June 4, 2023, 6:55 PM

Top News

Interviews, pitch decks, and internal documents suggest that Stability AI CEO Emad Mostaque's recent success was bolstered by exaggeration and dubious claims  —  Stability AI became a $1 billion company with the help of a viral AI text-to-image generator and — per interviews with more than 30 people …
Financial Times:
Sony CEO Kenichiro Yoshida says cloud gaming has many technical difficulties, like latency, and the company could use its AI, GT Sophy, to enhance cloud gaming  —  Promise of technology remains unfulfilled after more than a decade of development  —  Sony's chief executive has warned …
Yvonne Lau / Fortune:
As TSMC plans to hire 4,500 workers at its two Arizona fabs, recruiters say the company's culture, rigid standards, and overseas training turn off candidates  —  On the Glassdoor profile of Taiwan Semiconductor Manufacturing Company, or TSMC—the world's biggest manufacturer of semiconductor chips …
Cristiano Lima / Washington Post:
Instagram reinstates Robert F. Kennedy Jr.'s account after he launched his presidential bid; he was banned in 2021 over false claims about COVID-19 and vaccines  —  The prominent anti-vaccine campaigner was suspended in 2021 for spreading misleading health claims.
Will Douglas Heaven / MIT Technology Review:
A look at The Frost, a 12-minute movie created by Waymark using DALL-E 2, as startups like Waymark and Runway make AI tools for fast and cheap video production  —  Exclusive: Watch the world premiere of the AI-generated short film The Frost.  —  The Frost nails its uncanny, disconcerting vibe in its first few shots.
Jessica Lyons Hardcastle / The Register:
Five teams at DEF CON 2023 plan to try to hack Moonlighter, a US-funded 3U cubesat, the first time DEF CON hackers will get to hack a live, in-orbit satellite  —  'World's first and only' orbiting infosec playpen due to blast off Sunday  —  FEATURE Assuming the weather and engineering gods cooperate …
Chris Isidore / CNN:
The CFPB warns users of payment apps like PayPal, Venmo, Cash App, and Apple Cash that their money could be at risk as FDIC insurance does not cover the apps  —  New York CNN —  —  Payment apps like PayPal and Venmo might be convenient, but they're not banks — and a federal financial services watchdog …
Ron Amadeo / Ars Technica:
Google is aware of a “very small number” of Pixel Watch users reporting that the back glass panel falls off and is working to find the cause and fix the issue  —  Several users report the back of the Pixel Watch just falls off after a short time.  —  UPDATE: GOOGLE STATEMENT
Annie Njanja / TechCrunch:
A Kenyan court rules that Meta is the primary employer of 184 content moderators suing Meta and contractor Sama for unlawful dismissal, and pauses their layoffs  —  A Kenyan court has ruled that Meta is the primary employer of content moderators suing the social media giant and its content review partner …
Aria Alamalhodaei / TechCrunch:
Seattle-based Hubble Network, which aims to build a global satellite network that any Bluetooth device can connect to, raised a $20M Series A led by Transpose  —  Bluetooth-enabled devices are ubiquitous, but how those devices are used is constrained by the relatively short range provided by Bluetooth technology.

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