Techmeme
August 2, 2023, 2:25 AM

Top News

Chavi Mehta / Reuters:
Meta begins the process to end news access on Facebook and Instagram in Canada, in response to a law forcing some companies to negotiate deals to pay publishers  —  Meta Platforms (META.O) said on Tuesday it has begun the process to end access to news on Facebook and Instagram for all users in Canada.
Carly Page / TechCrunch:
Halcyon: Cloudzy, a Wyoming-registered web hosting company likely operating out of Tehran, is acting as a command-and-control provider for state-backed hackers  —  A little-known cloud company provided web hosting and internet services to more than two dozen different state-sponsored hacking groups …
Bryan Pietsch / Washington Post:
X sues the Center for Countering Digital Hate, alleging CCDH researchers violated Twitter's terms of service and the CFAA while studying hate speech on the site  —  X, the company formerly known as Twitter, sued a research group that had investigated hate speech on the social media platform …
Kif Leswing / CNBC:
AMD reports Q2 revenue down 18% YoY to $5.36B, net income down 94% YoY to $27M, Client revenue down 54% YoY to $998M, and Data Center revenue down 11% to $1.3B  —  - AMD said revenue for the second quarter fell 18% from a year earlier, but results still topped analysts' estimates
Chethan Rao / Android Police:
YouTube asks a small number of viewers to share their feedback on a test that generates AI-based “quick overview” summaries on some English-language videos  —  YouTube's new experiment is currently limited to English content  —  YouTube constantly adds new features to its mobile …
Aidan Ryan / The Information:
Sources: Changpeng Zhao tried to liquidate Binance.US earlier this year, before pivoting to attempting to sell the company, holding talks with Gemini and others  —  Binance founder and CEO Changpeng Zhao attempted to shut down the crypto exchange's U.S. offshoot earlier this year …
Sarah Perez / TechCrunch:
In a challenge to TikTok, YouTube releases new Shorts creation tools for remixing, adding effects, going live, as well as an interactive Q&A sticker, and more  —  As competition with TikTok and Instagram Reels heats up, YouTube today announced an expanded suite of creation tools …
Annie Palmer / CNBC:
Amazon expands its Amazon Clinic virtual health service to 50 US states and DC, available via video or texting; regulations limit the SMS feature to 34 states  —  - Amazon is expanding its virtual clinic service nationwide.  — The company launched Amazon Clinic last November …
Helene Braun / CoinDesk:
GameStop plans to remove its iOS and Chrome crypto wallet extensions on November 1 due to “regulatory uncertainty”, about one year after rolling out the service  —  The company will remove its iOS and Chrome wallet extensions on Nov. 1.  —  Leading video game retailer GameStop …
Clive Cookson / Financial Times:
Glasgow university spinout Chemify, which is using a computing process to design new molecules with AI and make them in an automated lab, raised $43M  —  Chemify's technology aims to remove bottleneck of producing molecules in the lab  —  A spinout from Glasgow university has raised $43mn to …
Reuters:
Match Group reports Q2 revenue up 4% YoY to $830M, vs. $811M est., payers down 5% YoY to 15.6M, and forecasts Q3 revenue above estimates; MTCH jumps 11%+  —  Match Group (MTCH.O) forecast revenue for the third quarter above Wall Street estimates on Tuesday, as the Tinder parent expects stronger marketing …
Steven Levy / Wired:
Q&A with Uber CEO Dara Khosrowshahi on potential Uber for Teens issues, higher prices, profitability, Lyft, DoorDash, driving for Uber, generative AI, and more  —  Dara Khosrowshahi swooped in to tame a beastly work culture and try to make the on-demand giant profitable.
Preetika Rana / Wall Street Journal:

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