Georgia Butler / DatacenterDynamics:
Google says “rare issues at Google Cloud” caused a week-long private cloud outage at UniSuper, an Australian pension fund for the education and research sectors — Google problems resulting in an inadvertent misconfiguration of UniSuper’s systems
Amit Midha, CEO of Alat, a $100B investment fund focused on AI and chips backed by Saudi Arabia’s PIF, says the fund will divest from China if the US asks (Bloomberg)
Bloomberg:
Amit Midha, CEO of Alat, a $100B investment fund focused on AI and chips backed by Saudi Arabia’s PIF, says the fund will divest from China if the US asks — – The $100 billion Saudi investment fund says US is top partner — Alat will announce two US company partnerships by end of June
Researchers say they have unlocked a kind of sperm whale “alphabet” with the aid of machine learning, a breakthrough in understanding cetacean communication (Brian Heater/TechCrunch)
Brian Heater / TechCrunch:
Researchers say they have unlocked a kind of sperm whale “alphabet” with the aid of machine learning, a breakthrough in understanding cetacean communication — Researchers at MIT CSAIL and Project CETI believe that they have unlocked a kind of sperm whale alphabet with the aid of machine learning technologies.
Coupang reports Q1 revenue up 23% YoY to $7.1B, adjusted EBITDA up 17% YoY to $281M, vs. $283.3M est., and net income down 95% YoY including Farfetch losses (Yoolim Lee/Bloomberg)
Yoolim Lee / Bloomberg:
Coupang reports Q1 revenue up 23% YoY to $7.1B, adjusted EBITDA up 17% YoY to $281M, vs. $283.3M est., and net income down 95% YoY including Farfetch losses — – Shortfall overshadows stronger-than-expected sales growth — E-commerce company’s Farfetch acquisition weighs on net income
iRobot appoints Gary Cohen as its new CEO after Colin Angle resigned in January 2024 and forecasts 2024 revenue with a midpoint of $837.5M, vs. $829.8M expected (Arsheeya Bajwa/Reuters)
Arsheeya Bajwa / Reuters:
iRobot appoints Gary Cohen as its new CEO after Colin Angle resigned in January 2024 and forecasts 2024 revenue with a midpoint of $837.5M, vs. $829.8M expected — iRobot (IRBT.O) appointed Gary Cohen as chief executive officer on Tuesday to head the robot vacuum maker’s turnaround efforts.
Robinhood CEO Vlad Tenev decries the “regulatory onslaught” and calls SEC’s actions “another improper attempt by the administrative state to stifle innovation” (André Beganski/Decrypt)
André Beganski / Decrypt:
Robinhood CEO Vlad Tenev decries the “regulatory onslaught” and calls SEC’s actions “another improper attempt by the administrative state to stifle innovation” — Though Robinhood Crypto thought its “safety-first” approach was distinct, the SEC said that enforcement action is on its way.
Red Hat announces RHEL AI, a platform for developing and running open source LLMs, and InstructLab, a community project to let experts enhance AI models (Bryson Masse/VentureBeat)
Bryson Masse / VentureBeat:
Red Hat announces RHEL AI, a platform for developing and running open source LLMs, and InstructLab, a community project to let experts enhance AI models — At Red Hat Summit 2024 in Denver, Colorado, the open source software leader announced major new initiatives to bring the power of generative AI to the enterprise.
President Biden signs the REPORT Act into law, which levies hefty fines against companies that neglect to report CSAM on their sites to the NCMEC’s CyberTipline (Lauren Forristal/TechCrunch)
Lauren Forristal / TechCrunch:
President Biden signs the REPORT Act into law, which levies hefty fines against companies that neglect to report CSAM on their sites to the NCMEC’s CyberTipline — On April 29, Senators Jon Ossoff (D-GA) and Marsha Blackburn (R-SC) proposed a bipartisan bill to protect children from online sexual exploitation.
IBM open sources its Granite code models for code generative tasks, trained on 116 programming languages, with models ranging in size from 3B to 34B parameters (Mike Murphy/IBM Research)
Mike Murphy / IBM Research:
IBM open sources its Granite code models for code generative tasks, trained on 116 programming languages, with models ranging in size from 3B to 34B parameters — Release — IBM is releasing a family of Granite code models to the open-source community. The aim is to make coding as easy …
FTX says it will have as much as $16.3B to distribute once it finishes selling all of its assets; it owes customers and other non-governmental creditors ~$11B (Steven Church/Bloomberg)
Steven Church / Bloomberg:
FTX says it will have as much as $16.3B to distribute once it finishes selling all of its assets; it owes customers and other non-governmental creditors ~$11B — – Crypto customers to get interest on what FTX owes them — Bankrupt firm updates plan to divide cash among creditors