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Techmeme
November 26, 2023, 12:20 AM
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Top News

Benedict Evans / Financial Times:
AI development will likely move faster and be more dispersed and less controlled after a failed coup at OpenAI, accelerating what the coup was trying to prevent  —  Failed coups, as seen at OpenAI, often accelerate the thing that they were trying to prevent  —  Over the past week, OpenAI's board went through four CEOs in five days.
New York Times:
Internal docs: X may lose ~$75M in ad revenue by 2023 end as Amazon, Microsoft, and other major brands halted or consider halting ads; X says it may lose $11M  —  Internal documents show companies like Airbnb, Coca-Cola and Microsoft have halted ads, or may do so, after Elon Musk's endorsement of an antisemitic conspiracy theory.
Ingrid Lunden / TechCrunch:
Adobe: US online Black Friday sales hit $9.8B, up 7.5% YoY; Salesforce, which uses different metrics, says online sales hit $16.4B in the US and $70.9B globally  —  A rush of deep discounts and the growth of flexible payment options were the drivers behind $9.8 billion in online sales …
Patrick McKenzie / Bits about Money:
A look at Binance and CZ's “Bond villain” compliance strategy and how their settlements will allow the US to deflate Binance while minimizing collateral damage  —  James Bond films have a certain formula to them.  It is more interesting when seen from the perspective of the villain.
Reuters:
A profile of Binance CEO Richard Teng, who faces the tough task of transforming the company's culture amid spiraling compliance costs and an ongoing SEC lawsuit  —  Spiralling compliance costs, ongoing legal headaches and a shrinking share of the market: Binance's new chief Richard Teng faces …
Natasha Singer / New York Times:
Unsealed docs in a lawsuit by 30+ state AGs: Meta received 1.1M+ reports of under-13s on Instagram since early 2019 yet it “disabled only a fraction” of those  —  Meta “routinely documented” children under 13 on Instagram and “unlawfully” collected their data, according to a newly unsealed complaint.
Mat Di Salvo / Decrypt:
A Bitcoin user seems to have accidentally paid a record $3M fee for a $5M transaction and sent $2M; in September, Paxos paid $500K, now returned, to send $2,000  —  Someone accidentally paid over $3 million in fees to send $2 million in BTC.  —  A luckless Bitcoin sender seemingly made a costly mistake …
Frank Bajak / Associated Press:
A look at Replicator, a Pentagon initiative expected to accelerate hard decisions on what AI tech is reliable enough to deploy, including on weaponized systems  —  NATIONAL HARBOR, Md. (AP) — Artificial intelligence employed by the U.S. military has piloted pint-sized surveillance drones …
More: Cryptopolitan, Politico, and The Messenger
Threads: @nafo_marvin.  X: @mikepesoli and @fbajak.  LinkedIn: Francis Syms
Forums: r/singularity and r/Futurology
Anton Shilov / Tom's Hardware:
China's Sunway unveils new CPUs with a maximum FP64 throughput of 13.8 TFLOPS, which could let China build high-performance supercomputers despite US sanctions  —  China continues to advance supercomputing technologies despite U.S. sanctions.  —  Earlier this year, the National Supercomputing Center …

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This is a Techmeme archive page. It shows how the site appeared at 12:20 AM ET, November 26, 2023.

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From Mediagazer

Sara Guaglione / Digiday:
The Washington Post's new Your Personal Podcast, which offers AI-generated customizable podcasts, was developed under a multiyear agreement with ElevenLabs

Ashley Capoot / CNBC:
Disney and OpenAI sign a three-year deal to bring 200+ Disney characters to Sora; Disney will make a $1B investment in OpenAI and become a major OpenAI customer

Mark Stenberg / Adweek:
Sources: the tenure of Anastasia Nyrkovskaya, Fortune's outgoing CEO, was marked by turmoil over a clash with Victor Pang, a lawyer for the company's owner

More News

Yashraj Sharma / Wired:
Ahead of elections in India in December and 2024, political parties are courting social media influencers to reach rural voters while dodging media interviews
Bhavya Dilipkumar / Moneycontrol:
Bengaluru-based Scapia, which offers a co-branded credit card and an app to turn daily expenses into travel rewards, raised a $23M Series A
Forbes:
An investigation identifies four secret bitcoin mining facilities in Bhutan, built using $220M in chips imported from China between 2021 and 2022
Michael Roddan / The Information:
FOIA docs: Prashant Bhardwaj, hired in March as the US OCC's first officer to police fintech firms, lied about his work history; OCC quietly replaced Bhardwaj

Earlier Picks

Tom Warren / The Verge:
After users complained about seeing a fullscreen pop-up ad in Assassin's Creed Odyssey on both Xbox and PlayStation, Ubisoft blames a “technical error”
Sam Reynolds / CoinDesk:
A Montenegro court approves the extradition of Terraform Labs co-founder Do Kwon; the justice minister will decide if he will go to South Korea or the US
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