Techmeme: FTX sues cross-chain swap protocol builder LayerZero Labs, seeking to undo a $45M deal made four days before FTX filed for bankruptcy and $40M+ in withdrawals (Zack Abrams/The Block)

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September 11, 2023, 5:50 PM

Top News

Bloomberg:

Qualcomm says Apple extended its modem deal to “smartphone launches in 2024, 2025, and 2026”, instead of ending in 2023, suggesting Apple's own modem is delayed — - Pact between the companies had been scheduled to end this year — The iPhone maker has been trying to create its own components

More: CNBC, MacRumors, iTnews, Computerworld, The Information, Macworld, PR Newswire, TweakTown, Tom's Guide, PhoneArena, BGR, MacDailyNews, AppleInsider, KitGuru, Supercharged, RTÉ, Livemint, TechSpot, MSPoweruser, Gizmodo, 9to5Mac, Wall Street Journal, Neowin, iMore, AnandTech, Cult of Mac, PCMag, HotHardware, Fierce Wireless, MobileSyrup, iPhone in Canada Blog, Wccftech, Engadget, The Verge, Six Colors, iClarified, Thurrott, GSMArena.com, Phone Scoop, Huawei Central, Daring Fireball, and Light Reading

Threads: @gruber. X: @benbajarin, @bzamayo, @greengart, @thetranscript_, @ericjhonsa, @markgurman, @saschasegan, @fosspatents, @tech_reve, and @saschasegan. LinkedIn: Phil Solis

Forums: r/apple, r/technews, and MacRumors Forums

Blake Brittain / Reuters:

The US Copyright Office denies protection for an AI-made image that won an art competition, despite Adobe Photoshop alterations and 624+ text prompt revisions — The U.S. Copyright Office has again rejected copyright protection for art created using artificial intelligence …

More: Ars Technica. Bluesky: @glinden.bsky.social. X: @tomcoates and @slhamlet

Forums: Hacker News and Slashdot

See also Mediagazer

WABetaInfo:

WhatsApp releases an Android beta that adds a “Third-party chats” screen, revealing how Meta plans to comply with the EU's DMA chat interoperability regulations — WhatsApp is rolling out a new update through the Google Play Beta Program, bringing the version up to 2.23.19.8.

More: TechCrunch, 9to5Google, PYMNTS.com, 9to5Mac, Fortune, Laptop Mag, Android Authority, Thurrott, WinBuzzer, Pocket-lint, KnowTechie, T3, iPhone in Canada Blog, Android Headlines, Engadget, Neowin, BigTechWire, The Verge, SamMobile, Digit, Gizmochina, Android Police, and Gizchina

X: @mattnavarra, @wabetainfo, and @3dimmune

Forums: r/technews and r/Android

Reuters:

Filing: Instacart aims to raise up to $616M in its IPO at an up to $9.3B valuation and prices shares at $26 to $28; the listing is expected later in September — Instacart is aiming for a valuation of up to $7.73 billion, the grocery delivery company said on Monday, in its march toward …

Taylor Lorenz / Washington Post:

Tests show Threads' new search function blocks words like “sex”, “gore”, and “vaccines”; Meta admits “covid” is a blocked term but declines to disclose others — Public health experts expressed anger with the platform's moderation policies …

More: Media Matters for America, VICE, and Pocket-lint

Threads: @katieharbath, @rcr_92, @gregshum, @luckytran, @dswersky, @luckytran, @luckytran, @biffbrockton, @charlesgilbert_po_wag, and @toolspawn. Mastodon: @statesdj@genomic.social

Bluesky: @jessiscah23.bsky.social, @chathamharrison.bsky.social, @iboudreau.bsky.social, and @darthbluesky.bsky.social

X: @mosseri, @taylorlorenz, @taylorlorenz, @taylorlorenz, @digiphile, @taylorlorenz, and @loscharlos. Forums: Beehaw

Zack Abrams / The Block:

FTX sues cross-chain swap protocol builder LayerZero Labs, seeking to undo a $45M deal made four days before FTX filed for bankruptcy and $40M+ in withdrawals — - The FTX estate is suing blockchain infrastructure company LayerZero Labs in an attempt to undo a $45M deal made in the midst of its collapse.

More: Bloomberg, Fortune, CryptoPotato, The Block, Unchained Crypto, CCN.com, Crypto Daily, Cryptonews, Bitcoin News, CoinJournal, Cryptopolitan, crypto.news, Forkast, and Cointelegraph

X: @primordialaa, @arthur_0x, and @freddieraynolds

Jack Schickler / CoinDesk:

Filing: FTX's estate has now marshalled ~$7B in assets, including $2.6B in cash, $1.16B in solana, $560M in bitcoin, and ~$200M in 38 properties in the Bahamas

More: The Block, NewsBTC, Crypto Briefing, Bitcoin News, Metaverse Post, The Daily Hodl, Cointelegraph, Watcher Guru, Cryptonews, CryptoSlate, and Coinpedia Fintech News. Forums: r/CryptoCurrency

Reuters:

Sources: seeking to shore up its finances, Embracer is considering its options for US-based Borderlands developer Gearbox, acquired for $1.4B in February 2021 — Embracer (EMBRACb.ST) is considering options for its U.S. game developer Gearbox Entertainment including a sale …

More: Bloomberg, GamesIndustry.biz, Polygon, Windows Central, Dot Esports, PC Gamer, Rock, Paper, Shotgun, Engadget, Kotaku, The Verge, Game Developer, Gameranx, Push Square, Forbes, KitGuru, Wccftech, Destructoid, Game Rant, Appuals.com, Neowin, Digital Trends, GameSpot, GamingBolt, Gamereactor UK, Video Games Chronicle, Eurogamer.net, IGN, TechPowerUp, PC Games Insider, and Blue's News

X: @madz_pl, @lawoftd, @poweredbyidtech, @stephentotilo, and @maxkriegervg

Forums: r/Games, r/XboxSeriesX, r/pcgaming, and r/PS5

Robert Silverman / The Daily Beast:

An investigation finds that Barstool Sports apparently controls 40+ “burner” X accounts to launder viral copyright-protected videos for its legitimate accounts — A Daily Beast investigation found more than 40 content-swiping Twitter accounts apparently controlled by Barstool …

Mastodon: @obrien_kat@mastodon.world. Bluesky: @waxmonkey.bsky.social. X: @bobsaietta, @bobsaietta, @joeyhashtag, @lavndr_macaron, @bobsaietta, @nash076, @bobsaietta, @notthatmilo, @saddadbadhad, @bobsaietta, @bobsaietta, @mediaevan, @taylorbuley, @blakersdozen, @juliedicaro, @peteblackburn, and @stoolpresidente

Forums: Hacker News and r/law

Bill Toulas / BleepingComputer:

Guardio Labs details a campaign that uses fake and compromised Facebook accounts to send 100K+ Messenger phishing messages per week, targeting business accounts — Hackers use a massive network of fake and compromised Facebook accounts to send out millions of Messenger phishing messages …

More: Guardio, The Hacker News, and Tom's Guide

Mastodon: @campuscodi@mastodon.social. X: @guardiosecurity

Hunter Walk:

Why there has never been a better time to be an online creator: it might be harder than ever to earn $1M per year, but it has never been easier to make $50K — I judge the health of the creator economy by one single controversial factor: ease of access and probability of survival for its participants.

Threads: @mathewi and @carmona. Mastodon: @carnage4life@mas.to

X: @nikita_arora17, @mrdylancollins, @runciedan, @hunterwalk, and @obrien

Zac Bowden / Windows Central:

Microsoft drops software support for the first-generation Surface Duo, three years after its launch; the Android smartphone received only two major OS updates — On its third birthday, the original Surface Duo is no longer supported by Microsoft. — What you need to know

More: 9to5Google, TechRadar, BGR, PCMag, iPhone in Canada Blog, Gizchina, MSPoweruser, MobileSyrup, WinBuzzer, Thurrott, OnMSFT.com, SamMobile, and XDA Developers

X: @markhachman. Forums: r/Android, r/gadgets, and Slashdot

Dylan Martin / CRN:

Nvidia claims TensorRT-LLM will double the H100's performance for running inference on leading LLMs when the open-source library arrives in NeMo in October — The AI chip giant says the open-source software library, TensorRT-LLM, will double the H100's performance for running inference …

More: NVIDIA, Forbes, Tom's Hardware, The Next Platform, TechPowerUp, StorageReview.com, and DatacenterDynamics

X: @profjoeyg, @nvidiaaidev, @drjimfan, and @tunguz

Wall Street Journal:

A competition between Wharton MBA students and ChatGPT that judges generating ideas for a new product or service finds that 35 of the top 40 came from ChatGPT — We put humans and AI to the test. The results weren't even close. — How good is AI in generating new ideas?

