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Global foldable phone shipments were up 49% YoY in Q1, marking its highest rate of increase in six quarters; Huawei led with a 35% share, overtaking Samsung (Counterpoint Research)

Meta is notifying Instagram and Facebook EU users that it's using their data to train its AI models, and users can opt out, "if your objection is honoured" (Ben Lovejoy/9to5Mac)

FCC ends the Affordable Connectivity Program, which helped low-income Americans afford internet service, after the House failed to approve additional funding (Brian Fung/CNN)

Meta begins rolling out TweetDeck-style customizable feeds on Threads globally, following a test that started earlier this month (Emma Roth/The Verge)

Sources: the US is probing whether chip-equipment maker Ronda Korea has been selling parts using tech made by US' Lam Research to sanctioned Chinese companies (The Information)

Mistral AI releases 22B-parameter Codestral, its first generative AI model for coding, trained on 80+ programming languages and prohibited for commercial use (Kyle Wiggers/TechCrunch)

Source: cloud GPU provider CoreWeave, which was last valued at $19B and raised ~$10B in equity and debt over the past year, plans an IPO in H1 2025 (Cory Weinberg/The Information)

The US will reactivate Trump-era tariffs on June 15 that apply to select imported goods from China, including graphics cards, motherboards, and desktop cases (Michael Kan/PCMag)

In a spat on X, Meta's Chief AI Scientist Yann LeCun calls out Elon Musk for saying xAI will pursue "truth" as Musk spreads "crazy-ass conspiracy theories" on X (Maxwell Zeff/Gizmodo)

The hacking group RansomHub claims to be behind the attack that hit Christie's, and threatens to release sensitive information about the auction house's clients (Zachary Small/New York Times)

Meta adds safety features to CrowdTangle for use during the EU elections, in a bid to address EU concerns over Meta's plan to shut down the tool in August 2024 (Foo Yun Chee/Reuters)

A look at the growing importance of ads for video streaming services, as Antenna says that 56% of new subscribers chose the cheaper ad-supported tier in Q1 2024 (John Koblin/New York Times)

Dating apps are trying to woo Gen Z women by boosting moderation tools and more; Tinder has consistently lost MAUs since 2021 and paid subs fell under 10M in Q1 (Stephanie Stacey/Financial Times)

Elon Musk's xAI says it raised a $6B Series B at a pre-money valuation of $18B from investors including Valor Equity, Vy Capital, a16z, Sequoia, and others (x.ai)

China set up a new $47.5B state-backed investment fund on May 24 to boost the country's semiconductor industry (Reuters)

An analysis of ChatGPT, Claude, Copilot, Gemini, and Perplexity's responses to some real-life questions and everyday tasks: Perplexity ranked first overall (Wall Street Journal)

Researchers find that GPT-4 outperforms human analysts in predicting future corporate earnings growth even when provided only with financial statements (Michael Nuñez/VentureBeat)

A significant amount of illicit crypto activity still remains in China, highlighting the continuing use of cryptocurrencies despite Beijing's digital asset ban (Bloomberg)

A US jury finds that Phoenix Digital, which owns the cheat mod site AimJunkies, is guilty of violating Bungie copyrights when it created cheats for Destiny 2 (Wes Davis/The Verge)

How Threads became a gathering space for young progressives in Taiwan, who now use the app to organize protests against pro-China opposition parties (Viola Zhou/Rest of World)

Congress has quietly diverted $3.5B from the US CHIPS Act to Secure Enclave, a classified project proposed by Intel to build chips for defense needs (Christine Mui/Politico)

Google says the vast majority of AI Overviews provide high-quality information and many of the viral examples have been uncommon queries or have been doctored (Peter Kafka/Business Insider)

A Delaware federal court overturns a jury's 2022 decision that Shopify owes $40M to Express Mobile for infringing patents related to website-building tools (Josh Scott/BetaKit)

Microsoft's Bing, Copilot, and Copilot in Windows services are back online worldwide after an outage that began around 3 AM ET on May 23 and lasted 24+ hours (Mayank Parmar/BleepingComputer)

A look at the privacy and security concerns surrounding Microsoft's Recall, which will record everything users do in Windows for up to three months by default (Lawrence Abrams/BleepingComputer)