Bloomberg:
Google DeepMind CEO Demis Hassabis says AI breakthroughs in biology research could be a $100B+ business, commercialized via DeepMind spinout Isomorphic Labs — First AI-designed drugs may be ready for testing in “next couple of years,” Google’s AI boss Demis Hassabis tells Bloomberg Television
Google DeepMind and Isomorphic Labs detail AlphaFold 3, an AI model of life’s building blocks and their interactions within cells, with sophisticated forecasts (Michael Peel/Financial Times)
Michael Peel / Financial Times:
Google DeepMind and Isomorphic Labs detail AlphaFold 3, an AI model of life’s building blocks and their interactions within cells, with sophisticated forecasts — AlphaFold 3 aims to reveal biological secrets and boost drug search efforts — Google DeepMind has unveiled …
Microsoft plans to add a new auto-complete feature that offers suggestions to improve AI prompts to Copilot for Microsoft 365 in the coming months (Tom Warren/The Verge)
Tom Warren / The Verge:
Microsoft plans to add a new auto-complete feature that offers suggestions to improve AI prompts to Copilot for Microsoft 365 in the coming months — Microsoft is attempting to solve the problem of coming up with a good prompt for generative AI, aiming to turn everyone into a prompt engineer.
DatologyAI, which aims to help researchers better curate AI training datasets, raised a $46M Series A led by Felicis, after a $11.65M seed in February 2024 (Stephanie Palazzolo/The Information)
Stephanie Palazzolo / The Information:
DatologyAI, which aims to help researchers better curate AI training datasets, raised a $46M Series A led by Felicis, after a $11.65M seed in February 2024 — For all that’s leaked about the sizes and architectures of the advanced large language models developed by OpenAI and its ilk …
Israeli drone startup Xtend, which lets operators orchestrate teams of drones and robots, raised $40M led by Chartered Group at a ~$110M post-money valuation (Kyle Wiggers/TechCrunch)
Kyle Wiggers / TechCrunch:
Israeli drone startup Xtend, which lets operators orchestrate teams of drones and robots, raised $40M led by Chartered Group at a ~$110M post-money valuation — Close to a decade ago, brothers Aviv and Matteo Shapira co-founded Replay, a company that created a video format for 360-degree replays …
Intel expects Q2 revenue to be “below the midpoint” of the previously guided $12.5B to $13.5B range after a new US ban on Huawei chip exports (Lynn Doan/Bloomberg)
Lynn Doan / Bloomberg:
Intel expects Q2 revenue to be “below the midpoint” of the previously guided $12.5B to $13.5B range after a new US ban on Huawei chip exports — Intel Corp. expects second-quarter revenue to fall below the midpoint of previously issued projections because of a new US ban on chip exports to Huawei Technologies Co.
Sources: US prosecutors are examining if Tesla committed securities or wire fraud by misleading investors and consumers about Autopilot and Full Self-Driving (Reuters)
Reuters:
Sources: US prosecutors are examining if Tesla committed securities or wire fraud by misleading investors and consumers about Autopilot and Full Self-Driving — U.S. prosecutors are examining whether Tesla (TSLA.O) committed securities or wire fraud by misleading investors and consumers …
The Connectivity Standards Alliance releases Matter 1.3, adding support for more appliances, energy and water management, and new casting protocol features (Jennifer Pattison Tuohy/The Verge)
Jennifer Pattison Tuohy / The Verge:
The Connectivity Standards Alliance releases Matter 1.3, adding support for more appliances, energy and water management, and new casting protocol features — The latest Matter spec brings a number of improvements to the smart home standard founded by Apple, Google, Amazon, and Samsung.
Uber reports Q1 revenue up 15% YoY to $10.1B, Gross Bookings up 20% YoY to $37.7B, below $38B est., and adjusted EBITDA up 82% YoY to $1.4B; UBER falls 10%+ (Natalie Lung/Bloomberg)
Natalie Lung / Bloomberg:
Uber reports Q1 revenue up 15% YoY to $10.1B, Gross Bookings up 20% YoY to $37.7B, below $38B est., and adjusted EBITDA up 82% YoY to $1.4B; UBER falls 10%+ — – Bookings growth still tops 20% on rides, order frequency gains — Operating profit falls on anticipated legal fees, settlements
Chinese government data: foreign-branded smartphones shipments, most of which are iPhones, grew 12% YoY to 3.75M in March, reversing a 37% drop in early 2024 (Bloomberg)
Bloomberg:
Chinese government data: foreign-branded smartphones shipments, most of which are iPhones, grew 12% YoY to 3.75M in March, reversing a 37% drop in early 2024 — – The performance marks an improvement from the start of 2024 — The bounce emerged after Apple and its resellers cut prices
