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Techmeme
March 1, 2024, 5:15 AM
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Top News

Bloomberg:
Meta plans to deprecate the Facebook News tab in the US and Australia in early April 2024 and stop signing deals for traditional news content in those countries  —  Meta Platforms Inc. is winding down its news feature in the US and Australia, part of a broader shift away from the category for the social media giant.
Jason Schreier / Bloomberg:
Source: Embracer plans to sell its subsidiary Saber Interactive to private investors in a $500M deal, making Saber a privately-owned company with ~3,500 staff  —  Saber will continue developing Star Wars: Knights of the Old Republic  —  Swedish gaming company Embracer Group AB will sell …
Jordan Novet / CNBC:
Microsoft launches Copilot for Finance in public preview, helping users reconcile data in Excel, speed up the collections process in Outlook, and more  —  - Microsoft is launching a Copilot for Finance, which it said will be able to perform a handful of common role-specific actions in Excel and Outlook.
Candace Cheung / Courthouse News Service:
Elon Musk sues OpenAI and Sam Altman, accusing them of betraying an agreement from OpenAI's founding to develop AI toward the “benefit of humanity” over profits  —  OpenAI is not so open now, Musk claims, following the closed source release of the company's artificial general intelligence technology under Microsoft.
Stephanie Kirchgaessner / The Guardian:
A US judge orders the NSO Group to hand over its code for Pegasus and other spyware products to Meta, as part of Meta's ongoing litigation to protect WhatsApp  —  Israeli company NSO Group is accused in lawsuit by Meta's messaging app of spying on 1,400 users over a two-week period
Michael Nuñez / VentureBeat:
Alibaba researchers detail EMO, or Emote Portrait Alive, an AI system that creates a realistic talking or singing video from a portrait photo and an audio file  —  Researchers at Alibaba's Institute for Intelligent Computing have developed a new artificial intelligence system called “EMO,” …
Consumer Reports:
Researchers find serious security flaws in cheap video doorbells sold by Chinese company Aiwit under various brand names on Amazon, Shein, Temu, and other sites  —  The devices are also sold by Walmart, Sears, and other retailers—and big platforms have faced few consequences for shipping flawed products
Bill Toulas / BleepingComputer:
JFrog finds ~100 malicious PyTorch and Tensorflow Keras models on Hugging Face, some of which can execute code on users' machines to give attackers a backdoor  —  At least 100 instances of malicious AI ML models were found on the Hugging Face platform, some of which can execute code on the victim's machine …
Kevin Nguyen / The Verge:
A eulogy for TinyLetter, as Mailchimp shuts down the newsletter tool acquired in 2011 that had a brief run nurturing great personal writing on the internet  —  In remembrance of the humblest newsletter service and its brief run nurturing great personal writing on the internet.
See also Mediagazer
Ashley Capoot / CNBC:
Change Healthcare confirms that the ransomware group BlackCat is behind the ongoing attack that has caused widespread disruptions to pharmacies across the US  —  - Change Healthcare on Thursday confirmed that the ransomware group Blackcat is behind the ongoing cybersecurity attack that's been impacting its systems since last week.

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From Mediagazer

Variety:
Sources: the legal team for Paramount President Jeff Shell has engaged in preliminary talks about a possible exit from the company, where he was hired in 2024

Katie Deighton / Wall Street Journal:
WME is selling sports marketing agency 160over90 to Publicis Groupe for, sources say, $500M+; WME bought the agency in 2018 for about $200M

Jonah E. Bromwich / New York Times:
A profile of Patrick Radden Keefe, an investigative journalist who has modeled for J.Crew, appeared in HBO's Industry, and had his latest book optioned by A24

More News

Brody Ford / Bloomberg:
HPE reports Q1 revenue down 14% YoY to $6.76B, vs. $7.1B est., Server revenue down 23% YoY to $3.4B, and reduces its FY 2024 outlook for sales growth and profit
Larry Dignan / Constellation Research:
Dell reports Q4 revenue down 11% YoY to $22.3B, vs. $22.2B est., Client revenue down 12% to $11.7B, and Infrastructure revenue down 6% to $9.3B; DELL jumps 15%+
Paul Vieira / Wall Street Journal:
Canada's antitrust watchdog expands its four-year probe into Google's online ad practices, with a focus on whether the company engages in predatory pricing

Earlier Picks

Jon Porter / The Verge:
Microsoft outlines its new DirectSR API, which lets game developers integrate super resolution AI-upscaling features from Nvidia, AMD, Intel, and others
Frederic Lardinois / TechCrunch:
Stack Overflow launches OverflowAPI to give AI companies access to its knowledge base, starting with Google, which will use the data for Gemini for Google Cloud
Jeanne Whalen / Washington Post:
The US launches a probe into possible security risks of Chinese-manufactured vehicles, saying modern cars are like smartphones and could be used for espionage
Annie Palmer / CNBC:
Robotics startup Figure AI confirms raising $675M at a $2.6B valuation and is partnering with OpenAI to “develop next-generation AI models for humanoid robots”
Davey Winder / Forbes:
Russian-speaking LockBit threatens to release Fulton County Court's Donald Trump case docs “that could affect the upcoming US election”, if a ransom isn't paid
Reuters:
Coinbase says all services on its website have been restored after a “display issue” on February 28 caused some users to see a zero balance in their account
Leo Schwartz / Fortune:
Gemini agrees to return the $1B+ owed to customers and pay a $37M fine in a settlement with the New York Department of Financial Services related to Gemini Earn
Alex Koller / CNBC:
EA plans to cut 5% of its workforce, part of a plan that includes reducing office space and sunsetting some games; EA employed 13,400 workers as of March 2023
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