Techmeme
August 14, 2022, 7:50 PM

Top News

Emma Roth / The Verge:
Uber plans to end its free loyalty program Uber Rewards on November 1, 2022, to focus on its new Uber One membership program for $10 per month or $100 per year  —  You have until October 31st to spend your leftover Uber Rewards points  —  Uber is ending its free loyalty program, Uber Rewards …
Yogita Khatri / The Block:
Dutch authorities arrest a Tornado Cash developer suspected of involvement in concealing money laundering, two days after the US sanctioned the crypto mixer  —  - The Tornado Cash developer arrested by Dutch authorities on Wednesday is Alexey Pertsev, his wife has confirmed to The Block.
Mark Gurman / Bloomberg:
Sources: Apple ads team lead Todd Teresi is now reporting directly to Eddy Cue and wants to increase the group's ad revenues from $4B a year to double digits  —  Apple is set to expand ads to new areas of your iPhone and iPad in search of its next big revenue driver.
Salvador Rodriguez / Wall Street Journal:
Kyle Wiggers / TechCrunch:
Stable Diffusion, a DALL-E 2-like system now available to 1K+ researchers, raises tricky ethical questions by allowing depictions of public figures and more  —  DALL-E 2, OpenAI's powerful text-to-image AI system, can create photos in the style of cartoonists, 19th century daguerreotypists, stop-motion animators and more.
Freddy Brewster / Los Angeles Times:
A look at Sam Bankman-Fried's US lobbying to make the CFTC, not the SEC, oversee crypto markets and change how commodity futures markets operate in the US  —  In May, an eccentric 30-year-old cryptocurrency billionaire named Sam Bankman-Fried made a startling proclamation.
Chris Metinko / Crunchbase News:
Brooklyn-based Overtime, which shares original sports content on social media, raised a $100M Series D at a $500M valuation, bringing its total funding to $250M  —  Sports league startup Overtime closed a $100 million Series D valuing the company at $500 million.
Kyle Wiggers / TechCrunch:
New York City-based Kumospace, which offers video chat and remote work tools with a “virtual office” feel, has raised a $21M Series A led by Lightspeed  —  After more than two years of remote work, many employees have no interest in returning to the office — at least not without good reason.
Wall Street Journal:

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