Techmeme
May 31, 2024, 2:30 PM

Top News

Abner Li / 9to5Google:
Emily Nicolle / Bloomberg:
Tether acquires a $100M stake in US-listed bitcoin miner Bitdeer owned by Chinese billionaire Jihan Wu, with an option to buy $50M more in shares within a year  —  - Bitcoin miner is owned by the Chinese billionaire Jihan Wu  — Bitdeer was previously in talks with private credit firms
Axios:
The US Treasury Department plans to make the IRS' Direct File program permanent from the 2025 tax season and invites all states and Washington DC to participate  —  - Treasury announced earlier this month that more than 140,000 people participated in the Direct File pilot program …
Devin Coldewey / TechCrunch:
Researchers claim that 2,107 US voters, mostly older, white Republican women, accounted for spreading 80% of the fake news on Twitter during the 2020 election  —  A pair of studies published Thursday in the journal Science offers evidence not only that misinformation on social media changes minds …
Reuters:
Michael Kan / PCMag:
Google plans to disable extensions built with the older Manifest V2 framework on June 3, beginning with users of Chrome's Beta, Dev, and Canary versions  —  The move begins with Chrome beta users on June 3, before a gradual phaseout of ‘Manifest V2’ extensions for all users in the coming months, which could impact uBlock Origin.
Reuters:
Japanese crypto exchange DMM Bitcoin says it has lost 4,502.9 bitcoin, worth about $308M, in an “unauthorised leak”, and is investigating the incident  —  TOKYO, May 31 (Reuters) - Japan's cryptocurrency exchange DMM Bitcoin said on Friday that it had lost 4,502.9 bitcoin …
Dan Fitzpatrick / Forbes:
OpenAI unveils ChatGPT Edu, an “affordable” version for universities, including GPT-4o access, custom GPT creation, and higher message limits than the free tier  —  OpenAI has announced ChatGPT Edu.  This will be a specialized version of its AI platform designed specifically for universities.
Sarah Perez / TechCrunch:
Spotify creates a refund process for its discontinued Car Thing gadget, as consumers sue claiming Spotify misled them by selling a soon-to-be obsolete product  —  Spotify is facing continued backlash over its decision to discontinue support for Car Thing, its in-car streaming device …
Paul Sawers / TechCrunch:
The European Commission designates Temu as a “very large online platform” and says the company will have to comply with DSA rules by the end of September 2024  —  Temu, the super low-cost e-commerce marketplace owned by Chinese online retailer Pinduoduo, is to face …
Brian Fung / CNN:
FCC ends the Affordable Connectivity Program, which helped low-income Americans afford internet service, after the House failed to approve additional funding  —  The Affordable Connectivity Program, which helped low-income Americans get online, is no more.  —  On Friday, the US government announced …
Kurt Wagner / Bloomberg:
How Meta revamped Facebook's feed to show more posts from outside a person's network of friends and family, in a move to fight TikTok and win back younger users  —  - Feed now features a broader array of posts based on interest  — More young adults are back on Facebook after years of declines
Forbes:
OpenAI is hiring research engineers to rebuild its robotics team; sources: the company plans to develop tech that robot makers will integrate into their systems  —  After disbanding its efforts to build a general purpose robot in 2020, the AI juggernaut is embarking on a new attempt …
Evgeny Obedkov / Game World Observer:
Sony says PS5 generated $106B in revenue in less than four years vs. PS4's $107B over seven years, PS5 in-game purchases spending up 176% over PS4, and more  —  Sony has published its annual business briefing.  Here are the key takeaways about the performance of the PlayStation business and updates to the company's gaming strategy.

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