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August 30, 2023, 11:30 AM
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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 …
Steve Dent / Engadget:
Samsung launches Food, a “personalized” AI-based food and recipe app in eight languages and 104 countries, drawing on a 160K+ recipes from Whisk, bought in 2019  —  It builds on Whisk, an app it acquired a few years back.  —  As it promised last week, Samsung has launched Food …
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 …
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 …
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 …
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.
Jennifer Pattison Tuohy / The Verge:
JBL announces the $330 Authentics 200, $700 Authentics 500, and portable $430 Authentics 300 speakers, the first smart speakers to have both Alexa and Assistant  —  Three new JBL smart speakers from Harman will be the first to offer simultaneous voice assistants, so you can ask Alexa to start the music and then ask Google to stop it.
Blassy Boben / Reuters:
India says at least 32 international electronics makers, including HP, Dell, Asus, Acer, and Lenovo, applied to its incentive program as part of “Make in India”  —  At least 32 international electronics companies have applied to India's incentive programme to make laptops …
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
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.
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.
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 11:30 AM ET, August 30, 2023.

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From Mediagazer

Sean Burch / The Wrap:
News Corp reports Q1 revenue up 3% YoY to $2.58B, net income up 148% YoY to $144M, Dow Jones revenue up 3% YoY to $552M, and WSJ subscriptions up 7% YoY to 4.3M

Benjamin Mullin / New York Times:
Memo: WaPo CEO Will Lewis tells staff they'll be expected to work from the office five days a week, instead of three, by June 2, and by February 3 for managers

Chris Roush / Talking Biz News:
Memo: Business Insider founder Henry Blodget says he is leaving BI's board, will remain an adviser and contribute occasional columns, and plans to write a novel

More News

Caiwei Chen / Rest of World:
Chinese sextortion scammers have flooded X, harassing political dissidents and influential opinion leaders since the site added paid blue checks in April 2023

Earlier Picks

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”
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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