Tech News

Tech News and Analysis from around the web

Yoolim Lee / Bloomberg:
SK Hynix reports Q1 revenue of ~$9B, more than doubling YoY, and ~$2B in operating income, above estimates of ~$1.3B and the biggest quarterly profit since 2022  —  Sales at the world's No. 2 maker of memory more than doubled to 12.4 trillion won ($9 billion) in the March quarter, beating expectations.

Annie Palmer / CNBC:
Memo: Thrasio CEO Greg Greeley plans to resign and five other senior executives will “step down when Thrasio emerges from Chapter 11 in the coming weeks”  —  Thrasio, an early leader in the big business of Amazon aggregators, had a booth at the popular Prosper Show for Amazon sellers in Las Vegas, Nevada, on July 14, 2021.

David Pierce / The Verge:
Hands-on with the Rabbit R1: a fun and funky AI device that feels pretty nice and does a solid job with basic AI questions, but the Rabbithole app is unfinished  —  There were times I wasn't sure the Rabbit R1 was even a real thing.  The AI-powered, Teenage Engineering-designed device came …

Ken Yeung / VentureBeat:
Nooks, whose AI tools can analyze sales calls and summarize customer interactions, raised a $22M Series A led by Lachy Groom, bringing its total funding to $27M  —  AI startup Nooks has raised a new round of funding.  It announced a $22 million Series A fundraising effort led …

Kyle Wiggers / TechCrunch:
AI coding assistant startup Augment emerges from stealth with a $227M Series B at a $977M post-money valuation, following a $25M Series A led by Sutter Hill  —  AI is supercharging coding — and developers are embracing it.  —  In a recent StackOverflow poll, 44% of software engineers …

Source: cloud data management startup Rubrik priced its IPO at $32 a share, above its expected $28-$31 range, raising $752M and valuing the company at $5.6B  —  Bipul Sinha, co-founder and CEO of data security software company Rubrik.  Sinha previously backed cloud management company Nutanix.

Ashley Capoot / CNBC:
Meta's stock drops 15%+ after hours on weak Q2 revenue guidance and higher FY 2024 capital expenditures due to increased AI infrastructure investments  —  Meta shares plunged in extended trading on Wednesday after the company issued a light forecast, overshadowing better-than-expected first-quarter results.

Alex Koller / CNBC:
Meta's Reality Labs Q1: revenue up 30% YoY to $440M, vs. $512.5M est., a $3.85B operating loss, vs. $4.31B est.; Reality Labs lost $45B+ since the end of 2020  —  Facebook co-founder and chief executive, Mark Zuckerberg, speaks at an Oculus developers conference while wearing a virtual reality headset in San Jose, California.

Ben Glickman / Wall Street Journal:
IBM agrees to buy HashiCorp, which helps companies manage cloud infrastructure, in a deal valuing HashiCorp at $6.4B and expected to close by the end of 2024  —  IBM will pay $35 a share for the cloud-software company in cash, giving it access to HashiCorp's roster of some 4,400 clients

Jordan Novet / CNBC:
IBM reports Q1 revenue up 1% YoY to $14.46B, vs. $14.55B est., software revenue up 5.5% YoY to $5.9B, and net income of $1.6B, up from $927M YoY; IBM drops 5%+  —  IBM CEO Arvind Krishna appears at the World Economic Forum in Davos, Switzerland, on Jan. 16, 2024.

Meta Investor Relations:
Meta reports Q1 revenue up 27% YoY to $36.46B, net income up 117% YoY to $12.37B, and family daily active people up 7% YoY to 3.24B for March 2024  —  Meta Platforms, Inc. (Nasdaq: META) today reported financial results for the quarter ended March 31, 2024.

Andy Greenberg / Wired:
Cisco details a hacking campaign that penetrated multiple governments' networks using two zero-day flaws in its VPN and firewall Adaptive Security Appliances  —  Sources suspect China is behind the targeted exploitation of two zero-day vulnerabilities in Cisco's security appliances.

Foo Yun Chee / Reuters:
TikTok is suspending the rewards program in TikTok Lite while it tries to resolve EU concerns about the potentially addictive nature of the program for children  —  TikTok will voluntarily suspend its new app TikTok Lite's reward programme while it tries to resolve EU concerns, the company said on X social media platform on Wednesday.

