Techmeme
June 27, 2024, 11:15 AM

Top News

Jay Peters / The Verge:
Google adds support for 110 new languages in Translate, up from 133 languages, in its largest expansion ever, aided by the company's PaLM 2 AI language model  —  Google is adding support for 110 new languages to Google Translate, the company announced on Thursday.
Tom Warren / The Verge:
Microsoft plans to launch its Xbox TV app on Amazon's Fire TV Sticks in July in 25+ countries, letting Game Pass Ultimate subscribers access Xbox Cloud Gaming  —  Microsoft is launching its Xbox TV app on Amazon's Fire TV Sticks in July.  The Xbox app will provide access to Xbox Cloud Gaming …
Sarah Wynn / The Block:
Coinbase files two lawsuits against the US SEC and the FDIC for not complying with FOIA requests; one of the FOIA requests is about how the SEC views ether  —  - Coinbase, which retained consultant firm History Associates Inc. to file the FOIA requests, took aim at the SEC and FDIC …
Dan Goodin / Ars Technica:
Progress Software discloses a critical vulnerability in MOVEit's SFTP module; hackers exploited a similar flaw in MOVEit in 2023 to breach almost 1,800 networks  —  A similar flaw last year left 1,800 networks breached.  Will the latest one be as potent?  —  A critical vulnerability …
Abner Li / 9to5Google:
Google announces faster Google Sheets calculations in Chrome and Edge browsers on desktop, doubling speeds for running formulas, creating pivot tables, and more  —  Google is touting significant speed improvements when performing calculations in Sheets on desktop Chrome and Edge.
Paul Gillin / SiliconANGLE:
Netherlands-based Innatera Nanosystems, which unveiled an energy-efficient AI chip for sensor-edge applications in January, raised a $21M Series A  —  Netherlands-based microprocessor maker Innatera Nanosystems B.V. said it closed an oversubscribed $21 million Series A funding round …
More: FinSMEs
Karissa Bell / Engadget:
Meta's Oversight Board issued 53 decisions in 2023 and says Meta has fully or partially implemented 75 out of 266 recommendations from January 2021 to May 2024  —  The board says it wants to weigh in on “demoted content” on Facebook and Instagram.  —  The Oversight Board has published …
Ina Fried / Axios:
Katie Roof / Bloomberg:
Clay, which develops AI tools focused on sales and marketing for businesses, raised $46M at a $500M valuation, bringing its total funding to $66M  —  Company was valued at $500 million in its latest funding round.  —  An artificial intelligence startup focused on sales and marketing …
Katie Mettler / Washington Post:
The US DOJ indicts a Russian national, who remains at large, for his alleged involvement in the WhisperGate malware attack on Ukrainian systems in January 2022  —  A federal grand jury indicted Russian national Amin Stigal this week on allegations that he conspired with the Russian military …
Joanna Chiu / Rest of World:
Citizen Lab: Microsoft censors its Bing translation service more extensively in China than its competitors, like Baidu Translate and Tencent Machine Translation  —  New Citizen Lab study comes as U.S. lawmakers scrutinize Microsoft's willingness to comply with demands from Beijing.
More: WinBuzzer
Kyle Wiggers / TechCrunch:
Orby AI, which is building generative AI agents to automate business workflows, raised a $30M Series A, sources say at a post-money valuation of $100M+  —  AI “agents” are generative AI models that can perform actions autonomously, like copying info from an email and pasting it into a spreadsheet …
More: SiliconANGLE
Aoyon Ashraf / CoinDesk:
Arkham: a wallet tagged to the US government moved ~3,940 BTC, worth ~$240M and originally seized from a Silk Road narcotics vendor, to a Coinbase Prime address  —  About 4k bitcoin had been seized from narcotics trafficker Banmeet Singh at his January 2024 trial.
Bloomberg:
OpenAI's move to cut off API access to Chinese developers sets the stage for a Chinese industry shakeup and will accentuate the divide between China and the US  —  - Local AI services from Baidu to 01.AI tout discount offers  — The abrupt move sets the stage for a Chinese industry shakeup
Duncan Riley / SiliconANGLE:
KarmaCheck, which uses AI to do background checks and was founded by LinkedIn's Eric Ly in 2019, raised a $45M Series B, bringing its total funding to ~$60M  —  Background checks, credentialing and compliance software company KarmaCheck Inc. today announced that it has raised $45 million …
More: Reuters
Carmen Reinicke / Bloomberg:
Amazon reaches a $2T market valuation for the first time; its shares have whipsawed since the company's Q1 2024 earnings and have gained 29% so far in 2024  —  - Megacap joins Alphabet, Nvidia and more above key level  — Company's cloud unit posted biggest sales growth in a year

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Jay Peters / The Verge:

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Kate Knibbs / Wired:
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Alex Sherman / CNBC:
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The Information: