August 22, 2023, 2:40 AM

Top News

SoftBank's Arm files to list on the Nasdaq and reports $524M net income on $2.68B in FY 2023 revenue, down 1% YoY from $2.7B; the company wants the ticker ARM  —  - Arm, which is owned by SoftBank, filed on Monday to list on the Nasdaq.  — The U.K.-based chipmaker is looking to go public during …
Leo Schwartz / Fortune:
Coinbase takes a “small” equity stake in Circle for the first time, as the companies close the Centre Consortium, which previously governed the USDC stablecoin  —  On Monday, Coinbase and Circle, the two companies behind USD Coin, settled on new terms that would change the governance …
Ronan Farrow / New Yorker:
Interviews with 30+ of Elon Musk's colleagues and dozens of others detail his growing power, childhood, career, politics, role in Russia's Ukraine war, and more  —  How the U.S. government came to rely on the tech billionaire—and is now struggling to rein him in.
Craig Trudell / Bloomberg:
Richard Lawler / The Verge:
X says the company fixed a bug that prevented the service from displaying many images from before 2014 over the weekend, and that “no images or data were lost”  —  Over the weekend, word spread about a problem affecting old tweets, and eventually, we narrowed it down to anything posted …
Avram Piltch / Tom's Hardware:
Google's AI-powered Search Generative Experience and Bard listed favorable arguments when asked about “benefits” of slavery, genocide, fascism, and colonization  —  Large Language Models shouldn't offer opinions or advice.  —  If you asked a spokesperson from any Fortune 500 Company …
Kylie Robison / Fortune:
Elon Musk says X will remove headlines from link previews in posts with news articles, so that the previews display only the lead image and the news site's URL  —  X, the social media platform previously known as Twitter, is planning a major change in how news articles appear on the service …
Shaurya Malwa / CoinDesk:, which lets people use crypto to buy “shares” of X accounts, hits 100K users, per a database of wallet addresses that has raised privacy concerns  —  The growth correlates with the more than $25 million in revenue generated by the platform since its Aug. 10 launch.
Miles Kruppa / Wall Street Journal:
YouTube and Universal Music Group partner to explore new products, using music in AI tools, and paying artists whose work is used to make AI-generated content  —  YouTube has recruited Frank Sinatra's estate and other Universal Music Group UMG .39%increase; green up pointing triangle acts …
Sarah Perez / TechCrunch:
Apple adds Subscription Analytics to Podcasts, adds more hosts to Delegated Delivery, and integrates its podcast analytics into Linkfire's marketing platform  —  Apple announced today several new updates to its podcast creator tools, including, most notably, the addition …
Jordan Novet / CNBC:
Zoom Q2: revenue up 3.6% YoY to $1.14B, vs. $1.12B est., net income up 298% YoY to $182M, enterprise customers up 1% QoQ to ~218.1K, and raises FY 2024 guidance  —  - Zoom surpassed expectations on the top and bottom lines and pushed up full-year guidance.  — During the quarter Zoom …
Emily Baker-White / Forbes:
A draft US and ByteDance summer 2022 agreement to avoid a TikTok ban would give US agencies power to block app policy changes, veto executive hirings, and more  —  For the past several years the Biden Administration and TikTok have been negotiating a deal to resolve national security concerns posed by the Chinese-owned app.

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This is a Techmeme archive page. It shows how the site appeared at 2:40 AM ET, August 22, 2023.

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