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Techmeme Latest Headlines

Updated: 7 hours ago

US investors, like General Atlantic and Sequoia, are facing increased pressure from state and federal lawmakers about their investments in Chinese companies (Lauren Hirsch/New York Times)

A look at MatX, which was founded by ex-Google engineers, has raised $25M, and hopes to design chips that are 10x faster than Nvidia's GPUs at training LLMs (Ashlee Vance/Bloomberg)

Adobe announces Custom Models, to let businesses customize Firefly models, and Firefly Services, a set of 20+ generative and creative APIs, tools, and services (Frederic Lardinois/TechCrunch)

Sources: Stability AI was in a "death spiral" prior to Mostaque's resignation, due to talent departures, mismanagement, legal troubles, and dwindling resources (Bloomberg)

Apple schedules WWDC 2024 for June 10 to June 14 as a virtual event with a June 10 keynote, where Apple is expected to unveil its AI Strategy, iOS 18, and more (Juli Clover/MacRumors)

Kevin Systrom says AI news app Artifact will stay online for now due to taking "a lot less to run it than we had imagined", reversing a February shut down date (Sarah Perez/TechCrunch)

An interview with Adobe executives about training Firefly on content licensed specifically for AI training, the decision not to scrape the internet, and more (Melissa Heikkil/MIT Technology Review)

Adobe adds a "structure reference" feature to Firefly AI, letting users upload an image to guide the model about the "arrangement" of the image (Carl Franzen/VentureBeat)

Adobe launches GenStudio to let brands create content and measure its performance using generative AI, underpinned by promises of brand safety (Frederic Lardinois/TechCrunch)

Google plans to release a Chrome version optimized for Windows on Arm this week, two months after Canary testing; Arm PCs previously ran an emulated x64 version (Jon Porter/The Verge)

The US DOJ charges crypto exchange KuCoin and two of its founders with violating anti-money laundering laws, failing to register with US government, and more (CoinDesk)

Filing: Dell cut 13,000 employees over the last fiscal year, a steeper reduction than initially announced, and had 120K staffers globally as of February 2, 2024 (Brody Ford/Bloomberg)

Filings detail Meta's Project Ghostbusters to get data analytics about Snapchat, YouTube, and Amazon, using Onavo VPN on iOS and Android between 2016 and 2019 (Maxwell Zeff/Gizmodo)

Filing: Sun Microsystems co-founder Andreas Bechtolsheim settles with the US SEC for alleged insider trading on Cisco's $2.6B offer to buy Acacia in 2019 (Austin Weinstein/Bloomberg)

AI search engines review: they are worse than Google at navigational queries, mixed on information queries, and offer helpful citations in exploration queries (David Pierce/The Verge)

Canada plans to toughen foreign investment rules for sectors like AI and quantum computing, as it takes steps to curb China's influence on key industries (Bloomberg)

0G Labs, or Zero Gravity Labs, which is building a modular blockchain to let developers make decentralized AI apps, raised $35M in pre-seed funding (Jacquelyn Melinek/TechCrunch)

Trump Media & Technology Group shares jumped up to 58% to hit $78.80 on its trading debut before the Nasdaq briefly halted trading, following the DWAC merger (Bailey Lipschultz/Bloomberg)

Source: Tencent agrees to release some of its most important apps on the Apple Vision Pro (Wayne Ma/The Information)

Chinese government data: iPhone shipments in China fell ~33% YoY to ~2.4M units in February 2024, after dropping 39% YoY to ~5.5M units in January 2024 (Bloomberg)

Sony plans to add a new opt-in Community Game Help feature on the PS5 later in 2024 to automatically create clips that can help other players complete games (Tom Warren/The Verge)

The BBC has "no plans" to use AI again to promote Doctor Who, after the marketing team used AI "as part of a small trial" to help draft emails and notifications (Max Goldbart/Deadline)

Internal Tesla memo: Elon Musk tells staff to perform a "short test ride" with customers to demonstrate Full Self-Driving, a "hard requirement" from now on (Edward Ludlow/Bloomberg)

Amazon launches same-day prescription medication deliveries in New York City and the greater Los Angeles area, and plans to add 12+ cities by the end of 2024 (Annie Palmer/CNBC)

Meta's Oversight Board calls on the company to end its blanket ban on the Arabic word "shaheed", or "martyr", after a review found Meta's approach "overbroad" (Katie Paul/Reuters)

Filing: Alibaba calls off a Hong Kong IPO for its Cainiao logistics arm, and now plans to buy out all remaining stock held by investors and employees for $3.75B (Pei Li/Bloomberg)

Canva acquires the Affinity creative suite, popular with Mac users; COO Cliff Obrecht says the cash-and-stock deal is valued at "several hundred million pounds" (Olivia Poh/Bloomberg)