More: PYMNTS.com, iPhone in Canada Blog, and Beyond Search

X: @sfmcguire79, @gventuri5, @robkhenderson, and @hsu_steve. LinkedIn: Hani Elmalky

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From Mediagazer

Katie Kilkenny / The Hollywood Reporter:

Letter: movie theater trade organization Cinema United, which previously supported the AGs' lawsuit against Paramount's WBD deal, now favors settlement talks

Mike Leonard / Bloomberg Law:

Azerbaijan sues CNN in US federal court, accusing CNN of falsely reporting that Azerbaijan let Israel stage military operations against Iran from its territory

Todd Spangler / Variety:

José Suárez, president and general manager of three Telemundo-owned TV stations in Florida, died in a helicopter crash Wednesday in Kenya along with six others

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Akash Sriram / Reuters:

Oracle Q1: revenue up 9% YoY to $12.45B, vs. $12.47B est., cloud services and license support revenue up 13% YoY to $9.5B, net income up 56% YoY; ORCL drops 5%+

More: Bloomberg, Oracle, CNBC, MarketWatch, and Constellation Research

X: @thetranscript_ and @economyapp

Lydia Saad / Gallup:

Survey: 22% of US workers worry that tech will replace their job, up from 15% in 2021, 17% in 2019, and 13% in 2017, a jump driven by college-educated workers

More: Bloomberg, Insider, Fast Company, and The Hill

Melanie Mitchell / AI: A Guide for Thinking Humans:

A look at whether LLMs reason, the downsides of “chain of thought”, how models might solve problems without reasoning, and evaluating LLMs for general reasoning

Mastodon: @baldur@toot.cafe. X: @maharrit, @mattbeane, @rtk254, @rodneyabrooks, and @piesaac

Adrienne So / Wired:

Garmin Epix Pro (Gen 2) review: big, beautiful screen, tough, durable, and incredible satellite support, but no solar charging, pricey, and kind of embarrassing

More: Pocket-lint

Ingrid Lunden / TechCrunch:

UK-based Open Cosmos, which builds “sustainable” low-earth orbit satellites and a platform to manage their data, raised $50M, taking its total funding to ~$57M

More: Featured News, FinSMEs, TNW, Silicon Canals, ETF Partners, Tech.eu, EU-Startups, and UKTN. Thanks:@ingridlunden

Gillian Tett / Financial Times:

An interview with Walter Isaacson on Elon Musk, the new biography, why Musk agreed, the Twitter acquisition, Musk being “driven by demons”, surprises, and more

More: The Atlantic, Washington Post, Insider, Los Angeles Times, CNN, New York Post, Fortune, Futurism, Wall Street Journal, Observer, and New York Times

Threads: @willoremus. Mastodon: @bruno_j_navarro …. X: @emmavj, @willoremus, @mathewi, @nancylevine, @carlquintanilla, @bgrueskin, and @nxthompson

Earlier Picks

Clive Cookson / Financial Times:

UK researchers unveil Bluebird, a “digital twin” of English airspace for examining AI's potential role in air traffic control, part of a £15M government project

X: @mattgarrahan and @katebevan. LinkedIn: Dr. Anhad Sandhu

Dean Takahashi / VentureBeat:

Q&A with Brian Ward, the CEO of Saudi Arabia's Savvy Games Group, on the $4.9B acquisition of Scopely, esports, human rights issues in Saudi Arabia, and more

Financial Times:

How cybercriminals in Turkey teamed up with Russian émigré hackers to steal and sell tens of millions of credit card numbers, passwords, “hot” cookies, and more

Mastodon: @metacurity@infosec.exchange

Manish Singh / TechCrunch:

Bengaluru-based fintech Perfios, which offers real-time credit underwriting tools to financial companies, raised a $229M Series D led by Kedaara Capital

More: PYMNTS.com, FinTech Global, Moneycontrol, Metaverse Post, Entrackr, VCCircle, and Tech in Asia. X: @refsrc

Manish Singh / TechCrunch:

Coinbase says the company disabled sign-ups in India in June but remains committed to the country, after emailing users about ceasing operations on September 25

Max Tani / Semafor:

NewsWhip data on 300K influential X users: X is throttling posts with New York Times links, with “weekly average shares per article” down 75%+ from a July peak

More: Gizmodo, New York Post, and The Verge

Threads: @carnage4life, @drewharwell, and @goldengateblond. Mastodon: @dangillmor@mastodon.social

X: @tomcoates and @minimaxir

Forums: r/technology, r/Twitter, r/elonmusk, r/FoxFiction, and r/EnoughMuskSpam