Carl Franzen / VentureBeat:
OpenAI publishes Model Spec, which specifies how its models should behave, including objectives, rules, and default behaviors, and asks the public for feedback  —  OpenAI isn’t done trying to live up to the “open” in its name.  —  While not making any of its new models open source …

Natalie Lung / Bloomberg:
Instacart Q1: revenue up 8% YoY to $820M, vs. $794.5M est., gross transaction value up 11% to $8.32B; CFO Nick Giovanni is retiring, replaced by Emily Reuter  —  – Emily Reuter named CFO after joining Instacart six months ago  — Instacart reports better-than-expected first-quarter results

Jesse Pound / CNBC:
Robinhood reports Q1 revenue up 40% YoY to $618M, vs. $549M est., crypto transaction revenue up 232% to $126M, net income of $157M, vs. a net loss of $511M YoY  —  Shares of Robinhood rose in extended trading Wednesday afternoon after the retail brokerage announced stronger-than-expected first-quarter results.

Ashley Capoot / CNBC:
Airbnb reports Q1 revenue up 18% YoY to $2.14B, vs. $2.06B est., Nights and Experiences Booked up 9.5% to 132.6M, and forecasts Q2 revenue below expectations  —  In this photo illustration, the Airbnb logo is displayed on a computer monitor and cell phone on February 13, 2024 in Los Angeles, California.

BBC:
Ofcom proposes new rules requiring tech companies to change their algorithms to hide “toxic” material from children, have more robust age checks, and more  —  Ofcom has warned social media sites they could be named and shamed – and banned for under-18s – if they fail to comply with new online safety rules.

Maggie Harrison / Futurism:
An investigation into AdVon, the company behind Sports Illustrated’s fake writers, finds its AI content and fake authors at the LA Times, Miami Herald, and more  —  Remember that AI company behind Sports Illustrated’s fake writers?  We did some digging — and it’s got tendrils into other surprisingly prominent publications.

Ruth Olurounbi / Bloomberg:
Nigeria’s Information Ministry says Binance CEO Richard Teng “made false allegations of bribery” against unnamed Nigerian officials, after a $150M bribe claim  —  – Government says allegation ‘lacks any iota of substance’  — Binance under pressure amid focus on crypto role in naira woes

William Gallagher / AppleInsider:
Apple releases an iPad Pro ad, titled “Crush”, showing paints, toys, guitars, and more being crushed to reveal the device, drawing criticism on social media  —  The minute-long Apple ad showing art equipment and materials being crushed down into the new iPad Pro is being called heartbreaking, wanton, and creepy.

Bloomberg:
Google DeepMind CEO Demis Hassabis says AI breakthroughs in biology research could be a $100B+ business, commercialized via DeepMind spinout Isomorphic Labs  —  First AI-designed drugs may be ready for testing in “next couple of years,” Google’s AI boss Demis Hassabis tells Bloomberg Television

Michael Peel / Financial Times:
Google DeepMind and Isomorphic Labs detail AlphaFold 3, an AI model of life’s building blocks and their interactions within cells, with sophisticated forecasts  —  AlphaFold 3 aims to reveal biological secrets and boost drug search efforts  —  Google DeepMind has unveiled …