Robinhood CEO Vlad Tenev decries the “regulatory onslaught” and calls SEC’s actions “another improper attempt by the administrative state to stifle innovation” (André Beganski/Decrypt)

André Beganski / Decrypt:
Robinhood CEO Vlad Tenev decries the “regulatory onslaught” and calls SEC’s actions “another improper attempt by the administrative state to stifle innovation”  —  Though Robinhood Crypto thought its “safety-first” approach was distinct, the SEC said that enforcement action is on its way.

Red Hat announces RHEL AI, a platform for developing and running open source LLMs, and InstructLab, a community project to let experts enhance AI models (Bryson Masse/VentureBeat)

Bryson Masse / VentureBeat:
Red Hat announces RHEL AI, a platform for developing and running open source LLMs, and InstructLab, a community project to let experts enhance AI models  —  At Red Hat Summit 2024 in Denver, Colorado, the open source software leader announced major new initiatives to bring the power of generative AI to the enterprise.

President Biden signs the REPORT Act into law, which levies hefty fines against companies that neglect to report CSAM on their sites to the NCMEC’s CyberTipline (Lauren Forristal/TechCrunch)

Lauren Forristal / TechCrunch:
President Biden signs the REPORT Act into law, which levies hefty fines against companies that neglect to report CSAM on their sites to the NCMEC’s CyberTipline  —  On April 29, Senators Jon Ossoff (D-GA) and Marsha Blackburn (R-SC) proposed a bipartisan bill to protect children from online sexual exploitation.

IBM open sources its Granite code models for code generative tasks, trained on 116 programming languages, with models ranging in size from 3B to 34B parameters (Mike Murphy/IBM Research)

Mike Murphy / IBM Research:
IBM open sources its Granite code models for code generative tasks, trained on 116 programming languages, with models ranging in size from 3B to 34B parameters  —  Release  —  IBM is releasing a family of Granite code models to the open-source community.  The aim is to make coding as easy …

FTX says it will have as much as $16.3B to distribute once it finishes selling all of its assets; it owes customers and other non-governmental creditors ~$11B (Steven Church/Bloomberg)

Steven Church / Bloomberg:
FTX says it will have as much as $16.3B to distribute once it finishes selling all of its assets; it owes customers and other non-governmental creditors ~$11B  —  – Crypto customers to get interest on what FTX owes them  — Bankrupt firm updates plan to divide cash among creditors

The US revokes some licenses that allow companies to ship chips and other goods to Huawei; sources say the decision affects Intel and Qualcomm (Demetri Sevastopulo/Financial Times)

Demetri Sevastopulo / Financial Times:
The US revokes some licenses that allow companies to ship chips and other goods to Huawei; sources say the decision affects Intel and Qualcomm  —  Move marks latest effort by Biden administration to target the country’s tech sector  —  The Biden administration has revoked export licences …

Twilio reports Q1 revenue up 4% YoY to $1.05B vs. $1.03B est., 313K+ active customer accounts, and forecasts Q2 revenue below est.; TWLO drops 5%+ after hours (Jaspreet Singh/Reuters)

Jaspreet Singh / Reuters:
Twilio reports Q1 revenue up 4% YoY to $1.05B vs. $1.03B est., 313K+ active customer accounts, and forecasts Q2 revenue below est.; TWLO drops 5%+ after hours  —  Twilio (TWLO.N) forecast second-quarter revenue below Wall Street estimates on Tuesday, expecting a slowdown in demand as customers cut …

Memo: Microsoft’s Xbox division to shut down multiple Bethesda studios and consolidate teams to prioritize high-impact titles and invest in Bethesda’s portfolio (Wesley Yin-Poole/IGN)

Wesley Yin-Poole / IGN:
Memo: Microsoft’s Xbox division to shut down multiple Bethesda studios and consolidate teams to prioritize high-impact titles and invest in Bethesda’s portfolio  —  Staff told via email.  —  Microsoft has closed a number of Bethesda studios, including Redfall maker Arkane Austin …

A look at LPCAMM2, a totally modular, repairable, and upgradeable memory standard for laptops that doesn’t require soldering LPDDR chips to the motherboard (Carsten Frauenheim/iFixit News)

Carsten Frauenheim / iFixit News:
A look at LPCAMM2, a totally modular, repairable, and upgradeable memory standard for laptops that doesn’t require soldering LPDDR chips to the motherboard  —  If you’ve ever tried to “future-proof” a purchase by paying for everything you might eventually need up front, you know it can be a sucker’s game.