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October 12, 2023, 4:00 PM
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Top News

Reuters:
In a letter to Thierry Breton, X CEO Linda Yaccarino says X has removed hundreds of Hamas-linked accounts, labeled tens of thousands of posts, and more  —  The X social media platform has removed hundreds of Hamas-affiliated accounts and taken action to remove or label tens of thousands …
Javier Espinoza / Financial Times:
Sources: EU launched a probe into X over hosting misinformation in the wake of Hamas' attack on Israel; X could be fined up to 5% of its daily global turnover  —  Investigation is the first under the bloc's Digital Services Act and comes after letter to Musk raising concerns
Sarah Perez / TechCrunch:
Google's Search Generative Experience adds the ability to generate images using prompts and to write drafts by customizing their tone and length  —  Google's AI-powered search feature, SGE (Search Generative Experience), is gaining some new skills, starting today.
Ben Schoon / 9to5Google:
Threads rolls out voice posts and a free edit button; users can edit a post within five minutes of sending it, and Threads doesn't show an edit history  —  Meta's Twitter competitor, Threads, is now rolling out one of its most-requested features - an edit button.
Sarah Perez / TechCrunch:
Instagram head Adam Mosseri reiterates Threads' position on hard news, saying that Threads does not intend to “amplify” news because it's currently “too risky”
Sarah Wynn / The Block:
The CFTC charges Voyager Digital co-founder Stephen Ehrlich with fraud, saying he and Voyager lied to clients and hid the crypto lender's true financial health  —  - Stephen Ehrlich and the firm the co-founded, Voyager Digital, lied to customers and hid the crypto lender's true financial health, according to the CFTC.
New York Times:
SBF's trial: the personal dynamics between him and his friends have become a vital component of the case, revealing how much his inner circle has turned on him  —  The FTX founder's criminal trial has made clear just how much his inner circle has turned against him.
Zack Abrams / The Block:
Caroline Ellison's well-prepared testimony painted Sam Bankman-Fried as the ultimate decision-maker at FTX and a corrupting influence on his subordinates
Akash Sriram / Reuters:
Atlassian plans to acquire video messaging platform Loom for ~$975M, split as ~$880M in cash and the rest in stock, set to close in Q1 2024; Loom has 25M+ users  —  Atlassian (TEAM.O) said on Thursday it had agreed to acquire privately held video messaging platform Loom for about $975 million …
Andy Greenberg / Wired:
Elliptic: the unidentified FTX hackers who stole $415M to $432M in November 2022 moved the money in 2022 and via Russia-linked money launderers in October 2023  —  Whoever looted FTX on the day of its bankruptcy has now moved the stolen money through a long string of intermediaries—and eventually some that look Russian in origin.
Amir Efrati / The Information:
Sources: Sam Altman told staff that OpenAI is generating revenue at a $1.3B/year pace, implying the company now generates $100M+/month, up 30% in three months  —  ChatGPT maker OpenAI is generating revenue at a pace of $1.3 billion a year, CEO Sam Altman told staff this week, according to several people with knowledge of the matter.
Kif Leswing / CNBC:
Piper Sandler survey of 9,000+ US teens: 29.1% of their daily video consumption time is on YouTube, beating Netflix for the first time at 28.7%, and ~7% on Hulu  —  - Teenagers in the United States say they watch more video on YouTube than Netflix, according to a new survey from investment bank Piper Sandler.
Noema:
Today's LLMs like ChatGPT, Bard, Llama, and Claude have many flaws but decades from now they will be recognized as the first true AGI examples, like the ENIAC  —  Today's most advanced AI models have many flaws, but decades from now, they will be recognized as the first true examples of artificial general intelligence.
Sarah Perez / TechCrunch:
Automattic expands ActivityPub support to WordPress.com hosted sites, letting blog owners reach 13.3M users across the fediverse, including Mastodon's 1.8M MAUs  —  Earlier this year, WordPress.com owner Automattic acquired a plugin that allowed WordPress blogs to be followed in the fediverse …
Alex Konrad / Forbes:
Over 220 VC firms, including Bain, Bessemer, and GGV, sign a statement supporting Israel and call for the investor community to support Israel's tech ecosystem  —  The open letter published on Thursday is the latest effort by startup investors to provide support for the state of Israel and its tech community, with 221 firms signed on.

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 4:00 PM ET, October 12, 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:
President Trump says that he will attend this year's White House Correspondents' Association dinner, marking the first time he will do so as president

Peter White / Deadline:
Banijay and RedBird IMI-owned All3Media announce a merger, creating a production giant with $8B in annual revenue, in a deal expected to close in H2

Financial Times:
Netflix co-CEO Greg Peters says he is “nervous” about severe job cuts after Paramount's WBD acquisition and “a bunch of people are going to lose their jobs”

More News

Yoolim Lee / Bloomberg:
Singapore's biggest tech hopes, Grab, Sea, and Razer, have stumbled, which may show why VCs were premature in calling Singapore the “Silicon Valley of Asia”
BBC:
Investigation: instant loan app scams entrap people in India and 13 other countries into a spiral of debt, driving many to suicide after shame and blackmail

Earlier Picks

Jacquelyn Melinek / TechCrunch:
US v. SBF: Caroline Ellison says Alameda paid $100M to $150M in crypto transfers to Chinese officials to unfreeze its OKX and Huobi trading accounts, worth ~$1B
Karen Hao / The Atlantic:
Sources: the US Department of Commerce is considering new export controls for general-purpose AI programs, a move that experts say could weaken US AI innovation
Reuters:
Sources: OpenAI plans to unveil major developer updates on November 6, like memory storage in its tools and vision capabilities to analyze and describe images
Gabe Bullard / Nieman Reports:
Internal memo: NPR lost a negligible amount of traffic in the six months since leaving X, after the service labeled the outlet “US state-affiliated media”
Caitlin Huston / Hollywood Reporter:
The US FTC proposes a rule to require ticket sellers and others to show the total price to users upfront; Ticketmaster and SeatGeek have pledged all-in pricing
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