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Sat, 26 Apr 2025 01:25:01 -0400
Google says it will end support for 1st- and 2nd-gen Nest thermostats on October 25, and won't launch new models in Europe due to its "unique" heating systems (Chris Welch/The Verge)
Leaked letter: interim US Attorney for DC Ed Martin accused Wikipedia of allowing foreign manipulation and propaganda, threatening its tax-exempt status (Gabe Kaminsky/The Free Press)
Sources: China has quietly exempted from tariffs at least eight classifications of US-made microchips, as it seeks to exempt "irreplaceable" goods (Washington Post)
Interpretability, or understanding how AI models work, can help mitigate many AI risks, such as misalignment and misuse, that stem from AI systems' opacity (Dario Amodei)
Sources: XAI Holdings, the newly combined entity housing xAI and X, is in talks to raise roughly $20B, or possibly more, valuing the company at more than $120B (Bloomberg)
Deliveroo, which listed in London with a £7.6B valuation in 2021, says it received a buyout proposal from DoorDash that would value the company at £2.7B (Financial Times)
Microsoft makes Recall available to all Copilot+ PCs, along with a new AI-powered Windows search and Click to Do, which works like Google's Circle to Search (Tom Warren/The Verge)
Sources: Chinese AI startup Manus raised $75M led by Benchmark at a $500M valuation, and plans to expand to markets including the US, Japan, and the Middle East (Bloomberg) + RELATED
Sources: Chinese AI startup Manus raised $75M led by Benchmark at a $500M valuation, and plans to expand to markets including the US, Japan, and the Middle East (Bloomberg)
Sources: Butterfly Effect, the Chinese startup behind Manus, has discussed setting up a new HQ outside China, and separating its domestic and global businesses (Juro Osawa/The Information)
Sources: Microsoft plans to increase the use of third-party firms for selling software to SMBs; in-house sellers will get more training and focus on AI products (Brody Ford/Bloomberg)
Internal presentation by Microsoft's CFO Amy Hood: number of users for Copilot has been flat over the past year with ~20M weekly users, as ChatGPT grew to 400M (Newcomer)
Meta and Booz Allen partner to deploy Space Llama, a fine-tuned version of Llama 3.2, for research aboard the International Space Station National Laboratory (Hayden Field/CNBC)
Deel sues Rippling for alleged defamation, libel, and deceptive trade practices, says Rippling placed an insider within Deel, is not tax compliant, and more (Dan Primack/Axios)
Docs: Scale AI had revenue of $870M in 2024, missing its $1B target, and plans a $150M share sale that values the startup at around $25B, up 80% from a year ago (The Information)
A US DOJ official says Tyler Buchanan, a 23-year-old from Scotland, and an alleged Scattered Spider cybercrime group member, was extradited from Spain to the US (Margi Murphy/Bloomberg)
Many AI features, like Gmail's AI assistant, feel useless because they don't allow users to edit system prompts, constraining the AI models they're built with (Pete Koomen)
Etsy agrees to sell Reverb, an online musical instruments marketplace that it acquired for $275M in 2019, to investors Creator Partners and Servco (Stuart Dredge/Music Ally)
Autodesk adds Jeff Epstein and Christie Simons to its board and settles the proxy fight with Starboard Value, which has criticized Autodesk for underperformance (Svea Herbst-Bayliss/Reuters)
Swiss National Bank says cryptocurrencies failed to meet its currency reserve standards, as a referendum campaign seeks to require SNB to hold bitcoin reserves (John Revill/Reuters)
Reducto, which helps companies convert complex documents into inputs for LLMs, raised a $24.5M Series A led by Benchmark, following a $8.4M seed in October 2024 (Allie Garfinkle/Fortune)
Docs: X's data licensing and subscriptions revenue grew 32% YoY to $91M in February, ad revenue grew 4% YoY to $146M; Twitter had $4.5B in ad revenue in 2021 (Carmen Arroyo/Bloomberg)
Nous, which plans to launch an AI training system on Solana using people's idle computing power, raised a $50M Series A, a source says at a $1B token valuation (Leo Schwartz/Fortune)
Sources: the US pushed back against EU's AI code of practice; the code is voluntary, still being finalized, and aims to help companies comply with the AI Act (Bloomberg)
US SEC Chair Paul Atkins says the agency has ample authority to oversee digital assets as Congress debates if SEC or CFTC should be the primary crypto regulator (Lydia Beyoud/Bloomberg)
Intel CEO Lip-Bu Tan announces changes, including an engineering refocus, reductions in unnecessary bureaucracy and workforce, and four-day-per-week RTO policy (Sean Hollister/The Verge)
CB Insights: fintech startups globally raised a combined $10.3B in Q1, the highest since Q1 2023; 19 US fintech startups have raised over $50M in 2025 so far (Mary Ann Azevedo/TechCrunch)
Temu and Shein raise prices ahead of de minimis tariff exemption expiring on May 2 and urged customers to make purchases prior to April 25 to avoid 120% tariffs (CNN)
OpenAI expands deep research usage for Plus, Pro, and Team users with an o4-mini-powered lightweight version, which also rolls out to Free users today (Kyle Wiggers/TechCrunch)
with just spoken dialog, without audio cues or speaker names, and says ~50% of US viewing hours happen with subtitles or captions on (Emma Roth/The Verge)
Facebook will reduce the reach of accounts sharing spammy content and make them ineligible for monetization, after Zuckerberg promised a return to "OG Facebook" (Aisha Malik/TechCrunch)
Brazil's AI-based social security app, launched in 2018, has cut bureaucracy in some cases but wrongly rejected hundreds of vulnerable people over minor errors (Gabriel Daros/Rest of World)
US v. Google: a Yahoo executive estimates that a bid for Chrome would cost tens of billions of dollars, and says Yahoo "would be able to pursue it with Apollo" (Leah Nylen/Bloomberg)
Baidu CEO Robin Li says demand for text-based models like DeepSeek's is "shrinking" and claims the R1 model had a higher propensity for "hallucinations" (Eleanor Olcott/Financial Times)
Toshiba Europe researchers say they used quantum key distribution cryptography to send messages over a 250km German commercial telecommunications network (Michael Peel/Financial Times)
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