Jack Dorsey’s alternative to Twitter called Bluesky is taking off. Last week, Bluesky had its biggest single-day jump in new sign-ups. Still in beta, the platform has only a few thousand users, but seems to have the right ones. High-profile socialistas including Representative Alexandria Ocasio-Cortez (D-New York) model Chrissy Teigen and influencer Dril (Paul Dochney) have joined, and thousands of others are waitlisted. Bluesky began rolling out to iOS devices in February and added Android last month. The app offers some of the same features as Twitter, including the ability to post short text and photo updates, replies and shares. Read more

Tubi founder and CEO Farhad Massoudi is exiting the free AVOD platform in a restructuring by parent Fox Corporation. Paul Cheesbrough, Fox Corp. CTO and president of digital, will take the reins as CEO of the Tubi Media Group, which will house Fox’s standalone digital businesses — including Tubi, Credible and Blockchain Creative Labs — as well as the digital platforms and teams that underpin Fox’s wider digital business in news, sports and entertainment. TMG will be comprised of three divisions: Tubi Streaming, Fox Digital Platforms Group and the AdRise Video Network. Read more

Amazon is giving Alexa an AI update, with a “more generalized and capable” large language model in development to power the device, CEO Andy Jassy told investors on the company’s Q1 earnings call. While Jassy addressed updates to the company’s AI and machine learning tech that is now facing increased competition, it was actually advertising that gave the company bragging rights this quarter. Amazon’s ad products had 21 percent revenue growth year-over-year, totaling $9.5 billion. As many digital companies struggle to maintain ad momentum in a restrained market, the results are impressive. Read more

A bipartisan bill introduced in the Senate last week seeks to establish a federal age limit for using social media that would prohibit children 12 and under from creating their own accounts as a way to prevent them from independently logging on to social platforms. The Protecting Kids on Social Media Act takes issue with the engagement algorithms Big Tech uses to keep kids glued to their sites and would limit the type of coding that could be deployed to target young users between the ages of 13 and 17. If not logged into an account, users under 13 could still access other online content. Read more

PricewaterhouseCoopers U.S. will invest $1 billion to expand and scale its artificial intelligence capabilities over the next three years. The accounting giant will work with Microsoft and OpenAI to automate parts of its tax, audit and consulting services. In addition to scouting for AI software acquisitions, the investment will also fund training for its staff of 65,000 and recruitment of new talent. PwC predicts generative AI will “change business models and reinvent entire industries,” contributing up to $15.7 trillion to the global economy by 2030. Read more