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March 13, 2024, 10:43 AM
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Washington Post:
The US House passes a bipartisan TikTok bill that forces a sale or ban of the app; the legislation faces an uncertain Senate path without a companion measure  —  The House vote, set for Wednesday, is expected to mark the first time a chamber of Congress has greenlit legislation to ban a social media platform.
Wall Street Journal:
As TikTok faces a divestment bill in the US, a look at how lawmakers and the Biden administration quietly planned the legislation and caught TikTok by surprise  —  Executives of the video-messaging app thought they had fended off attacks.  Behind the scenes, lawmakers and Biden officials were working to force its ban or sale.
CNBC:
The EU Parliament approves the AI Act, voting 523 in favor and 46 against, despite competition fears; the Act, born in 2021, puts AI tech into risk categories  —  - The European Union Parliament on Wednesday approved the world's first major set of regulatory ground rules to govern …
Romain Dillet / TechCrunch:
Spotify rolls out music videos to its mobile and desktop apps in beta in 11 markets, including Brazil, Italy, and the UK, available to Premium subscribers  —  Spotify is adding music videos to its mobile and desktop apps in some markets.  They are tightly integrated with the company's music library …
Bill Toulas / BleepingComputer:
Google paid out $10M to 632 bug bounty researchers in 2023 via its Vulnerability Reward Program, including $3.4M for Android bugs; the highest bounty was $113K  —  Google awarded $10 million to 632 researchers from 68 countries in 2023 for finding and responsibly reporting security flaws in the company's products and services.
Chris Eggertsen / Billboard:
Neil Young is bringing back his music to Spotify, after the removal in January 2022, saying “Apple and Amazon have started serving the same disinformation”  —  The singer-songwriter previously had his music removed from the platform over what he deemed the spread of vaccine misinformation on the Joe Rogan Experience.
Bill Toulas / BleepingComputer:
A US jury convicts Russian-Swedish national Roman Sterlingov for operating crypto “tumbler” Bitcoin Fog between 2011 and 2021, laundering 1.2M+ BTC worth ~$400M  —  Russian-Swedish national Roman Sterlingov was convicted by a federal jury in Washington, D.C., for operating Bitcoin Fog between 2011 and 2021.
Timmy Shen / The Block:
A study by the US Copyright Office and USPTO concludes that existing laws are sufficient to address NFT copyright concerns and there's no need to change IP laws  —  - The intellectual property authorities in the U.S. noted in an NFT study that the current laws are sufficient to address infringement concerns.
Tiernan Ray / ZDNet:
Cerebras announces the WSE-3, a TSMC-made 5nm chip almost the size of a 12-inch wafer with 4T transistors, up from 2.6T in the WSE-2, for training AI models  —  The race for ever-larger generative artificial intelligence models continues to fuel the chip industry.
Patricia Hernandez / Polygon:
How MrBeast dominates this ostentatious YouTube era, using a fast, frantic, and omnipresent editing style, as his videos slowly evolve to focus on storytelling  —  Jimmy Donaldson warped YouTube in his image — but YouTube is warping him back  —  In the fall of 2023, a clip ripped from a video …
Aisha Malik / TechCrunch:
Bluesky open sources its collaborative moderation tool Ozone and plans to let users run their own independent moderation services later this week  —  Decentralized Twitter/X rival Bluesky announced today that it's open sourcing Ozone, a tool that lets individuals and teams collaboratively review and label content on the network.
Mayank Parmar / BleepingComputer:
Brave says after Apple added a default browser choice screen in the EU, daily installations of Brave on iOS jumped from ~8K to over 11K  —  Brave has seen a sharp increase in users installing its privacy-focused Brave Browser on iPhones after Apple introduced changes to adhere to the new European Digital Markets Act.
Mike Isaac / New York Times:
How Reddit CEO Steve Huffman, who returned in 2015 during a leadership crisis, grew the website to $800M+ in annual revenue and 2,000 staff, up from 80 in 2015  —  The site, a throwback to an earlier era of social media, is poised to go public as soon as next week.  It hasn't been easy to reach this point.
Sarah Perez / TechCrunch:
RevenueCat survey of nearly 30K mobile subscription apps finds that only 17.2% of them will reach $1,000 in monthly revenue and only 3.5% will reach $10,000  —  Investors know that most startups fail, but something that may be less understood is how few mobile apps actually make money.
Financial Times:
Docs: Nigeria, which has held two Binance execs since February during a crypto exchange crackdown, is pushing for data on Binance's top 100 local users and more  —  Authorities hold senior company executives for two weeks after crackdown on cryptocurrency websites

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 10:43 AM ET, March 13, 2024.

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

Jessica Toonkel / Wall Street Journal:
Sources: Paramount is planning for what happens if no big deal happens, mulling cutting $2B in costs, selling BET and TV stations, starting a streaming JV, more

Ben Smith / Semafor:
Sources: Nicholas Carlson, who has been the global editor-in-chief of Business Insider since 2017, is expected to leave the publication later this summer

Laura Wagner / Washington Post:
Over 50 journalism professors call on the NYT to address questions on its report that described a “pattern of gender-based violence” in Hamas' October 7 attack

More News

Sean Michael Kerner / VentureBeat:
Chicago-based Ocient, which provides hyperscale data warehouse and analytics software, raised a $49.4M Series B extension, bringing its total funding to $119M

Earlier Picks

Bloomberg:
Letter: Chamath Palihapitiya's VC firm Social Capital fired two of its partners, citing an undisclosed “situation”, and hired a law firm to investigate
Bloomberg:
Sources: the Pentagon abandoned its plan to spend up to $2.5B on a chip grant to Intel, putting the onus on the Commerce Department to make up for the shortfall
Ashlee Vance / Bloomberg:
Source: Physical Intelligence, a startup making an AI model for “any robot or physical device”, raised $70M from Thrive, Khosla, Lux, OpenAI, Sequoia, and more
Charlotte Trueman / DatacenterDynamics:
Meta details its two new data center scale clusters, both containing 24,576 Nvidia H100 GPUs that the company is using for AI workloads like training Llama 3
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