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September 1, 2022, 12:30 AM
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memeorandum
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| Max A. Cherney / Protocol: |
Nvidia and AMD say the US imposed export restrictions on chips used for AI applications to Russia and China, affecting chips like Nvidia's A100 and AMD's MI200 — The U.S. has begun to impose fresh restrictions on exports of advanced chips necessary for AI-related applications to Russia and China …
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Reuters, SEC.gov, New York Times, Reuters, CNBC, iTnews, Watcher Guru, Nikkei Asia, Wall Street Journal, Tom's Hardware, TechPowerUp, VideoCardz.com, and Wccftech
| Alex Heath / The Verge: |
Internal memo: Meta is setting up a New Monetization Experiences division to identify and build “possible paid features” for Facebook, Instagram, and WhatsApp — A new team will be tasked with building paid experiences across Meta's apps — Meta is setting up a product organization …
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Pocket-lint, Engadget, and Reuters
Tweets: @alexeheath, @karissabe, @ozskier, @maxasteele, and @alexeheath
| Reuters: |
Arm sues Qualcomm and its subsidiary Nuvia for breach of license agreements and trademark infringement, asking Qualcomm to destroy all associated chip designs — Chip technology firm Arm Ltd, which is owned by Softbank Group Corp (9984.T), said on Wednesday it has sued Qualcomm Inc (QCOM.O) …
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Arm, Tom's Hardware, iTnews, Protocol, XDA Developers, The Verge, SiliconANGLE, Financial Times, Thurrott, Bloomberg, Liliputing, Android Authority, Patently Apple, Axios, and Slashdot
Tweets: @anshelsag, @stephennellis, and @anshelsag
| Joseph Cox / VICE: |
After an outcry over serving anti-trans stalking forum Kiwi Farms, Cloudflare says denying security services due to “despicable” content is the wrong policy — The company has faced mounting pressure to stop providing security services to Kiwi Farms, whose users regularly dox and stalk trans people.
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The Cloudflare Blog, The Register, Bloomberg, and Protocol
Tweets: @cloudflare, @esqueer_, @ncweaver, @keffals, @lizthegrey, @transscribe, @bitandbang, @josephfcox, @josephfcox, @daphnehk, @josephfcox, @josephfcox, @datadrivenmd, @chemicalcrux, @aliceicecile, @adequateemily, @esqueer_, @lazerwalker, @lizthegrey, @josephfcox, @lizthegrey, @glaad, @embryethan, @gossithedog, @ariadneconill, @yoshuawuyts, @melissagira, @ra6bit, @pikhq, @shortformernie, @hpana, @drewpusateri, @tomkrazit, @cmg, @bjoewolf, @xml, @agoingaccount, and @esqueer_
| Alex Heath / The Verge: |
Memo: on top of cutting ~20% of its staff, Snap cancels its original shows, in-app games, and Zenly and Voisey apps; the layoffs could save $500M annually — Snapchat's original shows, in-app games, and camera drone are no more — Snap is laying off around 20 percent of its more than 6,400 employees …
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Snap Newsroom, Engadget, New York Times, Observer, CNN, CNBC, Variety, TechCrunch, Thurrott, Tubefilter, MobileSyrup, The Register, dot.LA, TechSpot, The Hollywood Reporter, Marketing Dive, The Information, IndieWire, TechCrunch, Neowin, Wall Street Journal, Gizmodo, Deadline, Bloomberg, Fortune, Axios, and Insider
Tweets: @sarafischer, @gergelyorosz, @tuviae, @sarafischer, @obrien, @kyurieff, @kyurieff, @alexeheath, @rachelracusen, @alexeheath, @gergelyorosz, @gergelyorosz, @gartenberg, and @sarthakgh
| Adam Morgan McCarthy / The Block: |
Albania police arrest Faruk Fatih Özer, the CEO of defunct Turkish crypto exchange Thodex who is accused of a rug pull; Thodex's losses may be as high as $2.52B — - Faruk Fatih Özer, the former Thodex CEO who is accused of rug pull, was arrested in Albania and is facing extradition to Turkey.
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CoinDesk, Decrypt, Reuters, City A.M., Input, Finbold, Tom's Hardware, CryptoPotato, CryptoSlate, Bitcoin News, and ZyCrypto
Tweets: @kapital_news and @coindesk
| Nelson Wang / CoinDesk: |
DC's AG sues Michael Saylor and MicroStrategy, alleging he evaded $25M+ in taxes by claiming to live in Florida or Virginia and the firm conspired to help him — The attorney general's office is also suing the business software company for allegedly helping him evade taxes on his earnings in the district.
