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Techmeme
February 23, 2024, 1:00 PM
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Top News

New York Times:
An investigation finds thousands of Instagram accounts run by parents posting images of their children, attracting pedophiles who sometimes pay for more content  —  The ominous messages began arriving in Elissa's inbox early last year.  “You sell pics of your underage daughter to pedophiles,” read one.
Aditya Soni / Reuters:
Nvidia crossed a $2T market cap intraday on February 23, after adding $277B to its market value on February 22, Wall Street's largest one-day gain on record  —  Nvidia (NVDA.O) hit $2 trillion in market value on Friday, riding on an insatiable demand for its chips that made the Silicon Valley firm …
ABC News:
AT&T believes the February 22 outage “was caused by the application and execution of an incorrect process as we were expanding our network, not a cyber attack”  —  AT&T says they have “restored wireless service to all our affected customers.”
Jessica Lyons / The Register:
Filing: UnitedHealth says a “suspected nation-state” actor had access to IT provider Change Healthcare's systems, disrupting services at pharmacies in the US  —  Prescription orders hit after IT supplier Change Healthcare pulls plug on systems  —  UPDATED IT provider Change Healthcare …
Sean Hollister / The Verge:
Microsoft announces “Generative erase”, which uses generative AI to remove objects and people from images, coming to the Photos app in Windows 10 and Windows 11  —  Google and Samsung aren't the only ones baking magical AI selective photo erasers into their devices …
Jonathan Vanian / CNBC:
Reddit files to list its IPO on the NYSE, reporting revenue up 20% YoY to $804M in 2023, net loss down 43% YoY to $90.8M, 73M DAUs, and a $3.42 global ARPU  —  - Reddit on Thursday filed to go public.  — Its market debut will mark the first major tech initial public offering of the year …
The Verge:
Reddit plans to give some of its top users, including moderators and those with high karma scores, the chance to buy shares in its IPO
Alex Weprin / The Hollywood Reporter:
S-1: Sam Altman has an 8.7% stake in Reddit, making him the third-largest shareholder, behind Advance Magazine Publishers, with 30.1%, and Tencent, with 11%
Abner Li / 9to5Google:
Google strikes a deal with Reddit, reportedly for $60M/year, gaining Reddit Data API access to surface more Reddit content in Search and to train its AI models
Lauren Goode / Wired:
Interviews and emails show that technical interviews have become more punishing for engineers after mass layoffs, requiring days of work on unpaid assignments  —  Tech companies are famous for coddling their workers, but after mass layoffs the industry's culture has shifted.
Sabrina Ortiz / ZDNet:
Microsoft releases PyRIT, a tool that the company's AI Red Team has been using to more efficiently check for risks in its generative AI systems, such as Copilot  —  Despite the advanced capabilities of generative AI (gen AI) models, we have seen many instances of them going rogue, hallucinating …

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From Mediagazer

New York Times:
The US DOJ confirms it is probing whether ABC, CBS, CNN, NBC, and Fox violated antitrust law by briefly suspending White House pool coverage of President Trump

Max Tani / Semafor:
Sources detail how ABC News initially defended then retracted an article about President Trump's sons' defense links, saying it was published “prematurely”

Michael Savage / The Guardian:
Source: Axel Springer is considering cutting 50 to 100 Telegraph editorial jobs, with a consultation likely before Christmas, despite earlier investment pledges

More News

Dietrich Knauth / Reuters:
A US judge says FTX can sell its Anthropic shares after FTX reached a compromise with its customers opposing the sale; FTX invested $500M in Anthropic in 2021
Mark Tyson / Tom's Hardware:
Samsung says the Galaxy Book4 series, featuring Intel Core Ultra chips and AMOLED touchscreens, will launch in the US, the UK, and other markets on February 26
Ivan Mehta / TechCrunch:
Meta's Oversight Board extends its scope to include letting Threads users appeal Meta's content moderation using a similar process as for Facebook and Instagram

Earlier Picks

Hannah Lang / Reuters:
Block reports Q4 revenue up 24% YoY to $5.77B, Square profit up 18% YoY, Cash App profit up 25% YoY, and forecasts Q1 adjusted EBITDA above est.; SQ jumps 15%+
Sarah Perez / TechCrunch:
Bluesky opens up federation, letting anyone run their own server that connects to Bluesky's network, which uses the AT Protocol; Mastodon uses ActivityPub
Sheila Dang / Reuters:
Google plans to integrate Gemini into its Performance Max ad placement tool, helping brands generate longer headlines, after adding Gemini into Google Workspace
Jess Weatherbed / The Verge:
Google rolls out its Gemini-powered “Help me write” tool in Chrome for macOS and Windows for English-speaking US users, offering shortform writing suggestions
Ismail Shakil / Reuters:
The US FTC says Avast needs to pay $16.5M and stop selling web browsing data for ads to settle charges that the UK company misrepresented its use of such data
Tom Warren / The Verge:
Sony is testing PC support for its PlayStation VR2 headset, which currently works exclusively with the PS5, and hopes “to make this support available in 2024”
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