| Jon Brodkin / Ars Technica: |
The FCC raises its broadband speed benchmark to 100Mbps for downloads and 20Mbps for uploads, from the previous standard of 25Mbps and 3Mbps set in January 2015 — Standard of 100Mbps down and 20Mbps up replaces old 25Mbps/3Mbps benchmark. — The Federal Communications Commission today voted … | Mark Gurman / Bloomberg: |
Sources: Apple acquired DarwinAI, which makes tech for inspecting components during manufacturing and focuses on making AI systems smaller and faster — - Canada's DarwinAI was quietly acquired earlier this year — The iPhone maker has promised a big AI announcement in 2024| Emma Roth / The Verge: |
Spotify emails the European Commission to say Apple is holding up an iPhone app update that adds pricing information and links to its subscription options — In an email to the European Commission obtained by The Verge, Spotify writes that Apple has “neither acknowledged nor responded … | Brian Krebs / Krebs on Security: |
An investigation into Onerep.com, which helps people remove their personal data from people-search sites, suggests its CEO founded dozens of people-search sites — The data privacy company Onerep.com bills itself as a Virginia-based service for helping people remove their personal information from almost 200 people-search websites.| Ryan Weeks / Bloomberg: |
Binance CEO Richard Teng, who has been in the role for only four months, quietly spun out Binance Labs, the company's $10B venture capital arm, earlier in 2024 — - Investment arm is now independent from the trading platform — Industry is monitoring for changes at Binance under CEO Teng| Manish Singh / TechCrunch: |
The Competition Commission of India orders an antitrust investigation into Google for charging app developers an “unfair” Play Store service fee of 10% to 30% — India's antitrust regulator has ordered an investigation into Alphabet's Google, alleging the U.S. tech giant abused … | Dan Goodin / Ars Technica: |
Researchers detail how a side channel can be used to read encrypted responses from AI assistants, except Google's Gemini; OpenAI and Cloudflare made mitigations — All non-Google chat GPTs affected by side channel that leaks responses sent to users. — AI assistants have been widely available … | Bloomberg: |
Vodafone sells its Italian business to Switzerland's Swisscom for €8B in cash and plans a ~€4B stock buyback; Swisscom will merge Vodafone Italia with Fastweb — - Vodafone also announced plans for a €4 billion share buyback — Sale to Swisscom will create a new market dynamic in Italy| Jonathan Stempel / Reuters: |
Apple reaches a $490M settlement to resolve a class-action lawsuit that alleged Tim Cook defrauded shareholders in 2019 by hiding falling iPhone demand in China — Apple (AAPL.O) has reached a $490 million settlement to resolve a class-action lawsuit that alleged Chief Executive Tim Cook … | Natasha Lomas / TechCrunch: |
In an open letter to Nick Clegg, 36 MEPs urge Meta to scrap its “pay or okay” choice for EU users and to “align your business with the principles of the GDPR” — Meta is facing a call from lawmakers in the European Union to scrap its controversial “consent or pay” tactic on Facebook and Instagram.| Bloomberg: |
Sources: the US plans to award over $6B to Samsung to help the company expand beyond its $17B chip fab in Taylor, Texas, under the 2022 Chips and Science Act — - Chips Act grant would fund expansion beyond project in Texas — Awards are also expected for Samsung rivals TSMC and Intel| Danny Nelson / CoinDesk: |
El Salvador moved ~$400M worth, or “a big chunk”, of its bitcoin into a cold wallet this week; public trackers had estimated El Salvador's trove at under $205M — The Central American nation moved $400 million in BTC into a cold storage wallet this week.| Melissa Rohman / New York Times: |
How Facebook Marketplace keeps Gen Z users coming back to the Facebook app, which they see not as a place to socialize but as a place to score some deals — For a generation that loves thrift-shopping, Facebook isn't a place to socialize online — it's the best place to score some deals.| Taylor Lorenz / Washington Post: |
Small-business owners and activists who rely on TikTok say the US House measure forcing a sale or ban would damage their livelihoods and harm their communities — Small-business owners, community advocates and educators spoke out Wednesday after the House overwhelmingly approved a measure to ban the popular app| Eleanor Olcott / Financial Times: |
| Wired: |
A deep dive into Reddit's history and the power of its 60K+ unpaid moderators, based on interviews with 60+ current and former mods, employees, and contractors — An army of more than 60,000 unpaid moderators has unprecedented power over Reddit. The company's future hinges on whether they can coexist with Wall Street's expectations.| Bloomberg: |
Sources: China quietly asks EV makers like BYD and Geely to sharply increase their purchases from local chipmakers, to reduce reliance on Western imports — - Directive could hurt Nvidia, NXP and other EV chip suppliers — Order is a response to US efforts to curb Chinese chip tech| David Wethe / Bloomberg: |
Oil companies are increasingly using AI and remote operations to drill faster, suggest better ways to frack, and predict when active well pumps will fail — - Companies use AI to run drill rigs and predict broken pumps — Technology could slash costs and squeeze more oil from wells
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| Augusta Saraiva / Bloomberg: |
| Jordan Novet / CNBC: |
| Abner Li / 9to5Google: |
| Todd Spangler / Variety: |
| Tom Warren / The Verge: |
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| Sheena Vasani / The Verge: |
| Aisha Malik / TechCrunch: |
| Arjun Kharpal / CNBC: |