Natalie Lung / Bloomberg:
Instacart Q1: revenue up 8% YoY to $820M, vs. $794.5M est., gross transaction value up 11% to $8.32B; CFO Nick Giovanni is retiring, replaced by Emily Reuter — – Emily Reuter named CFO after joining Instacart six months ago — Instacart reports better-than-expected first-quarter results
Robinhood reports Q1 revenue up 40% YoY to $618M, vs. $549M est., crypto transaction revenue up 232% to $126M, net income of $157M, vs. a net loss of $511M YoY (Jesse Pound/CNBC)
Jesse Pound / CNBC:
Robinhood reports Q1 revenue up 40% YoY to $618M, vs. $549M est., crypto transaction revenue up 232% to $126M, net income of $157M, vs. a net loss of $511M YoY — Shares of Robinhood rose in extended trading Wednesday afternoon after the retail brokerage announced stronger-than-expected first-quarter results.
Airbnb reports Q1 revenue up 18% YoY to $2.14B, vs. $2.06B est., Nights and Experiences Booked up 9.5% to 132.6M, and forecasts Q2 revenue below expectations (Ashley Capoot/CNBC)
Ashley Capoot / CNBC:
Airbnb reports Q1 revenue up 18% YoY to $2.14B, vs. $2.06B est., Nights and Experiences Booked up 9.5% to 132.6M, and forecasts Q2 revenue below expectations — In this photo illustration, the Airbnb logo is displayed on a computer monitor and cell phone on February 13, 2024 in Los Angeles, California.
Ofcom proposes new rules requiring tech companies to change their algorithms to hide “toxic” material from children, have more robust age checks, and more (BBC)
BBC:
Ofcom proposes new rules requiring tech companies to change their algorithms to hide “toxic” material from children, have more robust age checks, and more — Ofcom has warned social media sites they could be named and shamed – and banned for under-18s – if they fail to comply with new online safety rules.
An investigation into AdVon, the company behind Sports Illustrated’s fake writers, finds its AI content and fake authors at the LA Times, Miami Herald, and more (Maggie Harrison/Futurism)
Maggie Harrison / Futurism:
An investigation into AdVon, the company behind Sports Illustrated’s fake writers, finds its AI content and fake authors at the LA Times, Miami Herald, and more — Remember that AI company behind Sports Illustrated’s fake writers? We did some digging — and it’s got tendrils into other surprisingly prominent publications.
Nigeria’s Information Ministry says Binance CEO Richard Teng “made false allegations of bribery” against unnamed Nigerian officials, after a $150M bribe claim (Ruth Olurounbi/Bloomberg)
Ruth Olurounbi / Bloomberg:
Nigeria’s Information Ministry says Binance CEO Richard Teng “made false allegations of bribery” against unnamed Nigerian officials, after a $150M bribe claim — – Government says allegation ‘lacks any iota of substance’ — Binance under pressure amid focus on crypto role in naira woes
Apple releases an iPad Pro ad, titled “Crush”, showing paints, toys, guitars, and more being crushed to reveal the device, drawing criticism on social media (William Gallagher/AppleInsider)
William Gallagher / AppleInsider:
Apple releases an iPad Pro ad, titled “Crush”, showing paints, toys, guitars, and more being crushed to reveal the device, drawing criticism on social media — The minute-long Apple ad showing art equipment and materials being crushed down into the new iPad Pro is being called heartbreaking, wanton, and creepy.
Google DeepMind CEO Demis Hassabis says AI breakthroughs in biology research could be a $100B+ business, commercialized via DeepMind spinout Isomorphic Labs (Bloomberg)
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.
