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Techmeme
June 26, 2023, 6:45 PM
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Top News

James Vincent / The Verge:
AI is killing the web with spam sites, mass article producing “AI editors”, AI-generated junk on Etsy, Reddit, and Wikipedia that exhausts moderators, and more  —  In recent months, the signs and portents have been accumulating with increasing speed.  Google is trying to kill the 10 blue links.
NewsGuard:
Analysis: in May and June 2023, 141 major brands ran ads, mostly via Google Ads, across 55 low-quality sites with AI-generated articles, some posting ~1,200/day  —  NewsGuard identified 141 brands that are feeding programmatic ad dollars to low-quality AI-generated news and information sites operating with little to no human oversight
Brian Fung / CNN:
A look at how the $42.5B US broadband infrastructure plan will be allocated: Texas leads with $3.3B+, California gets $1.8B+, Missouri gets $1.7B+, and more  —  The Biden administration on Monday outlined how states across the country will be receiving billions of dollars in federal funding …
Jay Peters / The Verge:
Meta announces Quest+, a VR subscription service that gives Quest 2, Quest 3, and Quest Pro users access to two games every month for $7.99/month or $59.99/year  —  Meta CEO Mark Zuckerberg just announced Quest Plus, the company's new “virtual reality subscription” that gives users access to “the best titles on the platform,” he said.
Will Knight / Wired:
DeepMind co-founder and CEO Demis Hassabis details Gemini, an upcoming ChatGPT rival meant to combine the strengths of AlphaGo-type systems and those of LLMs  —  Demis Hassabis says the company is working on a system called Gemini that will tap techniques that helped AlphaGo defeat a Go champion in 2016.
Wall Street Journal:
Databricks plans to acquire generative AI startup MosaicML in a ~$1.3B deal set to close by July 31; MosaicML debuted in 2021, raised $64M, and has 62 employees  —  The deal aims at connecting businesses' data with services to help them build their own, cheaper language models, Databricks CEO says
David Meyer / Fortune:
A last-minute amendment to an Irish bill would let the Data Protection Commission declare some info in privacy complaints as confidential, sparking an uproar  —  European privacy advocates are hopping mad at what they see as an attempt by the Irish government to draw a veil over the activities …
Allison Johnson / The Verge:
Google Pixel Fold review: landscape-first is great for videos and the outer display feels natural, but it's heavy, pricey, and has limited multitasking features  —  If you buy something from a Verge link, Vox Media may earn a commission.  See our ethics statement.  —  The Google Pixel Fold is a lot of phone.
Jesse Hamilton / CoinDesk:
FTX's bankruptcy team says the exchange owed its customers ~$8.7B after commingling and misusing their deposits, and has recovered ~$7B in liquid assets so far  —  Commingling and misuse of customer and corporate funds occurred from the inception of FTX, says current CEO John J. Ray III.
The Verge:
A survey of 2,000+ US adults finds 57% know of ChatGPT, 46% for Bing Chat, 45% for My AI, and 38% for Bard; only ~33% have used the tools, with Gen Z dominating  —  We polled 2,000 people about how they're using AI, what they want it to do, and what scares them about it the most.

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 6:45 PM ET, June 26, 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

Bloomberg:
Sources: WBD begins exclusive talks with Netflix to sell its film and TV studios and HBO Max; Netflix is offering a $5B breakup fee if the deal isn't approved

The Guardian:
Ireland, Spain, Slovenia, and the Netherlands exit Eurovision after Israel received an all-clear to compete; the BBC and Germany's SWR plan to participate

James Faris / Business Insider:
Kalshi strikes a deal with CNBC that will integrate Kalshi's prediction data into CNBC's channel, site, and app starting in 2026, days after striking a CNN deal

More News

Financial Times:
A profile of South Korean engineer Choi Jin-seok, who set out to become a star in China's chip industry after his career stalled and now faces IP theft charges
Hope King / Axios:
Amazon plans to build a local delivery network in 23 states by recruiting thousands of small US businesses, from bodegas to florists, to deliver its packages
Ingrid Lunden / TechCrunch:
IBM plans to acquire Apptio for $4.6B in cash from Vista Equity Partners, which paid $1.94B to take the cloud IT management startup private in November 2018

Earlier Picks

Yuval Mann / Ynetnews:
An interview with early Waze investors Yahal Zilka and Ehud Levy on why they invested, the impact of Google's acquisition on Israel's tech industry, and more
Phoebe Liu / Forbes:
A profile of Christina Cacioppo, the co-founder and CEO of data security compliance startup Vanta, which has an ~$80M ARR, a $1.6B valuation, and raised $203M
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