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March 13, 2024, 11:40 AM
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Washington Post:
The US House passes a bipartisan TikTok bill that forces a sale or ban of the app; the legislation faces an uncertain Senate path without a companion measure  —  The House vote, set for Wednesday, is expected to mark the first time a chamber of Congress has passed legislation that could lead to a ban of a social media platform.
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Wall Street Journal:
As TikTok faces a divestment bill in the US, a look at how lawmakers and the Biden administration quietly planned the legislation and caught TikTok by surprise  —  Executives of the video-messaging app thought they had fended off attacks.  Behind the scenes, lawmakers and Biden officials were working to force its ban or sale.
CNBC:
The EU Parliament approves the AI Act, voting 523 in favor and 46 against, despite competition fears; the Act, born in 2021, puts AI tech into risk categories  —  - The European Union Parliament on Wednesday approved the world's first major set of regulatory ground rules to govern …
Washington Post:
How online group 764 uses Discord and Telegram to blackmail teens into degrading and violent acts, and then boast about it; Discord removed 34K users in 2023
Romain Dillet / TechCrunch:
Spotify rolls out music videos on mobile and desktop in beta in 11 markets, including Brazil, Germany, Indonesia, Italy, and the UK, for Premium subscribers  —  Spotify is adding music videos to its mobile and desktop apps in some markets.  They are tightly integrated with the company's music library …
Emilia David / The Verge:
Google DeepMind details SIMA, an AI agent training to learn gaming skills to play like a human; SIMA trained on No Man's Sky, Goat Simulator 3, and other games  —  Google DeepMind unveiled SIMA, an AI agent training to learn gaming skills so it plays more like a human instead of an overpowered AI that does its own thing.
Bill Toulas / BleepingComputer:
Google paid out $10M to 632 bug bounty researchers in 2023 via its Vulnerability Reward Program, including $3.4M for Android bugs; the highest bounty was $113K  —  Google awarded $10 million to 632 researchers from 68 countries in 2023 for finding and responsibly reporting security flaws in the company's products and services.
Chris Eggertsen / Billboard:
Neil Young brings his music back to Spotify after requesting its removal in January 2022, saying “Apple and Amazon have started serving the same disinformation”  —  The singer-songwriter previously had his music removed from the platform over what he deemed the spread of vaccine misinformation on the Joe Rogan Experience.
Bill Toulas / BleepingComputer:
A US jury convicts Russian-Swedish national Roman Sterlingov for operating crypto “tumbler” Bitcoin Fog between 2011 and 2021, laundering 1.2M+ BTC worth ~$400M  —  Russian-Swedish national Roman Sterlingov was convicted by a federal jury in Washington, D.C., for operating Bitcoin Fog between 2011 and 2021.
Timmy Shen / The Block:
US Copyright Office and USPTO study: existing IP laws are sufficient to address NFT copyright infringement concerns and changes are not currently necessary  —  - The intellectual property authorities in the U.S. noted in an NFT study that the current laws are sufficient to address infringement concerns.
Olga Kharif / Bloomberg:
Ethereum completes its Dencun upgrade, which lowers expenses on Layer 2 networks by storing data in “blobs”; a transaction that once cost $1 can now cost a cent  —  - Software upgrade reduces costs for so-called Layer 2 chains  — Upgrade expected to spur on development of new apps and chains
Tiernan Ray / ZDNet:
Cerebras announces the WSE-3, a TSMC-made 5nm chip almost the size of a 12-inch wafer with 4T transistors, up from 2.6T in the WSE-2, for training AI models  —  The race for ever-larger generative artificial intelligence models continues to fuel the chip industry.
Patricia Hernandez / Polygon:
How MrBeast dominates this ostentatious YouTube era, using a fast, frantic, and omnipresent editing style, as his videos slowly evolve to focus on storytelling  —  Jimmy Donaldson warped YouTube in his image — but YouTube is warping him back  —  In the fall of 2023, a clip ripped from a video …
Mayank Parmar / BleepingComputer:
Brave says that daily Brave iOS app installs jumped from ~8K to over 11K after Apple added a default browser choice screen in the EU to comply with the DMA  —  Brave has seen a sharp increase in users installing its privacy-focused Brave Browser on iPhones after Apple introduced changes …
Mike Isaac / New York Times:
How Reddit CEO Steve Huffman, who returned in 2015 during a leadership crisis, grew the website from $12M in annual revenue to $800M+ and from 80 staff to 2,000  —  The site, a throwback to an earlier era of social media, is poised to go public as soon as next week.  It hasn't been easy to reach this point.
George Hammond / Financial Times:
Memo: John Collison says Stripe is in “no rush” to go public and its payment volume rose 25% YoY to $1T in 2023; source: Stripe hit ~$1B in Q3 2023 net revenue  —  Payments company has become a Silicon Valley bellwether as its valuation has risen and fallen over the past few years
Aisha Malik / TechCrunch:
Bluesky open sources its collaborative moderation tool Ozone and plans to let users run their own independent moderation services later this week  —  Decentralized Twitter/X rival Bluesky announced today that it's open sourcing Ozone, a tool that lets individuals and teams collaboratively review and label content on the network.
Sarah Perez / TechCrunch:
RevenueCat survey of nearly 30K mobile subscription apps finds that only 17.2% of them will reach $1,000 in monthly revenue and only 3.5% will reach $10,000  —  Investors know that most startups fail, but something that may be less understood is how few mobile apps actually make money.

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This is a Techmeme archive page. It shows how the site appeared at 11:40 AM ET, March 13, 2024.

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From Mediagazer

Anna Betts / The Guardian:
A judge orders an evidentiary hearing for next week to determine whether the Infowars auction was conducted fairly

Michael Gold / New York Times:
President-elect Donald Trump announces he has chosen Karoline Leavitt, who served as his campaign's press secretary, to be his White House press secretary

Matthew Keys / The Desk:
Prime Video users will be able to watch local PBS stations and PBS Kids for free in coming months, and two new free PBS channels with ads starting November 26

More News

Sean Michael Kerner / VentureBeat:
Chicago-based Ocient, which provides hyperscale data warehouse and analytics software, raised a $49.4M Series B extension, bringing its total funding to $119M

Earlier Picks

Bloomberg:
Letter: Chamath Palihapitiya's VC firm Social Capital fired two of its partners, citing an undisclosed “situation”, and hired a law firm to investigate
Financial Times:
Docs: Nigeria, which has held two Binance execs since February during a crypto exchange crackdown, is pushing for data on Binance's top 100 local users and more
Ashlee Vance / Bloomberg:
Source: Physical Intelligence, a startup making an AI model for “any robot or physical device”, raised $70M from Thrive, Khosla, Lux, OpenAI, Sequoia, and more
Charlotte Trueman / DatacenterDynamics:
Meta details its two new data center scale clusters, both containing 24,576 Nvidia H100 GPUs that the company is using for AI workloads like training Llama 3
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