Techmeme
July 30, 2021, 10:00 PM

Top News

Stephanie Bodoni / Bloomberg:
In a filing, Amazon disclosed EU privacy regulators fined the company a record $888M for violating GDPR data storage rules in a July 16 decision  —  - Luxembourg watchdog wields new powers with highest data fine  — Fine follows probe based on complaint by French privacy group
Amazon.com, Inc.:
Natalie Wolchover / Quanta Magazine:
Physicists say they used Google's quantum computer to demo a time crystal, which forever cycles between states without consuming energy, for the first time  —  Like a perpetual motion machine, a time crystal forever cycles between states without consuming energy.
Russ Mitchell / Los Angeles Times:
New book claims Elon Musk demanded to be made Apple CEO during Tesla buyout talks in 2016, before Tim Cook cursed and hung up; Musk says he never spoke to Cook  —  Power Play: Tesla, Elon Musk, and the Bet of the Century  —  If you buy books linked on our site, The Times may earn a commission …
Reuters:
SEC has stopped processing IPO and other registrations by Chinese companies as it crafts guidance for companies about the risks they face in China  —  (Reuters) - The U.S. Securities and Exchange Commission (SEC) has stopped processing registrations of U.S. initial public offerings (IPOs) …
Dan Wang / Foreign Affairs:
Stephen Shankland / CNET:
Twitter offers bug bounty of up to $3,500 to spot bias in its photo cropping algorithm, which was shown to favor white people over Black people  —  Twitter has a new way to rid itself of artificial intelligence bias: pay outsiders to help it find problems.  On Friday, the short-message app …
Tim Perry / HTTP Toolkit:
Safari's extremely slow pace in adopting popular features and fixing showstopping bugs, and refusal to engage with contentious API proposals, is harming the web  —  There's been a lot of discussion recently about how “Safari is the new IE” (1, 2, 3, 4, 5).  —  I don't want to rehash …
Tom Wilson / Reuters:
Amid regulatory pressure, Binance says it will wind down its futures and derivatives products in Germany, Italy, and the Netherlands  —  Major cryptocurrency exchange Binance said on Friday it would wind down its futures and derivatives products offerings across Europe, a move that comes after unprecedented pressure from regulators.
Eric Seufert / @eric_seufert:
[Thread] Facebook's future prospects remain strong as the secular rise of digital advertising blunts any headwinds from regulators, Apple, critics, and others  —  My takeaway from $FB earnings: Facebook will inevitably become the most important company in the lives of most people on Earth for the next 20-30 years. I don't see any credible, extant mechanism that can constrain its growth (1/X)
Davey Alba / New York Times:
A look at the development of an Amazon warehouse in Windsor, CT, where the discovery of multiple nooses on site raises questions about Amazon's responsibilities  —  The discovery of multiple nooses has set off heated debates about the responsibility of companies and the ability of workers to speak their mind.
Chaim Gartenberg / The Verge:
A look at Intel's dismal 2020, which saw the delay of its 7nm architecture, Apple's switch to Arm-based chips, and the departure of Jim Keller and other execs  —  In the summer of 2020 Intel seemed poised for triumph.  Then it all went wrong.  “To put it briefly: Intel blew it,” …
Kurt Schlosser / GeekWire:
Wyze Labs, which makes devices like smart security cameras, robot vacuums, and smartwatches, raises $110M Series B led by Marcy Venture Partners  —  Smart-home device maker Wyze Labs has raised $110 million in new funding, GeekWire learned on Friday, boosting the Kirkland …
Thanks:@cskuhlman

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