Techmeme
October 18, 2021, 9:30 AM

Top News

Wall Street Journal:
Internal documents: Facebook's AI has minimal success enforcing its rules against problematic content, including removing an estimated 3%-5% of hate speech  —  AI has only minimal success in removing hate speech, violent images and other problem content, according to internal company reports
Kim Lyons / The Verge:
Facebook disputes WSJ report, saying the prevalence of hate speech on the platform dropped by 50% over the past three years to about 0.05% of content viewed  —  The Wall Street Journal said in a new report that Facebook's AI is not consistently successful at removing objectionable content
Juli Clover / MacRumors:
What to expect from Apple's Unleashed event on Monday: 14-inch and 16-inch MacBook Pros with mini-LED, AirPods 3, redesigned Mac mini, and macOS Monterey launch  —  Apple's first fall event of 2021 focused on the iPhone and the Apple Watch, but the second, set to be held on Monday, October 18, is expected to be Mac-centric.
Mark Gurman / Bloomberg:
A Mac developer says new MacBook Pro chips named M1 Pro and M1 Max appeared in app logs; sources: MacBook Pros will regain MagSafe and may lose the Touch Bar  —  This is the free version of Power On.  If you like it, consider subscribing to Bloomberg.com—you'll receive this newsletter several hours earlier …
New York Times:
NYSE says ProShares will launch an exchange-traded fund (ETF) linked to Bitcoin futures, giving investors exposure without having to hold bitcoin directly  —  An exchange-traded fund tied to the cryptocurrency is set to begin trading on the New York Stock Exchange, a milestone for the industry.
Patrick McGee / Financial Times:
Analysis: Apple Search Ads now account for 58% of iOS app installs from an ad click, up from 17% a year ago; Apple to earn $5B from its ads business in FY 2021  —  iPhone maker's share of mobile app advertising market has tripled in six months  —  Apple's advertising business has more than tripled …
Reuters:
Five US House Judiciary committee members write to Amazon accusing executives of either misleading Congress or lying about promoting its brands above rivals  —  Five members of the U.S. House Judiciary committee wrote to Amazon.com Inc's chief executive Sunday, and accused the company's top executives …
Catalin Cimpanu / The Record:
In an SEC filing, Sinclair confirms it suffered a ransomware attack that disrupted its channels on Sunday; Sinclair initially blamed technical issues  —  Sinclair formally confirmed the ransomware attack a day after this initial report in SEC documents.  Original reporting below.
Cynthia O'Murchu / Financial Times:
Nine UK schools to start taking payments for lunches by scanning students' faces, claiming that the system speeds up queues and is more COVID-safe  —  Advocates say they speed up queues, but privacy campaigners query whether they are necessary  —  Facial recognition computers have found …

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Christopher Mims / Wall Street Journal:
Connie Guglielmo / CNET:
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