Techmeme
October 25, 2022, 4:25 PM

Top News

James Vincent / The Verge:
Shutterstock partners with OpenAI to let users generate stock images using DALL-E 2 “in the coming months” and launches a Contributor Fund to reimburse creators  —  Will AI image generators kill the stock image industry?  It's a question asked by many following the rise of text-to-image AI models in recent years.
Matt Levine / Bloomberg:
An in-depth look at crypto and blockchains: bitcoin and the underlying tech, the uses and meaning, the crypto financial system, and trust, money, and community  —  - What If You Don't Like It?  — Digital Cash  —  Part II  —  What Does It Mean?  — A Store of Value  — A Distributed Computer
Tom Warren / The Verge:
WhatsApp says it has fixed an issue that caused a major outage for the app worldwide, lasting from around 3AM to 5AM ET  —  WhatsApp went down in a major outage affecting the communications app for two hours today.  The service started experiencing issues at around 3AM ET, with users greeted with a “connecting” message.
Daryna Antoniuk / The Record:
Australia's AG unveils plans for tougher online privacy laws after several major data breaches, including increasing fines from AU$2.22M to AU$50M or more  —  Australia plans to strengthen its online privacy laws following several major data breaches, attorney-general Mark Dreyfus said in a statement on Saturday.
Josh Ye / Reuters:
Sources: Microsoft stocks up on Chinese games to emulate Sony's success with Genshin Impact; filings show Microsoft paid $4.8M for Snail Games' ARK and ARK 2  —  Microsoft Corp (MSFT.O) is stocking up on Chinese video game content to emulate Sony Group Corp's (6758.T) success with “Genshin Impact” …
Monica Chin / The Verge:
Microsoft Surface Pro 9 review: a 120Hz display with dynamic refresh, 5G, and a 1080p camera, but pricey without accessories, slow apps, and just two USB ports  —  Exceptional hardware is still marred by incompatibilies … Video calling.  —  After several days of using …
Emily Baker-White / Forbes:
Sources: ByteDance launched audits into TikTok's global CSO Roland Cloutier before he quit, hamstringing his efforts to build a robust security team  —  Roland Cloutier, a U.S. Air Force veteran and former law enforcement officer, stepped down as TikTok's Global Chief Security Officer …
Todd Spangler / Variety:
YouTube's Q3 ad revenue dropped 1.9% YoY to $7.07B, below expectations of $7.42B and marking YouTube's slowest ad growth in at least two years  —  Overall, Alphabet, Google's parent company, also came in below analyst estimates.  The company posted revenue of $69.1 billion and earnings per share of $1.06 for Q3.
Tim Bradshaw / Financial Times:
The UK's FCA starts investigating Apple's, Amazon's, Google's, and Meta's moves into retail financial services over competition and consumer harm concerns  —  Financial Conduct Authority says Silicon Valley's resources might harm competition and disadvantage others
Ivan Mehta / TechCrunch:
Amazon begins letting select US customers pay with Venmo on its site and in its mobile app, with plans to roll out the option to all US shoppers by Black Friday  —  Amazon announced that it will now allow customers to make payments through Venmo on its platform.
Juli Clover / MacRumors:
Apple's new App Store guidelines say that social networking apps that sell “boosts” for posts must use in-app purchases for the transactions  —  With the release of iOS 16.1 and iPadOS 16.1, Apple has updated the App Store review guidelines that are provided to developers who create apps for iPhones and iPads.
Filipe Espósito / 9to5Mac:
Kyle Wiggers / TechCrunch:
Netherlands-based Axelera AI, which is developing AI acceleration cards, systems, and software, raised a $27M Series A led by Innovation Industries  —  Several years ago, Fabrizio Del Maffeo and a core team from Imec, a Belgium-based nanotechnology lab, teamed up with Evangelos Eleftheriou …
Mat Di Salvo / Decrypt:
NEAR Protocol shuts down USN, its stablecoin launched in April 2022, “to safeguard USN holders” after USN exhibited risky characteristics like those of TerraUSD  —  To avoid another LUNA debacle, the undercollateralized USN will be phased out.  —  A stablecoin project …
Darrell Etherington / TechCrunch:
Andrew Cunningham / Ars Technica:

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