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August 9, 2023, 11:00 AM
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Top News

CNBC:
Sony reports Q1 revenue up 33% YoY to $20.7B, PS5 sales up 38% YoY to 3.3M, operating income down 31% YoY to ~$782M, and expects to sell 25M PS5s by March 2024  —  Sony on Wednesday reported a 31% fall in profit in the first fiscal quarter as its life insurance unit dragged on its bottom line …
Cecilia D'Anastasio / Bloomberg:
Take-Two reports Q1 net revenue up 17% YoY to $1.28B, net bookings up 20% YoY to $1.2B, and forecasts $8B in bookings for the next fiscal year, hinting at GTA 6  —  Take-Two Interactive Software Inc., the company behind video games like Grand Theft Auto, rose in extended trading …
Lily Hay Newman / Wired:
Intel fixes a flaw found by a Google researcher that could let attackers steal passwords and other secrets, affecting Skylake, Tiger Lake, and Ice Lake chips  —  The vulnerability could allow attackers to take advantage of an information leak to steal sensitive details like private messages, passwords, and encryption keys.
Blake Brittain / Reuters:
Gizmodo EIC Dan Ackerman sues Apple, the Tetris Company, and others, claiming they adapted his book about Tetris into a feature film without his permission  —  Dan Ackerman, editor in chief of the tech-news website Gizmodo, filed a lawsuit in Manhattan federal court on Monday accusing Apple …
Aaron Pressman / The Boston Globe:
Boston-based cybersecurity company Rapid7 lays off 18% of its workforce, or around 470 people, and reports Q2 revenue rose 14% YoY to $190M and a $67M net loss  —  The Boston-based cybersecurity firm said the cuts will enable it to continue to grow while also freeing up cash
Elizabeth de Luna / Mashable:
X begins making ad revenue payouts to smaller creators, after releasing payments to thousands of select accounts; how payouts are calculated remains unclear  —  ‘$8 to make $370 is a fantastic ROI for something I do anyway,’ one creator tweeted. … X is finally paying smaller creators …
David Pierce / The Verge:
Slack announces its biggest-ever redesign, catering to power users, adding a new Home section, a new sidebar on the left, a new DMs section, and Activity window  —  Slack is many things.  Which is kind of the problem. … Eventually, that even affects the “talk to your team” part of Slack …
Jesse Hamilton / CoinDesk:
The US Federal Reserve launches a program for overseeing banks' crypto activity and clarifies its pre-approval process for engaging with stablecoins  —  Fresh crypto guidance from the U.S. central bank doesn't represent a departure from previous policy, but it provides more details on what the Fed expects from banks.
Josh Ye / Reuters:
China plans to require app developers to file business details with the government or face sanctions from March 2024, likely creating headaches for developers  —  China will require all mobile app providers in the country to file business details with the government, its information ministry said …
Ava Benny-Morrison / Bloomberg:
Sources: ex-FTX Digital Markets co-CEO Ryan Salame is in talks with prosecutors to plead guilty to criminal charges and may enter a plea as soon as September  —  - Ryan Salame was the co-chief executive of FTX Digital Markets  — Salame would be fourth former FTX executive to plead guilty
Geoffrey A. Fowler / Washington Post:
CCDH: ChatGPT, Bard, My AI, DreamStudio, Dall-E, and Midjourney generated “pro-anorexia” content 41% of the time when asked about common eating disorder topics  —  Disturbing fake images and dangerous chatbot advice: New research shows how ChatGPT, Bard, Stable Diffusion …
Ben Schoon / 9to5Google:
YouTube plans to stop showing users recommended videos in some places when watch history is turned off entirely, including the homepage
Joel Khalili / Wired:
Sex workers who relied on crypto for storing wealth and accepting payment, bypassing the banking system entirely, are finding the limits of crypto's utility  —  Banks and payments companies have long penalized sex workers.  Many thought crypto would be a solution, but now exchanges are dumping them too.
Sarah Perez / TechCrunch:
Netflix launches a game controller app on the App Store to let users play Netflix games on their TV; the app description says the feature is “coming soon”  —  After last fall signaling its intentions to expand into cloud gaming, Netflix today launched a new app that will soon allow subscribers to play games on their TV.
Kyle Bradshaw / 9to5Google:
Verizon is sunsetting BlueJeans, a business-focused video conferencing app acquired in 2020, starting on August 31, due to “the changing market landscape”  —  Did you know Verizon acquired a video conferencing app back in 2020?  It's fine if you haven't because Verizon has announced that its …
Rebecca Bellan / TechCrunch:
Lyft CEO David Risher says the company is trying to end surge pricing as “riders hate it”; higher driver supply cut the share of surge pricing rides by 35% QoQ  —  Lyft has been cutting fares in order to secure more riders, and it's working.  Bu that success has come with a (literal) cost.
Varsha Bansal / Rest of World:
A look at the Indian Institutes of Technology, established in the 1950s and 1960s to emulate MIT and now comprising 23 schools offering a path to tech success  —  Indian tech entrepreneur Kesavan Kandadai has many accomplishments under his belt: launching Amazon Prime Video in India and founding …
Manish Singh / TechCrunch:
India's upper parliament passes the Digital Personal Data Protection Bill, including up to $30M fines and child wellbeing rules; the president must now approve  —  The upper house of India's parliament greenlit the long-delayed data protection bill on Wednesday, facing no resistance as opposition leaders opted out of participation.

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This is a Techmeme archive page. It shows how the site appeared at 11:00 AM ET, August 9, 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

Jeff Jarvis / BuzzMachine:
The New York Times is broken, shown by its entitled, petulant reaction to Politico's report on its tense relationship with Biden

Andrew Marchand / The Athletic:
Sources: Amazon Prime Video has a framework deal for NBA broadcast rights for at least a decade, starting in 2025-26; ESPN/ABC is expected to keep the finals

More News

Will Oremus / Washington Post:
A look at Def Con's White House-backed Generative Red Team Challenge, where contestants try to make AI chatbots go rogue; the results will be sealed for months

Earlier Picks

Nivesh Rustgi / Decrypt:
El Salvador grants Binance two licenses, letting the company process crypto payments and offer custodial services, digital wallets, and a digital asset exchange
Abner Li / 9to5Google:
Google updates Messages with group end-to-end encryption and turns RCS on by default for new and existing users, but some have to agree to their carrier's ToS
Frederic Lardinois / TechCrunch:
Google debuts Project IDX, an AI- and browser-based developer environment using the open-source Visual Studio Code and integrating Google's PaLM 2-based Codey
Samuel Axon / Ars Technica:
Dutch engineer Bram Moolenaar, who in 1991 released and then maintained the very popular Vim open-source code editor, died on August 3 at 62
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