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May 17, 2023, 3:15 PM
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| Yogita Khatri / The Block: |
Tether plans to invest up to 15% of its profits in bitcoin, as the stablecoin developer shifts its reserves towards crypto and away from US government debt — - Tether is set to purchase bitcoin on a regular basis from its profits. — It held $1.5 billion in bitcoin as of the end of the first quarter …
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Tweets:
@tether_to, @paoloardoino, @alistairmilne, @wclementeiii, and @ben_mckenzie
| Ryan Weeks / The Block: |
Ripple acquires Switzerland-based digital asset custody startup Metaco for $250M in cash and stock and plans to keep the brand and founder Adrien Treccani — David Paul Morris/Bloomberg via Getty Images — Crypto payments firm Ripple shelled out $250 million for Swiss custody startup Metaco.
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Ripple, The Information, Crunchbase News, Reuters, SiliconANGLE, Metaverse Post, Ripple Labs, PYMNTS.com, CoinDesk, Cointelegraph, The Daily Hodl, CNBC, ZyCrypto, Crypto Daily, AltFi, Finextra, Decrypt, TechCrunch, Cryptonews, Metaco, Coinpedia Fintech News, crypto.news, Tech Startups, CryptoGlobe, Fortune, Watcher Guru, Forkast, CryptoSlate, and Tech.eu. Tweets:
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| Nikhilesh De / CoinDesk: |
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@filanlaw, @bgarlinghouse, @johnedeaton1, @attorneyjeremy1, @roslynlayton, and @mayazi
| Lawrence Abrams / BleepingComputer: |
Cybersecurity researchers and IT admins raise concerns over Google's new .zip and .mov TLDs, warning that threat actors could use them for phishing and malware — Cybersecurity researchers and IT admins have raised concerns over Google's new ZIP and MOV Internet domains …
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Bobbyr, Neowin, text/plain, The Register, Digital Trends, CircleID, and TechRadar
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@1zrr4h, @swiftonsecurity, @ericlaw, @molly0xfff, @smaugpool, @rickasaurus, @seyitaylor, @thejoshmeister, @gf_256, and @troyhunt
| Sarah Perez / TechCrunch: |
Amazon announces the new $40 semi-circle design Echo Pop, updates the $90 Echo Show 5, $100 Echo Show 5 Kids Edition, $50 Echo Buds, expands Echo Auto, and more — After last fall's Amazon hardware event which brought us a handful of new Echo devices, like the Dot with the clock and other minor updates …
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| CNBC: |
In an interview, Elon Musk discussed acquiring Twitter, defended his inflammatory tweets, called tech workers the “laptop class living in la-la-land”, and more — Tesla CEO Elon Musk sat down for a sprawling interview with CNBC anchor David Faber on Tuesday following .
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@nikkimcr, @alx, @ianbremmer, @zoeschiffer, @dnystedt, @elivalley, @arictoler, @elonmusk, @marionawfal, @nikkimcr, @kyliebytes, @brandyzadrozny, @shayan86, @ambermac, @hashtaggriswold, @junlper, @smtuffy, @mattbinder, @garyblack00, @codepo8, @zlingerrr, @junlper, @benjamingoggin, @zoeschiffer, @yoda, @parismarx, @oablanchard, @dsignasaur, @whatapityonyou, and @patrickmcgee_
| Jonathan Greig / The Record: |
Symantec says the advanced persistent threat Lancefly used custom malware to attack Asian governments, telcos, and other organizations from mid-2022 to Q1 2023 — A government-backed hacking group known as “Lancefly” has been seen using custom-made malware to attack governments, telecoms and other organizations across Asia.| Chris Welch / The Verge: |
Beats Studio Buds+ review: better sound, ANC, battery, and calls, but ANC lags AirPods Pro 2, no wireless charging, and lacks some of Apple's ecosystem tricks — With better sound, improved noise cancellation, and a standout translucent design, these are everything the original Beats Studio Buds should've been.
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| Jess Weatherbed / The Verge: |
Stability AI releases StableStudio, an open-source version of DreamStudio, its commercial interface for the company's text-to-image Stable Diffusion model — Stability AI is releasing an open-source version of DreamStudio, a commercial interface for the company's AI image generator model, Stable Diffusion.| Louise Matsakis / Semafor: |
After FiscalNote, which offers data to US lobbyists, shared plans to use ChatGPT, OpenAI told the company the chatbot can only be used for grassroots campaigns — OpenAI told a leading company that provides data to Washington lobbyists and policy advocates that it can't advertise using ChatGPT for politics.| Anna Tong / Reuters: |
A poll of 4,415 US adults finds that 61% believe AI could threaten civilization and 66%+ are concerned about negative effects; 70% of Trump voters are concerned — The swift growth of artificial intelligence technology could put the future of humanity at risk, according to most Americans surveyed … | Kevin Purdy / Ars Technica: |
Belkin says the company won't patch a buffer overflow vulnerability in the Wemo Mini Smart Plug V2 disclosed on March 14 as the device is at the end of its life — Tricking a plug with a too-long name could lead to buffer overflows, injections. — I once co-owned a coworking space.
