Techmeme
November 1, 2023, 11:10 AM

Top News

Ingrid Lunden / TechCrunch:
At the UK's AI Safety Summit, the UK releases the Bletchley Declaration, signed by 29 countries, and the US Commerce Secretary announces an AI Safety Institute  —  The world is locked in a race, and competition, over dominance in AI, but today, a few of them appeared to come together …
Financial Times:
Ahead of the UK's AI summit, Chinese scientists warn of AI's “existential risk to humanity”; the UK says the next AI Summit will be held in South Korea  —  Attendees of Bletchley Park gathering convened by UK premier Rishi Sunak warn of ‘existential risk to humanity’
Washington Post:
AI Snake Oil:
What Biden's EO means for AI openness, and why a compute threshold is unlikely to effectively anticipate individual models' riskiness, but may work in aggregate  —  Good news on paper, but the devil is in the details  —  The Biden-Harris administration has issued an executive order on artificial intelligence.
Ryan Browne / CNBC:
New York Times:
On his final day of testimony, SBF denied knowing that billions of dollars in customer money had been misappropriated until shortly before FTX collapsed  —  The founder of the FTX crypto exchange was grilled by a federal prosecutor for a second day, just before both sides rested their case in the criminal fraud trial.
Jason Schreier / Bloomberg:
Sources: Bungie cut ~100 jobs after executives said the company's revenue was 45% below projections for the year, citing a drop in Destiny 2's popularity  —  - Sales at studio were running 45% below projections for year  — Layoffs are part of a bigger revamp at Sony PlayStation unit
Bloomberg:
A look at Apple's ambition to revolutionize health care: some breakthroughs marred by philosophical disagreements, a culture of conservatism, and tech realities  —  The company is working on big things, but employees disagree over whether they should be serving people who are healthy or sick.
Emma Roth / The Verge:
YouTube “launched a global effort” to encourage users with ad blockers to allow ads or try YouTube Premium, after a “small experiment” earlier in 2023  —  YouTube is broadening its efforts to crack down on ad blockers.  The platform has “launched a global effort” …
David Pierce / The Verge:
US v. Google offers a rare look at Google's 20 highest revenue queries for a week in September 2018: iPhone, insurance, cheap flights, online colleges, and more  —  Not all Google searches make Google money.  Google often says that it only shows ads on about 20 percent of queries, the ones it calls “commercial queries.”
More: 9to5Google
Brian Steinberg / Variety:
Shareholder letter: Netflix says its ad tier now has 15M MAUs globally, accounting for 30% of new sign-ups where its available, and plans new ad formats in 2024  —  Netflix is ready to use “The Crown,” “Squid Game” and other signature series to take ad dollars from rival streamers.
New York Times:
Check Point details a monthslong espionage campaign by Iranian hackers targeting countries, including Israel, underscoring Iran's improved hacking capabilities  —  A monthslong hacking campaign targeted the governments of regional rivals, including Israel, and marked a turn, a new report says …
Tim Wu / The Atlantic:
Despite broad support by the US public and lawmakers for child internet laws, Congress has done nothing, even after holding 39 hearings on the topic since 2017  —  Americans are broadly united in support of laws to make the internet safer for kids.  So why doesn't Congress act?
Ann E. Marimow / Washington Post:
After three hours of oral arguments, SCOTUS came to no consensus on whether public officials can block social media critics, part of two First Amendment cases  —  The Supreme Court will decide several cases this term that impact the future of free speech on social media platforms
More: CNN
Olivia Poh / Bloomberg:
Google, Temasek, and Bain research: online spending in Southeast Asia will rise ~11% in 2023 to $218B, slowing from 20% in 2022 and its lowest rate since 2017  —  - Region's digital economy cools as consumers curb spending  — Researchers cut near-term e-commerce growth estimate by 13%
Anna Irrera / Bloomberg:
HSBC launches a blockchain platform to tokenize ownership of gold held in its London vault; HSBC is one of the world's largest custodians of precious metals  —  - System creates tokens representing gold in bank's vault  — Blockchain allows investors to more easily track gold they own
Chavi Mehta / Reuters:
AMD reports Q3 revenue up 4% YoY to $5.8B, vs. $5.7B est., net income up 353% YoY to $299M, Data Center revenue of $1.6B, and Q4 sales forecast below estimates  —  Chip designer Advanced Micro Devices (AMD.O) forecast fourth-quarter revenue below Wall Street estimates on Tuesday …
Sarah Perez / TechCrunch:
Google and Match Group reach a settlement in their app store antitrust case: Google plans to let Match implement third-party billing options by March 31, 2024  —  Google and Match announced today they've reached a settlement in the antitrust battle Match waged against the tech giant …

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Earlier Picks

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Reuters:
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