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August 1, 2023, 4:05 PM
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Top News

Financial Times:
Source: Meta plans to release AI chatbots dubbed “personas” that exhibit personalities, including Abraham Lincoln, as soon as September, to boost engagement  —  Facebook owner seeks to seize on hype for AI while challenging rivals such as OpenAI, Snap and TikTok
Bryan Pietsch / Washington Post:
X sues the Center for Countering Digital Hate, alleging that researchers violated its terms of service and the CFAA while studying hate speech on the platform  —  X, the company formerly known as Twitter, sued a research group that had investigated hate speech on the social media platform …
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
Carly Page / TechCrunch:
Halcyon: Cloudzy, a Wyoming-registered web hosting firm likely operating out of Tehran, is acting as a command-and-control provider for state-backed hackers  —  A little-known cloud company provided web hosting and internet services to more than two dozen different state-sponsored hacking groups …
Preetika Rana / Wall Street Journal:
Uber reports Q2 revenue up 14% YoY to $9.23B, gross bookings up 16% YoY to $33.6B, and a $394M net income, up from a $2.6B loss in Q2 2022, its first profit  —  Ride-hailing and delivery businesses grew in the second quarter, though freight shrank  —  Uber Technologies posted …
Annie Palmer / CNBC:
Amazon rolls out Amazon Clinic to all 50 US states and DC, available via video visits; message-based chat is only available in 34 states  —  - Amazon is expanding its virtual clinic service nationwide.  — The company launched Amazon Clinic last November as a way for patients to connect …
Dean Takahashi / VentureBeat:
Adobe, Apple, Autodesk, Nvidia, Pixar, and the Linux Foundation form the Alliance for OpenUSD, aiming to standardize Pixar's Universal Scene Description  —  Five major companies in the 3D content industry — Adobe, Apple, Autodesk, Nvidia and Pixar — have come together to form the Alliance for OpenUSD (AOUSD).
Bloomberg:
After Curve disclosed a hack, CRV dropped by ~25% in three days, prompting fears of wider market turbulence; DefiLlama: crypto using Curve fell ~50% to $1.9B  —  - Curve's native CRV coin posted three-day, 25% slump after hack  — Drop raised concerns about wider fallout from platform's woes
Chavi Mehta / Reuters:
Meta says it has begun ending access to news on Facebook and Instagram in Canada, following a new law that would force it to negotiate deals to pay publishers  —  Meta Platforms (META.O) said on Tuesday it has begun the process to end access to news on Facebook and Instagram for all users in Canada.
Sam Schechner / Wall Street Journal:
Under EU pressure, Meta offers to seek user consent in Europe for targeted ads based on users' activity to comply with GDPR, sources say as soon as October 2023  —  Under pressure from regulators, the Facebook and Instagram owner proposes asking users to opt in before targeting ads with their digital activity
Jeremy Hill / Bloomberg:
Court filings: FTX Group details a draft plan to repay creditors, including settling claims in USD and wiping out FTT; seven classes of creditors can now vote  —  - Customer claims to be valued in US dollars as of bankruptcy  — Company hasn't ruled out rebooting offshore exchange
Bloomberg:
Sources: senior EU and US officials are concerned about China's accelerated push into the production of older-generation chips made with 28nm equipment or above  —  - China is building more plants than others despite US sanctions  — Officials are worried about impact on domestic chip plans
More: Tom's Hardware and The Hill
Twitter: @zschneeweiss, @byron_wan, @parismarx, and @pelstrom.  Forums: Slashdot
Christian Davies / Financial Times:
A look at South Korea's position in the tech “cold war”, as the country pivots away from China's economy and prepares to comply with the US-led China chip ban
New York Times:
The FBI says a contractor misled the agency and used NSO's Landmark to track people in Mexico without consent; the FBI terminated the contract in April 2023  —  After a Times report, the bureau canceled its contract with a government contractor that used the tool on its behalf.  But questions remain.

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This is a Techmeme archive page. It shows how the site appeared at 4:05 PM ET, August 1, 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

Sara Fischer / Axios:
Spotify is paying hundreds of millions for audiobooks annually; US audiobook users average five more hours on the app in the 60 days after starting a book

Benjamin Mullin / New York Times:
Five ex-Pitchfork journalists launch online music outlet Hearing Things, aiming to capture Pitchfork's independent spirit; subscriptions start at $70 per year

Katie Kilkenny / The Hollywood Reporter:
Condé Nast reaches a tentative deal with The New Yorker union, ending a strike threat at the mag's annual festival; the union plans a final vote in a few weeks

More News

Bloomberg:
Binance announces an exchange in Japan that complies with local rules and offers 34 tokens, open for applications in mid-August before a December 1 launch
Ingrid Lunden / TechCrunch:
Rapyd, which offers payment APIs, plans to acquire Prosus' payments unit PayU for $610M, excluding its operations in India, Turkey, and Southeast Asia

Earlier Picks

Joe McDonald / Associated Press:
China restricts civilian drone exports, citing Russia's war in Ukraine and concern about military use; DJI pulled out of Russia and Ukraine in April 2022
Emma Roth / The Verge:
The BBC launches social.bbc, an “experimental” Mastodon server with posts from a handful of BBC accounts, and plans to try out the server for six months
Andy Robinson / Video Games Chronicle:
Sources: Nintendo plans to release a new console in H2 2024, with a portable mode, LCD display, and a cartridge slot; key partners already have development kits
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
Decrypt:
The SEC charges Hex crypto project founder Richard Heart with raising over $1B via unregistered securities offerings, including Hex, PulseChain, and PulseX
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
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