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October 11, 2023, 11:10 AM
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CNN:
Letter: Thierry Breton warns Elon Musk that X could face penalties under the DSA for hosting “illegal content and disinformation” about the Israel-Hamas war  —  European officials warned X on Tuesday that the company formerly known as Twitter appears to have been hosting misinformation …
Wall Street Journal:
Research: Palestinian Islamic Jihad-linked crypto wallets received ~$93M from August 2021 to June 2023; Hamas-linked ones received ~$41M over a similar period
Steven Scheer / Reuters:
Investors and analysts expect the Israel-Hamas war to derail the fragile recovery of Israel's tech sector, which accounts for 14% of the country's workforce
Paul Kunert / The Register:
Bernstein estimates Google pays Apple $18B to $20B per year, or 14% to 16% of Apple's operating profits, for default search; the DOJ values the deal at ~$10B  —  Bernstein estimates value of agreement, warns it and similar deals may end if DoJ wins antitrust case
Leah Nylen / Bloomberg:
US v. Google: in 2007, Sundar Pichai raised concerns over the bad “optics” of Google's deal to pay Apple to make Google the pre-selected search option in Safari
Elizabeth Lopatto / The Verge:
California Governor Newsom signs the Right to Repair Act into law, effective for devices made and sold after July 1, 2021, minus game consoles and alarm systems  —  California Governor Gavin Newsom has signed SB 244, or the Right to Repair Act, into law, making it easier for owners …
Queenie Wong / Los Angeles Times:
California Governor Gavin Newsom signs into law the Delete Act, which requires data brokers to delete a state resident's personal info after a single request
Dominic-Madori Davis / TechCrunch:
California Governor Newsom signs a bill forcing VC firms to share the diversity of founders they back; some worry about liability from releasing sensitive info
New York Times:
Caroline Ellison testifies that SBF “directed” her to commit crimes, like using FTX client funds for Alameda Research's venture investments and loan repayments  —  Ms. Ellison, who also dated Mr. Bankman-Fried, is the government's star witness in the criminal fraud trial of the founder of the FTX crypto exchange.
Shaurya Malwa / CoinDesk:
Sam Bankman-Fried wrote a series of unpublished posts in 2022 announcing Alameda's closure due to the “burden” of “FUD around Alameda's relationship with FTX”
Jez Corden / Windows Central:
Sources: at an Activision townhall hosted by James Corden, Bobby Kotick discussed Microsoft, Elon Musk's Neuralink, hinted at a Guitar Hero revival, and more  —  Kotick and Corden (not me) discuss the future of Activision.  —  What you need to know  — Sources familiar …
BBC:
Study: if AI growth continues at its current rate, by 2027 the industry could consume as much energy as a small country like the Netherlands, or 85-134 TWh/year  —  The artificial intelligence (AI) industry could consume as much energy as a country the size of the Netherlands by 2027, a new study warns.
Paresh Dave / Wired:
How Google's Project Green Light is using AI to analyze Maps data to suggest how cities can adjust traffic light timing to cut wait times and vehicle emissions
Anna Irrera / Bloomberg:
JPMorgan says BlackRock used its TCN blockchain to move collateral almost instantaneously, compared with over the course of a day, and plans to add other users  —  - Tech could speed transactions, see more efficient capital use  — JPMorgan had tested its Tokenized Collateral Network in May
Abner Li / 9to5Google:
After a US judge invalidates Sonos' patents, Google brings back support for multiple Speaker Groups across Nest speakers, Nest displays, and Chromecast devices  —  Just last month, Google was forced to limit Nest and Home devices to one Speaker Group in response to the Sonos lawsuit.
Spiegel Online:
An investigation details the Intellexa Alliance, a shady group of European companies that marketed and sold spyware like Predator to authoritarian regimes  —  The Intellexa Alliance is the name of the shady group of European companies that supplies dictators and despots with cyberweapons.
David Shepardson / Reuters:
Utah sues TikTok, accusing the company of getting kids hooked via “algorithms and manipulative design features”, after similar lawsuits by Indiana and Arkansas  —  Utah sued Chinese-owned app TikTok on Tuesday, accusing it of harming children by intentionally keeping young users …
Yoolim Lee / Bloomberg:
Samsung reports Q3 operating income fell 78% QoQ to ~$1.8B and revenue fell 13% QoQ to ~$49.6B, suggesting the global chip market may have started to recover  —  - Profit fall of 78% smaller than prior quarter's record plunge  — AI-related demand seen key to memory chip price recovery
Kyle Chayka / New Yorker:
As social networks become cluttered with ads, misinformation, and irrelevant posts, the web just feels less fun, suggesting the old era of social media is over  —  The social-media Web as we knew it, a place where we consumed the posts of our fellow-humans and posted in return, appears to be over.
Thomas Seal / Bloomberg:
Filing: Alphabet-owned DeepMind cut expenses related to employees by to £595M in 2022, down 39% from £969M in 2021, as revenue fell 21% YoY  —  - Alphabet-owned AI research unit saw revenues fall in 2022  — London-based DeepMind slashed staff costs 39% in the period
Bloomberg:
Apple spent $200M to $250M on Killers of the Flower Moon, debuting October 20, the first test of Apple's plans to spend $1B per year on movies for theaters  —  The tech giant is hoping the big screen will help sell little ones.  —  At the Cannes Film Festival, red carpets are unfurled to receive Hollywood's most important figures.
Jonathan Greig / The Record:
Amazon, Google, and Cloudflare say a DDoS attack hit 398M RPS in August 2023, ~8x larger than the prior record, due to a new flaw; Google mitigated the attack  —  Amazon, Google and Cloudflare said they detected the largest distributed denial-of-service (DDoS) attacks on record in August due to a newly discovered vulnerability.

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This is a Techmeme archive page. It shows how the site appeared at 11:10 AM ET, October 11, 2023.

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From Mediagazer

Athena Stavrou / The Independent:
More than 230 media industry professionals, including anonymous BBC staff, sign a letter accusing the BBC of bias favoring Israel in coverage of Gaza

Dominick Mastrangelo / The Hill:
Conservative radio host Hugh Hewitt quits as a contributing columnist at WaPo, after abruptly leaving a Post live video event hosted by Jonathan Capehart

CNBC:
Sources: Greek media company Antenna Group is in early talks to acquire Time from Marc Benioff, who bought the magazine in 2018 for $180M

More News

Caitlin Huston / Hollywood Reporter:
The FTC proposes a new rule to require ticket sellers and others to show the total price to users upfront; Ticketmaster and SeatGeek have pledged all-in pricing

Earlier Picks

Kirsten Korosec / TechCrunch:
Online used car marketplace Shift files for Chapter 11 bankruptcy and begins shutting down its business, after going public via a SPAC merger in October 2020
Amanda Hoover / Wired:
New York City's crackdown on short-term listings causes Airbnb listings to plummet, while some turn to services such as Craigslist, Houfy, and Facebook Groups
The Guardian:
Amazon hired warehouse workers in Saudi Arabia who were trafficked from Nepal; Amazon admits that some were mistreated and is “implementing stronger controls”
Tom Warren / The Verge:
Sony announces a new $500 PS5 model with a detachable disc drive, 1TB of internal storage, and a slightly slimmer and shorter design, shipping in November
Frederic Lardinois / TechCrunch:
Adobe debuts Firefly Image 2 Model in Firefly for the web; the model is larger than its predecessor, better at rendering humans, and coming to Creative Cloud
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