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December 18, 2021, 2:25 PM
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memeorandum
WeSmirchTop News
| Luke Plunkett / Kotaku: |
GSC Game World decides to “cancel anything NFT-related” in its game Stalker 2 after fans criticize its plans for in-game NFTs in partnership with DMarket — It hasn't been a great week for the GSC Game World team — STALKER 2 developers GSC Game World announced yesterday that they'd be adding NFTs to the game.| Melanie Mitchell / Quanta Magazine: |
AI language models like GPT-3 can achieve up to 97% accuracy on some Winograd schemas, but understanding language doesn't equate to understanding the world — It's simple enough for AI to seem to comprehend data, but devising a true test of a machine's knowledge has proved difficult.| UPI: |
JPMorgan Chase will pay fines of $125M to the SEC and $75M to the CFTC for letting some employees use WhatsApp and other unapproved channels to conduct business — JPMorgan Chase has agreed to pay a $125 million penalty for allowing employees on Wall Street to use smartphone apps … | Wall Street Journal: |
Investigation: a dozen automated TikTok accounts, registered as 13-year-olds, were shown tens of thousands of weight-loss videos within a few weeks of joining — The app's algorithm can send users down rabbit holes of narrow interest, resulting in potentially dangerous content such as emaciated images …
More:
The Verge and Tom's Guide
| Financial Times: |
Executives at US software companies have sold hundreds of millions of dollars of stock this year, as the SEC looks to tighten rules around sales by insiders — Chief of high-flying Snowflake sells $344m this week, capping a spate of insiders selling software shares
Tweets: @jessefelder
| BBC: |
A look at Russia's efforts to censor Western social media with fines and takedown requests, as most posts Russia wanted removed in 2021 were pro-Navalny content — Google and Meta face the threat of multi-million-dollar fines for failing to delete content that the Russian government considers illegal …
Tweets: @biannagolodryga, @jpmarthoz, and @fujiiponta
| Aditya Kalra / Reuters: |
India's antitrust watchdog CCI suspends Amazon's $200M investment in Future Group and fines Amazon ~$27M for concealing facts while seeking regulatory approval — India's antitrust agency suspended Amazon.com's (AMZN.O) 2019 deal with Future Group on Friday, potentially denting …
More:
TechCrunch, fossbytes.com, The Economic Times, and Gizchina
Tweets: @adityakalra, @adityakalra, and @adityakalra
| Kim Lyons / The Verge: |
TikTok says it is removing “alarmist warnings” about a supposed day of school violence that prompted some US districts to cancel classes on Friday — It hasn't found any videos threatening school violence on Friday, the company said — TikTok said Friday that it's working to remove … | Kate Krader / Bloomberg: |
TikTok partners with Virtual Dining Concepts to launch TikTok Kitchen, a food delivery service based on viral trends, starting with 300 US locations in March — The video platform is teaming up with Virtual Dining Concepts to deliver those viral foods across the country. Baked feta pasta, anyone?
More:
TechCrunch, ntmbulo.com, TechRadar, iMore, Gizmodo, Social Media Today, PhoneArena, 9to5Mac, Tubefilter, and Engadget
Tweets: @adetolaov, @adetolaov, @quicktake, @niallharbison, @tomiwalker_, @thenewb, @arrington, @kkrader, @dwhate, and @thekenyeung
| Reuters: |
Sources: China is expanding its practice of taking minority stakes in private Chinese tech companies to include firms possessing large amounts of key data — The Chinese government has been expanding its practice of taking minority stakes in private companies beyond those specialising …
Tweets: @hraleighspeaks
| The Streamable: |
Disney fails to reach a deal with YouTube TV, removing 17+ channels including ABC, Disney, ESPN, Freeform, and FX; YouTube TV drops its price to $49.99/month — After a year of bitter disputes with its partners, YouTube TV just took a gut-punch from one of the entertainment world's biggest titans.
More:
USA Today, 9to5Google, Los Angeles Times, Tom's Guide, Ars Technica, AppleInsider, MUO, Hollywood Reporter, The Verge, Mashable, Cord Cutters News, Variety, Washington Post, CNET, The Wrap, PhoneArena, Engadget, BetaNews, Deadline, Bloomberg, Digital Trends, Droid Life, GameSpot, and Android Police
Tweets: @trengriffin and @film_girl
| Coco Feng / South China Morning Post: |
ByteDance launches Douyin Box, a fashion-focused shopping app in China akin to its Fanno app in Europe, betting on the Gen Z trend of buying on influencer tips — The stand-alone Douyin Box app signals that ByteDance, the world's most valuable start-up, is betting big on e-commerce in China …
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