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June 1, 2023, 7:45 AM
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WeSmirchTop News
| 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.
More:
Federal Trade Commission, U.S. District Court, Western District of Washington, About Amazon, PCMag, Silicon Republic, CNBC, CNN, Infosecurity, WRAL TechWire, Newser, TechCrunch, Wall Street Journal, VentureBeat, Associated Press, TechHive, BleepingComputer, BBC, The Hill, Washington Post, Gizmodo, Engadget, Music Ally, and Reuters
Tweets:
@ftc, @bedoyaftc, @senmarkey, @leah_nylen, @linakhanftc, @rachelmetz, @digiphile, @linakhanftc, @frankpallone, @swiftstories, and @linakhanftc
| Bloomberg: |
Amazon agrees to pay $5.8M to settle FTC allegations that Ring gave employees and third-party contractors full access to every customer video until 2017 — Amazon.com 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.
More:
Federal Trade Commission, TechCrunch, U.S. District Court, District of Columbia, CyberScoop, The Ring Blog, The Register, Federal Trade Commission, PCMag, Insider, Business Post, Axios, Reuters, Quartz, SecurityWeek, Android Headlines, Neowin, gHacks Technology News, iTnews, Digital Trends, SiliconANGLE, WWLP-TV, GeekWire, Slashdot, The Record, DeviceSecurity.io, VICE, The Verge, PYMNTS.com, Engadget, WebProNews, and AppleInsider
Tweets:
@ftc, @ftc, @ashleygjovik, @ericgarland, and @amlwhere
| Mark Gurman / Bloomberg: |
Sources: Apple is testing two new high-end Macs, one with M2 Max and the other with an unannounced M2 Ultra, offering 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 …
More:
Engadget, iMore, The Apple Post, Cult of Mac, Neowin, AppleInsider, iPhone in Canada Blog, Wccftech, MacRumors, 9to5Mac, iClarified, and The Verge
Tweets:
@markgurman, @markgurman, @vadimyuryev, @mehnitesh2, @gruber, and @parkerortolani
| Aisha Malik / TechCrunch: |
Instagram details ranking content in Feed, Stories, Reels, and more, and is testing more user controls, including an “Interested” button for recommended posts — Instagram announced today that it's testing a new feature that gives users more control over what they see on the social network …
More:
Instagram, Mashable, The Verge, Social Media Today, Engadget, PhoneArena, gHacks Technology News, Techlusive, BGR, Search Engine Journal, and Music Ally
Tweets:
@mosseri, @hagazo, @titterdaily, @kei_maye, @zamaan_qureshi, and @christinasbg
| Hayden Field / CNBC: |
OpenAI researchers say training AI with process supervision, which rewards the thought process rather than the outcome, could help prevent hallucinations — - AI hallucinations occur when models like OpenAI's ChatGPT or Google's Bard fabricate information entirely.
More:
OpenAI, Dexerto, Metaverse Post, Cointelegraph, International Business Times, Neowin, and Digital Trends
LinkedIn:
Adam Goldberg. Tweets:
@openai, @janleike, @gdb, @sarbjeetjohal, @hnadim87, @keerthanpg, @mchammer, @0xfoobar, @dejanseo, @nyxtelius, @spolu, @borismpower, @haydenfield, @sama, @alexandrosm, @glenngabe, and @infoxiao
| Michael McSweeney / The Block: |
Crypto bridging protocol Multichain suspended service for multiple chains after being unable to contact its CEO to get server access, during ongoing tech issues — - Multichain, the cross-chain protocol, confirmed Wednesday that the team is unable to contact its chief executive amid ongoing technology problems.
More:
Decrypt, Blockworks, CoinDesk, Cointelegraph, Crypto Daily, Unchained Crypto, NFTgators, Cryptopolitan, CryptoSlate, and CoinGape
| 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.
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Ars Technica, reddit, MacStories, Android Police, Forbes, 9to5Mac, Daring Fireball, iMore, AppleInsider, The Verge, SlashGear, Appleosophy, Neowin, BGR, TechCrunch, Android Authority, Six Colors, and iPhone in Canada Blog
Bluesky:
@carnage4life.bsky.social. Tweets:
@christianselig, @raywongy, @mattdesl, @s8mb, @wongmjane, @sdw, @andruedwards, @nideveloper, @ow, @pt, @snazzylabs, @phillryu, @sindresorhus, @giovan_h, @javi, @panzer, @greentetra_, @jonyiveparody, @headfallsoff, @saketme, @cabel, @timsweeneyepic, and @useclear
| Reuters: |
Sources: a planned $3B chip plant in India by ISMC, a consortium that included chipmaker Tower, has stalled due to the company's pending takeover by Intel — A planned $3 billion semiconductor facility in India by chip consortium ISMC that counted Israeli chipmaker Tower as a tech partner …
Tweets:
@dnystedt, @adityakalra, @reuters, and @adityakalra
| EJ Dickson / Rolling Stone: |
A look at the grotesque world of AI true-crime-victim TikTok, where AI deepfakes, based on images of children who were abused, describe their own ghastly demise — TikTok accounts are posting horrifying artificial intelligence-generated clips of murder victims — mostly children — describing their own ghastly demise
More:
New York Post and Kotaku
| Ben Lang / Road to VR: |
Ultraleap unveils the $140 hand-tracking module Leap Motion 2, its first since the original in 2013, with support for standalone headsets, and opens preorders — The Daily Roundup Newsletter — Keep your finger on the pulse of the XR industry with the Daily Roundup, the most important news in one daily email.
