Techmeme
August 10, 2023, 10:40 PM

Top News

Rohan Goswami / CNBC:
An interview with X CEO Linda Yaccarino on having “autonomy” under Elon Musk, planning to add video calls, payments between users, brands returning, and more  —  - X CEO Linda Yaccarino explained to CNBC on Thursday why the company decided to get rid of its Twitter branding.
Nicola Agius / Search Engine Land:
Hannah Murphy / Financial Times:
Frederic Lardinois / TechCrunch:
Oracle, SUSE, and CIQ launch the Open Enterprise Linux Association to foster RHEL-based distributions development, after Red Hat limited RHEL source code access  —  The fallout from Red Hat's recent decision to make it harder to access to the source code of its flagship Red Hat Enterprise Linux (RHEL) distribution continues.
Dana Mattioli / Wall Street Journal:
Sources: Amazon cuts dozens of in-house brands in clothing, furniture, and more to fend off regulators and grow profits; Amazon says Basics will remain a focus  —  Company's cuts include all but three of its 30 clothing labels, such as Goodthreads and Lark & Ro
Reuters:
Filing: Bittrex agrees to pay $24M to settle US SEC claims that the crypto exchange failed to register with the agency; Bittrex doesn't admit to the allegations  —  Bittrex has agreed to pay $24 million to settle claims by the U.S. Securities and Exchange Commission that the cryptocurrency exchange failed …
Justine Calma / The Verge:
Google, American Airlines, and Bill Gates' fund Breakthrough Energy partner to use AI to chart more sustainable flights by avoiding routes that create contrails  —  Google has been working with American Airlines and Bill Gates' climate investment fund, Breakthrough Energy, to chart more sustainable flight routes.
Brian Heater / TechCrunch:
Skydio shuts down its consumer drone business and plans to expand its enterprise offerings, after raising a $230M Series E at a $2.2B valuation in February 2023  —  Skydio today announced that it will be shutting down its consumer drone business.  —  Beginning today, the firm will no longer …
Reuters:
Sources: the Kremlin's fear of a serious tech brain drain is the main factor preventing Moscow from nationalizing the Nasdaq-listed Yandex, which has 20K+ staff  —  The Kremlin's fear of a serious tech brain drain is the main factor preventing Moscow from nationalising Nasdaq-listed Yandex …
Alexander Marrow / Reuters:
Sarah Fielding / Engadget:
To fight spam, YouTube plans to deactivate links in Shorts descriptions, comments, and the vertical feed from August 31 and make social media icons unclickable  —  The move follows other anti-spam measures.  —  YouTube knows that it has a spam problem, particularly when it comes to its two-year-old Shorts feature.
Dan Goodin / Ars Technica:
The UK Electoral Commission hack, which lasted 14 months and was disclosed nine months after discovery, likely exploited a now-patched Exchange Server zero-day  —  Evidence appears to show a critical 0-day tracked as ProxyNotShell was exploited.  —  It's looking more and more likely …
Wayne Ma / The Information:
Sources: Meta plans to build only ~1,000 units of its first-gen AR glasses, due in 2024, which use silicon carbide in the lenses, requiring assembly in the US  —  Meta Platforms plans to build only around a thousand units of the first generation of its augmented-reality glasses due out next year …
Yueqi Yang / Bloomberg:
Circle says it has $1B+ in cash and had $779M in revenue in H1 2023, vs. $772M for all of 2022, as USDC in circulation has fallen to ~$26B from ~$45B in January  —  - CEO expects payments, financial firms to push for stablecoins  — USD Coin market cap plunges this year while rival Tether gains
Andrew J. Hawkins / The Verge:
The California Public Utilities Commission allows Waymo and Cruise to operate driverless cabs 24/7 throughout San Francisco, after a contentious public hearing  —  Waymo and Cruise were approved to operate their robotaxi services 24/7 in San Francisco after a contentious six-hour public hearing …
Ingrid Lunden / TechCrunch:
Check Point acquires rival cybersecurity startup Perimeter 81 in a ~$490M “cash free, debt free” deal; Perimeter 81 raised $100M at a $1B valuation in June 2022  —  There is yet more M&A coming out of the security industry.  In the latest development, Check Point …

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Financial Times:
Lorenzo Franceschi-Bicchierai / TechCrunch:

Earlier Picks

Bloomberg:
Jay Peters / The Verge:
Tom Mitchelhill / Cointelegraph:
Rosie Perper / CoinDesk:
Nikhilesh De / CoinDesk:
CNN: