Techmeme
May 9, 2022, 4:15 PM

Top News

Bloomberg:
Bitcoin falls 7%+ to under $32,000, its lowest level since July 2021, as investors flee riskier investments; Ethereum, Solana, Avalanche, and others also drop  —  Bitcoin extended losses, dropping below $31,000 for the first time since July 2021, putting its decline from a November record high …
Anushree Dave / The Block:
Mark Zuckerberg says Meta will start letting some US creators test digital collectibles and NFTs on Instagram this week, and won't charge for sharing NFTs  —  Meta will start testing digital collectibles and NFTs on Instagram this week, according to chief executive Mark Zuckerberg.
CNBC:
Staff email: Uber CEO Dara Khosrowshahi says the company will slash marketing and incentive spending, treat hiring as a “privilege”, focus on profit, and more  —  - Uber will slash spending on marketing and incentives and treat hiring as a “privilege,” CEO Dara Khosrowshahi said in an email to staff on Sunday.
Drew Harwell / Washington Post:
Clearview AI reaches a settlement with the ACLU by agreeing to stop selling or offering free access to its facial recognition database to most US businesses  —  The settlement marks one of the most significant court actions yet against a company known for downloading billions of people's photos …
Margaret Harding McGill / Axios:
The White House says 20 ISPs, including Verizon, Comcast, and Charter, have agreed to offer 100 Mbps internet service for $30 per month to low-income families  —  The White House said Monday 20 internet service providers have agreed to offer $30 high-speed internet plans to low-income families …
Washington Post:
Researchers: Elon Musk, who vowed to defeat Twitter's “spam bots or die trying”, has long benefited from “fanbots” boosting Tesla shares and deriding critics  —  Mechanized accounts have sought to boost Tesla shares, deride critics and push the pending takeover of Twitter.
Yoko Kubota / Wall Street Journal:
Sources: as China restricts access due to COVID-19, Apple is giving local workers more authority as US staff monitors progress using live streaming and AR  —  Tech giant passes more authority to local workers, uses live streaming and augmented reality to ensure products made in China come out on time
New York Times:
Tesla's stock is down 30%+ since Elon Musk disclosed his Twitter stake on April 4, as investors worry about his personal debt and Twitter becoming a distraction  —  The chief executive's debt load, his divided attention and Twitter's own challenges could all take a toll on his electric-car company.
Janko Roettgers / Protocol:
Despite Apple's push into AR, its lack of mobile Safari support for web-based AR lags browser providers like Google, Samsung, who have supported WebXR for years  —  “AR is going to change the way we use technology forever.”  For the past five years, Tim Cook has used every possible opportunity …
More: 9to5Mac and AppleInsider
Tweets: @zeh, @gocroquet, @mikarv, @protocol, @glenngabe, and @jank0Thanks:@jank0
Kevin Collier / NBC News:
Lincoln College becomes the first US higher education institution to close in part due to a ransomware attack, which began in Dec. 2021 and thwarted admissions  —  Lincoln College is scheduled to close its doors Friday, becoming the first U.S. institution of higher learning to shut down in part due to a ransomware attack.
Ax Sharma / BleepingComputer:
Costa Rica's president declares a state of emergency after the Conti ransomware group publishes 672GB of data that appears to belong to government agencies  —  The Costa Rican President Rodrigo Chaves has declared a national emergency following cyber attacks from Conti ransomware group on multiple government bodies.
Kenrick Cai / Forbes:
New York-based Hugging Face, which is building an open-source library of machine learning models, raises a $100M Series C at a $2B valuation led by Lux Capital  —  Newly valued at $2 billion, the AI 50 debutant originated as a chatbot for teenagers.  Now, it has aspirations …

Sponsor Posts

Tribe AI:
Build AI products that matter  —  Tribe AI helps organizations rapidly deploy AI solutions that have real business impact.  We bring together world class AI talent and tooling to drive differentiated results.
Zoho:
CIO challenge 6: Can we find an effective solution that also minimizes operational costs?  —  Welcome to the next and final installment of our CIO series!  After what feels like a thousand cups of coffee …
Hamming:
Make AI Voice Agents trustworthy  —  Hamming AI automatically tests AI voice agents and continuously monitors them in production.
Techmeme Leaderboards:
Discover the top reporters on AI, VR, policy, and much more  —  We've analyzed Techmeme's news crawl to identify the most influential and prolific writers on 48 news topics.  Download reports immediately for just $100.
Techmeme Ride Home:
Fri. 11/15 - Crypto Ascendant
The day's tech news, every day at 5pm ET. Fifteen minutes and you're up to date.
Subscribe via Apple Podcasts, Spotify, or RSS.
 

About This Page

This is a Techmeme archive page. It shows how the site appeared at 4:15 PM ET, May 9, 2022.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

More News

Earlier Picks

Ina Fried / Axios: