Techmeme
March 24, 2023, 2:25 PM

Top News

Todd Spangler / Variety:
Twitter plans to wind down its legacy verified program and remove legacy verified checkmarks starting on April 1, 2023  —  The social network, which the mega-billionaire bought last year in a debt-heavy $44 billion deal, announced on Thursday that starting April 1, it will remove …
Mitchell Clark / The Verge:
The Verge:
Natasha Lomas / TechCrunch:
CMA narrows probe of Microsoft's $69B Activision Blizzard acquisition, saying new evidence “provisionally alleviates” concerns about UK game console supply  —  The UK's antitrust watchdog has narrowed its probe of Microsoft's $68.7 billion bid for video game giant, Activision Blizzard, it said today.
Reed Albergotti / Semafor:
Sources: in 2018, Musk said OpenAI lagged behind Google and cut ties after his offer to run it was rejected; Altman took no equity in OpenAI's for-profit entity  —  After three years, Elon Musk was ready to give up on the artificial intelligence research firm he helped found, OpenAI.
Laura Kayali / Politico:
France plans to use large-scale AI-based video cameras for the 2024 Paris Olympics, potentially becoming the first EU country to legalize AI surveillance  —  PARIS — France's AI-powered array of surveillance cameras for the 2024 Paris Summer Olympics cleared a final legislative hurdle on Thursday.
Bloomberg:
Shou Chew's answers to hostile questioning did little to calm the bipartisan fury aimed at TikTok, instead giving critics more fuel to insist the US ban the app  —  TikTok Chief Executive Shou Chew's appearance in Congress on Thursday did little to calm the bipartisan fury directed at the viral video-sharing service.
Washington Post:
Anna Irrera / Bloomberg:
Nasdaq expects its custody services for digital assets to launch in Q2 2023, starting with bitcoin and ether, after announcing the project in September 2022  —  Nasdaq Inc. expects its custody services for digital assets to launch by the end of the second quarter as it joins a growing pool …
Ava Benny-Morrison / Bloomberg:
US prosecutors in New York charge Terraform Labs co-founder Do Kwon with eight counts, including securities fraud, commodities fraud, wire fraud, and conspiracy  —  Terraform Labs co-founder Do Kwon, who presided over a more than $40 billion cryptocurrency implosion last year, was charged with fraud by US prosecutors in New York.
Bloomberg:
Bryan Schott / Salt Lake Tribune:
Utah Governor Spencer Cox signs two bills regulating social media, requiring all users verify their age and parents give permission before minors open accounts  —  Gov. Spencer Cox, who signed the bills on Thursday, said the state is prepared for a legal fight over the tech company regulations.
Nathan Grayson / Washington Post:
Current and former Twitch staff describe how the service lost its way: out-of-touch leaders, losing big creators, cost cutting, many irrelevant ads, and more  —  The platform's recent moves have confused and upset creators, fans and staff alike  —  For Twitch, the live-streaming platform watched …
Arjun Kharpal / CNBC:
Tether estimates it will make $700M profit in Q1 and will have ~$1.6B in excess reserves to back its USDT stablecoin, the first time it crosses the $1B mark  —  - Cryptocurrency firm Tether estimates it will make $700 million profit in the March quarter, taking its total excess reserves to over $1 billion …
Reuters:
Xiaomi reports Q4 revenue down 22.8% YoY to ~$9.6B and net income down 67.3% to ~$651M; 2022 revenue fell 14.7% to ~$40.7B and net income fell 61.4% to ~$1.2B  —  Chinese smartphone maker Xiaomi Corp (1810.HK) on Friday posted a 22.8% drop in fourth-quarter revenue to 66.05 billion yuan ($9.6 billion).
More: Reuters
Alexandra Bruell / Wall Street Journal:

Sponsor Posts

Meta:
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.
Zoho:
The crossroads of AI and SaaS  —  Enabling businesses of all sizes to build products in-house and disqualifying SaaS tools that are not AI-powered.  In a span of just two years, AI has made a name for itself as the key driver for innovation.
Genesys:
Executive Insights: The Era of Contact Center AI Copilots  —  How AI copilots are transforming customer experience and agent performance.
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.
Techmeme Ride Home:
Fri. 12/20 - Gemini Flash Thinking
The day's tech news, every day at 5pm ET. Fifteen minutes and you're up to date.
Subscribe via Apple Podcasts, Spotify, or RSS.
 

About This Page

This is a Techmeme archive page. It shows how the site appeared at 2:25 PM ET, March 24, 2023.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

More News

Earlier Picks

Rohan Goswami / CNBC:
Steve Yegge / Sourcegraph Blog:
Reuters: