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July 12, 2023, 2:40 PM
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Colin Lecher / The Markup:
A congressional report led by Senator Elizabeth Warren finds popular tax filing tools “recklessly” sent data including income to Meta and Google for years  —  The investigation was opened in response to work published last year by The Markup  —  Meta and major tax preparation …
Reuters:
The UK CMA says it will not accept new remedies from Microsoft over Activision but would consider a restructured deal, which may require a fresh investigation  —  Britain's competition regulator said on Wednesday that a new restructured Microsoft-Activision deal could require a fresh merger investigation.
Cecilia Kang / New York Times:
Critics say FTC Chair Lina Khan's take-it-to-the-courts strategy is flawed, ahead of a House Judiciary Committee hearing to “examine mismanagement of the FTC”  —  Lina Khan has said a fear of defeat should not deter the agency from suing big tech companies.
Mike Scarcella / Reuters:
Experts: the FTC faces hurdles to appeal the Activision ruling as the facts work in Microsoft's favor; some question the judge's standard on harming competition
New York Times:
Microsoft says Chinese hackers gained access to US government email accounts and had access to some accounts for a month before the breach was detected  —  The hack, by a Chinese group that the company said was intent on conducting espionage, went undetected for a month.  —  Reporting from Washington
Tom Giles / Bloomberg:
Elon Musk forms xAI, a startup he will lead to “understand the true nature of the universe”; the staff has worked at Google, Microsoft, Tesla, OpenAI, and more  —  Elon Musk, who has hinted for months that he wants to build an alternative to the popular ChatGPT artificial intelligence chatbot …
Ben Thompson / Stratechery:
Twitter's best defense against Threads may be to refocus on news and reactions from people you follow, leaving growth via algorithmic feeds to Threads  —  If you're only going to tweet once every 11 years, then you better make it count; the best way to do just that is to pull off a well-executed meme:
Richard MacManus / The New Stack:
A look at Meta's plan to adopt ActivityPub for Threads, what makes ActivityPub attractive, and the technical challenges and social pressure Meta will face  —  From a developer point of view, the fact that Meta's Threads app has quickly gone over 100 million sign-ups isn't the most interesting part of this latest Twitter clone.
Mike Isaac / New York Times:
Threads can avoid Google+'s failure by not simply relying on the scale of Meta's existing products, but by giving users a compelling reason to keep coming back
Andrew Deck / Rest of World:
A look at the global freelancer labor force on sites like 99designs, some of whom are early generative AI adopters and are most at risk of being replaced by AI  —  The global labor force of outsourced and contract workers are early adopters of generative AI — and the most at risk.  —  R
Jay Peters / The Verge:
Meta says Roblox will be coming to Meta's Quest VR headsets starting with an open beta on App Lab “in the coming weeks”  —  / It's launching in open beta in the ‘coming weeks.’  —  Roblox will be coming to Meta's Quest VR headsets starting with an open beta that will be available in the …
Chainalysis:
A mid-2023 crypto crime update: inflows to illicit entities drop 65% YoY, scammers net ~$3.3B less than H1 2022, and ransomware took $175.8M more than H1 2022  —  2023 so far has been a year of recovery for cryptocurrency after a chaotic 2022, with prices of digital assets like Bitcoin up over 80% on the year as of June 30.
Jack Schickler / CoinDesk:
The European Securities and Markets Authority issues detailed proposals on crypto companies under the EU's MiCA law; more are due in October 2023 and early 2024  —  Consultations cover authorization and conflict-of-interest rules for crypto companies under the landmark digital assets regulation
Catherine Thorbecke / CNN:
A California law firm hits Google with a proposed class-action lawsuit, alleging data scraping for AI training without user consent, after a similar OpenAI case  —  Google was hit with a wide-ranging lawsuit on Tuesday alleging the tech giant scraped data from millions of users without …
David Kirton / Reuters:
Research: Huawei is plotting a return to the 5G smartphone market by the end of 2023 using its own 14nm+ chip design tools and SMIC's 7nm chipmaking process  —  - US-sanctioned giant likely to produce 5G chips domestically  — Chips expected to use Huawei EDA tools and SMIC production
Jennifer Elias / CNBC:
Emails: Urs Holzle, Google employee no. 8, plans to step back from management after 24 years, becoming an “individual contributor”, amid a Google Cloud shakeup  —  - Employee No. 8 Urs Holzle will step back from management after 24 years, CNBC has learned.
Frederic Lardinois / TechCrunch:
Linux distribution company SUSE plans to create a hard fork of Red Hat Enterprise Linux, investing $10M over the coming years in an RHEL-compatible distribution  —  A storm is brewing in open-source land that could change the Linux distro landscape  —  Today, SUSE announced that it is creating …
Noam Cohen / Bloomberg:
A look at Wikipedia in Russia, where the service remains popular after the Ukraine invasion, and the Kremlin-compliant rival Ruwiki from a long-serving editor  —  When a group of armed mercenaries seized a Russian regional capital and began marching toward Moscow in late June, verified information was hard to come by.
Heather Haddon / Wall Street Journal:
Domino's Pizza partners with Uber Eats in the US, the UK, Canada, and 25 other markets, reversing its long-held stance against working with food delivery apps  —  Pizza chain hopes to generate $1 billion in sales after losing business to apps  —  Domino's Pizza, hungry to claw back pizza sales …
Foo Yun Chee / Reuters:
The EU approves Broadcom's $61B VMware acquisition, provided Broadcom adheres to its access and interoperability commitments; UK and US approvals are pending  —  U.S. chipmaker Broadcom (AVGO.O) secured EU antitrust approval on Wednesday for its $61 billion proposed acquisition of cloud computing firm VMware …
Brody Ford / Bloomberg:
Salesforce plans its first price hike in seven years, up 9% on average for Sales Cloud, Service Cloud, Marketing Cloud, Industries, and Tableau, in August 2023  —  Salesforce Inc. is raising prices for the first time in seven years after introducing artificial intelligence features.

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This is a Techmeme archive page. It shows how the site appeared at 2:40 PM ET, July 12, 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

Alex Sherman / CNBC:
Sources: Paramount Global's board is preparing to fire CEO Bob Bakish as soon as Monday, after he lost the trust of controlling shareholder Shari Redstone

Jessica Toonkel / Wall Street Journal:
Sources: Paramount is planning for what happens if no big deal happens, mulling cutting $2B in costs, selling BET and TV stations, starting a streaming JV, more

Elise Morton / Associated Press:
Russia arrests two journalists, Konstantin Gabov and Sergey Karelin, on “extremism” charges for allegedly working for a group founded by the late Alexei Navalny

More News

Earlier Picks

Sheila Chiang / CNBC:
Temasek does not plan to invest in crypto firms due to “a lot of regulatory uncertainty”; the fund wrote down its $275M FTX investment to zero in November 2022
Kevin Roose / New York Times:
Interviews with executives and staff at Anthropic describe how an obsession with AI safety and ties to effective altruism influence the AI startup's decisions
Mark Maurer / Wall Street Journal:
Accounting firm KPMG plans to invest $2B in AI and cloud services across its business lines globally over five years via an expanded Microsoft partnership
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