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June 1, 2023, 5:35 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, About Amazon, CNBC, CNN, Wall Street Journal, TechCrunch, VentureBeat, Music Ally, TechHive, BleepingComputer, BBC, The Hill, Washington Post, Gizmodo, Engadget, and Reuters
Tweets:
@ftc, @bedoyaftc, @frankpallone, @senmarkey, @leah_nylen, @linakhanftc, @rachelmetz, @digiphile, @linakhanftc, @swiftstories, and @linakhanftc
| Bloomberg: |
Amazon agrees to pay $5.8M to settle FTC allegations that Ring gave employees and third-party contractors full access to every customer video until 2017 — 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, Federal Trade Commission, Insider, U.S. District Court, District of Columbia, Axios, CyberScoop, Associated Press, Neowin, GeekWire, iTnews, Digital Trends, SiliconANGLE, Slashdot, WWLP-TV, The Record, DeviceSecurity.io, VICE, The Verge, PYMNTS.com, Engadget, WebProNews, and AppleInsider
Tweets:
@ftc, @ftc, @ashleygjovik, @ericgarland, and @amlwhere
| Mark Gurman / Bloomberg: |
Sources: Apple is testing two new high-end Macs, one with M2 Max and the other with an unannounced M2 Ultra, offering 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, iClarified, and The Verge
Tweets:
@markgurman, @markgurman, @vadimyuryev, @mehnitesh2, @gruber, and @parkerortolani
| Michael McSweeney / The Block: |
Crypto bridging protocol Multichain suspended service for multiple chains after being unable to contact its CEO to get server access, during ongoing tech issues — - Multichain, the cross-chain protocol, confirmed Wednesday that the team is unable to contact its chief executive amid ongoing technology problems.
More:
Decrypt, CoinDesk, Unchained Crypto, NFTgators, Cryptopolitan, CryptoSlate, Cointelegraph, and CoinGape
| 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, Neowin, and Digital Trends
LinkedIn:
Adam Goldberg. Tweets:
@openai, @janleike, @gdb, @sarbjeetjohal, @hnadim87, @keerthanpg, @mchammer, @0xfoobar, @dejanseo, @nyxtelius, @spolu, @borismpower, @haydenfield, @sama, @alexandrosm, @glenngabe, and @infoxiao
| 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, SlashGear, BGR, Appleosophy, TechCrunch, Android Authority, Six Colors, and iPhone in Canada Blog
Bluesky:
@carnage4life.bsky.social. Tweets:
@christianselig, @s8mb, @wongmjane, @sdw, @andruedwards, @nideveloper, @ow, @pt, @snazzylabs, @phillryu, @sindresorhus, @giovan_h, @javi, @panzer, @greentetra_, @jonyiveparody, @headfallsoff, @saketme, @cabel, @timsweeneyepic, and @useclear
| Aisha Malik / TechCrunch: |
Instagram details ranking content in Feed, Stories, Reels, and more, and is testing more user controls, including an “Interested” button for recommended posts — Instagram announced today that it's testing a new feature that gives users more control over what they see on the social network …
More:
Instagram, The Verge, Techlusive, Engadget, BGR, Social Media Today, and Search Engine Journal
Tweets:
@mosseri, @hagazo, @titterdaily, @kei_maye, @zamaan_qureshi, and @christinasbg
| Reuters: |
Sources: a planned $3B chip plant in India by ISMC, a consortium that included chipmaker Tower, has 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:
@dnystedt, @adityakalra, @reuters, 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
| 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 headsets, and opens preorders — 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, Ultraleap, The Verge, The Verge, Ultraleap on YouTube, and UploadVR
| 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.| 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 … | Bloomberg: |
Tether's USDT circulation surpasses its $83.2B all-time-high, recovering the ~$20B lost after TerraUSD imploded in 2022, even as crypto trading volumes drop — Tether Holdings Ltd.'s stablecoin has recovered all of the roughly $20 billion in market value it lost following the collapse … | Liz Young / Wall Street Journal: |
Amazon plans to roll out AI to 12 fulfillment centers to help find damaged goods and says the tech is 3x as effective at spotting damage than a warehouse worker — Company expects artificial intelligence to reduce the number of damaged items moving through fulfillment centers and to speed up deliveries| 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, Wired, The Seattle Times, Fortune, The Hill, Seattle Business Journal, Reuters, GeekWire, Gizmodo, Engadget, Associated Press, and CNBC
