Techmeme
September 6, 2021, 5:50 PM

Top News

Mark Gurman / Bloomberg:
Sources: Apple Watch Series 7 will be announced alongside the new iPhone, but production issues may cause the new models to ship late or in limited quantities  —  This is the free version of Power On.  If you like it, consider subscribing to Bloomberg.com — you'll receive …
TechCrunch:
ProtonMail is under fire for disclosing a French activist's IP address to Swiss authorities; ProtonMail had claimed to only log IPs in “extreme criminal cases”  —  ProtonMail, a hosted email service with a focus on end-to-end encrypted communications, has been facing criticism …
New York Times:
Analysis: mining bitcoin uses 91 TW/h of electricity annually, ~0.5% of all electricity consumed globally or 7x Google's total usage, and grew 10x in five years  —  In 2009, you could mine one Bitcoin using a setup like this in your living room.  —  ↓  —  ↓
Kathryn Dill / Wall Street Journal:
Harvard study details how automated hiring systems, now used by 99% of Fortune 500 companies, exclude 10M+ qualified workers in the US from hiring discussions  —  Automated-hiring systems are excluding many people from job discussions at a time when additional employees are desperately needed
Catalin Cimpanu / The Record:
Researchers uncover BrakTooth, 16 flaws in Bluetooth firmware in SoC boards used in billions of devices from 11 top vendors that can allow remote code execution  —  A team of security researchers has published details this week about a suite of 16 vulnerabilities that impact the Bluetooth software stack …
Lucas Matney / TechCrunch:
Apple made an unforced error by trying to tackle CSAM and child safety issues without soliciting expert advice while adhering to its annual iOS release schedule  —  Hello friends, and welcome back to Week in Review.  —  Last week, we dove into the truly bizarre machinations of the NFT market.
New York Times:
Regulators rush to catch up with DeFi startups and crypto-backed lenders like BlockFi, which now touts $10B+ in assets, 450K+ clients, and licenses in 28 states  —  The boom in companies offering cryptocurrency loans and high-yield deposit accounts is disrupting the banking industry and leaving regulators scrambling to catch up.
Jordan Novet / CNBC:
Deep dive on AWS, with margin estimates for specific services including S3, EC2, and EBS, as AWS has made up over half of Amazon's operating profit since 2014  —  - Amazon's cloud division doesn't break out gross margins by services, but some outsiders estimate that storage and network offerings could be highly lucrative.
Ingrid Lunden / TechCrunch:
Barcelona-based Factorial, which develops HR software for SMBs, raises $80M led by Tiger Global, sources say at a $530M valuation  —  Factorial, a startup out of Barcelona that has built a platform that lets SMBs run human resources functions with the same kind of tools that typically are used …

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