As weak global demand forces major handset manufacturers to cut costs and restructure, Oppo is disbanding its young chip design unit Zeku. The decision surprises those who believe the phone maker is bolstering its in-house chip development as rising geopolitical tensions with the U.S. threaten to cut Chinese firms off …

Meta launched an AI Sandbox today to help advertisers create alternative copies, background generation through text prompts, and image cropping for Facebook and Instagram ads. The first feature lets brands create different versions of the same copy for different audiences while maintaining the ad’s message. Background generation simplifies campaign asset …

Hasbro wants more after “Dungeons & Dragons: Honor Among Thieves” grossed $200 million worldwide. eOne, owned by Hasbro, launched a free, ad-supported streaming television (FAST) channel for the popular role-playing tabletop game on Thursday. Variety broke the news. The 24-hour FAST channel Dungeons & Dragons Adventures launches this summer. It …

Musk claims he found a new Twitter CEO. The Wall Street Journal reports that NBCUniversal Head of Advertising Linda Yaccarino is “in talks” for the role. Musk did not specify. Musk tweeted that he will step down as CEO of the social network and become its executive chair and CTO. …

After a cyberattack, TechnologyOne halted trading. The Brisbane-based software maker reported that “an unauthorized third-party acted illegally to access its internal Microsoft 365 back-office system” in a stock exchange filing on Wednesday. TechnologyOne said its customer-facing platform is not connected to the affected Microsoft 365 system and “therefore has not …

Microsoft’s Climate Innovation Fund helped Denver-based AMP Robotics extend its Series C round to $99 million. It was $91 million in November. AMP raised $178 million in the extended Series C, led by Congruent Ventures and Wellington Management, Blue Earth Capital, Sidewalk Infrastructure Partners, Tao Capital Partners, XN, Sequoia Capital, …

PaLM 2. GPT-4. Text-generating AI grows daily. Researchers cannot see how most of these models work because they are behind APIs. Open source AI is becoming as advanced as commercial AI. The Allen Institute for AI Research (AI2) will release the Open Language Model in 2024. AMD, the Large Unified …

  MEPs voted this morning to amend the bloc’s draft AI legislation, including requiring foundational models that underpin generative AI technologies like OpenAI’s ChatGPT. The amendment agreed by MEPs in two committees required foundational model providers to apply safety checks, data governance measures, and risk mitigations before releasing their models, …

Disney’s total subscriber base fell 2% in the quarter ending March this year. The decline is mostly due to Hotstar. Disney+ Hotstar, which serves India and Southeast Asia, lost 4.6 million subscribers in the quarter. For the second quarter in a row, the platform’s subscriber count fell. Hotstar has lost …

The U.S. has seized 13 more domains linked to popular DDoS-for-hire websites. These “booter” or “stressor” websites allow admins to stress-test websites. The services actually launch DDoS attacks to take down websites and networks. On Monday, the DOJ announced that the FBI had seized 13 more domains linked to some …