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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Sam Bankman-Fried wrote a series of unpublished posts in 2022 announcing Alameda's closure due to the “burden” of “FUD around Alameda's relationship with FTX”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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About This Page

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

Brian Steinberg / Variety:
Sources: CNBC plans to launch streaming outlet CNBC+ in Q1 2025, to make a “global feed” available that lets users follow programming from Asia and Europe

The Guardian:
Guardian and Observer journalists hold a second 48-hour strike against The Observer sale to Tortoise Media; the Scott Trust has agreed to the sale in principle

Dave Collins / Associated Press:
A US federal judge rejects Infowars' sale to The Onion in Alex Jones' bankruptcy, after Jones challenged the sale, leaving it to a trustee to decide next steps

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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