Fieldguide, which plans to use AI to alleviate an accountant shortage, raised a $30M Series B led by Bessemer, and counts 40 of the top 100 CPA firms as clients (Saritha Rai/Bloomberg)

Sources: SK Hynix plans to spend ~$4B to build an advanced chip packaging facility in West Lafayette, Indiana; a source says operations could begin in 2028 (Wall Street Journal)

The US OFAC sanctions 13 entities, including Netex24, and two individuals for aiding Russian nationals' potential sanctions evasion by building crypto services (Timmy Shen/The Block)

Meta started rolling out its new opt-out political content settings on Instagram and Threads last week to "limit political content from people you don't follow" (Alex Heath/The Verge)

An interview with Phil Spencer on bringing Xbox to handhelds via hardware or software, how Valve, Lenovo, and Asus "innovated in a new form factor", and more (Chris Plante/Polygon)

OpenAI releases seven Sora videos from select filmmakers, artists, ad agencies, and musicians; Fairly Trained CEO Ed Newton-Rex calls the move "artistwashing" (Carl Franzen/VentureBeat)

Memo: Microsoft's Bing chief Mikhail Parakhin plans to exit his roles and look for a new position, after Microsoft hired Mustafa Suleyman to run Microsoft AI (Dina Bass/Bloomberg)

A look at the underground bitcoin community in Austin, which attracts bitcoiners because of Texas' pro-crypto policies and ecosystem of developers and miners (MacKenzie Sigalos/CNBC)

Uzbekistan-based e-commerce, fintech, and food delivery platform Uzum raised a $114M Series A at a $1.16B valuation, becoming country's first unicorn (Jagmeet Singh/TechCrunch)

An investigation details the growing black market for Starlink kits being traded and activated illegally, including in regions subject to US sanctions (Bloomberg)

How Ripple's Chris Larsen became a gravitational force in SF politics, donating millions to local causes, as he helps Mayor London Breed's reelection campaign (Josh Koehn/The San Francisco Standard)

Telegram rolls out its Peer-to-Peer Login Program, giving some Android users a Premium sub for volunteering their phone numbers to relay SMS OTPs to other users (Allison Johnson/The Verge)

Memo: Microsoft names Pavan Davuluri as its Windows and Surface chief; Microsoft had split the Windows and Surface groups after Panos Panay left in Sept. 2023 (Tom Warren/The Verge)

Q&A with Bluesky CEO Jay Graber on why federation is the future of social media, Threads' fediverse integration, monetization, composable moderation, and more (Nilay Patel/The Verge)

Reddit stock closes up 30% at $59.80, after the company went public at $34 last week, as the debut of options trading tied to Reddit appears to fuel the rise (Saqib Iqbal Ahmed/Reuters)

Ripple says the SEC plans to release a public brief on Tuesday seeking $2B in fines and penalties in its case against Ripple over sales of the XRP crypto token (Chris Dolmetsch/Bloomberg)

Consumers in the US filed at least three proposed class actions since March 22 accusing Apple of monopolizing the smartphone market, mirroring the DOJ's claims (Mike Scarcella/Reuters)

Bolt's board removes CEO Maju Kuruvilla, who took over after co-founder Ryan Breslow stepped down in 2022; head of sales Justin Grooms will be interim CEO (The Information)

London-based GSS, which offers a cloud-based sanctions-screening service to help financial institutions comply with regulations, raised a $47M Series A2 (Paul Sawers/TechCrunch)

Eliyan, which is developing chiplet interconnects to increase AI chips' performance, raised a $60M Series B co-led by Samsung Catalyst Fund and Tiger Global (Dean Takahashi/VentureBeat)

UXL Foundation, backed by Google, Intel, and others, plans to build tools to power multiple types of AI accelerator chips and break Nvidia's CUDA dominance (Max A. Cherney/Reuters)

The US and the UK sanction a Wuhan-based company linked to the Chinese state-backed hacking group APT31 for targeting critical infrastructure organizations (Sergiu Gatlan/BleepingComputer)

Sources detail Meta's unconventional moves to attract and keep AI researchers, including Zuckerberg personally writing to DeepMind researchers to recruit them (Kalley Huang/The Information)

Filing: FTX strikes deals worth $884M with buyers, including $500M from a Mubadala affiliate, to sell most of its Anthropic stake; FTX invested $500M in 2021 (Becky Yerak/Wall Street Journal)

The UK says Chinese state-affiliated actors were responsible for a "malicious cyber campaign" on the country's Electoral Commission between 2021 and 2022 (Ryan Browne/CNBC)

Florida Governor Ron DeSantis signs a bill requiring parental consent for kids under 16 to hold social media accounts and age verification for many websites (Lauren Feiner/The Verge)

