Techmeme
August 13, 2021, 2:50 AM

Top News

Reuters:
Sources: Apple employees have sent 800+ Slack messages on an internal channel debating the company's plans to scan US iPhones, iPads, and computers for CSAM  —  A backlash over Apple's move to scan U.S. customer phones and computers for child sex abuse images has grown to include employees speaking …
Lorenzo Franceschi-Bicchierai / VICE:
Nvidia says part of its April keynote was led by a virtual replica of CEO Jensen Huang, created by scanning Huang and then training an AI to mimic his gestures  —  Nvidia pulled off a stunt to promote and showcase its latest technology by digitizing its CEO Jensen Huang in a conference keynote.
Jason Schreier / Bloomberg:
In an internal memo, Amazon drops guidelines that claimed ownership rights to video games made by staff after work hours, following criticism from developers  —  - Memo from Game Studios chief suggests rules were too broad  — Company previously claimed rights to games made outside work
Felix Salmon / Axios:
Circle announces intention to become a bank, fully regulated by Federal Reserve, OCC, and FDIC, which could make USDC a de facto central bank digital currency  —  Crypto giant Circle has announced its intention to become a bank, fully regulated by the Federal Reserve, the Office of the Comptroller of the Currency, and the FDIC.
Naman Ramachandran / Variety:
UK's CMA says it has provisionally found that Facebook's Giphy acquisition could negatively impact competition, such as by denying competitors access to GIFs  —  The merger of social media giant Facebook and Giphy, the largest provider of GIFs, has run into a roadblock from the U.K.'s Competition and Markets Authority (CMA).
Bloomberg:
Facebook delays its office reopenings in the US until January 2022; Facebook originally hoped for 50% office capacity by September and 100% by October  —  - Company originally planned to have employees back by October  — Facebook will also require vaccinations for U.S. staff members
Kevin Roose / New York Times:
A look at community NFT projects like Pudgy Penguins, which have become a new kind of financial and social status symbol on the internet  —  Is this what the metaverse looks like?  —  Earlier this week, I got attacked by penguins.  —  Not real ones, mind you.
Sarah Perez / TechCrunch:
Disney+ beats Q3 subscriber estimates, reaching 116M subscribers vs. 114.5M expected; ESPN+ subscribers rose 75% YoY to 14.9M, Hulu grew 21% YoY to 42.8M  —  Disney's streaming service is seeing improved growth, after initially seeing slower numbers of subscriber additions in Q2 as Covid lockdowns and mask mandates came to an end.
Mike Isaac / New York Times:
Reddit raises $410M+ led by Fidelity Investments at a $10B+ valuation, up from $6B six months ago when it raised $250M; the new round could reach ~$700M  —  Reddit, the virtual town square of the consumer internet, has raised a fresh $410 million in funding, valuing it at more than $10 billion, the company said on Thursday.
Salvador Rodriguez / CNBC:
Airbnb reports Q2 revenue of $1.34B, up nearly 300% YoY, with Gross Booking Value of $13.4B, up 320% YoY, and net loss of $68M, down 88% YoY  —  - Airbnb beat Wall Street's expectations for revenue and bookings in the second quarter, but the company warned about expected volatility from the Covid delta variant.
Maia Szalavitz / Wired:
Researchers say algorithms like NarxCare, which are used to identify a patient's risk of misusing opioids, may be actually worsening the US opioid crisis  —  A sweeping drug addiction risk algorithm has become central to how the US handles the opioid crisis.  It may only be making the crisis worse.
Sarah Perez / TechCrunch:
TikTok details upcoming protections for users aged 13 to 17, including turning in-app messaging off by default and changes to notifications  —  TikTok today becomes the latest tech company to roll out increased protections for minors on its platform in the wake of increased regulatory scrutiny.
KrASIA:
XtalPi, which uses AI for drug discovery and development, raises $400M Series D led by OrbiMed and RRJ, at a valuation of over $2B  —  The company provides its AI technology to pharmaceutical companies to enhance R&D for new drugs.  —  AI pharmaceutical company XtalPi secured USD 400 million …
David Ramli / Bloomberg:
Innovusion Holdings, which develops lidar systems, raises $66M Series B plus round, bringing its total raised to $180M  —  - Supplier to auto-makers completes Series B plus round  — Financing led by Guotai Junan International, Shunwei Capital  —  Innovusion Holdings Ltd …
Joseph Cox / VICE:
Google says it banned location data company SafeGraph in early June, meaning apps using SafeGuard location SDK had to remove it  —  SafeGraph sells smartphone location data to essentially anyone.  Google banned the company in June.  —  Joseph Cox  —  Google has banned SafeGraph …

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More News

Andrew Deck / Rest of World:
Joseph Cox / VICE:
Li Jin / Li's Newsletter:
Lizette Chapman / Bloomberg:

Earlier Picks

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CNBC:
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