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July 12, 2023, 11:20 AM
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Top News

Reuters:
The UK CMA says it will not accept new remedies from Microsoft over Activision but would consider a restructured deal, which may require a fresh investigation  —  Britain's competition regulator said on Wednesday that a new restructured Microsoft-Activision deal could require a fresh merger investigation.
Cecilia Kang / New York Times:
Critics say FTC Chair Lina Khan's take-it-to-the-courts strategy is flawed, ahead of a House Judiciary Committee hearing to “examine mismanagement of the FTC”  —  Lina Khan has said a fear of defeat should not deter the agency from suing big tech companies.
Mike Scarcella / Reuters:
Experts: the FTC faces hurdles to appeal the Activision ruling as the facts work in Microsoft's favor; some question the judge's standard on harming competition  —  The U.S. Federal Trade Commission would face hurdles in any appeal of a court's order on Tuesday that said Microsoft (MSFT.O) …
New York Times:
Microsoft says Chinese hackers gained access to US government email accounts and had access to some accounts for a month before the breach was detected  —  The hack, by a Chinese group that the company said was intent on conducting espionage, went undetected for a month.  —  Reporting from Washington
Colin Lecher / The Markup:
A Democratic report finds popular tax filing tools inappropriately and “recklessly” transmitted data to Meta and Google for years; tax data is tightly regulated  —  The investigation was opened in response to work published last year by The Markup
Ben Thompson / Stratechery:
Twitter's best defense against Threads may be to refocus on news and reactions from people you follow, leaving growth via algorithmic feeds to Threads  —  If you're only going to tweet once every 11 years, then you better make it count; the best way to do just that is to pull off a well-executed meme:
Mike Isaac / New York Times:
Threads can avoid Google+'s failure by not simply relying on the scale of Meta's existing products, but by giving users a compelling reason to keep coming back  —  Mark Zuckerberg has used Meta's might to push Threads to a fast start — but that may only work up to a point.
Andrew Deck / Rest of World:
A look at the global freelancer labor force on sites like 99designs, some of whom are early generative AI adopters and are most at risk of being replaced by AI  —  The global labor force of outsourced and contract workers are early adopters of generative AI — and the most at risk.  —  R
Frederic Lardinois / TechCrunch:
Linux distribution company SUSE plans to create a hard fork of Red Hat Enterprise Linux, investing $10M into the project over the coming years  —  A storm is brewing in open-source land that could change the Linux distro landscape  —  Today, SUSE announced that it is creating a hard fork …
Catherine Thorbecke / CNN:
A California law firm launches a class-action suit against Google, alleging user data scraping without consent for AI training, after a similar OpenAI suit  —  Google was hit with a wide-ranging lawsuit on Tuesday alleging the tech giant scraped data from millions of users without their consent …
Jack Schickler / CoinDesk:
The European Securities and Markets Authority issues detailed proposals on crypto companies under the EU's MiCA law; more are expected in October and early 2024  —  Consultations cover authorization and conflict-of-interest rules for crypto companies under the landmark digital assets regulation
David Kirton / Reuters:
Research: Huawei is plotting a return to the US 5G smartphone market by the end of 2023 using its own chip design tools and SMIC's chipmaking process  —  - US-sanctioned giant likely to produce 5G chips domestically  — Chips expected to use Huawei EDA tools and SMIC production
Chainalysis:
A mid-2023 crypto crime update: inflows to illicit entities drop 65% YoY, scammers net ~$3.3B less than H1 2022, and ransomware took $175.8M more than H1 2022  —  2023 so far has been a year of recovery for cryptocurrency after a chaotic 2022, with prices of digital assets like Bitcoin up over 80% on the year as of June 30.
Kevin Roose / New York Times:
Interviews with executives and staff at Anthropic reveal how an obsession with AI safety and ties to effective altruism influence the startup's decisions  —  Anthropic, a safety-focused A.I. start-up, is trying to compete with ChatGPT while preventing an A.I. apocalypse.  It's been a little stressful.
Mark Hachman / PCWorld:
Intel plans to stop making its Next Unit of Compute (NUC) products, primarily known for small form factor PCs, ceding the market to its ecosystem partners  —  Intel's belt-tightening continues as it hands off small-form-factor PC development to Lian Li, Cooler Master, and others.
Foo Yun Chee / Reuters:
The EU approves Broadcom's $61B VMware deal, provided Broadcom adheres to its access and interoperability commitments; UK and US approval is still pending  —  U.S. chipmaker Broadcom (AVGO.O) secured EU antitrust approval on Wednesday for its $61 billion proposed acquisition of cloud computing firm VMware …
Matt Day / Bloomberg:
Adobe: US customers spent $6.4B on Amazon during Prime Day's first 24 hours, up 6% YoY but below estimates; Numerator: average orders were up 7% YoY to $56.64  —  US consumers spent $6.4 billion online in the first 24 hours of Amazon.com Inc.'s Prime Day, according to Adobe Inc. That's up 6% …
More: Reuters
Ercan Ersoy / Bloomberg:
Banking and insurance startup Papara became Turkey's first fintech unicorn after its Beka Finance deal; startups.watch: Turkish startups raised $111M in H1 2023  —  Turkey's Papara became the country's first fintech firm to reach unicorn status following a recent deal with Spain's Beka Finance SV SA.

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This is a Techmeme archive page. It shows how the site appeared at 11:20 AM ET, July 12, 2023.

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From Mediagazer

Joe Flint / Wall Street Journal:
Sources: WBD and the NBA settle a lawsuit, giving WBD access to NBA content and rights in parts of N. Europe and LatAm; TNT will license Inside the NBA to ESPN

Colin Kellaher / Wall Street Journal:
Florida billionaire David Hoffmann, who holds an 8.7% stake in Lee Enterprises and 5% in DallasNews, says he aims to make the second-largest US newspaper group

Anna Merlan / Mother Jones:
Attorneys for X entered an appearance during the November 14 court hearing about Infowars' auction and asked to be included on future case communications

More News

Alex Gabriel Simon / Bloomberg:
Indian IT giant Wipro plans to spend $1B over the next three years to train its 250K employees in AI and integrate the technology into its product offerings

Earlier Picks

Sheila Chiang / CNBC:
Temasek does not plan to invest in crypto companies due to regulatory uncertainty; the company wrote down its $275M FTX investment to zero in November 2022
Brody Ford / Bloomberg:
Salesforce plans its first price hike in seven years, up 9% on average for Sales Cloud, Service Cloud, Marketing Cloud, Industries, and Tableau, in August 2023
Mark Maurer / Wall Street Journal:
Accounting firm KPMG plans to invest $2B in AI and cloud services across its business lines globally over five years via an expanded Microsoft partnership
Andy Greenberg / Wired:
A US court sentences Roger Thomas Clark, Silk Road's second-in-command behind Ross Ulbricht, to 20 years, after his extradition from Thailand in June 2018
Aisha Malik / TechCrunch:
Meta now lets users don avatars on Instagram and Messenger video calls and adds ways to share animated avatar stickers on Instagram, Messenger, and Facebook
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