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July 31, 2023, 8:25 PM
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Top News

New York Times:
Twitter/X threatens to sue Center for Countering Digital Hate, alleging the nonprofit made “troubling and baseless claims” to hurt Twitter and its ad business  —  The Center for Countering Digital Hate said it had received a letter from X, Twitter's parent company …
Decrypt:
SEC charges Hex crypto project founder Richard Heart with conducting unregistered securities offerings, including Hex, PulseChain, and PulseX, that raised $1B+  —  The SEC has charged Richard Heart, the founder of the crypto project Hex, with allegedly conducting unregistered securities offerings that raised more than $1 billion.
Ivan Mehta / TechCrunch:
Twitter is now “X” in the App Store, seemingly via an exception to Apple's rule that requires app names to have two or more characters  —  After weeks of changes to its social handles, branding on its interface, a redirect on the web, and lots of chatter from its owner …
Ina Fried / Axios:
Internal email: Google is revamping Assistant to focus on using generative AI, starting with the mobile version, and is reorganizing related teams  —  Google plans to overhaul its Assistant to focus on using generative AI technologies similar to those that power ChatGPT and its own Bard chatbot …
More: The Verge, The Information, TechCrunch, 9to5Google, and BGR
Mastodon: @carnage4life@mas.to.  Bluesky: @claeshs.bsky.social.  Twitter: @joshconstine.  LinkedIn: Ina Fried.  Forums: r/Android
Andy Robinson / Video Games Chronicle:
Sources: Nintendo plans to release a new console in H2 2024, with portable mode, an LCD screen, and a cartridge slot; key partners already have development kits  —  Development kits for Nintendo's next console are now with key partner studios, with launch planned for next year, sources have told VGC.
Julie Jargon / Wall Street Journal:
Apple confirms a Screen Time bug, letting kids go over the time limits imposed by parents to use apps and games, but doesn't offer a timeline for a fix  —  Settings aren't sticking; the company says it's working ‘to improve the situation’  —  Apple's Screen Time controls are failing parents.
Yogita Khatri / The Block:
Tether reports a $850M net profit in Q2, vs. $1.5B in Q1, with ~$3.3B in excess reserves, up from $2.44B in Q1, and $86.5B+ in total assets as of June 30  —  - In its latest attestation report, Tether said it had a net profit of $850 million in the second quarter.
Scott Chipolina / Financial Times:
Brian Armstrong says the SEC asked Coinbase to halt trading all crypto except bitcoin without explaining its interpretation of the law, before it sued Coinbase  —  Request would have meant ‘the end of the crypto industry in the US’, according to Brian Armstrong
Anissa Gardizy / The Information:
Sources: Nvidia has asked some cloud provider startups for their customers' names; it also ensures some upstart cloud providers get early shipments of new chips  —  Nvidia plays favorites with its newest, much-sought-after chips for artificial intelligence, steering them to small cloud providers …
Sheila Dang / Reuters:
X says Elon Musk will lead product and engineering teams, CEO Linda Yaccarino will lead teams including legal and sales, and both will oversee trust and safety  —  X owner Elon Musk and Chief Executive Linda Yaccarino will both oversee the trust and safety team at the company formerly known as Twitter …

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This is a Techmeme archive page. It shows how the site appeared at 8:25 PM ET, July 31, 2023.

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From Mediagazer

Sewell Chan / Columbia Journalism Review:
Mariel Garza, editorials editor of the Los Angeles Times, resigns after the outlet's owner blocked the editorial board's plans to endorse Harris for president

David Folkenflik / NPR:
A look at what Donald Trump says he will do to the media if elected, including jailing reporters, investigating TV networks, and taking their licenses away

Eric Newcomer / Newcomer:
Eric Newcomer, founder of the Newcomer newsletter on startups and VCs, marks its four-year anniversary and says he expects $1M in profit on $2M in 2024 revenue

More News

Nikhilesh De / CoinDesk:
A US judge denies Terraform Labs' motion to dismiss an SEC lawsuit, saying the SEC made a “plausible claim” that UST and LUNA may have violated securities law

Earlier Picks

Rohan Goswami / CNBC:
A consortium led by PE firms Francisco and TPG agrees to take observability software company New Relic private in an offer valuing the company at ~$6.5B
Jose Antonio Lanz / Decrypt:
After a digital artist opted out of the Stable Diffusion training set, the community made a model copying his style, raising questions around open-source models
Elvira Pollina / Reuters:
Italy's AGCM says it accepted Google's proposed commitments to end a case over the company's alleged abuse of its position in the user data portability market
Molly White:
Worldcoin presents a solution in search of its problem, has a shaky ethical foundation, and lacks decentralization or a robust approach to privacy
The Economic Times:
Sources: Tiger Global has completed its exit from Flipkart, in a years-long selloff that led to gains totaling $3.5B
CoinDesk:
Curve, a stablecoin exchange on Ethereum, says bugs in Vyper, a programming language used by parts of Curve, are being exploited; ~$100M of crypto is at risk
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