A US judge dismisses X's lawsuit against CCDH, saying the lawsuit had been brought as a means toward "punishing the defendants for their speech" (Jonathan Stempel/Reuters)

Q&A with tech expert Dan Wang on how China views the US' TikTok crackdown, why Chinese state media is keeping its powder dry, possible retaliation, and more (Ravi Mattu/New York Times)

Crypto exchange CommEX, which bought Binance's former Russian operations in September 2023, plans to shut down its website on May 10, 2024 (Camomile Shumba/CoinDesk)

Match Group adds Instacart CMO Laura Jones and Zillow co-founder Spencer Rascoff to its board and signs a deal with Elliott, reported to have a $1B Match stake (Rohan Goswami/CNBC)

FundGuard, which offers an AI accounting platform for asset managers, raised a $100M Series C led by Key1 Capital, taking its funding to $150M since 2018 (Marissa Newman/Bloomberg)

Spotify launches online courses from BBC Maestro, Skillshare, and others, covering music, business, and more, as an experiment in the UK on mobile and desktop (Jon Porter/The Verge)

Nigeria files tax evasion charges against Binance and executives Tigran Gambaryan and Nadeem Anjarwalla, detained since February; reports say Anjarwalla escaped (Nduka Orjinmo/Bloomberg)

The EU opens formal DMA investigations into Apple and Google over letting developers "steer" users from their app stores, and Meta over using user data for ads (Javier Espinoza/Financial Times)

How Netflix co-CEOs Greg Peters, who is obsessed with data, and Ted Sarandos, who loves working with talent, overcame differences to make the partnership work (Jessica Toonkel/Wall Street Journal)

A look at the rise of free-to-use AI chatbots claiming to help with teens' mental health struggles, as experts disagree about whether the chatbots are effective (Matthew Perrone/Associated Press)

Sources: iOS 18 will give iPhone users greater control over Home Screen app arrangement, including the ability to create blank spaces, rows, and columns (Joe Rossignol/MacRumors)

AliExpress and Temu were the fastest-growing ecommerce apps in South Korea in 2023; Nomura: Chinese websites account for only ~2% of South Korean ecommerce GMV (Financial Times)

A look at The Financial Times' Claude-powered AI chatbot Ask FT, which is trained on FT's articles and available to some subscribers in the FT Professional tier (The Verge)

Sources: Chinese social media startup Xiaohongshu reported its first profit with $500M in net profit on $3.7B revenue in 2023, and reached 312M MAUs, up 20% YoY (Financial Times)

Chinese state media: at the China Development Forum, Tim Cook said Apple will launch Vision Pro in China this year, first official non-US launch confirmation (Reuters)

Analysis: Jeff Bezos, Peter Thiel, and Mark Zuckerberg lead a group of insiders selling their company stocks in Q1, a sign that the tech bull run may be peaking (Financial Times)

Despite X's push to attract creators, its strategy remains unclear, as some creators cite concerns about the state of X's ad business and inconsistent payments (Alexa Corse/Wall Street Journal)

Chinese officials have begun following the new PC, laptop, and server guidelines to phase out Intel/AMD processors and Windows from government PCs and servers (Financial Times)

An analysis of the DOJ's case against Apple; sources: Apple will start rolling out its system to update packaged iPhones' software to its US stores in April (Mark Gurman/Bloomberg)

How the restructuring of Diamond Sports, with a lifeline from Amazon, might offer a new model for airing local sports fixtures in the streaming era (Financial Times)

Some TikTok fans in India still question the country's 2020 decision to ban the app, saying alternatives like YouTube Shorts and Instagram Reels lack its allure (Wall Street Journal)

How Ukraine recreated the Soledar Salt Mine in Minecraft to let players compete for prizes and donate to restore a school hit by a Russian missile (Justin Ling/Wired)

April's Bitcoin halving will slash revenue for miners, who will likely move from the US to lower-cost countries like Ethiopia, Tanzania, Paraguay, and Uruguay (David Pan/Bloomberg)

Leaders from 20 EU countries sign the Quantum Pact, recognizing the importance of quantum tech in enhancing Europe's scientific and industrial competitiveness (Vish Gain/Silicon Republic)

More than 23M US households risk losing internet access by the end of April as Congress fails to fund the Affordable Connectivity Program due to GOP opposition (Brian Fung/CNN)

Filmmakers, critics, and users detail why Prime Video failed in Africa; Amazon laid off staff and scaled back operations on the continent in January 2024 (Jesusegun Alagbe/Rest of World)

Source: HeyGen, which uses AI to generate avatars and voices for videos, is raising $60M led by Benchmark at a $440M valuation, amid concerns about China ties (The Information)



Business Headlines Today
[Thu-28-Mar-2024]

