Yuan Gao / Bloomberg: Chinese government data: foreign-branded smartphone shipments, most of which are iPhones, rose 52% YoY to ~3.5M in April, after stabilizing in March 2024  —  – Official data for April showed Chinese mobile demand returning  — The iPhone’s bad start to the year prompted retail price cuts Lees verder op Tech Meme

Patrick Coffee / Wall Street Journal: PayPal plans to build an ad sales business around data generated from users and tracking purchases, and hires ex-Uber ad boss Mark Grether as PayPal Ads SVP  —  Payments company hires Uber’s former head of advertising to run a new ad division  —  PayPal hopes to boost its growth by starting … Lees verder op Tech Meme

Anna Heim / TechCrunch: Dealroom: in 2023, the combined enterprise value of Spanish startups surpassed €100B, and they raised €2.2B across 850+ funding rounds  —  If 11 figures is your attention threshold, you may be interested in learning that the combined enterprise value (EV) of Spanish startups surpassed … Lees verder op Tech Meme

Shaurya Malwa / CoinDesk: Defunct bitcoin exchange Mt. Gox, which collapsed in 2014, moves 140K bitcoin, worth ~$9B, to an unknown address, likely part of a plan to repay creditors  —  Nearly 107,000 bitcoin have been moved since early Asian hours on Tuesday, with bitcoin shedding 1.2% on expectations of selling pressure. Lees verder op Tech Meme

Bloomberg: How pro-Russian groups exploit Telegram, which has 41M MAUs in the EU, below the DSA’s 45M threshold, to spread disinformation on Ukraine, immigration, and more  —  Pro-Russian disinformation groups are exploiting the “very, very lax” rules on Telegram and there’s little EU authorities can do about it. Lees verder op Tech Meme

Cade Metz / New York Times: OpenAI begins training its new flagship AI model, a process that could take nine months or more, and creates a Safety and Security Committee to explore risks  —  The advanced A.I. system would succeed GPT-4, which powers ChatGPT.  The company has also created a new safety committee to address A.I.’s risks. Lees verder op Tech Meme

Michael Nuñez / VentureBeat: Researchers find that GPT-4 can outperform human analysts in predicting the direction of future corporate earnings even when given only financial statements  —  Researchers from the University of Chicago have demonstrated that large language models (LLMs) can conduct financial statement analysis … Lees verder op Tech Meme