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February 1, 2024, 12:25 AM
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Washington Post:
A recap of the US Senate Judiciary Committee's hearing on kids' online safety, with testimony from the CEOs of Meta, TikTok, X, Snap, and Discord  —  The chief executives of five major tech companies are testifying Wednesday about allegations they failed to protect children from abuse on their platforms …
More: U.S. Senate Judiciary Committee, The Verge, Engadget, The Verge, CNN, New York Times, Center for Democracy …, New York Post, Politico, NBC News, Tech Policy Press, 9to5Mac, CNBC, Social Media Today, TIME, Axios, TechCrunch, Tubefilter, New York Times, PetaPixel, Newser, Android Headlines, The Record, The Hill, The Hill, C-SPAN on YouTube, Business Post, Axios, The Messenger, Fight for the Future, Associated Press on YouTube, Associated Press, Livemint, Bloomberg, and New York Times
Threads: @alexheath and @bostonjoan.  Mastodon: @csmap_nyu@mastodon.social
X: @hawleymo, @sentedcruz, @sentedcruz, @sentedcruz, @kurtwagner8, @mikeisaac, @zsk, @wexler, @_andyburrows, @benjamingoggin, @mattbinder, @lincolnsbible, @aricohn, @kurtwagner8, @marisasheahill, @parents4sos, @sayhar, @andymstone, @bebraveglobal, @zsk, @cagoldberglaw, @cagoldberglaw, @justinbaragona, @ttp_updates, @zsk, @judiciarydems, @anacabrera, @kurtwagner8, @aricohn, @cagoldberglaw, @amyklobuchar, @judiciarydems, @kurtwagner8, @alexbarinka, @tech_oversight, @tiktokpolicy, @adamkovac, @kurtwagner8, @progresschamber, @franceshaugen, @iamsophianelson, @stevenlevy, @cspan, @jrhuddles, @jason_kint, @cagoldberglaw, @ttp_updates, @haajrahgilani, @danprimack, @zsk, @aricohn, @aftunion, @judiciarydems, @mikeisaac, @mikeisaac, @parents4sos, @mikeisaac, @jason_kint, @zamaan_qureshi, @alexbarinka, @cendemtech, @chuckgrassley, @elizableu, @kurtwagner8, @rebeccamkern, @davidshepardson, @asilbwrites, @fairplayforkids, @benjamingoggin, @designitforus, @mikeisaac, @cloud_opinion, @franceshaugen, @mollyroseorg, @evan_greer, @ali_lev, @adamkovac, @judiciarydems, and @jason_kint
LinkedIn: Heidi Saas, Leah Plunkett, and Aaron Haddock, Ph.D.
Taylor Hatmaker / TechCrunch:
Microsoft and X say they support the Kids Online Safety Act; Meta, Discord, and TikTok demur, citing criticism from groups or supporting only some parts of KOSA  —  On the eve of Wednesday's big tech hearing (both big tech and a big hearing — five CEOs are testifying as we speak) …
Angela Yang / NBC News:
Mark Zuckerberg apologizes to parents in the audience of a US Senate hearing who say that Meta's apps contributed to their children's suicide or exploitation
New York Times:
US lawmakers release 90 pages of Meta emails from 2021, showing Mark Zuckerberg rejected calls to bulk up resources for children's well-being and safety
Hannah Murphy / Financial Times:
US Senate hearing: Mark Zuckerberg says Apple and Google app stores should verify ages; Linda Yaccarino says X isn't “the platform of choice for children”
Alex Barinka / Bloomberg:
In a prepared Senate testimony, TikTok CEO Shou Chew says the company plans to spend $2B+ in 2024 on trust and safety globally and that the app has 170M US MAUs
Dustin Volz / Wall Street Journal:
The FBI and US DOJ disrupt Volt Typhoon, a uniquely dangerous Chinese hacking operation to hijack hundreds of Cisco and Netgear routers at end-of-life status  —  Chinese hackers prepare to ‘wreak havoc’ against Americans, FBI Director Chris Wray tells Congress
Tom Warren / The Verge:
Microsoft says that Teams, Word, Excel, PowerPoint, Outlook, OneNote, Loop, and Copilot features will be available on Apple Vision Pro at launch on February 2  —  Microsoft is launching a suite of its Microsoft 365 apps on Apple's Vision Pro headset later this week.
Jesse Hamilton / CoinDesk:
Celsius emerges from bankruptcy and plans to distribute over $3B to its creditors, who will also get a stake in the newly formed Ionic Digital mining operation  —  The distribution will be made through PayPal and Coinbase.  —  Register Now  —  Celsius will be shipping out more than $3 billion …
Aoyon Ashraf / CoinDesk:
An FTX lawyer says the defunct crypto exchange expects to fully repay its customers and has abandoned efforts to restart the platform, due to a lack of buyers  —  Its FTT token surged about 11% after the news.  —  10 Years of Decentralizing the Future  —  May 29-31, 2024 - Austin …
Jeffrey Gottfried / Pew Research Center:
US adults survey: 83% use YouTube; 68% use Facebook; 47% use Instagram; 27% to 35% use Snapchat, WhatsApp, LinkedIn, TikTok, and Pinterest; 22% use X and Reddit  —  YouTube and Facebook are by far the most used online platforms among U.S. adults; TikTok's user base has grown since 2021
Rachel Metz / Bloomberg:
OpenAI says GPT-4 poses “at most” a slight risk of helping create biological threats, according to early tests to evaluate “catastrophic” risks from LLMs  —  Artificial intelligence startup carried out tests as part of efforts to understand and prevent any “catastrophic” risks from its technology.
Kif Leswing / CNBC:
Qualcomm reports Q1 adjusted revenue up 5% YoY to $9.92B, vs. $9.51B est., handset chip sales up 16% YoY to $6.69B, and net income up 24% YoY to $2.77B  —  - Qualcomm beat on revenue and earnings in the quarter.  — The company said it shipped $6.69 billion in handset chips during the December quarter …
MK Manoylov / The Block:
Ripple co-founder Chris Larsen confirms “unauthorized access” to “a few of my personal XRP accounts”, after ZachXBT noted outflows of 213M XRP, worth $112.5M  —  - Ripple co-founder Chris Larsen said Wednesday that there had been “unauthorized access” to “a few of my personal XRP accounts.”
Alex Weprin / The Hollywood Reporter:
In an email to subscribers, Hulu says the company changed its subscriber agreement to bar sharing of accounts outside the user's household  —  The Disney-owned streaming service changed its subscriber agreement to ban sharing of accounts outside of individual households.
Mary Ann Azevedo / TechCrunch:
Metronome, which offers APIs to help SaaS companies charge customers on a usage basis, raised a $43M Series B led by NEA, bringing its total funding to $78M+  —  Metronome, a startup that helps software companies offer usage-based billing, has raised $43 million in a Series B funding round led by NEA.
Dean Seal / Wall Street Journal:
The US DOJ says eBay agreed to pay $59M to settle allegations of violating the Controlled Substances Act by allowing the sale of pill presses and other items  —  Justice Department says eBay has also agreed to enhance its compliance program  —  EBay will pay $59 million to settle …
Manish Singh / TechCrunch:
The Reserve Bank of India issues new curbs against Paytm's Payments Bank, including barring new deposits, credit transactions, and more after February 29
Todd Spangler / Variety:
UMG plans to stop licensing content to TikTok after their deal expires on January 31, saying they didn't reach terms over issues like artist compensation and AI  —  UMG said that its agreement with TikTok is set to expire on Jan. 31.  “The companies have not agreed to terms for a new agreement …

