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11:05 PM ET, May 30, 2024

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 Top News: 
Meg James / Los Angeles Times:
Report: Nelson Peltz' Trian Partners reaped ~$1B from its Disney stock after his unsuccessful proxy fight; Disney heeded some of his calls, cutting 8,000 jobs  —  In the end, veteran investor Nelson Peltz came away with a big win in his battle with the Walt Disney Co.
Discussion: @rfaughnder
RELATED:
CNBC:
Source: Nelson Peltz has sold his full Disney stake; in April, Peltz' Trian Partners lost a proxy battle after trying to elect Peltz and Jay Rasulo to the board
Charlotte Tobitt / Press Gazette:
Tom Rubin, OpenAI's chief of IP and content, says publisher partnerships are “largely not” about training AI but instead about use of tools and display of news  —  It is “incumbent” on OpenAI to make sure smaller publishers get the same potential benefits from platforms like ChatGPT …
Thomas Buckley / Bloomberg:
A look at Pixar's missteps since COVID-19: movies were released on Disney+ and key executives departed, leading to a focus on sequels to get back on track  —  After duds and missteps, the famed animation studio sees Inside Out 2 as key to restoring the magic.
Associated Press:
Iran says Saudi Arabia expelled six of its state media journalists after detaining them for nearly a week; Saudi Arabia claims they violated visa regulations  —  Iran said Wednesday that Saudi Arabia expelled six members of a crew from its state television broadcaster after they had been detained …
Anthony D'Alessandro / Deadline:
Brian Weinstein moves from president and COO of Bad Robot to serving as 3 Arts Entertainment co-CEO and senior adviser to Lionsgate CEO Jon Feltheimer  —  Former Bad Robot President and COO, Brian Weinstein, is heading over to Lionsgate in what is a dual role: He'll be the Co-CEO …
Hayden Field / CNBC:
Sources and docs: Twitch will end the contracts of its current Safety Advisory Council members; the new council will be mostly composed of Twitch Ambassadors  —  Twitch on Friday will terminate all members of its Safety Advisory Council, according to sources familiar with the situation and documents viewed by CNBC.
Emma Roth / The Verge:
Meta begins rolling out TweetDeck-style customizable feeds on Threads globally, following a test that started earlier this month  —  Threads is widely rolling out a desktop site redesign that lets you customize your homepage with a series of feeds, similar to TweetDeck.
Reuters:
Sources: TikTok is working on a clone of its recommendation algorithm for its US users that may result in a version that operates independently of ByteDance  —  TikTok is working on a clone of its recommendation algorithm for its 170 million U.S. users that may result in a version …
 
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 More News: 
Peter Beaumont / The Guardian:
A Haaretz journalist reveals Israeli security officials threatened him and blocked his reporting about a Mossad chief's efforts to intimidate an ICC prosecutor
 Earlier Picks: 
Rebuild Local News:
Illinois legislators included in their budget new tax credits for newsrooms that hire or retain local reporters, allocating $25M over five years, and more
 

 
From Techmeme:

Kent Walker / The Keyword:
Google says the DOJ's “wildly overbroad proposal goes miles beyond the Court's decision”, would hurt US consumers, and jeopardize the US' global tech leadership

Daniel Howley / Yahoo Finance:
Nvidia reports Q3 revenue up 94% YoY to $35.1B, vs. $33.2B est., Data Center revenue up 112% YoY to $30.8B, vs. $29B est., and forecasts Q4 revenue above est.

Matt Swayne / The Quantum Insider:
Google Quantum AI and DeepMind researchers debut ML decoder AlphaQubit, which surpasses existing methods in identifying and correcting quantum computing errors

 
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