Amazon agrees to pay $25M to settle FTC and DOJ charges over the company keeping Alexa voice recordings and geolocation data collected from children for years
Regulators said the tech giant kept children's Alexa voice recordings “forever,” violating a children's privacy law.
Meta teases the $500 Quest 3, “the first mainstream headset with high-res color MR”, offering a slimmer design and 2x graphics performance over the Quest 2
Meta Quest 3 Launches Later This Year + Lower Prices & Improvements for Quest 2 The countdown is on for today’s …
Sources: Apple is testing two new high-end Macs, one with M2 Max and the other with an unannounced M2 Ultra, offering 60 graphics cores and up to 192GB of RAM
Apple Inc. is testing a pair of new high-end Macs and their accompanying processors ahead of its Worldwide Developers Conference next week …
Amazon agrees to pay $5.8M to settle FTC allegations that Ring gave employees and third-party contractors full access to every customer video until 2017
Bloomberg :
OpenAI researchers say training AI with process supervision, which rewards the thought process rather than the outcome, could help prevent hallucinations
- AI hallucinations occur when models like OpenAI's ChatGPT or Google's Bard fabricate information entirely.
Instagram details ranking content in Feed, Stories, Reels, and more, and is testing more user controls, including an “Interested” button for recommended posts
Instagram announced today that it's testing a new feature that gives users more control over what they see on the social network …
Hundreds of white-collar Amazon workers in Seattle walked off the job, frustrated by job losses, a return-to-office mandate, carbon emissions, and leadership
Frustrated by job losses, office policies and rising carbon emissions, white-collar Amazon workers are demanding more from leadership
Crypto bridging protocol Multichain suspended service for multiple chains after being unable to contact its CEO to get server access, during ongoing tech issues
- Multichain, the cross-chain protocol, confirmed Wednesday that the team is unable to contact its chief executive amid ongoing technology problems.
Elon Musk sent no tweets during his visit to China, the longest hiatus from the platform since June 2022; once his jet left Shanghai, Musk tweeted about SpaceX
Elon Musk, a prolific presence on Twitter and owner of the social media platform, didn't send any tweets while he was in China for his first visit since the pandemic.
After Microsoft paid $7.5B for ZeniMax in 2020, sources detail development issues for Redfall, one of the worst-reviewed games in 2023 and Xbox's latest misfire
Over the years, Microsoft Corp.-owned video-game developer Arkane Studios has cultivated a reputation for releasing games …
A look at the grotesque world of AI true-crime-victim TikTok, where AI deepfakes, based on images of children who were abused, describe their own ghastly demise
TikTok accounts are posting horrifying artificial intelligence-generated clips of murder victims — mostly children — describing their own ghastly demise
Meta cuts the Quest 2's price to $350 for 256GB and to $300 for 128GB, and plans a software update to boost the Quest 2 and Quest Pro's CPU and GPU performance
Jon Porter / The Verge :
Survey: Android owners mostly switched to iPhone because of prior phone problems and new iPhone features; only 6% moved because of iMessage and FaceTime
Following its report that showed Android users pivoting to iPhone at a 5-year high, CIRP is out today with a study that reveals why people are making the switch.
Tether's USDT circulation surpasses its $83.2B all-time-high, recovering the ~$20B lost after TerraUSD imploded in 2022, even as crypto trading volumes drop
Tether Holdings Ltd.'s stablecoin has recovered all of the roughly $20 billion in market value it lost following the collapse …
BeReal plans to launch a chat feature, initially testing in Ireland; users will be able to message one-on-one, send a private BeReal, and react with RealMoji
BeReal is working on a chat feature, which will begin with a test among users in Ireland. — At launch, users will be able …
Sources: a planned $3B chip plant in India by ISMC, a consortium that included chipmaker Tower, has stalled due to the company's pending takeover by Intel
A planned $3 billion semiconductor facility in India by chip consortium ISMC that counted Israeli chipmaker Tower as a tech partner … Tweets: @dnystedt , @adityakalra , @reuters , and @adityakalra Twe...
The Daily Wire says Twitter canceled a deal to release “What Is a Woman” and claims Twitter threatened to “throttle” the documentary due to “misgendering”
Daily Wire CEO Jeremy Boreing tore into Elon Musk and Twitter for allegedly threatening …
After getting three applicants in 2022, India opens new applications for setting up semiconductor and display fabs under its $10B chip incentive scheme
The Financial Express :
Some Apple Savings Account users have had trouble transferring money from their accounts; Goldman representatives have given differing responses on what to do
Some customers said it has taken weeks to withdraw their money, and that the bank's instructions have differed
Ultraleap unveils the $140 hand-tracking module Leap Motion 2, its first since the original in 2013, with support for standalone headsets, and opens preorders
The Daily Roundup Newsletter — Keep your finger on the pulse of the XR industry with the Daily Roundup, the most important news in one daily email.
Reddit client Apollo's developer says Reddit plans to charge $12K for 50M API requests and that he would need to pay $20M per year to keep operating the app
and that's a problem for everyone Nadeem Sarwar / SlashGear : Reddit Joins Twitter In Squeezing Devs With Unreasonable Fees John Gruber / Daring Fireball : Reddit API Pricing Would Cost Apollo Develop...
Activision CEO Bobby Kotick says he was humbled and outraged by toxic workplace culture claims and blames “outside forces” for most of Activision's image issues
Apple touts an Analysis Group study saying its App Store ecosystem generated $1.1T in 2022, up 29% YoY; $910B came from the sale of physical goods and services
Sarah Perez / TechCrunch :
As ASML reaches a ~€275B market cap, twice that of Intel, a look at the fundamental limits on making ever-smaller chips, which could finally end Moore's Law
For decades, ever-tinier semiconductors have allowed huge leaps in computing progress. Not for much longer, warn experts Bluesky: @revan.bsky.social . Tweets: @jasoncosta , @adam_tooze , @graphcoreai...
Investigation: of 14 laptops with trackers given to UK retailers to recycle, 10 were recycled correctly; others were sold, likely stolen, or took long journeys
Every year about 30,000 tonnes of electronic waste is illegally shipped out of Britain. Much is destined for developing countries … Tweets: @willgreenpeace , @restartproject , @alexandraheal , @upyor...
Some IT executives say generative AI lowers the barrier for code creation, which could result in growing levels of complexity, technical debt, and confusion
Chief information officers could see their job getting more complex even as generative AI makes software development easier Tweets: @chrismattmann , @wavesblog , and @nyike Tweets: Chris Mattmann / @c...
Match Group plans to launch gay dating app Archer in NYC, LA, and DC in the coming months, the company's first gay-specific app for men
Jessica Bursztynsky / Fast Company :
Evident: at some banks, about 40% of all open job roles are AI-related; JPMorgan advertised 3,651 AI-related roles from February 2023 through April 2023
Deutsche Bank AG is using artificial intelligence to scan wealthy client portfolios. ING Group NV is screening for potential defaulters.
Torrent site RARBG, founded in 2008, shuts down and stops all its content releases, citing COVID-related health problems, Russia's war in Ukraine, and inflation
LA- and Bengaluru-based hyperspectral imagery startup Pixxel raised a $36M Series B led by Google, after launching three demonstration satellites in 2022
Aria Alamalhodaei / TechCrunch :
Oppo announces MR Glass Developer Edition, a headset designed for developers in China to create mixed reality apps, powered by Qualcomm's Snapdragon XR2 Plus
Arjun Kharpal / CNBC :
Filing: the Ontario Securities Commission opened an investigation on May 10 into Binance attempting to skirt regulations; Binance withdrew from Canada on May 12
C3.ai drops 20%+ after its FY revenue outlook of 11%-20% growth to a $307.5M midpoint fell below estimates; AI jumped 258% in 2023 and 45% since Nvidia earnings
Brody Ford / Bloomberg :
Meta asks a US federal court to block the FTC's attempt on May 3 to change the 2020's $5B privacy settlement, which the FTC alleges the company has violated
San Diego-based Measurabl, which makes carbon footprint management tools for properties, raised a $93M Series D led by Energy Impact Partners and Sway Ventures
Mike Freeman / San Diego Union-Tribune :
KPMG, Coatue, VC firm Headline, and other investors are using AI to help pick acquisition targets and startups for investment, hoping for an edge over rivals
Accountancy firm KPMG, hedge fund Coatue and VC firm Headline among those incorporating the technology Tweets: @psb_dc Tweets: @psb_dc : I have so many questions ... first off, how do we handle the bi...
Salesforce reports Q1 revenue up 11% YoY to $8.25B, vs. $8.18B est., capital expenditures up 36% YoY to $243M, vs. $205M est., and raises Q2 guidance above est.
and it says its controversial ‘performance culture’ is to thank Mike Wheatley / SiliconANGLE : Salesforce delivers to expectations but contract delays and rising capital costs weigh on stock Kevin McL...
Berlin-based travel experiences marketplace GetYourGuide raised $194M, with an $85M Series F and a $109M revolving credit facility, at a $2B valuation
Ingrid Lunden / TechCrunch :
Bengaluru-based Capillary Technologies, whose SaaS helps companies manage their loyalty programs, raised a $45M Series D, bringing its total funding to ~$150M
Jagmeet Singh / TechCrunch :
Amazon plans to roll out AI to 12 fulfillment centers to help find damaged goods and says the tech is 3x as effective at spotting damage than a warehouse worker
Liz Young / Wall Street Journal :
Google's head of communications and public affairs, Corey duBrowa, will leave the company in June 2023 to serve as the CEO of global PR firm Burson Cohn & Wolfe
Eleanor Hawkins / Axios :
Cortex, which sells an internal developer portal for teams making software at scale, raised a $35M Series B led by IVP, taking its total funding to nearly $53M
Frederic Lardinois / TechCrunch :
Sources: NYC-based Runway, which uses AI to let users generate videos from text descriptions, raised ~$100M from Google and others at a ~$1.5B valuation
Kate Clark / The Information :
A profile of AMD CEO Lisa Su, who orchestrated one of the great tech turnarounds after her 2014 takeover, as the company attempts to take Nvidia's AI chip crown
CrowdStrike reports Q1 revenue up 42% YoY to $692.6M, vs. $676.4M est., and ARR up 42% YoY to $2.73B, slower than the 61% growth in Q1 2023; CRWD drops 10%+
Rohan Goswami / CNBC :
Boston-based Lightmatter, which uses light for AI computing, raised a $154M Series C from Fidelity, GV, and others, and claims to have tripled its valuation
Lightmatter Raises $154M to Deliver Photonic Products to Customers Jenna D'Illard / Crunchbase News : These AI Investors Are Following The Light By Giving This Startup $154M
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