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From Mediagazer

Wall Street Journal:
WBD adds Anton Levy, former co-president of PE firm General Atlantic, to its board, a source says due to pressure from activist shareholder Sessa Capital

Megan Graham / Wall Street Journal:
Yahoo hires Josh Line, who was most recently Paramount Global's chief brand officer, as its CMO to revive its brand as “one of the OGs of the internet”

Bailey Lipschultz / Bloomberg:
Newsmax shares jumped as much as 667% in their NYSE debut after raising $75M in its IPO

More News

Tej Parikh / Financial Times:
Q&A with Stanford professor Erik Brynjolfsson on generative AI, potential productivity gains, his “J-curve” and “Turing trap” concepts, AI drawbacks, and more
Tom Warren / The Verge:
Nvidia RTX 4080 Super review: a $200 price cut to $999, 16GB of VRAM, and impressive 4K performance, but a bulky adapter and outperforms the RTX 4080 a little

Earlier Picks

Eri Sugiura / Financial Times:
UK prosecutors say the Met Police seized 61K bitcoin, worth £1.4B+, in 2018, as part of a trial over an alleged ~£5B investment fraud in China from 2014 to 2017
Adi Robertson / The Verge:
Bipartisan Senators unveil the DEFIANCE Act, which would let people sue over deepfake porn and other AI “intimate” images, after the viral Taylor Swift images
Adrienne LaFrance / The Atlantic:
Silicon Valley's powerful companies claim to embrace Enlightenment values, but instead are leading an antidemocratic, illiberal, and authoritarian technocracy
Mediagazer memeorandum WeSmirch
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