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May 31, 2024, 7:00 PM
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| Brian Fung / CNN: |
FCC ends the Affordable Connectivity Program, which helped low-income Americans afford internet service, after the House failed to approve additional funding — The Affordable Connectivity Program, which helped low-income Americans get online, is no more. — On Friday, the US government announced … | Axios: |
The US Treasury Department plans to make the IRS' Direct File program permanent from the 2025 tax season and invites all states and Washington DC to participate — - Treasury announced earlier this month that more than 140,000 people participated in the Direct File pilot program …
More: Washington Post, Internal Revenue Service, U.S. Department …, Engadget, NBC News, PCMag, CNET, Associated Press, CNN, FedScoop, Quartz, and Nextgov/FCW
Mastodon: @mcc@mastodon.social. X: @rakeshlobster, @senwarren, @moreperfectus, @repkatieporter, @whitehouse, and @eodyne1
LinkedIn: Chiraag Bains and Ariel S. Gold
Forums: Hacker News and Slashdot
| Reuters: |
Japanese crypto exchange DMM Bitcoin says it has lost 4,502.9 bitcoin, worth about $308M, in an “unauthorised leak”, and is investigating the incident — TOKYO, May 31 (Reuters) - Japan's cryptocurrency exchange DMM Bitcoin said on Friday that it had lost 4,502.9 bitcoin …
More: Elliptic, BleepingComputer, The Block, Bloomberg, Benzinga, CoinGape, Blockworks, Cryptonews, CoinDesk, Bitcoin Insider, TechCrunch, Crypto Briefing, and CryptoSlate
X: @jeffjohnroberts and @lorenzofb
Forums: r/Bitcoin and r/CryptoCurrency
| Emily Nicolle / Bloomberg: |
Tether acquires a $100M stake in US-listed bitcoin miner Bitdeer owned by Chinese billionaire Jihan Wu, with an option to buy $50M more in shares within a year — - Bitcoin miner is owned by the Chinese billionaire Jihan Wu — Bitdeer was previously in talks with private credit firms| Zheping Huang / Bloomberg: |
Sources: TikTok pauses plans to launch its e-commerce business in major European markets to focus on growth in the US where it's fighting the divest-or-ban law — - ByteDance halts plan to roll out shopping from Spain to Italy — Company aims to entrench itself in its most lucrative market
More: The Information, The Register, ZDNet, Voice of America, Tubefilter, GSMArena.com, PhoneArena, Benzinga, Silicon UK, CMU, The News International, TechSpot, Android Authority, CEPA, PYMNTS.com, Tech.co, 9to5Mac, Reuters, Tech in Asia, Social Media Today, Cybernews.com, New York Post, and Axios. X: @carnage4life
| Jillian Deutsch / Bloomberg: |
STMicro announces plans to spend €5B on a chips manufacturing plant in Catania, Italy with the government providing €2B in subsidies under European Chips Act — STMicroelectronics NV said it plans to spend €5 billion ($5.4 billion) on a manufacturing plant for chips and packaging in Catania … | Devin Coldewey / TechCrunch: |
Researchers claim that 2,107 US voters, mostly older, white Republican women, accounted for spreading 80% of the fake news on Twitter during the 2020 election — A pair of studies published Thursday in the journal Science offers evidence not only that misinformation on social media changes minds …
More: Science, Ars Technica, The Hill, Science, Science, and Morningstar, Inc.
X: @mediaevan, @drjennings, @cphoffmann, @acerbialberto, @_jenallen, @_jenallen, @_jenallen, and @_jenallen
Forums: Hacker News, r/nottheonion, and Ars OpenForum
| Abner Li / 9to5Google: |
Google explains AI Overviews' viral mistakes and updates its systems, including “better detection for nonsensical queries” and limiting satire and humor content — Google this afternoon published a long response about AI Overviews and their accuracy.
More: The Keyword, Ars Technica, Inc.com, CNET, MIT Technology Review, Search Engine Roundtable, PCMag, TechCrunch, The Register, Engadget, The Hill, ExtremeTech, Android Headlines, CBS News, Tom's Guide, Wccftech, BGR, Livemint, News.ng, Search Engine Journal, Thurrott, PhoneArena, Washington Post, Business Standard, Neowin, BetaNews, and Search Engine Land
Threads: @hughsteruk, @micfarris, @thatadamguy, and @katienotopoulos
X: @rustybrick, @rakeshlobster, @carnage4life, @durvidimel, @lilyraynyc, @carlhendy, @jenn_elias, @jenn_elias, @gaganghotra_, @richsangerseo, @larryferlazzo, and @nitashatiku
Forums: Hacker News and r/singularity
| Ben Lovejoy / 9to5Mac: |
Meta is notifying Instagram and Facebook EU users that it's using their data to train its AI models, and users can opt out, “if your objection is honoured” — If you use Instagram or Facebook, Meta is using your data to train its AI models. The company uses posts as training material for its generative AI systems.
More: BOOM. X: @tantacrul, @merryfight, @tantacrul, @tantacrul, @merryfight, @danlesac, @tyjlro, @anninosj, @malwarejake, @rohancreates, and @tantacrul
| Michael Kan / PCMag: |
Google plans to disable extensions built with the older Manifest V2 framework on June 3, beginning with users of Chrome's Beta, Dev, and Canary versions — The move begins with Chrome beta users on June 3, before a gradual phaseout of ‘Manifest V2’ extensions for all users in the coming months, which could impact uBlock Origin.
More: Chromium Blog, The Register, The Verge, Android Authority, Ars Technica, TechSpot, Neowin, Ghacks, How-To Geek, Android Police, and 9to5Google
| Dan Primack / Axios: |
Sources: Vista Equity has written off the entire value of its investment in tech learning platform Pluralsight, three years after taking it private for $3.5B — - One source says that the Utah-based company's financials have improved, with a around 26% EBITDA growth in 2023 … | Joshua Benton / Nieman Lab: |
Rest of World retracts an article on WhatsApp misinformation “tip lines” in India after several fact-checking orgs detail how it was “riddled with inaccuracies” — Last week, the technology site Rest of World published a story on the apparent failings of WhatsApp misinformation “tip lines” in India.
X: @dau_mca, @dau_mca, @dau_mca, and @india_mca
| Paul Sawers / TechCrunch: |
The European Commission designates Temu as a “very large online platform” and says the company will have to comply with DSA rules by the end of September 2024 — Temu, the super low-cost e-commerce marketplace owned by Chinese online retailer Pinduoduo, is to face …
More: Associated Press, European Commission, Tech Xplore, Neowin, Euractiv, The Verge, Silicon Republic, and Reuters
| Counterpoint Research: |
Global foldable phone shipments were up 49% YoY in Q1, marking its highest rate of increase in six quarters; Huawei led with a 35% share, overtaking Samsung — - Global foldable smartphone shipments were up 49% YoY in Q1 2024, driven by Huawei, HONOR and Motorola.
More: Times of India, The Economic Times, 9to5Google, Business Insider, PC-Tablet India, Counterpoint Research, PhoneArena, Android Authority, Patently Apple, Benzinga, Patently Apple, South China Morning Post, GSMArena.com, Dexerto, Huawei Central, Display Daily, Phandroid, Sam Lover, Financial Express, Notebookcheck, and Android Headlines
| Winston Cho / The Hollywood Reporter: |
Startup Fable Studio announces Showrunner, a streaming service that lets users watch AI-generated series and create their own series by writing prompts — Fable, the studio behind the viral AI-generated ‘South Park’ clips, has announced a streaming platform that allows users to create their own content.
More: VentureBeat, Tubefilter, MobileSyrup, The Guardian, Dexerto, Forbes, and Gizmodo
Forums: r/blankies, r/technology, and r/television
| Eleanor Olcott / Financial Times: |
Sources: Saudi Arabia's Prosperity7 participated in a ~$400M round in Zhipu AI at a ~$3B valuation, making it the only foreign investor in Chinese generative AI — Aramco's Prosperity7 takes part in investment round for start-up Zhipu AI — A Saudi Arabian fund has backed China's … Sponsor Posts
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