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August 16, 2023, 3:05 PM
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Top News

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 plant in Tamil Nadu, India plans to deliver iPhone 15 units weeks after Chinese factories; output previously lagged by six to nine months  —  - Apple is diversifying iPhone supply chain away from China  — India's push to become a manufacturing hub is bearing fruit
Financial Times:
Docs: India accounts for $10B of Foxconn's annual revenue, or 4.6% in 2022, showing the limits of “China plus one”; China makes up 75% of Foxconn's operations
Nico Grant / New York Times:
Docs: Google DeepMind has been developing generative AI to perform 21+ different types of personal and professional tasks, including to give users 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.
Bloomberg:
Intel ends its $5.4B bid to acquire Israeli company Tower Semiconductor, announced in February 2022, after failing to win Chinese regulatory approval in time  —  - Deal for Tower Semiconductor needed Chinese antitrust approval  —  Intel Corp. walked away from its attempt …
Hannah Miller / Bloomberg:
Crypto custody startup BitGo raised $100M at a $1.75B valuation from unnamed 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.
Kif Leswing / CNBC:
Apple backtracks and moves the iPhone's “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.
Caitlin Harrington / Wired:
OSHA investigations and 11 interviews: Amazon's first aid clinics put warehouse staff at risk by keeping them working instead of referring them to medical care  —  A WIRED investigation and federal citations show how first aid clinics in Amazon warehouses sometimes direct injured employees …
Alexandra Alter / New York Times:
The Authors Guild, the American Booksellers Association, and the Open Markets Institute urge the DOJ and the FTC to investigate Amazon's book market “monopoly”  —  The online retailer's size and sway affects the free exchange of ideas, the groups argue.
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 …

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 3:05 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.

From Mediagazer

Ted Johnson / Deadline:
A new filing from Nexstar in the DirecTV lawsuit says the existing restraining order freezing the Nexstar-Tegna merger could jeopardize assets of both companies

Minho Kim / New York Times:
A US appeals court pauses a lower-court order that would have reinstated around 1,000 Voice of America journalists and staff who had been put on paid leave

Jem Aswad / Variety:
WMG acquires independent music distributor Revelator, following Universal's Downtown acquisition, as the record industry focuses on serving independent artists

More News

Arjun Kharpal / CNBC:
Tencent reports Q2 revenue up 11% YoY to ~$20.6B, below ~$20.8B est., and operating profit up 37% YoY to ~$6.9B, driven by benefits from cost cutting in 2022
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

Earlier Picks

Jay Peters / The Verge:
Some users of X Pro, formerly TweetDeck, see an X Blue paywall when trying to use the tool; on July 3, X said that X Pro would be subscriber-only “in 30 days”
Jesse Hamilton / CoinDesk:
GOP House Financial Services Committee lawmakers demand that SEC Chair Gary Gensler explain how Prometheum won its unique approval as a broker-dealer for crypto
Chelsey Cox / CNBC:
At a White House roundtable, the US Consumer Financial Protection Bureau touts Fair Credit Reporting Act rules to crack down on harmful data broker practices
Ash Parrish / The Verge:
Xbox debuts a strike-based enforcement program, to improve “player transparency” and clear up confusion; eight strikes over six months results in a one-year ban
Reed Albergotti / Semafor:
OpenAI says the company has been using GPT-4 to enforce its content policies and says some of its customers are already using the LLM for content moderation
Sarah Perez / TechCrunch:
Google adds an experimental browsing feature that summarizes page content to Search Generative Experience, first in the Google mobile app for Search Labs users
Abner Li / 9to5Google:
YouTube updates YouTube Music on iOS and Android with Samples, a music discovery feed featuring vertically cropped, 30-second clips uploaded directly by artists
Jess Weatherbed / The Verge:
Comcast launches the Xfinity Storm-Ready WiFi, a cellular backup internet device to weather storms and power outages, for $252, or $7 per month for 36 months
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