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November 3, 2021, 8:05 AM
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| New York Times: |
Meta plans to shut down Facebook's decade-old facial recognition system this month, deleting the face scan data of 1B+ users following legal and regulatory woes — Saying it wants “to find the right balance” with the technology, the social network will delete the face scan data of more than one billion users.
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Meta, Gizmodo, Ars Technica, Wired, Common Dreams, BBC, BetaNews, Reuters, Electronic Frontier Foundation, XDA Developers, Social Media Today, Pocket-lint, The Verge, PhoneArena, TechCrunch, TechSpot, TechCircle, The Hacker News, iThinkDifferent, fossbytes.com, The Overspill, Pocketnow, PYMNTS.com, Fortune, USA Today, Quartz, Liliputing, WRAL TechWire, Neowin, TechRadar, BleepingComputer, Voice of America, TNW, Mashable, NBC Bay Area, Security Affairs, MSPoweruser, SlashGear, Variety, and Input
Tweets: @kashhill, @nytimes, @kevinbankston, @eff, @kashhill, @katecrawford, @swodinsky, @kharijohnson, @jovialjoy, @xor, @tomgara, @shiraovide, @rmac18, @aprilaser, @jt_teran, @broderick, @brianbrackeen, @evacide, @om, @om, @guntruth, @katienotopoulos, @samfbiddle, @slpng_giants, @edzitron, @charlescearl, @eculliford, @jfreewright, @marshacollier, @peninsulaqatar, @akianastasiou, @rajiinio, @caseyjohnston, @petermdenton, @katienotopoulos, @aprilaser, @shahidforchange, @digiphile, @om, @rmac18, @rmac18, @aprilaser, @blackamazon, @stephenpunwasi, @neontaster, @rcalo, @jbadomics, @alexhern, @jason_grosse, @jkosseff, @donie, @mattburgess1, @kashhill, @jason_kint, @nickwatts1988, and @jonrosenberg
| Taylor Soper / GeekWire: |
Zillow says it is shutting down its home buying business, laying off ~2,000 employees, and taking a write down of $500M+; stock drops 10%+ — Zillow Group's ambitious tech-fueled bid to shake up how people buy and sell homes is coming to a surprising end. — The Seattle online real estate giant …
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Bloomberg, CNBC, Zillow Group, Inc., Wall Street Journal, VICE, The Seattle Times, Fast Company, MarketWatch, New York Times, CNN, MobileSyrup, Gizmodo, CBS News, Associated Press, Barron's Online, Fortune, The Real Deal New York, Insider, Axios, Protocol, New York Business Journal, and The Verge
Tweets: @opendoor, @jowens510, @kelseyhightower, @lt3000lyall, @waltisfrozen, @jowens510, @jonfortt, @xerxeswuff, @kyweise, @darrenrovell, @samro, @mikeisaac, @dangeiger79, @derektmead, @killedbygoogle, @business, @seldo, @pmddomingos, @ajlatrace, @toddhagopian, @carnage4life, @paul_essen, @carnage4life, and @jowens510. Thanks:@kslosh
| Mike Minotti / VentureBeat: |
Activision Blizzard says Blizzard co-leader Jen Oneal is stepping down, leaving Mike Ybarra as sole leader; Oneal says she'll focus on diversity in the industry — Activision Blizzard announced today that Jen Oneal is stepping down from her role as Blizzard co-leader, which she started in August along with Mike Ybarra.
