Techmeme
June 24, 2023, 2:30 AM

Top News

Mark Matousek / The Information:
Social media startup IRL is shutting down after an investigation by its board concluded that 95% of its claimed 20M MAUs were “automated or from bots”  —  Last year, the CEO of messaging app IRL repeatedly said it had 20 million monthly active users, who chatted about shared interests and planned real-world events together.
Tom Warren / The Verge:
At the FTC v. Microsoft hearing, Phil Spencer says Microsoft bought ZeniMax for $7.5B to stop Starfield and other Bethesda games becoming PlayStation exclusives  —  Microsoft's Xbox chief has revealed one of the key reasons behind the acquisition of Bethesda parent company ZeniMax: potential Starfield PlayStation exclusivity.
The Economic Times:
Sundar Pichai says Google plans to invest $10B in India's digitization fund and announces the opening of Google's fintech operation center in GIFT City, Gujarat  —  Notably, Gujarat International Finance Tec-City is a central business district under construction in Gandhinagar district in Gujarat, India.
Manish Singh / TechCrunch:
Alex Heath / The Verge:
Sources: Meta is planning to release its Twitter competitor in mid-July and is pitching big-name celebrities to join a platform that will be “sanely” run  —  Mark Zuckerberg is the overwhelming favorite to beat Elon Musk in a cage match.  Will it actually happen?
Zack Whittaker / TechCrunch:
A US federal court sentences UK citizen Joseph James O'Connor to five years in prison for his role in the July 2020 Twitter hack affecting high-profile accounts  —  Prosecutors called for the British hacker to serve at least seven years  —  Three years after one of the most visible hacks …
New York Times:
A profile of Michael Kives, a Hollywood agent turned investor, as FTX's bankruptcy lawyers sue his VC firm K5 Global to recover ~$700M that SBF had invested  —  Michael Kives, a former Hollywood agent, connected FTX's founder to Katy Perry, Orlando Bloom, Bill Clinton and others.
Bloomberg:
A mistakenly released FDIC doc lists SVB customers before its collapse: Sequoia with $1B, Beijing-based Kanzhun with $902.9M, Altos Labs with $680.3M, and more  —  When federal regulators stepped in to backstop all of Silicon Valley Bank's deposits, they saved thousands of small tech startups …
Benj Edwards / Ars Technica:
Midjourney adds a “zoom out” feature that builds out a larger scene around images generated within Midjourney, simulating zooming out with a camera lens  —  Midjourney v5.2 features camera-like zoom control over framing, more realism.  —  On Thursday, Midjourney unveiled version 5.2 …
Jay Peters / The Verge:
Google adds a Perspectives tab to search results, with information that people have posted on YouTube, Reddit, and more, after announcing the feature in May  —  Google's new search feature that shows you different perspectives (ideally, human ones) in search results will be available on Friday, the company said on Twitter.
Jay Peters / The Verge:
YouTube is testing Aloud, an AI-powered dubbing tool developed at Google's Area 120, with “hundreds” of creators, starting with English, Spanish, and Portuguese  —  YouTube wants to make it easier to dub your videos in other languages by giving you some help with AI.
Chris Vallance / BBC:
Google plans to update Android's Emergency SOS after UK police blame the feature, activated by repeatedly pressing a side button, for a surge in false 999 calls  —  Police forces across the UK have warned that a new feature on some Android phones is plaguing switchboards with inadvertent “silent” 999 calls.
Nico Grant / New York Times:
NetBlocks: at least five Russian telcos block Google News and several other ISPs are reducing access, as Russia's feud with a mercenary leader intensifies  —  At least five telecommunications companies have blocked the service, which aggregates news from various sources, according to an analysis from NetBlocks, an internet observatory.

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More News

Sandali Handagama / CoinDesk:
Drew Harwell / Washington Post:
Anna Irrera / Bloomberg:

Earlier Picks

Filipe Espósito / 9to5Mac:
Anand J / Moneycontrol:
Wall Street Journal:
Anja Karadeglija / National Post:
Rebekah Valentine / IGN:
Anton Shilov / AnandTech:
CoinDesk:
Kevin Purdy / Ars Technica: