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August 1, 2023, 5:00 AM
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Top News

New York Times:
Twitter/X files a lawsuit against Center for Countering Digital Hate, accusing the nonprofit and its backers of “actively working to prevent free expression”  —  The Center for Countering Digital Hate said it had received a letter from X, Twitter's parent company …
Ivan Mehta / TechCrunch:
Twitter is now “X” in the App Store, seemingly via an exception to Apple's rule that requires app names to have two or more characters  —  After weeks of changes to its social handles, branding on its interface, a redirect on the web, and lots of chatter from its owner …
Sheila Dang / Reuters:
X says Elon Musk will lead product and engineering teams, CEO Linda Yaccarino will lead teams including legal and sales, and both will oversee trust and safety
Ina Fried / Axios:
Internal email: Google is revamping Assistant to focus on using generative AI, starting with the mobile version, and is reorganizing related teams  —  Google plans to overhaul its Assistant to focus on using generative AI technologies similar to those that power ChatGPT and its own Bard chatbot …
Andy Robinson / Video Games Chronicle:
Sources: Nintendo plans to release a new console in H2 2024, with a portable mode, LCD display, and a cartridge slot; key partners already have development kits  —  Development kits for Nintendo's next console are now with key partner studios, with launch planned for next year, sources have told VGC.
Emma Roth / The Verge:
The BBC launches social.bbc, an “experimental” Mastodon server with posts from a handful of BBC accounts, and plans to try out the server for six months  —  The BBC has launched its own “experimental” Mastodon server, marking one of the first major news outlets to establish an instance on the Twitter alternative.
Decrypt:
The SEC charges Hex crypto project founder Richard Heart with raising over $1B via unregistered securities offerings, including Hex, PulseChain, and PulseX  —  The SEC has charged Richard Heart, the founder of the crypto project Hex, with allegedly conducting unregistered securities offerings that raised more than $1 billion.
Joe McDonald / Associated Press:
China restricts civilian drone exports, citing Russia's war in Ukraine and concern about military use; DJI pulled out of Russia and Ukraine in April 2022  —  China imposed restrictions Monday on exports of long-range civilian drones, citing Russia's war in Ukraine and concern that drones might be converted to military use.
New York Times:
How popular gaming platforms like Minecraft and Roblox are being used to promote Russia's war narrative, influencing some young and Russian-speaking audiences  —  Propaganda is appearing in Minecraft and other popular games and discussion groups as the Kremlin tries to win over new audiences.

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This is a Techmeme archive page. It shows how the site appeared at 5:00 AM ET, August 1, 2023.

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From Mediagazer

Mandy Dalugdug / Music Business Worldwide:
UMG, ABKCO, and Concord sue Believe, a music distributor in 50+ countries, and its subsidiary TuneCore for $500M+, accusing Believe of copyright infringement

Fred Imbert / CNBC:
Filing: Trump Media lost $19.2M in Q3, while revenue fell 5.6% YoY to just $1.01M; DJT jumped 18.6% before closing down 1.16% on November 5

Alexandra Steigrad / New York Post:
iHeart says it is laying off employees; a source says the layoffs affect less than 5% of a workforce of more than 10,000 employees

More News

Nikhilesh De / CoinDesk:
A US judge denies Terraform Labs' motion to dismiss an SEC lawsuit, saying the SEC made a “plausible claim” that UST and LUNA may have violated securities law

Earlier Picks

Julie Jargon / Wall Street Journal:
Apple confirms a Screen Time bug, letting kids go over the time limits imposed by parents to use apps and games, but doesn't offer a timeline for a fix
Rohan Goswami / CNBC:
A consortium led by PE firms Francisco and TPG agrees to take observability software company New Relic private in an offer valuing the company at ~$6.5B
Yogita Khatri / The Block:
Tether reports a $850M net profit in Q2, vs. $1.5B in Q1, with ~$3.3B in excess reserves, up from $2.44B in Q1, and $86.5B+ in total assets as of June 30
Jose Antonio Lanz / Decrypt:
After a digital artist opted out of the Stable Diffusion training set, the community made a model copying his style, raising questions around open-source models
Elvira Pollina / Reuters:
Italy's AGCM says it accepted Google's proposed commitments to end a case over the company's alleged abuse of its position in the user data portability market
The Economic Times:
Sources: Tiger Global has completed its exit from Flipkart, in a years-long selloff that led to gains totaling $3.5B
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