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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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From Mediagazer

Joshua Benton / Nieman Lab:
Around 75% of the largest US newspapers aren't endorsing anyone for president this year, as publishers try not to annoy any sliver of their remaining customers

Alyson Krueger / New York Times:
A profile of Town & Country EIC Stellene Volandes, who is trying to keep the Hearst-owned 178-year-old magazine relevant via social media and its website

Ellen Clegg / What Works:
After The Minnesota Star Tribune decided last summer not to endorse anyone for president, 15 former opinion staffers posted their own endorsement online

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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