Techmeme
August 25, 2023, 1:15 PM

Top News

Natasha Lomas / TechCrunch:
The EU's DSA goes into effect, forcing platforms like Facebook, Instagram, YouTube, and TikTok to let users opt out of profiling-based content recommendations  —  Internet users in the European Union are logging on to a quiet revolution on mainstream social networks today: The ability to say ‘no thanks’ to being attention hacked by AI.
Wall Street Journal:
US Treasury proposes new rules treating crypto exchanges more like stockbrokers, requiring them to report crypto gains to the IRS, starting in 2026  —  Long-delayed regulations would treat crypto platforms more like brokers who handle stocks and mutual funds
Yueqi Yang / Bloomberg:
Mastercard and Binance plan to end their card partnership in Latin America and Middle East on September 22; Visa stopped issuing Binance cards in Europe in July  —  - Visa halts issuing new Binance Card while Mastercard ends pact  — Crypto exchange under legal and regulatory challenges globally
Ariel Bogle / The Guardian:
The New York Times, CNN, Reuters, and other outlets block OpenAI's GPTBot web crawler from accessing their content; some have also blocked Common Crawl's CCBot  —  Chicago Tribune and Australian newspapers the Canberra Times and Newcastle Herald also appear to have disallowed web crawler from maker of Chat GPT
AJ Vicens / CyberScoop:
Microsoft says Flax Typhoon, a hacking group active since mid-2021 with suspected Beijing ties, is targeting dozens of organizations in Taiwan, and elsewhere  —  A group dubbed Flax Typhoon has targeted “dozens” of Taiwanese organizations, according to new research from Microsoft.
Julian Chokkattu / Wired:
Citizen suspends sales of its $350+ CZ Smart smartwatch, launched on May 1; review units had serious issues, like screen freezing and inaccurate tracking data  —  The second-generation CZ Smart launched a few months ago.  Both the company and reviewers have found serious technical issues.
Ryan Smith / AnandTech:
AMD announces new Radeon RX 7000 series video cards, the $449 RX 7700 XT and the $499 7800 XT, based on its new Navi 32 GPU and aimed at the 1440p gaming market  —  With the Gamescom convention taking place in Germany this week, AMD is using Europe's largest video game trade show as the venue …
Manish Singh / TechCrunch:
Grocery delivery startup Zepto raised a $200M Series E led by StepStone at a $1.4B valuation, India's first 2023 unicorn and taking its total funding to ~$560M  —  Instant grocery delivery startup Zepto has raised $200 million in a new funding round at a valuation of $1.4 billion, it said Friday …
David Jeans / Forbes:
NYC-based digital lender Better.com closed down 94% in its Nasdaq debut on August 24, after a SPAC merger with Aurora Acquisition Corp  —  Once valued at $7.7 billion, Vishal Garg's SoftBank-backed company faced a cratering stock price and no plans for profitability as it went public Thursday via a SPAC merger.
Sahil Patel / The Information:
Sources: Amazon has had early talks with Disney about working on a streaming version of ESPN, possibly helping with distribution while taking a minority stake  —  Amazon has had early talks with Disney about working on the streaming version of ESPN it is developing, said people familiar with the matter.

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Earlier Picks

Abner Li / 9to5Google:
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Brody Ford / Bloomberg:
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Emilia David / The Verge:
Foo Yun Chee / Reuters:
Brian Heater / TechCrunch: