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July 12, 2023, 11:10 AM
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Reuters:
The UK CMA says it will not accept new remedies from Microsoft over Activision but would consider a restructured deal, which may require a fresh investigation  —  Britain's competition regulator said on Wednesday that a new restructured Microsoft-Activision deal could require a fresh merger investigation.
Cecilia Kang / New York Times:
Critics say FTC Chair Lina Khan's take-it-to-the-courts strategy is flawed, ahead of a House Judiciary Committee hearing to “examine mismanagement of the FTC”  —  Lina Khan has said a fear of defeat should not deter the agency from suing big tech companies.
Mike Scarcella / Reuters:
Experts: the FTC faces hurdles to appeal the Activision ruling as the facts work in Microsoft's favor; some question the judge's standard on harming competition  —  The U.S. Federal Trade Commission would face hurdles in any appeal of a court's order on Tuesday that said Microsoft (MSFT.O) …
New York Times:
Microsoft says Chinese hackers gained access to US government email accounts and had access to some accounts for a month before the breach was detected  —  The hack, by a Chinese group that the company said was intent on conducting espionage, went undetected for a month.  —  Reporting from Washington
Colin Lecher / The Markup:
A Democratic report finds popular tax filing tools inappropriately and “recklessly” transmitted data to Meta and Google for years; tax data is tightly regulated  —  The investigation was opened in response to work published last year by The Markup
Ben Thompson / Stratechery:
Twitter's best defense against Threads may be to refocus on news and reactions from people you follow, leaving growth via algorithmic feeds to Threads  —  If you're only going to tweet once every 11 years, then you better make it count; the best way to do just that is to pull off a well-executed meme:
Mike Isaac / New York Times:
Threads can avoid Google+'s failure by not simply relying on the scale of Meta's existing products, but by giving users a compelling reason to keep coming back  —  Mark Zuckerberg has used Meta's might to push Threads to a fast start — but that may only work up to a point.
Andrew Deck / Rest of World:
A look at the global freelancer labor force on sites like 99designs, some of whom are early generative AI adopters and are most at risk of being replaced by AI  —  The global labor force of outsourced and contract workers are early adopters of generative AI — and the most at risk.  —  R
Frederic Lardinois / TechCrunch:
Linux distribution company SUSE plans to create a hard fork of Red Hat Enterprise Linux, investing $10M into the project over the coming years  —  A storm is brewing in open-source land that could change the Linux distro landscape  —  Today, SUSE announced that it is creating a hard fork …
Catherine Thorbecke / CNN:
A California law firm launches a class-action suit against Google, alleging user data scraping without consent for AI training, after a similar OpenAI suit  —  Google was hit with a wide-ranging lawsuit on Tuesday alleging the tech giant scraped data from millions of users without their consent …
Jack Schickler / CoinDesk:
The European Securities and Markets Authority issues detailed proposals on crypto companies under the EU's MiCA law; more are expected in October and early 2024  —  Consultations cover authorization and conflict-of-interest rules for crypto companies under the landmark digital assets regulation
David Kirton / Reuters:
Research: Huawei is plotting a return to the US 5G smartphone market by the end of 2023 using its own chip design tools and SMIC's chipmaking process  —  - US-sanctioned giant likely to produce 5G chips domestically  — Chips expected to use Huawei EDA tools and SMIC production
Mark Hachman / PCWorld:
Intel plans to stop making its Next Unit of Compute (NUC) products, primarily known for small form factor PCs, ceding the market to its ecosystem partners  —  Intel's belt-tightening continues as it hands off small-form-factor PC development to Lian Li, Cooler Master, and others.
Chainalysis:
A mid-2023 crypto crime update: inflows to illicit entities drop 65% YoY, scammers net ~$3.3B less than H1 2022, and ransomware took $175.8M more than H1 2022  —  2023 so far has been a year of recovery for cryptocurrency after a chaotic 2022, with prices of digital assets like Bitcoin up over 80% on the year as of June 30.
Kevin Roose / New York Times:
Interviews with executives and staff at Anthropic reveal how an obsession with AI safety and ties to effective altruism influence the startup's decisions  —  Anthropic, a safety-focused A.I. start-up, is trying to compete with ChatGPT while preventing an A.I. apocalypse.  It's been a little stressful.
Foo Yun Chee / Reuters:
The EU approves Broadcom's $61B VMware deal, provided Broadcom adheres to its access and interoperability commitments; UK and US approval is still pending  —  U.S. chipmaker Broadcom (AVGO.O) secured EU antitrust approval on Wednesday for its $61 billion proposed acquisition of cloud computing firm VMware …
Andy Greenberg / Wired:
A US court sentences Roger Thomas Clark, Silk Road's second-in-command behind Ross Ulbricht, to 20 years, after his extradition from Thailand in June 2018  —  Roger Thomas Clark, also known as Variety Jones, will spend much of the rest of his life in prison for his key role in building the world's first dark web drug market.
Matt Day / Bloomberg:
Adobe: US customers spent $6.4B on Amazon during Prime Day's first 24 hours, up 6% YoY but below estimates; Numerator: average orders were up 7% YoY to $56.64  —  US consumers spent $6.4 billion online in the first 24 hours of Amazon.com Inc.'s Prime Day, according to Adobe Inc. That's up 6% …
More: Reuters

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From Mediagazer

Alex Sherman / CNBC:
Analyzing Comcast's spinoff of cable networks, purposefully structured with low debt: the move might be a signal to the industry that it's time to consolidate

Daniel Thomas / Financial Times:
James Harding says the Tortoise-Observer deal could create a profitable media group and there isn't a guaranteed future for the Observer with the Guardian

John Gruber / Daring Fireball:
Substack, very deliberately, tries to have it both ways by saying publications on their platform are independent while presenting them all as parts of Substack

More News

Alex Gabriel Simon / Bloomberg:
Indian IT giant Wipro plans to spend $1B over the next three years to train its 250K employees in AI and integrate the technology into its product offerings

Earlier Picks

Sheila Chiang / CNBC:
Temasek does not plan to invest in crypto companies due to regulatory uncertainty; the company wrote down its $275M FTX investment to zero in November 2022
Brody Ford / Bloomberg:
Salesforce plans its first price hike in seven years, up 9% on average for Sales Cloud, Service Cloud, Marketing Cloud, Industries, and Tableau, in August 2023
Mark Maurer / Wall Street Journal:
Accounting firm KPMG plans to invest $2B in AI and cloud services across its business lines globally over five years via an expanded Microsoft partnership
Aisha Malik / TechCrunch:
Meta now lets users don avatars on Instagram and Messenger video calls and adds ways to share animated avatar stickers on Instagram, Messenger, and Facebook
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