Techmeme
August 16, 2023, 1:20 PM

Top News

Nico Grant / New York Times:
Documents: Google DeepMind has been working with generative AI to perform at least 21 different types of personal and professional tasks, including life advice  —  The tech giant is evaluating tools that would use artificial intelligence to perform tasks that some of its researchers have said should be avoided.
Sankalp Phartiyal / Bloomberg:
Sources: Foxconn's Tamil Nadu plant in India plans to deliver new iPhone 15s only weeks after Chinese factories; previously, output lagged China by 6-9 months  —  - Apple is diversifying iPhone supply chain away from China  — India's push to become a manufacturing hub is bearing fruit
Financial Times:
Timmy Shen / The Block:
Coinbase says the exchange received regulatory approval from the CFTC-backed National Futures Association to offer futures trading services to eligible US users  —  - Coinbase is now allowed to operate as a futures commission merchant and offer eligible U.S. customers access to crypto futures from its platforms, the company said.
Bloomberg:
Intel ends its $5.4B deal to buy Israeli company Tower Semiconductor after failing to win Chinese regulatory approval; Intel announced the deal in February 2022  —  - Deal for Tower Semiconductor needed Chinese antitrust approval  —  Intel Corp. walked away from its attempt …
Kif Leswing / CNBC:
Apple backtracks and moves the “end call” button back to the middle of the screen, from the bottom-right corner, in the latest iOS 17 beta  —  - Apple has moved the end call button back to the middle of the screen in the the newest developer version of iOS 17 released on Tuesday.
Hannah Miller / Bloomberg:
Crypto custody startup BitGo raised $100M at a $1.75B valuation from unnamed US and Asian investors; Galaxy Digital scrapped a $1.2B BitGo acquisition in 2022  —  The crypto company raised $100 million from new investors, emphasizing its focus on following rules and regulations.
Caitlin Harrington / Wired:
OSHA investigations and 11 interviews: Amazon's first aid clinics put warehouse staff at risk by keeping them working instead of referring them to medical care  —  A WIRED investigation and federal citations show how first aid clinics in Amazon warehouses sometimes direct injured employees …
Alexandra Alter / New York Times:
Jay Peters / The Verge:
Some users of X Pro, formerly TweetDeck, see an X Blue paywall when trying to use the tool; on July 3, X said that X Pro would be subscriber-only “in 30 days”  —  X, the social network formally known as Twitter, appears to be finally following through on its promise to make TweetDeck a paid service.
Elizabeth Howcroft / Reuters:
PayPal plans to “temporarily pause” letting UK users buy crypto from October 1, to work on complying with new regulations, and restart support in “early 2024”  —  Payments giant PayPal (PYPL.O) will stop allowing UK customers to buy cryptocurrencies through its platform …
Arjun Kharpal / CNBC:
Tencent reports Q2 revenue up 11% YoY to ~$20.6B, below ~$20.8B est., and operating profit up 37% YoY to ~$6.9B, driven by benefits from cost cutting in 2022  —  - Tencent on Wednesday reported a surge in profit for the second quarter, but missed expectations.

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