Stephanie Stacey / Financial Times:
Dating apps are trying to woo Gen Z women by boosting moderation tools and more; Tinder has consistently lost MAUs since 2021 and paid subs fell under 10M in Q1 — Gen Z is a priority for Tinder and Bumble but threats and unsolicited material from potential suitors often turn users off
Elon Musk says all of the $6B in xAI’s Series B is new money rather than shares “given” to investors in Musk’s takeover of Twitter (Axios)
Axios:
Elon Musk says all of the $6B in xAI’s Series B is new money rather than shares “given” to investors in Musk’s takeover of Twitter — – That said, there’s plenty of overlap in the investor list, and it’s unclear if the original Twitter/X backers also received additional equity in xAI …
Data.ai: of the top 20 education apps in the US App Store, five are AI agents that help with school assignments, the two most popular of which are Chinese-owned (Rita Liao/TechCrunch)
Rita Liao / TechCrunch:
Data.ai: of the top 20 education apps in the US App Store, five are AI agents that help with school assignments, the two most popular of which are Chinese-owned — Evan, a high school sophomore from Houston, was stuck on a calculus problem. He pulled up Answer AI on his iPhone …
Q&A with Netflix’s Ted Sarandos on the state of Hollywood, shifting US tastes, programming strategy, ads, corporate activism, YouTube, live events, AI, and more (Lulu Garcia-Navarro/New York Times)
Lulu Garcia-Navarro / New York Times:
Q&A with Netflix’s Ted Sarandos on the state of Hollywood, shifting US tastes, programming strategy, ads, corporate activism, YouTube, live events, AI, and more — Devin Oktar Yalkin for The New York Times — If you’re anything like me, you probably spent some large portion of this week sitting on your couch watching Netflix.
Elon Musk’s xAI says it raised a $6B Series B from investors including Valor Equity Partners, Vy Capital, a16z, Sequoia Capital, Fidelity, and others (x.ai)
x.ai:
Elon Musk’s xAI says it raised a $6B Series B from investors including Valor Equity Partners, Vy Capital, a16z, Sequoia Capital, Fidelity, and others — xAI is pleased to announce our series B funding round of $6 billion. — xAI is pleased to announce…
China set up a new $47.5B state-backed investment fund on May 24 to boost the country’s semiconductor industry (Reuters)
Reuters:
China set up a new $47.5B state-backed investment fund on May 24 to boost the country’s semiconductor industry — China has set up a new state-backed investment fund with registered capital of 344 billion yuan ($47.5 billion) to boost the country’s semiconductor industry.
An analysis of ChatGPT, Claude, Copilot, Gemini, and Perplexity’s responses to some real-life questions and everyday tasks: Perplexity ranked first overall (Wall Street Journal)
Wall Street Journal:
An analysis of ChatGPT, Claude, Copilot, Gemini, and Perplexity’s responses to some real-life questions and everyday tasks: Perplexity ranked first overall — We tested OpenAI’s ChatGPT against Microsoft’s Copilot and Google’s Gemini, along with Perplexity and Anthropic’s Claude. Here’s how they ranked.
Researchers find that GPT-4 outperforms human analysts in predicting future corporate earnings growth even when provided only with financial statements (Michael Nuñez/VentureBeat)
Michael Nuñez / VentureBeat:
Researchers find that GPT-4 outperforms human analysts in predicting future corporate earnings growth even when provided only with financial statements — Researchers from the University of Chicago have demonstrated that large language models (LLMs) can conduct financial statement analysis …
A look at the UK’s $5.5B gaming industry, as PE firm EQT makes a ~$2.8B purchase offer for Keyword Studios, and other developers shore up their balance sheets (Financial Times)
Financial Times:
A look at the UK’s $5.5B gaming industry, as PE firm EQT makes a ~$2.8B purchase offer for Keyword Studios, and other developers shore up their balance sheets — Developers shore up their balance sheets after a difficult few years — Pass the controller.
A closer look at Apple’s AI strategy: Project Greymatter, local and cloud LLM data processing, Siri, approach to the chatbot partnership with OpenAI, and more (Mark Gurman/Bloomberg)
Mark Gurman / Bloomberg:
A closer look at Apple’s AI strategy: Project Greymatter, local and cloud LLM data processing, Siri, approach to the chatbot partnership with OpenAI, and more — Though Apple’s first set of modern AI features won’t be as impressive as rival offerings, the company is betting that its massive customer base can give it an edge.
