Techmeme
October 23, 2019, 1:20 PM

Top News

Cade Metz / New York Times:
Google claims “quantum supremacy” breakthrough: its quantum computer performed a mathematical calculation at a speed inconceivable with today's technology  —  SAN FRANCISCO — Google said on Wednesday that it had achieved a long-sought breakthrough called “quantum supremacy,” …
IBM Research Blog:
IBM says Google's experiment is an excellent demo of quantum computing progress, but not proof that quantum computers are “supreme” over classical computers  —  Quantum computers are starting to approach the limit of classical simulation and it is important that we continue …
Financial Services Committee / YouTube:
Livestream of Mark Zuckerberg's testimony before the House Financial Services Committee on the Libra cryptocurrency  —  Wednesday, October 23, 2019 (10:00 AM) —Hearing: “ An Examination of Facebook and Its Impact on the Financial Services and Housing Sectors” Connect with the House Financial …
Salvador Rodriguez / CNBC:
CNBC:
WeWork says SoftBank will provide $5B in new financing and buy up to $3B in shares from existing shareholders, which would give SoftBank an 80% stake in WeWork  —  - CNBC's David Faber previously reported that SoftBank was seeking to take control of WeWork through a financing package.
Joseph Cox / VICE:
Leaked presentation shows Comcast is lobbying US lawmakers against Google and Mozilla's plan to encrypt DNS data, making it harder for ISPs to track users  —  Motherboard has obtained a leaked presentation internet service providers are using to try and lobby lawmakers against a form of encrypted browsing data.
Ferris Jabr / New York Times:
A deep dive into the debate surrounding video game addiction, as the scientific understanding of what it means to be addicted continues to evolve  —  The latest research suggests it's not far-fetched at all — especially when you consider all the societal and cultural factors that make today's games so attractive.
Makena Kelly / The Verge:
US lawmakers debut a bipartisan bill that would force tech giants to make user data portable and interoperable via an API-like interface for secure transfers  —  Mark Zuckerberg wants his own apps to be interoperable, but not like this  —  Over the past few months, lawmakers have taken aim at Big Tech …
Wall Street Journal:
Investigation: Amazon sells cheap clothes made in dozens of Bangladeshi factories, most of which are deemed too dangerous for workers by other big retailers  —  After a deadly 2013 factory collapse, most big U.S. apparel companies agreed to steer clear of dangerous plants in Bangladesh.  Not Amazon.
New York Times:
Researchers: China's state sponsored hackers have switched tactics over the last few years, focusing increasingly sophisticated attacks on its ethnic minorities  —  SAN FRANCISCO — China's state-sponsored hackers have drastically changed how they operate over the last three years …
Grady McGregor / Fortune:
Profile of Colin Yao, head of Tencent's game development subsidiary TiMi Studios, responsible for building some of the most played games in China  —  Colin Yao, head of Tencent's largest in-house game developer TiMi Studios, exudes a warm and reserved confidence, yet he is clearly antsy …
Josh Constine / TechCrunch:
Snap reports it added 7M DAUs in Q3 to hit 210M, up 13% YoY, revenue of $446M, up 50% YoY, and a net loss of $227M, down from $325M a year ago  —  The Snap-back continues.  Snapchat blew past earnings expectations for a big beat in Q3, as it added 7 million daily active users this quarter to hit 210 million, up 13% year-over-year.

Sponsor Posts

Smartsheet:
Direct listing or IPO: What's the difference?  —  What's the best way to take a company public?  Recently a few larger, well-known brands, notably Spotify and Slack, have opted for the direct listing.  Read more.
Zoho:
Bulk Update the Accounts of Your Transactions in Two Simple Steps |  Zoho Books  —  After introducing Budgets in Zoho Books, we are back with yet another feature to help accountants stay audit-ready by fixing incorrect transactions in a matter of seconds.
Google Cloud:
What does the future of cloud computing hold  —  and what does this mean for businesses?  We looked at the data, talked to luminaries, and listened to customers across the world.  Here's what they said.
Intel:
Here's how Intel is powering breakthrough research in astronomy, medicine, AI and beyond  —  Fastest supercomputer in academia - Frontera, is based on 2nd generation Intel® Xeon® Scalable processors.
Mattermost:
How is Mattermost different from Slack?  —  Learn why Mattermost is the #1 open source Slack alternative.

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Earlier Picks

Natalie Gagliordi / ZDNet:
Drew Harwell / Washington Post:
Conor Dougherty / New York Times:
Tony Romm / Washington Post: