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October 11, 2023, 1:55 PM
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Bloomberg:
Day two of Caroline Ellison's testimony: “stressed out” by Alameda losses, Alameda borrowed $13B from FTX users by June 2022, and $5B loaned to FTX executives  —  - Ellison takes witness stand for second day at SBF trial  — Prosecutors look at events from 2022 when crypto prices fell
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.
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
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 …
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
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
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 …
Emilia David / The Verge:
Adobe developed a new symbol, called “an icon of transparency”, as part of the C2PA, hoping to encourage the tagging of AI-generated data in media content  —  Adobe and other companies have established a symbol that can be attached to content alongside metadata, establishing its provenance …
Tom Ivan / Video Games Chronicle:
Sony plans to launch cloud streaming of PS5 games for PlayStation Plus Premium members in Japan, Europe, and North America later this month  —  THE FEATURE WILL BE AVAILABLE TO PLAYSTATION PLUS PREMIUM MEMBERS  —  Sony Interactive Entertainment has announced plans to launch cloud streaming for PlayStation 5 this month.
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.
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
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 …
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
Victoria Song / The Verge:
Google Pixel Watch 2 review: improved Fitbit integration, better health and stress tracking, and Safety Check is great, but fragile screen and only one size  —  Google's addressed a lot of what annoyed me about the first Pixel Watch, but repairability and continued Fitbit integration are still question marks.
Allison Johnson / The Verge:
Google Pixel 8 and 8 Pro review: useful, if troubling, AI photo editing tools, 8 lacks some 8 Pro features despite both having the same chip, Tensor G3 runs hot
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.
Yoolim Lee / Bloomberg:
Samsung shares preliminary Q3 operating income and revenue ranges in line with analyst estimates, 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
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 …
Caitlin Huston / Hollywood Reporter:
The US FTC proposes a rule to require ticket sellers and others to show the total price to users upfront; Ticketmaster and SeatGeek have pledged all-in pricing  —  Ticketmaster and SeatGeek have already pledged to offer all-in pricing, but the rule would broaden it to other companies and industries.
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.
Bloomberg:
A look at EA's FC 24, the first soccer video game after EA and FIFA ended their licensing deal, estimated to be worth $160M/year, when FIFA demanded much more  —  Sitting in a mock living room at his office in Vancouver, John Shepherd gestures to a video game avatar of soccer star Erling Haaland on a screen beside him.
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.

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 1:55 PM 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

Daniel Thomas / Financial Times:
Trade body data: copyrighted music revenue was $45.5B in 2023, above cinema box office spending of $33.2B in 2023 and $41.9B in 2019; record labels made $28.5B

Lucas Shaw / Bloomberg:
The music industry is entering a cycle of consolidation, driven by a slowdown at the major labels, the growing market for independents, and the rapacity of PE

Max Tani / Semafor:
Sources: CNN is considering making network anchor Kaitlan Collins its chief White House correspondent and relocating her show from New York to DC

More News

Bloomberg:
Apple spent $200M to $250M on Killers of the Flower Moon, debuting on October 20, the first test of the company's plans to spend $1B/year on movies for theaters

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
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
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
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