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June 1, 2023, 3:50 AM
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WeSmirchTop News
| Natasha Singer / New York Times: |
Amazon agrees to pay $25M to settle FTC and DOJ charges over the company keeping Alexa voice recordings and geolocation data collected from children for years — Regulators said the tech giant kept children's Alexa voice recordings “forever,” violating a children's privacy law.
More:
Federal Trade Commission, U.S. District Court, Western District of Washington, CNN, About Amazon, CNBC, Wall Street Journal, BBC, VentureBeat, BleepingComputer, TechHive, The Hill, TechCrunch, Washington Post, Gizmodo, and Reuters
Tweets:
@ftc, @bedoyaftc, @senmarkey, @leah_nylen, @linakhanftc, @rachelmetz, @digiphile, @linakhanftc, @swiftstories, and @linakhanftc
| Bloomberg: |
Amazon's Ring agrees to pay $5.8M to settle FTC allegations that until 2017, Ring gave employees and third-party contractors full access to every customer video — Amazon.com Inc. agreed to pay $30.8 million to resolve two cases brought by the Federal Trade Commission Wednesday related to privacy lapses by its smart devices.
More:
Federal Trade Commission, Reuters, TechCrunch, The Ring Blog, U.S. District Court, District of Columbia, Federal Trade Commission, Insider, Axios, CyberScoop, Associated Press, Neowin, iTnews, SiliconANGLE, GeekWire, DeviceSecurity.io, Digital Trends, VICE, Slashdot, WWLP-TV, The Record, The Verge, Engadget, PYMNTS.com, AppleInsider, and WebProNews
Tweets:
@ftc, @ftc, @ashleygjovik, @ericgarland, and @amlwhere
| Michael McSweeney / The Block: |
Crypto bridging protocol Multichain says it suspended service for multiple chains after being unable to contact its CEO to get server access amid tech problems — - Multichain, the cross-chain protocol, confirmed Wednesday that the team is unable to contact its chief executive amid ongoing technology problems.
More:
Decrypt, Unchained Crypto, CoinDesk, NFTgators, CryptoSlate, Cryptopolitan, Cointelegraph, and CoinGape
| Mark Gurman / Bloomberg: |
Sources: Apple is testing two new high-end Macs, one with M2 Max, and the other with the unannounced M2 Ultra chip with 60 graphics cores and up to 192GB of RAM — Apple Inc. is testing a pair of new high-end Macs and their accompanying processors ahead of its Worldwide Developers Conference next week …
More:
Neowin, 9to5Mac, AppleInsider, MacRumors, Wccftech, iPhone in Canada Blog, The Verge, iClarified, and Macworld
Tweets:
@markgurman, @vadimyuryev, @mehnitesh2, @gruber, and @parkerortolani
| Juli Clover / MacRumors: |
Reddit client Apollo's developer says Reddit plans to charge $12K for 50M API requests and that he would need to pay $20M per year to keep operating the app — Popular Reddit app Apollo might not be able to operate as is in the future due to planned API pricing that Reddit is implementing.
More:
reddit, Ars Technica, MacStories, 9to5Mac, Daring Fireball, AppleInsider, The Verge, Neowin, TechCrunch, Android Authority, BGR, SlashGear, Appleosophy, Six Colors, and iPhone in Canada Blog
Bluesky:
@carnage4life.bsky.social. Tweets:
@christianselig, @giovan_h, @wongmjane, @sdw, @andruedwards, @nideveloper, @ow, @pt, @snazzylabs, @phillryu, @sindresorhus, @javi, @panzer, @greentetra_, @jonyiveparody, @headfallsoff, @saketme, @cabel, @timsweeneyepic, and @useclear
| Hayden Field / CNBC: |
OpenAI researchers say training AI with process supervision, which rewards the thought process rather than the outcome, could help prevent hallucinations — - AI hallucinations occur when models like OpenAI's ChatGPT or Google's Bard fabricate information entirely.
