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May 19, 2023, 5:05 PM
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WeSmirchTop News
| Lia Haberman / ICYMI: |
Meta briefed some creators on Instagram's decentralized text-based app that may launch in June 2023 with a Twitter-like design, Mastodon compatibility, and more — Meta's hosting secret meetings with select creators to share details — [a sneak peek at Instagram's new text-based app]
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The Verge, Bloomberg, TechCrunch, Gizmodo, 9to5Mac, Engadget, Reuters, Neowin, Business Post, Android Central, WeRSM, BGR, BigTechWire, WinBuzzer, iPhone in Canada Blog, PetaPixel, and Pixel Envy
Mastodon:
@rodhilton@mastodon.social, @noracodes@tenforward.social, @trochee@dair-community.social, and @tchambers@indieweb.social
Tweets:
@liahaberman, @liahaberman, @gregbensinger, @liahaberman, @lamag, @mattnavarra, @sarahfrier, @mattmday, @smacula, @liahaberman, @mathewi, @danprimack, @sarahfrier, @liahaberman, @michaelsayman, @marvelle, @jcpunongbayan, @michaelguimarin, @kevincollier, @alex__ha12, @goofrider, @lionvestgroup, @martinsfp, and @mattnavarra
| Jiyoung Sohn / Wall Street Journal: |
Sources: Samsung suspends an internal review into replacing Google with Bing as its mobile devices' default search engine, citing business relations with Google — Samsung Electronics suspends internal review that contemplated changing its smartphones' default search engine from Google to Microsoft's Bing
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ZDNet, Android Police, 9to5Google, Reuters, Ars Technica, Windows Central, Android Central, Pocket-lint, The Information, Techaeris, SlashGear, SamMobile, iPhone in Canada Blog, Phandroid, Thurrott, PCMag, WinBuzzer, Neowin, Wccftech, AppleInsider, Techlusive, Android Authority, and Barron's Online
| Wall Street Journal: |
Sources: Apple restricts the internal use of ChatGPT, GitHub Copilot, and other external AI tools due to concerns about potential leaks of confidential data — The iPhone maker is concerned workers could release confidential data as it develops its own similar technology
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Reuters, TechCrunch, Ars Technica, The Register, Fortune, Insider, The Verge, 9to5Mac, Forbes, SiliconANGLE, CIO Dive, Computerworld, Gizchina, ITPro, Gizmodo, Digital Trends, Cryptopolitan, ZDNet, Inside Bitcoins, MobileSyrup, iMore, New York Post, MacRumors, TechCrunch, Newser, Tech.co, Mashable, Coinspeaker, PCMag, BGR, Tom's Hardware, WinBuzzer, Laptop Mag, MacDailyNews, Cult of Mac, Tom's Guide, Metaverse Post, TechRadar, Cointelegraph, Engadget, PhoneArena, Wccftech, Neowin, The Messenger, AppleInsider, The Information, and Techlusive
LinkedIn:
Rehan Farooq and Thomas Clavel
Tweets:
@markgurman, @bhwags, @ourielohayon, @allnick, and @sundeep
| Mike Masnick / Techdirt: |
A look at SCOTUS' Gonzalez v. Google and Twitter v. Taamneh rulings and why Justice Thomas' explanation for Section 230's existence bodes well for the internet — Our long national wait for how the Supreme Court would rule regarding Section 230 is over, and the answer is... we need to keep waiting.| Chance Miller / 9to5Mac: |
Apple shares its first App Store Transparency Report, listing app rejections, government requests, and more, as part of a settlement in a 2021 developer lawsuit — Earlier this week, Apple shared an in-depth look at how the App Store helped prevent fraud and protect developers and customers alike.
More:
Apple, AppleInsider, The Verge, MacRumors, and iPhone in Canada Blog
| Financial Times: |
Sources: top shareholder SoftBank demanded compensation from Revolut after UK regulators told the startup to simplify its ownership to obtain a banking license — Minister to meet payment group's bosses amid fears UK's biggest tech group will leave the country
More:
Telegraph, Benzinga, The Block, Blockworks, Crypto Daily, Crowdfund Insider, Coinspeaker, AltFi, and Finextra
LinkedIn:
Alan Vaksman and Maarten Ectors
Tweets:
@bondhack and @alexh_johnson
| Jon Fingas / Engadget: |
Hyundai agrees to settle with ~9M US Hyundai and Kia owners for $200M, after hundreds of car thefts inspired by the viral “Kia Challenge” on TikTok in mid-2022 — Most of the money from the settlement will go toward compensating theft victims. — Hyundai is putting …
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Ars Technica, Reuters, The Verge, Associated Press, kiamedia.com, NPR, Mashable, MobileSyrup, BGR, Quartz, The Hill, and The Messenger
| Cory Weinberg / The Information: |
Source: Instacart generated ~$740M in 2022 ad revenue, up 30% YoY; nearly 30% of the company's 2022 revenue came from its ads unit, which launched in 2019 — Instacart has become an advertising powerhouse. — The grocery-delivery firm's ad revenue totaled about $740 million last year …
More:
Search Engine Land. LinkedIn:
Alexis Ohanian Sr. Tweets:
@tanayj, @amir, @coryweinberg, @patio11, and @teddypowday
| Byron Kaye / Reuters: |
The Australian Securities Exchange no longer plans to try to rebuild its software using blockchain, after “pausing” seven years of development in November 2022 — Australia's stock market operator said it will no longer attempt to rebuild its software platform with blockchain-based technology …
More:
Decrypt, Cointelegraph, Inside Bitcoins, CryptoGlobe, Bitcoinist.com, and Cryptonews. Tweets:
@paleofuture
| Financial Times: |
Sources: days after Linda Yaccarino's appointment, media agency GroupM tells its clients that Twitter is no longer “high risk”, a designation from November 2022 — WPP-owned GroupM removed designation of platform after appointment of Linda Yaccarino
More:
Axios, The Verge, Silicon Republic, The Information, and Reuters
Tweets:
@ivanthek, @titterdaily, @pt, @1liners, @mikeelgan, @jason_kint, @goldengateblond, and @carlquintanilla
| Wall Street Journal: |
Sources: Apollo Global Management and Fortress Investment Group are each investing ~$50M in competing groups that aim to restart Celsius under new management — Investors that buy and turn around downtrodden companies have largely shunned crypto — Two Wall Street heavyweights are locked …
More:
Inside Bitcoins, Cryptonews, 24/7 Wall St., Ethereum World News, and PYMNTS.com
| Ezra Marcus / Grub Street: |
Restaurant chefs are increasingly designing food that plays well on video for influencers on TikTok, Instagram Reels, and YouTube that market to young diners — The most important social-media food genre of the past decade is photos of avocado toast, bright and colorful and clean.| Ingrid Lunden / TechCrunch: |
Restaurant365, which sells restaurant management software, raised $135M led by KKR and L Catterton at a $1B+ valuation, bringing its total funding to $288M — The price of food continues to go up and up, but surprisingly that hasn't (yet?) played out as pressure on the wider restaurant industry.| Alex Konrad / Forbes: |
Jeff Jordan, a16z's fifth general partner who joined in 2011, steps back from active investments but will continue to work on his portfolio and board positions — Longtime Andreessen Horowitz venture capitalist Jeff Jordan is stepping back from active investments.
More:
The Information, Andreessen Horowitz, and Axios
LinkedIn:
Alex Konrad. Tweets:
@chrisfralic, @moorehn, @alexrkonrad, @rahulchandra77, and @anthemos. Thanks:@alexrkonrad
| New York Times: |
Five TikTok creators sue to overturn Montana's law that is set to ban the app on January 1, 2024, arguing the law violates their First Amendment rights and more — A spokeswoman for the state attorney general said that his office had “expected a legal challenge” and was “fully prepared to defend the law.”
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CNN, Reuters, Wall Street Journal, Fortune, Reuters, SC Media, AppleInsider, Engadget, Associated Press, Ars Technica, NBC News, The Verge, Techdirt, MacDailyNews, NPR, Axios, Neowin, Washington Post, Wired, Quartz, PCMag, 9to5Mac, The Guardian, CNN, Reason, Newser, TIME, Tech Xplore, ACLU, Digital Trends, The Guardian, Bloomberg, Politico, Forbes, GCN, NetChoice, and Game Rant
Tweets:
@b_fung and @evan_greer
| Harry McCracken / Fast Company: |
A look at Apple's Personal Voice, an accessibility feature that lets ALS patients digitize their voices on an iPhone, iPad, or Mac, set to arrive later in 2023 — Among the many challenges people living with amyotrophic lateral sclerosis (ALS) face is its impact on their speech.
More:
Tech News Outlet, 9to5Mac, MacStories, and iDownloadBlog.com
LinkedIn:
Eric Schlakman. Tweets:
@harrymccracken, @pjgreen, @wholemarsblog, @steven_aquino, @creative_rants, and @steven_aquino. Thanks:@technologizer
Sponsor Posts
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Sources:
Tobi Lütke on the AI agent revolution and future of Shopify
Candid conversations with the leaders shaping what's next in AI and the broader tech industry. Hosted by Alex Heath, who has covered Silicon Valley for more than a decade.
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Big Technology Podcast:
This AI Expert Argues We're Underestimating AI's Productivity Impact — With Ethan Mollick
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Machine Gods:
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Training Data:
European Defense Sovereignty Starts in the Factory: Stark's Uwe Horstmann and Johannes Schaback
Sequoia Capital partners host conversations with leading AI builders and researchers to develop a deeper understanding of the evolving technologies and their implications.
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Cheeky Pint:
The airline CEO putting Starlink on every plane
Stripe cofounder John Collison interviews founders, builders, and leaders over a pint.
Subscribe to Cheeky Pint.
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