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October 5, 2023, 5:40 PM
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| Austin Weinstein / Bloomberg: |
Filing: the US SEC sues Elon Musk to force him to testify in its probe into his Twitter takeover in 2022, after Musk failed to appear for testimony in September — - Agency says that billionaire failed to appear last month — Musk attorney says that his client testified multiple times
More: Wall Street Journal, US Securities …, The Verge, Engadget, TechCrunch, Insider, New York Times, The Information, The Messenger, NBC News, Reuters, Barron's Online, Wall Street Journal, CryptoSlate, Bitcoinist.com, Politico, and Watcher Guru
X: @elonmusk, @kasdad, @moorehn, @ibd_ecarson, and @richardhanania
| Sheila Dang / Reuters: |
Analytics firm Guideline: X's monthly US ad revenue has declined 55%+ YoY in each of the 10 months after Elon Musk's October 2022 takeover through August 2023 — Monthly U.S. ad revenue at social media platform X has declined at least 55% year-over-year each month since billionaire Elon Musk bought …
Mastodon: @LALegault@newsie.social, @dangillmor@mastodon.social, and @tchambers@indieweb.social. X: @tomgara
Forums: r/elonmusk, r/neutralnews, r/RealTesla, and r/EnoughMuskSpam
| Shawn Tully / Fortune: |
How interest rates and X's weak performance, which prevented banks from unloading their debt, gave Elon Musk the upper hand before X CEO's meeting with banks — Elon Musk may hold the upper hand when negotiating with the banks that financed his Twitter bid. — LEAH MILLIS—REUTERS
More: Reuters. Threads: @datadrivenmd. Bluesky: @drewharwell.com. X: @fortunemagazine, @breakingviews, @dougjballoon, @williamlegate, @fortunemagazine, @mathieuvonrohr, @ericlevitz, and @karaswisher
| Tom Warren / The Verge: |
The CMA opens an investigation into the supply of public cloud infrastructure services in the UK with the deadline of April 4, 2025, following Ofcom's referral — The clouds are gathering over Microsoft's Azure operations in the EU and now the UK, with the launch of a new investigation …
More: GOV.UK, Ofcom, Network World, SiliconANGLE, The Guardian, BigTechWire, Thurrott, The Register, CNN, WinBuzzer, BetaNews, Android Headlines, TNW, Gizmodo, The Messenger, Neowin, Tech Monitor, OnMSFT.com, The Information, DatacenterDynamics, Eurogamer.net, Broadband TV News, Silicon Republic, Sky News, UKTN, and Bloomberg
X: @mark_wharrier, @wavesblog, @tomwarren, @maxvonthun, @cmagovuk, and @mikarv
LinkedIn: Simon Bollans and Gary Shewan
| Ryan Browne / CNBC: |
Ofcom finds that “hyperscalers” like AWS and Microsoft Azure are limiting competition in the UK's cloud market by making it difficult for businesses to switch — - Ofcom is concerned that so-called “hyperscalers” like Amazon Web Services and Microsoft Azure are limiting competition in the cloud computing market.
More: Ofcom, BBC, Reuters, LinkedIn, CIO Dive, ComputerWeekly.com, diginomica, Engadget, Metaverse Post, ITPro, Nelson Advisors Blog, TechRadar, inews.co.uk, and Financial Times
X: @ofcom, @arjunkharpal, @ryan_browne_, @tboormantony, and @ofcom
| Bryant Francis / Game Developer: |
Epic Games plans an Unreal Engine per-seat licensing fee for non-gaming sectors like film and TV; Tim Sweeney says “financial problems” hit Epic ~10 weeks ago — A week after laying off almost 900 employees, Epic Games announced that it's increasing the price to use Unreal Engine …
More: The Verge, Engadget, GameFromScratch.com, Game World Observer, and Tech Xplore
| Tom Warren / The Verge: |
Microsoft rolls out a new version of Microsoft Teams, in preview since March 2023, rebuilt from the ground up to be less resource-hungry on Windows and macOS — Microsoft is rolling out a new and improved version of its Microsoft Teams chat client today.| Leah Nylen / Bloomberg: |
US v. Google: in 2018 and 2019, Apple and DuckDuckGo talked changing Safari private mode's default search engine; an Apple exec said it's “probably a bad idea” — - DuckDuckGo spoke with Apple about 20 times on possible change — Apple exec testified he viewed it as ‘probably a bad idea’
More: Washington Post, Reuters, New York Post, Silicon Valley Business …, 9to5Mac, The Verge, CNN, Digital Trends, CNBC, HotHardware, BW Businessworld, Benzinga, MacDailyNews, Business Outreach, The Hindu, Android Headlines, Outlook Business, iMore, Firstpost, Ghacks, BGR, The Messenger, Techgenyz, Search Engine Journal, YourStory.com, MacRumors, OnMSFT.com, Livemint, PhoneArena, Times of India, Business Today, AppleInsider, South China Morning Post, and Reuters
X: @adamkovac, @newsynick, @bigtechontrial, @hillitech, @jason_kint, and @leah_nylen
| Emanuel Maiberg / 404 Media: |
Some 4chan users are running a coordinated campaign to flood the internet with racist images created using Bing's text-to-image generator powered by DALL-E 3 — A coordinated campaign to flood the internet with racist images is using Bing and DALL-E 3's text-to-image AI tool.
