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August 21, 2022, 7:20 PM
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memeorandum
WeSmirchTop News
| Kashmir Hill / New York Times: |
A dad who sent Android photos of his baby's groin to a doctor says Google disabled his account and police probed him after Google flagged the photos as CSAM — Google has an automated tool to detect abusive images of children. But the system can get it wrong, and the consequences are serious.| Lora Kolodny / CNBC: |
Elon Musk says price of FSD will rise from $12K to $15K in September when Tesla rolls out Beta 10.69.2, which lets drivers test new features on public roads — - Tesla plans a 25% price increase for its premium, driver assistance system marketed in the U.S. as the Full Self-Driving, or FSD, option.
More:
TechCrunch, The Verge, Bloomberg, Engadget, and PCMag
Tweets: @elonmusk, @patrickmoorhead, @gartenberg, @theryanford, @snazzyq, @nlbasila, @josourcing, @alexsibila, and @investorvideos
| Kalley Huang / New York Times: |
Find My and other location-sharing apps have become a staple in some young people's friendships, ostensibly for safety while blurring lines of privacy — Introduced 10 years ago, the app has slowly become a popular way to keep track of friends. But it comes with considerable privacy concerns.| Reuters: |
NSO Group CEO is stepping down as the company restructures to focus on NATO countries; source: NSO is also cutting 100 posts out of its 750-strong workforce — Israeli spyware firm NSO Group said on Sunday its Chief Executive Shalev Hulio is stepping down with immediate effect … | Tate Ryan-Mosley / MIT Technology Review: |
The demand for AR beauty filters on Instagram remains high, despite evidence of harmful effects on users' mental health and Meta's efforts to ban some filters — Meta banned filters that “encourage plastic surgery,” but a massive demand for beauty augmentation on social media is complicating matters.
Tweets: @mattnavarra, @aarieff, @hypervisible, and @techreview
| Kate Rooney / CNBC: |
Leaked financials: FTX had revenue of $1.02B in 2021, up from $89M in 2020; operating income grew from $14M to $272M; US accounted for less than 5% of revenue — - FTX saw explosive growth last year driven by its global trading business, according to audited financials seen by CNBC.
More:
PYMNTS.com, The Block, CoinGape, CoinJournal, The Verge, Cointelegraph, and CryptoPotato
Tweets: @larrylimoncello, @stockmktnewz, @realdannynelson, @olitsar, @wublockchain, @yellowlablife, @kr00ney, and @kr00ney. Thanks:@mattrosoff
| Laura Cooper / Wall Street Journal: |
Sources: Amazon is among the bidders for Signify Health, which is for sale in an auction that could value the home-health services provider at well over $8B — The home-health services provider is for sale in an auction that could value the company at well over $8 billion.
| Gary Gensler / Wall Street Journal: |
SEC chair says recent market events show why it is critical for companies offering crypto lending to comply with federal securities laws to protect investors — Securities laws that protect investors continue to apply even when new technologies come along. — WSJ Opinion: Hits and Misses of the Week
Tweets: @johnedeaton1, @vincemcp, @mattysino, @mattysino, @carlosdomingo, and @bitfinexed
| Wall Street Journal: |
Chinese game makers, facing slowing domestic user growth and fewer game approvals amid the regulatory crackdown, are rushing into overseas markets like the US — With fewer titles approved and domestic user growth slowing, Tencent and its competitors are looking to expansion abroad
Tweets: @jchengwsj and @rwang0
| Financial Times: |
SoftBank CFO says the company sold a large part of its stake in Alibaba to “instantly show” investors its finances were solid after a $23B quarterly loss — Yoshimitsu Goto says Japanese technology group wanted to ‘instantly show’ its finances were solid| Zeyi Yang / MIT Technology Review: |
An overview of electronic design automation software used for designing chips, as the US Commerce Department announces export controls on certain EDA tools — The US has moved to restrict export of EDA software. What is it, and how will the move affect China?| Scott Chipolina / Financial Times: |
JPMorgan: Tether, Circle, and other stablecoin issuers now hold $80B of short-term US government debt, accounting for 2% of the Treasury bills market as of May — Ownership highlights how digital asset players are encroaching on traditional markets — Stablecoin issuers like Tether …
Tweets: @eden_holdings
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