Techmeme
June 3, 2022, 3:30 PM

Top News

Kyle Wiggers / TechCrunch:
Amazon says Dave Clark, CEO of its Worldwide Consumer division, will step down after 23 years with the company; his last day in the office will be July 1, 2022  —  Amazon today announced that Dave Clark, CEO of the company's worldwide consumer division, will step down after 23 years in the position.
Emma Fletcher / Federal Trade Commission:
More than 46,000 people have reported losing $1B+ to crypto scams from January 1, 2021 through March 31, 2022, about 25% of all losses reported to the FTC  —  From Super Bowl ads to Bitcoin ATMs, cryptocurrency seems to be everywhere lately.  Although it's yet to become a mainstream payment method …
CoinDesk:
The New York State Senate passes a bill to ban crypto mining powered by carbon-based sources for two years; the governor now needs to sign the bill or veto it  —  The state Assembly had already passed the bill, which would bar new mining operations powered by carbon-based energy sources for two years.
Russell Brandom / The Verge:
The New York State Assembly passes the first right-to-repair bill in the US covering electronics; Governor Kathy Hochul is expected to sign the measure  —  ‘Repairs should become less expensive and more comprehensive’ because of the new measure, says iFixit
Washington Post:
A House and Senate bipartisan data privacy bill would let users opt out of targeted ads and sue internet companies that improperly sell their data, and more  —  Considered a step forward, the proposal still doesn't have support of some key members  —  A bipartisan group of legislators …
Wall Street Journal:
Sources: Sandberg left Meta feeling burned out and amid an internal probe into her activities, including using corporate resources to plan her wedding  —  One of the world's most powerful executives became increasingly burned out and disconnected from the mega-business she was instrumental in building.
Taylor Lorenz / Washington Post:
Creators who focused on the Johnny Depp vs. Amber Heard trial made thousands of dollars through platform incentives, influencing public opinion in the process  —  Influencers discovered there's money and clout to be made in covering breaking news  —  When the verdict came …
Insider:
Sources: Facebook is developing a “basic ads” product that uses metrics like engagement and video views instead of using anonymized personal info from users  —  - Meta's Facebook is early in developing a “basic ads” product as privacy changes limit its targeting abilities.
Edward Ongweso Jr / VICE:
Masayoshi Son failed to use SoftBank's Vision Fund to build a society mediated by AI, as he invested in firms that leverage exploitative, not explorative, tech  —  Masayoshi Son used SoftBank and its $100 billion Vision Fund to remake the world in its image.  It's not a pleasant picture.

Sponsor Posts

Command Line:
Bringing local models and sandboxed tools to Windows and GitHub Copilot  —  GitHub Copilot will soon determine when a task is best handled by on-device AI and when it needs cloud-scale models.
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Featured Podcasts

Sources:
Qualcomm's CEO on the coming AI phone supercycle
Candid conversations with the leaders shaping what's next in AI and the broader tech industry. Hosted by Alex Heath, who has covered Silicon Valley for more than a decade.
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The Upstarts Podcast:
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Great Chat:
The launch industrial complex
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Can AI Keep Growing Exponentially? Let's Ask SemiAnalysis — With Dylan Patel and Jordan Nanos
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Channels with Peter Kafka:
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Google's AI Infrastructure Chief, Amin Vahdat, on the Physics & Economics of Frontier AI
Sequoia Capital partners host conversations with leading AI builders and researchers to develop a deeper understanding of the evolving technologies and their implications.
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More News

Rebecca Bellan / TechCrunch:
Simon Sharwood / The Register:

Earlier Picks

Mark Gurman / Bloomberg:
Anushree Dave / The Block:
Mark Gurman / Bloomberg:
Todd Bishop / GeekWire:
Nikhilesh De / CoinDesk: