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August 23, 2023, 6:30 PM
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Top News

Tom Warren / The Verge:
Sony unveils the PlayStation Portal, an 8-inch handheld console that can stream games from a PS5 over Wi-Fi in 1080p at 60fps, available later in 2023 for $200  —  Sony is officially launching its portable PlayStation later this year, the PlayStation Portal remote player.
Bo Moore / IGN:
Hands-on with Sony's PlayStation Portal: a slightly weird design, lighter than the Switch, expansive and vibrant 60Hz LCD display, no Bluetooth, and needs a PS5  —  PlayStation Portal-ble  —  Sony has a storied, if a bit neglected, history with handheld gaming.
Chris Welch / The Verge:
Sony unveils the $200 Pulse Explore earbuds and $150 Pulse Elite headset that connect to the Portal via its PlayStation Link tech for low latency performance  —  In addition to announcing the price of its upcoming PlayStation Portal remote gaming gadget, Sony also shared new details today …
Katherine Ross / Blockworks:
The US DOJ charges Tornado Cash co-founders Roman Storm, of Washington, and Roman Semenov, a Russian national, with money laundering and sanctions violations  —  The inclusion of the Tornado Cash co-founder on the list marks an escalation of the US government's previous investigations into the crypto mixer
Kif Leswing / CNBC:
Nvidia reports Q2 revenue up 101% YoY to $13.51B, vs. $11.22B est., Data Center revenue up 171% YoY to $10.32B, and authorizes a $25B buyback; NVDA jumps 6%+  —  - Nvidia's performance was driven by its data center business, which includes the A100 and H100 AI chips that are needed to build …
Ryan Weeks / The Block:
The FBI details North Korea's Lazarus-tied actors, responsible for the Alphapo, CoinsPaid, and Atomic Wallet hacks, and says they may try to sell $40M+ in BTC  —  - The warning, issued today, comes after a series of high profile crypto heists carried out by North Korea-affiliated Lazarus Group in recent years.
Andrew E. Freedman / Tom's Hardware:
Qualcomm updates its lineup of processors for gaming handhelds, adding the G1 and G2 chips for cheaper devices and unveiling its flagship Snapdragon G3x Gen 2  —  Three tiers of chips, anchored by the new G3x Gen 2  —  Qualcomm is updating its lineup of processors designed for dedicated gaming handhelds …
Joe Tidy / BBC:
A UK court finds that 18-year-old Arion Kurtaj and a 17-year-old were part of Lapsus$, which hacked many companies, including Uber, Nvidia, and Rockstar in 2022  —  A court has found an 18-year-old from Oxford was a part of an international cyber-crime gang responsible for a hacking spree against major tech firms.
Jason Koebler / 404 Media:
The AirPods Max can malfunction or entirely stop working due to users' sweat or condensation inside the earcups, an issue Apple has not publicly acknowledged  —  Apple's $550 flagship headphones have a problem: They can malfunction, or suddenly stop working entirely, because of users' sweat …
Zac Bowden / Windows Central:
Sources: Microsoft is experimenting with bringing new AI capabilities to Windows 11 apps, like generating a canvas from text in Paint and OCR in Snipping Tool  —  Microsoft wants to enhance Windows with AI in more ways than one.  —  What you need to know  — Microsoft is experimenting …
Brian Heater / TechCrunch:
Apple says it supports California's Right to Repair Act, which passed a Senate vote in May and is awaiting approval before going to a full assembly vote  —  In a surprise move, Apple this week penned a letter to California state senator Susan Talamantes Eggman, voicing support for SB 244 …
Emily Bary / MarketWatch:
Snowflake reports Q2 revenue up 36% YoY to $674M, vs. $662M est., net loss up 2% YoY to $227M, and projects Q3 product revenue of $670M to $675M, vs. $675M est.  —  Company logs a sizable beat on adjusted earnings  —  Snowflake Inc. broke from its pattern of outlook cuts Wednesday afternoon …
Wall Street Journal:
Analysis: despite scaling back in Russia in 2022, Binance still handles substantial ruble trading volumes, helping clients evade US sanctions via intermediaries  —  Binance is helping Russians move money abroad, potentially adding to its sprawling legal problems in the U.S. The cryptocurrency giant …
Laura Noonan / Financial Times:
Bank for International Settlements: crypto has amplified, rather than reduced, financial risks in less developed economies, offering only an “illusory” appeal  —  Currency's appeal as a low-cost solution for countries with high inflation is ‘illusory’, says BIS
Lucas Shaw / Bloomberg:
Antenna: Netflix added ~2.6M new US users in July, more than any other paid streaming service but down 26% from June 2023; ~23% signed up for Netflix's ad tier  —  - The streaming service had more sign-ups than any other in July  — Netflix user growth in the US had stopped in recent years
Charlie Osborne / ZDNet:
NCC Group observed a record 502 ransomware attacks in July, up from 198 in July 2022, and tied the Cl0p ransomware-as-a-service gang to 171 attacks in July 2023  —  Ransomware attacks reached record levels in July 2023, driven by the Cl0p ransomware group's exploitation of MOVEit software.
Elizabeth Napolitano / CoinDesk:
A US judge sentences former OpenSea executive Nate Chastain to three months for making $50K+ via insider trading of NFTs to be featured on OpenSea's homepage  —  Chastain was found guilty on charges of buying and selling NFTs from collections he knew would later be featured on his former company's home page.

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From Mediagazer

Brian Stelter / CNN:
After Trump won, US journalists question what a “red wave” election says about the information environment and the media's credibility, influence, and audience

Dade Hayes / Deadline:
In an earnings call, David Zaslav says the Trump Administration may be more merger friendly, enabling a “real positive and accelerated impact on this industry”

Charlotte Tobitt / Press Gazette:
UK-based Digitalbox buys three entertainment and lifestyle sites from GRV Media; GRV's executive chairman says his company has pivoted to sports journalism

More News

Elad Gil / Elad Blog:
LLMs, Transformers, and diffusion models represent an entirely new AI era and discontinuity from the past machine learning capabilities of the CNN/RNN/GAN world
Sarah Frier / Bloomberg:
LinkedIn is benefiting from recent social media upheavals, as the only place where old-school self-promotion still works; sharing was up 41% YoY in spring 2023
Kevin Jiang / Toronto Star:
Experts warn that Meta, and possibly Google, blocking trusted news outlets in Canada will worsen misinformation as the world nears a “precipice” of AI content

Earlier Picks

Bloomberg:
SIA: Huawei is building secret chip fabrication facilities across China that would let the company skirt US sanctions, and is receiving ~$30B in state funding
Kyle Wiggers / TechCrunch:
IBM unveils watsonx Code Assistant for IBM Z, which uses a code-generating AI model to translate COBOL into Java, and aims for general availability in Q4 2023
Kyle Wiggers / TechCrunch:
OpenAI adds fine-tuning to GPT-3.5 Turbo, charging training and usage fees to customize the model with unique data to improve performance for specific use cases
Kyle Wiggers / TechCrunch:
Meta releases SeamlessM4T, an AI model that can translate and transcribe nearly 100 languages across text and speech, and SeamlessAlign, a translation dataset
Dave James / PC Gamer:
Nvidia announces DLSS 3.5 with AI-powered Ray Reconstruction, designed to recognize patterns within a noisy image and improve clarity, available on all RTX GPUs
Tom Warren / The Verge:
To appease the UK, Microsoft restructures its Activision deal by committing to sell Activision's cloud gaming rights to Ubisoft; the UK CMA will now investigate
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