May 31, 2023, 9:20 PM

Top News

Amazon's Ring agrees to pay $5.8M to settle FTC allegations that until 2017, Ring gave employees and third-party contractors full access to every customer video  — Inc. agreed to pay $30.8 million to resolve two cases brought by the Federal Trade Commission Wednesday related to privacy lapses by its smart devices.
Natasha Singer / New York Times:
Amazon agrees to pay $25M to settle FTC and DOJ charges over the company keeping Alexa voice recordings and geolocation data collected from children for years  —  Regulators said the tech giant kept children's Alexa voice recordings “forever,” violating a children's privacy law.
Michael McSweeney / The Block:
Crypto bridging protocol Multichain says it suspended service for multiple chains after being unable to contact its CEO to get server access amid tech problems  —  - Multichain, the cross-chain protocol, confirmed Wednesday that the team is unable to contact its chief executive amid ongoing technology problems.
Sarah Perez / TechCrunch:
Apple touts an Analysis Group study saying its App Store ecosystem generated $1.1T in 2022, up 29% YoY; $910B came from the sale of physical goods and services  —  Ahead of Apple's Worldwide Developer Conference next week, the company is offering an update on its app ecosystem with the release …
Andy Greenberg / Wired:
Eclypsium: a firmware flaw in 271 Gigabyte motherboards could let hackers install malware when the PC restarts; Gigabyte plans a fix, but problems could persist  —  Hidden code in hundreds of models of Gigabyte motherboards invisibly and insecurely downloads programs—a feature ripe for abuse, researchers say.
Mark Gurman / Bloomberg:
Sources: Apple is testing two new high-end Macs, one with M2 Max, and the other with the unannounced M2 Ultra chip with 60 graphics cores and up to 192GB of RAM  —  Apple Inc. is testing a pair of new high-end Macs and their accompanying processors ahead of its Worldwide Developers Conference next week …
Juli Clover / MacRumors:
Reddit client Apollo's developer says Reddit plans to charge $12K for 50M API requests and that he would need to pay $20M per year to keep operating the app  —  Popular Reddit app Apollo might not be able to operate as is in the future due to planned API pricing that Reddit is implementing.
Cynthia Littleton / Variety:
Activision CEO Bobby Kotick says he was humbled and outraged by toxic workplace culture claims and blames “outside forces” for most of Activision's image issues  —  Bobby Kotick has a secret: He was ready to buy Time Warner a few years ago.The CEO of Activision Blizzard drops …
Ernesto Van der Sar / TorrentFreak:
Torrent site RARBG, founded in 2008, shuts down and stops all its content releases, citing COVID-related health problems, Russia's war in Ukraine, and inflation  —  Founded in 2008, RARBG evolved to become a key player in the torrent ecosystem.  —  The site didn't only attract millions …
Jordan Novet / CNBC:
Mia Sato / The Verge:
A profile of AMD CEO Lisa Su, who orchestrated one of the great tech turnarounds after her 2014 takeover, as the company attempts to take Nvidia's AI chip crown  —  AMD's CEO orchestrated one of the great turnarounds in Silicon Valley history, driving the dying semiconductor maker's stock price up nearly 30-fold in less than a decade.
Leah Nylen / Bloomberg:
Meta asks a US federal court to block the FTC's attempt on May 3 to change the 2020's $5B privacy settlement, which the FTC alleges the company has violated  —  Meta Platforms Inc. is asking a federal court to bar the Federal Trade Commission from moving forward with an agency proceeding to revise its 2020 privacy settlement.
Priya Anand / Bloomberg:
An investigation into Papa, a TaskRabbit-like service for seniors that has raised ~$240M, finds dozens of allegations of harassment, assault, theft, and more  —  If you've been to an annual open enrollment fair in the past few years, you may have noticed a new eldercare benefit with the unusual name of Papa.
Michael del Castillo / Forbes:
An interview with reclusive Bitcoin programmer @Fiatjaf on building the Nostr protocol to offer an alternative to Twitter and other centralized social media  —  Disenchanted with social media options like Twitter, the reclusive Bitcoin programmer tells Forbes how he designed his chat …
Oliver Whang / New York Times:
A look at the BabyLM Challenge, which asks teams to create language models using datasets less than one-ten-thousandth the size of those used by advanced LLMs  —  Teaching fewer words to large language models might help them sound more human.  —  When it comes to artificial intelligence chatbots, bigger is typically better.

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