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July 12, 2023, 3:00 PM
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Colin Lecher / The Markup:
A congressional investigation led by Senator Elizabeth Warren finds popular tax filing tools “recklessly” sent data, like income, to Meta and Google for years  —  The investigation was opened in response to work published last year by The Markup
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
New York Times:
Microsoft says Chinese hackers gained access to US government email accounts and had access to at least 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
Tom Giles / Bloomberg:
Elon Musk forms xAI, a startup he will lead to “understand the true nature of the universe”; the staff has worked at Google, Microsoft, Tesla, OpenAI, and more  —  Elon Musk, who has hinted for months that he wants to build an alternative to the popular ChatGPT artificial intelligence chatbot …
Richard MacManus / The New Stack:
A look at Meta's plan to adopt ActivityPub for Threads, how ActivityPub suits Meta's goals, and the technical challenges and social pressure facing the company  —  From a developer point of view, the fact that Meta's Threads app has quickly gone over 100 million sign-ups isn't the most interesting part of this latest Twitter clone.
Ben Thompson / Stratechery:
Twitter's best defense against Threads may be to refocus on news and reactions from people users follow, leaving user growth via an algorithmic feed 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 only leveraging the scale of Meta's existing apps, but by giving users a compelling enough reason to keep coming back
Jay Peters / The Verge:
Meta says Roblox will be coming to Meta's Quest VR headsets starting with an open beta on App Lab “in the coming weeks”  —  / It's launching in open beta in the ‘coming weeks.’  —  Roblox will be coming to Meta's Quest VR headsets starting with an open beta that will be available in the …
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
Chainalysis:
Crypto crime in H1 2023 vs. H1 2022: inflows to known illicit entities fell 65% YoY, scammers took nearly $3.3B less, and ransomware attackers made $175.8M more  —  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.
Jack Schickler / CoinDesk:
The European Securities and Markets Authority issues detailed proposals on crypto companies under the EU's MiCA law; more are due in October 2023 and early 2024  —  Consultations cover authorization and conflict-of-interest rules for crypto companies under the landmark digital assets regulation
Catherine Thorbecke / CNN:
A California law firm hits Google with a proposed class-action lawsuit, alleging data scraping for AI training without user consent, after a similar OpenAI case  —  Google was hit with a wide-ranging lawsuit on Tuesday alleging the tech giant scraped data from millions of users without …
David Kirton / Reuters:
Research: Huawei is plotting a return to the 5G smartphone market by the end of 2023 using its own 14nm+ chip design tools and SMIC's 7nm chipmaking process  —  - US-sanctioned giant likely to produce 5G chips domestically  — Chips expected to use Huawei EDA tools and SMIC production
Jennifer Elias / CNBC:
Emails: Urs Holzle, Google employee no. 8, plans to step back from management after 24 years, becoming an “individual contributor”, amid a Google Cloud shakeup  —  - Employee No. 8 Urs Holzle will step back from management after 24 years, CNBC has learned.
Reuters:
Recursion, which uses AI models for drug discovery, plans to use its 23K+ TB datasets to train its models on Nvidia's cloud platform and raised $50M from Nvidia  —  Nvidia (NVDA.O) invested $50 million to speed up training of biotech firm Recursion's (RXRX.O) artificial intelligence models …
Frederic Lardinois / TechCrunch:
Linux distribution company SUSE plans to create a hard fork of Red Hat Enterprise Linux, investing $10M over the coming years in an RHEL-compatible distribution  —  A storm is brewing in open-source land that could change the Linux distro landscape  —  Today, SUSE announced that it is creating …
Noam Cohen / Bloomberg:
A look at Wikipedia in Russia, where the service remains popular after the Ukraine invasion, and the Kremlin-compliant rival Ruwiki from a long-serving editor  —  When a group of armed mercenaries seized a Russian regional capital and began marching toward Moscow in late June, verified information was hard to come by.
Heather Haddon / Wall Street Journal:
Domino's Pizza partners with Uber Eats in the US, the UK, Canada, and 25 other markets, reversing its long-held stance against working with food delivery apps  —  Pizza chain hopes to generate $1 billion in sales after losing business to apps  —  Domino's Pizza, hungry to claw back pizza sales …
Foo Yun Chee / Reuters:
The EU approves Broadcom's $61B VMware acquisition, provided Broadcom adheres to its access and interoperability commitments; UK and US approvals are pending  —  U.S. chipmaker Broadcom (AVGO.O) secured EU antitrust approval on Wednesday for its $61 billion proposed acquisition of cloud computing firm VMware …

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This is a Techmeme archive page. It shows how the site appeared at 3:00 PM ET, July 12, 2023.

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From Mediagazer

Wall Street Journal:
Sources describe Netflix's struggles handling traffic for the Tyson-Paul fight, with viewership nearly three times what the company had anticipated

Washington Post:
How NewsGuard, which attained “sustainable profitability” six years after its launch, became a prime target of the GOP's battle against disinformation watchdogs

Wall Street Journal:
A profile of incoming FCC Chair Brendan Carr, a telecom lawyer and longtime FCC official who believes tech and media companies have been unfair to conservatives

More News

Earlier Picks

Sheila Chiang / CNBC:
Temasek does not plan to invest in crypto firms due to “a lot of regulatory uncertainty”; the fund 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
Kevin Roose / New York Times:
Interviews with executives and staff at Anthropic describe how an obsession with AI safety and ties to effective altruism influence the AI startup's decisions
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