News

Bloomberg: Digital marketing software company Ibotta closes up 17% at $103.25 per share in its trading debut, after raising ~$577.3M in an IPO priced above marketed range  —  – Founder and CEO Leach to have 71% of the voting power … Read More »Digital marketing software company Ibotta closes up 17% at $103.25 per share in its trading debut, after raising ~$577.3M in an IPO priced above marketed range (Bloomberg)

Zaheer Kachwala / Reuters: Google says it will consolidate teams that focus on building AI models across Research and DeepMind, and move its Responsible AI teams in Research to DeepMind  —  Alphabet-owned Google (GOOGL.O) said on Thursday it would consolidate… Read More »Google says it will consolidate teams that focus on building AI models across Research and DeepMind, and move its Responsible AI teams in Research to DeepMind (Zaheer Kachwala/Reuters)

Kris Holt / Engadget: Meta cuts the price of the base 128GB Quest 2 from $249 to $199, its second permanent price cut in four months, after a drop from $299 to $249 in January  —  The base 128GB headset… Read More »Meta cuts the price of the base 128GB Quest 2 from $249 to $199, its second permanent price cut in four months, after a drop from $299 to $249 in January (Kris Holt/Engadget)

Todd Spangler / Variety: Netflix won’t report subscriber numbers or Average Revenue per Membership starting in Q1 2025, saying time spent is its “best proxy for customer satisfaction”  —  Netflix will no longer report subscriber numbers — a key metric… Read More »Netflix won’t report subscriber numbers or Average Revenue per Membership starting in Q1 2025, saying time spent is its “best proxy for customer satisfaction” (Todd Spangler/Variety)

Sarah Whitten / CNBC: Netflix reports Q1 revenue up 15% YoY to $9.37B, vs. $9.28B est., paid users up 16% YoY to 269.6M, vs. 264.2M est., and net income $2.3B, up from $1.3B YoY  —  LOS ANGELES — Netflix reported… Read More »Netflix reports Q1 revenue up 15% YoY to $9.37B, vs. $9.28B est., paid users up 16% YoY to 269.6M, vs. 264.2M est., and net income $2.3B, up from $1.3B YoY (Sarah Whitten/CNBC)

Emilia David / The Verge: Meta claims both Llama 3 models beat similarly sized models like Gemini, Mistral, and Claude 3 in certain benchmarks; humans marked Llama 3 higher than GPT-3.5  —  Llama 3 currently features two model weights, with… Read More »Meta claims both Llama 3 models beat similarly sized models like Gemini, Mistral, and Claude 3 in certain benchmarks; humans marked Llama 3 higher than GPT-3.5 (Emilia David/The Verge)

Crystal Kim / Axios: A US jury finds Avraham Eisenberg, a crypto trader who stole $110M on the Mango Markets exchange in 2022, guilty of fraud despite his “code is law” claim  —  – He used the inflated futures holdings… Read More »A US jury finds Avraham Eisenberg, a crypto trader who stole $110M on the Mango Markets exchange in 2022, guilty of fraud despite his “code is law” claim (Crystal Kim/Axios)

Daniel Tencer / Music Business Worldwide: Short-form video app Triller is merging with Hong Kong financial services company AGBA; Triller shareholders will own 80% of the combined company valued at $4B  —  Financially troubled social media app and TikTok competitor… Read More »Short-form video app Triller is merging with Hong Kong financial services company AGBA; Triller shareholders will own 80% of the combined company valued at $4B (Daniel Tencer/Music Business Worldwide)

Emma Roth / The Verge: DARPA reveals that an AI-controlled X-62A jet successfully faced a human pilot in an F-16 during an in-air dogfight test carried out in 2023  —  The US Air Force is putting AI in the pilot’s… Read More »DARPA reveals that an AI-controlled X-62A jet successfully faced a human pilot in an F-16 during an in-air dogfight test carried out in 2023 (Emma Roth/The Verge)

Emma Roth / The Verge: Meta rolls out real-time AI image generation, which changes the image as the user types a prompt, in beta on WhatsApp and Meta AI on the web in the US  —  As soon as you… Read More »Meta rolls out real-time AI image generation, which changes the image as the user types a prompt, in beta on WhatsApp and Meta AI on the web in the US (Emma Roth/The Verge)