Bob Van Voris / Bloomberg:
US prosecutors charge two founders of the Samourai Wallet crypto mixing service, saying it facilitated more than $100M in money laundering transactions  —  - US prosecutors say Samourai Wallet was ‘haven for criminals’  — Europol has said crypto mixing services are a ‘top threat’

Ingrid Lunden / TechCrunch:
Stripe says some of its products will be available to companies that are using other payments providers, and unveils new embedded finance features and AI tools  —  Stripe continues to hold the title of being the biggest financial technology business still in private hands …

When I started working with Automattic last year, one of the big milestones we were aiming for was getting FeedLand and WordPress working together. Now we have the first step. I hope you take a moment to give it a try and let us know how it works. Scripting News readers have helped bootstrap all kinds of cool stuff, we can do it again.

Jay Gilmore: "ActivityPub breaks my brain. It doesnโ€™t need to be that hard given the payloads we are talking about." True.

There's a new plugin that adds a blogroll to a WordPress site.

It would be helpful if people who are regular readers of Scripting News who use WordPress, set up a test site, give it a try and let us know how it goes. You can help us get to the next level with this stuff.

So there are two sides, the FeedLand side and the WordPress side.

  • The FeedLand side. Sign on to FeedLand, create an account if you don't have one, and subscribe to a bunch of feeds. These will be the feeds in your blogroll. There are some tips on how to find feeds, in the next section.
  • The WordPress side. There's a new plugin, developed by the people at the Team51 group at Automattic. They have a checklist for how to install the plugin in a WordPress site.

You can get ideas for feeds for your blogroll from reading other people's feed lists. When you see a checkbox that isn't checked, you can subscribe to the feed simply by checking the box.

Have a look at my feed list for ideas. Here's a list of recent users, click on their names to see their feed lists. You don't have to finish this now, you can come back and tune this up anytime.

Developers: Use feedlandBlogrollToolkit to add blogrolls to other platforms.

If you have questions or comments, or need help getting it working, post a note in the discussion group here.

I don't have time to write about it now but the end of last night's Knicks game was one of the most dramatic bits of NY sports ever. I would like to thank Kevin Durant for saying the Knicks weren't cool. It's somewhat like the Streisand Effect where the thing KD was trying to hide was that he was no longer cool. Classic projection. Obviously he was not the hot shit he thought he was in 2019. ๐Ÿ˜„

A big idea for the blogging world. I'd like to combine AI and search to make a really great search engine for bloggers. We would contribute what we know (we already do) and in return, along with everyone else, get to benefit from the collection. And when we browse, it knows which blog we write. So it has a very good idea of what we mean when we ask a question and what we already know. This is totally missing in ChatGPT and is something Google and other search engines have never been willing to do (or even understood, I guess). But this is a huge idea. I'd like to give it my blogroll too, so it knows which sources I consider credible. I love that it creates an incentive to post to your blog, and it makes working together automatic.

EZ Pass for News is formula for functional relationships between local news pubs and people in far away places (ie not their locality) who may from time to time want to read an article or a series of articles on their site, and pay per-issue instead of buying a subscription.

John Palfrey as the mover behind Press Forward will bring the gospel of EZ Pass for News on his "ongoing whistle-stop tour" of local news orgs. JP was my boss/rabbi when I was at Berkman, and is why we got so much done there. He ran air cover for what we did, the BloggerCons, giving RSS a home, podcasting, blogs for everyone, the people and democracy. Now he's doing it for the local news business.

The "largest open publishing network in the world" is the web.

I was chatting with a friend who went to Bronx Science, as I did, and we were talking about Isaac Asimov, and I said I thought he went to Science too. So I fired up ChatGPT and asked if Asimov went to Science, and it said yes. Then I asked where he went to high school and it said Bronx Science. But by then I was pretty sure he didn't, so I went to Google and, and neither knew where he went to high school. So I asked on Twitter, Mastodon, Blue Sky and Threads. Not sure why I even care! Oh well. ๐Ÿ˜„