Zaheer Kachwala / Reuters:
Roblox reports Q1 revenue up 22% YoY to $801M, bookings up 19% YoY to $923M, DAUs up 17% YoY to 77.7M, and cuts its full-year bookings forecast; RBLX drops 30% — Roblox (RBLX.N) cut its annual bookings forecast on Thursday, in a sign that people were dialing back on spending within …
Nicholas Yong / Rest of World:
Some Singaporean writers are resisting their government's request to use their works to train a multilingual LLM, citing little clarity on compensation and more — Singapore's literary community is pushing back against an official effort to train LLMs using their published works, part of a growing global resistance.
Jaspreet Singh / Reuters:
Bumble reports Q1 revenue up 10.2% YoY to $267.8M, vs. $265.5M est., total paying users of ~4M, up from 3.5M a year ago, and expects Q2 revenue below estimates — Bumble (BMBL.O) beat Wall Street estimates for first-quarter revenue on Wednesday helped by growth in its paying users …
Carl Franzen / VentureBeat:
OpenAI publishes Model Spec, which specifies how its models should behave, including objectives, rules, and default behaviors, and asks the public for feedback — OpenAI isn't done trying to live up to the “open” in its name. — While not making any of its new models open source …
Stephanie Palazzolo / The Information:
DatologyAI, which aims to help researchers better curate AI training datasets, raised a $46M Series A led by Felicis, after a $11.65M seed in February 2024 — For all that's leaked about the sizes and architectures of the advanced large language models developed by OpenAI and its ilk …
Jing Yang / The Information:
Internal memo: Shein tells staff that the company is stepping up efforts to keep products made with forced labor off its platform, citing tougher US enforcement — China-founded fashion giant Shein told employees it is stepping up its efforts to keep products made with forced labor off its site …
Brian Heater / TechCrunch:
Researchers say they have unlocked a kind of sperm whale “alphabet” with the aid of machine learning, a breakthrough in understanding cetacean communication — Researchers at MIT CSAIL and Project CETI believe that they have unlocked a kind of sperm whale alphabet with the aid of machine learning technologies.
Rachel Metz / Bloomberg:
Source: OpenAI is developing a feature for ChatGPT that can search the web and show results with citations to sources and images — The feature would let ChatGPT users search the web and cite sources in its results. — OpenAI is developing a feature for ChatGPT that can search the web …
CNBC:
Disney reported Disney+ and Hulu had an operating income of $47M in Q2, vs. a loss of $587M YoY, the first time the streamers had a combined profit in a quarter — The “Partners” statue of Walt Disney and Mickey Mouse, at Cinderella Castle at the Magic Kingdom, at Walt Disney World …
Aisha S Gani / Bloomberg:
UK banking app Revolut launches Revolut X, a crypto trading service to let “experienced traders” buy and sell 100+ different tokens, with 0% to 0.09% fees — The new platform, called Revolut X, will allow “experienced traders” to buy and sell over 100 different tokens, according to a statement on Tuesday.