August 9, 2023, 11:10 AM

Top News

Sony reports Q1 revenue up 33% YoY to $20.7B, PS5 sales up 38% YoY to 3.3M, operating income down 31% YoY to ~$782M, and expects to sell 25M PS5s by March 2024  —  Sony on Wednesday reported a 31% fall in profit in the first fiscal quarter as its life insurance unit dragged on its bottom line …
Cecilia D'Anastasio / Bloomberg:
Take-Two reports Q1 net revenue up 17% YoY to $1.28B, net bookings up 20% YoY to $1.2B, and forecasts $8B in bookings for the next fiscal year, hinting at GTA 6  —  Take-Two Interactive Software Inc., the company behind video games like Grand Theft Auto, rose in extended trading …
Blake Brittain / Reuters:
Gizmodo EIC Dan Ackerman sues Apple, the Tetris Company, and others, claiming they adapted his book about Tetris into a feature film without his permission  —  Dan Ackerman, editor in chief of the tech-news website Gizmodo, filed a lawsuit in Manhattan federal court on Monday accusing Apple …
Lily Hay Newman / Wired:
Intel fixes a flaw found by a Google researcher that could let attackers steal passwords and other secrets, affecting Skylake, Tiger Lake, and Ice Lake chips  —  The vulnerability could allow attackers to take advantage of an information leak to steal sensitive details like private messages, passwords, and encryption keys.
Aaron Pressman / The Boston Globe:
Boston-based cybersecurity company Rapid7 lays off 18% of its workforce, or around 470 people, and reports Q2 revenue rose 14% YoY to $190M and a $67M net loss  —  The Boston-based cybersecurity firm said the cuts will enable it to continue to grow while also freeing up cash
Elizabeth de Luna / Mashable:
X begins making ad revenue payouts to smaller creators, after releasing payments to thousands of select accounts; how payouts are calculated remains unclear  —  ‘$8 to make $370 is a fantastic ROI for something I do anyway,’ one creator tweeted. … X is finally paying smaller creators …
David Pierce / The Verge:
Slack announces its biggest-ever redesign, catering to power users, adding a new Home section, a new sidebar on the left, a new DMs section, and Activity window  —  Slack is many things.  Which is kind of the problem. … Eventually, that even affects the “talk to your team” part of Slack …
Abner Li / 9to5Google:
Google finally adds native translate capability to its Gmail app on Android, available now, and on iOS, rolling out in the coming weeks  —  Google is finally adding a native translate capability to Gmail for Android and iOS after long supporting it on the web client.
Josh Ye / Reuters:
China plans to require app developers to file business details with the government or face sanctions from March 2024, likely creating headaches for developers  —  China will require all mobile app providers in the country to file business details with the government, its information ministry said …
Jesse Hamilton / CoinDesk:
The US Federal Reserve launches a program for overseeing banks' crypto activity and clarifies its pre-approval process for engaging with stablecoins  —  Fresh crypto guidance from the U.S. central bank doesn't represent a departure from previous policy, but it provides more details on what the Fed expects from banks.
Ava Benny-Morrison / Bloomberg:
Sources: ex-FTX Digital Markets co-CEO Ryan Salame is in talks with prosecutors to plead guilty to criminal charges and may enter a plea as soon as September  —  - Ryan Salame was the co-chief executive of FTX Digital Markets  — Salame would be fourth former FTX executive to plead guilty
Geoffrey A. Fowler / Washington Post:
CCDH: ChatGPT, Bard, My AI, DreamStudio, Dall-E, and Midjourney generated “pro-anorexia” content 41% of the time when asked about common eating disorder topics  —  Disturbing fake images and dangerous chatbot advice: New research shows how ChatGPT, Bard, Stable Diffusion …
Ben Schoon / 9to5Google:
Joel Khalili / Wired:
Sex workers who relied on crypto for storing wealth and accepting payment, bypassing the banking system entirely, are finding the limits of crypto's utility  —  Banks and payments companies have long penalized sex workers.  Many thought crypto would be a solution, but now exchanges are dumping them too.
Sarah Perez / TechCrunch:
Netflix launches a game controller app on the App Store to let users play Netflix games on their TV; the app description says the feature is “coming soon”  —  After last fall signaling its intentions to expand into cloud gaming, Netflix today launched a new app that will soon allow subscribers to play games on their TV.
Kyle Bradshaw / 9to5Google:
Verizon is sunsetting BlueJeans, a business-focused video conferencing app acquired in 2020, starting on August 31, due to “the changing market landscape”  —  Did you know Verizon acquired a video conferencing app back in 2020?  It's fine if you haven't because Verizon has announced that its …
Rebecca Bellan / TechCrunch:
Lyft CEO David Risher says the company is trying to end surge pricing as “riders hate it”; higher driver supply cut the share of surge pricing rides by 35% QoQ  —  Lyft has been cutting fares in order to secure more riders, and it's working.  Bu that success has come with a (literal) cost.
Varsha Bansal / Rest of World:
A look at the Indian Institutes of Technology, established in the 1950s and 1960s to emulate MIT and now comprising 23 schools offering a path to tech success  —  Indian tech entrepreneur Kesavan Kandadai has many accomplishments under his belt: launching Amazon Prime Video in India and founding …
Manish Singh / TechCrunch:
India's upper parliament passes the Digital Personal Data Protection Bill, including up to $30M fines and child wellbeing rules; the president must now approve  —  The upper house of India's parliament greenlit the long-delayed data protection bill on Wednesday, facing no resistance as opposition leaders opted out of participation.

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