Mark Gurman / Bloomberg:
Sources: Apple’s first server chips for its upcoming AI features will be the M2 Ultra; simpler AI tasks will be processed directly on iPhones, iPads, and Macs — – Company puts Mac-grade chips in data centers for fall launch — Apple to offer features using on-device and cloud approaches
Indian investment app Groww moves its domicile back to India from the US, as some Indian startups relocate overseas entities to align with India’s new rules (Manish Singh/TechCrunch)
Manish Singh / TechCrunch:
Indian investment app Groww moves its domicile back to India from the US, as some Indian startups relocate overseas entities to align with India’s new rules — Groww, an Indian investment app, has become one of the first startups from the country to shift its domicile back to India from the U.S. …
US smartphone shipments fell 8% YoY in Q1 2024, the sixth consecutive quarter of decline; Samsung’s market share grew to 31%; Apple’s share remained flat at 52% (Counterpoint Research)
Counterpoint Research:
US smartphone shipments fell 8% YoY in Q1 2024, the sixth consecutive quarter of decline; Samsung’s market share grew to 31%; Apple’s share remained flat at 52% — – US smartphone shipments declined 8% YoY in Q1 2024, the sixth consecutive quarter showing a YoY decline.
Reddit releases a new content policy, including a ban on AI data licensees from using deleted posts or comments; Reddit expects $60M+ in 2024 licensing revenue (Aisha Counts/Bloomberg)
Aisha Counts / Bloomberg:
Reddit releases a new content policy, including a ban on AI data licensees from using deleted posts or comments; Reddit expects $60M+ in 2024 licensing revenue — – Social media company restricts data use by AI companies — Reddit expects to generate $60 million from licensing in 2024
Dell warns customers of a data breach after a threat actor claimed to have stolen data for ~49M customers, but says financial and payment data was not stolen (Lawrence Abrams/BleepingComputer)
Lawrence Abrams / BleepingComputer:
Dell warns customers of a data breach after a threat actor claimed to have stolen data for ~49M customers, but says financial and payment data was not stolen — Dell is warning customers of a data breach, after a threat actor claimed to have stolen information for approximately 49 million customers.
As part of its Model Spec release, OpenAI says it is considering letting developers and users “responsibly” create “NSFW content in age-appropriate contexts” (Dan Milmo/The Guardian)
Dan Milmo / The Guardian:
As part of its Model Spec release, OpenAI says it is considering letting developers and users “responsibly” create “NSFW content in age-appropriate contexts” — Critics say ChatGPT creator’s proposal to allow erotica, slurs and other adult content undermines its mission statement
Alibaba releases Qwen2.5, says its Qwen models are used by 90K+ companies; OpenCompass: Qwen2.5 beats GPT-4 in language, creation but not knowledge, reasoning (Sheila Chiang/CNBC)
Sheila Chiang / CNBC:
Alibaba releases Qwen2.5, says its Qwen models are used by 90K+ companies; OpenCompass: Qwen2.5 beats GPT-4 in language, creation but not knowledge, reasoning — The logo of the Alibaba office building is seen in the Huangpu District in Shanghai, June 16, 2023.
Sonos responds to criticism of its app redesign, saying it takes “courage to rebuild” a product from the ground up and it plans to reintroduce missing features (Chris Welch/The Verge)
Chris Welch / The Verge:
Sonos responds to criticism of its app redesign, saying it takes “courage to rebuild” a product from the ground up and it plans to reintroduce missing features — In the days since, customers have complained about missing features like sleep timers, broken local music library management …
Roblox reports Q1 revenue up 22% YoY to $801M, bookings up 19% YoY to $923M, DAUs up 17% YoY to 77.7M, and cuts its full-year bookings forecast; RBLX drops 30% (Zaheer Kachwala/Reuters)
Zaheer Kachwala / Reuters:
Roblox reports Q1 revenue up 22% YoY to $801M, bookings up 19% YoY to $923M, DAUs up 17% YoY to 77.7M, and cuts its full-year bookings forecast; RBLX drops 30% — Roblox (RBLX.N) cut its annual bookings forecast on Thursday, in a sign that people were dialing back on spending within …
SMIC reports Q1 revenue up 4.3% YoY to $1.75B, vs. $1.69B est., and a $71.8M net income, vs. $76.8M est., as consumer sentiment remains weak in China (Bloomberg)
Bloomberg:
SMIC reports Q1 revenue up 4.3% YoY to $1.75B, vs. $1.69B est., and a $71.8M net income, vs. $76.8M est., as consumer sentiment remains weak in China — – Net income was $71.8 million in the three months to March — SMIC expects revenue to rise by 5%-7% in April-June quarter
