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August 3, 2024, 1:00 AM
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Top News

New York Times:
The US DOJ sues TikTok, saying it collected children's data without parents' permission, knowingly let users under the age of 13 create accounts, and more  —  The Justice Department said that TikTok illegally collected children's data and knowingly allowed users under the age of 13 to create accounts.
Ivan Mehta / TechCrunch:
Character.AI co-founders Noam Shazeer and Daniel De Freitas, and some employees, are joining Google; Google has signed a non-exclusive agreement to use its tech  —  In a big move, Character.AI co-founder and CEO CEO Noam Shazeer is returning to Google after leaving the company in October 2021 to found the a16z-backed startup.
The Information:
Character.AI told staff that investors will be bought out at a valuation of ~2.5x its $1B 2023 valuation, and it plans to adopt open-source models for products  —  Google has agreed to pay a licensing fee to chatbot maker Character.AI for its models and will hire its cofounders and many of its researchers, the companies said.
CNBC:
Intel shares fall 26% to close at $21.48 in their biggest drop since 1974, after the company reported a big earnings miss; Intel's market cap is now below $100B  —  Intel shares plunged the most in 50 years on Friday, reaching a price not seen since 2013, after the chipmaker reported …
Lucas Shaw / Bloomberg:
Sources: Meta is offering Hollywood celebrities like Judi Dench millions of dollars for the right to use their voices for AI projects; SAG-AFTRA agreed to terms  —  - Judi Dench, Awkwafina are among the celebrities holding talks  — Some terms sought by Meta trigger actors' fears of AI
Gaby Del Valle / The Verge:
Trump says Zuckerberg called him after the assassination attempt and told Trump he wouldn't endorse a Democrat because he “respected” Trump's reaction that day  —  Former President Donald Trump has expressed a newfound fondness for Mark Zuckerberg after years of railing against him.
Brian Schwartz / CNBC:
A look at Musk-backed America PAC's “Register to Vote” online campaign, which collects users' personal data in swing states, but does not help them register  —  If a voter in Michigan performs a search on Google, a somewhat shocking ad might pop up.
Zack Whittaker / TechCrunch:
Data breach notifications show US pharmaceutical giant Cencora has notified at least 1.43M individuals that their data was compromised in a February data breach  —  Cencora has so far notified over a million people around the U.S. that their personal and protected health information …
Patpicha Tanakasempipat / Bloomberg:
Apple apologizes and pulls an ad set in Thailand after backlash from Thai lawmakers and influencers who deemed its portrayal of the country offensive  —  - Short film taints image of Thai tourism industry, critics say  — Apple apologizes for not fully capturing contemporary vibrancy
Asa Hiken / Ad Age:
Google pulled an Olympics TV ad where a father uses Gemini to help his daughter write a personal letter to an athlete, after criticisms that the ad is tone-deaf
Andy Greenberg / Wired:
A look at RayV Lite, an open-source laser hacking tool built by two hackers for less than $500 that can reverse engineer chips and exploit their vulnerabilities  —  The RayV Lite will make it hundreds of times cheaper for anyone to carry out physics-bending feats of hardware hacking.
Olga Kharif / Bloomberg:
Crypto lender Genesis and related companies complete their bankruptcy restructuring and begin distributing ~$4B in digital assets and cash to creditors  —  - Bitcoin creditors will receive 51% recovery on in-kind basis  — Genesis distributions come soon after Mt Gox repaid billions

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 1:00 AM ET, August 3, 2024.

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From Mediagazer

Reuters:
MoffettNathanson: a US recession may result in $45B in lost ad spend in 2025 and ad budgets shifting from traditional TV to alternatives like streaming services

Julian Sancton / The Hollywood Reporter:
Breakthrough Prize Foundation cut Seth Rogen's criticism of Silicon Valley's Trump support from a “full” YouTube video; a spokesperson blamed the event's length

James Oliphant / Reuters:
The White House's decision to remove a spot for newswires from the press pool will affect local news organizations who rely on the wire services for reporting

More News

Zoe Kleinman / BBC:
UK shelves promised £800M for Edinburgh University exascale supercomputer and £500M for AI Research Resource, saying former government never allocated the funds
Shirin Ghaffary / Bloomberg:
A profile of, and interview with, former OpenAI board member Helen Toner, who is building a reputation in Washington, DC, as a trusted expert on AI
Sean Michael Kerner / VentureBeat:
Stability AI announces Stable Fast 3D, an AI model for rapid 3D asset generation, which it says can generate a 3D asset from a single image in 0.5 seconds

Earlier Picks

Arjun Kharpal / CNBC:
Nintendo reports Q1 revenue down 46.5% YoY to ~$1.65B, vs. ~$1.92B est., net profit down 55.3% YoY to ~$536M, and Switch sales down 46% YoY to 2.1M units
Bill Toulas / BleepingComputer:
Infoblox and Eclypsium: since 2018, Russian hackers hijacked 35K+ registered domains using Sitting Ducks attacks that involve exploiting DNS configuration flaws
Josh Sisco / Politico:
Sources: the US DOJ is investigating Nvidia's acquisition of Run:ai, a Tel Aviv-based startup that enables virtualization of GPUs, on antitrust grounds
Paul Alcorn / Tom's Hardware:
Intel extends the warranty for its boxed Core 13th and 14th Gen desktop processors by an additional two years, due to customers experiencing instability issues
Bill Donahue / Billboard:
Court filings: AI startups Suno and Udio respond to copyright lawsuits from major music labels, saying using proprietary music to train AI models is fair use
Bill Peters / MarketWatch:
Coinbase reports Q2 revenue up 105% YoY to $1.45B, vs. $1.39B est., a $36.2M net income, and forecasts subscription and services Q3 revenue below expectations
Kif Leswing / CNBC:
Apple Q3 revenue: iPhone down 1% YoY to $39.30B, Mac up 2% YoY to $7.01B, iPad up 24% YoY to $7.16B, and Wearables, Home, and Accessories down 2% YoY to $8.10B
Dean Takahashi / VentureBeat:
Intel plans to cut 15%+ of its workforce, the majority by the end of 2024, as part of a $10B cost reduction plan and to suspend its dividend starting in Q4 2024
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