Min Jeong Lee / Bloomberg:
Filings: SoftBank’s Vision Fund has seen its US portfolio shrink by ~$29B since the end of 2021 as, sources say, Masayoshi Son plans forays into AI and chips — Masayoshi Son turns away from aggressive style of venture capital investing, leaving the fund’s reduced staff as mostly caretakers.
Sources: tech lobbying group NetChoice has kicked TikTok off of its membership after facing pressure from the office of House Majority Leader Steve Scalise (Politico)
Politico:
Sources: tech lobbying group NetChoice has kicked TikTok off of its membership after facing pressure from the office of House Majority Leader Steve Scalise — NetChoice, a right-of-center tech lobbying group, dumped the video app following scrutiny from GOP leadership on Capitol Hill.
Employees say Oracle Health, formerly Cerner, has lost at least 12 of its major clients and product innovation has taken a backseat to upgrading legacy systems (Brody Ford/Bloomberg)
Brody Ford / Bloomberg:
Employees say Oracle Health, formerly Cerner, has lost at least 12 of its major clients and product innovation has taken a backseat to upgrading legacy systems — Larry Ellison promised to modernize antiquated health-care technology. The reality has been more daunting.
The Pentagon says it worked with Ukraine and SpaceX to successfully block Russian military use of Starlink; some Russian users complain of connectivity issues (Anthony Capaccio/Bloomberg)
Anthony Capaccio / Bloomberg:
The Pentagon says it worked with Ukraine and SpaceX to successfully block Russian military use of Starlink; some Russian users complain of connectivity issues — – Russian military has used Starlink internet in Ukraine war — Departing space policy chief calls SpaceX ‘very reliable’
South Korea-based DEEPX, which is building on-device AI chips, raised an ~$80M Series C led by SkyLake at a ~$529M valuation, taking its total funding to ~$95M (Kate Park/TechCrunch)
Kate Park / TechCrunch:
South Korea-based DEEPX, which is building on-device AI chips, raised an ~$80M Series C led by SkyLake at a ~$529M valuation, taking its total funding to ~$95M — DEEPX is a South Korean on-device AI chip (NPU, or neural processing unit) startup that makes hardware and software for various AI applications in electronic devices.
Microsoft plans to launch its mobile game store in July on the web, first with its own games including Candy Crush Saga, and later open it to other publishers (Bloomberg)
Bloomberg:
Microsoft plans to launch its mobile game store in July on the web, first with its own games including Candy Crush Saga, and later open it to other publishers — The browser-based store will debut with Microsoft’s own games, offering discounts on in-game items associated with titles like Candy Crush Saga.
Unity reports Q1 revenue down 8% YoY to $460M, vs. $433M est., a $291M net loss, including $212M of restructuring costs, compared with a $254M loss in Q1 2023 (Emily Bary/MarketWatch)
Emily Bary / MarketWatch:
Unity reports Q1 revenue down 8% YoY to $460M, vs. $433M est., a $291M net loss, including $212M of restructuring costs, compared with a $254M loss in Q1 2023 — Matt Bromberg, previously Zynga’s chief operating officer, will take over as Unity’s CEO later in May
Unity reports Q1 revenue down 8% YoY to $460M, vs. $433M est., a $291M net loss, including $212M of restructuring costs, compared with a $254M loss in Q1 2023 (Emily Bary/MarketWatch)
Emily Bary / MarketWatch:
Unity reports Q1 revenue down 8% YoY to $460M, vs. $433M est., a $291M net loss, including $212M of restructuring costs, compared with a $254M loss in Q1 2023 — Matt Bromberg, previously Zynga’s chief operating officer, will take over as Unity’s CEO later in May
Sources: OpenAI plans to announce its AI-powered search product on May 13 (Anna Tong/Reuters)
Anna Tong / Reuters:
Sources: OpenAI plans to announce its AI-powered search product on May 13 — OpenAI plans to announce its artificial intelligence-powered search product on Monday, according to two sources familiar with the matter, raising the stakes in its competition with search king Google.
Sources: OpenAI plans to announce its AI-powered search product on May 13 (Anna Tong/Reuters)
Anna Tong / Reuters:
Sources: OpenAI plans to announce its AI-powered search product on May 13 — OpenAI plans to announce its artificial intelligence-powered search product on Monday, according to two sources familiar with the matter, raising the stakes in its competition with search king Google.
