Techmeme
June 12, 2024, 6:00 PM

Top News

Bloomberg:
Terraform Labs and co-founder Do Kwon agree to pay $4.47B to resolve a US SEC lawsuit, after a jury in April found them liable for fraud following a civil trial  —  - Deal includes $204.3 million payment by founder Do Kwon  — Terraform, Kwon found liable for fraud in April civil trial
Sean Michael Kerner / VentureBeat:
Stability AI releases Stable Diffusion 3 Medium, intended to be a smaller yet capable model on consumer GPUs, with 2B parameters, compared to SD3 Large's 8B  —  Bigger isn't always better, especially when it comes to running generative AI models on commodity hardware.
Mariella Moon / Engadget:
X says Likes are now private for everyone, meaning users are no longer able to see who liked someone else's post  —  Likes on the website will no longer cause PR crises for public figures.  —  Thanks to X showing what its users “like” on its platform, politicians and public personalities …
Verne Kopytoff / Fortune:
In an interview, OpenAI CTO Mira Murati responded to Elon Musk's denouncement of Apple's OpenAI deal, saying OpenAI cares deeply about user privacy and security  —  A top OpenAI executive defended her company against Elon Musk, a day after the billionaire CEO described the integration …
Joseph Cox / 404 Media:
A hacker says they breached Tile internal tools, including one for processing data for cops, and stole customer data like phone numbers, addresses, and Tile IDs  —  A hacker broke into systems used by Tile, the tracking company, then stole a wealth of customer data and had access to internal company tools.
Arsheeya Bajwa / Reuters:
Broadcom reports Q2 revenue up 43% YoY to $12.49B, vs. $12.01B est., raises FY 2024 revenue forecast, announces a 10:1 stock split; AVGO jumps 9%+ after hours  —  Tech conglomerate Broadcom (AVGO.O) raised its annual revenue forecast on Wednesday, betting on higher demand for its networking equipment …
Ina Fried / Axios:
Former IBM and Xerox PARC engineer Lynn Conway, who helped shape the way chips are designed and undertook a gender transition in 1968, died on June 9 at age 86  —  - In the 1970s, Conway helped author “Introduction to VLSI Systems,” a seminal book in the field of chip design that became …
Ivan Mehta / TechCrunch:
A list of apps that Apple “Sherlocked” at WWDC 2024, like 1Password and LastPass, call transcription apps like Truecaller, and custom emoji apps like Newji  —  Apple has been on a spree of late, announcing a host of new features for its various devices earlier this week at its Worldwide Developer Conference (WWDC).
Andrew Cunningham / Ars Technica:
Apple developer documentation: macOS 15 Sequoia will let virtual machine users sign into iCloud and Apple ID-related services, which was previously not possible  —  It only works for macOS 15 guests on macOS 15 hosts, but it's a big improvement.  —  We've written before about Apple's handy …
Reed Albergotti / Semafor:
AI search engine Perplexity says it was working on revenue-sharing deals with publishers when Forbes criticized it for misusing content from Forbes and others  —  The Scoop  —  Perplexity, the AI search startup that recently came under fire from Forbes for allegedly misusing its content …
Christine Hall / TechCrunch:
Canary Technologies, which offers tools for hotel guest management, raised a $50M Series C led by Insight Partners, bringing its total raised to nearly $100M  —  The hospitality industry is back, baby.  And with it comes a chance for technology startups to not only help hotels streamline their operations …
Ben Schoon / 9to5Google:
Pew Research Center:
A survey of 10,287 US adults on Facebook, Instagram, TikTok, and X: most see news content, but a minority says they are on the platform for news, except for X  —  X remains more of a news destination than other sites, but the vast majority of users on all four are seeing news-related content
Benjamin Hoffman / New York Times:
Some people are using “slop” to describe low-grade AI material in social media, art, books, and more; the term emerged in reaction to AI art generators in 2022  —  A new term has emerged to describe dubious A.I.-generated material.  —  You may not know exactly what “slop” means in relation to artificial intelligence.

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Earlier Picks

Wall Street Journal:
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Jordan Novet / CNBC: