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February 17, 2023, 2:05 PM
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Top News

Suvashree Ghosh / Bloomberg:
The SEC says Do Kwon and Terraform Labs have withdrawn $100M+ out of a cold wallet holding 10K+ Bitcoin via an intermediary Swiss bank account since June 2022  —  Crypto fugitive Do Kwon and the firm he founded transferred over 10,000 Bitcoin out of their doomed project and turned …
Bloomberg:
The SEC sues Terraform Labs and Do Kwon, accusing them of selling unregistered securities and perpetrating a fraudulent scheme that lost $40B+ in market value  —  The US Securities and Exchange Commission is preparing to sue the company behind TerraUSD, a crypto stablecoin whose collapse …
New York Times:
Microsoft is considering limiting Bing chatbot's conversation lengths and adding tools to let users restart conversations or give them more control over tone  —  The company knew the new technology had issues like occasional accuracy problems.  But users have prodded surprising and unnerving interactions.
Sheila Dang / Reuters:
Source: Microsoft is demoing the Bing chatbot to ad agencies and is testing inserting traditional search ads and industry-specific ads into the responses
Yueqi Yang / Bloomberg:
Source: Binance is considering de-listing USDC and other tokens from US projects, ending US partnerships, and closing VC investments, amid regulatory scrutiny  —  Crypto giant Binance Holdings Ltd. is considering ending relationships with US business partners as regulators turn up the heat.
Wall Street Journal:
Sources: Meta gave ~10% of employees subpar ratings in recent performance reviews, a potential sign of more layoffs, and cut a bonus metric to 85% of its target  —  The performance-review process is expected to set the stage for more workforce reductions this year  —  Why Tech Layoffs Don't Reflect the Job Market
Clothilde Goujard / Politico:
Under the Digital Services Act, online platforms disclose their MAUs in the EU: YouTube has 401M+, Facebook ~255M, Instagram ~250M, TikTok 150M, Twitter 100.9M  —  TikTok, Twitter, Facebook and Instagram have now confirmed they will face the strictest rules under the EU's content-moderation law, the Digital Services Act (DSA).
Josh Ye / Reuters:
Sources: Tencent cuts its 300-strong metaverse unit and drops VR hardware plans due to trouble achieving quick profitability and the need for a big investment  —  Tencent Holdings (0700.HK) is abandoning plans to venture into virtual reality hardware, as a sobering economic outlook prompts …
Sergiu Gatlan / BleepingComputer:
GoDaddy says it discovered a multi-year security breach in early December 2022 where unknown attackers stole source code and installed malware on its servers  —  Web hosting giant GoDaddy says they suffered a breach where unknown attackers have stolen source code and installed malware …
OpenAI:
OpenAI aims to improve ChatGPT's behavior by reducing biases, allowing more user customization, and getting more public input into the company's decision-making  —  We're clarifying how ChatGPT's behavior is shaped and our plans for improving that behavior, allowing more user customization …
Kris Holt / Engadget:
Samsung says the Message Guard feature in Galaxy S23 series will prevent zero-click exploits via messaging apps by detecting malware hidden in image attachments  —  Zero-click attacks, which can install malware onto a device without the user clicking or tapping on anything, have been on the rise in recent years.
Victoria Song / The Verge:
Fitbit plans to remove adventures, challenges, and open groups on March 27 and replace Studio with an SDK; Google says the app's features were of “limited use”  —  Fitbit users: better one-up your friends in challenges while you still can.  Starting March 27th …
Cristiano Lima / Washington Post:
The FTC launches an Office of Technology, increasing the number of technologists on staff from 10 to ~22 ahead of legal battles with Amazon, Microsoft, and Meta  —  Happy Friday!  A quick programming note: The newsletter will be off Monday for the holiday, but back in your inboxes Tuesday.
Bloomberg:
Filing: the Saudi Arabian Public Investment Fund's Savvy Games Group now owns 8.3% of Nintendo, the largest outside stake, up from ~6% at the start of 2023  —  Saudi Arabia's Public Investment Fund became the largest outside shareholder of Nintendo Co. on Friday, in the latest move by the Gulf state to lower its reliance on oil.

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This is a Techmeme archive page. It shows how the site appeared at 2:05 PM ET, February 17, 2023.

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.

From Mediagazer

Max Tani / @maxwelltani:
In email to staff, AG Sulzberger says the NYT Tech Guild strike will likely continue through the election and accuses the Guild of blocking essential journalism

Mandy Dalugdug / Music Business Worldwide:
UMG, ABKCO, and Concord sue Believe and its subsidiary TuneCore for $500M+, alleging Believe built its business via “industrial-scale copyright infringement”

Christopher Palmeri / Bloomberg:
Sources: Shari Redstone does not plan to stay on the board of Paramount Global after the company completes its planned merger with Skydance Media

More News

Kate Clark / The Information:
Stripe's pitch deck to investors says it needs $4B by the end of 2024 to cover a tax withholding bill when it modifies employee stock grants before an IPO
Janko Roettgers / Lowpass:
A patent and a job listing suggest Meta is working on an advanced smart glasses assistant; docs show staff have tested a proactive assistant on Ray-Ban Stories

Earlier Picks

Jay Peters / The Verge:
Apple's iOS 16.4 and iPadOS 16.4 betas add support for Safari web apps on the homescreen to send push notifications and show notification badges
Jennifer Elias / CNBC:
In an email, Google's Search SVP tells staff to rewrite Bard's bad responses in a “neutral tone” and to “not imply emotion” as the tool “learns best by example”
Tom Warren / The Verge:
Microsoft authorizes Parallels Desktop 18 to support Windows 11 on Apple's M1 and M2 Macs, after previously only licensing ARM versions of Windows to OEMs
Aisha Malik / TechCrunch:
Meta launches Instagram Channels, a broadcast chat feature that lets select US creators share public, one-to-many text, images, and more with their followers
Sarah Perez / TechCrunch:
Tile debuts an anti-theft mode that requires biometric data, a government ID, and a ToS letting Tile share info with police, to limit the misuse of its trackers
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