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Techmeme
October 17, 2024, 9:45 AM
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Financial Times:
Sources: last week, Meta fired ~24 staff in LA for using $25 meal credits to buy household items, as it restructures WhatsApp, Instagram, and Reality Labs teams  —  The terminations took place last week, just days before the $1.5tn social media company separately began restructuring certain …
Emma Roth / The Verge:
The US FTC adopts its final “click-to-cancel” rule requiring businesses to make canceling a subscription as easy as signing up, after proposing the rule in 2023  —  The US Federal Trade Commission is taking action against subscriptions that are difficult to get rid of.
Jane Lanhee Lee / Bloomberg:
TSMC reports Q3 revenue up 39% YoY to ~$23.6B and net income up 54.2% YoY to ~$10.1B, both above estimates, boosted by strong sales of Nvidia AI chips  —  From AGI to GPT, an AI Glossary You Can Actually Understand … Hello World … Quicktake
Joseph Menn / Washington Post:
The US charges two Sudanese brothers with running Anonymous Sudan, a cyberattack-for-hire gang allegedly responsible for 35,000 DDoS attacks in a single year  —  Government says two brothers targeted big U.S. corporations, a hospital and an Israeli defense system in a mostly ideologically driven operation.
Financial Times:
Sources: Uber has explored a possible bid for Expedia as it seeks to grow into a super app; Expedia, valued at nearly $20B, would be Uber's largest acquisition  —  Buying the travel website would be the ride-hailing group's biggest deal as it looks to diversify
Washington Post:
Instagram rolls out new settings to fight sextortion, like hiding teens' follower lists from potential blackmailers; Meta says the crime is becoming more common  —  Scammers are targeting teens by getting hold of their intimate photos.  —  Instagram says it's rolling out a suite of new settings …
Mark Gurman / Bloomberg:
Apple's first chief people officer, Carol Surface, who joined in early 2023, is leaving; retail chief Deirdre O'Brien is reassuming oversight of human resources  —  - Carol Surface joined Apple from Medtronic in 2023 for new role  — The short tenure for a senior executive is rare at Apple
The Verge:
Filing: Google asks the US 9th Circuit for an emergency stay on the Epic ruling, saying the short time it was given to make Play Store changes risks user safety  —  The company says the imminent deadline to implement changes gives it little time to try to mitigate ‘serious risks.’
Kevin Purdy / Ars Technica:
Winamp owner Llama Group deletes the GitHub repository of the legacy player's source code posted on September 24, following criticism on the way it was released  —  Winamp, through its Belgian owner Llama Group, posted the source for its “Legacy Player Code” on September 24 so that developers could …
Financial Times:
How machine learning could have transformative effects on Africa's developing economies and societies, as some critics worry over a deepening digital divide  —  Machine learning could have transformative effects on developing economies and societies.  But some fear a deepening digital divide
Reuters:
Robinhood launches its long-awaited desktop platform Robinhood Legend, and plans to add futures and index options trading to its mobile app in the coming months  —  Robinhood (HOOD.O) launched its long-awaited desktop platform and added futures and index options trading features to its mobile app …
Diana Olick / CNBC:
Amazon signs three deals to help develop small modular nuclear reactors in the US, with Amazon's Climate Pledge Fund leading a $500M Series C-1 for X-energy  —  Amazon Web Services is investing more than $500 million in nuclear power, announcing three projects from Virginia to Washington state.
Ryan Browne / CNBC:
Accel expects 2024 VC funding for cloud startups in the US, Europe, and Israel to rise 27% YoY to $79.2B, with 40% of the money going to generative AI startups  —  Generative artificial intelligence startups are getting 40% of all the venture capital funding that flows into cloud companies, according to venture investors Accel.
More: Accel, Accel, Accel, Reuters, Benzinga, and Tech Startups
X: @ryan_browne_ and @pbotteri.  LinkedIn: Accel
Sarah Perez / TechCrunch:
Apple expands Apple Business Connect to let businesses, including those without a physical location, manage their presence in Mail, Phone, and Tap to Pay  —  Apple on Wednesday announced an expanded series of tools that will allow businesses to increase their visibility on Apple's platforms via its free service, Apple Business Connect.
Jay Peters / The Verge:
Amazon discontinues the Kindle Oasis, which was the only Kindle still available with physical page-turn buttons, introduced in 2016 and last refreshed in 2019  —  Amazon has discontinued the Kindle Oasis, which was the only Kindle still available with physical page-turn buttons.
Sheena Vasani / The Verge:
Amazon updates Kindle Paperwhite, adding a larger, brighter 7" display and faster page turns for $160+, and Kindle, adding color options and speed improvements
Jessie Yeung / CNN:
Hong Kong police arrested 24+ members of an alleged pig butchering crime ring, which they say used deepfake AI to lure its victims across Asia and raked in $46M  —  Hong Kong CNN —  She appeared to be a beautiful woman and in the minds of men across Asia, the video calls they spoke on confirmed their newfound love was real.
Lawrence Abrams / BleepingComputer:
Brazilian authorities have arrested a hacker, known as USDoD, who they allege is linked to breaches of National Public Data, the FBI's InfraGard, and others  —  A notorious hacker named USDoD, who is linked to the National Public Data and InfraGard breaches, has been arrested …

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This is a Techmeme archive page. It shows how the site appeared at 9:45 AM ET, October 17, 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

Financial Times:
The High Court in London rules against Prince Harry and six other claimants in the privacy lawsuit against Daily Mail publisher Associated Newspapers

Ted Johnson / Deadline:
In a filing, ABC says the FCC has targeted daytime and late-night TV the administration doesn't like while “leaving untouched the vast landscape of talk radio”

Alice Brooker / Press Gazette:
Sky's ITV deal sees ITV's 40% stake in news producer ITN split equally between Sky and ITV Studios; Sky says ITV News and Sky News will stay distinct until 2030

More News

Google Online Security Blog:
Google projects the number of reported Android memory safety flaws to be 36 by the end of 2024, down from 220+ in 2019, after adopting memory safety in new code

Earlier Picks

Chester Dawson / Bloomberg:
Boston Dynamics and Toyota Research Institute partner to speed up development of humanoid robots using TRI's large behavior models and Boston Dynamics' Atlas
RT Watson / The Block:
Crypto derivatives exchange Bitnomial raised $25M led by Ripple and launches Botanical, a futures trading platform in the US currently in closed beta
Kyle Wiggers / TechCrunch:
Mistral releases Les Ministraux AI models in 3B and 8B sizes with 128K context windows, aimed at on-device translation, internet-less smart assistants, and more
Natasha Lomas / TechCrunch:
The EU declines to designate X as a DMA gatekeeper after an investigation found that “X is not an important gateway for business users to reach end users”
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