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June 1, 2023, 1:20 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, CNN, CNBC, SiliconANGLE, Wall Street Journal, Associated Press, Reading Eagle, TechHive, The Hill, TechCrunch, Engadget, BBC, Gizmodo, VentureBeat, Washington Post, BleepingComputer, and Reuters
Tweets:
@ftc, @bedoyaftc, @senmarkey, @leah_nylen, @linakhanftc, @rachelmetz, @swiftstories, @digiphile, @linakhanftc, 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, The Ring Blog, Axios, TechCrunch, Federal Trade Commission, Insider, CyberScoop, iTnews, SiliconANGLE, U.S. District Court, District of Columbia, Neowin, GeekWire, WWLP-TV, DeviceSecurity.io, Digital Trends, VICE, The Verge, Engadget, The Record, 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:
CoinDesk, Cointelegraph, NFTgators, Cryptopolitan, CryptoSlate, 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, AppleInsider, MacRumors, The Verge, iPhone in Canada Blog, 9to5Mac, Wccftech, 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, Appleosophy, Engadget, TechCrunch, Android Authority, Neowin, BGR, SlashGear, and Six Colors
Bluesky:
@carnage4life.bsky.social. Tweets:
@christianselig, @andruedwards, @nideveloper, @snazzylabs, @sindresorhus, @panzer, @greentetra_, @cabel, @timsweeneyepic, @sdw, @ow, @pt, @phillryu, @javi, @jonyiveparody, @headfallsoff, @saketme, 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
Tweets:
@openai, @janleike, @keerthanpg, @mchammer, @spolu, @borismpower, @sama, @glenngabe, @infoxiao, @gdb, @sarbjeetjohal, @0xfoobar, @nyxtelius, @haydenfield, and @alexandrosm
| 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, iPhone in Canada Blog, iClarified, PhoneArena, Patently Apple, Cult of Mac, Fast Company, MacStories, ZDNet, Bloomberg, AppleInsider, MacRumors, and 9to5Mac
Tweets:
@seanlinehan, @munster_gene, @drbarnard, @munster_gene, @timsweeneyepic, @drbarnard, @munster_gene, @munster_gene, @asymco, and @munster_gene
| 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, iPhone in Canada Blog, XDA Developers, CSO, TechSpot, The Hacker News, PCWorld, Dexerto, and SecurityWeek
LinkedIn:
Tony Vizza. Tweets:
@foves_fps, @eclypsium, @malwarejake, @n0x08, @nikolajschlej, and @a_greenberg
| 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 … | 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:
Axios, TweakTown, GamingBolt, TheGamer, Game Developer, Gamereactor UK, Kotaku, GamesIndustry.biz, MobileSyrup, PC Gamer, Metro.co.uk, Eurogamer.net, and Video Games Chronicle
Tweets:
@deeketweak, @variety, @stephentotilo, @leavittalone, @theviveros, @chronofloss, @variety, @hazzadorgamin, @yoda, @jasonschreier, @chafkin, and @toadsanime
| 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:
RARBG, VICE, TorrentFreak, London Evening Standard, and Neowin
Tweets:
@seamus_malek and @capybaroness
| 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, SiliconANGLE, Lightmatter, Crunchbase News, and TNW
| 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| 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:
Salesforce, Fortune, SiliconANGLE, Investor's Business Daily, The Information, Constellation Research, Dow Jones Newswires, and Reuters
Tweets:
@barbariancap and @jordannovet
| 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:
Commercial Observer, Measurabl, Axios, FinSMEs, and socaltech.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.
More:
Dow Jones Newswires and Investor's Business Daily
| 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.| Forbes: |
A profile of AMD CEO Lisa Su, who orchestrated one of the great tech turnarounds after her 2014 takeover, as the company attempts to take Nvidia's AI chip crown — AMD's CEO orchestrated one of the great turnarounds in Silicon Valley history, driving the dying semiconductor maker's stock price up nearly 30-fold in less than a decade.| Eleanor Hawkins / Axios: |
Google's head of communications and public affairs, Corey duBrowa, will leave the company in June 2023 to serve as the CEO of global PR firm Burson Cohn & Wolfe — Corey duBrowa will depart Google and parent company Alphabet in June to serve as CEO of global public relations firm Burson Cohn & Wolfe (BCW), Axios has learned.| 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, Moneycontrol, YourStory.com, and Inc42 Media
| 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:
The Ghost Howls, The Verge, The Verge, Ultraleap, and UploadVR
| Jeff John Roberts / Fortune: |
Magic, which offers SDKs to help companies create and maintain bespoke on-chain crypto wallets, raised $52M led by PayPal Ventures at a sub-$500M valuation — The biggest crypto wallet you've never heard of is flourishing. San Francisco-based Magic announced on Wednesday that it's raised $52 million …
More:
PR Newswire, CoinDesk, 24/7 Wall St., FinSMEs, Metaverse Post, crypto.news, SiliconANGLE, PYMNTS.com, NFTgators, Cointelegraph, and The Block
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:
Sandbox testing: Create Mail Agents in sandbox mode — Email is considered the backbone for any organization's communication. That's even more true for transactional emails, which are operation-critical for any business.
Sandbox testing: Create Mail Agents in sandbox mode — Email is considered the backbone for any organization's communication. That's even more true for transactional emails, which are operation-critical for any business.
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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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
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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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How private equity kills companies and communities
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