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Techmeme
February 23, 2024, 1:00 PM
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Top News

New York Times:
An investigation finds thousands of Instagram accounts run by parents posting images of their children, attracting pedophiles who sometimes pay for more content  —  The ominous messages began arriving in Elissa's inbox early last year.  “You sell pics of your underage daughter to pedophiles,” read one.
Aditya Soni / Reuters:
Nvidia crossed a $2T market cap intraday on February 23, after adding $277B to its market value on February 22, Wall Street's largest one-day gain on record  —  Nvidia (NVDA.O) hit $2 trillion in market value on Friday, riding on an insatiable demand for its chips that made the Silicon Valley firm …
ABC News:
AT&T believes the February 22 outage “was caused by the application and execution of an incorrect process as we were expanding our network, not a cyber attack”  —  AT&T says they have “restored wireless service to all our affected customers.”
Jessica Lyons / The Register:
Filing: UnitedHealth says a “suspected nation-state” actor had access to IT provider Change Healthcare's systems, disrupting services at pharmacies in the US  —  Prescription orders hit after IT supplier Change Healthcare pulls plug on systems  —  UPDATED IT provider Change Healthcare …
Sean Hollister / The Verge:
Microsoft announces “Generative erase”, which uses generative AI to remove objects and people from images, coming to the Photos app in Windows 10 and Windows 11  —  Google and Samsung aren't the only ones baking magical AI selective photo erasers into their devices …
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 …
The Verge:
Reddit plans to give some of its top users, including moderators and those with high karma scores, the chance to buy shares in its IPO
Alex Weprin / The Hollywood Reporter:
S-1: Sam Altman has an 8.7% stake in Reddit, making him the third-largest shareholder, behind Advance Magazine Publishers, with 30.1%, and Tencent, with 11%
Abner Li / 9to5Google:
Google strikes a deal with Reddit, reportedly for $60M/year, gaining Reddit Data API access to surface more Reddit content in Search and to train its AI models
Lauren Goode / Wired:
Interviews and emails show that technical interviews have become more punishing for engineers after mass layoffs, requiring days of work on unpaid assignments  —  Tech companies are famous for coddling their workers, but after mass layoffs the industry's culture has shifted.
Sabrina Ortiz / ZDNet:
Microsoft releases PyRIT, a tool that the company's AI Red Team has been using to more efficiently check for risks in its generative AI systems, such as Copilot  —  Despite the advanced capabilities of generative AI (gen AI) models, we have seen many instances of them going rogue, hallucinating …

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From Mediagazer

Sara Fischer / Axios:
The White House says it will bar AP from events in the Oval Office and on Air Force One over AP's refusal to use “Gulf of America” instead of “Gulf of Mexico”

McKay Coppins / The Atlantic:
James and Kathryn Murdoch detail the succession battle that has pitted James and Lachlan Murdoch against each other, leaving the family empire's future unclear

Jessica Toonkel / Wall Street Journal:
Sources: Paramount execs weigh risks of settling Trump's lawsuit against CBS News, concerned about potential shareholder litigation or criminal bribery charges

More News

Dietrich Knauth / Reuters:
A US judge says FTX can sell its Anthropic shares after FTX reached a compromise with its customers opposing the sale; FTX invested $500M in Anthropic in 2021
Mark Tyson / Tom's Hardware:
Samsung says the Galaxy Book4 series, featuring Intel Core Ultra chips and AMOLED touchscreens, will launch in the US, the UK, and other markets on February 26
Ivan Mehta / TechCrunch:
Meta's Oversight Board extends its scope to include letting Threads users appeal Meta's content moderation using a similar process as for Facebook and Instagram

Earlier Picks

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 15%+
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
Sheila Dang / Reuters:
Google plans to integrate Gemini into its Performance Max ad placement tool, helping brands generate longer headlines, after adding Gemini into Google Workspace
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
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
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”
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