Tweets:
@alexpsbj, @kslosh, @choeshow, @jackiekentnews, and @martinsfp
| 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:
@n0x08, @nikolajschlej, @eclypsium, @foves_fps, @malwarejake, and @a_greenberg
| 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
| 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, Axios, TheGamer, Gamereactor UK, Game Developer, MobileSyrup, Kotaku, GamingBolt, PC Gamer, GamesIndustry.biz, Metro.co.uk, Eurogamer.net, and Video Games Chronicle
Tweets:
@chronofloss, @deeketweak, @yoda, @leavittalone, @jasonschreier, @theviveros, @chafkin, @stephentotilo, @toadsanime, @variety, @hazzadorgamin, and @variety
Sponsor Posts
Google:
Generate videos with Veo 3 in Google Gemini — Create high-quality, 8-second videos with Veo 3, our state-of-the-art AI video generator. Try it with a Google AI Pro plan or get the highest access with the Ultra plan.
Generate videos with Veo 3 in Google Gemini — Create high-quality, 8-second videos with Veo 3, our state-of-the-art AI video generator. Try it with a Google AI Pro plan or get the highest access with the Ultra plan.
UiPath:
UiPath Unveils 10 Innovations that Will Shape the Agentic Future — Orchestration engine, API workflows and agentic testing among key features of new UiPath Platform™ for agentic automation, launched at UiPath DevCon 2025
UiPath Unveils 10 Innovations that Will Shape the Agentic Future — Orchestration engine, API workflows and agentic testing among key features of new UiPath Platform™ for agentic automation, launched at UiPath DevCon 2025
Zoho:
6 Tips to Unlock Revenue with Transactional Emails — This is a guest post by Tabular.You might think of transactional emails as boring necessities, but the truth is, they're far more powerful than you realize.
6 Tips to Unlock Revenue with Transactional Emails — This is a guest post by Tabular.You might think of transactional emails as boring necessities, but the truth is, they're far more powerful than you realize.
IDrive:
Protecting your Cloud Applications Data — Backing up Office 365, Google Workspace, Dropbox & Box data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.
Protecting your Cloud Applications Data — Backing up Office 365, Google Workspace, Dropbox & Box data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.Featured Podcasts
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Why Uber's CPO delivers food on weekends | Sachin Kansal
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Techmeme Ride Home:
Big Meta/Anduril Deal Is A Big Deal
The day's tech news, every day at 5pm ET. Fifteen minutes and you're up to date.
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The Social Radars:
Ron Conway, Founder, SV Angel Part 4 (Bonus)
Come be a fly on the wall as Y Combinator's Jessica Livingston and Carolynn Levy talk to some of the most successful founders in Silicon Valley about how they did it.
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Hard Fork:
The A.I. Jobpocalypse + Building at Anthropic with Mike Krieger + Hard Fork Crimes Division
The future is already here. Each week, journalists Kevin Roose and Casey Newton explore and make sense of the latest in the rapidly changing world of tech.
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Rick Smith (CEO, Axon): The Wild Ride From Near-Bankruptcy to $50B+
A podcast hosted by Logan Bartlett, an investor at Redpoint Ventures, covering tech with industry insiders.
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'Sewing Machine Repair Shop', With Patrick McGee
The director's commentary track for Daring Fireball. Long digressions on Apple, technology, design, movies, and more.
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iTnews, Salesforce, SiliconANGLE, Investor's Business Daily, The Information, Fortune, Constellation Research, Reuters, and Dow Jones Newswires
Tweets:
@barbariancap and @jordannovet
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Tweets:
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