| Liv McMahon / BBC: |
The UK proposes an amendment to the Crime and Policing Bill that would let “authorized testers” proactively assess AI models for their ability to generate CSAM — The UK government will allow tech firms and child safety charities to proactively test artificial intelligence tools … | Catarina Demony / Reuters: |
The UK proposes laws to protect public services from cyberattacks, including regulating companies providing services to private and public sector organizations — Britain plans to strengthen its public services' defences against cyberattacks, requiring companies that provide services … | Financial Times: |
Google files a lawsuit in the SDNY against China-based hackers who it says run the Lighthouse platform for “phishing services”, ensnaring 1M and stealing $1B+ — Tech giant aims to dismantle the ‘Lighthouse Enterprise’, which it claims has tricked 1mn victims out of $1bn| Rebecca Bellan / TechCrunch: |
Fei-Fei Li's World Labs launches Marble, its first world model to let users turn prompts, photos, and other media into editable 3D environments, after a beta — World Labs, the startup founded by AI pioneer Fei-Fei Li, is launching its first commercial world model product.| Robert Hart / The Verge: |
Google unveils Private AI Compute, a cloud platform providing a “secure, fortified space” to run AI tools on devices, similar to Apple's Private Cloud Compute — Google says Private AI Compute maintains privacy while tapping cloud resources.| Chris Bryant / Bloomberg: |
Michael Burry's warning that hyperscalers are underestimating AI chip depreciation shows that tech investors may have forgotten how much depreciation can hurt — Costing tens of thousands of dollars each, Nvidia Corp.'s pioneering AI chips make up a hefty chunk of the $400 billion … | Washington Post: |
An analysis of 47,000 publicly shared ChatGPT conversations: ~10% related to emotional or mental health, ChatGPT exhibits a “default to yes” behavior, and more — The questions flood in from every corner of the human psyche. “What are permanent hair removal solutions?”| CNBC: |
Foxconn reports Q3 revenue up 11% YoY to ~$66.3B, matching est., net profit up 17% YoY to ~$1.86B, vs. $1.63B est., and expects Q4 results to “remain favorable” — Foxconn, the world's largest contract electronics maker, said Wednesday that its third-quarter profit jumped 17% … | Bloomberg: |
China says the December 2020 theft of 127,272 bitcoin, now worth ~$13B, from Chinese mining pool LuBian is likely a “state-level hacker operation” led by the US — China's cybersecurity agency accused the American government of orchestrating the theft about $13 billion worth of Bitcoin … | Financial Times: |
Sources: software-focused PE firm Vista plans significant workforce cuts in the coming years as it uses AI to compile presentations, aggregate data, and more — Software-focused buyout shop will use technology to trim roles making investor presentations and aggregate data| Nikou Asgari / Financial Times: |
Kraken co-CEO Arjun Sethi criticizes UK crypto promotion rules, which require clear risk warnings, saying they hinder retail investors by slowing fund movement — Arjun Sethi says users are hindered by dire warnings and hurdles that slow down transactions — The head of crypto exchange Kraken … | Jaspreet Singh / Reuters: |
Deezer-Ipsos survey of 9,000 music listeners in eight countries: 97% can't distinguish AI-generated music, 73% support clear labelling of AI tracks, and more — A staggering 97% of listeners cannot distinguish between artificial intelligence-generated and human-composed songs … | Wall Street Journal: |
Sources: the Chinese government is intervening in how SMIC distributes its chip output for AI, prioritizing Huawei amid US export restrictions on advanced chips — Shortages of advanced AI chips are so acute that Beijing is intervening and tech companies are resorting to workarounds| Ari Levy / CNBC: |
Coinbase plans to move its incorporation from Delaware to Texas, saying Delaware “once provided companies with consistency” but now has “unpredictable outcomes” — Coinbase is following Tesla out of Delaware and into Texas. — Paul Grewal, Coinbase's chief legal officer … | Natalie Lung / Bloomberg: |
Airbnb plans to launch a three-month pilot on January 5 to let guests order groceries via Instacart within its app for rentals in Phoenix, Orlando, and LA — Airbnb Inc. is testing a new service with Instacart that will let guests at some US rentals order groceries through the home-sharing app ahead of and during their stay.| Ivan Mehta / TechCrunch: |
Google unveils new Pixel phone features, including AI-based notification summaries, notification prioritization, and Gemini Nano-powered photo edits in Messages — Google announced its November software update for Pixel phones, called Pixel Drop — a quarterly feature release that brings … | Elyse Betters Picaro / ZDNET: |
| Reuters: |
Circle reports Q3 revenue up 66% YoY to $739.8M, USDC in Circulation at quarter end up 108% YoY to $73.7B, and net income up 202% YoY to $214M; CRCL drops 5%+ — Circle (CRCL.N) topped Wall Street estimates for third-quarter profit on Wednesday, driven by higher reserve income amid rising USDC circulation … | James Hunt / The Block: |
SoFi debuts SoFi Crypto, saying it is the first nationally chartered bank in the US to offer consumers BTC, ETH, and other crypto trading, rolling out in phases — - SoFi has launched SoFi Crypto to offer crypto trading for consumers, the first directly integrated crypto offering under its national bank charter.| Adam Leventhal / The Athletic: |
Amazon says it is rolling out a tougher approach to combat illegal sports streaming on Fire TV Stick devices, aiming to block apps that stream pirated content — Amazon is rolling out a tougher approach to combat illegal streaming, with the United States-based tech company aiming … | Jagmeet Singh / TechCrunch: |
Indian investment app Groww raised ~$748M in its Indian IPO, closing up 29% and giving it a ~$9B market cap; Groww is the first Indian YC-backed startup to IPO — Indian online brokerage platform Groww's IPO on Wednesday proved to be the largest listing by an Indian fintech so far this year … | Karmela Padavic-Callaghan / New Scientist: |
IBM unveils two quantum computers, Loon and Nighthawk, that it says feature unprecedented qubit connectivity designs aiming to enable error-free computations — IBM revealed two new quantum computers, called Loon and Nighthawk - the qubits they use are connected in newly intricate ways … | Jacob Gu / Bloomberg: |
JD.com says it had record sales during China's Singles' Day event, without giving transaction values, despite Chinese deflation; Alibaba hasn't released data — One of China's biggest e-commerce platforms said it generated record sales during the country's massive annual online shopping gala … | Financial Times: |
Sony unveils a cheaper, Japan-only PlayStation 5 Digital Edition for ~$350, a ~25% discount, following a similar move by Nintendo with the Switch 2 — Sony is launching a cut-price model of its flagship PlayStation 5 to be sold only in Japan, in an inflation-busting move to boost sales … | Steve Dent / Engadget: |
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Protecting your Cloud Applications Data — Backing up Office 365, Google Workspace, Dropbox & Box data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.
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