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August 30, 2023, 11:00 AM
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Top News

Amir Efrati / The Information:
Source: OpenAI is on pace to generate more than $1B in revenue over the next 12 months by selling software and computing capacity, up from just $28M in 2022  —  OpenAI is currently on pace to generate more than $1 billion in revenue over the next 12 months from the sale of artificial intelligence software …
Sergiu Gatlan / BleepingComputer:
The FBI led an effort to dismantle the Qakbot botnet, which ransomware gangs used as an infection vector for years, on August 25 after infiltrating its network  —  Qakbot, one of the largest and longest-running botnets to date, was taken down following a multinational law enforcement operation spearheaded …
Richard Lawler / The Verge:
An image with the alt text “A person takes a call on a Pixel 8 Pro phone in Porcelain” popped up on a Google Store page displaying the as-yet-unannounced device  —  Continuing the storied tradition of Google's Pixel devices being some of the most-leaked hardware ever …
Jon Porter / The Verge:
Fairphone announces the €699 Fairphone 5, offering a 6.46-inch 90Hz OLED display, dual 50 megapixel cameras, and 30W fast charging, shipping on September 14  —  The Fairphone 5 is the latest sustainably produced and repairable handset from Dutch smartphone company Fairphone.
Reuters:
Huawei quietly launches the ~$960 Mate 60 Pro, giving no advance notice and releasing no ads; some investors speculate that Huawei used its own 5G chip  —  Chinese chip stocks rallied on Wednesday following Huawei Technologies' (HWT.UL) launch of its new Mate 60 Pro phone …
Leo Lewis / Financial Times:
Sources: Chinese-backed hackers breached Japanese cybersecurity agency NISC's email system; experts link the July 4 ransomware attack on Port of Nagoya to China  —  Infiltration comes as allies scrutinise Tokyo's defences against hacking  —  The organisation responsible for Japan's national defences …
Casey Newton / Platformer:
Meta's Oversight Board took 234 days to get a ruling in an incitement to violence case involving Hun Sen, revealing a problem with the board's glacial pace  —  Today let's talk about one of the most important cases that Meta's Oversight Board has heard to date — and how the process ultimately revealed …
Rebecca Klar / The Hill:
Meta rejects the Oversight Board's recommendation to suspend former Cambodian PM Hun Sen's account because doing so would “not be consistent with our policies”
Mark Sullivan / Fast Company:
In a “safety” blog post, X announces “paid-for promoted political posts”, starting in the US, and plans to “provide a global advertising transparency center”  —  X (née Twitter) published a “safety” brief on its blog today outlining new policies …
Lora Kolodny / CNBC:
Court filing: X faces 2,200 arbitration cases from employees laid off after Elon Musk took over; the filing fees alone could be $3.5M for that volume of cases  —  - Elon Musk's X Corp. is facing 2,200 arbitration cases, a court filing in Delaware revealed on Monday.
Jordyn Holman / New York Times:
Republican AGs from 16 states write to the SEC over concerns about Shein filing for a US IPO and urge the agency to order an investigation on using forced labor  —  A group of state attorneys general urged the S.E.C. to make the fast fashion company prove it doesn't use forced labor if it files to go public.
Matthew Lynley / Supervised:
Google Cloud unveils Vertex AI improvements to better compete with Azure AI Studio and Amazon Bedrock; Nvidia announces PaxML, built on Google's JAX framework  —  Google is in the middle of trying to avoid repeating history when releasing its industry-altering technology.

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This is a Techmeme archive page. It shows how the site appeared at 11:00 AM ET, August 30, 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

Jonathan Stempel / Reuters:
A New York judge finds Sirius XM liable for a difficult subscription cancellation process; Sirius says it will appeal but abide by a new “click-to-cancel” rule

Ashley Carman / Bloomberg:
A growing number of podcasters, including Tim Ferriss, are moving away from interviews to monologues or co-hosts, as some well-known guests can be overexposed

Matthew Keys / The Desk:
DirecTV terminates its Dish acquisition after a group of Dish creditors rejected a modified bond exchange offer

More News

Caiwei Chen / Rest of World:
Chinese sextortion scammers have flooded X, harassing political dissidents and influential figures since the platform added paid verification in April 2023
Bloomberg:
Sources: Tether added Britannia Bank & Trust, a privately held bank operating in the Bahamas, to process dollar transfers, as US banks cut crypto ties

Earlier Picks

Kyle Bradshaw / 9to5Google:
Google discontinues its $45+ Pixel Pass subscription bundle, launched in 2021 in the US; subscribers won't be able to upgrade once their two-year term expires
David Heaney / UploadVR:
Meta Avatars finally get legs in Horizon Home, with the Quest v57 update on the Public Test Channel, after Meta said in October 2022 they were “coming soon”
Sarah Perez / TechCrunch:
YouTube now lets creators take an educational training course when they receive a warning, which YouTube lifts if they don't violate the same policy for 90 days
Juli Clover / MacRumors:
Apple announces a September 12 event at 10am PT at Apple Park titled “Wonderlust”, where four iPhone 15 models, the Apple Watch Series 9, and more are expected
Abner Li / 9to5Google:
Google says Duet AI for Workspace costs $30/month/user for enterprise, consumer pricing will come in the coming months, and Workspace has 10M paying customers
CoinDesk:
A US court rules that the SEC must review its rejection of Grayscale's bid to convert the Grayscale Bitcoin Trust into an ETF after approving two bitcoin ETPs
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