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Techmeme
June 1, 2024, 2:50 AM
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Top News

Sergiu Gatlan / BleepingComputer:
Researchers say a threat actor claims to have hacked Ticketmaster and Santander using stolen credentials of a Snowflake employee; Snowflake disputes the claims  —  A threat actor claiming recent Santander and Ticketmaster breaches says they stole data after hacking into an employee's account at cloud storage company Snowflake.
Joseph Cox / 404 Media:
Filing: Ticketmaster confirms “unauthorized activity within a third-party cloud database”, after a hacking group advertised alleged data of 560M users for sale  —  Live Nation, the parent company of Ticketmaster, confirmed it found “unauthorized activity” within a cloud database …
Owen Walker / Financial Times:
Hacking group ShinyHunters offers to sell alleged data of Santander staff and 30M customers; Santander warned on May 14 that a database had been compromised  —  ShinyHunters group is advertising data it says includes account details of 30mn customers  —  Hackers are offering to sell …
Sarah Wynn / The Block:
President Biden vetoes a bill overturning SAB 121, a controversial SEC bulletin that establishes accounting standards for companies that custody crypto  —  - U.S. President Joe Biden vetoed a bill to overturn a controversial Securities and Exchange Commission bulletin, SAB 121 …
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 …
Politico:
YC is lobbying in Washington to support “Little Tech” over concerns that AI regulations meant to head off harms will instead help Big Tech maintain its lead  —  Venture capital firms are bringing San Francisco's startup culture to Washington as they try to tip the regulatory scales away from giants in the sector.
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.
Manish Singh / TechCrunch:
Jio Financial Services, part of Reliance, launches the JioFinance app to provide digital banking, bill payments, and other services in a crowded Indian market  —  Indian conglomerate Reliance Group is making its boldest consumer-facing move yet into financial services with the launch of JioFinance …
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.
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.
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 …
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.
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

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 2:50 AM ET, June 1, 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

Associated Press:
President Trump signed an EO on May 1 instructing CPB and other agencies to cut federal funding for NPR and PBS, alleging “bias” in the broadcasters' reporting

Washington Post:
After VOA director said staff can begin a “phased return”, an appeals court stays the preliminary injunction that allowed VOA and USAGM staffers to go back

Sean Burch / The Wrap:
The LA Times Guild says 14 of its members have been laid off, or 6% of its newsroom staff, the third round of newsroom layoffs at LAT in as many years

More News

Joshua Benton / Nieman Lab:
Rest of World retracts an article on WhatsApp misinformation “tip lines” in India after several fact-checking orgs detail how it was “riddled with inaccuracies”
Shubham Sharma / VentureBeat:
ElevenLabs launches Sound Effects, a tool that lets users generate sound effects via prompts and uses an in-house model fine-tuned on Shutterstock's audio data
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
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

Earlier Picks

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
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
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
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