Dan Primack / Axios:
SVB agrees to sell its VC arm SVB Capital, which manages ~$9.8B in assets, to a new entity backed by Brookfield and Sequoia Heritage for $340M in cash — – SVB Capital wasn’t included in the sale of SVB’s lending and wealth management units to North Carolina-based bank First Citizens …
Microsoft outlines security principles and goals tied to executive compensation packages, following a scathing US Cyber Safety Review Board report in April 2024 (Tom Warren/The Verge)
Tom Warren / The Verge:
Microsoft outlines security principles and goals tied to executive compensation packages, following a scathing US Cyber Safety Review Board report in April 2024 — – Protect identities and secrets. … – Protect tenants and isolate production systems. … – Protect networks.
The FCC warns that rural areas may lose cell service if Congress does not fill a $3B funding shortfall for US carriers to replace Huawei and ZTE equipment (Eva Dou/Washington Post)
Eva Dou / Washington Post:
The FCC warns that rural areas may lose cell service if Congress does not fill a $3B funding shortfall for US carriers to replace Huawei and ZTE equipment — The FCC chairwoman warns that rural areas are set to lose cell service if Congress does not fill a $3 billion shortfall in funding to replace Chinese technology.
What to expect from Apple’s May 7 event: new iPad Pros, possibly with M4 chips, updated iPad Air and Pencil, but AI features may not get a “formal unveiling” (Mark Gurman/Bloomberg)
Mark Gurman / Bloomberg:
What to expect from Apple’s May 7 event: new iPad Pros, possibly with M4 chips, updated iPad Air and Pencil, but AI features may not get a “formal unveiling” — Company gears up to update its tablets for the first time since 2022 — It’s been more than 18 months since Apple Inc …
Sources: Bill Gates remains intimately involved in Microsoft’s operations, advising on strategy, nurturing Microsoft’s relationship with Sam Altman, and more (Ashley Stewart/Business Insider)
Ashley Stewart / Business Insider:
Sources: Bill Gates remains intimately involved in Microsoft’s operations, advising on strategy, nurturing Microsoft’s relationship with Sam Altman, and more — Insiders say he’s still pulling the strings at Microsoft — In 2017, just before Microsoft forged a partnership …
A committee of UK legislators says the government’s reticence to address alleged copyright theft is a “de facto endorsement” of the way tech firms build LLMs (Lindsay Clark/The Register)
Lindsay Clark / The Register:
A committee of UK legislators says the government’s reticence to address alleged copyright theft is a “de facto endorsement” of the way tech firms build LLMs — A committee of UK legislators has slammed the government for its response to alleged copyright theft as a …
Germany says it found evidence that Russian state-backed hacker Fancy Bear was behind a cyberattack in 2023 that took down several German government websites (Lisa O’Carroll/The Guardian)
Lisa O’Carroll / The Guardian:
Germany says it found evidence that Russian state-backed hacker Fancy Bear was behind a cyberattack in 2023 that took down several German government websites — Foreign minister says investigation found Fancy Bear group was behind attack that took down several websites
Filing: Google pushes back on Epic’s demands following its antitrust win, says the proposed remedies are “unnecessary” and “far beyond the scope” of the verdict (Sarah Perez/TechCrunch)
Sarah Perez / TechCrunch:
Filing: Google pushes back on Epic’s demands following its antitrust win, says the proposed remedies are “unnecessary” and “far beyond the scope” of the verdict — In a new filing, Google is pushing back against Fortnite maker Epic Games’ numerous proposed remedies …
Estonian ride-hailing and scooter rentals startup Bolt Technology secures a €220M credit facility which it believes will help prepare the company for an IPO (Mark Bergen/Bloomberg)
Mark Bergen / Bloomberg:
Estonian ride-hailing and scooter rentals startup Bolt Technology secures a €220M credit facility which it believes will help prepare the company for an IPO — Bolt Technology OU has secured a €220 million ($235 million) credit facility that the Estonian mobility company says will help it prepare for a public offering.
Stock photographers prepare for AI disruption, as stock photo companies say traditional photography still has a market but work on building their own AI tools (Katie Deighton/Wall Street Journal)
Katie Deighton / Wall Street Journal:
Stock photographers prepare for AI disruption, as stock photo companies say traditional photography still has a market but work on building their own AI tools — Digital photography ravaged the business of taking and licensing commercial photos. Some fear AI will kill it off entirely.
