Filings: SoftBank's Vision Fund has seen its US portfolio shrink by ~$29B since the end of 2021 as, sources say, Masayoshi Son plans forays into AI and chips (Min Jeong Lee/Bloomberg)
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Min Jeong Lee / Bloomberg: Filings: SoftBank's Vision Fund has seen its US portfolio shrink by ~$29B since the end of 2021 as, sources say, Masayoshi Son plans forays into AI and chips  —  Masayoshi Son turns away from aggressive style of venture capital investing, leaving the fund's reduced staff as mostly caretakers ..read more
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Sources: tech lobbying group NetChoice kicked TikTok off of its membership rolls after facing pressure from the office of House Majority Leader Steve Scalise (Politico)
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Politico: Sources: tech lobbying group NetChoice kicked TikTok off of its membership rolls after facing pressure from the office of House Majority Leader Steve Scalise  —  NetChoice, a right-of-center tech lobbying group, dumped the video app following scrutiny from GOP leadership on Capitol Hill ..read more
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The Pentagon says it worked with Ukraine and SpaceX to successfully block Russian military use of Starlink; some Russian users complain of connectivity issues (Anthony Capaccio/Bloomberg)
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Anthony Capaccio / Bloomberg: The Pentagon says it worked with Ukraine and SpaceX to successfully block Russian military use of Starlink; some Russian users complain of connectivity issues  —  - Russian military has used Starlink internet in Ukraine war  — Departing space policy chief calls SpaceX ‘very reliable ..read more
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South Korea-based DEEPX, which is building on-device AI chips, raised an ~$80M Series C led by SkyLake at a ~$529M valuation, taking its total funding to ~$95M (Kate Park/TechCrunch)
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Kate Park / TechCrunch: South Korea-based DEEPX, which is building on-device AI chips, raised an ~$80M Series C led by SkyLake at a ~$529M valuation, taking its total funding to ~$95M  —  DEEPX is a South Korean on-device AI chip (NPU, or neural processing unit) startup that makes hardware and software for various AI applications in electronic devices ..read more
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Microsoft plans to launch its mobile game store in July on the web, first with its own games including Candy Crush Saga, and later open it to other publishers (Bloomberg)
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Bloomberg: Microsoft plans to launch its mobile game store in July on the web, first with its own games including Candy Crush Saga, and later open it to other publishers  —  The store will launch with Microsoft's own games, including Candy Crush Saga, Xbox President Sarah Bond said Thursday at the Bloomberg Technology Summit ..read more
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Instant payment company TabaPay pulls out of its $9.7M deal to buy the assets of banking-as-a-service startup Synapse amid infighting among fintech players (Mary Ann Azevedo/TechCrunch)
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Mary Ann Azevedo / TechCrunch: Instant payment company TabaPay pulls out of its $9.7M deal to buy the assets of banking-as-a-service startup Synapse amid infighting among fintech players  —  TabaPay has abandoned its plans to purchase the assets of troubled banking-as-a-service startup Synapse, TabaPay confirmed to TechCrunch today ..read more
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Unity reports Q1 revenue down 8% YoY to $460M, vs. $433M est., a $291M net loss, including $212M of restructuring costs, compared with a $254M loss in Q1 2023 (Emily Bary/MarketWatch)
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Emily Bary / MarketWatch: Unity reports Q1 revenue down 8% YoY to $460M, vs. $433M est., a $291M net loss, including $212M of restructuring costs, compared with a $254M loss in Q1 2023  —  Matt Bromberg, previously Zynga's chief operating officer, will take over as Unity's CEO later in May ..read more
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Sources: OpenAI plans to announce its AI-powered search product on May 13 (Anna Tong/Reuters)
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Anna Tong / Reuters: Sources: OpenAI plans to announce its AI-powered search product on May 13  —  OpenAI plans to announce its artificial intelligence-powered search product on Monday, according to two sources familiar with the matter, raising the stakes in its competition with search king Google ..read more
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ElevenLabs previews a music-generating AI model, showing samples of songs with lyrics generated from text prompts (Ken Yeung/VentureBeat)
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Ken Yeung / VentureBeat: ElevenLabs previews a music-generating AI model, showing samples of songs with lyrics generated from text prompts  —  Voice AI startup ElevenLabs is offering an early look at a new model that turns a prompt into song lyrics.  To raise awareness, it's following a similar playbook Sam Altman used ..read more
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Apple apologizes for the "Crush" iPad Pro ad and scraps plans to run it on TV; Apple's VP of marketing communications Tor Myhren says "we missed the mark" (Tim Nudd/Ad Age)
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Tim Nudd / Ad Age: Apple apologizes for the “Crush” iPad Pro ad and scraps plans to run it on TV; Apple's VP of marketing communications Tor Myhren says “we missed the mark”  —  The company says its ‘Crush’ spot fell short of its goal of empowering and celebrating creatives ..read more
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