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June 17, 2021, 2:15 PM
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Top News

Joe Weisenthal / Bloomberg:
Mark Cuban calls for stablecoin regulation, after trading Iron Finance's algorithmic stablecoin DeFi Titanium, which then crashed from $60 to $0 in a day  —  Here's a chart you never want to see.  It's of the DeFi Titanium token, which in one day went from being valued around $60 to $0.
Bloomberg:
Wise, previously known as TransferWise, plans to go public on the LSE via a direct listing, the first company to choose an alternative listing in the UK  —  - Founders, employees get extra voting rights for limited time  — Direct listings are becoming more popular among U.S. startups
Salvador Rodriguez / CNBC:
Facebook says it will begin testing ads on Oculus headsets, starting with the shooter game Blaston, and won't use data stored on devices to target ads  —  - Facebook on Wednesday announced that it will begin testing advertisements that will appear within the company's Oculus virtual reality headsets.
Jack Nicas / New York Times:
Profile of Doug Guthrie, an advocate for doing business in China who advised Apple from 2014-2019, as he now warns of the risks of China's nationalist turn  —  Doug Guthrie, once one of America's leading China bulls, rang the alarm on doing business there.  He spoke about his time at Apple.
Elias Saba / AFTVnews:
Amazon Appstore unveils a new program that reduces its share of developer revenue from 30% to 20% for developers earning less than $1M per year, starting in Q4  —  The Amazon Appstore has announced that it will be reducing its cut of developer revenue from 30% to 20% for developers that earn less than $1 million in revenue per year.
Stephen Shankland / CNET:
Google says it is funding a project to increase Linux security by writing parts of the operating system's core in Rust  —  Google said Thursday it's funding a project to increase Linux security by writing parts of the operating system's core in the Rust programming language …
More: TechRadar and Phoronix
Tweets: @stshank, @stshank, and @stshank.  Thanks:@stshank
Mike Butcher / TechCrunch:
Akur8, which uses AI to automate insurance claims, raises $30M Series B, bringing its total raised to $42M  —  Automating insurance claims is a big business, and the world of AI is coming at it ‘full pelt’.  The latest is Akur8, an insurtech automating insurance platform whose ‘Transparent AI’ product …
Jordan Novet / CNBC:
Microsoft has named CEO Satya Nadella as chair of its board, replacing independent director John Thompson who succeeded Bill Gates as chair in 2014  —  - Satya Nadella, Microsoft's CEO, is becoming the software company's chair, after running the company for seven years, when he replaced Steve Ballmer.
Kyle Wiggers / VentureBeat:
UserLeap, which builds AI tools to give product managers user insights in real time, raises $38M Series B from a16z and others  —  Elevate your enterprise data technology and strategy at Transform 2021.  —  UserLeap, a platform for AI-powered, continuous research for product teams …
Liza Lin / Wall Street Journal:
Leaked memo: ByteDance says its annual revenue in 2020 grew 111% YoY to $34.3B, while gross profit rose 93% YoY to $19B  —  ByteDance's gross profit rose 93% to $19 billion last year, according to a memo to staff  —  ByteDance Ltd., the owner of popular short-video app TikTok …
Washington Post:
The recent surge in ransomware attacks has upended the cyber insurance industry, increasing costs and requirements just as more companies need it  —  Cyber insurance carriers are raising premiums and limiting coverage in the face of severe ransomware attacks, just as organizations are clamoring for more protection
Ashley Carman / The Verge:
Snap launches Creative Kit for Spotlight, which will let developers put their apps inside Snapchat's TikTok rival Spotlight  —  Ride the wave of virality for downloads  —  Snapchat is making it easier for developers to use viral content to directly promote their apps.
Sarah Krouse / The Information:
Sources: Google is developing a conversational AI product, known internally as Tivoli, which aims to teach foreign languages through Google Search  —  Google CEO Sundar Pichai last month previewed an artificial intelligence model that he said would enable people to have open-ended conversations with technology.
Reuters:
At the summit, Biden told Putin that certain critical infrastructure should be “off-limits” to cyberattacks; Putin agreed to “begin consultations” on the issue  —  U.S. President Joe Biden told Russian President Vladimir Putin on Wednesday that certain critical infrastructure …

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 2:15 PM ET, June 17, 2021.

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

David Ingram / NBC News:
Hyundai says it is pausing ads on X, after one ad appeared next to antisemitic and pro-Nazi content; the ad appeared on a user profile that had 55K+ followers

New York Times:
Sources: Sony Pictures Entertainment and Apollo discussed a joint all-cash offer for Paramount, which is still in an exclusive negotiation window with Skydance

Sara Fischer / Axios:
CalMatters, a nonprofit focused on CA politics and policy, acquires tech news nonprofit The Markup; CalMatters has ~$12.5M in funding and The Markup has $5M

More News

Nilesh Christopher / Rest of World:
Experts say India's courts, not India's government, have power to decide whether Twitter should keep its safe harbor protections in India under new IT rules

Earlier Picks

Igor Bonifacic / Engadget:
In Xbox's June update, Microsoft adds a Stories-like feature to the Xbox mobile app and rolls out text-to-speech and speech-to-text accessibility features
James Vincent / The Verge:
Facebook launches a new suite of tools for admins of Groups, including AI-powered Conflict Alerts that identify “contentious or unhealthy conversations”
Dieter Bohn / The Verge:
After years of pop-up experiments, Google says its first retail store, located in the Chelsea neighborhood of NYC, will open on June 17
Lauren Feiner / CNBC:
Waymo raises $2.5B from Alphabet, a16z, Tiger Global, and others, to advance its autonomous driving tech and grow its team
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