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August 8, 2024, 1:00 PM
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Top News

Josh Self / Politics.co.uk:
In a now-deleted X post, Elon Musk reposted a fake Telegraph story shared by a far-right party about the UK opening “Detainment Camps”; the post had 1.8M views  —  Elon Musk has deleted a post on X, the social media platform he owns, in which he spread fake news about …
Mark Gurman / Bloomberg:
Sources: Apple plans a Mac mini in 2024 with M4 and M4 Pro options that is less than half the size of the current mini, its first major design change since 2010  —  - It's the first major design change to Mac mini since Jobs era  — Entire Mac line to get updated with AI-focused M4 processors
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
Camilla Hodgson / Financial Times:
The UK CMA opens a formal merger inquiry into Amazon's Anthropic investment after getting “sufficient information” about the deal; Amazon is “disappointed”  —  CMA to escalate matter to the first phase after seeking views on tech giant's investment in the AI start-up
Financial Times:
Similarweb: active UK Telegram users hit 3.1M on July 29 and 3.7M on July 30 after a stabbing, as rioters used chat apps, up from a ~2.7M average in early 2024  —  Messaging service, known for ‘hands off’ approach to content moderation, faces pressure to tackle extremist groups
Natasha Lomas / TechCrunch:
Ofcom publishes an open letter to social media platforms raising concerns about the use of their tools to incite violence, following days of rioting in the UK
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
Richard Nieva / Forbes:
Hugging Face acquires XetHub, a collaboration platform started by ex-Apple employees who raised $7.5M to help developers work with and build large-scale models  —  Purchased for an undisclosed sum, XetHub is staffed by a number of former Apple employees.  Hugging Face thinks …
Adam James / The Block:
“Over the next few days”, Indian crypto exchange WazirX plans to undo all trades following its July 18 withdrawal freeze, after hackers stole $230M+ in crypto  —  - WazirX announced plans to undo all trades following its withdrawal freeze on July 18.
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.
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.
John Liu / New York Times:
Interviews with 12 TSMC staff detail ongoing culture clashes in Arizona, as well as Japan and Germany; about 50% of the 2,200 Phoenix workers came from Taiwan  —  The Taiwan Semiconductor Manufacturing Company facility in Phoenix.Cassidy Araiza for The New York Times
Chris Welch / The Verge:
Google says it stopped making the Chromecast due to intense competition, pivoting to a premium device, and views the Nvidia Shield as something to strive toward  —  The Chromecast is going away after more than a decade in Google's hardware portfolio, with the company phasing it out to make room for the new Google TV Streamer.
Katie Roof / Bloomberg:
Flyr, which provides software to travel companies, raised $225M in equity and $70M in debt, source says at a $900M valuation, bringing its total raised to $500M  —  Investors valued the startup at $900 million in its latest funding round. … The deal, led by WestCap, values the startup at $900 million …
Nicholas Sutrich / Android Central:
Meta closes Ready at Dawn Studios, acquired in June 2020 and which produced VR games like Lone Echo and Echo VR, to meet Reality Labs' new 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 …

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This is a Techmeme archive page. It shows how the site appeared at 1:00 PM ET, August 8, 2024.

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From Mediagazer

Financial Times:
GB News and UnHerd owner Paul Marshall acquires The Spectator for £100M, plans overseas expansion and online growth for the magazine

New York Times:
Business Insider names Jamie Heller, the business editor of The Wall Street Journal, to lead its newsroom as its next editor in chief

Ben Smith / Semafor:
Former SI and The Players' Tribune executives launch OffBall, a site, newsletter, and social feed with curated sports news from social media and other sources

More News

Drew Harwell / Washington Post:
A look at AI age scanners, which websites use to verify a person's age by analyzing their facial patterns and contours via webcam to help safeguard kids online
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
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

Earlier Picks

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
RTÉ:
Ireland's DPC launches High Court proceedings against X over concerns about how the company processes EU and EEA user data to train AI systems, including Grok
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
Chris Dolmetsch / Bloomberg:
A US judge orders Ripple to pay a $125M penalty for selling XRP to institutional investors, well below the almost $2B the SEC sought in the case; XRP jumps 20%+
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
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
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