Techmeme
June 5, 2023, 9:10 AM

Top News

Lawrence Abrams / BleepingComputer:
Atomic Wallet investigates user reports of compromised accounts and tries to block stolen crypto from being sold; a researcher says the hack could exceed $35M+  —  The developers of Atomic Wallet are investigating reports of large-scale theft of cryptocurrency from users' wallets, with over $35 million in crypto reportedly stolen.
Bloomberg:
Sources: Binance's Richard Teng is the frontrunner to become CEO if Changpeng Zhao steps down, as US regulatory scrutiny makes succession planning more urgent  —  In mid-May, cryptocurrency exchange Binance got some bad news in a far-flung corner of its sprawling universe.
Cristiano Lima / Washington Post:
Instagram reinstates Robert F. Kennedy Jr.'s account after he launched his presidential bid; he was banned in 2021 over false claims about COVID-19 and vaccines  —  The prominent anti-vaccine campaigner was suspended in 2021 for spreading misleading health claims.
New York Times:
Internal document: Twitter's US ad revenue from April 1 to the start of May dropped 59% YoY to $88M; sources say that performance is unlikely to improve soon  —  In internal forecasts, the company projected that ad sales would keep declining, handing a tough challenge to its new chief executive.
Forbes:
Interviews, pitch decks, and internal documents suggest that Stability AI CEO Emad Mostaque's recent success was bolstered by exaggeration and dubious claims  —  Stability AI became a $1 billion company with the help of a viral AI text-to-image generator and — per interviews with more than 30 people …
Sahar Elhabashi / Spotify:
Spotify plans to cut ~200 jobs, or 2% of its staff, at its podcast unit, combines Parcast and Gimlet into Spotify Studios, and reports 100M+ podcast listeners  —  Below is an adaptation of an internal update on Spotify's Podcast Business from Sahar Elhabashi, VP, Head of Podcast Business.
Will Douglas Heaven / MIT Technology Review:
A look at The Frost, a 12-minute movie created by Waymark using DALL-E 2, as startups like Waymark and Runway make AI tools for fast and cheap video production  —  Exclusive: Watch the world premiere of the AI-generated short film The Frost.  —  The Frost nails its uncanny, disconcerting vibe in its first few shots.
Madhumita Murgia / Financial Times:
An interview with sci-fi writer Ted Chiang on AI's limits, how current machines lack consciousness, his 2010 book The Lifecycle of Software Objects, and more  —  The visionary author on the limits of AI, the uses of science fiction — and why there's a ‘market opportunity for volleyballs’
Marietje Schaake / Financial Times:
Policymakers should not let tech executives shape the narrative that companies are best placed to regulate AI and should instead rely on independent oversight  —  Policymakers must not let complexity stop them from doing their job  —  The writer is international policy director …

Sponsor Posts

TELUS Digital:
Are you ready for the era of agentic AI?  —  Tech leaders are always talking about what's next, and right now, agentic AI is dominating the discourse.  Equip yourself with the info you need in this recorded webinar.
Tribe AI:
State of AI: Adoption, Challenges and Recommendations  —  Examining the current state of AI, the key challenges organizations face, and practical recommendations for utilizing AI integration alongside other best practices.
Zoho:
Goodbye Skype!  What's next for your chats?  —  Hi5, Orkut, MySpace, Geocities... Do these names ring a bell?  Do you remember chatting with your friends on MSN Messenger in the late '90s?
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.

Featured Podcasts

Techmeme Ride Home:
It's Already Starting...
The day's tech news, every day at 5pm ET. Fifteen minutes and you're up to date.
Subscribe to Techmeme Ride Home.
Spotlight On:
Corelight's Brian Dye on What He's Learned About Scaling
A podcast from Accel about how companies are built, from the people doing the building.
Subscribe to Spotlight On.
Invest Like the Best:
Michael Ovitz - Turning Potential into Prominence
The leading destination to learn about business and investing. We do this by showcasing exceptional talent and ideas.
Subscribe to Invest Like the Best.
Decoder with Nilay Patel:
UiPath CEO Daniel Dines on AI agents replacing our jobs
A show from the Verge about big ideas - and other problems.
Subscribe to Decoder with Nilay Patel.
Grit:
Brex 3.0: Inside the Radical Turnaround with Pedro Franceschi
Grit explores what it takes to create, build and scale world-class organizations.
Subscribe to Grit.
Lenny's Podcast:
Become a better communicator: Specific frameworks to improve your clarity, influence, and impact | Wes Kao (coach, entrepreneur, advisor)
Interviews with world-class product leaders and growth experts to uncover actionable advice to help you build, launch, and grow your own product.
Subscribe to Lenny's Podcast.
 

About This Page

This is a Techmeme archive page. It shows how the site appeared at 9:10 AM ET, June 5, 2023.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

More News

Earlier Picks

Jessica Lyons Hardcastle / The Register:
Financial Times:
Ron Amadeo / Ars Technica: