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Thursday, 30 May 2024

Source: cloud GPU provider CoreWeave, which was last valued at $19B and raised ~$10B in equity and debt over the past year, plans an IPO in H1 2025 (Cory Weinberg/The Information)

Cory Weinberg / The Information:
Source: cloud GPU provider CoreWeave, which was last valued at $19B and raised ~$10B in equity and debt over the past year, plans an IPO in H1 2025  —  Cloud computing startup CoreWeave, one of the biggest beneficiaries of the artificial intelligence boom, has been on a fundraising spree …



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Delhi 'unbearable' as temperatures near 50C

The Indian capital's power demand also soars to an all-time high as residents try to cope with the heat.

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Google announces the $230 Fitbit Ace LTE, a smartwatch for kids ages 7+, with games, messaging, and features for parents like location sharing (Abner Li/9to5Google)

Abner Li / 9to5Google:
Google announces the $230 Fitbit Ace LTE, a smartwatch for kids ages 7+, with games, messaging, and features for parents like location sharing  —  The Fitbit Ace LTE is Google's newest Wear OS device and meant to encourage kids (ages 7+) to be healthy through games, while also serving …



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Tuesday, 28 May 2024

Meta adds safety features to CrowdTangle for use during the EU elections, in a bid to address EU concerns over Meta's plan to shut down the tool in August 2024 (Foo Yun Chee/Reuters)

Foo Yun Chee / Reuters:
Meta adds safety features to CrowdTangle for use during the EU elections, in a bid to address EU concerns over Meta's plan to shut down the tool in August 2024  —  Meta Platforms (META.O) has added safety features to its misinformation tracking tool CrowdTangle for use during European Parliament elections …



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At least 16 dead as cyclone hits Bangladesh and India

Nearly a million people have been evacuated as Cyclone Remal destroys thousands of homes.

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A look at the growing importance of ads for video streaming services, as Antenna says that 56% of new subscribers chose the cheaper ad-supported tier in Q1 2024 (John Koblin/New York Times)

John Koblin / New York Times:
A look at the growing importance of ads for video streaming services, as Antenna says that 56% of new subscribers chose the cheaper ad-supported tier in Q1 2024  —  Ads are here, there — almost everywhere — on streaming services now.  —  Not long ago, streaming TV came with a promise …



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Dating apps are trying to woo Gen Z women by boosting moderation tools and more; Tinder has consistently lost MAUs since 2021 and paid subs fell under 10M in Q1 (Stephanie Stacey/Financial Times)

Stephanie Stacey / Financial Times:
Dating apps are trying to woo Gen Z women by boosting moderation tools and more; Tinder has consistently lost MAUs since 2021 and paid subs fell under 10M in Q1  —  Gen Z is a priority for Tinder and Bumble but threats and unsolicited material from potential suitors often turn users off



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Monday, 27 May 2024

'We saw the flight attendant just go up in the air'

People from a Dublin-bound plane from Doha describe scenes on board during severe turbulence.

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Some 160 villagers reported taken in deadly raid in Nigeria

Nigerian officials say gunmen spent hours in the village and had time to drink tea before abducting people.

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Researchers find that GPT-4 outperforms human analysts in predicting future corporate earnings growth even when provided only with financial statements (Michael Nuñez/VentureBeat)

Michael Nuñez / VentureBeat:
Researchers find that GPT-4 outperforms human analysts in predicting future corporate earnings growth even when provided only with financial statements  —  Researchers from the University of Chicago have demonstrated that large language models (LLMs) can conduct financial statement analysis …



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Sunday, 26 May 2024

How Threads became a gathering space for young progressives in Taiwan, who now use the app to organize protests against pro-China opposition parties (Viola Zhou/Rest of World)

Viola Zhou / Rest of World:
How Threads became a gathering space for young progressives in Taiwan, who now use the app to organize protests against pro-China opposition parties  —  Despite Meta's promise to crack down on political content in the app, Taiwanese activists are using it to organize.



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Nicki Minaj freed after arrest at Amsterdam airport

The rapper was due to play a concert at Manchester's Co-op Live venue.

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Watch: Smoke and flames at deadly India arcade fire

At least 22 people, including children, have died in a fire at a games arcade in India, local officials say.

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Congress has quietly diverted $3.5B from the US CHIPS Act to Secure Enclave, a classified project proposed by Intel to build chips for defense needs (Christine Mui/Politico)

Christine Mui / Politico:
Congress has quietly diverted $3.5B from the US CHIPS Act to Secure Enclave, a classified project proposed by Intel to build chips for defense needs  —  The Commerce Department was expecting to hand out new federal money to high-tech research.  Congress sent it to a secretive natsec program instead.



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Friday, 24 May 2024

Sources: a16z, Sequoia Capital, and Tribe Capital commit to joining xAI's new funding round, in which the company seeks to raise ~$6B at an $18B valuation (Financial Times)

Financial Times:
Sources: a16z, Sequoia Capital, and Tribe Capital commit to joining xAI's new funding round, in which the company seeks to raise ~$6B at an $18B valuation  —  Billionaire's artificial intelligence start-up closes in on $6bn funding round as it seeks more financial firepower



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Sources: Helsing, which provides AI tools to militaries, is raising a $400M+ Series C led by General Catalyst at a ~$4B valuation, after raising $200M+ in 2023 (Forbes)

Forbes:
Sources: Helsing, which provides AI tools to militaries, is raising a $400M+ Series C led by General Catalyst at a ~$4B valuation, after raising $200M+ in 2023  —  The Munich-based company is raising at least $400 million in a funding round led by General Catalyst, sources tell Forbes.



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A bill strengthening the UK Competition and Markets Authority to regulate tech giants like Apple and Google heads toward approval before the UK's July election (Natasha Lomas/TechCrunch)

Natasha Lomas / TechCrunch:
A bill strengthening the UK Competition and Markets Authority to regulate tech giants like Apple and Google heads toward approval before the UK's July election  —  The UK will shortly get its own rulebook for Big Tech, after peers in the House of Lords agreed Thursday afternoon to pass the Digital Markets …



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Thursday, 23 May 2024

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 (Austin Weinstein/Bloomberg)

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.”



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Families of Uvalde victims reach $2m settlement with city

They are also suing 92 state police officers for "shocking and extensive" failures in the 2022 shooting.

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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 (Sam Biddle/The Intercept)

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  —  In March, WhatsApp's security team issued an internal warning to their colleagues: Despite the software's powerful encryption …



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Wednesday, 22 May 2024

Coactive, which provides AI tools to categorize visual data, raised a $30M Series B co-led by Emerson Collective and Cherryrock Capital at a $200M valuation (Kenrick Cai/Forbes)

Kenrick Cai / Forbes:
Coactive, which provides AI tools to categorize visual data, raised a $30M Series B co-led by Emerson Collective and Cherryrock Capital at a $200M valuation  —  The startup has raised $30 million, quadrupling its valuation to $200 million, signaling investors' interest in enterprise AI tools that aren't generative in nature.



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Microsoft announces the general availability of its Phi-3 models, including Phi-3-Silica, a 3.3B parameter model that will be embedded on all Copilot+ PCs (Ken Yeung/VentureBeat)

Ken Yeung / VentureBeat:
Microsoft announces the general availability of its Phi-3 models, including Phi-3-Silica, a 3.3B parameter model that will be embedded on all Copilot+ PCs  —  Microsoft is making more investments in the development of small language models.  At its Build developer conference …



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Farcaster, a blockchain-based social media project built on Ethereum, raised $150M in a round led by Paradigm and says it has 350K paid sign-ups (Bradley Keoun/CoinDesk)

Bradley Keoun / CoinDesk:
Farcaster, a blockchain-based social media project built on Ethereum, raised $150M in a round led by Paradigm and says it has 350K paid sign-ups  —  Dan Romero's Farcaster made waves earlier this year with the introduction of “Frames,” a feature allowing apps to run within posts, so users don't have to click off to another site.



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Monday, 20 May 2024

Around 58 countries now offer a digital nomad visa, as governments compete with each other to attract talent; the number of US digital nomads hit 17.3M in 2023 (Emma Agyemang/Financial Times)

Emma Agyemang / Financial Times:
Around 58 countries now offer a digital nomad visa, as governments compete with each other to attract talent; the number of US digital nomads hit 17.3M in 2023  —  Nearly 60 countries are offering remote visas, many with an eye to making visitors permanent residents



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Microsoft, Meta, Google and others pitch smaller language models that are cheaper to build and train, to lower costs and hardware requirements for generative AI (Financial Times)

Financial Times:
Microsoft, Meta, Google and others pitch smaller language models that are cheaper to build and train, to lower costs and hardware requirements for generative AI  —  Microsoft, Meta and Google have released new versions with fewer ‘parameters’ that are cheaper to build and train



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At the 2024 Upfronts, streaming services dominated with Amazon Prime Video and Netflix making their debut, and live sports and ad tech were given more attention (Stephen Battaglio/Los Angeles Times)

Stephen Battaglio / Los Angeles Times:
At the 2024 Upfronts, streaming services dominated with Amazon Prime Video and Netflix making their debut, and live sports and ad tech were given more attention  —  Advertising executives who entered Radio City Music Hall on Monday for NBCUniversal's upfront presentation were greeted …



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Memo: Didi co-founder Jean Liu steps down as president and board director, positions she has held since December 2014, and will become a "permanent partner" (Bloomberg)

Bloomberg:
Memo: Didi co-founder Jean Liu steps down as president and board director, positions she has held since December 2014, and will become a “permanent partner”  —  - Liu will become permanent partner, internal letter says  — Company's management will no longer have position of president



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Sources: Seoul-based AI chip designer FuriosaAI seeks to raise a $300M-$500M Series D to fund mass production of its 2nd-gen RNGD chip and is eyeing a 2027 IPO (Yoolim Lee/Bloomberg)

Yoolim Lee / Bloomberg : Sources: Seoul-based AI chip designer FuriosaAI seeks to raise a $300M-$500M Series D to fund mass production of...