Techmeme
April 5, 2024, 10:00 PM

Top News

Bloomberg:
A US jury finds Terraform Labs and Do Kwon liable for fraud in a US SEC lawsuit, boosting SEC's efforts to assert greater control over the crypto industry  —  - Terraform 2022 failure wiped out $40 billion in investor funds  — Kwon criminal trial on hold over extradition from Montenegro
Ryan Heath / Axios:
Meta plans to label a wider range of video, audio, and image content as “Made with AI” starting in May, following feedback from its independent Oversight Board  —  - The labels could be generated through self-disclosure when a user posts content, as a result of advice from fact-checkers …
Filipe Espósito / 9to5Mac:
Apple updates App Store guidelines, allowing game emulators for the first time globally, and letting music streaming apps in the EU link to external websites  —  After the EU commission fined Apple $2 billion and announced that it's not satisfied with the changes the company made to comply …
Dan Milmo / The Guardian:
Microsoft warns that China plans to disrupt US, South Korean, and Indian elections in 2024 with AI-generated content, after using Taiwan's election as a dry run  —  Beijing did a test run in Taiwan using AI-generated content to influence voters away from a pro-sovereignty candidate
Bloomberg:
FTC lawsuit filings: Instagram had ad revenues of $22B in 2020, or 26% of Meta's total revenue, $32.4B in 2021, or 27% of Meta's revenue, and $16.5B in H1 2022  —  - Sales figures for the app released in FTC's antitrust lawsuit  —  Meta Platforms Inc. brought in almost 30% of its revenue …
Alex Kantrowitz / Big Technology:
Google, Yahoo, Perplexity, and other search companies are working on understanding user intent to decide whether to show generative AI answers or just links  —  Yahoo is one of the most visited websites on the planet.  It's the most popular news site in the U.S., with more than 3 billion visits each month.
Bloomberg:
Sources: FTX's estate sold 25M to 30M locked-up SOL coins for $64 apiece, a deeply discounted price, to Galaxy Trading, Pantera, and others, raising up to $1.9B  —  - Galaxy raised $620 million fund to buy discounted SOL from FTX  — Sales were done at big discount to SOL's current market price
Matt Binder / Mashable:
Manish Singh / TechCrunch:
Amazon adds a store called Bazaar to its Android app in India, featuring affordable fashion and lifestyle products, to compete with Flipkart and Reliance's Ajio  —  Amazon has quietly introduced a “special store” called Bazaar in India, featuring affordable and trendy fashion and lifestyle products …
Jackie Davalos / Bloomberg:
OpenAI's COO says that ChatGPT Enterprise has 600K+ paying customers, up from ~150K in January, and 2024 will be “the year of adoption for AI in the enterprise”  —  - ChatGPT Enterprise now has more than 600,000 users signed up  — COO says this ‘is going to be the year of adoption for AI’
Song Jung-a / Financial Times:

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Earlier Picks

Natasha Lomas / TechCrunch:
Louise Matsakis / Wired:
Samantha Murphy Kelly / CNN:
Oliver Knight / CoinDesk:
Kyle Wiggers / TechCrunch:
Sam Kessler / CoinDesk:
Shirin Ghaffary / Bloomberg:
Lauren Feiner / The Verge: