Carl Franzen / VentureBeat:
Microsoft releases three Phi-3.5 models designed for basic/fast reasoning and more, available for developers to download, use, and fine-tune on Hugging Face — Microsoft isn’t resting its AI success on the laurels of its partnership with OpenAI. — No, far from it.
Sources: Walmart, JD.com’s largest shareholder, is seeking to raise up to $3.74B by selling its stake in the Chinese e-commerce firm; JD falls 9%+ after hours (Amy Or/Bloomberg)
Amy Or / Bloomberg:
Sources: Walmart, JD.com’s largest shareholder, is seeking to raise up to $3.74B by selling its stake in the Chinese e-commerce firm; JD falls 9%+ after hours — – Walmart is offering shares in $24.85-$25.85/each range — Share sale marks the end of partnership that started in 2016
Shein sues Temu for copyright infringement, accusing the company of stealing trade secrets and masquerading “as a legitimate e-commerce ‘marketplace'” (Samantha Cole/404 Media)
Samantha Cole / 404 Media:
Shein sues Temu for copyright infringement, accusing the company of stealing trade secrets and masquerading “as a legitimate e-commerce ‘marketplace’” — Shein, notorious for being accused of copyright infringement by small artists and big brands alike …
Source: at the end of March, Bolt’s annualized run rate was $28M in revenue and $7M in gross profit, making a funding round at a $14B valuation hard to believe (Eric Newcomer/Newcomer)
Eric Newcomer / Newcomer:
Source: at the end of March, Bolt’s annualized run rate was $28M in revenue and $7M in gross profit, making a funding round at a $14B valuation hard to believe — The financial technology company told investors that it is raising at a $14 billion valuation. That’s hard to believe. — ∙ Paid
In a Reddit AMA, CEO Patrick Spence said Sonos won’t rerelease its old app, after testing showed that doing so “would make the problems worse, not better” (Jay Peters/The Verge)
Jay Peters / The Verge:
In a Reddit AMA, CEO Patrick Spence said Sonos won’t rerelease its old app, after testing showed that doing so “would make the problems worse, not better” — If you want the old Sonos app back, it’s not coming. In a Reddit AMA response posted Tuesday, Sonos CEO Spence says that he was hopeful …
Filing: chipmaker Microchip Technology says its servers were breached by an unauthorized party, causing its operations to run at “less than normal levels” (Nick Turner/Bloomberg)
Nick Turner / Bloomberg:
Filing: chipmaker Microchip Technology says its servers were breached by an unauthorized party, causing its operations to run at “less than normal levels” — – Nvidia, GlobalWafers have also been attacked in the past — Breach comes as nations are competing for chip dominance
A US district judge in Texas strikes down the FTC’s ban on worker noncompete agreements, due to start September 4, after her temporary block of the rule in July (Daniel Wiessner/Reuters)
Daniel Wiessner / Reuters:
A US district judge in Texas strikes down the FTC’s ban on worker noncompete agreements, due to start September 4, after her temporary block of the rule in July — A federal judge in Texas on Tuesday barred a U.S. Federal Trade Commission rule from taking effect that would ban agreements commonly signed …
A US appeals court revives a class action suit by Google Chrome users who say Google collected personal info even if Chrome was not synced with a Google account (Jonathan Stempel/Reuters)
Jonathan Stempel / Reuters:
A US appeals court revives a class action suit by Google Chrome users who say Google collected personal info even if Chrome was not synced with a Google account — A U.S. appeals court said Google (GOOGL.O) must face a revived lawsuit by Google Chrome users who said the company collected …
Condé Nast makes a multiyear deal with OpenAI, letting ChatGPT and SearchGPT surface stories from The New Yorker, Vogue, Vanity Fair, Bon Appetit, and Wired (Kate Knibbs/Wired)
Kate Knibbs / Wired:
Condé Nast makes a multiyear deal with OpenAI, letting ChatGPT and SearchGPT surface stories from The New Yorker, Vogue, Vanity Fair, Bon Appetit, and Wired — The media company joins The Atlantic, Axel Springer, Vox Media, and a host of other publishers who have partnered with OpenAI.
Flight tracking site FlightAware, which claims 10M+ monthly users, reports a breach dating back to January 2021 that exposed names, SSNs, addresses, and more (Zack Whittaker/TechCrunch)
Zack Whittaker / TechCrunch:
Flight tracking site FlightAware, which claims 10M+ monthly users, reports a breach dating back to January 2021 that exposed names, SSNs, addresses, and more — Flight tracking site FlightAware has blamed a “configuration error” for exposing a raft of personal information of its customers …
