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August 3, 2023, 1:30 PM
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Top News

Shubham Kalia / Reuters:
France's AFP sues X in Paris, saying the company refused to discuss potential content distribution payments under a 2019 law; Elon Musk calls the move “bizarre”  —  said on Wednesday it filed a lawsuit in Paris against Elon Musk's X social media platform, formerly known as Twitter …
Amanda Marcotte / Salon:
Some experts say trolls who built businesses and media careers on Twitter have had to escalate shock value tactics as the audience of “normal people” shrinks  —  Elon Musk's business model depends on “triggering” liberals — but he's now running out of progressives to bait
Elon Musk / @elonmusk:
Elon Musk says X will amend its creator payouts policy to take no cut until a payout exceeds $100K, and plans to talk to Tim Cook about lower App Store fees  —  Super Important to Support Creators! If you can afford it, please subscribe to as many creators on this platform as you find interesting. People from every corner of the world post incredible content on 𝕏, but often live in tough circumstances, where even a few hundred...
TechCrunch:
India restricts the import of laptops, tablets, PCs, and servers with immediate effect; analysts say the move seems designed to boost local tech manufacturing  —  India restricted import of laptops, tablets, other personal computers and servers with immediate effect on Thursday …
Arjun Kharpal / CNBC:
Nintendo reports Q1 revenue up 50% YoY to ~$2.9B and profit up 52% YoY to ~$1.3B, boosted by the Super Mario Bros. Movie and new Zelda; Switch sales hit 3.91M  —  - Nintendo reported revenue for the June quarter of 461.34 billion yen ($3.2 billion), rising 50% year-on-year.
CyberScoop:
Amit Yoran, the CEO of cyber risk management company Tenable, says Microsoft partially fixed a critical Azure bug that would let hackers access sensitive data  —  Cybersecurity veteran Amit Yoran says Microsoft has a culture of toxic obfuscation when it comes to addressing security threats.
Ryan Smith / AnandTech:
AMD announces the Radeon Pro W7600 for $599, $50 cheaper than its predecessor, and W7500 for $429, both based on the new Navi 33 GPU, available later in Q3  —  As AMD continues to launch their full graphics product stacks based on their latest RDNA 3 architecture GPUs, the company is now preparing …
Wall Street Journal:
Internal document: Meta sold 300K Ray-Ban Stories smart glasses since the September 2021 launch through February 2023, but the device only had about 27K MAUs  —  Company plans second generation as less than 10% of devices purchased are used monthly  —  The Ray-Ban smart glasses launched …
Kyle Wiggers / TechCrunch:
Kickstarter plans to require creators to disclose the use of AI tools in their projects or if the projects intend to develop AI tech, starting on August 29  —  As generative AI enters the mainstream, crowdfunding platform Kickstarter has struggled to formulate a policy that satisfies parties on all sides of the debate.
Bloomberg:
Hong Kong grants its first crypto license under its new rules to HashKey Exchange, legalizing retail trading as officials seek to foster a global crypto hub  —  - Hong Kong is seeking to develop a digital-asset center  — City's pivot has received a guarded welcome from firms
Mia Sato / The Verge:
Patreon temporarily disables Payoneer payments after some creators were unable to access their earnings and some subscriber payments are flagged as fraudulent  —  Two simultaneous issues with payments on Patreon are causing problems for both creators and fans.
Reuters:
Kenya's interior ministry suspended the local activities of Worldcoin while government agencies assess public safety risks; local media reports 350K+ signed up  —  - Worldcoin says it has measures safeguarding privacy  — Kenyan authorities say will investigate Worldcoin's authenticity
Claire Moses / New York Times:
As Dutch e-bike maker VanMoof goes bankrupt, owners of its $2,000+ bikes worry over replacing proprietary parts and losing important app-enabled bike functions  —  VanMoof's sleek electric bikes attracted fans, but the Dutch company's demise has left owners unable to get repairs and worried that app-enabled functions may stop working.
More: Zag Daily and Silicon Canals
Mastodon: @rationaldoge@hachyderm.io.  Twitter: @fdcox and @jkaraian.  LinkedIn: Jonah Wagner
New York Times:
How some people use “date-me docs”, online documents akin to newspaper personal ads, to look for more meaningful connections than those found in dating apps  —  Writers of the online text profiles, which can read like 1,000-word versions of the personal ads of yore …
GPU Utils:
An in-depth look at GPU supply and demand, particularly Nvidia H100s, how a reliance on TSMC causes bottlenecks, H100 clients, Nvidia's allocations, and more  —  Introduction  —  As of August 2023, it seems AI might be bottlenecked by the supply of GPUs. … Is There Really A Bottleneck?
Zeba Siddiqui / Reuters:
Microsoft says Russia-linked hackers are behind “highly targeted” social engineering attacks affecting fewer than 40 global organizations since late May 2023  —  A Russian government-linked hacking group took aim at dozens of global organizations with a campaign to steal login credentials …
Krystal Hu / Reuters:
CoreWeave, which offers Nvidia GPUs in the cloud, raised $2.3B in debt, collateralized by Nvidia chips; CoreWeave has raised $421M in equity so far in 2023  —  Specialized cloud provider CoreWeave has raised $2.3 billion in a debt facility led by Magnetar Capital and Blackstone (BX.N) …
Jacob Bogage / Washington Post:
The IRS says that, by 2025, taxpayers will be able to file every major tax form online, and all paper returns will be digitized  —  Major improvements to online tools could speed up refunds by four weeks for American who currently mail documents to the tax agency, officials said

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 1:30 PM ET, August 3, 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.

From Mediagazer

Benjamin Mullin / New York Times:
Richard Parsons, who had a long career as chairman, CEO, and as a board member of media companies including CBS and Time Warner, died at 76 of bone cancer

Reuters:
Palestinian sources say an Israeli airstrike killed five journalists from Al-Quds Today; the Israeli military called the five “operatives posing as journalists”

Inside Radio:
iHeart reduces its total debt by over $440M and extends most of its debt maturities by three years, by using debt exchange transactions

More News

Michael Geist:
As Meta blocks news links and sharing on Facebook and Instagram in Canada, a look at how Bill C-18 could cause millions of losses for the country's media sector
Cristina Criddle / Financial Times:
The UK unveils its National Semiconductor Strategy advisory panel; tech minister Paul Scully says the government prefers chip design over subsidizing chipmaking

Earlier Picks

Bloomberg:
India moves ahead with a 28% online gaming tax, effective from October 1, despite 100+ companies and investors like Tiger Global and Peak XV asking for changes
Jay Peters / The Verge:
Roblox CEO David Baszucki says the online game platform's open beta on Meta's Quest headsets, launched on July 27, has been downloaded “well over” 1M times
Reuters:
PayPal reports Q2 revenue up 7% YoY to $7.3B, total payment volume up 11% YoY to $376.5B, and a 21.4% operating margin, below its 22% forecast; PYPL drops 10%+
Benjamin Mayo / 9to5Mac:
Apple says Apple Card's savings account, which has had a 4.15% interest rate since its April 2023 launch with partner Goldman Sachs, has topped $10B in deposits
David Pierce / The Verge:
Google updates its generative AI-based Search Generative Experience with more multimedia, faster responses, and additional context for links in its summary box
Emilia David / The Verge:
Meta releases AudioCraft, an open-source AI tool that lets users create music and sounds via text prompts, consisting of MusicGen, AudioGen, and EnCodec models
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