Techmeme
July 11, 2024, 10:10 PM

Top News

Leo Schwartz / Fortune:
The US SEC drops its investigation into Paxos over its BUSD stablecoin issued in partnership with Binance, after sending Paxos a Wells notice in February 2023  —  As the crypto industry continues its calls for regulatory clarity, a glaring question has been whether stablecoins …
Andrew Cunningham / Ars Technica:
Arm unveils Accuracy Super Resolution, an upscaler for mobile games based on AMD's FidelityFX Super Resolution 2, available under the MIT open-source license  —  Arm “Accuracy Super Resolution” is optimized for power use and integrated GPUs.  —  Some of the best Arm processors come …
Bloomberg:
Apple settles with the EU over Apple Pay and avoids potential fines by agreeing to open NFC access on iOS to third-party wallet developers for free for a decade  —  - EU accepts Apple pledge to open up payment tech to rivals  — Firm still faces mounting EU antitrust scrutiny in other areas
Vlad Savov / Bloomberg:
IDC estimates that Apple will sell under 500K Vision Pro units in 2024, and the headset's international launch will offset a 75% QoQ drop in US sales in Q3 2024  —  - The pricey headset's US sales are expected to plummet  — A more affordable model in a year's time should help momentum
Rachel Metz / Bloomberg:
OpenAI creates five levels to track its progress toward AGI: Chatbots, Reasoners, Agents, Innovators, and Organizations, and says it's nearly at level two  —  The company believes its technology is approaching the second level of five on the path to artificial general intelligence
Lawrence Abrams / BleepingComputer:
Signal plans to roll out a beta version of its desktop apps that tightens the security of how it stores plain text encryption keys, after downplaying the issue  —  Signal is finally tightening its desktop client's security by changing how it stores plain text encryption keys for the data store after downplaying the issue since 2018.
Wired:
Arab and Muslim workers at Meta detail frustrations over Meta's handling of internal discussions on the Israel-Hamas war, worrying it led to bad product choices  —  Arab and Muslim workers at Meta allege that its response to the crisis in Gaza is one-sided and out of hand.
Zack Whittaker / TechCrunch:
A May 2024 data breach at mobile spyware company mSpy leaked millions of customer support tickets, including personal data, its third known breach since 2010  —  Customer service emails dating back to 2014 exposed in May breach  —  A data breach at the phone surveillance operation mSpy …
Financial Times:
SoftBank buys struggling UK-based chipmaker Graphcore with regulatory approval; sources: the deal is valued at ~$600M, less than the ~$700M Graphcore had raised  —  Deal will give Bristol-based company a resource boost while advancing the ‘next big bet’ of Masayoshi Son's group
Marina Temkin / TechCrunch:
Regard, which saves physicians time by analyzing patients' health data using AI, raised a $61M Series B led by Oak HC/FT, a source says at a $350M valuation  —  People in tech often say that data is the new oil.  That phrase, coined by British mathematician Clive Humby, of course implies that data is valuable.
Thomas Ricker / The Verge:
SpaceX makes its $599 Starlink Mini portable dish available to everyone in the US; the Mini works with the $150/month Regional and $50/month Mini Roam services  —  SpaceX's Starlink Mini dish — which Elon Musk says “will change the world” — is now available to anyone in the US.
Mark Bergen / Bloomberg:
Helsing, which makes AI tools for defense, raised a €450M Series C led by General Catalyst, a source says at a €4.95B valuation, taking its funding to €769M  —  - Company formed in 2021 has now raised nearly €770 million  — Helsing will open entity in Estonia as part of Baltic push
Lauren Smiley / Wired:
A profile of Priscila Barbosa, who defrauded Uber and other apps by building a ~$10K-per-month business renting fake accounts to undocumented workers in the US  —  She came to the US with a dream.  Using platforms like Uber, Instacart, and DoorDash, she built a business empire up from nothing.

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Earlier Picks

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