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Techmeme
February 12, 2023, 10:35 PM
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Top News

Emma Roth / The Verge:
Opera is testing a new ChatGPT-powered “shorten” feature in its browser's sidebar that generates bulleted summaries of the webpage or article being viewed  —  The feature, called “shorten,” is part of the company's broader plans to integrate AI tools into its browser, similar to what Microsoft's doing with Edge.
Wall Street Journal:
Sources: the SEC told Paxos the agency plans to sue the crypto firm, alleging the Binance USD stablecoin that Paxos issues and lists is an unregistered security  —  The agency has been intensifying its enforcement of major crypto players  —  The Securities and Exchange Commission …
Financial Times:
Sources: Meta delayed finalizing multiple teams' budgets while preparing a fresh round of job cuts, slowing down projects even for the metaverse and advertising  —  Mark Zuckerberg's aim of wrestling costs in his ‘year of efficiency’ causes disruption at the social media company
Mark Gurman / Bloomberg:
Inside Apple's push to build new financial services, which have suffered from engineering and technical setbacks, leading to slow progress and missed deadlines  —  Apple's slate of new financial services — including “buy now, pay later” offerings, savings accounts and an iPhone subscription program — have hit delays.
Steve Nadis / Quanta Magazine:
A look at “liquid” neural nets, which change their underlying algorithms based on observed inputs, making them more flexible than standard ML neural networks  —  “Liquid” neural nets, based on a worm's nervous system, can transform their underlying algorithms on the fly, giving them unprecedented speed and adaptability.
Tiffany Hsu / New York Times:
How a slowing digital ad market, Apple's ATT changes, tech companies' internal turmoil, weak content moderation, and more are contributing to a junk ad epidemic  —  Scrolling past ads has rarely been enjoyable.  But in recent months, people say the experience seems so much worse.
Wall Street Journal:
IDC: ByteDance's Pico more than tripled its share of the global VR market YoY to ~15% by Q3 2022 while Meta's share fell from 90% to ~75% in the same period  —  Pico, owned by ByteDance, has increased shipments of VR headsets as it attempts to compete with Meta's Quest 2  —  How TikTok Could Become a U.S. Company
Jennifer Elias / CNBC:
Google staff criticize company leadership over the Bard announcement, calling the unveiling “botched”, “myopic”, and “un-Googley” on the internal forum Memegen  —  - Google employees took to Memegen this week, filling the message repository with criticisms …
Charlotte Van Campenhout / Reuters:
An advertising joint venture by Deutsche Telekom, Orange, Telefonica, and Vodafone to rival Meta and Google wins unconditional EU antitrust approval  —  Deutsche Telekom (DTEGn.DE), Orange (ORAN.PA), Telefonica (TEF.MC) and Vodafone (VOD.L) on Friday secured unconditional EU antitrust approval …
Clare Duffy / CNN:
Pathmatics estimates the monthly revenue from Twitter's top 1,000 advertisers fell 60%+ from around $127M in October 2022 to just over $48M by January 25, 2023  —  New York CNN —  —  More than half of Twitter's top 1,000 advertisers in September were no longer spending on the platform …
Jonathan Vanian / CNBC:
Meta's ad targeting restrictions and Amazon's ad product investments are leading brands to shift their budgets to Amazon; Amazon's ad unit grew 19% YoY in Q4  —  - Facebook's more limited targeted capabilities coupled with Amazon's investment in ads products is leading a growing number of brands to shift their ad budgets.

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 10:35 PM ET, February 12, 2023.

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

Ali Swenson / Associated Press:
New media sites on the left have found growing audiences; Drop Site News co-founder Ryan Grim says his two-year-old site has 800K free and 60K paid subscribers

The Scottish Beacon:
In an open letter, the Scottish Beacon calls on the Scottish government to create a local news fund, invest in public ads, and fund journalism placements

Emma Madden / Wired:
Some journalists and novelists are adopting an “anti-AI” style with intentional typos and complex sentences, as publications are flooded with AI submissions

More News

Louise Matsakis / Semafor:
Sources: TikTok's Internal Audit team that spied on journalists had wide investigative powers with little oversight; ByteDance says it's restructuring the team
Antonio Olivo / Washington Post:
Some local legislators and residents in Northern Virginia, home to ~275 data centers with dozens more planned, complain of land use, cooling fan noise, and more

Earlier Picks

Benedict Evans:
A 2023 overview of macro tech trends, focusing on the e-commerce slowdown, layoffs, Amazon, advertising, and generative AI opportunities beyond text and images
Jonathan Greig / The Record:
The City of Oakland confirms reports of a ransomware attack on its networks but says that 911, financial data, and fire and emergency resources weren't impacted
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