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October 12, 2023, 6:55 PM
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Top News

Javier Espinoza / Financial Times:
The EU opens an investigation into X over hosting disinformation tied to Hamas' Israel attack and sends X a formal request for information under the DSA  —  Investigation is the first under the bloc's Digital Services Act and comes after letter to Musk raising concerns
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 …
Sarah Perez / TechCrunch:
Google updates its Search Generative Experience with the ability to generate images using prompts and to write drafts that can be customized for tone and length  —  Google's AI-powered search feature, SGE (Search Generative Experience), is gaining some new skills, starting today.
Ben Schoon / 9to5Google:
Threads rolls out voice posts and a free edit button that lets users edit a post repeatedly within five minutes of sending; 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”
Sarah Wynn / The Block:
The CFTC charges Voyager Digital co-founder Stephen Ehrlich with fraud, saying he and Voyager lied to clients and hid the crypto lender's true financial health  —  - Stephen Ehrlich and the firm the co-founded, Voyager Digital, lied to customers and hid the crypto lender's true financial health, according to the CFTC.
Lucas Shaw / Bloomberg:
Netflix plans to open Netflix House, permanent stores where fans can buy clothes, eat themed food, and try live experiences, starting with two US venues in 2025  —  - Its first permanent retail sites will be named ‘Netflix House’  — Initial locations in US will be followed by global expansion
New York Times:
SBF's trial: the personal dynamics between him and his friends have become a vital component of the case, revealing 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:
Alameda CEO Caroline Ellison's well-prepared testimony painted SBF as the ultimate FTX and Alameda decision-maker and a corrupting influence on his subordinates
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
Akash Sriram / Reuters:
Atlassian plans to acquire video messaging platform Loom for ~$975M, split as ~$880M in cash and the rest in stock, set to close in Q1 2024; Loom has 25M+ users  —  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 FTX hackers who stole $415M to $432M in crypto in November 2022 used Russia-linked money launderers in October 2023 after moving the funds in 2022  —  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 revenue at a $1.3B/year pace, implying the company now generates $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.
Noema:
Today's most advanced LLMs have many flaws, but decades from now, they will be recognized as the first true examples of artificial general intelligence  —  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.
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.
Alex Konrad / Forbes:
Over 220 VC firms, including Bain, Bessemer, and GGV, sign a statement supporting 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.

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This is a Techmeme archive page. It shows how the site appeared at 6:55 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

Yoolim Lee / Bloomberg:
Singapore's biggest tech hopes, Grab, Sea, and Razer, have stumbled, which may show why VCs were premature in calling Singapore the “Silicon Valley of Asia”

Earlier Picks

BBC:
Investigation: instant loan app scams entrap people in India and 13 other countries into a spiral of debt, driving many to suicide after shame and blackmail
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
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
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
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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