Dwayne
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Developers on AI coding: many are enthusiastic and now feel more like architects than construction workers, some say software jobs openings may grow, and more (Clive Thompson/New York Times)
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Apple is lowering its commission for its App Store in mainland China from 30% to 25%, starting on March 15, "following discussions with the Chinese regulator" (Mark Gurman/Bloomberg)
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Telus Digital confirms a security incident after ShinyHunters claimed to have stolen nearly 1PB of data from the Canadian BPO giant in a multimonth breach (Lawrence Abrams/BleepingComputer)
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Sources: Qualified Health, which helps health care organizations assess and orchestrate AI tools, is raising a ~$100M Series A from NEA, SignalFire, and others (Erin Brodwin/Axios)
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Social media addiction trial: the plaintiff, Meta, and YouTube make their closing arguments; jurors begin deliberations on the liability for harms to children (Associated Press)
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Sources: UK-based cloud provider Nscale is in talks to buy a major data center site in West Virginia; Amazon and Meta have also expressed interest in the site (Anissa Gardizy/The Information)
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A US appeals court voids much of a March 2025 injunction blocking California's online child safety law, while keeping some of the law's provisions blocked (Jonathan Stempel/Reuters)
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Sources: Meta delayed the launch of its Avocado model to at least May over performance concerns and discussed temporarily licensing Gemini to power its products (Eli Tan/New York Times)
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Adobe reports Q1 revenue up 12% YoY to $6.4B, vs. $6.28B est., adjusted EPS above estimates, and forecasts Q2 revenue between $6.43B and $6.48B, vs. $6.43B est. (Zaheer Kachwala/Reuters)
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Allen Institute for AI CEO Ali Farhadi steps down after two and a half years to pursue research ambitions; founding member Peter Clark will serve as interim CEO (Todd Bishop/GeekWire)
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Sources: Amazon plans to move its Prime Day sale from July to late June; the shift affects its financial reporting, with event sales coming in Q2 rather than Q3 (Bloomberg)
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Sources: Meta has paused the Persian Gulf section of its 2Africa subsea cable project as the war in the Middle East freezes activity in the region (Bloomberg)
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Adobe CEO Shantanu Narayen will step down after a successor is named; he became CEO in 2007 and will remain as chair of the board; ADBE drops 6%+ after hours (Jordan Novet/CNBC)
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xAI hires senior Cursor leaders Andrew Milich and Jason Ginsberg; Elon Musk said he expects xAI to catch up with rivals in coding by "the middle of this year" (The Information)
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Tinder unveils updates designed to reinvigorate its product, bolster safety, and harness AI, including an Events tab and a virtual speed dating test in LA (Lauren Forristal/TechCrunch)
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PayPay shares jump 19% in their Nasdaq debut after the company's $879.8M US IPO, the biggest listing by a Japanese company on a US stock exchange in a decade (Georgie McKay/Bloomberg)
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Emil Michael says Anthropic's Claude models would "pollute" the DOD's supply chain because they have "a different policy preference" that is baked in (Ashley Capoot/CNBC)
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Swarm Aero, which is developing large swarming drones capable of carrying missiles and cargo, raised a $35M Series A, following a $22M seed in 2023 (Colin Demarest/Axios)
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A US DOJ-led international law enforcement operation disrupted SocksEscort, a residential proxy network used to exploit residential routers worldwide (Jessica Lyons/The Register)
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Sunday, which is building autonomous home robots, raised a $165M Series B led by Coatue at a valuation of $1.15B, and aims to begin testing in homes this year (Paayal Zaveri/Bloomberg)
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