Ingrid Lunden / TechCrunch:
Akamai agrees to acquire Noname Security, which finds and fixes API vulnerabilities, for ~$450M, closing in Q2 2024; Noname was valued at $1B in December 2021 — A couple of weeks ago, TechCrunch broke the news that Akamai was in discussions to acquire Noname Security, a specialist in API security, for around $500 million.
UK banking app Revolut launches Revolut X, a crypto trading service to let “experienced traders” buy and sell 100+ different tokens, with 0% to 0.09% fees (Aisha S Gani/Bloomberg)
Aisha S Gani / Bloomberg:
UK banking app Revolut launches Revolut X, a crypto trading service to let “experienced traders” buy and sell 100+ different tokens, with 0% to 0.09% fees — The new platform, called Revolut X, will allow “experienced traders” to buy and sell over 100 different tokens, according to a statement on Tuesday.
MITRE, a federally funded, not-for-profit US research organization, plans to build a $20M supercomputer with Nvidia to build AI tools for the federal government (Eva Dou/Washington Post)
Eva Dou / Washington Post:
MITRE, a federally funded, not-for-profit US research organization, plans to build a $20M supercomputer with Nvidia to build AI tools for the federal government — The $20 million AI ‘sandbox’ will allow federal agencies from the Pentagon to the IRS to test cutting-edge technologies.
Sources and messages: Binance compliance officer Tigran Gambaryan told executives and Nigerian contacts of a $150M crypto bribe request, prior to his arrest (New York Times)
New York Times:
Sources and messages: Binance compliance officer Tigran Gambaryan told executives and Nigerian contacts of a $150M crypto bribe request, prior to his arrest — A compliance officer for the cryptocurrency exchange told senior executives and Nigerian contacts that the company had been asked to pay $150 million in crypto.
German chipmaker Infineon cuts its revenue forecast in the year to September 2024 to €15.1B, below €15.7B est., signaling automotive chip demand remains weak (Bloomberg)
Bloomberg:
German chipmaker Infineon cuts its revenue forecast in the year to September 2024 to €15.1B, below €15.7B est., signaling automotive chip demand remains weak — – Revenue projected to fall to €14.7 billion from €15.5 billion — Demand from carmakers is growing at slower rate than expected
OpenAI releases a tool to detect DALL-E 3-created images, claiming 98% accuracy for unaltered images, and joins Microsoft and Adobe’s content credentials group (Deepa Seetharaman/Wall Street Journal)
Deepa Seetharaman / Wall Street Journal:
OpenAI releases a tool to detect DALL-E 3-created images, claiming 98% accuracy for unaltered images, and joins Microsoft and Adobe’s content credentials group — Startup’s new tool detects 98% of pictures generated by its DALL-E 3 system, but success drops if the images are altered
US and Chinese diplomats plan to meet later in May to find common ground on AI usage and situations where AI should be banned, like controlling nuclear arsenals (David E. Sanger/New York Times)
David E. Sanger / New York Times:
US and Chinese diplomats plan to meet later in May to find common ground on AI usage and situations where AI should be banned, like controlling nuclear arsenals — The new U.S. approach to cyberthreats comes as early optimism about a “global internet” connecting the world has been shattered.
OpenSecrets: crypto sector-backed super PACs have raised $102M+ so far, the third-most of 2024 election PACs, including $54M from companies like Coinbase (Rick Claypool/Public Citizen)
Rick Claypool / Public Citizen:
OpenSecrets: crypto sector-backed super PACs have raised $102M+ so far, the third-most of 2024 election PACs, including $54M from companies like Coinbase — Key Findings — Super PACs backed by the cryptocurrency sector have raised more than $102 million, the third-most of all super PACs engaged …
Nintendo President Shuntaro Furukawa says the company plans to announce its Switch successor in the coming year; the Switch has sold 141M+ units since 2017 (Takashi Mochizuki/Bloomberg)
Takashi Mochizuki / Bloomberg:
Nintendo President Shuntaro Furukawa says the company plans to announce its Switch successor in the coming year; the Switch has sold 141M+ units since 2017 — – Company missed profit estimates for the March quarter — Outlook falls shy of expectations as flagship console ages
Nintendo reports net profit up 13% YoY to ~$3.2B in the past fiscal year and expects profit to drop 39% YoY and revenue to drop 19% YoY in this fiscal year (Kosaku Narioka/Wall Street Journal)
Kosaku Narioka / Wall Street Journal:
Nintendo reports net profit up 13% YoY to ~$3.2B in the past fiscal year and expects profit to drop 39% YoY and revenue to drop 19% YoY in this fiscal year — The Japanese videogame maker expects revenue to fall 19% for the fiscal year that started in April 1
