Techmeme
July 31, 2023, 1:20 PM

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.
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
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.
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 …
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  —  Worldcoin doesn't seem to know what problem it's trying to solve, but they want to scan your eyeballs anyway.
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  —  - A private-equity consortium will take software provider New Relic private at $87 a share, the company announced Monday.
Neeta Lal / Nikkei Asia:
Some Indian broadcasters are using lifelike AI anchors to deliver news, weather reports, and more, raising job loss fears and questions about media credibility  —  Virtual anchors mean no ‘ego hassles’ in newsrooms, but will they kill jobs?  —  A screenshot from Odisha TV's YouTube channel shows Lisa …
The Economic Times:
Sources: Tiger Global has completed its exit from Flipkart, in a years-long selloff that led to gains totaling $3.5B  —  The US fund exits online retailer with a 4% stake sale to Walmart in final deal of phased selloff.  —  New York-headquartered investment firm Tiger Global informed its limited partners …
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  —  More popular than Picasso and Leonardo Da Vinci among AI artists, Greg Rutkowski opted out of the Stable Diffusion training set.

Sponsor Posts

Opal:
Introducing Tadpole: the tiny webcam for laptops  —  With a mirrorless Sony sensor, directional microphone, and tap-to-mute feature, the Tadpole works with both Mac and PC and is the perfect webcam to take with you everywhere.
Tribe AI:
Build AI products that matter  —  Tribe AI helps organizations rapidly deploy AI solutions that have real business impact.  We bring together world class AI talent and tooling to drive differentiated results.
Cache:
Make the most of your large stock positions  —  Cache is built for your hard-earned stocks.  Discover how to diversify tax-efficiently or borrow at lower rates.  Once for the ultra-wealthy, now available for you.
Zoho:
How cloud telephony extensions elevate sales operations  —  This is a guest post by Dmytro Tokar, CTO and co-owner of Zadarma.  Cloud telephony represents a transformative shift in telecommunications technology …
Prospect:
A running list of the best startups to join  —  We've analyzed thousands of startups using the same data VCs use and distilled our list down to the top 2%.  Discover and join the next Stripe, Airbnb, or Coinbase today.
The Logan Bartlett Show:
EP 107: Steve Kaufer (Co-Founder, Tripadvisor) - Why He Left & What He's Building Now
A podcast hosted by Logan Bartlett, an investor at Redpoint Ventures, covering tech with industry insiders.
Subscribe to The Logan Bartlett Show!
Techmeme Ride Home:
Wed. 06/12 - Elon Pulls His OpenAI Lawsuit
The day's tech news, every day at 5pm ET. Fifteen minutes and you're up to date.
Subscribe via Apple Podcasts, Spotify, or RSS.
 

About This Page

This is a Techmeme archive page. It shows how the site appeared at 1:20 PM ET, July 31, 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.

More News

Earlier Picks

CoinDesk:
Jack Shenker / The Guardian: