TechCoreVoice

Source: HeyGen, which uses AI to generate avatars and voices for videos, is raising $60M at a $440M pre-investment valuation, amid concerns about its China ties (The Information)

Q&A with ex-CEO of CrowdTangle Brandon Silverman about the founding principle of the research tool, Meta's decision to close it in an election year, and more (Chris Stokel-Walker/Fast Company)

Didi Q4: revenue up 55.4% YoY to ~$6.83B, a ~$113.15M net income, up from a ~$131.8M loss YoY, as the company continues its recovery after regulatory challenges (Reuters)

Sources: Anthropic has ruled out taking any Saudi money over national security concerns, as investors jostle to buy into FTX's 8% stake that is now worth ~$1B (Kate Rooney/CNBC)

Google is testing AI overviews in the main Google Search results with some users, even if they do not opt in to the Search Generative Experience labs feature (Barry Schwartz/Search Engine Land)

Mark Zuckerberg says Threads is adding live scores for NBA games, and plans to add support for additional leagues in the future (Aisha Malik/TechCrunch)

Reddit opens up 38%, at $47 per share, in its New York Stock Exchange debut, valuing the company at about $9B on a fully diluted basis (Bloomberg)

Epic plans to release the Epic Games Store on iOS and Android later this year, with the same terms as the ones for PC, including a 12% commission on sales (Ben Schoon/9to5Google)

Morph, an Ethereum Layer 2 network that uses a combination of optimistic and zero-knowledge rollup technologies, raised a $19M seed led by DragonFly Capital (Niamh Rowe/Fortune)

Sources: Saudi Arabia's Public Investment Fund discussed a potential partnership with a16z and others to create a fund of about $40B to invest in AI in H2 2024 (New York Times)

Inflection won't shut down Pi but will no longer focus on its consumer business, instead working with commercial customers to create, test, and tune AI systems (New York Times)

Sources: the US accounted for 60% of Temu's GMV in 2023, but the company hopes to reduce the share to as low as 30% by 2025, as US anti-China hostility grows (Jing Yang/The Information)