Techmeme
August 2, 2023, 10:10 PM

Top News

Ivan Mehta / TechCrunch:
Elon Musk / @elonmusk:
Elon Musk says X will amend its creator payouts policy to take no cut until a payout exceeds $100K, and plans to talk to Tim Cook about lower App Store fees  —  Super Important to Support Creators! If you can afford it, please subscribe to as many creators on this platform as you find interesting. People from every corner of the world post incredible content on 𝕏, but often live in tough circumstances, where even a few hundred...
Abner Li / 9to5Google:
Reuters:
Kenya's interior ministry says it suspended the local activities of Worldcoin while government agencies assess potential risks to public safety  —  - Worldcoin says it has measures safeguarding privacy  — Kenyan authorities say will investigate Worldcoin's authenticity
Reed Albergotti / Semafor:
Sources: US DOJ officials are weighing fraud charges against Binance but worry that an indictment could cause a run on the exchange like the one that befell FTX  —  U.S. Department of Justice officials are considering fraud charges against crypto exchange Binance, but are concerned about the cost …
Wall Street Journal:
David Pierce / The Verge:
Google updates its generative AI-based Search Generative Experience with more multimedia, faster responses, and additional context for links in its summary box  —  Google's AI-powered Search Generative Experience is getting a big new feature: images and video.
Jacob Bogage / Washington Post:
The IRS says that, by 2025, taxpayers will be able to file every major tax form online, and all paper returns will be digitized  —  Major improvements to online tools could speed up refunds by four weeks for American who currently mail documents to the tax agency, officials said
Benjamin Mayo / 9to5Mac:
Apple says Apple Card's savings account, which has had a 4.15% interest rate since its April 2023 launch with partner Goldman Sachs, has topped $10B in deposits  —  Apple today announced that its high-interest savings account for Apple Card has topped over $10 billion in deposits.
Tom Warren / The Verge:
Matt Day / Bloomberg:
Amazon plans to roll out its biggest grocery business overhaul since acquiring Whole Foods, in the coming weeks, including merging its various supermarket carts  —  It's revamping stores, unifying online shopping carts and offering fresh-food delivery to customers who aren't Prime subscribers.
Emilia David / The Verge:
Meta releases AudioCraft, an open-source AI tool that lets users create music and sounds via text prompts, consisting of MusicGen, AudioGen, and EnCodec models  —  It consists of three AI models, all tackling different areas of sound generation.  MusicGen takes text inputs to generate music.
Joseph Menn / Washington Post:
Hacker group Cult of the Dead Cow plans to detail Veilid, a framework to encrypt social media and apps, at Def Con on August 11, its biggest launch in 10+ years  —  Cult of the Dead Cow is a hacker collective whose members at one time included Texas politician Beto O'Rourke
Amy Lewin / Sifted:
Hopin, the struggling virtual events startup valued at $7.75B in August 2021, sells its Events and Session units to RingCentral; CEO Johnny Boufarhat steps down  —  UPDATED: The startup, which was once the fastest-growing in Europe, has also sold its flagship product
Jay Peters / The Verge:
Roblox CEO David Baszucki says Roblox's open beta on Meta's Quest headsets, launched on July 27, has already been downloaded “well over” 1M times  —  Roblox just launched in open beta on Meta's Quest VR headsets last week, and it's already been downloaded “well over” 1 million times, according to Roblox CEO David Baszucki.
Nelson Wang / CoinDesk:
Robinhood reports Q2 revenue up 10% QoQ to $486M, crypto trading revenue of $31M, down 18% QoQ, and ~$11.5M worth of crypto in assets under custody, same as Q1  —  In June, the trading platform ended support for all tokens named as securities in the SEC lawsuits against crypto exchanges Binance and Coinbase.

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