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August 25, 2023, 6:25 PM
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| Natasha Lomas / TechCrunch: |
The EU's DSA goes into effect, forcing platforms like Facebook, Instagram, YouTube, and TikTok to let users opt out of profiling-based content recommendations — Internet users in the European Union are logging on to a quiet revolution on mainstream social networks today: The ability to say ‘no thanks’ to being attention hacked by AI.| Wall Street Journal: |
The US Treasury proposes new rules that would treat crypto exchanges more like stockbrokers, requiring them to report gross proceeds to the IRS starting in 2026 — Long-delayed regulations would treat crypto platforms more like brokers who handle stocks and mutual funds| Dan Primack / Axios: |
Instacart files for a US IPO, reports 2022 revenue up 39% YoY to $2.55B, $428M net income, up from a $73M loss in 2021, and H1 2023 revenue up 31% YoY to $1.48B — Grocery delivery giant Instacart on Friday filed for its initial public offering, with expectations that its shares will begin trading on the Nasdaq next month.
More: US Securities …, The Information, San Francisco Business Journal, Crunchbase News, TechCrunch, Reuters, Bloomberg, New York Times, Fast Company, Invezz, Financial Times, Fortune, and CNBC
Bluesky: @glinden.bsky.social. X: @modestproposal1, @bgurley, @ericjackson, @jason, @alex, @edwinwee, @cityofthetown, @ericnewcomer, @sarthakgh, @alexisohanian, @pitdesi, @iankar_, @coryweinberg, @eringriffith, @eringriffith, @mattbelloni, @iankar_, @garrytan, @eringriffith, @pitdesi, @natebecker, @coryweinberg, and @rachelmetz
| Ryan Smith / AnandTech: |
AMD announces new Radeon RX 7000 series video cards, the $449 RX 7700 XT and the $499 7800 XT, based on its new Navi 32 GPU and aimed at the 1440p gaming market — With the Gamescom convention taking place in Germany this week, AMD is using Europe's largest video game trade show as the venue …
More: AMD, VideoCardz.com, The Verge, Ars Technica, Phoronix, Tom's Hardware, TechRadar, TechSpot, GameSpot, ExtremeTech, Digit, Forbes, XDA Developers, Dexerto, TechPowerUp, Guru3D.com, MSPoweruser, Blue's News, Digital Trends, KitGuru, Eurogamer.net, Wccftech, PC Gamer, Neowin, Appuals.com, Windows Central, Notebookcheck, and HotHardware
| Washington Post: |
How Meta and YouTube, battered by content moderation wars, are following X in retreating from policing political misinformation, raising US 2024 election fears — Facebook and YouTube are receding from their role as watchdogs against conspiracy theories ahead of the 2024 presidential election
More: The Hill, CNBC, Livemint, and Fox News
Mastodon: @KimPerales@toad.social, @johnshirley2024 …, @joshuafoust@appdot.net, @genecowan@mastodon.social, and @mimsical@mastodon.social. Bluesky: @donmoyn.bsky.social
X: @jason_kint, @mattwelch, @_jonathanstein, @andyparkerva, @olufemiotaiwo, @jason_kint, @digiphile, @sarahellison, @naominixwrites, @drvolts, @willoremus, @tomfitton, and @donmoyn. LinkedIn: Adam F.
Forums: r/EnoughMuskSpam and r/centrist
| Carly Page / TechCrunch: |
Emsisoft: the MOVEit Transfer breach has so far impacted 1,000+ known victim organizations, of which 83.9% are based in the US, and 60M+ individuals — At least 60 million individuals affected, though the true number is far higher — A mass-hack involving the MOVEit Transfer software …
More: BleepingComputer, DataBreachToday.com, and SecurityWeek. Mastodon: @lorenzofb@infosec.exchange
| Ariel Bogle / The Guardian: |
The New York Times, CNN, Reuters, and other outlets block OpenAI's GPTBot web crawler from accessing their content; some have also blocked Common Crawl's CCBot — Chicago Tribune and Australian newspapers the Canberra Times and Newcastle Herald also appear to have disallowed web crawler from maker of Chat GPT
More: Insider, Decrypt, Fortune, SiliconANGLE, Bloomberg, Search Engine Land, and The Verge
Threads: @carnage4life. Mastodon: @ProfJohanna@mastodon.online. X: @paulg, @hayskali, @stevesi, @mastermaq, and @daveleebbg. LinkedIn: Giancarlo Vercellino
| Arjun Kharpal / CNBC: |
Alibaba launches two AI models: Qwen-VL, which can answer questions about images and generate captions, and Qwen-VL-Chat, which can have “complex interactions” — - Alibaba launched on Friday two new artificial intelligence models — Qwen-VL and Qwen-VL-Chat …
More: Alizila, Finextra, PYMNTS.com, Coinspeaker, Baseline, Tech Startups, Cryptopolitan, Pandaily, and The Verge. Forums: r/baba
| Julian Chokkattu / Wired: |
Citizen suspends sales of its $350+ CZ Smart smartwatch, launched on May 1; review units had serious issues, like screen freezing and inaccurate tracking data — The second-generation CZ Smart launched a few months ago. Both the company and reviewers have found serious technical issues.
More: Android Police, The Verge, 9to5Google, Gizmodo, Android Headlines, and Android Central
Threads: @carnage4life. Mastodon: @carnage4life@mas.to. X: @captain2phones, @julianchokkattu, @captain2phones, and @julianchokkattu. Forums: r/Android
| New York Times: |
Sources: a company spending $800M+ to buy thousands of acres to build a new Bay Area city is backed by Michael Moritz, Reid Hoffman, Marc Andreessen, and others — A mysterious company has spent $800 million in an effort to buy thousands of acres of San Francisco Bay Area land.
Bluesky: @andimann.bsky.social. X: @teddyschleifer, @pitdesi, @edzitron, @chiefofstuffs, @kylebrussell, @pkafka, @pkafka, @gaberivera, @kateclarktweets, @hknightsf, @mikeisaac, and @eringriffith
| AJ Vicens / CyberScoop: |
Microsoft says Flax Typhoon, a hacking group active since mid-2021 with suspected Beijing ties, is targeting dozens of organizations in Taiwan, and elsewhere — A group dubbed Flax Typhoon has targeted “dozens” of Taiwanese organizations, according to new research from Microsoft.| Annie Palmer / CNBC: |
E-commerce marketing company Klaviyo files for a US IPO and reports H1 2023 revenue of ~$321M, vs. ~$208M YoY, and $15.2M net income, vs. a $24.6M net loss YoY — - Marketing automation company Klaviyo became the latest tech company to try to join the public markets, after Instacart and Arm submitted IPO filings.| M. Sriram / Reuters: |
Sources: food delivery startup Swiggy, which was valued at $10.7B in 2022, is planning an IPO in 2024, after pausing the process for months due to weak markets — Swiggy, the Softbank-backed food delivery company, is eyeing a 2024 stock market listing and has initiated talks with bankers … Sponsor Posts
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