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August 8, 2024, 2:50 PM
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Top News

Mark Gurman / Bloomberg:
Sources: Apple plans a Mac mini in 2024 with M4 and M4 Pro options that is less than half the size of the current mini, its first major design change since 2010  —  - It's the first major design change to Mac mini since Jobs era  — Entire Mac line to get updated with AI-focused M4 processors
Josh Self / Politics.co.uk:
In a now-deleted X post, Elon Musk reposted a fake Telegraph story shared by a far-right party about the UK opening “Detainment Camps”; the post had 1.8M views  —  Elon Musk has deleted a post on X, the social media platform he owns, in which he spread fake news about …
Financial Times:
Sources: Google and Meta ran a pilot program in the US in May 2024 to target Instagram ads to teenagers on YouTube, which prohibits targeting ads to under-18s  —  Campaign on YouTube to boost Instagram's appeal to young people skirted search group's rules for marketing to under-18s
Lara O'Reilly / Business Insider:
Email: the World Federation of Advertisers discontinues activities of its nonprofit, GARM, following X's antitrust lawsuit, but intends to contest X's claims  —  - The World Federation of Advertisers is ‘discontinuing’ the activities of the Global Alliance for Responsible Media.
Camilla Hodgson / Financial Times:
The UK CMA opens a formal merger inquiry into Amazon's Anthropic investment after getting “sufficient information” about the deal; Amazon is “disappointed”  —  CMA to escalate matter to the first phase after seeking views on tech giant's investment in the AI start-up
Adam James / The Block:
“Over the next few days”, Indian crypto exchange WazirX plans to undo all trades following its July 18 withdrawal freeze, after hackers stole $230M+ in crypto  —  - WazirX announced plans to undo all trades following its withdrawal freeze on July 18.
Richard Nieva / Forbes:
Hugging Face acquires XetHub, a collaboration platform started by ex-Apple employees who raised $7.5M to help developers work with and build large-scale models  —  Purchased for an undisclosed sum, XetHub is staffed by a number of former Apple employees.  Hugging Face thinks …
Benjamin Mayo / 9to5Mac:
Apple debuts new rules for apps in the EU that link out to the web for purchases, including allowing links to any website, and removes many other restrictions  —  Following the EU ruling in June that said Apple's App Store anti-steering policies are officially in breach of the Digital Markets Act, Apple is announcing changes.
Chris Welch / The Verge:
Google says it stopped making the Chromecast due to intense competition, pivoting to a premium device, and views the Nvidia Shield as something to strive toward  —  The Chromecast is going away after more than a decade in Google's hardware portfolio, with the company phasing it out to make room for the new Google TV Streamer.
Thomas Brewster / Forbes:
Researchers: hackers have used an 18-year-old flaw in how Safari, Chrome, and Firefox on macOS handle queries to a 0.0.0.0 IP address to breach private networks  —  Weaknesses in Chrome, Firefox and Safari gave hackers a route into internal networks, even those protected by firewalls, security researchers warn.
Lily Hay Newman / Wired:
A researcher details a Windows Update vulnerability that could be exploited to downgrade key components of Windows to older versions that contain known flaws  —  A researcher found a vulnerability that would let hackers strategically downgrade a target's Windows version to reexpose patched vulnerabilities.
Financial Times:
Similarweb: active UK Telegram users hit 3.1M on July 29 and 3.7M on July 30 after a stabbing, as rioters used chat apps, up from a ~2.7M average in early 2024  —  Messaging service, known for ‘hands off’ approach to content moderation, faces pressure to tackle extremist groups
Bloomberg:
Microsoft and Palantir partner to sell government cloud and AI tools, such as GPT-4, to US defense and intel agencies; Palantir plans to add its tools to Azure  —  Microsoft Corp. and Palantir Technologies Inc. are combining their government cloud-computing and artificial intelligence tools …
John Liu / New York Times:
Interviews with 12 TSMC staff detail ongoing culture clashes in Arizona, as well as Japan and Germany; about 50% of the 2,200 Phoenix workers came from Taiwan  —  The Taiwan Semiconductor Manufacturing Company facility in Phoenix.Cassidy Araiza for The New York Times
CJ Fairfield / CRN:
Tampa-based Rewst, which provides robotic process automation services, raised a $45M Series C led by Sapphire Ventures, bringing its total raised to $104M  —  'I don't think we're ever done when it comes to improving the platform.  I think it can continue to get better year over year …
Katie Roof / Bloomberg:
Flyr, which provides software to travel companies, raised $225M in equity and $70M in debt, source says at a $900M valuation, bringing its total raised to $500M  —  Investors valued the startup at $900 million in its latest funding round. … The deal, led by WestCap, values the startup at $900 million …
More: Skift

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 2:50 PM ET, August 8, 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

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

Charlotte Tobitt / Press Gazette:
An interview with WSJ EIC Emma Tucker on increasing digital-only subscriptions by 30% to 4.29M since 2023, culture change, events, print, AI tools, and more

Reuters:
Australia says it will ban gambling ads featuring celebrities and limit online gambling ads to logged-in users over 18 starting in 2027

More News

Drew Harwell / Washington Post:
A look at AI age scanners, which websites use to verify a person's age by analyzing their facial patterns and contours via webcam to help safeguard kids online
Axios:
Anduril Industries raised a $1.5B Series F co-led by Founders Fund and Sands Capital at a $14B valuation, up from ~$8.5B after raising ~$1.5B in December 2022
Lauren Feiner / The Verge:
A group of VCs, including Reid Hoffman and Ron Conway, hosted a “VCs for Kamala” Zoom call to support Harris' campaign with up to 600 attendees, raising $150K

Earlier Picks

Patrick Clark / Bloomberg:
Zillow names COO Jeremy Wacksman as CEO, replacing Rich Barton, who is stepping down to become co-executive chair; Zillow reported Q2 earnings topping estimates
RTÉ:
Ireland's DPC launches High Court proceedings against X over concerns about how the company processes EU and EEA user data to train AI systems, including Grok
Nicholas Sutrich / Android Central:
Meta closes Ready at Dawn Studios, acquired in June 2020 and which produced VR games like Lone Echo and Echo VR, to meet Reality Labs' new budgetary ceiling
Türkiye Today:
Turkey bans Roblox, after blocking Instagram on August 2; a Turkish official said the ban was primarily related to sexual content that could lead to child abuse
Chris Dolmetsch / Bloomberg:
A US judge orders Ripple to pay a $125M penalty for selling XRP to institutional investors, well below the almost $2B the SEC sought in the case; XRP jumps 20%+
Bill Peters / MarketWatch:
Robinhood reports Q2 revenue up 40% YoY to $682M, vs. $640M est., crypto transaction revenue up 161% to $81M, and net income of $188M, up from $25M in Q2 2023
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