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August 3, 2023, 7:25 AM
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Top News

Elon Musk / @elonmusk:
Elon Musk says X will amend its creator payouts policy to take no cut until a payout exceeds $100K, and plans to talk to Tim Cook about lower App Store fees  —  Super Important to Support Creators! If you can afford it, please subscribe to as many creators on this platform as you find interesting. People from every corner of the world post incredible content on 𝕏, but often live in tough circumstances, where even a few hundred...
Amanda Marcotte / Salon:
Some experts say trolls who built businesses and media careers on Twitter have had to escalate shock value tactics as the audience of “normal people” shrinks  —  Elon Musk's business model depends on “triggering” liberals — but he's now running out of progressives to bait
Shubham Kalia / Reuters:
France's AFP sues X in Paris, saying the company refused to discuss potential content distribution payments under a 2019 law; Elon Musk calls the move “bizarre”  —  said on Wednesday it filed a lawsuit in Paris against Elon Musk's X social media platform, formerly known as Twitter …
Ivan Mehta / TechCrunch:
X now lets X Blue subscribers hide their checkmarks, but warns that “the checkmark may still appear in some places” and “some features may not be available”
Reuters:
Kenya's interior ministry suspended the local activities of Worldcoin while government agencies assess public safety risks; local media reports 350K+ signed up  —  - Worldcoin says it has measures safeguarding privacy  — Kenyan authorities say will investigate Worldcoin's authenticity
CyberScoop:
Amit Yoran, the CEO of cyber risk management company Tenable, says Microsoft partially fixed a critical Azure bug that would let hackers access sensitive data  —  Cybersecurity veteran Amit Yoran says Microsoft has a culture of toxic obfuscation when it comes to addressing security threats.
Kyle Wiggers / TechCrunch:
Kickstarter plans to require creators to disclose the use of AI tools in their projects or if the projects intend to develop AI tech, starting on August 29  —  As generative AI enters the mainstream, crowdfunding platform Kickstarter has struggled to formulate a policy that satisfies parties on all sides of the debate.
Arjun Kharpal / CNBC:
Nintendo reports Q1 revenue up 50% YoY to ~$2.9B and profit up 52% YoY to ~$1.3B, boosted by the Super Mario Bros. Movie and new Zelda; Switch sales hit 3.91M  —  - Nintendo reported revenue for the June quarter of 461.34 billion yen ($3.2 billion), rising 50% year-on-year.
Jacob Bogage / Washington Post:
The IRS says that, by 2025, taxpayers will be able to file every major tax form online, and all paper returns will be digitized  —  Major improvements to online tools could speed up refunds by four weeks for American who currently mail documents to the tax agency, officials said
David Pierce / The Verge:
Google updates its generative AI-based Search Generative Experience with more multimedia, faster responses, and additional context for links in its summary box  —  Google's AI-powered Search Generative Experience is getting a big new feature: images and video.
Benjamin Mayo / 9to5Mac:
Apple says Apple Card's savings account, which has had a 4.15% interest rate since its April 2023 launch with partner Goldman Sachs, has topped $10B in deposits  —  Apple today announced that its high-interest savings account for Apple Card has topped over $10 billion in deposits.
TechCrunch:
India restricts the import of laptops, tablets, PCs, and servers with immediate effect; analysts say the move seems designed to boost local tech manufacturing  —  India restricted import of laptops, tablets, other personal computers and servers with immediate effect on Thursday …
Reed Albergotti / Semafor:
Sources: US DOJ officials are weighing fraud charges against Binance but worry that an indictment could cause a run on the exchange like the one that befell FTX  —  U.S. Department of Justice officials are considering fraud charges against crypto exchange Binance, but are concerned about the cost …
Zeba Siddiqui / Reuters:
Microsoft researchers: Russia-linked hackers are behind “highly targeted” social engineering attacks affecting fewer than 40 global organizations since late May  —  A Russian government-linked hacking group took aim at dozens of global organizations with a campaign …
Wall Street Journal:
Internal document: Meta sold 300K Ray-Ban Stories smart glasses since the September 2021 launch through February 2023, but the device only had about 27K MAUs  —  Company plans second generation as less than 10% of devices purchased are used monthly  —  The Ray-Ban smart glasses launched …
More: Engadget.  Bluesky: @dell.bsky.social.  Twitter: @counternotions, @wsjtech, @wsj, and @sal19
Bloomberg:
Hong Kong grants its first crypto license under its new rules to HashKey Exchange, legalizing retail trading as officials seek to foster a global crypto hub  —  - Hong Kong is seeking to develop a digital-asset center  — City's pivot has received a guarded welcome from firms
New York Times:
How some people use “date-me docs”, online documents akin to newspaper personal ads, to look for more meaningful connections than those found in dating apps  —  Writers of the online text profiles, which can read like 1,000-word versions of the personal ads of yore …
Cristina Criddle / Financial Times:
As the UK announces its National Semiconductor Strategy advisory panel, tech minister Paul Scully says the country plans to focus on chip design over subsidies  —  Paul Scully says Britain will focus on semiconductor design over subsidising chipmaking, as government unveils advisory panel to develop sector

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This is a Techmeme archive page. It shows how the site appeared at 7:25 AM ET, August 3, 2023.

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From Mediagazer

New York Times:
Sources: Sony Pictures and Apollo Global formally express interest in acquiring Paramount for ~$26B; Paramount's negotiating period with Skydance ends May 3

Tom McArthur / BBC:
RSF publishes its World Press Freedom Index and places Norway, Denmark, and Sweden in the top three, the US down 10 spots at 55, and Eritrea in last place

Financial Times:
An interview with UK culture secretary Lucy Frazer on blocking RedBird IMI's Telegraph takeover bid, plans to cap foreign state ownership at 5%, and more

More News

Michael Geist:
As Meta starts blocking news links and sharing on Facebook and Instagram in Canada, a look at the harm that Bill C-18 will do to the country's media sector
Bloomberg:
Indian tax authorities move ahead with a 28% online gaming tax, effective from October 1, despite top investors and over 100 companies asking for changes
Jay Peters / The Verge:
Roblox CEO David Baszucki says Roblox's open beta on Meta's Quest headsets, launched on July 27, has already been downloaded “well over” 1M times
Reuters:
PayPal reports Q2 revenue up 7% YoY to $7.3B, total payment volume up 11% YoY to $376.5B, and a 21.4% operating margin, below its 22% forecast; PYPL drops 7%+

Earlier Picks

Kif Leswing / CNBC:
Qualcomm reports Q3 revenue down 23% YoY to $8.45B, vs. $8.5B est., handset chip revenue down 25% YoY to $5.26B, and net income down 52% YoY to $1.8B
Amy Lewin / Sifted:
Hopin, the struggling virtual events startup valued at $7.75B in August 2021, sells its Events and Session units to RingCentral; CEO Johnny Boufarhat steps down
Reuters:
Senegal blocks TikTok amid protests over dissolving the main opposition party and detaining its leader, after restricting access to internet services on July 31
Tom Warren / The Verge:
Microsoft lets Xbox Insiders stream gameplay from their console to Discord users, available to all Xbox Series X, Series S, and One owners in the coming months
Emilia David / The Verge:
Meta releases AudioCraft, an open-source AI tool that lets users create music and sounds via text prompts, consisting of MusicGen, AudioGen, and EnCodec models
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