More:
OpenAI, International Business Times, and Neowin
LinkedIn:
Adam Goldberg. Tweets:
@openai, @janleike, @gdb, @sarbjeetjohal, @hnadim87, @keerthanpg, @mchammer, @0xfoobar, @dejanseo, @nyxtelius, @spolu, @borismpower, @haydenfield, @sama, @alexandrosm, @glenngabe, and @infoxiao
| Reuters: |
Sources: a planned $3B chip plant in India by ISMC, a consortium that included chipmaker Tower, has been stalled due to the company's pending takeover by Intel — A planned $3 billion semiconductor facility in India by chip consortium ISMC that counted Israeli chipmaker Tower as a tech partner …
Tweets:
@reuters, @dnystedt, @adityakalra, and @adityakalra
| Sarah Perez / TechCrunch: |
Apple touts an Analysis Group study saying its App Store ecosystem generated $1.1T in 2022, up 29% YoY; $910B came from the sale of physical goods and services — Ahead of Apple's Worldwide Developer Conference next week, the company is offering an update on its app ecosystem with the release …
More:
Analysis Group, Apple, Patently Apple, PhoneArena, iPhone in Canada Blog, Cult of Mac, iClarified, Fast Company, MacStories, ZDNet, Bloomberg, AppleInsider, MacRumors, and 9to5Mac
Tweets:
@seanlinehan, @timsweeneyepic, @munster_gene, @drbarnard, @munster_gene, @drbarnard, @munster_gene, @asymco, @munster_gene, and @munster_gene
| Frederic Lardinois / TechCrunch: |
Cortex, which sells an internal developer portal for teams making software at scale, raised a $35M Series B led by IVP, taking its total funding to nearly $53M — Cortex, a startup building an internal developer portal that helps engineering teams build better software at scale … | Ben Lang / Road to VR: |
Ultraleap unveils the $140 hand-tracking module Leap Motion 2, its first since the original in 2013, with support for standalone XR headsets; preorders open — The Daily Roundup Newsletter — Keep your finger on the pulse of the XR industry with the Daily Roundup, the most important news in one daily email.
More:
Auganix.org, The Ghost Howls, The Verge, The Verge, Ultraleap on YouTube, and UploadVR
| Andy Greenberg / Wired: |
Eclypsium: a firmware flaw in 271 Gigabyte motherboards could let hackers install malware when the PC restarts; Gigabyte plans a fix, but problems could persist — Hidden code in hundreds of models of Gigabyte motherboards invisibly and insecurely downloads programs—a feature ripe for abuse, researchers say.
More:
Eclypsium, gHacks Technology News, Tom's Hardware, CSO, iPhone in Canada Blog, XDA Developers, TechSpot, The Hacker News, PCWorld, Dexerto, and SecurityWeek
LinkedIn:
Tony Vizza. Tweets:
@foves_fps, @n0x08, @nikolajschlej, @eclypsium, @malwarejake, and @a_greenberg
| Ernesto Van der Sar / TorrentFreak: |
Torrent site RARBG, founded in 2008, shuts down and stops all its content releases, citing COVID-related health problems, Russia's war in Ukraine, and inflation — Founded in 2008, RARBG evolved to become a key player in the torrent ecosystem. — The site didn't only attract millions …
More:
VICE, RARBG, London Evening Standard, TorrentFreak, and Neowin
Tweets:
@seamus_malek and @capybaroness
| Cynthia Littleton / Variety: |
Activision CEO Bobby Kotick says he was humbled and outraged by toxic workplace culture claims and blames “outside forces” for most of Activision's image issues — Bobby Kotick has a secret: He was ready to buy Time Warner a few years ago.The CEO of Activision Blizzard drops …
More:
TweakTown, Game Developer, TheGamer, Gamereactor UK, GamingBolt, MobileSyrup, Kotaku, PC Gamer, GamesIndustry.biz, Metro.co.uk, Eurogamer.net, and Video Games Chronicle
Tweets:
@chronofloss, @deeketweak, @variety, @stephentotilo, @variety, @hazzadorgamin, @yoda, @leavittalone, @jasonschreier, @theviveros, @chafkin, and @toadsanime
| Kate Clark / The Information: |
