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Techmeme
July 11, 2024, 9:40 PM
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Top News

Leo Schwartz / Fortune:
The US SEC drops its investigation into Paxos over its BUSD stablecoin issued in partnership with Binance, after sending Paxos a Wells notice in February 2023  —  As the crypto industry continues its calls for regulatory clarity, a glaring question has been whether stablecoins …
Bloomberg:
Apple settles with the EU over Apple Pay and avoids potential fines by agreeing to open NFC access on iOS to third-party wallet developers for free for a decade  —  - EU accepts Apple pledge to open up payment tech to rivals  — Firm still faces mounting EU antitrust scrutiny in other areas
Vlad Savov / Bloomberg:
IDC estimates that Apple will sell under 500K Vision Pro units in 2024, and the headset's international launch will offset a 75% QoQ drop in US sales in Q3 2024  —  - The pricey headset's US sales are expected to plummet  — A more affordable model in a year's time should help momentum
Andrew Cunningham / Ars Technica:
Arm unveils Accuracy Super Resolution, an upscaler for mobile games based on AMD's FidelityFX Super Resolution 2, available under the MIT open-source license  —  Arm “Accuracy Super Resolution” is optimized for power use and integrated GPUs.  —  Some of the best Arm processors come …
Wired:
Arab and Muslim workers at Meta detail frustrations over Meta's handling of internal discussions on the Israel-Hamas war, worrying it led to bad product choices  —  Arab and Muslim workers at Meta allege that its response to the crisis in Gaza is one-sided and out of hand.
Lawrence Abrams / BleepingComputer:
Signal plans to roll out a beta version of its desktop apps that tightens the security of how it stores plain text encryption keys, after downplaying the issue  —  Signal is finally tightening its desktop client's security by changing how it stores plain text encryption keys for the data store after downplaying the issue since 2018.
Rachel Metz / Bloomberg:
OpenAI creates five levels to track its progress toward AGI: Chatbots, Reasoners, Agents, Innovators, and Organizations, and says it's nearly at level two  —  The company believes its technology is approaching the second level of five on the path to artificial general intelligence
Marina Temkin / TechCrunch:
Regard, which saves physicians time by analyzing patients' health data using AI, raised a $61M Series B led by Oak HC/FT, a source says at a $350M valuation  —  People in tech often say that data is the new oil.  That phrase, coined by British mathematician Clive Humby, of course implies that data is valuable.
Thomas Ricker / The Verge:
SpaceX makes its $599 Starlink Mini portable dish available to everyone in the US; the Mini works with the $150/month Regional and $50/month Mini Roam services  —  SpaceX's Starlink Mini dish — which Elon Musk says “will change the world” — is now available to anyone in the US.
Mark Bergen / Bloomberg:
Helsing, which makes AI tools for defense, raised a €450M Series C led by General Catalyst, a source says at a €4.95B valuation, taking its funding to €769M  —  - Company formed in 2021 has now raised nearly €770 million  — Helsing will open entity in Estonia as part of Baltic push
Lauren Smiley / Wired:
A profile of Priscila Barbosa, who defrauded Uber and other apps by building a ~$10K-per-month business renting fake accounts to undocumented workers in the US  —  She came to the US with a dream.  Using platforms like Uber, Instacart, and DoorDash, she built a business empire up from nothing.

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 9:40 PM ET, July 11, 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

Reuters:
A US federal judge orders the Trump administration to lift its White House ban on CNN, MS NOW, and Politico for 14 days, calling it likely unconstitutional

Todd Spangler / Variety:
Paramount says it is raising another $7.5B in debt to pay for its WBD acquisition and pay down other debt, bringing the total debt it intends to raise to $44.4B

Jessica Toonkel / Wall Street Journal:
Barry Diller withdraws People's bid to buy the stake in MGM Resorts it didn't already own, in a deal valuing the company at ~$12.4B; People holds ~27% of MGM

More News

Eduardo Baptista / Reuters:
A SAS survey of 1,600 decision makers in key global markets: 83% of Chinese respondents said they've adopted generative AI vs. 65% in the US and 54% globally
Rachel Metz / Bloomberg:
A look at the rise in use of the sparkles emoji to market AI products as magic, as some say the imagery distracts from real-world issues the AI industry faces
Sarah Perez / TechCrunch:
An international study of 642 websites and mobile apps offering subscription services finds ~76% with at least one possible dark pattern and ~67% with multiple

Earlier Picks

Brady Dale / Axios:
US prosecutors say crypto exchange BitMEX pled guilty to one count of violating the Bank Secrecy Act by not having an adequate AML program from 2015 to 2020
Chance Miller / 9to5Mac:
Apple and Google launch a data portability tool that lets Google Photos users move their photos to iCloud, after offering iCloud to Google Photos in March 2021
Shubham Sharma / VentureBeat:
AWS launches App Studio, which is a generative AI-powered service letting enterprise users create internal apps using text prompts, in public preview
Evan Gorelick / Bloomberg:
OpenAI and Los Alamos National Laboratory announce a partnership to evaluate how multimodal AI models can be used safely by scientists in laboratory settings
Brody Ford / Bloomberg:
Intuit plans to cut 10% of its global workforce, or ~1,800 employees, and rehire the same number, primarily in its engineering, product, and sales divisions
Chris Welch / The Verge:
Samsung unveils $250 Galaxy Buds3 Pro and $180 Galaxy Buds3, with ANC and switching to an AirPods-like stemmed design and case, available on July 24
Ben Schoon / 9to5Google:
Samsung debuts the Galaxy Z Fold6, with a wider 22.1:9 display, up to 2,600 nits of brightness, a thinner frame, IP48, and seven years of updates, for $1,899
Wes Davis / The Verge:
Google now lets its users set up Advanced Protection Program with a single passkey, using Android or iOS biometric authentication, instead of two physical keys
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