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August 30, 2023, 11:05 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 …
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.
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 …
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”
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  —  - Britannia Bank & Trust processes dollar transfers for Tether  — Stablecoin issuer faces long-standing questions on reserves
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 11:05 AM ET, August 30, 2023.

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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

Brian Steinberg / Variety:
Sources: NBCUniversal Vice Chairman Bonnie Hammer plans to leave the company at the end of the year; she has been with the company since 2004

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

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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