More: 404 Media and Wall Street Journal
X: @lib_development, @gabrielleydon, @dystopiabreaker, @prestonjbyrne, @jordanjhamel, @nic__carter, @micsolana, @emanuelmaiberg, @byrnehobart, @adamsinger, @parkermolloy, @byrnehobart, @emanuelmaiberg, @micsolana, @emanuelmaiberg, @elonmusk, @alexwgoldenberg, @josephfcox, @josephfcox, and @jason_koebler. Forums: Slashdot
| Ben Schoon / 9to5Google: |
Samsung unveils the Galaxy SmartTag 2, with a revamped design, Bluetooth, UWB, and still compatible only with Samsung devices, available on October 10 for $30 — As the smart tracker market waits for Google to shake things up on the Android side of things, Samsung has today unveiled the Galaxy SmartTag 2 … | Wall Street Journal: |
Sources: some US FTX staff found and internally reported Alameda's backdoor used to allegedly withdraw billions in client funds, months before FTX's collapse — The crypto exchange allowed Alameda to have a negative balance of up to $65 billion, prosecutors say
More: Insider, Reuters, New York Times, Bloomberg, NPR, Bitcoinist.com, Cryptopolitan, Crypto Briefing, New York Post, WHDH 7News, CryptoPotato, CoinDesk, Gizmodo, DL News, The Block, The Daily Beast, CoinGape, Cryptonews, crypto.news, PYMNTS.com, and CryptoSlate
X: @aosipovich, @jgreco, and @silvermanjacob
| George Dvorsky / Gizmodo: |
Amazon's Project Kuiper plans to launch its first demo internet satellites, KuiperSat-1 and KuiperSat-2, on October 6 for its 3,236-satellite megaconstellation — Jeff Bezos's space venture, Project Kuiper, is set for a Friday launch, aiming to challenge Elon Musk's Starlink in the satellite internet arena.
More: About Amazon, New Scientist, Silicon Republic, Coinspeaker, United Launch Alliance on YouTube, BigTechWire, Bloomberg, Engadget, and The Verge
LinkedIn: Amy Miller and Project Kuiper
| Sam Reynolds / CoinDesk: |
The Hong Kong Stock Exchange announces Synapse to help execute post-trade processes and reduce settlement risk using smart contracts, launching on October 9 — HKEX says the system, used by traders in Hong Kong to buy stocks in China, will speed up settlement and provide greater transparency.
More: Mondo Visione, Crypto Daily, crypto.news, Cryptonews, Blockworks, CryptoGlobe, and Cointelegraph
| Sebastiaan de With / Lux: |
In-depth iPhone 15 Pro Max camera review: native 24MP capture and 5x lens represent one of the biggest camera upgrades in iPhone's history for everyday users — Sebastiaan de With reviews the latest telephoto-equipped camera out of Cupertino in our annual iPhone 15 Pro Max camera review.
More: Six Colors, PetaPixel, and 9to5Mac
| Kyle Wiggers / TechCrunch: |
Los Angeles-based Metropolis, which sells AI parking services, raised $650M in debt and $1.05B in Series C financing to acquire parking facility company SP Plus — AI-powered parking platform Metropolis today announced that it raised $1.7 billion to acquire SP Plus, a provider … | Bloomberg: |
Sources: AT&T is exploring options for its 70% DirecTV stake, such as adding a new investor or selling the stake and exiting the venture as early as August 2024 — - Telecoms giant majority owns DirecTV with private equity TPG — Declining pay-TV customer base has cut into AT&T's cash flow
More: Light Reading, The Streamable, and Android Headlines
Mastodon: @ironman07882@social … and @voron@mstdn.party
| Jamie Crawley / CoinDesk: |
Messari: crypto startup funding fell to sub $2.1B across 297 deals in Q3 2023, the lowest since Q4 2020, after a nearly $17.5B peak across 900+ deals in Q1 2022 — The amount raised by crypto firms in Q3 fell to just under $2.1 billion, across 297 deals, the lowest on both counts since Q4 2020| Elizabeth Lopatto / The Verge: |
In its opening statement, SBF's defense said FTX was a futures exchange that “didn't have a chief risk officer, which became an issue” when the crypto crash hit — The prosecution came out swinging. Oddly, Bankman-Fried's defense didn't.
More: Reuters, Wall Street Journal, Bitcoinist.com, Tech Xplore, TechCrunch, Bloomberg, and Fortune
| Financial Times: |
Belgium's intelligence service has been monitoring Alibaba's logistics hub in Europe at Liège's cargo airport to detect “possible espionage” by Chinese entities — Belgian security service says Chinese group's logistics arm in Liège under scrutiny over use of sensitive data
More: Reuters, Euronews, Channel NewsAsia, Metacurity, Fortune, Tech in Asia, and The Record
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