Techmeme
June 1, 2023, 6:25 PM

Top News

Meta:
Meta unveils the $500 Quest 3, “the first mainstream headset with high-res color MR”, slimmer and over 2x the GPU performance vs. the Quest 2, coming this fall  —  Meta Quest 3 Launches Later This Year + Lower Prices & Improvements for Quest 2 The countdown is on for …
More: Meta, YouTube, The Verge, Bloomberg, Livemint, Ars Technica, AppleInsider, 9to5Mac, Reuters, CNBC, The Verge, Financial Times, Social Media Today, SiliconANGLE, ZDNet, Neowin, UploadVR, SlashGear, Insider, Engadget, IDC, GameRevolution, The Information, MobileSyrup, Forbes, Twinfinite, TechRadar, Tech Advisor, Press Start, CNET, Kotaku, Wccftech, Variety, Thurrott, MacDailyNews, iPhone in Canada Blog, Destructoid, Wired, PCWorld, Tech News Outlet, Pocket-lint, TechPowerUp, Fast Company, Laptop Mag, BigTechWire, BetaNews, Android Central, Android Headlines, WinBuzzer, TechEBlog, Liliputing, Metro, TechSpot, Patently Apple, Financial Times, Cult of Mac, Digital Trends, PC Gamer, Android Authority, GameSpot, VRScout, OnMSFT.com, Tom's Guide, MacRumors, Polygon, Push Square, Game Developer, T3, TechCrunch, Metaverse Post, Road to VR, Eurogamer.net, IGN, and WRAL TechWire
Jon Porter / The Verge:
Daryna Antoniuk / The Record:
The FSB claims Apple helped the NSA hack Russian diplomats' iPhones; Kaspersky: unknown malware leveraged zero-click exploits on iPhones running up to iOS 15.7  —  Russia's Federal Security Service (FSB) is accusing U.S. intelligence of hacking “thousands of Apple phones” to spy on Russian diplomats.
AnnaMaria Andriotis / Wall Street Journal:
Some Apple Savings Account users have had trouble transferring money out of their accounts; Goldman representatives have given differing responses on what to do  —  Some customers said it has taken weeks to withdraw their money, and that the bank's instructions have differed
Michael Potuck / 9to5Mac:
Survey: 53% of Android device owners switched to iOS due to prior phone problems and 26% for new iPhone features; only 6% moved because of iMessage and FaceTime  —  Following its report that showed Android users pivoting to iPhone at a 5-year high, CIRP is out today with a study that reveals why people are making the switch.
Source: CIRP - Apple ReportMore: BGR, Phandroid, and Gizchina
Bluesky: @dewittclinton.comTweets: @teja2495 and @hardwarezone
Allison Johnson / The Verge:
Motorola launches two new Razr phones, including the $999 Razr Plus with a 3.6" outer display, a 6.9" inner 165Hz 1080p panel, and a Snapdragon 8+ Gen 1 chipset  —  Moto is adding two new foldables, led by the Razr Plus.  Its 3.6-inch cover screen makes it more than just a nostalgic tribute to your favorite 2000s flip phone.
Jason Schreier / Bloomberg:
After Microsoft acquired ZeniMax for $7.5B in 2020, sources detail development issues for Redfall, one of 2023's worst-reviewed games and Xbox's latest misfire  —  Over the years, Microsoft Corp.-owned video-game developer Arkane Studios has cultivated a reputation for releasing games …
Aisha Malik / TechCrunch:
Instagram details how the app ranks Feed content, Stories, Reels, and more, and tests 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 …
Caroline O'Donovan / Washington Post:
Hundreds of white-collar Amazon staff in Seattle walk off the job, frustrated by job losses, a return-to-office mandate, rising carbon emissions, and leadership  —  Frustrated by job losses, office policies and rising carbon emissions, white-collar Amazon workers are demanding more from leadership
Isaac Schorr / Mediaite:
Hayden Field / CNBC:
OpenAI researchers say training AI using process supervision, which rewards each step of reasoning rather than the outcome, could help prevent hallucinations  —  - AI hallucinations occur when models like OpenAI's ChatGPT or Google's Bard fabricate information entirely.
Kate Clark / The Information:
Sources: NYC-based Runway, which uses AI to let customers 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's 2022 collapse, even as crypto trading volume stays low  —  Tether Holdings Ltd.'s stablecoin has recovered all of the roughly $20 billion in market value it lost following the collapse …
Krisztian Sandor / CoinDesk:
DeFi lending protocol MakerDAO's community votes to ditch $500M of the Paxos Dollar stablecoin from its reserves, impacting roughly half of the token's supply  —  The result is a significant blow for Paxos as MakerDAO currently holds roughly half of USDP's total supply.
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.
Natasha Singer / New York Times:
Reuters:
Sources: a planned $3B semiconductor facility in India by ISMC, a consortium that includes chipmaker Tower, has stalled due to Intel's ongoing Tower acquisition  —  A planned $3 billion semiconductor facility in India by chip consortium ISMC that counted Israeli chipmaker Tower as a tech partner …

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Earlier Picks

Michael McSweeney / The Block: