Techmeme
May 17, 2023, 7:35 AM

Top News

Abner Li / 9to5Google:
Google updates its inactivity policy: accounts inactive for at least two years will be deleted, except for those with YouTube videos, starting in December 2023  —  In 2020, Google said it would remove content stored in an inactive account (but not the account itself) to preserve storage space.
CNBC:
In an interview, Elon Musk discussed acquiring Twitter, defended his inflammatory tweets, called tech workers the “laptop class living in la-la-land”, and more  —  Tesla CEO Elon Musk sat down for a sprawling interview with CNBC anchor David Faber on Tuesday following .
Lawrence Abrams / BleepingComputer:
Cybersecurity researchers and IT admins raise concerns over Google's new .zip and .mov TLDs, warning that threat actors could use them for phishing and malware  —  Cybersecurity researchers and IT admins have raised concerns over Google's new ZIP and MOV Internet domains …
Jonathan Greig / The Record:
Symantec says an APT called Lancefly used custom malware to attack governments, telcos, and other organizations in Asia from the middle of 2022 through Q1 2023  —  A government-backed hacking group known as “Lancefly” has been seen using custom-made malware to attack governments, telecoms and other organizations across Asia.
Judith Bannermanquist / Cointelegraph:
Crypto wallet startup Ledger faces criticism after unveiling an optional seed phrase recovery subscription service that some security experts say is insecure  —  Many members of the crypto community believe Ledger's latest seed phrase recovery feature is a bad idea.  —  362 Total views
Rohan Goswami / CNBC:
The US DOJ alleges former Apple engineer Weibao Wang stole Apple's autonomous tech, including source code, for a Chinese company working on a self-driving car  —  - Weibao Wang was charged with six counts of theft or attempted theft by prosecutors, who allege he stole troves of source code …
Chance Miller / 9to5Mac:
Apple touts $2B+ in App Store fraud stopped in 2022, nearly 3.9M stolen credit cards blocked, 147M+ ratings/reviews removed, and 428K developer accounts closed  —  Apple is out with a new press release today touting the success of the App Store's ability to prevent fraud.
Richard Waters / Financial Times:
Tech companies are racing to run generative AI natively on mobile devices to reduce computing costs, but face hurdles like limited memory and processing power  —  Tech companies seek processing power in handsets to reduce computing costs and improve speed of AI chatbots
Kevin Purdy / Ars Technica:
Belkin says the company won't patch a buffer overflow vulnerability in the Wemo Mini Smart Plug V2 disclosed on March 14 as the device is at the end of its life  —  Tricking a plug with a too-long name could lead to buffer overflows, injections.  —  I once co-owned a coworking space.
Brian Krebs / Krebs on Security:
Researchers bought 228 phones from PropertyRoom.com, a top auction house for US police departments, and found many had not been wiped and had no PIN or passcode  —  Countless smartphones seized in arrests and searches by police forces across the United States are being auctioned online without …
Financial Times:
Sources: Volkswagen has held talks to use Huawei software in its cars in China, after its software unit Cariad was hit by budget misses and development delays  —  Turmoil at German carmaker's in-house software arm threatens to affect market share  —  Volkswagen has held talks to use Huawei software …
Washington Post:
The US announces charges, sanctions, and a $10M reward for info leading to the arrest of Russian national Mikhail Matveev, a Babuk ransomware campaign suspect  —  The Justice, Treasury and State departments announced a crackdown on suspect Mikhail Matveev, with economic sanctions and a $10 million reward for his arrest
Tech Transparency Project:
Researchers find YouTube's algorithm recommended videos on guns and shooting to young gamers, despite the platform's policies against violent and gory content  —  YouTube says it delivers ‘responsible’ video recommendations.  But its algorithms steered accounts for young gamers toward content on guns …
Ingrid Lunden / TechCrunch:
IBM acquires cloud data protection startup Polar Security, a source says for ~$60M, and plans to integrate Polar into its Guardium unit, itself acquired in 2019  —  Update: IBM has now confirmed the news and said Polar will be integrated into its Guardium unit (itself based on an acquisition from way back in 2009).
Jing Yang / Wall Street Journal:
Sources: Shein raised $2B at a $66B valuation, down from ~$100B in 2022, co-led by Sequoia, General Atlantic, and Mubadala; Shein generated $23B in 2022 revenue  —  Online retailer made $800 million net profit in 2022 and is targeting 40% growth, but faces geopolitical headwinds and rising competition
More: Reuters
Sarah Perez / TechCrunch:
Apple rolls out new concert discovery features, including Set Lists in Apple Music for select artists and Guides to local venues in Apple Maps for select cities  —  Apple is bringing concert discovery to two of its flagship apps, Apple Music and Apple Maps, the company announced today.
Amanda Silberling / TechCrunch:
Cat Zakrzewski / Washington Post:
A recap of the testimony from OpenAI CEO Sam Altman, IBM VP Christina Montgomery, and professor Gary Marcus at a US Senate Judiciary subcommittee hearing  —  OpenAI CEO Sam Altman will testify to Congress on AI like ChatGPT as regulations and oversight are being considered.
Financial Times:

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More News

CNBC:
Nikhilesh De / CoinDesk:

Earlier Picks

Bloomberg:
Emma Roth / The Verge:
Ingrid Lunden / TechCrunch: