Techmeme
June 1, 2023, 3:50 AM

Top News

Natasha Singer / New York Times:
Amazon agrees to pay $25M to settle FTC and DOJ charges over the company keeping Alexa voice recordings and geolocation data collected from children for years  —  Regulators said the tech giant kept children's Alexa voice recordings “forever,” violating a children's privacy law.
Bloomberg:
Amazon's Ring agrees to pay $5.8M to settle FTC allegations that until 2017, Ring gave employees and third-party contractors full access to every customer video  —  Amazon.com Inc. agreed to pay $30.8 million to resolve two cases brought by the Federal Trade Commission Wednesday related to privacy lapses by its smart devices.
Michael McSweeney / The Block:
Crypto bridging protocol Multichain says it suspended service for multiple chains after being unable to contact its CEO to get server access amid tech problems  —  - Multichain, the cross-chain protocol, confirmed Wednesday that the team is unable to contact its chief executive amid ongoing technology problems.
Mark Gurman / Bloomberg:
Sources: Apple is testing two new high-end Macs, one with M2 Max, and the other with the unannounced M2 Ultra chip with 60 graphics cores and up to 192GB of RAM  —  Apple Inc. is testing a pair of new high-end Macs and their accompanying processors ahead of its Worldwide Developers Conference next week …
Juli Clover / MacRumors:
Reddit client Apollo's developer says Reddit plans to charge $12K for 50M API requests and that he would need to pay $20M per year to keep operating the app  —  Popular Reddit app Apollo might not be able to operate as is in the future due to planned API pricing that Reddit is implementing.
Hayden Field / CNBC:
OpenAI researchers say training AI with process supervision, which rewards the thought process rather than the outcome, could help prevent hallucinations  —  - AI hallucinations occur when models like OpenAI's ChatGPT or Google's Bard fabricate information entirely.
Reuters:
Sources: a planned $3B chip plant in India by ISMC, a consortium that included chipmaker Tower, has been stalled due to the company's pending takeover by Intel  —  A planned $3 billion semiconductor facility in India by chip consortium ISMC that counted Israeli chipmaker Tower as a tech partner …
Sarah Perez / TechCrunch:
Apple touts an Analysis Group study saying its App Store ecosystem generated $1.1T in 2022, up 29% YoY; $910B came from the sale of physical goods and services  —  Ahead of Apple's Worldwide Developer Conference next week, the company is offering an update on its app ecosystem with the release …
Andy Greenberg / Wired:
Eclypsium: a firmware flaw in 271 Gigabyte motherboards could let hackers install malware when the PC restarts; Gigabyte plans a fix, but problems could persist  —  Hidden code in hundreds of models of Gigabyte motherboards invisibly and insecurely downloads programs—a feature ripe for abuse, researchers say.
Ernesto Van der Sar / TorrentFreak:
Torrent site RARBG, founded in 2008, shuts down and stops all its content releases, citing COVID-related health problems, Russia's war in Ukraine, and inflation  —  Founded in 2008, RARBG evolved to become a key player in the torrent ecosystem.  —  The site didn't only attract millions …
Cynthia Littleton / Variety:
Activision CEO Bobby Kotick says he was humbled and outraged by toxic workplace culture claims and blames “outside forces” for most of Activision's image issues  —  Bobby Kotick has a secret: He was ready to buy Time Warner a few years ago.The CEO of Activision Blizzard drops …
Jordan Novet / CNBC:
Bloomberg:
Evident: at some banks, about 40% of all open job roles are AI-related; JPMorgan advertised 3,651 AI-related roles from February 2023 through April 2023  —  Deutsche Bank AG is using artificial intelligence to scan wealthy client portfolios.  ING Group NV is screening for potential defaulters.
Caroline O'Donovan / Washington Post:
Hundreds of white-collar Amazon workers in Seattle walked off the job, frustrated by job losses, a return-to-office mandate, carbon emissions, and leadership  —  Frustrated by job losses, office policies and rising carbon emissions, white-collar Amazon workers are demanding more from leadership
Ingrid Lunden / TechCrunch:
Berlin-based travel experiences marketplace GetYourGuide raised $194M, with an $85M Series F and a $109M revolving credit facility, at a $2B valuation  —  The tourist industry is bouncing back after a rough couple of pandemic-stressed years, and in the case of some tourism and travel startups …
More: Tech.eu and PhocusWireThanks:@ingridlunden

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