Sources: NYC-based Runway, which uses AI to let users generate videos from text descriptions, raised ~$100M from Google and others at a ~$1.5B valuation — Google is investing in Runway, a New York-based startup that lets customers generate video from text descriptions using artificial intelligence … | Liz Young / Wall Street Journal: |
Amazon is rolling out AI across 12 fulfillment centers to weed out damaged goods and says the tech is 3x as effective at spotting damage as a warehouse worker — Company expects artificial intelligence to reduce the number of damaged items moving through fulfillment centers and to speed up deliveries| Jane Lee / Reuters: |
Boston-based Lightmatter, which uses light for AI computing, raised a $154M Series C from Fidelity, GV, and others, and claims to have tripled its valuation — Lightmatter, a Boston-based startup using light for AI computing, said on Wednesday it raised $154 million and tripled its valuation …
More:
PitchBook, TechCrunch, Lightmatter, SiliconANGLE, Crunchbase News, and TNW
| Jordan Novet / CNBC: |
Salesforce reports Q1 revenue up 11% YoY to $8.25B, vs. $8.18B est., capital expenditures up 36% YoY to $243M, vs. $205M est., and raises Q2 guidance above est. — - Salesforce surpassed estimates across the board and raised its full-year earnings guidance.
More:
iTnews, Salesforce, SiliconANGLE, Investor's Business Daily, The Information, Constellation Research, Dow Jones Newswires, Reuters, and Fortune
Tweets:
@barbariancap and @jordannovet
| Bloomberg: |
Evident: at some banks, about 40% of all open job roles are AI-related; JPMorgan advertised 3,651 AI-related roles from February 2023 through April 2023 — Deutsche Bank AG is using artificial intelligence to scan wealthy client portfolios. ING Group NV is screening for potential defaulters.| Caroline O'Donovan / Washington Post: |
Hundreds of white-collar Amazon workers in Seattle walked off the job, frustrated by job losses, a return-to-office mandate, carbon emissions, and leadership — Frustrated by job losses, office policies and rising carbon emissions, white-collar Amazon workers are demanding more from leadership
More:
CNN, The Hill, Wired, The Seattle Times, Fortune, Reuters, Seattle Business Journal, GeekWire, Gizmodo, Engadget, Associated Press, and CNBC. Tweets:
@martinsfp
| Mike Freeman / San Diego Union-Tribune: |
San Diego-based Measurabl, which makes carbon footprint management tools for properties, raised a $93M Series D led by Energy Impact Partners and Sway Ventures — Measurabl managed to raise money despite the venture capital market being largely frozen for technology entrepreneurs.
More:
TechCrunch, Commercial Observer, Measurabl, Axios, FinSMEs, and socaltech.com
| Jagmeet Singh / TechCrunch: |
Bengaluru-based Capillary Technologies, whose SaaS helps companies manage their loyalty programs, raised a $45M Series D, bringing its total funding to ~$150M — Capillary Technologies, an Indian SaaS startup that offers solutions for loyalty management and customer engagement …
More:
Entrackr, Inc42 Media, and YourStory.com
| Rohan Goswami / CNBC: |
CrowdStrike reports Q1 revenue up 42% YoY to $692.6M, vs. $676.4M est., and ARR up 42% YoY to $2.73B, slower than the 61% growth in Q1 2023; CRWD drops 10%+ — - CrowdStrike reported first quarter results for its fiscal 2024 year on Wednesday, at a time when China-related cybersecurity concerns have mounted.| Ingrid Lunden / TechCrunch: |
Berlin-based travel experiences marketplace GetYourGuide raised $194M, with an $85M Series F and a $109M revolving credit facility, at a $2B valuation — The tourist industry is bouncing back after a rough couple of pandemic-stressed years, and in the case of some tourism and travel startups … Sponsor Posts
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Zoho:
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Genesys:
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