Techmeme
August 30, 2023, 11:10 AM

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 …
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.
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 …
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 …
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.
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:
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:
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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