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October 12, 2023, 1:50 PM
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Top News

Reuters:
In a letter to Thierry Breton, X CEO Linda Yaccarino says X has removed hundreds of Hamas-linked accounts, labeled tens of thousands of posts, and more  —  The X social media platform has removed hundreds of Hamas-affiliated accounts and taken action to remove or label tens of thousands …
Ben Schoon / 9to5Google:
Threads rolls out voice posts and a free edit button; users can edit a post within five minutes of sending it, and Threads doesn't show an edit history  —  Meta's Twitter competitor, Threads, is now rolling out one of its most-requested features - an edit button.
Sarah Perez / TechCrunch:
Instagram head Adam Mosseri reiterates Threads' position on hard news, saying that Threads does not intend to “amplify” news because it's currently “too risky”
New York Times:
At SBF's trial, the personal dynamics between him and his friends are a vital component of the case, making clear how much his inner circle has turned on him  —  The FTX founder's criminal trial has made clear just how much his inner circle has turned against him.
Zack Abrams / The Block:
Caroline Ellison's well-prepared testimony painted Sam Bankman-Fried as the ultimate decision-maker at FTX and a corrupting influence on his subordinates  —  - Government prosecutors completed their direct examination of former Alameda Research CEO Caroline Ellison on Wednesday in the fraud trial of Sam Bankman-Fried.
Akash Sriram / Reuters:
Atlassian plans to acquire video messaging platform Loom for around $975M, made up of $880M in cash and the rest in stock, closing in Q1 2024  —  Atlassian (TEAM.O) said on Thursday it had agreed to acquire privately held video messaging platform Loom for about $975 million …
Andy Greenberg / Wired:
Elliptic: the Russia-linked unidentified FTX hackers who stole $415M to $432M in November 2022 started moving the haul in October, the first time in 2023  —  Whoever looted FTX on the day of its bankruptcy has now moved the stolen money through a long string of intermediaries—and eventually some that look Russian in origin.
Amir Efrati / The Information:
Sources: Sam Altman told staff that OpenAI is generating $1.3B in revenue per year, implying the company is now generating $100M+/month, up 30% in three months  —  ChatGPT maker OpenAI is generating revenue at a pace of $1.3 billion a year, CEO Sam Altman told staff this week, according to several people with knowledge of the matter.
Kif Leswing / CNBC:
Piper Sandler survey of 9,000+ US teens: 29.1% of their daily video consumption time is on YouTube, beating Netflix for the first time at 28.7%, and ~7% on Hulu  —  - Teenagers in the United States say they watch more video on YouTube than Netflix, according to a new survey from investment bank Piper Sandler.
Sarah Perez / TechCrunch:
Automattic expands ActivityPub support to WordPress.com hosted sites, letting blog owners reach 13.3M users across the fediverse, including Mastodon's 1.8M MAUs  —  Earlier this year, WordPress.com owner Automattic acquired a plugin that allowed WordPress blogs to be followed in the fediverse …
Noema:
Current advanced LLMs from OpenAI and others have many flaws but they will, decades from now, be recognized as the first true examples of AGI, similar to ENIAC  —  Today's most advanced AI models have many flaws, but decades from now, they will be recognized as the first true examples of artificial general intelligence.
Alex Konrad / Forbes:
Over 220 VC firms, including Bessemer and GGV, sign a statement in support of Israel and call for the investor community to support Israel's tech ecosystem  —  The open letter published on Thursday is the latest effort by startup investors to provide support for the state of Israel and its tech community, with 221 firms signed on.
Jake Piazza / CNBC:
Microsoft receives Notices of Proposed Adjustment from the IRS for an additional $28.9B tax payment; Microsoft plans to appeal, a process expected to take years  —  Microsoft CEO Satya Nadella arrives at federal court on October 2, 2023 in Washington, DC.  Nadella is testifying …
Reuters:
Sources: OpenAI plans to unveil major developer updates on November 6, like memory storage in its tools and vision capabilities to analyze and describe images  —  OpenAI plans to introduce major updates for developers next month to make it cheaper and faster to build software applications based …
Karen Hao / The Atlantic:
Sources: the US Department of Commerce is considering new export controls for general-purpose AI programs, a move that experts say could weaken US AI innovation  —  For decades, the Department of Commerce has maintained a little-known list of technologies that, on grounds of national security …

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This is a Techmeme archive page. It shows how the site appeared at 1:50 PM ET, October 12, 2023.

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From Mediagazer

Lachlan Cartwright / The Ankler:
Sources: MSNBC renewed Rachel Maddow's contract early this fall, but with a pay cut; MSNBC bosses' plan to shake up daytime and weekend programming

Caitlin Huston / The Hollywood Reporter:
Internal memo: Hearst Magazines president announces layoffs as part of a decision to “reallocate resources” to “continue our focus on digital innovation”

Jon Brodkin / Ars Technica:
FCC Chairwoman Jessica Rosenworcel announced she will leave the agency on January 20; she was the first woman to be confirmed to lead the agency

More News

BBC:
Investigation: instant loan app scams push people in India and other countries into a spiral of debt, driving many to suicide after shame and blackmail

Earlier Picks

Jacquelyn Melinek / TechCrunch:
US v. SBF: Caroline Ellison says Alameda paid $100M to $150M in crypto transfers to Chinese officials to unfreeze its OKX and Huobi trading accounts, worth ~$1B
Gabe Bullard / Nieman Reports:
Internal memo: NPR lost a negligible amount of traffic in the six months since leaving X, after the service labeled the outlet “US state-affiliated media”
Alex Konrad / Forbes:
Cleanlab, which sells data labelling tools for more accurate AI training data, raised a $25M Series A led by Menlo Ventures and TQ Ventures at a $100M valuation
Carly Page / TechCrunch:
Filing: Progress Software says the US SEC opened an investigation into the MOVEit hack that has cost the company $1M and exposed 64M+ people's personal data
Tom Ivan / Video Games Chronicle:
Sony plans to launch PS5 game cloud streaming for PlayStation Plus Premium members in Japan on October 17, Europe on October 23, and North America on October 30
Caitlin Huston / Hollywood Reporter:
The US FTC proposes a rule to require ticket sellers and others to show the total price to users upfront; Ticketmaster and SeatGeek have pledged all-in pricing
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