Techmeme
August 3, 2024, 1:00 AM

Top News

New York Times:
The US DOJ sues TikTok, saying it collected children's data without parents' permission, knowingly let users under the age of 13 create accounts, and more  —  The Justice Department said that TikTok illegally collected children's data and knowingly allowed users under the age of 13 to create accounts.
Ivan Mehta / TechCrunch:
Character.AI co-founders Noam Shazeer and Daniel De Freitas, and some employees, are joining Google; Google has signed a non-exclusive agreement to use its tech  —  In a big move, Character.AI co-founder and CEO CEO Noam Shazeer is returning to Google after leaving the company in October 2021 to found the a16z-backed startup.
The Information:
Character.AI told staff that investors will be bought out at a valuation of ~2.5x its $1B 2023 valuation, and it plans to adopt open-source models for products  —  Google has agreed to pay a licensing fee to chatbot maker Character.AI for its models and will hire its cofounders and many of its researchers, the companies said.
CNBC:
Intel shares fall 26% to close at $21.48 in their biggest drop since 1974, after the company reported a big earnings miss; Intel's market cap is now below $100B  —  Intel shares plunged the most in 50 years on Friday, reaching a price not seen since 2013, after the chipmaker reported …
Lucas Shaw / Bloomberg:
Sources: Meta is offering Hollywood celebrities like Judi Dench millions of dollars for the right to use their voices for AI projects; SAG-AFTRA agreed to terms  —  - Judi Dench, Awkwafina are among the celebrities holding talks  — Some terms sought by Meta trigger actors' fears of AI
Gaby Del Valle / The Verge:
Trump says Zuckerberg called him after the assassination attempt and told Trump he wouldn't endorse a Democrat because he “respected” Trump's reaction that day  —  Former President Donald Trump has expressed a newfound fondness for Mark Zuckerberg after years of railing against him.
Brian Schwartz / CNBC:
Zack Whittaker / TechCrunch:
Data breach notifications show US pharmaceutical giant Cencora has notified at least 1.43M individuals that their data was compromised in a February data breach  —  Cencora has so far notified over a million people around the U.S. that their personal and protected health information …
Patpicha Tanakasempipat / Bloomberg:
Apple apologizes and pulls an ad set in Thailand after backlash from Thai lawmakers and influencers who deemed its portrayal of the country offensive  —  - Short film taints image of Thai tourism industry, critics say  — Apple apologizes for not fully capturing contemporary vibrancy
Asa Hiken / Ad Age:
Andy Greenberg / Wired:
A look at RayV Lite, an open-source laser hacking tool built by two hackers for less than $500 that can reverse engineer chips and exploit their vulnerabilities  —  The RayV Lite will make it hundreds of times cheaper for anyone to carry out physics-bending feats of hardware hacking.
Olga Kharif / Bloomberg:
Crypto lender Genesis and related companies complete their bankruptcy restructuring and begin distributing ~$4B in digital assets and cash to creditors  —  - Bitcoin creditors will receive 51% recovery on in-kind basis  — Genesis distributions come soon after Mt Gox repaid billions

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More News

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Shirin Ghaffary / Bloomberg:
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Earlier Picks

Arjun Kharpal / CNBC:
Bill Toulas / BleepingComputer:
Josh Sisco / Politico:
Paul Alcorn / Tom's Hardware:
Bill Donahue / Billboard:
Bill Peters / MarketWatch:
Kif Leswing / CNBC:
Dean Takahashi / VentureBeat: