Kimberley Kao / Wall Street Journal:
Grab raises its annual forecast for adjusted EBITDA to $250M-$270M, up from $180M-$200M previously, after Q1 net loss narrowed to $104M from $244M a year ago — The ride-hailing and delivery specialist left its forecast for a 14%-17% rise in full-year revenue unchanged.
Microsoft unveils the Proteus Controller, a $299 modular game controller kit for disabled Xbox and PC gamers by peripheral company ByoWave, shipping in the fall (Sheena Vasani/The Verge)
Sheena Vasani / The Verge:
Microsoft unveils the Proteus Controller, a $299 modular game controller kit for disabled Xbox and PC gamers by peripheral company ByoWave, shipping in the fall — On Wednesday, Microsoft announced the Proteus Controller, a $299 modular video game controller kit that lets Xbox gamers with disabilities customize their controllers.
YouTube formally launches YouTube Select Creator Takeovers, which will let advertisers buy out the inventory on channels representing top 1% of YouTube content (Todd Spangler/Variety)
Todd Spangler / Variety:
YouTube formally launches YouTube Select Creator Takeovers, which will let advertisers buy out the inventory on channels representing top 1% of YouTube content — Video platform also inks deal to bring WNBA Friday night games to YouTube TV … At its annual Brandcast event …
Consumers protection groups across the EU file coordinated complaints against Temu, accusing the e-commerce platform of a raft of breaches related to the DSA (Natasha Lomas/TechCrunch)
Natasha Lomas / TechCrunch:
Consumers protection groups across the EU file coordinated complaints against Temu, accusing the e-commerce platform of a raft of breaches related to the DSA — Consumer protection groups around the European Union have filed coordinated complaints against Temu, accusing …
Source: Microsoft is asking about 700 to 800 employees involved in its China-based AI and cloud computing operations to consider relocating to other countries (Wall Street Journal)
Wall Street Journal:
Source: Microsoft is asking about 700 to 800 employees involved in its China-based AI and cloud computing operations to consider relocating to other countries — Request comes as Biden administration toughens controls on China’s access to cutting-edge American technology
In the first high-level AI talks in Geneva, the US raised concerns about China’s “misuse of AI” while China chided the US over “restrictions and pressure” on AI (Associated Press)
Associated Press:
In the first high-level AI talks in Geneva, the US raised concerns about China’s “misuse of AI” while China chided the US over “restrictions and pressure” on AI — U.S. officials raised concerns about China’s “misuse of AI” while Beijing’s representatives rebuked Washington over …
Visa rolls out tech that will allow it to share more data about customers’ preferences based on their shopping history with retailers via proprietary “tokens” (Paige Smith/Bloomberg)
Paige Smith / Bloomberg:
Visa rolls out tech that will allow it to share more data about customers’ preferences based on their shopping history with retailers via proprietary “tokens” — – Consumers’ preferences to be shared via proprietary tokens — Firm competing with fintech newcomers, fellow giant Mastercard
Bolt co-founder Ryan Breslow settles with investor Activant Capital, ending a lawsuit that accused Breslow of saddling the company with $30M in personal debt (Sarah Emerson/Forbes)
Sarah Emerson / Forbes:
Bolt co-founder Ryan Breslow settles with investor Activant Capital, ending a lawsuit that accused Breslow of saddling the company with $30M in personal debt — The founder and former CEO of payments platform Bolt was sued by investor Activant Capital last year, who claimed he breached his duties to the company.
Oklahoma Governor Kevin Stitt signs a bill protecting bitcoin rights, ensuring the right to self-custody, transact, and mine bitcoin, effective November 1, 2024 (Susie Violet Ward/Forbes)
Susie Violet Ward / Forbes:
Oklahoma Governor Kevin Stitt signs a bill protecting bitcoin rights, ensuring the right to self-custody, transact, and mine bitcoin, effective November 1, 2024 — Oklahoma has made a landmark move by passing a bill to protect bitcoin rights. Governor Kevin Stitt signed the bill into law on May 13, 2024.
Source: Stability AI has talked to at least one potential buyer in recent weeks about a sale; it lost $30M+ in Q1 and owes ~$100M to cloud providers and others (Stephanie Palazzolo/The Information)
Stephanie Palazzolo / The Information:
Source: Stability AI has talked to at least one potential buyer in recent weeks about a sale; it lost $30M+ in Q1 and owes ~$100M to cloud providers and others — Stability AI, which has emerged as a poster child for investors’ rush to back unproven artificial intelligence startups …
