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June 30, 2024, 1:40 AM
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Top News

Janko Roettgers / The Verge:
Redbox's owner, Chicken Soup for the Soul Entertainment, files for bankruptcy protection; Chicken Soup took on $325M in debt when it acquired Redbox in 2022  —  Redbox's owner, Chicken Soup for the Soul Entertainment, filed for bankruptcy protection overnight.
Paul Kiernan / Wall Street Journal:
The US finalizes rules requiring custodial crypto platforms to report user transaction info to the IRS; DeFi platforms are exempt amid fierce crypto lobbying  —  Treasury finalizes rules to deter crypto tax evasion—but softens them after industry lobbying push
Foo Yun Chee / Reuters:
EU tech regulators asked Temu and Shein to provide details on how they comply with the Digital Services Act by July 12, following complaints by consumer bodies  —  Chinese fast-fashion e-commerce retailer Temu and China-founded peer Shein were ordered by EU tech regulators to provide details …
Wired:
Filings and DOJ officials describe how a gang threatened, assaulted, and tortured 11 victims in likely the worst crypto-focused serial extortion case in the US  —  More than a dozen men threatened, assaulted, tortured, or kidnapped 11 victims in likely the worst-ever crypto-focused serial extortion case of its kind in the US.
Nikhilesh De / CoinDesk:
A US judge rules that SEC charges against Binance, Binance.US, and CZ for violating federal securities laws can proceed, but dismisses secondary sales charges  —  A federal judge ruled the SEC had plausibly alleged Binance, Binance.US and Changpeng Zhao violated federal securities laws.
Financial Times:
European fintech execs say financial services are shunning AI over job loss and regulatory fears, despite evidence that AI will boost productivity and cut costs  —  Industry leaders say concerns over impact of technology are outweighing benefits such as productivity gains and cost cuts
Dallin Grimm / Tom's Hardware:
Hugging Face unveils Open LLM Leaderboard v2 that tests models across six benchmarks; Chinese models dominate the top 10 with Alibaba's Qwen taking the top spot  —  Optimizing LLMs to be good at specific tests backfires on Meta, Stability.  —  Hugging Face has released its second LLM leaderboard …
Yoolim Lee / Bloomberg:
SK Hynix plans to invest ~$75B on chips through 2028, allocating ~80%, or $60B, on manufacturing HBM chips, as part of the parent company SK Group's bet on AI  —  - About 80%, or $60 billion, will be spent on HBM memory chips  — Plan underscores overhaul at S. Korea's No. 2 business group
More: Reuters
Evgeny Morozov / Financial Times:
How Avery Johnson and Warren Brodey, early members of the American Society for Cybernetics, created a lab in 1967 with a utopian vision to personalize computing  —  In the late 1960s, a secret US lab was dedicated to mapping the edges of computing  —  At around 3pm on October 24 1968 …

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This is a Techmeme archive page. It shows how the site appeared at 1:40 AM ET, June 30, 2024.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

From Mediagazer

New York Times:
Court docs detail a smear campaign against actor Blake Lively via media articles and social media posts after she accused director Justin Baldoni of misconduct

Max Tani / @maxwelltani:
Memo: WaPo's Matt Murray lays out plans for WP Ventures, the “third newsroom”; Krissah Thompson will be editor and Samantha Henig will be general manager

Jessica Toonkel / Wall Street Journal:
A deep dive into Paramount's sale to Skydance; sources: Skydance may integrate Pluto into Paramount+, and CBS head George Cheeks is expected to be head of TV

More News

Tom Warren / The Verge:
Microsoft Surface Laptop 7th Edition review: great native app performance but emulated apps can be more battery intensive, and AI features feel gimmicky
Chandra Asmara / Bloomberg:
Indonesia's government declines to pay the $8M demanded by LockBit 3.0 for the ransomware attack that affected hundreds of ministries and public institutions

Earlier Picks

Jake Bleiberg / Bloomberg:
Source: Microsoft told over a dozen Texas agencies and public universities that their emails were exposed in the Russian hack of Microsoft, disclosed in January
The Verge:
A look at the possible impact of SCOTUS overturning Chevron deference and curbing federal agencies' power on net neutrality, Big Tech regulation, and more
Sean Endicott / Windows Central:
Microsoft AI CEO Mustafa Suleyman says content on the open web is “freeware” that anyone can copy or use to reproduce, due to the fair use “social contract”
Tim Hardwick / MacRumors:
Apple launches the Vision Pro in mainland China, Hong Kong, Japan, and Singapore, the first time the device has been officially available outside of the US
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