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Apple debuts OpenELM, a family of language models with 270M, 450M, 1.1B, and 3B parameters, designed to run on-device, pre-trained and fine-tuned on public data (Shubham Sharma/VentureBeat)
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Source: Cognition, which offers an AI coding assistant, raised $175M led by Founders Fund at a $2B valuation, a month after a Series A at a $350M valuation (Kate Clark/The Information)
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President Biden signs the ByteDance-TikTok divest-or-ban bill into law, after the Senate passed it by 79-18; the House passed the legislation 360-58 on April 20 (Lauren Feiner/The Verge)
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Biden's re-election campaign plans to continue using TikTok for at least the next year, with "enhanced security measures", to help "meet voters where they are" (Monica Alba/NBC News)
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Whether TikTok is banned or not, this is the end as we know it for the money-losing app, which may lose focus due to advertiser, creator, and staff uncertainty (M.G. Siegler/Spyglass)
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Klarna partners with Uber to power Uber and Uber Eats payments, adding its Pay Now option in the US, Germany, and Sweden, but not installment-based payments (Ryan Browne/CNBC)
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Meta, Google, Snap, and Amazon all benefit from the US' TikTok ban; Mark Zuckerberg criticized TikTok's Chinese roots in 2019, part of Meta's broader campaign (Will Oremus/Washington Post)
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Nvidia acquires AI infrastructure orchestration and management service Run:ai, a source says for ~$700M; Run:ai, founded in 2018, had raised $118M to date (Meir Orbach/CTech)
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Sources: Qualcomm is cheating on Snapdragon X Plus and Elite benchmarks given to OEMs and the press; the numbers are not achievable with the claimed settings (Charlie Demerjian/SemiAccurate)
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How a tiny group of US lawmakers and aides wrote the TikTok divestment bill, hiding their efforts to avoid TikTok's lobbying, alongside the DOJ and White House (New York Times)
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US companies racing to build data centers to serve AI demand is causing a shortage of parts, property, and power; cooling system lead times are now 5x longer (Wall Street Journal)
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Qualcomm details its Snapdragon X Plus and X Elite chips; benchmarks from a demo suggest the chips match Apple's M3, Intel's Core Ultra 9, and AMD's Ryzen 9 (Joanna Nelius/The Verge)
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Dublin-based Tines, which offers no-code automation tools for security teams, raised a $50M Series B extension, sources say at a near $600M post-money valuation (Ingrid Lunden/TechCrunch)
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Hands-on with the Meta AI chatbot: fails at basic search queries, stinks at counting, excels at editing existing paragraphs, quickly creates images, and more (Brian X. Chen/New York Times)
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Berlin-based Parloa, which uses conversational AI to automate call center operations, raised a $66M Series B led by Altimeter, after a $21M Series A in 2023 (Paul Sawers/TechCrunch)
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Microsoft begins rolling out Windows 11 Start menu ads that show app "recommendations" from "a small set of curated developers"; users can disable the ads (Tom Warren/The Verge)
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The US DOJ argues Binance founder Changpeng Zhao should spend three years in prison and pay $50M for helping Binance violate sanctions and money laundering laws (Nikhilesh De/CoinDesk)
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Filings: in 2024, ByteDance and TikTok spent $7M+ combined on lobbying against the US' TikTok bill; AdImpact: TikTok spent $4.5M+ on TV and digital ads in 2023 (Brian Schwartz/CNBC)
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SK Hynix plans to spend ~$3.86B to build a new DRAM chip facility in South Korea, starting construction this month and aiming for completion by November 2025 (Joyce Lee/Reuters)
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Biden signing the TikTok divestment bill starts a 270-day countdown for a sale or a US prohibition; sources say ByteDance sees a divestiture as a last resort (Alex Barinka/Bloomberg)
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