More:
The Ghost Howls, Ultraleap, Auganix.org, The Verge, The Verge, Ultraleap on YouTube, and UploadVR
| 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 …
More:
Apple, Analysis Group, Silicon Republic, TechCircle, iMore, The Apple Post, Patently Apple, PhoneArena, iPhone in Canada Blog, Cult of Mac, iClarified, Fast Company, MacStories, ZDNet, Bloomberg, AppleInsider, MacRumors, and 9to5Mac
Tweets:
@seanlinehan, @timsweeneyepic, @munster_gene, @drbarnard, @munster_gene, @drbarnard, @munster_gene, @asymco, @munster_gene, and @munster_gene
| Bloomberg: |
Evident: at some banks, about 40% of all open job roles are AI-related; JPMorgan advertised 3,651 AI-related roles from February 2023 through April 2023 — Deutsche Bank AG is using artificial intelligence to scan wealthy client portfolios. ING Group NV is screening for potential defaulters.| Financial Times: |
KPMG, Coatue, VC firm Headline, and other investors are using AI to help pick acquisition targets and startups for investment, hoping for an edge over rivals — Accountancy firm KPMG, hedge fund Coatue and VC firm Headline among those incorporating the technology
Tweets:
@psb_dc
| Kate Clark / The Information: |
Sources: NYC-based Runway, which uses AI to let users generate videos from text descriptions, raised ~$100M from Google and others at a ~$1.5B valuation — Google is investing in Runway, a New York-based startup that lets customers generate video from text descriptions using artificial intelligence … | Jane Lee / Reuters: |
Boston-based Lightmatter, which uses light for AI computing, raised a $154M Series C from Fidelity, GV, and others, and claims to have tripled its valuation — Lightmatter, a Boston-based startup using light for AI computing, said on Wednesday it raised $154 million and tripled its valuation …
More:
DatacenterDynamics, TechCrunch, PitchBook, Lightmatter, SiliconANGLE, Crunchbase News, and TNW
| Arjun Kharpal / CNBC: |
Oppo announces MR Glass Developer Edition, a headset designed for developers in China to create mixed reality apps, powered by Qualcomm's Snapdragon XR2 Plus — - Chinese electronics giant Oppo debuted a mixed reality headset on Wednesday, pushing into an area in which U.S. technology companies Microsoft …
More:
9to5Mac, Forbes, Trak.in, GSMArena.com, PingWest, BGR, The Verge, BigTechWire, and Macworld
| Bloomberg: |
Elon Musk sent no tweets during his visit to China, the longest hiatus from the platform since June 2022; once his jet left Shanghai, Musk tweeted about SpaceX — Elon Musk, a prolific presence on Twitter and owner of the social media platform, didn't send any tweets while he was in China for his first visit since the pandemic.
More:
Reuters, Insider, Notebookcheck.net, iPhone in Canada Blog, Tech in Asia, ChinaTechNews.com, BBC, and DigiTimes. Tweets:
@elonmusk
| Financial Times: |
As ASML reaches a ~€275B market cap, twice that of Intel, a look at the fundamental limits on making ever-smaller chips, which could finally end Moore's Law — For decades, ever-tinier semiconductors have allowed huge leaps in computing progress. Not for much longer, warn experts| Brody Ford / Bloomberg: |
C3.ai drops 20%+ after its FY revenue outlook of 11%-20% growth to a $307.5M midpoint fell below estimates; AI jumped 258% in 2023 and 45% since Nvidia earnings — C3.ai Inc. plunged 20% in extended trading after providing a fiscal-year revenue outlook that fell short of analysts' estimates … | Liz Young / Wall Street Journal: |
Amazon plans to roll out AI to 12 fulfillment centers to help find damaged goods and says the tech is 3x as effective at spotting damage than a warehouse worker — Company expects artificial intelligence to reduce the number of damaged items moving through fulfillment centers and to speed up deliveries| Caroline O'Donovan / Washington Post: |
Hundreds of white-collar Amazon workers in Seattle walked off the job, frustrated by job losses, a return-to-office mandate, carbon emissions, and leadership — Frustrated by job losses, office policies and rising carbon emissions, white-collar Amazon workers are demanding more from leadership
More:
CNN, The Hill, Wired, The Seattle Times, Fortune, Seattle Business Journal, Reuters, GeekWire, Gizmodo, Engadget, Associated Press, and CNBC
Tweets:
@jackiekentnews, @choeshow, @martinsfp, @alexpsbj, and @kslosh
| Jagmeet Singh / TechCrunch: |
Bengaluru-based Capillary Technologies, whose SaaS helps companies manage their loyalty programs, raised a $45M Series D, bringing its total funding to ~$150M — Capillary Technologies, an Indian SaaS startup that offers solutions for loyalty management and customer engagement …
More:
The Economic Times, Entrackr, Inc42 Media, and YourStory.com
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