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August 26, 2023, 10:10 AM
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Top News

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.
Jonathan Greig / The Record:
Cisco Talos: North Korea's Lazarus is using a new malware variant to target internet backbone infrastructure and healthcare entities in Europe and the US  —  A notorious hacking group working on behalf of the North Korean government is using a new strain of malware to attack healthcare entities …
Jack Schickler / CoinDesk:
FTX, Genesis, and BlockFi customer data is compromised after a SIM swap against an employee of Kroll, which manages creditor claims for the bankrupt companies  —  A ‘cybersecurity incident’ affected Kroll, which gathers customer claim data on behalf of bankrupt companies.  —  Register Now
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.
Joe Wituschek / BGR:
X launches its job posting feature X Hiring in beta for verified organizations, allowing them to “organically reach millions of relevant candidates”  —  Who goes to LinkedIn to look for a job?  Nah, those days are over.  X is the new place to find your next employer.
Natasha Singer / New York Times:
Despite cheating and misinformation fears, some US schools that once raced to block AI chatbot access are now encouraging teachers and students to use them  —  Some districts that once raced to block A.I. chatbots are now trying to embrace them.  —  For decades, Walla Walla High School …
Eri Sugiura / Financial Times:
Huawei and Ericsson renew a multiyear global patent cross-licensing deal for 5G and other technologies; Huawei owns 20% of global 5G patents  —  Agreement gives Chinese group a boost after being subject to bans in Europe and the US  —  Huawei has sealed a multiyear patent cross-licensing deal …
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
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.

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This is a Techmeme archive page. It shows how the site appeared at 10:10 AM ET, August 26, 2023.

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From Mediagazer

Bill Donahue / Billboard:
Drake launches legal action against UMG and Spotify for allegedly using bots, payola, and more to inflate Kendrick Lamar's Not Like Us, a track attacking Drake

Mark Kleinman / Sky News:
Sources: CVC Capital Partners and a major European broadcaster, thought to be France's Groupe TF1, are among those considering a takeover of the UK's ITV

Joe Flint / Wall Street Journal:
Sources: NBC's new deal with Macy's to keep the Thanksgiving Day Parade on NBC and Peacock has an average annual fee of $60M+, up from ~$20M in the current deal

More News

Ana Paula Pereira / Cointelegraph:
Nansen: ~90% of PYUSD is held in issuer Paxos Trust's wallets, indicating a “lack of demand from crypto users” for PayPal's stablecoin that launched on August 7
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
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

Earlier Picks

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”
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
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
Yueqi Yang / Bloomberg:
Mastercard and Binance plan to end their Latin America and Middle East card partnership on September 22; Visa stopped issuing Binance cards in Europe in July
Brody Ford / Bloomberg:
Dropbox ends its unlimited option, capping its “all the space you need” storage plan to 5TB, after some abused the tier by pooling storage, reselling, and more
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