Thursday, May 2

5 things you missed today

Author

Max
May 02, 2024

Good Evening,

Here are the 5 things you missed today:

1.  👮 Microsoft Banned U.S. Police From AI

Microsoft changed its policy to ban U.S. police departments from using its Azure OpenAI service, the company’s fully managed, enterprise-focused OpenAI tool. The ban also includes any law enforcement globally and bans the use of real-time facial recognition technology.

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2.  🪙 Coinbase Revenue Surged in Q1

Cryptocurrency exchange platform Coinbase reported better-than-expected revenue in Q1 of $1.64 billion actual vs. $1.34 billion expected. Coinbase shares are up roughly 30% this year thanks to a steep bitcoin rally.

3. 💬 EU Could Scan Citizens’ Private Messages

In a controversial proposal from European Union lawmakers, messaging apps would be required to scan citizens’ private messages for child sexual abuse material (CSAM). Hundreds of security experts have warned it’s a faulty idea.

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4.  🚲 Peloton CEO Resigned & Cut 15% of Jobs

Peloton’s CEO Barry McCarthy is leaving his role after just two years in the role, alongside an announcement that the company is cutting about 15% of its workforce (400 jobs total) to cut $200 million in costs.

5. 🍩 Today’s Top Free iPhone App in the US

The spot goes to none other than… Krispy Kreme. The donut shop beat out Threads, Google, TikTok, and Temu for the top spot today, thanks to the company’s dozen days of deals.

Bonus. CEO Tip Of The Day

Who knew Kraft Mac & Cheese and Hidden Valley Ranch ice creams could cause a 51% revenue surge? Van Leeuwen, apparently. Here’s what their co-founder has to share about letting wacky collabs make up for marketing budgets.

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