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Blizzard News, Engadget, GamingBolt, Kotaku, MCV/DEVELOP, PC Games Insider, gamerant.com, Twinfinite, NME, gamerant.com, Game Developer, PC Gamer, Washington Post, Polygon, IGN, Engadget, Destructoid, Windows Central, Kotaku, The Verge, and GamesIndustry.biz
Tweets: @velocciraptor, @pezradar, @jasonschreier, @lepidopterrors, and @blizzard_ent
| Dean Takahashi / VentureBeat: |
Activision Blizzard reports Q3 revenue of $2.07B, up 6% YoY, net bookings of $1.88B, up 6% YoY, as user growth remains flat at 390M MAUs — Join gaming leaders online at GamesBeat Summit Next this upcoming November 9-10. Learn more about what comes next.| Tom Warren / The Verge: |
Microsoft will bring its mixed reality platform Mesh with 3D avatars and VR support to Teams in the first half of 2022 — Microsoft and Meta are on a collision course for metaverse competition — Microsoft is entering the race to build a metaverse inside Teams, just days after Facebook rebranded …
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Bloomberg, YouTube, Forkast, The Official Microsoft Blog, Silicon Republic, Microsoft 365 Blog, TNW, Coinspeaker, MediaNama, TechCircle, BGR India, Cointelegraph, Game Rant, cryptodaily.co.uk, Pocket-lint, Benzinga, Social Media Today, TechEBlog, KnowTechie, VentureBeat, SlashGear, and Gizmodo
Tweets: @satyanadella, @dujunx, @stroughtonsmith, @ibogost, @avinash, @el33th4xor, @chriscapossela, @microsoft, @maryjofoley, @carnage4life, @anonopshispano, @mcnees, @rleshner, @jamespmcleod, @pewilliams_, @bennetttomlin, @vanvidum, @resnikoff, @joserosado, @arrington, @kchoudhu, @lenkiefer, @microsoft365, @jeffteper, @brianroemmele, @darth, @carlquintanilla, and @emilychangtv
| Sarah Perez / TechCrunch: |
Netflix rolls out its exclusive mobile games globally to the Play Store and plans to feature them in its Android app starting this week — After early tests in select markets, Netflix announced today its debut lineup of exclusive mobile games will begin rolling out to all members globally on Android devices, starting this week.
Source:
About Netflix. More:
techadvisor.com, Comic Book, Polygon, BGR, Moneycontrol, Gamereactor UK, Laptop Mag, Reuters, iPhone in Canada Blog, Wall Street Journal, Gizmodo, CNBC, and SlashGear
Tweets: @stroughtonsmith, @gartenberg, @alexisohanian, @kdramafolder, and @markgurman
| Kyle Wiggers / VentureBeat: |
Microsoft announces Loop, an app that combines a “flexible canvas” with collaborative components that sync across Microsoft 365 services — At its Ignite 2021 conference today, Microsoft announced Loop, a new app that combines a “flexible canvas” with components …
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Microsoft 365 Blog, The Verge, TechCrunch, ZDNet, Android Headlines, CNBC, Laptop Mag, and Pocket-lint
| Paulina Duran / Reuters: |
Australia's largest bank Commonwealth Bank to become the country's first bank to offer customers crypto services, including cryptocurrency trading via its app — Commonwealth Bank of Australia will become the country's first to offer retail clients crypto services, Australia's largest bank …
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ZDNet, The Block, Finextra, Australian Financial Review, Cointelegraph, iTnews, and Bitcoin Magazine
Tweets: @cbanewsroom and @commbank
| Cameron Faulkner / The Verge: |
Oculus rolls out v34, adding a Space Sense safety feature notifying users when objects, people, or animals intrude on a safe VR space, alongside other features — Version 34 is starting to roll out today — Fresh off of Meta's Connect 2021 keynote, where Grand Theft Auto …
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UploadVR, Oculus Blog, Micky, SlashGear, Kotaku, VRScout, and Android Central
Tweets: @j_shepz, @rufftalkvr, @schrep, @matinassi, @thekenyeung, @starfire2258, and @olifranklin
| Eli Tan / CoinDesk: |
Faze Technologies, which wants to launch a Cricket NFT marketplace and build “the metaverse for cricket”, raises a $17.4M seed led by Tiger Global — Tiger Global led a $17.4 million seed round for Faze Technologies, the company announced Wednesday.
