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May 31, 2023, 4:00 PM
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| 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 …
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GamesIndustry.biz, MobileSyrup, PC Gamer, Kotaku, TweakTown, Metro, TheGamer, and Eurogamer.net
Tweets:
@deeketweak, @variety, @stephentotilo, @variety, @hazzadorgamin, @yoda, @jasonschreier, and @toadsanime
| Bloomberg: |
Filing: Fidelity marks down the value of its Twitter stake, estimating the company is worth ~33% of the $44B that Elon Musk paid, down from 44% in November 2022 — Twitter is now worth just one-third of what Elon Musk paid for the social-media platform, according to Fidelity …
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Reuters, Ars Technica, The Register, The Guardian, CNN, Axios, Quartz, The Week, Wall Street Journal, Social Media Today, Forbes, Mashable, Newser, 9to5Mac, Associated Press, Insider, International Business Times, PYMNTS.com, Deadline, Barron's Online, The Information, Gizmodo, and Business Post
LinkedIn:
Albert Fong. Bluesky:
@joshuatopolsky.com. Tweets:
@kurtwagner8, @karaswisher, @farhip, @jason_kint, @patrickw, @vanvidum, @zaleskiluke, @davetroy, @themaxburns, @tomgara, @liston, and @edzitron
| 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.
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Eclypsium, CSO, XDA Developers, iPhone in Canada Blog, PCWorld, Dexerto, The Hacker News, TechSpot, and SecurityWeek
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@foves_fps, @malwarejake, @n0x08, @eclypsium, and @a_greenberg
| 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 …
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Apple, Analysis Group, ZDNet, Bloomberg, AppleInsider, MacRumors, 9to5Mac, PhoneArena, Fast Company, iPhone in Canada Blog, Cult of Mac, iClarified, and MacStories
| Ernesto Van der Sar / TorrentFreak: |
Torrent site RARBG, founded in 2008, shuts down and stops its content releases, citing COVID-related health problems, the Russia-Ukraine war, and inflation — RARBG, one of the world's largest torrent sites, has said “farewell” to millions of users. The site, which was a prominent … | 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.
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9to5Mac, Daring Fireball, The Verge, AppleInsider, and iPhone in Canada Blog
Tweets:
@christianselig, @phillryu, @sindresorhus, @useclear, @sdw, @cabel, and @panzer
| Mia Sato / The Verge: |
After a fake image of an “explosion” near the Pentagon went viral, Twitter adds Community Notes to images, set to appear on “recent and future matching images” — Twitter is expanding its crowdsourced fact-checking program to include images, shortly …
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PCMag, Mashable, Social Media Today, Android Headlines, TechCrunch, Neowin, Techlusive, Livemint, SiliconANGLE, Engadget, SlashGear, and PetaPixel
Tweets:
@communitynotes, @communitynotes, @communitynotes, @battleangelviv, @bradsferguson, @farzyness, and @kcoleman
| Bloomberg: |
Filing: Amazon's Ring agrees to pay $5.8M to settle FTC allegations that until 2017 Ring gave employees and third-party contractors access to customers' videos — 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.
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Reuters, CNN, Gizmodo, CyberScoop, Engadget, AppleInsider, Federal Trade Commission, CNBC, and KnowTechie
| 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 …
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Magic, FinSMEs, PYMNTS.com, CoinDesk, The Block, SiliconANGLE, crypto.news, Cointelegraph, and NFTgators
| 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.
Tweets:
@alexrkonrad, @hkanji, and @richardjnieva
| Oliver Whang / New York Times: |
A look at the BabyLM Challenge, which asks teams to create language models using datasets less than one-ten-thousandth the size of those used by advanced LLMs — Teaching fewer words to large language models might help them sound more human. — When it comes to artificial intelligence chatbots, bigger is typically better.
