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August 8, 2024, 2:30 AM
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| Chris Dolmetsch / Bloomberg: |
A US judge orders Ripple to pay a $125M penalty for selling XRP to institutional investors, well below the ~$2B the SEC had sought in the case; XRP jumps 20%+ — - Regulator had sought almost $2 billion in fines, penalties — Ripple token XRP surges on court ruling but is flat this year| Kylie Robison / The Verge: |
Sources: Humane's Ai Pin and accessories have brought in $9M+ in sales and $1M+ worth of product has been returned; ~7,000 Ai Pins are still in customers' hands — Shortly after Humane released its $699 AI Pin in April, the returns started flowing in.
More: Wccftech, Pixel Envy, The Information, Quartz, Tom's Guide, Phandroid, Gizmodo, Digital Trends, Engadget, MacRumors, and 9to5Mac
Threads: @crumbler. Mastodon: @mhoye@mastodon.social. X: @edzitron, @kyliebytes, @dlberes, @carnage4life, @kyliebytes, @kyliebytes, @markgurman, @benbajarin, @ryan_browne_, and @samfbiddle
Forums: Hacker News and r/technology
| Financial Times: |
Sources: Google and Meta ran a pilot program in the US in May 2024 to target Instagram ads to teenagers on YouTube, which prohibits targeting ads to under-18s — Campaign on YouTube to boost Instagram's appeal to young people skirted search group's rules for marketing to under-18s| Thomas Brewster / Forbes: |
Researchers: hackers have used an 18-year-old flaw in how Safari, Chrome, and Firefox on macOS handle queries to a 0.0.0.0 IP address to breach private networks — Weaknesses in Chrome, Firefox and Safari gave hackers a route into internal networks, even those protected by firewalls, security researchers warn.
More: Oligo security, MacRumors, AppSec Village, Macworld, BGR, iThinkDifferent, 9to5Mac, AppleInsider, and The Verge
| RTÉ: |
Ireland's DPC launches High Court proceedings against X over concerns about the company's use of user data in the EU and EEA to train AI systems including Grok — The Data Protection Commission has launched High Court proceedings against Twitter International Unlimited Company over concerns … | Nicholas Sutrich / Android Central: |
Meta closes Ready at Dawn Studios, which it acquired in 2020 and produced VR games like Lone Echo and Echo VR, to meet the new Reality Labs budgetary ceiling — Echo VR developer Ready at Dawn Studios is now closed for business. — Updated 8/17 at 5:19pm ET: The information Android Central …
More: Game Developer, Gematsu, MIXED Reality News, UploadVR, Eurogamer.net, PC Gamer, Neowin, VG Charts, Push Square, TheGamer, Digital Trends, Road to VR, Press Start, Video Games Chronicle, IGN, Niche Gamer, Engadget, PlayStation LifeStyle, and Phandroid
X: @ethangach, @edzitron, @lunayian, @tyrielwood, @chadverrall, @thomas_griebel, @asychov, @gwanatu, @nathievr, @jeffcannata, @hero_kvatch, @7egend, @shrives93, and @gwanatu
Forums: r/pcgaming, r/virtualreality, r/PS4, r/EchoArena, r/oculus, r/OculusQuest, r/Games, and r/PS5
| Lily Hay Newman / Wired: |
A researcher details a Windows Update vulnerability that could be exploited to downgrade key components of Windows to older versions that contain known flaws — A researcher found a vulnerability that would let hackers strategically downgrade a target's Windows version to reexpose patched vulnerabilities.
More: SafeBreach, The Register, Washington Post, The Register, SecurityWeek, BleepingComputer, PCMag, Cybernews.com, and Notebookcheck. Mastodon: @HoustonDog@mastodon.world
| Financial Times: |
UK officials say X has been less responsive to removing disinformation than Google, Meta, and TikTok, as Elon Musk launches a series of jibes at PM Keir Starmer — Social media site owner Elon Musk has also been posting jibes at UK Prime Minister Keir Starmer
More: Wired, Washington Post, The Times, SiliconANGLE, Politico, BBC, New York Times, The Register, PCMag, The Guardian, Bloomberg, CNBC, Washington Post, Business Insider, Social Media Today, Telegraph, NBC News, and Mashable
X: @keir_starmer, @elonmusk, @mrjamesob, @keir_starmer, @marcowenjones, @georgemonbiot, @sangitamyska, @jamesrbuk, @aaronbastani, @iandunt, @adam_grant_bell, @webdevlaw, @tomabacon, @jmpsimor, @netblocks, @adam_grant_bell, @elonmusk, @elonmusk, @drjennings, @mrdenmore, @annasophiegross, @mij_europe, @johnobrennan2, @elonmusk, and @elonmusk
Forums: r/EnoughMuskSpam, r/NewsAndPolitics, r/inthenews, r/politics, and r/ukpolitics
| Natasha Lomas / TechCrunch: |
| Lauren Feiner / The Verge: |
A group of VCs, including Reid Hoffman and Ron Conway, hosted a “VCs for Kamala” Zoom call to support Harris' campaign with up to 600 attendees, raising $150K — It started with a “rage tweet.” — “Gonna start ‘VCs for Democracy,’” Leslie Feinzaig, founder and general partner at Graham & Walker, wrote on X in late July.
More: Benzinga, The Block, The Information, The Hollywood Reporter, New York Times, and GeekWire
Bluesky: @tylerking.bsky.social. X: @agarfinks, @macconwell, @teddyschleifer, @eringriffith, @micsolana, and @bizcarson
| Axios: |
Anduril Industries raised a $1.5B Series F co-led by Founders Fund and Sands Capital at a $14B valuation, up from ~$8.5B after raising ~$1.5B in December 2022 — - Sands Capital and existing investor Founders Fund co-led the Series F round, which is at a 65% post-money premium to where Anduril last raised money in late 2022.
More: Bloomberg, Financial Times, TechCrunch, Wired, and Anduril Industries
| Bill Peters / MarketWatch: |
Robinhood reports Q2 revenue up 40% YoY to $682M, vs. $640M est., crypto transaction revenue up 161% to $81M, and net income of $188M, up from $25M in Q2 2023 — Cryptocurrencies revenue up 161% in second quarter, while equities revenue rises 60% — Robinhood Markets Inc. reported second …
More: Robinhood, Cryptonews, Cointelegraph, CoinGape, The Information, Reuters, SiliconANGLE, PYMNTS.com, The Crypto Times, Proactive, The Block, and Bitcoin Insider
X: @thetranscript_, @robinhoodapp, and @cnbcovertime
| Türkiye Today: |
Turkey bans Roblox, after blocking Instagram on August 2; a Turkish official said the ban was primarily related to sexual content that could lead to child abuse — Roblox, the widely popular online gaming platform, is banned in Türkiye on Wednesday, a move that comes in the wake of a nationwide block on Instagram.
More: Game Rant, JURIST, Türkiye Today, Turkish Minute, Dot Esports, PocketGamer.biz, Yeni Safak, and Stockholm Center for Freedom
X: @mahajansi, @notblate, @alextanooki, and @rbxnews_
| Sarah Perez / TechCrunch: |
Meta says Facebook creators who violate Community Standards for the first time will be given the option to take a training course to remove their warning — Facebook creators are being given a new option that will help them avoid jail — “Facebook jail,” that is — upon their first violation, and at various times after.| Tim Stevens / The Verge: |
YouTube channels focusing on cars, like Car Throttle and Donut, have seen an exodus of popular on-camera talent, often after investors acquired their channels — From Car Throttle to Donut, countless YouTube creators are fleeing. But is this a new trend or a tale as old as venture capital?| Jared Newman / Fast Company: |
An interview with Mozilla interim CEO Laura Chambers on investing in Firefox, privacy-preserving ad measurements, becoming less dependent on Google, and more — But can it avoid upsetting its most loyal users along the way? — Last month, Mozilla made a quiet change in Firefox that caused some diehard users to revolt.| Dominic-Madori Davis / TechCrunch: |
Techstars lays off 17% of its workforce, and says it will end the JP Morgan-backed $80M Advancing Cities fund after it is fully deployed at the end of 2024 — Techstars is laying off 17% of its workforce and will end its $80 million J.P. Morgan-backed AdvancingCities program once the fund …
More: Techstars, The Information, and Chicago Business Journal
| Patrick Clark / Bloomberg: |
Zillow names COO Jeremy Wacksman as CEO, replacing Rich Barton, who is stepping down to become co-executive chair; Zillow reported Q2 earnings topping estimates — - COO Wacksman will take over as chief executive officer — Housing freeze has battered company's share price this yearSponsor Posts
Meta:
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Open Source AI: Available to all, not just the few — Meta's open source AI enables small businesses, start-ups, students, researchers and more to download and build with our models at no cost.
Tribe AI:
Build AI products that matter — Tribe AI helps organizations rapidly deploy AI solutions that have real business impact. We bring together world class AI talent and tooling to drive differentiated results.
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Zoho:
5 common accounting mistakes — This is a guest post by Yaali Bizappln Solutions. A lot of businesses manage their customers and finances on separate platforms. This disconnect often leads to missed invoices …
5 common accounting mistakes — This is a guest post by Yaali Bizappln Solutions. A lot of businesses manage their customers and finances on separate platforms. This disconnect often leads to missed invoices …
Hamming:
Make AI Voice Agents trustworthy — Hamming AI automatically tests AI voice agents and continuously monitors them in production.
Make AI Voice Agents trustworthy — Hamming AI automatically tests AI voice agents and continuously monitors them in production.Who's Hiring In Tech?
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