Updated: 7 hours ago

$400m debt: IBEDC, UCH trade words as Disco disconnects hospital - Punch

2m youths to be trained in Wema Bank/FGN-ALAT programme - Daily Trust

3 Emerging Trends Shaping the Future of Real Estate - Entrepreneur

31 Ways to Market Your Business on a Budget - Entrepreneur

5 Simple Wealth-Building Tips For This Generation's Forward-Thinkers - Entrepreneur

5 Ways to Get on the Media's Good Side (and Stay There) - Entrepreneur

A gruesome murder sparks a debate about juvenile justice in China - The Economist

A marketing victory for Nike is a business win for Adidas - The Economist

A new hate-crime law in Scotland causes widespread concern - The Economist

A Woman Has Made a Career Out of Bedazzling Stanley Cups, Which She Can Sell for Over $1,000 Each - Entrepreneur

Abortion-pill foes get a chilly reception at the Supreme Court - The Economist

Access Holdigs to raise staggering N365 billion in right issue - Nairametrics

Access Holdings grows Full Year 2023 profit by 335% - BusinessDay

Access Holdings grows profit by 306% as assets hit N26tn - Punch

Access Holdings profit rises 300% to N612.49bn YoY - Blueprint

AEDC, Niger Partner To Improve Electricity Supply - Daily Independent

AFC secures 'largest ever' syndicated loan of $1.16bn to close Africa's infrastructure gap - Peoples Daily

Africa Prudential Plc appoints former UBA Group M.D as Non-Executive Director - Nairametrics

African Insurance Awards Holds June 2024 - Daily Independent

African Operator Telecel acquires MTN assets amid IPO drive - Nairametrics

Agric sector loans drop to lowest in two years - BusinessDay

ALX Graduates 2,000 Tech Leaders As New Cohort Joins AiCE Course - New Telegraph

Amnon Weinstein turned grief into music again - The Economist

Arik Air Wins Best Sustainable Airline Company Of 2024 Award - Daily Independent

AVCA: Evolving Strategies In A Changing Market - Daily Independent

Avoid These 9 Pitch Deck Mistakes When Asking Others For Money - Entrepreneur

Bad roads driving food inflation, says LCFE boss - Punch

Baltimore Bridge Collapse could affect Nigerias Tokunbo vehicle imports - Nairametrics

Benin Electricity Disco says board, management still intact and not dissolved - Nairametrics

BREAKING: Access Holdings to raise staggering N365 billion in right issue - Nairametrics

BREAKING: Daily FX turnover jumps to record $857 million as Naira gains momentum - Nairametrics

BREAKING: Official exchange rate strengthens to N1,300/$1, best in 8 weeks - Nairametrics

Britain's kings of sourdough - The Economist

British boomers are losing out for the first time - The Economist

Broadband: Lifi.net Attains 500mbps To Beat Nigerias Median Internet Speed - New Telegraph

Can Haiti's police hold on - The Economist

Canadian province lists priorities for the allocation of international study permits - Nairametrics

Cardoso fires two big signals with 600bps rate hike in one month - BusinessDay

Caverton injects N1bn in local boat building - Daily Trust

CBN increases MPR to 24.75% - Peoples Daily

CBN sells N1.64 trillion in treasury bills as higher interest rates attract investors - Nairametrics

CBNs Policies Detrimental To Nigerias Fragile Economy Group - New Telegraph

Chapel Hills Infrastructure Fund post N20.4 billion profits in 2023 - Nairametrics

Chicago wants to stop Glock pistols being turned into machineguns - The Economist

Chinese nationalists have issues with '3 Body Problem - The Economist

Christopher Kolade-the builder of people with words - BusinessDay

Cocoa Rebirth - Daily Independent

Cocoa Rebirth Policy Was A Total Failure ' Oladimeji Filani - Daily Independent

Coronation Group Champions Financial Literacy, Inclusion At 2024 Global Money Week Event - Daily Independent

Coronation Insurance Charts Path To Financial Stability - New Telegraph

Crisis hits Eko Disco, chairman, directors disagree on MDs sacking - Punch

Customs drops forex rate for import duties 5th time in 2 weeks - Blueprint

Cybersecurity and Digital Marketing in Nigeria: Building Trust and Transparency in the online space - Nairametrics

Dangiwa inaugurates new Board for Registration of Quantity Surveyors of Nigeria - Peoples Daily

Dangote donates 80,000 bags of rice to Lagos residents - Punch

Dangote Refinery to reduce Africas $17 Billion European Oil Imports, undercuts Foreign Refineries Report - Nairametrics

Dangote, Elumelu, Rabiu, others make Tinubus economic team - Daily Trust

Dave Calhoun bows out as chief executive of Boeing - The Economist

Disquiet in Eko DisCo over new MD - Daily Trust

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