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Techmeme
September 12, 2024, 12:20 PM
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Top News

Wesley Yin-Poole / IGN:
Memo: Microsoft lays off 650 staff from its gaming business, bringing the cuts in its gaming business to 2,550 jobs since acquiring Activision Blizzard in 2023  —  No games canceled or studios closed this time.  —  Microsoft is laying off a further 650 staff from its gaming business …
Teresa Xie / Bloomberg:
eToro USA agrees to pay $1.5M and limit US user trading to Bitcoin, Bitcoin Cash, and Ether to settle SEC allegations that it operated as an unregistered broker  —  - Unregistered broker, clearing agency allegations settled  — US users will be limited to Bitcoin, Bitcoin Cash, and Ether
Dan Goodin / Ars Technica:
Researchers detail gaining the ability to generate counterfeit HTTPS certificates and more after buying an expired WHOIS server domain for the .mobi TLD for $20  —  .mobi top-level-domain managers changed the location of its WHOIS server.  No one got the memo.
Arasu Kannagi Basil / Reuters:
Mastercard agrees to acquire Recorded Future, which uses AI-based analytics to identify potential threats, from private equity firm Insight Partners for $2.65B  —  Mastercard (MA.N) has agreed to buy threat intelligence company Recorded Future from private equity firm Insight Partners for $2.65 billion …
Kif Leswing / CNBC:
How the hearing aid feature in AirPods Pro 2 could change the hearing aid industry, where most devices range from $799 into the thousands of dollars  —  Soon, people with AirPods in their ears might not be drowning you out — they might be wearing them to hear you better.
Sarah Emerson / Forbes:
Sources: Adam Neumann's Flowcarbon, which raised $70M in 2022 from a16z and others, is refunding investors after failing to launch its Goddess Nature Token  —  Flowcarbon secured millions of dollars in funding from investors like Andreessen Horowitz to merge carbon credits with the blockchain …
Ryan Browne / CNBC:
The UK gives data centers Critical National Infrastructure designation, enabling the government to coordinate better against hackers and unexpected cyber events  —  LONDON — The U.K. on Thursday said it now classes data centers as critical infrastructure, in a move that is expected …
Shaurya Malwa / CoinDesk:
Coinbase launches its wrapped bitcoin, cbBTC, on the Ethereum and Base networks, supported by various DeFi services for trading, lending, and as collateral  —  The token will initially be offered on Ethereum and Coinbase's Base networks, with plans to expand to more blockchains in the coming months.
Richard Speed / The Register:
Transport for London confirms ~5,000 customers' bank data may have been exposed in an ongoing cyber incident and pulls a lot of its IT infrastructure offline  —  NCA confirms arrest of 17-year-old ‘on suspicion of Computer Misuse Act offences’ - now bailed  —  BREAKING Transport …
Natasha Lomas / TechCrunch:
Ireland's DPC opens an investigation into Google's GDPR compliance over using the personal information of EU and EEA users for training foundation AI models  —  Google's lead privacy regulator in the European Union has opened an investigation into whether or not it has complied …
Todd Feathers / Gizmodo:
Nevada is working with Google to launch a generative AI tool that will issue recommendations to human referees on whether unemployed workers should get benefits  —  The state is working with Google on a first-of-its-kind generative AI system that will analyze transcripts from appeals hearings …
Bloomberg:
Sources: OpenAI is in talks to raise $6.5B in equity financing at a $150B valuation, plus, a source says, $5B in debt from banks as a revolving credit facility  —  - Company set to raise $6.5 billion in equity financing  — Banks also in talks to issue startup $5 billion in debt
Lily Hay Newman / Wired:
A look at Apple's Private Cloud Compute for Apple Intelligence that Craig Federighi says allows user data to be “hermetically sealed inside of a privacy bubble”  —  Private Cloud Compute is an entirely new kind of infrastructure that, Apple's Craig Federighi tells WIRED …
Debby Wu / Bloomberg:
Infineon says it has developed 300mm gallium nitride wafers, which can produce 2.3x more chips than 200mm wafers and speed their adoption for AI applications  —  - Chipmaker announces breakthrough in gallium nitride production  — Compound semiconductors can be more efficient than silicon

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From Mediagazer

Peter White / Deadline:
Fox and Hulu extend their content partnership, including in-season streaming rights for Fox's programming; sources: the deal is worth $1.5B over four years

Peter Kafka / Business Insider:
A Q&A with Chris Balfe, CEO of Red Seat Ventures, which has helped Tucker Carlson and Megyn Kelly set up their podcast and streaming businesses and sell ads

Jonathan Stempel / Reuters:
A New York judge finds Sirius XM liable for a difficult subscription cancellation process; Sirius says it will appeal but abide by a new “click-to-cancel” rule

More News

Gian Volpicelli / Bloomberg:
A 397-page EC report, released shortly before the CJEU's verdicts against Apple and Google, says the EU's competition enforcement can be “harmful to innovation”

Earlier Picks

Kevin Breuninger / CNBC:
Shares of Truth Social owner Trump Media closed down over 10% after Trump's debate with Harris, ending at their lowest level since they began publicly trading
Aisha Malik / TechCrunch:
Google adds Audio Overview to NotebookLM, letting users turn documents into audio discussions with two AI hosts that summarize and explain the source material
Sarah Perez / TechCrunch:
Bluesky rolls out support for up to 60-second videos with subtitles; a post can have one video, adult content is allowed, and users are limited to 25 videos/day
Maxwell Zeff / TechCrunch:
Adobe says generative AI features powered by its Firefly Video model will be available before the end of 2024 on the Premiere Pro beta app and on a free website
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