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Office of the Attorney General for the District of Columbia, Fortune, Decrypt, Financial Times, CNBC, Crypto Adventure, The Block, Blockworks, Bitcoinist.com, New York Post, Cointelegraph, and Bloomberg
Tweets: @agkarlracine, @agkarlracine, @agkarlracine, @silvermanjacob, @thegarance, @venturecoinist, @tier10k, @keubiko, @ahcastor, @chubbicorn219, @silvermanjacob, @neiljacobs, @rager, @lopp, @canteringclark, @chubbicorn219, @zerohedge, @napgener, @nftherder, @adamscochran, @zerohedge, @calvinayre, @silvermanjacob, @richardheartwin, @silvermanjacob, @agkarlracine, @saylor, @coindesk, @neiljacobs, and @ahcastor
| Corin Faife / The Verge: |
Microsoft reveals a now-patched “high severity vulnerability” in TikTok for Android that could let attackers take over accounts that clicked on a malicious link — Hackers could have used the exploit to post videos, send messages, and edit account details
More:
Microsoft Security Blog, Ars Technica, iTnews, PCMag, MSPoweruser, Security Affairs, Engadget, Gizmodo, BleepingComputer, The Record, Neowin, Thurrott, and XDA Developers
Tweets: @msftsecintel and @ajohnsocyber
| Chris Scullion / Video Games Chronicle: |
Sony and Tencent's Sixjoy acquire 14.09% and 16.25% of Elden Ring game studio FromSoftware, respectively; FromSoftware's parent company Kadokawa retains 69.66% — FromSoftware says the investment may help it publish games globally - Elden Ring studio FromSoftware has announced …
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Kadokawa Corporation, Destructoid, Reuters, VentureBeat, MobileSyrup, Polygon, Washington Post, Appuals.com, PingWest, Gematsu, Dexerto, PC Gamer, MCV/DEVELOP, GameSpot, IGN, TrueAchievements, Eurogamer.net, Twinfinite, GamesIndustry.biz, and Neowin. Tweets: @nextgenplayer
| Suzanne Vranica / Wall Street Journal: |
Sources: Netflix seeks to charge brands a CPM of about $65 on its ad-supported tier, more than most other services, with an annual $20M brand spending cap — Streaming giant aims for Nov. 1 launch of ad-supported tier, ad buyers say — Netflix Inc. NFLX 1.32%▲ … | Amrith Ramkumar / Wall Street Journal: |
Ticketing service SeatGeek raised a $238M Series E led by Accel at a ~$1.2B valuation after terminating its SPAC merger deal in early June 2022 — SeatGeek has raised $238 million privately from investors including Wellington Management after recently terminating a merger …
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SeatGeek, Sports Business Journal, Yahoo Money, Front Office Sports, TechCrunch, Sportico, Crunchbase News, and PYMNTS.com. Tweets: @amrithramkumar
| ProPublica: |
An investigation details an Instagram verification scheme using fake profiles on Spotify, Apple Music, Deezer, and more; Meta removes badges from 300+ accounts — To his more than 150,000 followers on Instagram, Dr. Martin Jugenburg is Real Dr. 6ix, a well-coiffed Toronto plastic surgeon posting images … | Wall Street Journal: |
Sources: Disney explores a membership program similar to Amazon Prime, bundling streaming, theme parks, and merchandise, and adding commerce features to Disney+ — Entertainment giant looks to package streaming, parks and merchandise offerings together; aims to add commerce feature to Disney+| Mary Ann Azevedo / TechCrunch: |
Landa, whose app lets users invest in rental properties for as little as $5 via fractional ownership, emerges from stealth with an $8M seed and $25M Series A — It's safe to say that millions of Americans dream of becoming real estate investors but can't or don't due to a variety of challenges …
More:
CTech, Business Wire, and FinSMEs
| Paul Sawers / TechCrunch: |
Stockholm-based Mavenoid, which offers human- and AI-enabled product support and troubleshooting tools for hardware companies, has raised a $30M Series B — Mavenoid, a Swedish company that provides both human- and AI-enabled support and troubleshooting tools for hardware companies …
More:
Business Wire, FinSMEs, Tech.eu, Silicon Canals, null, and NordicNinja VC
| Jesse Hamilton / CoinDesk: |
a16z releases free “Can't Be Evil” licenses for NFTs, inspired by Creative Commons, on GitHub; NFT licensing has been attempted before, including by Dapper Labs — Andreessen Horowitz's crypto arm is releasing a free licensing system, aiming to help the NFT sector fulfil its “economic potential.”
More:
a16z crypto, Decrypt, Blockworks, Cryptonews, and The Block
Tweets: @milesjennings, @chrisamccoy, @alexisohanian, @felixsalmon, @icme_app, @rhhackett, @milesjennings, @betterlawmla, @nayafia, @royprice, and @adzebill
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