Techmeme
October 12, 2023, 4:25 PM

Top News

Reuters:
In a letter to Thierry Breton, X CEO Linda Yaccarino says X has removed hundreds of Hamas-linked accounts, labeled tens of thousands of posts, and more  —  The X social media platform has removed hundreds of Hamas-affiliated accounts and taken action to remove or label tens of thousands …
Javier Espinoza / Financial Times:
The EU opens an investigation into X over hosting disinformation tied to Hamas' Israel attack; X could be fined up to 5% of its daily global turnover  —  Investigation is the first under the bloc's Digital Services Act and comes after letter to Musk raising concerns
Sarah Perez / TechCrunch:
Google updates its Search Generative Experience with the ability to generate images using prompts and to write drafts that can be customized for tone and length  —  Google's AI-powered search feature, SGE (Search Generative Experience), is gaining some new skills, starting today.
Ben Schoon / 9to5Google:
Threads rolls out voice posts and a free edit button that lets users edit a post repeatedly within five minutes of sending; Threads doesn't show an edit history  —  Meta's Twitter competitor, Threads, is now rolling out one of its most-requested features - an edit button.
Sarah Perez / TechCrunch:
Sarah Wynn / The Block:
The CFTC charges Voyager Digital co-founder Stephen Ehrlich with fraud, saying he and Voyager lied to clients and hid the crypto lender's true financial health  —  - Stephen Ehrlich and the firm the co-founded, Voyager Digital, lied to customers and hid the crypto lender's true financial health, according to the CFTC.
New York Times:
SBF's trial: the personal dynamics between him and his friends have become a vital component of the case, revealing how much his inner circle has turned on him  —  The FTX founder's criminal trial has made clear just how much his inner circle has turned against him.
Zack Abrams / The Block:
Akash Sriram / Reuters:
Atlassian plans to acquire video messaging platform Loom for ~$975M, split as ~$880M in cash and the rest in stock, set to close in Q1 2024; Loom has 25M+ users  —  Atlassian (TEAM.O) said on Thursday it had agreed to acquire privately held video messaging platform Loom for about $975 million …
Andy Greenberg / Wired:
Elliptic: the unidentified FTX hackers who stole $415M to $432M in November 2022 moved the money in 2022 and via Russia-linked money launderers in October 2023  —  Whoever looted FTX on the day of its bankruptcy has now moved the stolen money through a long string of intermediaries—and eventually some that look Russian in origin.
Amir Efrati / The Information:
Sources: Sam Altman told staff that OpenAI is generating revenue at a $1.3B/year pace, implying the company now generates $100M+/month, up 30% in three months  —  ChatGPT maker OpenAI is generating revenue at a pace of $1.3 billion a year, CEO Sam Altman told staff this week, according to several people with knowledge of the matter.
Kif Leswing / CNBC:
Piper Sandler survey of 9,000+ US teens: 29.1% of their daily video consumption time is on YouTube, beating Netflix for the first time at 28.7%, and ~7% on Hulu  —  - Teenagers in the United States say they watch more video on YouTube than Netflix, according to a new survey from investment bank Piper Sandler.
Noema:
Today's LLMs like ChatGPT, Bard, Llama, and Claude have many flaws but decades from now they will be recognized as the first true AGI examples, like the ENIAC  —  Today's most advanced AI models have many flaws, but decades from now, they will be recognized as the first true examples of artificial general intelligence.
Sarah Perez / TechCrunch:
Automattic expands ActivityPub support to WordPress.com hosted sites, letting blog owners reach 13.3M users across the fediverse, including Mastodon's 1.8M MAUs  —  Earlier this year, WordPress.com owner Automattic acquired a plugin that allowed WordPress blogs to be followed in the fediverse …
Alex Konrad / Forbes:
Over 220 VC firms, including Bain, Bessemer, and GGV, sign a statement supporting Israel and call for the investor community to support Israel's tech ecosystem  —  The open letter published on Thursday is the latest effort by startup investors to provide support for the state of Israel and its tech community, with 221 firms signed on.

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Earlier Picks

Jacquelyn Melinek / TechCrunch:
Karen Hao / The Atlantic:
Reuters:
Gabe Bullard / Nieman Reports:
Caitlin Huston / Hollywood Reporter: