Techmeme
October 19, 2023, 1:00 PM

Top News

Leo Schwartz / Fortune:
New York AG Letitia James sues the Winklevoss' Gemini, Genesis, and its parent Digital Currency Group, alleging the companies defrauded 230K investors of $1B+  —  New York Attorney General Letitia James is suing the Winklevoss twin-led exchange Gemini along with the crypto lending firm Genesis …
RT Watson / The Block:
Chainalysis says recent media reports about the supposed use of crypto by terrorist organizations might be overstating metrics and using “flawed analyses”  —  - Chainalysis said some recent reports about the supposed use of crypto by terrorist organizations might be overstating metrics and using “flawed analyses.”
Financial Times:
Mustafa Suleyman, Eric Schmidt, and others propose an IPCC-like International Panel on AI Safety, an objective advisory body to help shape protocols and norms  —  An International Panel on AI Safety could offer an objective body to help shape protocols and norms
Financial Times:
John Thornhill / Financial Times:
Emma Roth / The Verge:
WhatsApp plans to let users switch between two accounts on Android in the coming weeks; a second account will still need a separate phone number and SIM card  —  If you use two different WhatsApp accounts, you'll soon be able to access both from just one device.
WABetaInfo:
Bloomberg:
TSMC reports Q3 revenue down 14.6% YoY to ~$17.28B, net income down 24.9% YoY to ~$6.5B, and expects to spend $32B on growing and upgrading capacity in 2023  —  - Sales and capex projections both came in ahead of estimates  — World's most advanced chipmaker is struggling with a downturn
Dan Goodin / Ars Technica:
A researcher details a malicious and convincing Google ad linking to a fake site for password manager Keepass; Google shows a verified advertiser paid for them  —  Google-verified advertiser + legit-looking URL + valid TLS cert = convincing look-alike.  —  Google has been caught hosting …
Arjun Kharpal / CNBC:
Nokia plans to cut up to 14,000 jobs, or ~16% of its 86,000 workforce, and reports Q3 2023 net sales down 20% YoY to €4.98B and profit down 69% YoY to €133M  —  - Nokia said it would cut up to 14,000 jobs as part of a cost cutting plan following third quarter earnings that plunged.
Wayne Ma / The Information:
Sources: Apple fired at least five employees who worked in the company's App Store in China following an internal investigation into business misconduct  —  Apple fired at least five employees who worked in the company's App Store in China following an internal probe into business misconduct …
Gavin Bonshor / AnandTech:
AMD announces new Ryzen Threadripper 7000 CPUs for desktops and workstations, offering up to 96 cores on the 7000 Pro series, shipping November 21 for $550+  —  Having just recently crossed the one-year anniversary of AMD's first Zen 4 architecture CPUs - the Ryzen 7000 series …
Shaurya Malwa / CoinDesk:
US v. SBF: accounting professor Peter Easton testifies that FTX used “over a billion dollars” of customer funds to buy back Binance's FTX stake, bought in 2019  —  Binance CEO Changpeng Zhao said in a 2022 post the company had received over $2.1 billion in binance usd (BUSD) stablecoins and FTX's FTT tokens.
Luc Cohen / Reuters:
Jim Salter / Associated Press:
The FBI and DOJ say thousands of IT workers sent by North Korea to work remotely with US companies with false IDs have sent millions in wages to the country  —  Thousands of information technology workers contracting with U.S. companies have for years secretly sent millions of dollars …
Allison Johnson / The Verge:
OnePlus Open review: thin and light for a foldable and good multitasking support, but no water resistance or wireless charging, and very costly at $1,700  —  The OnePlus Open finds a happy medium between the Pixel Fold and Galaxy Z Fold 5 size-wise, but it's too close in price to the incumbent foldables.
Steve Lohr / New York Times:
US v. Google: Pandu Nayak, Google's first witness and a VP of Search, testifies that smart employees explain the company's success and innovations, such as LLMs  —  While the Justice Department says Google has squeezed partners and made expensive deals to maintain its search dominance, the company has a more genteel story to tell.
Kris Holt / Engadget:
Amazon plans to expand its Prime Air drone delivery system to the UK, Italy, and a third US city in late 2024 and integrate Prime Air into its delivery network  —  The company will also bring the Prime Air program to a third US city by the end of 2024.  —  Amazon has some big plans …
Pew Research Center:
A May 2023 survey of 5,101 US adults: 78% of Democrats and 68% of Republicans support more government regulation over what companies can do with people's data  —  The role of technology companies, AI and regulation - plus personal experiences with data breaches, passwords, cybersecurity and privacy policies
Sarah Whitten / CNBC:
Netflix reports Q3 revenue up 7.8% YoY to $8.54B, vs. $8.54B est., and global paid memberships up 10.8% YoY to 247.15M, vs. 243.88M est.; NFLX jumps 18%+  —  - Netflix reported a boost in subscriber growth driven by a password-sharing crackdown efforts and interest in its new ad-supported tier.
Jessica Toonkel / Wall Street Journal:

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Elahe Izadi / Washington Post:

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