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Techmeme
April 28, 2023, 3:15 PM
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Top News

Reuters:
EU lawmakers push forward an AI Act draft, which includes requiring companies deploying generative AI tools to disclose copyrighted material used for training  —  Companies deploying generative AI tools, such as ChatGPT, will have to disclose any copyrighted material used to develop their systems …
Stephen Graves / Decrypt:
Bluesky is seeing an influx of users, including @dril and AOC, with some referring to posting on the Jack Dorsey-backed social network as “skeeting”  —  Instead of “tweeting,” the influx of new Bluesky users has coined a new term for sharing their thoughts on the decentralized social media app.
Olga Kharif / Bloomberg:
A US federal judge orders South Africa-based bitcoin pool operator Mirror Trading's CEO to pay $3.4B after CFTC charged the company with a $1.7B fraud in 2022  —  A US judge has ordered a South African executive to pay more than $3.4 billion in restitution and fines for a fraud scheme involving Bitcoin …
Steve Dent / Engadget:
Sony reports Q4 revenue up 30% YoY to ~$22.7B, and 6.3M PS5 sales, up from 2M YoY; Sony has sold 19.1M PS5s in FY 2022 and 38.4M PS5s in total since launch  —  Now that it's solved its supply shortages, Sony is seeing a lot of pent-up demand for PlayStation 5 consoles.
Jess Weatherbed / The Verge:
The US sentences ex-Apple worker Dhirendra Prasad to three years and orders him to pay $19M+ for stealing ~$17M from Apple via parts supplier kickbacks and more  —  A former Apple employee has been sentenced to three years in prison and must pay back over $19 million in restitution …
Bloomberg:
The New York City MTA ends its Twitter service alerts, saying the platform is “no longer reliable” and that Twitter demanded $50K per month for API access  —  New York City's mass-transit system is ending its real-time service alerts on Twitter for subway, train and bus riders …
Cecilia D'Anastasio / Bloomberg:
The UK CMA's block of Microsoft's Activision deal focuses on the nascent cloud gaming market, confusing analysts as regulators typically focus on mature markets
Sarah Perez / TechCrunch:
Pinterest announces a multi-year strategic ad partnership with Amazon, its first ads partner, to bring more brands and relevant products to the social network  —  Pinterest today announced a multiyear strategic ad partnership with Amazon aimed at bringing more brands and relevant products to its platform.

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 3:15 PM ET, April 28, 2023.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

From Mediagazer

The Foundation for Individual Rights and Expression:
A federal judge rules that two statutes Marco Rubio used to try to deport legal immigrants for their speech violate the First Amendment and are unconstitutional

Josh Gerstein / Politico:
The firings of three Stars and Stripes journalists are on hold until September 4, when a judge set an injunction hearing to pause the firings during litigation

Matthew Keys / TheDesk.net:
SiriusXM will drop Howard Stern's Howard 101 channel while keeping Howard 100 as part of a programming shuffle to make room for Audacy sports radio stations

More News

Viola Zhou / Rest of World:
A profile of Liu Xiaoping, a dog food seller who coaches fellow Pinduoduo merchants on how to use legal action to fight the app's refund-without-return policy
Blake Brittain / Reuters:
Filing: Triller agrees to pay Sony Music $4.5M+ to settle claims that Triller breached a 2016 contract covering its use of musicians' songs on the platform
Aoyon Ashraf / CoinDesk:
Robinhood debuts Connect, which lets users fund their self-custody Web3 wallets without leaving a decentralized app or being in their Robinhood Crypto accounts
Mickey Djuric / Canadian Press:
Canada's Online Streaming Act passes its final Senate vote; the law requires streaming services to support Canadian content and gives the CRTC regulatory power
Rohan Goswami / CNBC:
Cloudflare reports Q1 revenue up 37% YoY to $290.2M vs. $290.8M est., a $38.1M net loss, and revenue guidance for Q2 and FY 2023 below estimates; NET drops 20%+

Earlier Picks

Ellen Huet / Bloomberg:
Clubhouse plans to lay off 50%+ of its employees and “reset” the company, despite claiming to have “years of runway”; Clubhouse had ~100 staff in October 2022
Jonathan Vanian / CNBC:
Snap reports Q1 revenue down 7% to $989M, vs. $1.01B est., global DAUs up 15% YoY to 383M, vs. 384M est., and a $329M net loss, vs. $360M YoY; SNAP drops 15%+
Kif Leswing / CNBC:
Intel reports Q1 revenue down 36% YoY to $11.7B, vs. $11.04B est., its largest quarterly loss yet, and Data Center and AI revenue down 39% YoY to $3.7B
CNBC:
Coinbase offers a fiery response to the SEC's Wells notice from March 2023, saying enforcement action would present “major” risks to the SEC's regulatory model
Ingrid Lunden / TechCrunch:
Dropbox plans to lay off 16% of its staff, or ~500 employees; CEO Drew Houston blames slowing growth and because “the AI era of computing has finally arrived”
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