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April 17, 2024, 1:45 PM
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Top News

Andy Greenberg / Wired:
Mandiant links hacktivist group Cyber Army of Russia, which claimed to target utilities in France, the US, and Poland, to Russia-linked hacking group Sandworm  —  Cyber Army of Russia Reborn, a group with ties to the Kremlin's Sandworm unit, is crossing lines even that notorious cyberwarfare unit wouldn't dare to.
Josh Dzieza / The Verge:
How a network of repair ships helps maintain the estimated 800,000 miles of undersea internet cables; of the 77 cable ships, only 22 are designated for repair  —  Field's crew caught the cable on the first try and nearly had it aboard when the rope snapped and slipped back into the sea.
Joseph Cox / 404 Media:
A look at Spy Pet, a Discord scraping service that claims to get data from 14K+ servers and 600M users, available for ~$5 in crypto; Discord is investigating  —  An online service is scraping Discord servers en masse, archiving and tracking users' messages and activity across servers including …
Sergiu Gatlan / BleepingComputer:
Current and former T-Mobile and Verizon employees say they are receiving texts offering up to $300 to perform a SIM swap; T-Mobile says it is investigating  —  Criminals are now texting T-Mobile and Verizon employees on their personal and work phones, trying to tempt them with cash to perform SIM swaps.
Steven T. Dennis / Bloomberg:
US Senators Cynthia Lummis and Kirsten Gillibrand propose a bill to regulate stablecoins; House and Senate lawmakers are pushing to pass a bill as soon as May  —  - Lummis, Gillibrand say their measure would protect consumers  — Brown wants combo with marijuana banking, executive clawbacks
Rob Golum / Bloomberg:
Filing: Take-Two plans to lay off 5% of its workforce, expecting to incur up to $200M in charges as part of the downsizing, including $140M from canceled titles  —  The company sees expenses of up to $200 million as part of the effort, including as much as $140 million from canceled projects …
Arjun Kharpal / CNBC:
ASML reports Q1 net sales down 21.6% YoY to €5.29B, vs. €5.39B est., net income down 37.4% YoY to €1.22B, vs. €1.07B est., and net bookings down 4% YoY to €3.6B  —  A logo on the exterior of the ASML Holding NV headquarters in Veldhoven, Netherlands, on Wednesday, Jan. 24, 2024.
Matt Day / Bloomberg:
How Amazon built Just Walk Out starting in the early 2010s, driven by Jeff Bezos, as the company removes the tech from its stores but expands to other retailers  —  The company is cutting back on the “Just Walk Out” tech in its own grocery locations.
Cecilia D'Anastasio / Bloomberg:
Activision drops team entry fees for its professional Call of Duty League, and will return prior collected fees, as the esports industry faces profit challenges  —  The teams, including ones owned by sports-business billionaires Robert Kraft and Stan Kroenke, will no longer be required to pay …
Bloomberg:
How GitHub Copilot became responsible for a significant percentage of coding, despite its limitations; Stack Overflow: 54.8% of developers used Copilot in 2023  —  The assistant is saving engineers hundreds of hours a month and is helping GitHub retain its edge over rivals including Amazon and Google.
Bloomberg:
Sources: German grocery delivery startup Flink raised another €100M from existing investors and has been in merger talks with rivals Getir and Just Eat Takeaway  —  - Flink has been in merger talks with Getir, Just Eat Takeaway  — Grocery apps boomed in the pandemic but struggled with costs

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This is a Techmeme archive page. It shows how the site appeared at 1:45 PM ET, April 17, 2024.

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

Jonathan Stempel / Reuters:
A New York judge finds Sirius XM liable for a difficult subscription cancellation process; Sirius says it will appeal but abide by a new “click-to-cancel” rule

Ashley Carman / Bloomberg:
A growing number of podcasters, including Tim Ferriss, are moving away from interviews to monologues or co-hosts, as some well-known guests can be overexposed

Brian Steinberg / Variety:
Sources: NBCUniversal Vice Chairman Bonnie Hammer plans to leave the company at the end of the year; she has been with the company since 2004

More News

David Ljunggren / Reuters:
Canada plans to introduce a digital services tax on large tech companies, which could raise CA$5.9B over five years starting in FY 2024-2025; the US is opposed
Kyle Wiggers / TechCrunch:
The Linux Foundation launches the Open Platform for Enterprise AI, to foster the development of open, multi-provider, and composable generative AI systems

Earlier Picks

Priya Anand / Bloomberg:
Sensor Tower: Naval Ravikant and Brian Norgard's invitation-only audio social network app Airchat has been downloaded 30K+ times since relaunching five days ago
Lizette Chapman / Bloomberg:
Andreessen Horowitz raised $7.2B, including $600M for American Dynamism, $3.75B for late-stage startups, and $600M for gaming, exceeding its target by ~4%
Connor Jones / The Register:
UnitedHealth says the February ransomware attack on Change Healthcare cost the company $872M in Q1; another ransomware group appears to be extorting the company
Abner Li / 9to5Google:
YouTube strengthens its “enforcement on third-party apps” violating its ToS, “specifically ad-blocking apps”, leading to error messages and “buffering issues”
Benjamin Sandofsky / Sandofsky:
How Humane's attempt to build its Ai Pin “The Apple Way” led to disastrous results, after taking six years to build it and raising $230M
Financial Times:
Microsoft invests $1.5B in Abu Dhabi-based AI startup G42 for a minority stake, after G42 severed ties with Chinese suppliers; Brad Smith will join G42's board
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