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July 11, 2024, 1:00 PM
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memeorandum
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| Bloomberg: |
Apple settles with the EU over Apple Pay and avoids potential fines by agreeing to open NFC access on iOS to third-party wallet developers for free for a decade — - EU accepts Apple pledge to open up payment tech to rivals — Firm still faces mounting EU antitrust scrutiny in other areas
More: European Commission, European Commission, Finextra, Engadget, Reuters, Barron's Online, Computerworld, Ars Technica, Fortune, FinTech Global, Silicon Valley Business …, Thurrott, Silicon Republic, Euronews, CNBC, The Register, Politico, Reuters, Deutsche Welle, Wired, Silicon UK, International Business Times, Android Headlines, PocketGamer.biz, Cult of Mac, Financial Times, New York Times, Quartz, TechCrunch, Neowin, FStech, Wall Street Journal, 9to5Mac, Invezz, AppleInsider, PYMNTS.com, BGR, MacRumors, iMore, MacDailyNews, The Verge, NewsBytes, and Sherwood News
| Leo Schwartz / Fortune: |
The US SEC drops its investigation into Paxos over its BUSD stablecoin issued in partnership with Binance, after sending Paxos a Wells notice in February 2023 — As the crypto industry continues its calls for regulatory clarity, a glaring question has been whether stablecoins …
More: Paxos, Decrypt, The Information, The Block, Protos, Coinpedia Fintech News, Crypto Briefing, Bitcoin Insider, CoinGape, The Crypto Times, Milk Road, Cryptopolitan, CryptoSlate, Watcher Guru, crypto.news, Cryptonews, and Cointelegraph
X: @paxos, @mdudas, @holiday_nate, @advisercounsel, @alpha_pls, @jeffjohnroberts, @riddle245, @awerner, @jerallaire, @asvanevik, @leomschwartz, @scaramucci, and @leomschwartz. LinkedIn: Ben Gray
| Vlad Savov / Bloomberg: |
IDC estimates that Apple will sell under 500K Vision Pro units in 2024, and the headset's international launch will offset a 75% QoQ drop in US sales in Q3 2024 — - The pricey headset's US sales are expected to plummet — A more affordable model in a year's time should help momentum
More: Gizmodo, MacRumors, PCMag, HotHardware, AppleInsider, Spyglass, Neowin, BGR, 9to5Mac, MacDailyNews, Notebookcheck, and Mobile World Live
| Sarah Perez / TechCrunch: |
An international study of 642 websites and mobile apps offering subscription services finds ~76% with at least one possible dark pattern and ~67% with multiple — The U.S. Federal Trade Commission, along with two other international consumer protection networks, announced on Thursday …
More: Federal Trade Commission, icpen.org, The Stack, The Verge, Home (public), GIGAZINE, TechSpot, Engadget, The Record, and ICPEN
X: @ftc and @mathewjschwartz
| Jess Weatherbed / The Verge: |
A Google DeepMind research paper details how Gemini 1.5 Pro's 1M-token context window lets Google's robots navigate and complete tasks using simple instructions — Google is training its robots with Gemini AI so they can get better at navigation and completing tasks.
More: arXiv
| Mark Bergen / Bloomberg: |
Helsing, which makes AI tools for defense, raised a €450M Series C led by General Catalyst, a source says at a €4.95B valuation, taking its funding to €769M — - Company formed in 2021 has now raised nearly €770 million — Helsing will open entity in Estonia as part of Baltic push
More: TechCrunch, Axios, Helsing, Sifted, Maginative, The Decoder, TNW, Perspectives, and Lightspeed Venture Partners
| Thomas Ricker / The Verge: |
SpaceX makes its $599 Starlink Mini portable dish available to everyone in the US; the Mini works with the $150/month Regional and $50/month Mini Roam services — SpaceX's Starlink Mini dish — which Elon Musk says “will change the world” — is now available to anyone in the US.| Marina Temkin / TechCrunch: |
Regard, which saves physicians time by analyzing patients' health data using AI, raised a $61M Series B led by Oak HC/FT, a source says at a $350M valuation — People in tech often say that data is the new oil. That phrase, coined by British mathematician Clive Humby, of course implies that data is valuable.| Bloomberg: |
Tencent-backed Shift Up closed up ~18% after raising $320M in its Seoul IPO, the largest South Korean IPO by a gaming company since Krafton raised $3.8B in 2021 — - Tencent-backed firm sold shares at the top of an offered range — It's the largest Korean IPO by a gaming firm since Krafton
More: GamesIndustry.biz, Reuters, PlayStation LifeStyle, CNBC, and Video Games Chronicle
Forums: r/Games, r/gachagaming, and r/PS5
| Eduardo Baptista / Reuters: |
A SAS survey of 1,600 decision makers in key global markets: 83% of Chinese respondents said they've adopted generative AI vs. 65% in the US and 54% globally — China is leading the world in adopting generative AI, a new survey shows, the latest sign the country is making strides in the technology …
More: SAS, Beyond Search, Cybernews.com, Semafor, SAS, ZDNet, GovTech, Cointelegraph, Fortune, Analytics India Magazine, Quartz, Cryptopolitan, Tech.co, and SAS
| Lauren Smiley / Wired: |
A profile of Priscila Barbosa, who defrauded Uber and other apps by building a ~$10K-per-month business renting fake accounts to undocumented workers in the US — She came to the US with a dream. Using platforms like Uber, Instacart, and DoorDash, she built a business empire up from nothing.
Mastodon: @waxy@xoxo.zone and @giannetti@ursal.zone
X: @bhumrobhumro, @laurensmiley, @mrshelmutscholz, @duke_zappa, @vnlasteamer, @ccb_bbctech, @wired, and @crawf34
Forums: r/longform, r/uberdrivers, and r/TrueReddit
| Brady Dale / Axios: |
US prosecutors say crypto exchange BitMEX pled guilty to one count of violating the Bank Secrecy Act by not having an adequate AML program from 2015 to 2020 — - U.S. agencies are paying attention now, and they are aggressively reviewing those early practices, as we've seen again and again recently.
More: US Department of Justice, CryptoPotato, BitMEX Blog, crypto.news, Crowdfund Insider, Milk Road, Cointelegraph, Blockonomi, CCN.com, The Cyber Express, Watcher Guru, The Crypto Times, Cryptonews, Bitcoin Insider, Decrypt, CoinDesk, GovInfoSecurity.com, Cointelegraph, The Block, and CoinGape
X: @bitmex, @parrotcapital, @spreekaway, @cryptomtndrew, @sdnynews, and @mdudas
| Paayal Zaveri / Bloomberg: |
Fireworks AI, which helps companies fine-tune and customize AI models, raised $52M led by Sequoia at a $552M valuation, taking its total funding to $77M — - Startup's platform lets companies access multiple AI models — Investors put $52 into the company, led by Meta alum Lin Qiao
More: SiliconANGLE, Fireworks, and FinSMEs
| Wes Davis / The Verge: |
YouTube announces new Shorts features, including TikTok-like text-to-speech video narration, in-app auto-generated captions, and a set of Minecraft effects — YouTube has announced a set of new features for YouTube Shorts, some of which are available now, like a new text-to-speech video narration … | Lauren Feiner / The Verge: |
How the SCOTUS NetChoice ruling on social media platforms' First Amendment rights could affect a host of tech legislation, including kids' online safety laws — Here's what the SCOTUS decision might mean for everything from kids online safety laws to the TikTok ‘ban.’| Mackenzie Hawkins / Bloomberg: |
Two Republican US House Committee chairs call for an intelligence assessment of Microsoft's deal with Abu Dhabi's G42, including a focus on G42's China ties — - GOP officials concerned China could access sensitive US tech — Lawmakers have had ‘productive’ conversations with Microsoft
More: Reuters, Rest of World, and Dark Reading
| Rachel Metz / Bloomberg: |
A look at the rise in use of the sparkles emoji to market AI products as magic, as some say the imagery distracts from real-world issues the AI industry faces — Have you noticed artificial intelligence is looking a lot more sparkly lately? But first... Do you believe in magic?
More: CNET. X: @minney_cat, @fdaudens, @kristyt, @c_pritchard, @katherineamunro, @thdxr, @bzamayo, @kristyt, and @rachelmetz
| Janko Roettgers / Lowpass: |
A US court grants Redbox owner Chicken Soup for the Soul Entertainment Chapter 7 bankruptcy, paving the way for shutting down Redbox and liquidating its assets — Court hearing included allegations of fraud — Redbox is shutting down, corporate parent is being liquidated
More: Engadget, Variety, Wall Street Journal, Deadline, Cord Cutters News, Bloomberg, The A.V. Club, and The Verge
Mastodon: @jank0@sfba.social and @jank0@sfba.social
| Eleanor Olcott / Financial Times: |
Sources: Xiaohongshu, China's fastest-growing social media platform, sold existing shares in recent weeks at a $17B valuation; DST Global took part in the round — Yuri Milner's DST Global takes stake at $17bn valuation in rare investment from overseas after China's tech crackdown
X: @davidyin44
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