Nqobile Dludla / Reuters:
Amazon launches its online store in South Africa, offering same-day and next-day delivery and 3,000+ pickup points, challenging local rivals like Takealot.com  —  Amazon (AMZN.O) launched its online shopping service in South Africa on Tuesday, challenging a number of online retailers dominated by Naspers’ (NPNJn.J) Takealot.com.

Ingrid Lunden / TechCrunch:
Akamai agrees to acquire Noname Security, which finds and fixes API vulnerabilities, for ~$450M, closing in Q2 2024; Noname was valued at $1B in December 2021  —  A couple of weeks ago, TechCrunch broke the news that Akamai was in discussions to acquire Noname Security, a specialist in API security, for around $500 million.

Aisha S Gani / Bloomberg:
UK banking app Revolut launches Revolut X, a crypto trading service to let “experienced traders” buy and sell 100+ different tokens, with 0% to 0.09% fees  —  The new platform, called Revolut X, will allow “experienced traders” to buy and sell over 100 different tokens, according to a statement on Tuesday.

Eva Dou / Washington Post:
MITRE, a federally funded, not-for-profit US research organization, plans to build a $20M supercomputer with Nvidia to build AI tools for the federal government  —  The $20 million AI ‘sandbox’ will allow federal agencies from the Pentagon to the IRS to test cutting-edge technologies.

New York Times:
Sources and messages: Binance compliance officer Tigran Gambaryan told executives and Nigerian contacts of a $150M crypto bribe request, prior to his arrest  —  A compliance officer for the cryptocurrency exchange told senior executives and Nigerian contacts that the company had been asked to pay $150 million in crypto.

Bloomberg:
German chipmaker Infineon cuts its revenue forecast in the year to September 2024 to €15.1B, below €15.7B est., signaling automotive chip demand remains weak  —  – Revenue projected to fall to €14.7 billion from €15.5 billion  — Demand from carmakers is growing at slower rate than expected

Deepa Seetharaman / Wall Street Journal:
OpenAI releases a tool to detect DALL-E 3-created images, claiming 98% accuracy for unaltered images, and joins Microsoft and Adobe’s content credentials group  —  Startup’s new tool detects 98% of pictures generated by its DALL-E 3 system, but success drops if the images are altered

David E. Sanger / New York Times:
US and Chinese diplomats plan to meet later in May to find common ground on AI usage and situations where AI should be banned, like controlling nuclear arsenals  —  The new U.S. approach to cyberthreats comes as early optimism about a “global internet” connecting the world has been shattered.

Rick Claypool / Public Citizen:
OpenSecrets: crypto sector-backed super PACs have raised $102M+ so far, the third-most of 2024 election PACs, including $54M from companies like Coinbase  —  Key Findings  — Super PACs backed by the cryptocurrency sector have raised more than $102 million, the third-most of all super PACs engaged …

Takashi Mochizuki / Bloomberg:
Nintendo President Shuntaro Furukawa says the company plans to announce its Switch successor in the coming year; the Switch has sold 141M+ units since 2017  —  – Company missed profit estimates for the March quarter  — Outlook falls shy of expectations as flagship console ages