Trump Media & Technology Group's stock slumped 36% since March 26, wiping out $2.8B in market value as retail traders sell; Trump's stake is now worth ~$2.9B — - DJT has struggled to retain the attention of retail traders — Paper windfall for Donald Trump drops by $1.6 billion in weeks
The US awards TSMC $6.6B in grants and up to $5B in loans to build a third Arizona fab, slated to make 2nm chips by 2030, alongside TSMC's $65B+ investment — - World's top chipmaker to add capacity with third fab in state — Raimondo says latest US package aimed at AI, national security
Elon Musk says X is “lifting all restrictions” it imposed in Brazil after a court ruling to block “certain popular accounts” and is defying the court's ruling — Elon Musk is challenging a decision by a Supreme Court justice in Brazil who ordered his social media platform X …
Canada unveils a CA$2.4B fund to boost its AI sector by giving access to computing capabilities and technical infrastructure and creates its AI Safety Institute — - The centerpiece is money for ‘technological infrastructure’ — Canada has yet to pass law regulating artificial intelligence
Thoughts on Apple's search for a new growth engine, Spatial Personas, and Kevin Lynch's move to the AI group; sources: new iPads may launch the week of May 6 — Apple's search for a bold new product category is back on, and it includes a foray into robots.
A look at Huawei's efforts to make HarmonyOS a formidable rival to iOS and Android; Counterpoint: 16% of smartphones sold in China in Q4 2023 used HarmonyOS — Chinese tech giant unveiled new operating system in January — Huawei Technologies may be close to succeeding where Microsoft …
Source: Y Combinator is inviting some alumni entrepreneurs to invest a minimum of $250,000, which will be split among the three funds it is currently raising — - The accelerator is requiring limited partners invest in all three of its new funds, a somewhat bold move in the current environment.
Sources: OpenAI transcribed 1M+ hours of YouTube videos through Whisper and used the text to train GPT-4; Google also transcribed YouTube videos to harvest text — OpenAI, Google and Meta ignored corporate policies, altered their own rules and discussed skirting copyright law …
A look at Monument Valley, a puzzle game developed by ustwo that won Apple's design award in 2014 and stood out in a market dominated by free-to-play titles — A scene as still and pure as it is confounding: towers stretching up, flags billowing gently in the wind, stone walkways appearing to defy the principles of architecture.
CB Insights: global VC investment in fintech fell 16% QoQ to $7.3B over 904 deals in Q1 2024, the lowest amount of funding the sector has seen since 2017 — When it comes to funding, the fintech sector didn't have a very good start to the year. — Fintech funding slid by 16% quarter …
Microsoft warns that China plans to disrupt elections in the US, South Korea, and India this year with AI-generated content after making a dry run in Taiwan — Beijing did a test run in Taiwan using AI-generated content to influence voters away from a pro-sovereignty candidate
Sources: Samsung plans to more than double its total chip investment in Taylor, Texas to ~$44B, a significant breakthrough for US' chip manufacturing plans — South Korean firm plans to add a second semiconductor factory and advanced-packaging facility at its new hub outside Austin
Paris-based Pigment, a subscription-based business planning and forecasting service, raised $145M, sources say at a $1B+ valuation, for $393M in total funding — - French software startup said to be valued above $1 billion — Funding round comes as VC financing remains sluggish globally
Patreon rolls out a Reddit-like community moderation feature that lets podcasters, artists, writers, and other creators assign community members as moderators — Patreon is taking a page out of Reddit's book. Now, podcasters, artists, writers, and other creators on the subscription-focused creator platform …
Stability AI releases Stable Audio 2.0, letting users create three minute sound clips from copyright-free audio samples, available for free via its website — Stable Audio 2., an audio generation model for Stability AI, now lets users upload their own audio samples which they can then transform using prompts …
Cheng Ting-Fang / Nikkei Asia : MediaTek says it has started to use Intel Foundry's advanced chip packaging in addition to TSMC's...
