The Information:
Sources: ByteDance is exploring scenarios for selling a majority stake in TikTok US, preferably to non-tech companies, and without the recommendation algorithm — ByteDance is internally exploring scenarios for selling a majority stake in TikTok’s U.S. business, preferably to companies outside …
Google Meet rolls out an update to let users seamlessly transfer calls between devices “without hanging up and rejoining” via its Android, iOS, and web apps (Abner Li/9to5Google)
Abner Li / 9to5Google:
Google Meet rolls out an update to let users seamlessly transfer calls between devices “without hanging up and rejoining” via its Android, iOS, and web apps — Let’s say you start a call on your phone because you’re not at your desk yet. Once you get to a computer …
A look at AI video startup Synthesia, whose avatars are more human-like and expressive than predecessors, raising concerns over the consequences of realistic AI (Melissa Heikkilä/MIT Technology Review)
Melissa Heikkilä / MIT Technology Review:
A look at AI video startup Synthesia, whose avatars are more human-like and expressive than predecessors, raising concerns over the consequences of realistic AI — I’m stressed and running late, because what do you wear for the rest of eternity? — This makes it sound like I’m dying, but it’s the opposite.
Garry’s Mod is removing “all Nintendo related stuff” from its Steam Workshop, covering “20 years of uploads”, after receiving a takedown request from Nintendo (Andy Chalk/PC Gamer)
Andy Chalk / PC Gamer:
Garry’s Mod is removing “all Nintendo related stuff” from its Steam Workshop, covering “20 years of uploads”, after receiving a takedown request from Nintendo — Fans aren’t happy, as you can imagine. — Following a takedown request issued by Nintendo …
Interviews with 24+ current and ex-ByteDance staff: the Beijing-based company has increasingly taken a grip over TikTok’s operations, leading to a culture clash (Financial Times)
Financial Times:
Interviews with 24+ current and ex-ByteDance staff: the Beijing-based company has increasingly taken a grip over TikTok’s operations, leading to a culture clash — Insiders say ByteDance exerting increasing influence over platform despite US pressure over ownership
The US awards Micron up to $6.1B under the CHIPS Act, to support an up to $125B investment to build a “megafab” in New York and Idaho over the next 20 years (Ben Glickman/Wall Street Journal)
Ben Glickman / Wall Street Journal:
The US awards Micron up to $6.1B under the CHIPS Act, to support an up to $125B investment to build a “megafab” in New York and Idaho over the next 20 years — Micron Technology MU -.60%decrease; red down pointing triangle is receiving up to $6.1 billion from the federal government …
Franco-Italian chip company STMicro reports Q1 revenue down 18% YoY to $3.47B, below $3.63B est., and expects Q2 sales down 26% YoY to $3.2B, below $3.79B est. (Jillian Deutsch/Bloomberg)
Jillian Deutsch / Bloomberg:
Franco-Italian chip company STMicro reports Q1 revenue down 18% YoY to $3.47B, below $3.63B est., and expects Q2 sales down 26% YoY to $3.2B, below $3.79B est. — – Chipmaker says slower automotive demand hurt recent sales — Full-year forecast lowered to $14 billion to $15 billion
A look at Saudi Arabia’s spending blitz to become an AI superpower, which has put the kingdom in the middle of an escalating global competition over AI (New York Times)
New York Times:
A look at Saudi Arabia’s spending blitz to become an AI superpower, which has put the kingdom in the middle of an escalating global competition over AI — More than 200,000 people converged on the Leap tech conference in the desert outside Riyadh in March.Iman Al-Dabbagh for The New York Times
Filing: Swiggy, which has a ~45.8% share of the Indian food delivery market, secures shareholder approval for a potential $1.25B IPO, slated for later in 2024 (Manish Singh/TechCrunch)
Manish Singh / TechCrunch:
Filing: Swiggy, which has a ~45.8% share of the Indian food delivery market, secures shareholder approval for a potential $1.25B IPO, slated for later in 2024 — Swiggy plans to raise $1.25 billion in an initial public offering and has secured approval from its shareholders …
Lenovo survey of 750 CIOs: 96% expect increased AI investment in the next 12 months and 42% don’t expect to show return on AI investments for the next two years (Vlad Savov/Bloomberg)
Vlad Savov / Bloomberg:
Lenovo survey of 750 CIOs: 96% expect increased AI investment in the next 12 months and 42% don’t expect to show return on AI investments for the next two years — READ MORE ON ARTIFICIAL INTELLIGENCE — Big Tech … SUBSCRIBE TO THE POWER ON NEWSLETTER — Startups
