Techmeme
November 29, 2024, 1:05 AM

Top News

Bloomberg:
Experts worry about the unintended consequences of Australia's controversial but popular social media ban on under-16s; Meta, TikTok, and X expressed concerns  —  - Children under 16 barred from popular social media sites  — Politicians under pressure to stem online bullying, grooming
Ben Westcott / Bloomberg:
Australia's Senate passes a social media ban for children under 16, brushing aside lawmaker concerns on both sides; tech companies could be fined up to AU$50M  —  - Australia's social media laws to be among strictest in world  — Children under age of 16 will be banned from opening accounts
Victoria Kim / New York Times:
Details of Australia's social media ban for kids remain unclear, such as how to enforce it and what platforms it covers; kids and parents won't face punishment  —  The law sets a minimum age for users of platforms like TikTok, Instagram and X. How the restriction will be enforced online remains an open question.
Ismail Shakil / Reuters:
Canada's Competition Bureau sues Google over alleged anti-competitive conduct in online advertising, seeking Google to sell two of its ad tech tools and more  —  Canada's Competition Bureau is suing Alphabet's (GOOGL.O) Google over alleged anti-competitive conduct in online advertising, the antitrust watchdog said on Thursday.
Reuters:
Delivery Hero's Talabat, one of the largest food delivery services in the UAE, sets its Dubai IPO price at the top end of its range and plans to raise ~$2B  —  Talabat, one of the largest food ordering businesses in the Middle East, is set to raise about $2 billion from the largest initial public offering …
Manish Singh / TechCrunch:
Filing: Zomato has raised $1B by issuing approximately 336.5M shares at about $3 each, its first major fundraise since its 2021 IPO  —  Zomato has raised $1 billion through a so-called qualified institutional placement, completing its first major fundraise since its 2021 IPO.
More: Inc42 Media
Bill Toulas / BleepingComputer:
ESET researchers find the first UEFI bootkit designed specifically to target Linux systems, marking a shift in bootkits that previously focused on Windows  —  The first UEFI bootkit specifically targeting Linux systems has been discovered, marking a shift in stealthy and hard-to-remove bootkit threats …
Ella Creamer / The Guardian:
Writers and publishers criticize Spines, which raised a $16M seed round and charges authors $1,200 to $5,000 to use AI to edit and distribute their books  —  Publisher Spines will charge authors between $1,200 and $5,000 to have their books proofread, designed and distributed with the help of artificial intelligence
Bloomberg:
An ex-staffer sues Binance for dismissing her for allegedly raising concerns about a co-worker taking a bribe; Binance says she was fired for poor performance  —  - Binance staffer accused of bribing to speed up client process  — Binance says employee was dismissed for poor performance
Kyle Wiggers / TechCrunch:
Alibaba releases 32.5B-parameter QwQ-32B-Preview under Apache 2.0 and claims the “reasoning” AI model beats OpenAI's o1-preview on the AIME and MATH tests  —  A new so-called “reasoning” AI model, QwQ-32B-Preview, has arrived on the scene.  It's one of the few to rival OpenAI's o1 …
Ingrid Lunden / TechCrunch:
Ofcom: UK adults now spend 4 hours and 20 minutes on average daily online, a jump from 3 hours and 41 minutes in 2023, which was only an 8-minute bump over 2022  —  Adults are spending an average of 4 hours and 20 minutes each day online across smartphones, tablets and computers in the U.K. …
Dan Milmo / The Guardian:

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Mathieu Pollet / Politico:
Niall Firth / MIT Technology Review:
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Earlier Picks

Ana Altchek / Business Insider:
Kelcee Griffis / Bloomberg: