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May 31, 2024, 6:45 PM
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Top News

Axios:
The US Treasury Department plans to make the IRS' Direct File program permanent from the 2025 tax season and invites all states and Washington DC to participate  —  - Treasury announced earlier this month that more than 140,000 people participated in the Direct File pilot program …
Brian Fung / CNN:
FCC ends the Affordable Connectivity Program, which helped low-income Americans afford internet service, after the House failed to approve additional funding  —  The Affordable Connectivity Program, which helped low-income Americans get online, is no more.  —  On Friday, the US government announced …
Reuters:
Japanese crypto exchange DMM Bitcoin says it has lost 4,502.9 bitcoin, worth about $308M, in an “unauthorised leak”, and is investigating the incident  —  TOKYO, May 31 (Reuters) - Japan's cryptocurrency exchange DMM Bitcoin said on Friday that it had lost 4,502.9 bitcoin …
Ben Lovejoy / 9to5Mac:
Meta is notifying Instagram and Facebook EU users that it's using their data to train its AI models, and users can opt out, “if your objection is honoured”  —  If you use Instagram or Facebook, Meta is using your data to train its AI models.  The company uses posts as training material for its generative AI systems.
Emily Nicolle / Bloomberg:
Tether acquires a $100M stake in US-listed bitcoin miner Bitdeer owned by Chinese billionaire Jihan Wu, with an option to buy $50M more in shares within a year  —  - Bitcoin miner is owned by the Chinese billionaire Jihan Wu  — Bitdeer was previously in talks with private credit firms
Devin Coldewey / TechCrunch:
Researchers claim that 2,107 US voters, mostly older, white Republican women, accounted for spreading 80% of the fake news on Twitter during the 2020 election  —  A pair of studies published Thursday in the journal Science offers evidence not only that misinformation on social media changes minds …
Michael Kan / PCMag:
Google plans to disable extensions built with the older Manifest V2 framework on June 3, beginning with users of Chrome's Beta, Dev, and Canary versions  —  The move begins with Chrome beta users on June 3, before a gradual phaseout of ‘Manifest V2’ extensions for all users in the coming months, which could impact uBlock Origin.
Zheping Huang / Bloomberg:
Sources: TikTok pauses plans to launch its e-commerce business in major European markets to focus on growth in the US where it's fighting the divest-or-ban law  —  - ByteDance halts plan to roll out shopping from Spain to Italy  — Company aims to entrench itself in its most lucrative market
Paul Sawers / TechCrunch:
The European Commission designates Temu as a “very large online platform” and says the company will have to comply with DSA rules by the end of September 2024  —  Temu, the super low-cost e-commerce marketplace owned by Chinese online retailer Pinduoduo, is to face …
Counterpoint Research:
Global foldable phone shipments were up 49% YoY in Q1, marking its highest rate of increase in six quarters; Huawei led with a 35% share, overtaking Samsung  —  - Global foldable smartphone shipments were up 49% YoY in Q1 2024, driven by Huawei, HONOR and Motorola.
Winston Cho / The Hollywood Reporter:
Startup Fable Studio announces Showrunner, a streaming service that lets users watch AI-generated series and create their own series by writing prompts  —  Fable, the studio behind the viral AI-generated ‘South Park’ clips, has announced a streaming platform that allows users to create their own content.
Abner Li / 9to5Google:
Google explains AI Overviews' viral mistakes and updates its systems, including “better detection for nonsensical queries” and limiting satire and humor content  —  Google this afternoon published a long response about AI Overviews and their accuracy.

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 6:45 PM ET, May 31, 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

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

Kurt Wagner / Bloomberg:
How Meta revamped Facebook's feed to show more posts from outside a person's network of friends and family, in a move to fight TikTok and win back younger users
Ben Thompson / Stratechery:
A look at the different approaches to AI integration and modularization taken by Google, AWS, Microsoft, Nvidia, Meta, and Databricks, and the implications

Earlier Picks

Forbes:
OpenAI is hiring research engineers to rebuild its robotics team; sources: the company plans to develop tech that robot makers will integrate into their systems
Dan Fitzpatrick / Forbes:
OpenAI unveils ChatGPT Edu, an “affordable” version for universities, including GPT-4o access, custom GPT creation, and higher message limits than the free tier
Sarah Perez / TechCrunch:
Spotify creates a refund process for its discontinued Car Thing gadget, as consumers sue claiming Spotify misled them by selling a soon-to-be obsolete product
Gerrit De Vynck / Washington Post:
OpenAI disrupted five covert influence operations in the past three months that used its tools to try to manipulate public opinion or shape political outcomes
Kyle Wiggers / TechCrunch:
On X, Paul Graham says claims about YC firing Sam Altman are “not true”, and Altman left because he wanted to work full-time on OpenAI as its CEO
Jess Weatherbed / The Verge:
Google rolls out new features to Android, including editing sent messages in Google Messages, improvements to instant hotspot, a Google Home widget, and more
Mike Corder / Associated Press:
Europol says police in Germany, the UK, the US, and others took down botnets spreading ransomware via infected emails, arrested four, and seized 2,000+ domains
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