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August 15, 2024, 10:15 AM
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Joseph De Avila / Wall Street Journal:
Eric Schmidt says he “misspoke” when he said Google was losing the AI race because it decided that “working from home was more important than winning”  —  Ex-Google CEO had said the tech company's work-life balance was ‘more important than winning’
Andy Greenberg / Wired:
Google says Iran-backed hacking group APT42 has targeted the Trump and Biden campaigns, as well as Israeli military, government, and diplomatic organizations  —  APT42, which is believed to work for Iran's Revolutionary Guard Corps, targeted about a dozen people associated with both Trump …
Mark Gurman / Bloomberg:
Sources: Apple is prioritizing developing a tabletop home device with an iPad-like display and a robotic limb, aiming for a release in 2026 or 2027 for ~$1,000  —  - Executive who oversaw car project is leading the effort  — Device would offer twist on home products from Amazon and Meta
Danny Gallagher / Engadget:
The US FTC announces a final rule banning the sale of fake reviews and testimonials, including AI-generated ones, with fines as high as $50K per violation  —  The new rules prohibit the selling of fake and AI-generated reviews and testimonials in several forms.
Ari Levy / CNBC:
Cisco reports Q4 revenue down 10% YoY to $13.64B, vs. $13.54B est., and says it is cutting 7% of its global workforce, or 4,000 jobs; CSCO jumps 5%+  —  Cisco shares popped in extended trading on Wednesday after the networking company said it's cutting 7% of its global workforce …
Adi Robertson / The Verge:
Images generated by Grok, like Barack Obama doing cocaine and Donald Trump and Kamala Harris with guns, go viral on X, raising questions about Grok's guardrails  —  xAI's Grok chatbot now lets you create images from text prompts and publish them to X — and so far, the rollout seems as chaotic …
Chris Welch / The Verge:
Sources: Sonos is considering relaunching its old mobile app as it works to improve the redesigned version, which launched in May 2024 to widespread criticism  —  Sonos has explored the possibility of rereleasing its previous mobile app for Android and iOS — a clear sign of what an ordeal the company's hurried redesign has become.
Financial Times:
Sources: SoftBank held talks with Intel about making an AI chip to compete with Nvidia, but Intel couldn't meet the demands; SoftBank is now talking to TSMC  —  Son hopes to put Japanese group at centre of artificial intelligence boom but talks with US chipmaker failed to progress
Chance Miller / 9to5Mac:
Apple says developers can offer NFC transactions using the iPhone's Secure Element, separate from Apple Pay, starting in iOS 18.1, with “associated fees”  —  Apple has announced that it is opening up the iPhone's NFC chip using the Secure Element to allow for third-party contactless payments …
Emilia David / VentureBeat:
Anthropic releases prompt caching, which lets developers cache frequently used context between API calls, in public beta on its API  —  Anthropic introduced prompt caching on its API, which remembers the context between API calls and allows developers to avoid repeating prompts.
Aisha Counts / Bloomberg:
A survey of 430 first-time Gen Z voters: 60%+ oppose requiring kids under 16 to get parental consent to use social media and 85% oppose notification time limits  —  - Survey polled 430 first-time voters from across the US  — Lawmakers have criticized Instagram, TikTok over child safety
Sean Hollister / The Verge:
Epic v. Google: in the final hearing after Epic's antitrust win, the judge says he'll “tear the barriers down” on the Play Store, but won't “micromanage” Google  —  Judge James Donato just made it crystal-clear: Google will pay.
Reuters:
CFIUS fines T-Mobile a record $60M for allegedly failing to prevent and report unauthorized access to sensitive data after its Sprint merger in 2020  —  A powerful U.S. committee that scrutinizes foreign investment for national security risks fined T-Mobile (TMUS.O) $60 million …
Zheping Huang / Bloomberg:
Alibaba reports Q1 revenue up 4% YoY to ~$34B, below ~$34.9B est., and net income down 27% YoY to ~$3.4B, after aggressive promotions failed to drive spending  —  - Net income dived 27% as spending on promotions ballooned  — Commerce shrank in a worrying sign for Chinese consumption

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From Mediagazer

Jonathan Stempel / Reuters:
A New York judge finds Sirius XM liable for a difficult subscription cancellation process; Sirius says it will appeal but abide by a new “click-to-cancel” rule

Brian Steinberg / Variety:
Sources: NBCUniversal Vice Chairman Bonnie Hammer plans to leave the company at the end of the year; she has been with the company since 2004

Peter Kafka / Business Insider:
A Q&A with Chris Balfe, CEO of Red Seat Ventures, which has helped Tucker Carlson and Megyn Kelly set up their podcast and streaming businesses and sell ads

More News

Earlier Picks

CNN:
A look at the five-person Gen Z team running Kamala Harris' TikTok account @KamalaHQ, capitalizing on the VP's viral moments and averaging 6M views per post
Maxwell Zeff / TechCrunch:
A look at Germany-based Black Forest Labs, which recently emerged from stealth with a $31M seed led by a16z and whose FLUX.1 model powers Grok's image generator
Amanda Silberling / TechCrunch:
President Biden speaks at the first White House Creator Economy Conference, with about 100 startup founders, industry stakeholders, and creators in attendance
Stuart A. Thompson / New York Times:
A look at some of the victims of now-ubiquitous deepfake video scams; an analysis of 2,000+ deepfakes found Elon Musk was featured in ~25% of such scams
Joseph Menn / Washington Post:
Access Now and Citizen Lab: Russian spy agencies are using deep knowledge about opponents, reporters, and human rights groups to target them via phishing emails
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