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August 1, 2023, 6:10 PM
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Top News

Bryan Pietsch / Washington Post:
X sues the Center for Countering Digital Hate, alleging CCDH researchers violated Twitter's terms of service and the CFAA while studying hate speech on the site  —  X, the company formerly known as Twitter, sued a research group that had investigated hate speech on the social media platform …
Carly Page / TechCrunch:
Halcyon: Cloudzy, a Wyoming-registered web hosting company likely operating out of Tehran, is acting as a command-and-control provider for state-backed hackers  —  A little-known cloud company provided web hosting and internet services to more than two dozen different state-sponsored hacking groups …
Financial Times:
Source: Meta plans to release AI chatbots with personalities, which staff call “personas”, like Abraham Lincoln, as soon as September 2023, to boost engagement  —  Facebook owner seeks to seize on hype for AI while challenging rivals such as OpenAI, Snap and TikTok
Chavi Mehta / Reuters:
Meta begins the process to end news access on Facebook and Instagram in Canada, in response to a law forcing some companies to negotiate deals to pay publishers  —  Meta Platforms (META.O) said on Tuesday it has begun the process to end access to news on Facebook and Instagram for all users in Canada.
Annie Palmer / CNBC:
Amazon expands its Amazon Clinic virtual health service to 50 US states and DC, available via video or texting; regulations limit the SMS feature to 34 states  —  - Amazon is expanding its virtual clinic service nationwide.  — The company launched Amazon Clinic last November …
Dean Takahashi / VentureBeat:
Adobe, Apple, Autodesk, Nvidia, Pixar, and the Linux Foundation form the Alliance for OpenUSD, to standardize Pixar's Universal Scene Description graphics tech  —  Five major companies in the 3D content industry — Adobe, Apple, Autodesk, Nvidia and Pixar — have come together to form the Alliance for OpenUSD (AOUSD).
Preetika Rana / Wall Street Journal:
Uber reports Q2 revenue up 14% YoY to $9.23B, gross bookings up 16% YoY to $33.6B, and a $394M net income, up from a $2.6B loss in Q2 2022, its first profit  —  Ride-hailing and delivery businesses grew in the second quarter, though freight shrank  —  Uber Technologies posted …
Bloomberg:
After Curve disclosed a hack, CRV dropped by ~25% in three days, prompting fears of wider market turbulence; DefiLlama: crypto using Curve fell ~50% to $1.9B  —  - Curve's native CRV coin posted three-day, 25% slump after hack  — Drop raised concerns about wider fallout from platform's woes
Sarah Perez / TechCrunch:
To challenge TikTok, YouTube releases new Shorts creation tools for remixing, adding effects, going live, as well as a new interactive Q&A sticker and more  —  As competition with TikTok and Instagram Reels heats up, YouTube today announced an expanded suite of creation tools for its own short-form video platform, YouTube Shorts.
Sam Schechner / Wall Street Journal:
Under EU pressure, Meta offers to seek user consent in Europe for targeted ads based on users' activity to comply with GDPR, sources say as soon as October 2023  —  Under pressure from regulators, the Facebook and Instagram owner proposes asking users to opt in before targeting ads with their digital activity
Kif Leswing / CNBC:
AMD reports Q2 revenue down 18% YoY to $5.36B, net income down 94% to $27M, Client revenue down 54% to $998M, and Data Center revenue down 11% to $1.3B  —  - AMD said revenue for the second quarter fell 18% from a year earlier.  — The company's sales forecast for the third quarter trailed analysts' estimates.
Jeremy Hill / Bloomberg:
Court filings: FTX Group details a draft plan to repay creditors, including settling claims in USD and wiping out FTT; seven classes of creditors can now vote  —  - Customer claims to be valued in US dollars as of bankruptcy  — Company hasn't ruled out rebooting offshore exchange
New York Times:
The FBI says a contractor misled the agency and used NSO's Landmark to track people in Mexico without consent; the FBI terminated the contract in April 2023  —  After a Times report, the bureau canceled its contract with a government contractor that used the tool on its behalf.  But questions remain.
Bloomberg:
Sources: senior EU and US officials are concerned about China's accelerated push into the production of older-generation chips made with 28nm equipment or above  —  - China is building more plants than others despite US sanctions  — Officials are worried about impact on domestic chip plans
More: Tom's Hardware and The Hill
Twitter: @zschneeweiss, @byron_wan, @parismarx, and @pelstrom.  Forums: Slashdot
Christian Davies / Financial Times:
A look at South Korea's position in the tech “cold war”, as the country pivots away from China's economy and prepares to comply with the US-led China chip ban

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This is a Techmeme archive page. It shows how the site appeared at 6:10 PM ET, August 1, 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

Matthew Belloni / Puck:
Although sources suggest Paramount wouldn't sell CNN to appease state regulators overseeing the WBD deal, it may save the company from a protracted legal battle

Washington Post:
The US Supreme Court paused a lower court order that would have forced ex-Fox News reporter Catherine Herridge to reveal a source or pay $800 a day in sanctions

Nate Raymond / Reuters:
The US federal judiciary plans to temporarily increase PACER fees from $0.10 to $0.12 per page for five years starting January 1, 2027, to fund a system upgrade

More News

Eari Nakano / Bloomberg:
Pinterest reports Q2 revenue up 6% YoY to $708M, vs. $699M est., MAUs up 8% YoY to 465M, and says Q3 revenue will grow in the high single digits year over year

Earlier Picks

Bloomberg:
Binance announces an exchange in Japan that complies with local rules and offers 34 tokens, open for applications in mid-August before a December 1 launch
Ingrid Lunden / TechCrunch:
Rapyd, which offers payment APIs, plans to acquire Prosus' payments unit PayU for $610M, excluding its operations in India, Turkey, and Southeast Asia
Joe McDonald / Associated Press:
China restricts civilian drone exports, citing Russia's war in Ukraine and concern about military use; DJI pulled out of Russia and Ukraine in April 2022
Emma Roth / The Verge:
The BBC launches social.bbc, an “experimental” Mastodon server with posts from a handful of BBC accounts, and plans to try out the server for six months
Andy Robinson / Video Games Chronicle:
Sources: Nintendo plans to release a new console in H2 2024, with a portable mode, LCD display, and a cartridge slot; key partners already have development kits
Decrypt:
The SEC charges Hex crypto project founder Richard Heart with raising over $1B via unregistered securities offerings, including Hex, PulseChain, and PulseX
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