Techmeme
February 22, 2024, 8:00 PM

Top News

Jonathan Vanian / CNBC:
Reddit files to list its IPO on the NYSE, reporting revenue up 20% YoY to $804M in 2023, net loss down 43% YoY to $90.8M, 73M DAUs, and a $3.42 global ARPU  —  - Reddit on Thursday filed to go public.  — Its market debut will mark the first major tech initial public offering of the year …
Abner Li / 9to5Google:
Jake Rudnitsky / Bloomberg:
Google plans to “pause the image generation of people” via Gemini and “re-release an improved version soon” while working to fix its race inaccuracy “issues”  —  - Critics on X say model is unable to accurately depict races  — Google said it will re-release an improved version soon
Jessica Lyons / The Register:
Filing: UnitedHealth says a “suspected nation-state” actor had access to systems of IT provider Change Healthcare, prompting an outage at pharmacies in the US  —  Prescription orders hit after IT supplier Change Healthcare pulls plug on systems  —  UPDATED IT provider Change Healthcare …
Sarah Perez / TechCrunch:
Bluesky opens up federation, letting anyone run their own server that connects to Bluesky's network, which uses the AT Protocol; Mastodon uses ActivityPub  —  Social network Bluesky, a competitor to X, Threads, Mastodon, and others, is opening up its doors with today's news that the network …
Reuters:
AT&T restores cellular service after a 10+ hour outage that started at 4:30AM ET across the US; the cause for the outage is still unknown  —  A cellular phone service outage on Thursday hit thousands of AT&T (T.N) users in the United States, disrupting calls and text messages …
Ismail Shakil / Reuters:
The US FTC says Avast needs to pay $16.5M and stop selling web browsing data for ads to settle charges that the UK company misrepresented its use of such data  —  Software provider Avast Plc will need to pay $16.5 million and stop selling any web browsing data for advertising purposes …
Tom Warren / The Verge:
Sony is testing PC support for its PlayStation VR2 headset, which currently works exclusively with the PS5, and hopes “to make this support available in 2024”  —  Sony's PlayStation VR2 headset is designed to work exclusively with a PS5, but the company is now testing out support for PC.
Sean Michael Kerner / VentureBeat:
Stability AI debuts a preview of Stable Diffusion 3.0, its next-gen flagship text-to-image model, aiming to offer improved image quality and better performance  —  Stability AI is out today with an early preview of its Stable Diffusion 3.0 next-generation flagship text-to-image generative AI model.
Jess Weatherbed / The Verge:
Google rolls out its Gemini-powered “Help me write” tool in Chrome for macOS and Windows for English-speaking US users, offering shortform writing suggestions  —  Google has started rolling out “Help me write” — an experimental Gemini-powered generative AI feature for its Chrome browser …
Washington Post:
Leaked files detail Chinese state-linked hacking groups carrying out large-scale, systematic cyber intrusions against governments, companies, and infrastructure  —  A trove of leaked documents from a Chinese state-linked hacking group shows that Beijing's intelligence and military groups …
Abner Li / 9to5Google:
Google says its Google Pay app GPay and its P2P payment feature will stop working in the US on June 4, 2024, but will remain available in India and Singapore  —  When Google Wallet launched in 2022, Google kept the “GPay” app around in a handful of countries.
Financial Times:
Sources: Nigeria ordered telecoms to restrict access to the websites of some of the world's largest crypto exchanges, including Binance, Coinbase, and Kraken  —  Local consumers given only restricted access to markets like Binance and Coinbase  —  Authorities in Nigeria have blocked access …
Ben Schoon / 9to5Google:
Samsung plans to roll out One UI 6.1 in “late March” for the Galaxy S23 series, Z Fold 5, Z Flip 5, and Tab 9 series, adding the full Galaxy AI suite and more  —  Samsung's next big Android update, One UI 6.1, debuted on the Galaxy S24 series last month, but is getting ready to make its way to more Galaxy devices.
Bloomberg:
EigenLayer, which facilitates crypto “restaking” to build Ethereum projects via a points system, raised $100M from a16z, after raising $50M in March 2023  —  - VC firm was the sole investor in EigenLayer's funding round  — Crypto venture investments declined sharply in the past year
David Gilbert / Wired:
Gab launched 91 chatbots over the past month, such as AI versions of Hitler and Trump, several of which deny the Holocaust, call climate change a scam, and more  —  The proliferation of generative AI chatbots on extremist platforms could lead to increased radicalization, experts warn.
More: BGRX: @daithaigilbert, @emmalbriant, @iethics, and @rick_carpForums: r/offbeat
Shivam Patel / Reuters:
X reports taking down accounts and posts following an order by the Indian government, which local media tied to farmers' protests, but disagrees with the action  —  Social media platform X said on Thursday it took down certain accounts and posts following an order by the Indian government …
Ivan Mehta / TechCrunch:
Meta's Oversight Board extends its scope to Threads, letting users appeal Meta's content moderation decisions with the same process as on Facebook and Instagram  —  Meta's external advisory group, its Oversight Board, announced today that it is expanding its scope to Threads along with Facebook …
Lauly Li / Nikkei Asia:
Sources: Google plans to start assembling the Pixel 8 Pro in southern India in Q2 2024, followed by production of the Pixel 8 in northern India around mid-2024  —  Search engine giant joins Apple, Samsung in tapping big South Asian market  —  Google will prepare a production line …
Hannah Lang / Reuters:
Block reports Q4 revenue up 24% YoY to $5.77B, Square profit up 18% YoY, Cash App profit up 25% YoY, and forecasts Q1 adjusted EBITDA above est.; SQ jumps 12%+  —  Jack Dorsey-led Block (SQ.N) on Thursday forecast adjusted core earnings for the current quarter above Wall Street estimates …

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