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Techmeme
November 12, 2024, 11:50 AM
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Top News

Wall Street Journal:
Meta plans to ask Facebook and Instagram users in Europe if they want to get “less personalized ads” and cuts subscription prices by 40%, a concession to the EU  —  Facebook and Instagram owner faces pressure in Europe to ask users before using their data to target ads or train artificial intelligence
Ming-Chi Kuo:
Kuo: Apple schedules production of a smart home IP camera for 2026 and is aiming for 10M+ annual shipments; Goertek will be the exclusive assembly supplier  —  1. Apple is making its first foray into the smart home IP camera market, with mass production scheduled for 2026, targeting annual shipments in the tens of millions.
Tom Warren / The Verge:
Nvidia launches its Nvidia app for Windows, designed to overhaul and replace the GeForce Experience app, after a beta earlier in 2024  —  Nvidia is officially launching its Nvidia app on PC today, designed to overhaul and replace the GeForce Experience app.
Gian Volpicelli / Bloomberg:
The EU notifies Apple of “potentially prohibited geo-blocking practices” on the App Store and other apps, and says it must align with EU anti-geo-blocking rules  —  Alexa's New AI Brain Is Stuck in the Lab … Quicktake
Bloomberg:
SoftBank reports Q2 net income of ~$7.7B and a Vision Fund gain of ~$2.42B, driven by strong Indian IPOs and valuation gains in startups like Coupang and Didi  —  - Tech investor rakes in profit on hot Indian IPO market  — Legacy-conscious founder Masayoshi Son is readying next gamble
Jay Peters / The Verge:
Signal rolls out new call features, including the ability to share a link to a call, emoji reactions, a “raise hand” button, and a dedicated calls history tab  —  Signal is making a bunch of improvements to calls so they are more competitive with Zoom and Google Meet, including the ability to share a link to a call.
Kyle Wiggers / TechCrunch:
New York-based ScaleOps, which offers cloud spend management tools, raised a $58M Series B led by Lightspeed, taking its total funding to $80M  —  Thanks to AI, the appetite for cloud services is growing.  Cloud expenditures more than doubled between 2019 and 2023, and are expected …

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From Mediagazer

Matthew Keys / TheDesk.net:
Five more states join the lawsuit filed last month by eight states seeking to block Nexstar's Tegna acquisition, which Nexstar said the DOJ and FCC approved

Winston Cho / The Hollywood Reporter:
A group of TV consumers sue in federal court in California to block Paramount's acquisition of WBD on antitrust grounds; Paramount says the suit lacks merit

Reporters Without Borders:
RSF Press Freedom Index hits a 25-year low: over 50% of the world's countries fall into the “difficult” or “very serious” categories; Norway holds the top spot

More News

Brian Steinberg / Variety:
Netflix says its ad tier has 70M users globally, up from 40M in May 2024 and 22M in January 2024, and 50%+ of sign-ups are for ad plans in supported countries
Spencer Soper / Bloomberg:
Shopify reports Q3 revenue up 26% YoY to $2.2B, above $2.12B est., GMV up 24% YoY to $69.7B, projects Q4 revenue growth above est.; SHOP jumps 13%+
Jason Koebler / 404 Media:
A look at DeFlock, an open-source project that has crowdsourced the locations of 5,600+ automated license plate reader cameras globally from Flock and others
Financial Times:
Bitcoin passed $89K for the first time, Tesla closed up 8.96%, Coinbase closed up 19.76%, and Robinhood closed up 7.4%, as investors pile into “Trump trades”

Earlier Picks

Olga Kharif / Bloomberg:
Alameda Research co-CEO Sam Trabucco has agreed to hand over a slew of properties, including his yacht, to FTX creditors as part of a November 3 settlement deal
Josh Scott / BetaKit:
Canadian digital bank Neo Financial raised a CA$360M Series D from Shopify CEO Tobi Lütke, Slack co-founder Stewart Butterfield, and others
Reuters:
Ilya Sutskever says “we're back in the age of wonder and discovery” as AI companies focus on pre-training, inference improvements, and finding the “next thing”
Lucia Moses / Business Insider:
The New York Times says the Tech Guild is ending its strike after a weeklong work stoppage; during the strike, dozens of tech workers crossed the picket line
The Information:
Sources: more than a year before the US election, TikTok executives relaxed moderation rules and enforcement to make the app more appealing to Donald Trump fans
Jowi Morales / Tom's Hardware:
LG Display shows off a stretchable display prototype that can expand by up to 50%, more than doubling the previous record of 20% elongation
Emma Roth / The Verge:
iOS 18.2 public beta introduces Share Item Location, letting users share a link with the location of AirTags or Find My accessories with airlines and others
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