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Sternum, The Verge, AppleInsider, Dark Reading, The Hacker News, MacRumors, and MobileSyrup
| Douglas MacMillan / Washington Post: |
Investigation: some US public housing agencies use surveillance cameras with facial recognition and other AI to evict residents, sometimes for minor violations — Surveillance cameras purchased with federal crime-fighting grants are being used to punish and evict public housing residents … | Tech Transparency Project: |
Researchers find that YouTube recommends videos on guns and school shootings to young gamers, despite the platform's policies against “violent or gory content” — YouTube says it delivers ‘responsible’ video recommendations. But its algorithms steered accounts …
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The Guardian, Engadget, Associated Press, Forbes, TechSpot, Gizchina, Beyond Search, and Dexerto
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@moustafaayad and @ttp_updates
| Peter Landers / Wall Street Journal: |
IBM plans to give $100M and Google plans to give $50M for quantum computing research to the University of Chicago and the University of Tokyo — Deal to be announced at Hiroshima G-7 summit seeks to preserve American lead in critical technology — TOKYO—IBM and Google are giving $150 million … | Stephanie Bodoni / Bloomberg: |
Sources: the Irish DPC is set to hand Meta a record EU privacy fine and order the company to stop all data transfers to the US that rely on certain clauses — Facebook owner Meta Platforms Inc. is set to be handed a record European Union privacy fine eclipsing a €746 million ($809 million) penalty doled out to Amazon.com Inc..| Reuters: |
Draft doc: European telecom groups propose that companies considered “large traffic generators” should help fund the rollout of 5G and broadband across Europe — Big tech companies accounting for more than 5% of a telecoms provider's peak average internet traffic should help fund … | Financial Times: |
Sources: Volkswagen held talks to use Huawei software in its cars in China, after its software unit Cariad missed its development goals and exceeded its budget — Turmoil at German carmaker's in-house software arm threatens to affect market share — Volkswagen has held talks …
More:
Huawei Central and Pandaily
Tweets:
@noahbarkin, @petercampbell1, @leemakiyama, and @sino_market
| Ivan Mehta / TechCrunch: |
Instagram adds support for GIFs in comments on posts and Reels, plans to launch a lyrics feature for Reels, and will roll out Instagram Gifts in India — On Tuesday, Mark Zuckerberg held a chat with Instagram head Adam Mosseri as part of the company launching collaboration feature on broadcast channels.
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Meta, Engadget, The Verge, Social Media Today, BigTechWire, Times of India, The Economic Times, Gizmochina, gHacks Technology News, Techlusive, and Neowin
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@metanewsroom, @mattnavarra, and @yoda
| Financial Times: |
As Chinese companies recruit South Korean tech talent more aggressively, Seoul creates a database to monitor South Korean chip engineers' international travel — Seoul says US export controls have made Chinese companies more aggressive in acquiring expertise| Sankalp Phartiyal / Bloomberg: |
India unveils a ~$2B, six-year incentive scheme to entice makers of laptops, tablets, and other hardware to the country, following its 2021 smartphone program — India is unveiling a 170 billion rupee ($2 billion) financial incentive plan to draw makers of laptops, tablets and other hardware …
More:
TechCrunch, 9to5Mac, Techlusive, Moneycontrol, Patently Apple, Reuters, and MacDailyNews
| Heather Kelly / Washington Post: |
Uber plans to let minors aged 13 to 17 ride solo for the first time in select US and Canadian cities starting on May 22, via the use of a special family account — Kids between 13 and 17 years old will soon be able to hail a ride in an Uber — Until now, teenagers weren't supposed to ride alone in an Uber.
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GeekWire, Insider, CNN, Livemint, TechCrunch, Engadget, The Verge, TechCrunch, Axios, BGR, The Center Square, Bloomberg, Fast Company, Canadian Press, CNBC, and Mashable
| Kyle Bradshaw / 9to5Google: |
An update for Google's Personal Safety app for Android suggests the company plans to include a dashcam recording feature for Pixel phones and select devices — Rather than needing to buy a (sometimes pricey) dedicated gadget, you should soon be able to use your Pixel (and select other Android devices) …
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The Verge, Android Police, Android Central, XDA Developers, PhoneArena, TechRadar, TechSpot, T3, Gizchina, Mashable, Droid Life, Android Authority, Neowin, Techlusive, and NextPit
| Jennifer Elias / CNBC: |
Internal document: Google trained PaLM 2 on 3.6T tokens and 340B parameters, compared to 780B tokens and 540B parameters for the original PaLM in 2022 — - Google's PaLM 2 large language model is using nearly five times the amount of text data for training as its predecessor LLM, CNBC has learned.| Jing Yang / Wall Street Journal: |
Sources: Shein raised $2B at a $66B valuation, down from $100B in April 2022, led by Sequoia, General Atlantic, and Mubadala; Shein made $23B in 2022 revenue — Online retailer made $800 million net profit in 2022 and is targeting 40% growth, but faces geopolitical headwinds and rising competitionSponsor Posts
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