| Timmy Shen / The Block: |
Coinbase says the exchange received regulatory approval from the CFTC-backed National Futures Association to offer futures trading services to eligible US users — - Coinbase is now allowed to operate as a futures commission merchant and offer eligible U.S. customers access to crypto futures from its platforms, the company said.| Sankalp Phartiyal / Bloomberg: |
Sources: Foxconn's Tamil Nadu plant in India plans to deliver new iPhone 15s only weeks after Chinese factories; previously, output lagged China by 6-9 months — - Apple is diversifying iPhone supply chain away from China — India's push to become a manufacturing hub is bearing fruit| Bloomberg: |
Intel ends its $5.4B deal to buy Israeli company Tower Semiconductor after failing to win Chinese regulatory approval; Intel announced the deal in February 2022 — - Deal for Tower Semiconductor needed Chinese antitrust approval — Intel Corp. walked away from its attempt … | Washington Post: |
X added five-second delays, some now removed, on t.co links to Instagram, Facebook, Threads, Bluesky, Substack, the NYT, Reuters, and other sites Musk attacks — The site formerly known as Twitter has added a five-second delay when a user clicks on a shortened link to the New York Times … | Jay Peters / The Verge: |
Users of X Pro, previously TweetDeck, report encountering X Blue paywalls to use the service; X said on July 3 that “in 30 days” X Pro would be subscriber-only — X, the social network formally known as Twitter, appears to be finally following through on its promise to make TweetDeck a paid service.| Nico Grant / New York Times: |
Documents: Google DeepMind has been working with generative AI to perform at least 21 different types of personal and professional tasks, including life advice — The tech giant is evaluating tools that would use artificial intelligence to perform tasks that some of its researchers have said should be avoided.| Kif Leswing / CNBC: |
Apple backtracks and moves the “end call” button back to the middle of the screen, from the bottom-right corner, in the latest iOS 17 beta — - Apple has moved the end call button back to the middle of the screen in the the newest developer version of iOS 17 released on Tuesday.| Hannah Miller / Bloomberg: |
Crypto key startup BitGo raised $100M at a $1.75B valuation from undisclosed US and Asian investors; Galaxy Digital scrapped a $1.2B BitGo acquisition in 2022 — The crypto company raised $100 million from new investors, emphasizing its focus on following rules and regulations.| Alexandra Alter / New York Times: |
The Authors Guild, American Booksellers Association, and Open Markets Institute urge the DOJ and the FTC to investigate Amazon's “monopoly” in the book market — The online retailer's size and sway affects the free exchange of ideas, the groups argue.| Andrew J. Hawkins / The Verge: |
As San Francisco opens to 24/7 robotaxis, a look at Cruise and Waymo cars causing traffic jams and obstructing emergency vehicles, unraveling the public's trust — The day after California regulators handed driverless car companies a major victory, allowing them to expand … | Arjun Kharpal / CNBC: |
Tencent reports Q2 revenue up 11% YoY to ~$20.5B, below ~$20.8B est., and operating profit up 37% YoY to ~$6.9B, as cost-cutting helps boost its core units — - Tencent on Wednesday reported a surge in profit for the second quarter, but missed expectations.| Yuvraj Malik / Reuters: |
JD.com reports Q2 revenue up 7.6% YoY to ~$39.7B, beating ~$38.27B est., as retail sales rose just 2.5% YoY, below analyst estimates of 4.5% YoY; JD drops 4.5%+ — Chinese e-commerce firm JD.com (9618.HK), beat Wall Street estimates for second-quarter revenue on Wednesday … | Chris Vallance / BBC: |
Sama CEO Wendy Gonzalez says the company will no longer take on harmful content moderation work from Meta and she regrets the work, after staff sue the company — A firm which was contracted to moderate Facebook posts in East Africa has said with hindsight it should not have taken on the job.| Caitlin Harrington / Wired: |
An OSHA investigation and 11 interviews: Amazon's in-house first aid clinics put warehouse staff at risk by keeping them working and not referring them to care — A WIRED investigation and federal citations show how first aid clinics in Amazon warehouses sometimes direct injured employees … | Leah Nylen / Bloomberg: |
Two directors quit Nextdoor after the DOJ raised concerns over also serving on Pinterest's board; filing says Leslie Kilgore and Andrea Wishom left on August 1 — - DOJ is cracking down on directors serving on rival companies| Olivia Poh / Bloomberg: |
Southeast Asian giant Sea's stock fell 29%, its largest single-day drop, wiping out nearly $10B to hit a $23B market cap, down ~$180B from a November 2021 peak — - Singapore e-commerce stock drops to lowest ever as sales slow — Competition intensifies as Alibaba, TikTok gain shopping users| Bloomberg: |
Sources: UK PM Rishi Sunak is planning an AI summit later in 2023 to host G7 leaders and CEOs from OpenAI, Microsoft, and DeepMind, possibly at Bletchley Park — - Premier mulls WWII code-breaking site to gather CEOs, leaders — Wants global approach to establish ‘guardrails’ around AI| Politico: |
By the end of August, the EU plans to use the DSA to force online platforms with 45M+ EU users to prove they are ensuring their products aren't harming children — Glazed eyes. One syllable responses. The steady tinkle of beeps and buzzes coming out of a smartphone's speakers.| Jay Peters / The Verge: |
Epic Games expands its Epic Online Services crossplay tools from PC to PlayStation, Xbox, and Switch, helping developers more easily add crossplay multiplayer — The change could mean that developers will be able to more easily bring crossplay multiplayer to their games.| Elizabeth Howcroft / Reuters: |
PayPal plans to “temporarily pause” letting UK users buy crypto from October 1, to work on complying with new regulations, and restart support in “early 2024” — Payments giant PayPal (PYPL.O) will stop allowing UK customers to buy cryptocurrencies through its platform … | Yuka Hayashi / Wall Street Journal: |
The US Commerce Department forms a team of financiers from Goldman Sachs, Blackstone, KKR, and other Wall Street firms to help allocate $39B in chip subsidies — Talent from Goldman Sachs, KKR and Blackstone will help determine how $39 billion in semiconductor chip subsidies are allocated
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This is a Techmeme archive page. It shows how the site appeared at 12:15 PM ET, August 16, 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.
| Jesse Hamilton / CoinDesk: |
| Chelsey Cox / CNBC: |
| WABetaInfo: |
| Helene Braun / CoinDesk: |
| Ash Parrish / The Verge: |
| Reed Albergotti / Semafor: |
| Sarah Perez / TechCrunch: |
| Abner Li / 9to5Google: |
| Rick Porter / The Hollywood Reporter: |