More:
BabyLM Challenge and Towards Data Science
Tweets:
@kevinokeefe, @biophysicsfl, @oliverwhang21, @evaportelance, and @tallinzen
| Bloomberg: |
Sources: the Biden administration is split on how to regulate generative AI; some support the EU's model while others want to avoid a competitive disadvantage — Biden administration officials are divided over how aggressively new artificial intelligence tools should be regulated … | Jenny Surane / Bloomberg: |
A profile of Plaid, valued at $13.4B, and co-founder Zach Perret, after a $58M data scraping settlement in 2022, as the startup expands and fights a PNC lawsuit — Zap $50 to a friend via Venmo. Trade Bitcoin on Robinhood. Get a student loan with SoFi.
Tweets:
@policypitts
| Priya Anand / Bloomberg: |
An investigation into Papa, a TaskRabbit-like service for seniors that has raised ~$240M, finds dozens of allegations of harassment, assault, theft, and more — If you've been to an annual open enrollment fair in the past few years, you may have noticed a new eldercare benefit with the unusual name of Papa.
Tweets:
@priyasideas, @rr_edmonds, @coryweinberg, @vandermey, @bradstone, @bigblackjacobin, @josheidelson, and @pearlf
| Kevin Roose / New York Times: |
How the Shoggoth, a character from a 1936 H.P. Lovecraft novella, became a meme among AI workers as a metaphor for not fully understanding LLMs' inner workings — The Shoggoth, a character from a science fiction story, captures the essential weirdness of the A.I. moment.
Tweets:
@tikiambassador, @kevinroose, @tiagodf, @henryfarrell, @jasoncolavito, @kevinokeefe, and @ahtzib
| Ingrid Lunden / TechCrunch: |
Toronto-based Hostaway, which offers vacation rental management tools, raised $175M led by PSG Equity, after raising less than $3M since its founding in 2015 — Tourism and travel have come roaring back into business post-pandemic, and today a startup called Hostaway that's building technology …
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Crunchbase News, BetaKit, PhocusWire, and Tech.eu
| Nikkei Asia: |
How Taiwan became indispensable in the electronics supply chain, creating Taiwanese, Chinese, and US interdependence that has deepened even as tensions rise — In the days after then-U.S. House Speaker Nancy Pelosi visited Taiwan last year, Taiwanese suppliers to U.S. tech giants including Apple …
More:
Wall Street Journal and 9to5Mac
Tweets:
@lauly_th_li, @emilyywu, @mikepeeljourno, @nikkeiasia, @chengtingfang, @dnystedt, @wongdouglas, @jojjeols, @policytensor, and @heguisen
| Leah Nylen / Bloomberg: |
Meta asks a US court to block FTC's attempt to impose new sanctions for alleged violation of a 2020 settlement — Meta Platforms Inc. is asking a federal court to bar the Federal Trade Commission from moving forward with an agency proceeding to revise its 2020 privacy settlement.| Eleanor Hawkins / Axios: |
Google's head of communications and public affairs Corey duBrowa leaves the company to serve as CEO of public relations 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.
Tweets:
@coreydu
| Victoria Song / The Verge: |
Garmin launches the $800 Fenix 7 Pro and $900 Epix 2 Pro in 42mm, 47mm, and 51mm sizes, both with an LED flashlight, better heart rate sensor, and improved maps — Garmin's joining the Pro bandwagon. On Wednesday, it's launching the Epix 2 Pro and Fenix 7 Pro, which both come with a boatload …
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Android Headlines, Gadgets & Wearables, BGR, and Notebookcheck.net
| Mark Bergen / Bloomberg: |
After raising $730M+, UK chip startup Graphcore reported $5M+ in 2021 revenue and a $183M loss; Microsoft, an investor, reportedly declined to use its chips — Nvidia is riding the AI wave to absurd heights. Its UK rival: not so much. But first... If your company sells components designed … | Emily Nicolle / Bloomberg: |
Filing: the Ontario Securities Commission opened an investigation on May 10 into Binance attempting to skirt regulations; Binance withdrew from Canada on May 12 — Crypto exchange Binance Holdings Ltd. said it has received an order from one of Canada's securities regulators to investigate whether …
More:
Ethereum World News, Bitcoin News, Fortune, and The Block
Tweets:
@frances_coppola and @emilyjnicolle
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