally — Reddit says its “communities are naturally commercial.” — Reddit has made it clear that it's an ad-first business.
More: Social Media Today and Search Engine Land
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| Kyle Wiggers / TechCrunch: |
AI coding assistant startup Augment emerges from stealth with a $227M Series B at a $977M post-money valuation, following a $25M Series A led by Sutter Hill — AI is supercharging coding — and developers are embracing it. — In a recent StackOverflow poll, 44% of software engineers … | CNBC: |
Cloud data management startup Rubrik priced its NYSE IPO at $32 per share, above its expected $28 to $31 range, raising $752M and valuing the company at $5.6B — Bipul Sinha, co-founder and CEO of data security software company Rubrik. Sinha previously backed cloud management company Nutanix.
More: Bloomberg, Reuters, Wall Street Journal, The Information, Fortune, CRN, SiliconANGLE, and Barron's Online. X: @lesliepicker
| 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 …
More: Ars Technica, Qualcomm, Business Today, VentureBeat, ZDNet, AnandTech, TechRadar, MSPoweruser, 9to5Google, PCMag, Sam Lover, Forbes, HotHardware, XDA Developers, Thurrott, Tomshardware, and Tom's Hardware
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| Charlie Demerjian / SemiAccurate: |
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Forums: r/hardware and Slashdot
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Wed. 04/24 - What Now For TikTok?
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Melissa Heikkilä / MIT Technology Review:
A look at AI video startup Synthesia, whose avatars are more human-like and expressive than predecessors, raising concerns over the consequences of realistic AIFind
15 minutes ago
Jillian Deutsch / Bloomberg:
Franco-Italian chip company STMicro reports Q1 revenue down 18% YoY to $3.47B, below $3.63B est., and expects Q2 sales down 26% YoY to $3.2B, below $3.79B est.Find
40 minutes ago
Ben Glickman / Wall Street Journal:
The US awards Micron up to $6.1B under the CHIPS Act, to support an up to $125B investment to build a “megafab” in New York and Idaho over the next 20 yearsFind
50 minutes ago
Vlad Savov / Bloomberg:
Lenovo survey of 750 CIOs: 96% expect increased AI investment in the next 12 months and 42% don't expect to show return on AI investments for the next two yearsFind
2 hours ago
New York Times:
A look at Saudi Arabia's spending blitz to become an AI superpower, which has put the kingdom in the middle of an escalating global competition over AIFind
3½ hours ago
Manish Singh / TechCrunch:
Filing: Swiggy, which has a ~45.8% share of the Indian food delivery market, secures shareholder approval for a potential $1.25B IPO, slated for later in 2024Find
3½ hours ago
Wall Street Journal:
Sources: ByteDance executives have previously considered TikTok's global operations to be worth ~50% of the company's overall value, or above $100BFind
3½ hours ago
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