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Apple announces Final Cut Pro and Logic Pro for iPad, available as subscriptions on May 23; Final Cut requires an M1 chip or newer and Logic needs A12 or newer (Zac Hall/9to5Mac)

Zac Hall / 9to5Mac: Apple announces Final Cut Pro and Logic Pro for iPad, available as subscriptions on May 23; Final Cut requires an M1 chip or newer and Logic needs A12 or newer  —  Mic drop moment for pro apps team at Apple this morning.  Apple just announced that Final Cut Pro and Logic

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Finnish wearable maker Oura acquires Proxy, which makes digital identification tools, in an all-equity deal; PitchBook says Proxy was valued at $292M in 2020 (Edward Ludlow/Bloomberg)

Edward Ludlow / Bloomberg: Finnish wearable maker Oura acquires Proxy, which makes digital identification tools, in an all-equity deal; PitchBook says Proxy was valued at $292M in 2020  —  Finnish wearable-technology maker Oura Health Oy is acquiring a little-known tech startup, Proxy Inc., which makes digital identification tools …

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8fig, which plans to offer an AI-powered “C-suite” for e-commerce companies, starting with an AI CFO, raised a $40M Series B and $100M in a credit facility (Christine Hall/TechCrunch)

Christine Hall / TechCrunch: 8fig, which plans to offer an AI-powered “C-suite” for e-commerce companies, starting with an AI CFO, raised a $40M Series B and $100M in a credit facility  —  E-commerce businesses don’t often build big companies: they might be big in revenue, but remain lean in headcount.

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African B2B e-commerce startups are scaling back operations and laying off staff; 28 of them raised $470M+ since 2008, of which 90% came between 2021 and 2022 (Damilare Dosunmu/Rest of World)

Damilare Dosunmu / Rest of World: African B2B e-commerce startups are scaling back operations and laying off staff; 28 of them raised $470M+ since 2008, of which 90% came between 2021 and 2022  —  Amid the global funding crunch, B2B startups are scaling back operations and laying off employees.  —  • LAGOS, NIGERIA

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How Chief Product Officers drive revenue acceleration

In today’s fast-paced business environment, where having the right product is critical to success, Chief Product Officers (CPOs) have become increasingly essential. They play a crucial role in driving revenue growth and ensuring that a company’s product strategy is aligned with its overall business objectives. But how does that translate into revenue acceleration? In this

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Wendy’s partners with Google to automate its drive-through using an AI chatbot, rolling out in June to an Ohio restaurant; the bot has been programmed to upsell (Angus Loten/Wall Street Journal)

Angus Loten / Wall Street Journal: Wendy’s partners with Google to automate its drive-through using an AI chatbot, rolling out in June to an Ohio restaurant; the bot has been programmed to upsell  —  The fast-food chain has customized a language model with terms like ‘JBC’ for junior bacon cheeseburger and ‘biggie bags’ for meal

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Component-based development has been a long time coming

It was 1991, and I was sitting at yet another software development conference listening to a presentation on a new concept: developing applications from reusable and interchangeable parts or component-based development. The presenter made compelling comparisons with the manufacturing industry. We don’t build cars from scratch, building each part as we manufacture the car. We

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14 popular AI algorithms and their uses

Amid all the hype and hysteria about ChatGPT, Bard, and other generative large language models (LLMs), it’s worth taking a step back to look at the gamut of AI algorithms and their uses. After all, many “traditional” machine learning algorithms have been solving important problems for decades—and they’re still going strong. Why should LLMs get

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Nintendo expects to sell 15M Nintendo Switch consoles this fiscal year, below analyst estimates of 15.7M; the company sold 18M units in the year to March 2023 (Bloomberg)

Bloomberg: Nintendo expects to sell 15M Nintendo Switch consoles this fiscal year, below analyst estimates of 15.7M; the company sold 18M units in the year to March 2023  —  Nintendo Co. expects to sell 15 million units of its Switch console this fiscal year, showing the extent of the slowdown for its six-year-old flagship product.

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The Alliance for Creativity and Entertainment will run a global task force to tackle online sports piracy, working with Interpol, Europol, DAZN, beIN, and more (Daniel Thomas/Financial Times)

Daniel Thomas / Financial Times: The Alliance for Creativity and Entertainment will run a global task force to tackle online sports piracy, working with Interpol, Europol, DAZN, beIN, and more  —  Group will work with Interpol and Europol to crack down on illegal streaming of sporting events

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After GPTZero gained 1.2M users since January, co-founder Edward Tian raised $3.5M to launch Origin, aimed at “saving journalism” by detecting AI disinformation (Diana Li/Bloomberg)

Diana Li / Bloomberg: After GPTZero gained 1.2M users since January, co-founder Edward Tian raised $3.5M to launch Origin, aimed at “saving journalism” by detecting AI disinformation  —  Journalists, screenwriters and college professors are among widening groups of people who are concerned …

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Global tablet shipments fell 18% YoY to 31.7M in Q1 2023, the lowest shipment volume since Q1 2020; Apple had 12.35M shipments, down 17% YoY, for a 38.9% share (Canalys)

Canalys: Global tablet shipments fell 18% YoY to 31.7M in Q1 2023, the lowest shipment volume since Q1 2020; Apple had 12.35M shipments, down 17% YoY, for a 38.9% share  —  According to the latest Canalys data, global tablet shipments fell 18% year on year in the first quarter of 2023 to 31.7 million units.

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