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November 10, 2023, 10:15 AM
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Top News

Bloomberg:
Experts say LockBit is behind the Industrial and Commercial Bank of China hack, a “ransomware as a service” group behind UK's Royal Mail hack among others  —  - LockBit is what's known as a ‘ransomware as a service’ group  — It is one of the most prolific ransomware attackers in world
Financial Times:
A ransomware attack stopped the Industrial and Commercial Bank of China, the country's largest bank, from settling US Treasury and some equity trades  —  Chinese bank says it has contained a hack that affected some fixed income and equities transactions  —  A ransomware attack …
Bill Toulas / BleepingComputer:
Microsoft: MOVEit hackers are exploiting a zero-day flaw in IT support tool SysAid in “limited” attacks to access corporate servers and deploy Clop ransomware  —  Threat actors are exploiting a zero-day vulnerability in the service management software SysAid to gain access …
Adi Robertson / The Verge:
Tumblr is downscaling its ambitions after failing to reach its goals for a new audience and plans to focus on the site's “core functionality” in 2024  —  Tumblr is downscaling its ambitions after failing to reach goals for a new audience, aiming to move some staff members to other divisions of parent company Automattic.
Decrypt:
Justin Sun's crypto exchange Poloniex says hackers stole more than $126M worth of crypto assets and it's working with other exchanges to recover funds  —  Poloniex, a crypto exchange owned by Tron founder Justin Sun, has seen more than $126 million worth of crypto assets exit one of its wallets as the result of a “hack incident.”
Wall Street Journal:
Sources: Meta strikes a preliminary deal with Tencent to sell a new, lower-priced VR headset in China, beginning in late 2024  —  Chinese videogame maker Tencent agrees to start selling a new lower-cost headset from Meta late next year  —  SINGAPORE—Meta Platforms has struck a preliminary deal …
Sean Hollister / The Verge:
A review of Valve's $549 Steam Deck OLED: a great screen, a longer battery life, and better ergonomics, but refresh rate issues and the platform is not stable  —  A new screen, a pile of improvements, and better pricing make this everything the original should have been.
Paresh Dave / Wired:
Humane plans to open Ai Pin pre-orders on November 16, starting at $699 plus $24/month for unlimited calls, texts, and data via T-Mobile, shipping in early 2024  —  If you're willing to clip the Ai Pin to your chest, you can talk, gesture, and tap to take photos or summon a powerful virtual assistant.
New York Times:
A look at Humane's $699 clip-on Ai Pin, the culmination of five years of work, $240M in funding, and 25 patents; Humane expects to sell ~100K in the first year
Michael Kan / PCMag:
Qualcomm ends its partnership with Iridium to bring satellite connectivity to Android phones, after launching the Snapdragon Satellite platform in January 2023  —  However, Iridium says it's now free to talk with other smartphone and chip vendors on enabling another satellite connectivity deal.
Daniel Wiessner / Reuters:
Apple agrees to pay $25M to settle the US DOJ claims that the company illegally favored immigrant workers over US citizens and green card holders for some jobs  —  Apple Inc (AAPL.O) will pay $25 million to settle claims by the U.S. Department of Justice that the company illegally favored immigrant workers …
Jordan Novet / CNBC:
Unity reports Q3 revenue up 69% YoY to $544.2M, missing estimates of $553.7M partly because of the fallout from new rules on video games in China; U drops 15%+  —  - Unity's revenue growth fell short of estimates, partly because of fallout from new rules on video games in China.
Soma Biswas / Wall Street Journal:
A bankruptcy court lets Celsius Network end its bankruptcy case, return most of its deposits back to users, and form a new company focused on mining and staking  —  A bankruptcy judge allowed the onetime crypto lender to return some of its customers' deposits while forming a new company focused on mining and staking
Janko Roettgers / Lowpass:
Sources: Amazon is working on Vega, a new OS to replace Android on Fire TVs, smart displays, and other devices and could ship Fire TV devices with Vega in 2024  —  Vega, baby! … Amazon has been working on a new operating system to replace Android on Fire TVs, smart displays and other connected devices …
Madhumita Murgia / Financial Times:
The UK's NHS is using the National Liver Offering Scheme, a predictive scoring algorithm found to have a fatal error, to help decide who gets a liver transplant  —  Sarah Meredith was in urgent need of a liver when she found out an algorithm would be making the life-or-death decision

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This is a Techmeme archive page. It shows how the site appeared at 10:15 AM ET, November 10, 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

Bill Donahue / Billboard:
Drake launches legal action against UMG and Spotify for allegedly using bots, payola, and more to inflate Kendrick Lamar's Not Like Us, a track attacking Drake

Mark Kleinman / Sky News:
Sources: CVC Capital Partners and a major European broadcaster, thought to be France's Groupe TF1, are among those considering a takeover of the UK's ITV

Joe Flint / Wall Street Journal:
Sources: NBC's new deal with Macy's to keep the Thanksgiving Day Parade on NBC and Peacock has an average annual fee of $60M+, up from ~$20M in the current deal

More News

Dean Takahashi / VentureBeat:
Helsinki-based Noice, a game livestreaming service that lets viewers participate in the gameplay experience, raised a $21M Series A
Bloomberg:
Amazon and Meta are testing a feature that shows US shoppers real-time prices and lets them buy products on Amazon directly from ads on Instagram and Facebook

Earlier Picks

Kyle Wiggers / TechCrunch:
OpenAI announces Data Partnerships to collaborate with organizations to build public and private datasets that “reflect human society” for AI model training
Camomile Shumba / CoinDesk:
The EU Parliament approves the Data Act, which has a kill switch clause for automated data-sharing agreements; the legislation now needs EU Council approval
Taras Buria / Neowin:
Microsoft says OneDrive users won't be asked for feedback when quitting the app on Windows and that this type of feedback helps teams improve the product
Manish Singh / TechCrunch:
Omegle, a service founded in 2009 for chatting with strangers, shuts down; founder Leif K-Brooks blames rising misuse, including in committing “heinous crimes”
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