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

Tribe AI:
Build AI products that matter  —  Tribe AI helps organizations rapidly deploy AI solutions that have real business impact.  We bring together world class AI talent and tooling to drive differentiated results.
Zoho:
How to choose the right live chat software for your business  —  In a world where instant communication is the norm, live chat software enables businesses to meet customer expectations with real-time assistance.
Hamming:
Make AI Voice Agents trustworthy  —  Hamming AI automatically tests AI voice agents and continuously monitors them in production.
Techmeme Leaderboards:
Discover the top reporters on AI, VR, policy, and much more  —  We've analyzed Techmeme's news crawl to identify the most influential and prolific writers on 48 news topics.  Download reports immediately for just $100.
Techmeme Ride Home:
Wed. 11/13 - Amazon Haul
The day's tech news, every day at 5pm ET. Fifteen minutes and you're up to date.
Subscribe via Apple Podcasts, Spotify, or RSS.
 

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: