Techmeme
December 7, 2022, 8:10 PM

Top News

Wall Street Journal:
Apple plans to launch Advanced Data Protection, offering E2EE on iCloud backups, Notes, Photos, and more, in the US in 2022 and globally including China in 2023  —  ‘Advanced Data Protection’ will offer end-to-end encryption on iCloud backups, Notes, Photos and other services—a step that may draw ire from law enforcement
Lily Hay Newman / Wired:
Apple won't launch its CSAM detection tool for iCloud photos, instead focusing its anti-CSAM efforts on the Communication Safety features launched in 2021  —  The company plans to expand its Communication Safety features, which aim to disrupt the sharing of child sexual abuse material at the source.
Chance Miller / 9to5Mac:
Shawna Chen / Axios:
Texas bans the use of TikTok on government-issued devices, becoming the fourth GOP-led state to do so, following South Dakota, South Carolina, and Maryland  —  A growing number of GOP-led states are barring state employees and contractors from using TikTok on government-issued devices …
Mary Ann Azevedo / TechCrunch:
Plaid lays off approximately 260 employees, or 20% of its workforce, citing macroeconomic conditions; the company was valued at ~$13.4B in April 2021  —  CEO says the fintech company ‘hired and invested ahead of revenue growth’  —  Fintech decacorn Plaid is laying off 260 employees …
Shannon Liao / Washington Post:
Microsoft agrees to a 10-year deal to bring Call of Duty to Nintendo Switch for the first time, pending FTC approval of its Activision deal, but offers no date  —  Microsoft has signed a deal to bring the Activision Blizzard-published Call of Duty franchise to Nintendo for the first time …
Financial Times:
Sources: FTX reached late stage negotiations with Taylor Swift for a $100M+ sponsorship deal, supported by Swift fan SBF but opposed by some FTX executives  —  Negotiations between singer-songwriter and Sam Bankman-Fried's crytpo group collapsed this spring
Kalley Huang / New York Times:
Sources: seeking to capitalize on the Twitter chaos, Meta brainstormed product ideas in November like expanding Instagram Notes and building a text-focused app  —  New start-ups and other social platforms sense opportunity as Twitter grapples with changes from Elon Musk, its new owner.
William Turton / Bloomberg:
Tim Culpan / Bloomberg:
Despite Joe Biden and Tim Cook celebrating TSMC's long-planned Arizona fabs, the tech will be old and the capacity small, a far cry from US chip independence  —  President Joe Biden is so proud of Taiwan Semiconductor Manufacturing Co.'s new facility that he went to Arizona to celebrate it.
Alexandra Bruell / Wall Street Journal:
Sources: The Washington Post is exploring a spinoff or sale of its Arc XP publishing tool, which has ~250 staff globally and may generate $200M+ in ARR by 2027  —  Company has embraced digital experimentation under tech-billionaire owner; spinoff of Arc business also possible
Tom Warren / The Verge:
Microsoft launches Discord-like communities in Teams for Android and iOS, letting users organize groups with its calendar, meeting, and chat features for free  —  Microsoft is launching a new communities feature for Microsoft Teams today, designed for consumers to use the best parts of Teams free …
Aisha Malik / TechCrunch:
Instagram debuts transparency tools to let users with professional accounts, like businesses and creators, know if their content is ineligible to be recommended  —  Instagram announced today that it's introducing new transparency tools so you can see whether your photos and videos are recommended in the app.
Adam James / The Block:
Auditing firm Mazars says Binance's bitcoin reserves have a 101% collateralization ratio, after doing a proof-of-reserves and proof-of-liabilities verification  —  - Mazars concluded that Binance's bitcoin reserves are fully collateralized, following a proof-of-reserves and proof-of-liabilities verification.
Andrew Romero / 9to5Google:
Telegram partners with Fragment to let users create an anonymous phone number to join the service, removing the need for a SIM card, and adds security features  —  For years, apps like Telegram and Whatsapp have restricted access to users who could sign up using a SIM card and phone number.
New York Times:
Sources: US prosecutors are probing whether Sam Bankman-Fried manipulated the market for TerraUSD and LUNA, triggering the cryptocurrencies' collapse in May  —  Federal prosecutors are investigating whether Sam Bankman-Fried and his hedge fund orchestrated trades in a way that led to the collapse of two cryptocurrencies in May.
Faiz Siddiqui / Washington Post:
Twitter ads from ~40 major brands including Amazon, Snap, and Uber appeared on the pages of at least two white nationalists, whose accounts Elon Musk restored  —  Ads from dozens of major brands were appearing on white nationalist and extremist accounts  — Ads for more than three dozen …
Wall Street Journal:
How tensions grew between Salesforce co-CEOs Marc Benioff and Bret Taylor for months; sources: Benioff was frustrated about how Taylor was spending his time  —  Exit of Bret Taylor from role he has shared for about a year wasn't long planned  —  The Tech Sector Is Taking a Beating.  Here's Why.
David Pierce / The Verge:
Snap says it has over 300,000 developers building AR products for Snap and that it is working with creators to build lenses that include buyable digital goods  —  Augmented reality isn't really a thing yet.  But you know what is?  Face lenses.  Millions of users across Snapchat, Instagram …
More: dot.LA
Jordan Novet / CNBC:
The Pentagon awards Amazon, Google, Microsoft, and Oracle a cloud-computing contract of up to $9B each through 2028 under the Joint Warfighting Cloud Capability  —  - Of the four companies receiving cloud-computing contracts from the Pentagon, all of them had received requests for bids from the U.S. federal agency last year.
Mark Matousek / The Information:
Sources: the SEC is investigating whether messaging app IRL misled investors; IRL raised $170M from SoftBank's Vision Fund 2 at a $1.17B valuation in June 2021  —  The Securities and Exchange Commission has been investigating whether SoftBank-backed messaging app IRL violated securities laws …
Matt Day / Bloomberg:
Washington DC AG Karl Racine sues Amazon for allegedly withholding user tips from its Amazon Flex delivery drivers for two years, citing a 2021 FTC settlement  —  Washington DC's attorney general is suing Amazon.com Inc., seeking civil penalties for allegedly misleading consumers who thought …
Parmy Olson / Bloomberg:
OpenAI's ChatGPT could be a serious threat for Google, offering quick, clear, and comprehensive answers to difficult questions that require no further searches  —  A new chatbot from OpenAI took the internet by storm this week, dashing off poems, screenplays and essay answers that were plastered …
David McCabe / New York Times:
As the FTC prepares to test a novel argument to challenge Meta's $400M Within acquisition, officials expect a loss could push Congress to rewrite antitrust laws  —  As the Federal Trade Commission prepares to face off in court against Meta over a V.R. start-up deal, the agency is testing …

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