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March 26, 2024, 11:00 AM
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Tom Warren / The Verge:
Memo: Microsoft names Pavan Davuluri as its Windows and Surface chief; Microsoft split its Windows and Surface groups after Panos Panay left in September 2023  —  Microsoft is naming Pavan Davuluri as its new Windows and Surface chief today.  After Panos Panay's surprise departure to Amazon last year …
Olivia Poh / Bloomberg:
Canva acquires Affinity, popular with Mac users for its photo editing and other tools, to take on Adobe, Canva's COO says for “several hundred million pounds”  —  - Australian unicorn buys British team behind Affinity art suite  — Affinity offers alternative tools to Adobe's flagship products
Timmy Shen / The Block:
The US OFAC sanctions 13 entities, including Netex24, and two individuals for helping Russian nationals potentially evade sanctions by building crypto services  —  - The Treasury's Office of Foreign Assets Control sanctioned 13 entities and two individuals for helping sanctioned entities to evade sanctions in Russia.
Chris Plante / Polygon:
An interview with Phil Spencer on bringing Xbox to handhelds via hardware or software, how Valve, Lenovo, and Asus “innovated in a new form factor”, and more  —  A handheld Xbox could be hardware, an app, or both  —  Phil Spencer has tried all of the new PC gaming handhelds …
Carl Franzen / VentureBeat:
OpenAI releases seven Sora videos from select filmmakers, artists, ad agencies, and musicians; Fairly Trained CEO Ed Newton-Rex calls the move “artistwashing”  —  OpenAI has been releasing a steady drip of videos generated by its new highly realistic AI model, Sora, but the text-to-video …
Sergiu Gatlan / BleepingComputer:
The US and the UK sanction a Wuhan-based company linked to the Chinese state-backed hacking group APT31 for targeting critical infrastructure organizations  —  The U.S. Treasury Department has sanctioned a Wuhan-based company used by the Chinese Ministry of State Security (MSS) …
Ryan Browne / CNBC:
The UK says Chinese state-affiliated actors were responsible for a “malicious cyber campaign” on the country's Electoral Commission between 2021 and 2022
Allison Johnson / The Verge:
Telegram rolls out its Peer-to-Peer Login Program, giving some Android users a Premium sub for volunteering their phone numbers to relay SMS OTPs to other users  —  Telegram is offering a new way to earn a premium subscription free of charge: all you have to do is volunteer your phone number …
Wayne Ma / The Information:
Source: Tencent agrees to release some of its most important apps on the Apple Vision Pro  —  When Apple launched the Vision Pro headset, it leaned heavily on its own streaming app, as well as those of Disney and others, to market the headset's most compelling feature: an immersive video experience.
Tom Warren / The Verge:
Sony plans to add a new opt-in Community Game Help feature on the PS5 later in 2024 to automatically create clips that can help other players complete games  —  Sony is introducing a new Community Game Help feature on the PS5 later this year that is designed to automatically create clips that can help other players.
Chris Dolmetsch / Bloomberg:
Ripple says the SEC plans to release a public brief on Tuesday seeking $2B in fines and penalties in its case against Ripple over sales of the XRP crypto token  —  The regulator is slated to release a public brief on Tuesday, Stuart Alderoty, Ripple's chief legal officer, said in a separate post on X on Monday.
Edward Ludlow / Bloomberg:
Internal Tesla memo: Elon Musk tells staff to perform a “short test ride” with customers to demonstrate Full Self-Driving, a “hard requirement” from now on  —  - New requirement will slow delivery process, Musk says in memo  — Full Self-Driving, other features have generated controversy
Bloomberg:
An investigation details the growing black market for Starlink kits being traded and activated illegally, including in regions subject to US sanctions  —  Starlink's effectiveness as a communications tool makes the satellite internet service a target for a growing black-market trade worldwide.
More: iTnews.  Threads: @akshatrathi.  Mastodon: @timkmak@journa.host.  X: @business, @markssimon, and @oliviasolon
Alex Heath / The Verge:
Meta started rolling out its new opt-out political content settings on Instagram and Threads last week to “limit political content from people you don't follow”  —  Meta's executives have been saying for a while that they don't want to boost posts about politics in their apps.
Bailey Lipschultz / Bloomberg:
Trump Media & Technology Group shares jumped up to 58% to hit $78.80 on its trading debut before the Nasdaq briefly halted trading, following the DWAC merger  —  - Trump Media & Technology Group operates Truth Social  — Deal provides a windfall on paper for the former president
Bloomberg:
Canada plans to toughen foreign investment rules for sectors like AI and quantum computing, as it takes steps to curb China's influence on key industries  —  - Government can stall even small deals for national security  — It's taking steps to curb China's influence on key industries

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From Mediagazer

Ellise Shafer / Variety:
Memo: the BBC says it will cut 550 jobs including in its news and content divisions by the start of FY 2027-2028 in the first phase of a plan to save $670M

Thomas Escritt / Bloomberg:
Viktor Orban's media empire collapses two months after his election defeat; about 400 journalists at Mediaworks outlets have been given notices of termination

Jake Kanter / Deadline:
Email: BBC says commissioning spend will be reduced by £80M by March 2028 and TV development budget will be slashed by 15% annually

More News

Josh Koehn / The San Francisco Standard:
How Ripple's Chris Larsen became a gravitational force in San Fransisco politics, donating millions to local causes, as he helps Mayor London Breed's reelection

Earlier Picks

Max A. Cherney / Reuters:
UXL Foundation, backed by Google, Intel, and others, plans to build tools to power multiple types of AI accelerator chips and break Nvidia's CUDA dominance
Kalley Huang / The Information:
Sources detail Meta's unconventional moves to attract and keep AI researchers, including Mark Zuckerberg writing to DeepMind researchers to recruit them
Lauren Feiner / The Verge:
Florida Governor Ron DeSantis signs a bill requiring parental consent for kids under 16 to hold social media accounts and age verification for many websites
Jonathan Stempel / Reuters:
A US judge dismisses X's lawsuit against CCDH, saying the suit had been brought as a means toward “punishing the defendants for their speech”; X plans to appeal
Javier Espinoza / Financial Times:
The EU opens formal DMA probes into Apple and Google over letting developers “steer” users from their app stores, and Meta over its “pay or consent” model
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