Financial Times:
Baidu VP Qu Jing posted several videos on Douyin demeaning staff, intended to promote Baidu, that reignited criticism of Chinese tech companies’ work culture — Baidu’s public relations head tells staff she can ruin careers and needs them to work constantly in series of social media videos
Binance sources and documents: internal investigators, dismissed in late 2023, found evidence of market manipulation by DWF Labs and secret trading accounts (Wall Street Journal)
Wall Street Journal:
Binance sources and documents: internal investigators, dismissed in late 2023, found evidence of market manipulation by DWF Labs and secret trading accounts — Former company insiders say the firing of an internal investigator showed that the crypto exchange neglected evidence of market manipulation.
Some Singaporean writers are resisting their government’s request to use their works to train a multilingual LLM, citing little clarity on compensation and more (Nicholas Yong/Rest of World)
Nicholas Yong / Rest of World:
Some Singaporean writers are resisting their government’s request to use their works to train a multilingual LLM, citing little clarity on compensation and more — Singapore’s literary community is pushing back against an official effort to train LLMs using their published works, part of a growing global resistance.
Huawei Pura 70 Pro teardown: the 7nm Kirin 9010 is only marginally better than Kirin 9000S, and the majority of the chips are designed and manufactured in China (Shahram Mokhtari/iFixit News)
Shahram Mokhtari / iFixit News:
Huawei Pura 70 Pro teardown: the 7nm Kirin 9010 is only marginally better than Kirin 9000S, and the majority of the chips are designed and manufactured in China — Huawei released the Pura 70 line of smartphones in April 2024 and it’s already made a bit of a stir.
SIA and BCG: by 2032, the US will have the capacity to manufacture 28% of chips below 10nm, while China is expected to make only 2% of the most advanced chips (Nikkei Asia)
Nikkei Asia:
SIA and BCG: by 2032, the US will have the capacity to manufacture 28% of chips below 10nm, while China is expected to make only 2% of the most advanced chips — U.S. set to triple its semiconductor manufacturing capacity due to CHIPS Act — LOS ANGELES — The U.S. is set to more than triple …
Town hall: Xbox Game Studios head Matt Booty discussed wanting small and prestigious games, after closing the studio behind a small, prestigious hit Hi-Fi Rush (Ash Parrish/The Verge)
Ash Parrish / The Verge:
Town hall: Xbox Game Studios head Matt Booty discussed wanting small and prestigious games, after closing the studio behind a small, prestigious hit Hi-Fi Rush — Today, one day after Microsoft announced that it would shut down four of its games studios, Matt Booty, head of Xbox Game Studios …
RunPod, which offers a globally distributed GPU cloud platform for developing and deploying AI, raised a $20M seed co-led by Intel Capital and Dell Technologies (James Thomason/VentureBeat)
James Thomason / VentureBeat:
RunPod, which offers a globally distributed GPU cloud platform for developing and deploying AI, raised a $20M seed co-led by Intel Capital and Dell Technologies — RunPod’s platform attracts over 100,000 developers with focus on iteration speed and ease of use
Sources: Microsoft plans more cuts after closing several game studios, as the massive Activision acquisition has ramped up scrutiny on the Xbox division (Jason Schreier/Bloomberg)
Jason Schreier / Bloomberg:
Sources: Microsoft plans more cuts after closing several game studios, as the massive Activision acquisition has ramped up scrutiny on the Xbox division — Xbox is offering voluntary severance agreements to producers, quality assurance testers and other staff at ZeniMax as part of a broader cost-cutting initiative
Bumble reports Q1 revenue up 10.2% YoY to $267.8M, vs. $265.5M est., total paying users of ~4M, up from 3.5M a year ago, and expects Q2 revenue below estimates (Jaspreet Singh/Reuters)
Jaspreet Singh / Reuters:
Bumble reports Q1 revenue up 10.2% YoY to $267.8M, vs. $265.5M est., total paying users of ~4M, up from 3.5M a year ago, and expects Q2 revenue below estimates — Bumble (BMBL.O) beat Wall Street estimates for first-quarter revenue on Wednesday helped by growth in its paying users …
Boeing confirms that LockBit attempted to extort a $200M ransom in October 2023; the company reportedly didn’t pay any ransom after ~43GB of its data was posted (AJ Vicens/CyberScoop)
AJ Vicens / CyberScoop:
Boeing confirms that LockBit attempted to extort a $200M ransom in October 2023; the company reportedly didn’t pay any ransom after ~43GB of its data was posted — That attempt was one of multiple “extremely large” ransom demands made by LockBit over the years, authorities said.
