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Techmeme
October 12, 2023, 6:00 PM
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Top News

Javier Espinoza / Financial Times:
The EU opens an investigation into X over hosting disinformation tied to Hamas' Israel attack and sends X a formal request for information under the DSA  —  Investigation is the first under the bloc's Digital Services Act and comes after letter to Musk raising concerns
Reuters:
In a letter to Thierry Breton, X CEO Linda Yaccarino says X has removed hundreds of Hamas-linked accounts, labeled tens of thousands of posts, and more  —  The X social media platform has removed hundreds of Hamas-affiliated accounts and taken action to remove or label tens of thousands …
Sarah Perez / TechCrunch:
Google updates its Search Generative Experience with the ability to generate images using prompts and to write drafts that can be customized for tone and length  —  Google's AI-powered search feature, SGE (Search Generative Experience), is gaining some new skills, starting today.
Ben Schoon / 9to5Google:
Threads rolls out voice posts and a free edit button that lets users edit a post repeatedly within five minutes of sending; Threads doesn't show an edit history  —  Meta's Twitter competitor, Threads, is now rolling out one of its most-requested features - an edit button.
Sarah Perez / TechCrunch:
Instagram head Adam Mosseri reiterates Threads' position on hard news, saying that Threads does not intend to “amplify” news because it's currently “too risky”
Sarah Wynn / The Block:
The CFTC charges Voyager Digital co-founder Stephen Ehrlich with fraud, saying he and Voyager lied to clients and hid the crypto lender's true financial health  —  - Stephen Ehrlich and the firm the co-founded, Voyager Digital, lied to customers and hid the crypto lender's true financial health, according to the CFTC.
Lucas Shaw / Bloomberg:
Netflix plans to open Netflix House, permanent stores where fans can buy clothes, eat themed food, and try live experiences, starting with two US venues in 2025  —  - Its first permanent retail sites will be named ‘Netflix House’  — Initial locations in US will be followed by global expansion
New York Times:
SBF's trial: the personal dynamics between him and his friends have become a vital component of the case, revealing how much his inner circle has turned on him  —  The FTX founder's criminal trial has made clear just how much his inner circle has turned against him.
Zack Abrams / The Block:
Alameda CEO Caroline Ellison's well-prepared testimony painted SBF as the ultimate FTX and Alameda decision-maker and a corrupting influence on his subordinates  —  - Government prosecutors completed their direct examination of former Alameda Research CEO Caroline Ellison on Wednesday in the fraud trial of Sam Bankman-Fried.
Andy Greenberg / Wired:
Elliptic: the FTX hackers who stole $415M to $432M in crypto in November 2022 used Russia-linked money launderers in October 2023 after moving the funds in 2022  —  Whoever looted FTX on the day of its bankruptcy has now moved the stolen money through a long string of intermediaries—and eventually some that look Russian in origin.
Akash Sriram / Reuters:
Atlassian plans to acquire video messaging platform Loom for ~$975M, split as ~$880M in cash and the rest in stock, set to close in Q1 2024; Loom has 25M+ users  —  Atlassian (TEAM.O) said on Thursday it had agreed to acquire privately held video messaging platform Loom for about $975 million …
Amir Efrati / The Information:
Sources: Sam Altman told staff that OpenAI is generating revenue at a $1.3B/year pace, implying the company now generates $100M+/month, up 30% in three months  —  ChatGPT maker OpenAI is generating revenue at a pace of $1.3 billion a year, CEO Sam Altman told staff this week, according to several people with knowledge of the matter.
Noema:
Today's most advanced LLMs have many flaws, but decades from now, they will be recognized as the first true examples of artificial general intelligence  —  Today's most advanced AI models have many flaws, but decades from now, they will be recognized as the first true examples of artificial general intelligence.
Kif Leswing / CNBC:
Piper Sandler survey of 9,000+ US teens: 29.1% of their daily video consumption time is on YouTube, beating Netflix for the first time at 28.7%, and ~7% on Hulu  —  - Teenagers in the United States say they watch more video on YouTube than Netflix, according to a new survey from investment bank Piper Sandler.
Alex Konrad / Forbes:
Over 220 VC firms, including Bain, Bessemer, and GGV, sign a statement supporting Israel and call for the investor community to support Israel's tech ecosystem  —  The open letter published on Thursday is the latest effort by startup investors to provide support for the state of Israel and its tech community, with 221 firms signed on.
Sarah Perez / TechCrunch:
Automattic expands ActivityPub support to WordPress.com hosted sites, letting blog owners reach 13.3M users across the fediverse, including Mastodon's 1.8M MAUs  —  Earlier this year, WordPress.com owner Automattic acquired a plugin that allowed WordPress blogs to be followed in the fediverse …
Yoolim Lee / Bloomberg:
Singapore's biggest tech hopes, Grab, Sea, and Razer, have stumbled, which may show why VCs were premature in calling Singapore the “Silicon Valley of Asia”  —  Grab's rough journey helps explain why the island nation has struggled to become the region's Silicon Valley.

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 6:00 PM ET, October 12, 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

The Guardian:
Sources: the Foreign Office has asked the BBC World Service to draw up a budget of up to £70M a year lower than the BBC management says it needs

Anthony D'Alessandro / Deadline:
Sony Pictures' Motion Picture Group Chairman and CEO Tom Rothman signs a multiyear contract extension, making him the longest-serving film chief in Hollywood

Lucas Shaw / Bloomberg:
Propagate Content acquires a majority stake in Parker, which represents dozens of influencers; sources: CAA Evolution is raising money to buy YouTube channels

More News

BBC:
Investigation: instant loan app scams entrap people in India and 13 other countries into a spiral of debt, driving many to suicide after shame and blackmail

Earlier Picks

Jacquelyn Melinek / TechCrunch:
US v. SBF: Caroline Ellison says Alameda paid $100M to $150M in crypto transfers to Chinese officials to unfreeze its OKX and Huobi trading accounts, worth ~$1B
Karen Hao / The Atlantic:
Sources: the US Department of Commerce is considering new export controls for general-purpose AI programs, a move that experts say could weaken US AI innovation
Reuters:
Sources: OpenAI plans to unveil major developer updates on November 6, like memory storage in its tools and vision capabilities to analyze and describe images
Gabe Bullard / Nieman Reports:
Internal memo: NPR lost a negligible amount of traffic in the six months since leaving X, after the service labeled the outlet “US state-affiliated media”
Alex Konrad / Forbes:
Cleanlab, which sells data labelling tools for more accurate AI training data, raised a $25M Series A led by Menlo Ventures and TQ Ventures at a $100M valuation
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
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