More:
The Economic Times and Tech in Asia
| Reuters: |
Chinese central bank official says around 140M people opened wallets for digital yuan as of October and used it for transactions totaling around $9.7B — Some 140 million people had opened “wallets” for China's new digital yuan as of October and used it for transactions totalling around 62 billion yuan …
More:
Bloomberg, CoinDesk, and Cointelegraph
| Campbell Kwan / ZDNet: |
A joint probe by Australia and UK's Information Commissioners finds Clearview AI collected data on 3B+ people by indiscriminately scraping info from the web — Despite uncovering Clearview AI's intrusive practices, Australia's Information Commissioner conceded that the number of Australians …
Source:
Office of the Australian Information Commissioner. More:
The Verge, Silicon Republic, iTnews, The Guardian, and Reuters. Tweets: @andrewtychen
| Billy Perrigo / TIME: |
Sources: Facebook has done little to act on the Islamophobic “Love Jihad” conspiracy theory on its platform in India due to “political sensitivities” — In a video posted to Facebook in November 2020, an extremist priest called for Hindus to rise up and begin killing Muslims in India.| PYMNTS.com: |
Laika, which helps companies implement compliance guidelines by automating infosec workflows, raises a $35M Series B led by JP Morgan Growth Equity Partners — Compliance-as-a-service platform Laika has raised $35 million in a Series B funding round led by J.P. Morgan Growth Equity Partners …
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PR Newswire
| David Uberti / Wall Street Journal: |
A look at the hurdles the FTC faces in strengthening online privacy, including budgetary constraints, personnel changes, and potential legal pushback — Agency wants to tackle data privacy after years of legislative inaction, but Congress is likely to control whether FTC has budget to do so| Catalin Cimpanu / The Record: |
The criminal group behind BlackMatter ransomware announces plans to shut down the operation, citing “pressure from the authorities” — The criminal group behind the BlackMatter ransomware have announced plans today to shut down their operation, citing pressure from local authorities.
More:
Security Affairs and BleepingComputer
Tweets: @780thc, @dalperovitch, @dalperovitch, @campuscodi, @thedarktangent, and @gossithedog
| Reuters: |
Sources: Myanmar's junta has tasked thousands of soldiers to create fake accounts to allege election fraud and denounce anti-coup protestors on social media — As Myanmar's military seeks to put down protest on the streets, a parallel battle is playing out on social media …
Tweets: @campuscodi, @cvdom2021, and @andreasharsono
| Reuters: |
Tencent announces a cloud operating system called Orca and three chips, one for AI, another for video processing, and a chip for high-performance networks — Chinese technology giant Tencent Holdings (0700.HK) touted progress in semiconductor chip development and investment on Wednesday … | Zheping Huang / Bloomberg: |
Source: ByteDance co-founder Zhang Yiming, who stepped down as CEO in May, has left the board after stepping down as chairman; CEO Liang Rubo to become chairman — - Zhang announced in May he was giving up his CEO title — Chinese tech giant this week announced a restructuring| Eleanor Olcott / Financial Times: |
Company salaries of data protection officers are soaring across China after laws were introduced that hold the officers personally responsible for any failures — Sweeping legislation has created huge demand but job risks have risen alongside salaries — Chinese data protection officers …
Tweets: @ellieolcott, @martinsfp, @empo11on, @noraniloideain, @lukolejnik, and @benjaminqiu
| Anuchit Nguyen / Bloomberg: |
Siam Commercial, Thailand's largest bank in which its king is the largest shareholder, acquires 51% of crypto exchange Bitkub for $535M, at a $1B+ valuation — - Siam Commercial Bank buys majority stake in Bitkub Online — Bitkub coin surges 200% to record $2.85 following Siam deal
More:
Tech in Asia
| Meaghan Tobin / Rest of World: |
As Microsoft shuts down LinkedIn in China, developers worry GitHub could be next, even though nearly 10% of GitHub's contributors in 2020 were from China — As Microsoft scales back the Chinese version of LinkedIn, developers worry the code repository could be next.
Tweets: @anupkaphle
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