Dwayne
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Synergy Research: cloud revenue grew 21% YoY in Q1 2024 to $76B; Altimeter: AWS now has 31% market share followed by Azure with 25% and Google with 11% (Ron Miller/TechCrunch)
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Ukraine unveils an AI-generated foreign ministry spokesperson called Victoria Shi, who will make official statements "written and verified by real people" (Agence France-Presse)
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Meta's Ray-Ban smart glasses are a simple, reliable, and smartly priced AI gadget, whereas Humane's AI Pin and the Rabbit R1 are more akin to science projects (Joanna Stern/Wall Street Journal)
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Sources: Swedish PE firm EQT acquires a "significant majority" stake in WSO2, valuing the enterprise API and identity management company at "more than" $600M (Paul Sawers/TechCrunch)
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Ola founder Bhavish Aggarwal's Krutrim launches its developer offerings, including cloud infrastructure access, and an Android app for its eponymous AI chatbot (Vikas SN/Moneycontrol)
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Filing: CRM software maker Freshworks acquires Connecticut-based Device42, which helps companies manage their IT infrastructure and had raised $38.5M, for $230M (Manish Singh/TechCrunch)
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How the AI-generated music video for Washed Out's The Hardest Part was created entirely using OpenAI's Sora, a first from a major record label (Wendy Lee/Los Angeles Times)
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Natron Energy starts production of sodium-ion batteries that it says charge and discharge 10x faster than lithium-ion, initially for use at data centers (C.C. Weiss/New Atlas)
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Google employees have mostly ignored the DOJ's antitrust case, and some expect only small business tweaks and some fines; closing arguments concluded on May 3 (Nico Grant/New York Times)
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Russian national Alexander Vinnik, one of the operators of crypto exchange BTC-e from 2011 to 2017, pleads guilty to conspiracy to commit money laundering (Nikhilesh De/CoinDesk)
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Google updates its ad policy to ban the promotion of services that generate, distribute, or store synthetic sexually explicit content, starting May 30, 2024 (Barry Schwartz/Search Engine Roundtable)
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CSET: global AI research more than doubled between 2017 and 2022; Chinese Academy of Sciences was the top producer of highly cited AI papers, followed by Google (Alison Snyder/Axios)
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X launches Stories on X, with news curated and summarized by Grok AI, available for Premium subscribers in the Explore tab on iOS and on the web (Sarah Perez/TechCrunch)
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In a letter, several Democrats serving as their state's top election officials ask Meta to repeal a policy allowing ads that claim the 2020 election was stolen (Christina A. Cassidy/Associated Press)
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Elon Musk says he wants Grok to create news summaries by relying solely on X posts, without looking at article text, and improved story citations are coming (Alex Kantrowitz/Big Technology)
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Sources: Fei-Fei Li raised a seed round for a "spatial intelligence" startup using human-like visual data processing to create AI capable of advanced reasoning (Reuters)
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Global smartphone market grew 6% YoY to 296.9M units in Q1; Samsung recaptured the top spot with a 20% market share; Apple shipments fell 13% but ASP grew 2% (Counterpoint Research)
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SVB agrees to sell its VC arm SVB Capital, which manages ~$9.8B in assets, to a new entity backed by Brookfield and Sequoia Heritage for $340M in cash (Dan Primack/Axios)
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Microsoft outlines security principles and goals tied to executive compensation packages, following a scathing US Cyber Safety Review Board report in April 2024 (Tom Warren/The Verge)
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The FCC warns that US rural areas may lose cell service if Congress does not fill a $3B funding shortfall for US carriers to replace Huawei and ZTE equipment (Eva Dou/Washington Post)
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