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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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About This Page

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

Brian Stelter / CNN:
CNN, MS NOW, and Politico amend their lawsuit against the White House, alleging it has kept all three off press pool duty since Sept. 18 despite an injunction

Reuters:
Sources: Bloomberg, Susquehanna, and Jump Trading signed up for Truth Social's real-time feed of top accounts, including Trump's posts, paying $60K to $100K

Brian Steinberg / Variety:
Versant, owner of MS NOW and CNBC, is launching four new FAST channels, including Snapped, Botched, and CNBC Ambition, bringing its portfolio to 13 outlets

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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