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December 7, 2022, 12:10 AM
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Top News

Mark Gurman / Bloomberg:
Sources: Apple reins in its ambitious self-driving plans for its electric vehicle, delayed to 2026, now with a steering wheel, pedals, and highway-only autonomy  —  Apple Inc. has scaled back ambitious self-driving plans for its future electric vehicle and postponed the car's target launch date …
Financial Times:
A spreadsheet SBF used in November lists nearly 500 alleged VC investments by Alameda, including in Circle, Genesis, Sky Mavis, Paxos, StarkWare, and Anchorage  —  A look inside Sam and Caroline's grab-bag of crypto, etc.  —  As well as running a crypto exchange that didn't exchange crypto …
Matt Levine / Bloomberg:
Unpacking the 2022 crypto credit crisis and its parallels with the 2008 financial crisis by analyzing Three Arrows Capital's collapse, FTX's implosion, and more
Joshua Oliver / Financial Times:
Filing: US bank Silvergate confirms processing wire transfers for traders on Alameda, claiming to have conducted “extensive due diligence” on FTX and Alameda
Kif Leswing / CNBC:
Apple, AMD, and Nvidia have all indicated plans to buy chips from TSMC's planned Arizona fabs  —  - Apple CEO Tim Cook spoke at an event in Arizona on Tuesday, ahead of remarks expected by President Joe Biden later in the day, where Cook confirmed Apple will buy chips built in the U.S.
Financial Times:
TSMC plans to more than triple its Arizona investment to $40B, building a fab for 3nm chips, set to open in 2026, and making 4nm chips in its fab for 5nm chips
Aaron Holmes / The Information:
Sources: Microsoft recently considered building a “super app” that would combine shopping, messaging, search, news, and other services, inspired by WeChat  —  Microsoft recently considered building a “super app” that could combine shopping, messaging, web search …
Paul Sawers / TechCrunch:
Loft Dynamics, which makes a VR training simulator for helicopter pilots, has raised $20M in a round led by Craft Ventures, Sky Dayton, and Up Partners  —  Loft Dynamics, a Swiss startup creating virtual reality (VR) simulation technology for helicopter pilots, has raised $20 million in funding …
Steven Levy / Wired:
A look at Tony Fadell's new Ledger Stax crypto hardware wallet with an E Ink touchscreen, manufactured by Foxconn for Ledger and debuting on December 6 for $279  —  The product guru made Ledger's new hardware wallet—a tiny vault for digital cash—flashy and fun.  Plus, with this gadget you'll never get FTX'd.
Adi Robertson / The Verge:
Meta's Oversight Board releases a report on the controversial cross-check moderation system, citing “shortcomings” and calling for “radically” more transparency  —  Meta's Oversight Board has released an in-depth report on Facebook and Instagram's controversial cross-check system …
Josh Eidelson / Bloomberg:
The NLRB finds that Apple illegally interfered with union organizing in Atlanta by interrogating workers, making them attend anti-union meetings, and more  —  US labor board prosecutors have determined that Apple Inc. violated federal law by interrogating and coercing employees in Atlanta …
Shannon Liao / Washington Post:
Microsoft signs a 10-year deal to bring Call of Duty to Nintendo platforms for the first time, pending FTC approval of its Activision Blizzard acquisition  —  Microsoft has signed a deal to bring the Activision Blizzard-published Call of Duty franchise to Nintendo for the first time …
Tim Hardwick / MacRumors:
Apple launches its Self Service Repair program in Belgium, France, Germany, Italy, Poland, Spain, Sweden, and the UK, the first expansion outside the US  —  Apple today announced it has launched its self-service repair program in Europe, extending the program beyond the United States for the first time.
Sergiu Gatlan / BleepingComputer:
Rackspace confirms a ransomware attack is behind an ongoing outage to its hosted Microsoft Exchange services but says its other products are fully operational  —  Texas-based cloud computing provider Rackspace has confirmed today that a ransomware attack is behind its ongoing Hosted Exchange outage.
Nilesh Christopher / Rest of World:
How, in two years, JioMart grew to fulfill 600K grocery deliveries per day in 260 Indian cities, via WhatsApp integration and using Dunzo for last-mile delivery  —  In its first Diwali season, JioMart's daily sales grew by 2.5 times, with the company managing to shed its grocery-only image.
Sam Schechner / Wall Street Journal:
Sources: EU privacy regulators rule that Meta's TOS should not require that users agree to personalized ads based on their online activity; Meta can appeal  —  EU privacy regulators say Facebook and Instagram shouldn't use their terms of service to require users to accept ads based on their digital activity
McKinsey & Company:
A survey finds that while 50% of businesses have adopted AI in 2022, 2.5x higher than in 2017, AI adoption has plateaued between 50%-60% for the past few years  —  Adoption has more than doubled since 2017, though the proportion of organizations using AI 1 has plateaued between 50 and 60 percent for the past few years.
Byron Kaye / Reuters:
An Australian court fined Uber A$21M for threatening cancellation fees it never charged and overstating fare estimates on some rides; ACCC sought a A$26M fine  —  An Australian court fined Uber Technologies Inc (UBER.N) A$21 million ($14 million) on Wednesday for threatening cancellation fees …
Bill Toulas / BleepingComputer:
Russia's second-largest bank, VTB, is hit with a large DDoS attack causing its apps and website to go offline; “IT Army of Ukraine” claims credit for the attack  —  Russia's second-largest financial institution VTB Bank says it is facing the worse cyberattack in its history …
Cristiano Lima / Washington Post:
US Congress omits the Journalism Competition and Preservation Act from the defense spending bill, amid intense pushback from industry and advocacy groups  —  Facebook threatened to block news in the U.S. over the measure, which was under consideration as part of a defense package

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 12:10 AM ET, December 7, 2022.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

From Mediagazer

Elle Griffin / The Elysian:
Penguin vs. DOJ transcripts: top publishing houses spend most of their money on book advances for big celebrities like Britney Spears and franchise authors

Sara Fischer / Axios:
Puck hires veteran journalist and TV commentator John Heilemann as its chief political columnist and partner, as the outlet expands its presence in Washington

Amy Graff / SFGATE:
KQED, a Bay Area NPR and PBS affiliate, is initiating buyouts, and may have layoffs or a hiring freeze; in 2023, revenue hit $90.4M and expenses $100.9M

More News

Mark Gurman / Bloomberg:
Apple changes App Store pricing to range from $0.29 to $10K, from $0.49 to $999.99, starting with subscription apps; top 100 prices require Apple's approval
Wall Street Journal:
Sources: the US-TikTok national security deal faces further delays as US officials fret over the app's risks; both sides agree Oracle will host TikTok's US data

Earlier Picks

Sam Kessler / CoinDesk:
After criticism from users, ConsenSys revises MetaMask's data collection practices, including stopping logging IP addresses directly alongside transaction data
Tom Warren / The Verge:
YouTube begins rolling out Twitch-like YouTube Emotes, available in the emoji picker across comment sections and live chats, initially focused on gaming
Brad Smith / Wall Street Journal:
Microsoft's president discusses the FTC reportedly blocking the Activision Blizzard acquisition and says the company offered Sony a 10-year Call of Duty deal
Jon Porter / The Verge:
Google brings continuous scrolling to desktop search in English in the US, loading six pages of results, after a similar change on mobile in October 2021
Reuters:
Goldman Sachs plans to spend tens of millions of dollars to buy or invest in crypto companies after FTX's collapse hit valuations and dampened investor interest
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