Techmeme
July 12, 2024, 12:50 AM
 

July 12, 2024

12:30 AM  •
Chris Metinko / Crunchbase News:  Asia-based startups raised only $14.6B in Q2 2024, down 24% from Q1 and 32% YoY, with only 1,511 funding deals announced in Q2, down 15% from Q1 and 27% YoY

July 11, 2024

10:40 PM  •
Sean Lyngaas / CNN:  Sources: US car dealership software provider CDK Global appears to have paid ~$25M to hackers on June 21, after a ransomware attack shut down its systems
10:05 PM  •
Financial Times:  SoftBank buys struggling UK-based chipmaker Graphcore with regulatory approval; sources: the deal is valued at ~$600M, less than the ~$700M Graphcore had raised
9:50 PM  •
Zack Whittaker / TechCrunch:  A May 2024 data breach at mobile spyware company mSpy leaked millions of customer support tickets, including personal data, its third known breach since 2010
9:05 PM  •
Lawrence Abrams / BleepingComputer:  Signal plans to roll out a beta version of its desktop apps that tightens the security of how it stores plain text encryption keys, after downplaying the issue
7:30 PM  •
Paul Sawers / TechCrunch:  SoftBank acquires UK AI chipmaker Graphcore
6:00 PM  •
Rachel Metz / Bloomberg:  OpenAI creates five levels to track its progress toward AGI: Chatbots, Reasoners, Agents, Innovators, and Organizations, and says it's nearly at level two
3:50 PM  •
Andrew Cunningham / Ars Technica:  Arm unveils Accuracy Super Resolution, an upscaler for mobile games based on AMD's FidelityFX Super Resolution 2, available under the MIT open-source license
3:30 PM  •
Olga Kharif / Bloomberg:  Chainalysis: more than half of all illicit transaction volume in crypto now winds up on centralized exchanges
2:00 PM  •
Wired:  Arab and Muslim workers at Meta detail frustrations over Meta's handling of internal discussions on the Israel-Hamas war, worrying it led to bad product choices
1:15 PM  •
Matt Burgess / Wired:  A US judge sentences Ukrainian Vyacheslav Igorevich Penchukov, who helped lead the prolific Zeus malware gang, to 18 years in jail and orders payment of $73M+
12:15 PM  •
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
12:00 PM  •
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
11:35 AM  •
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
10:55 AM  •
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
10:15 AM  •
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
9:40 AM  •
Isabella Ward / Bloomberg:  UK government data: jobs in UK's digital industry grew by 0.3% in 2023, the lowest since a 0.1% decline in 2013, down from 4.1% growth in 2022 and 6.5% in 2021
8:25 AM  •
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
7:30 AM  •
Heather Somerville / Wall Street Journal:  Silicon Valley Defense Group: the US federal government spent $22B on tech from the top 100 national security startups, a paltry sum and far below VC investment
6:35 AM  •
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
6:15 AM  •
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
5:55 AM  •
Michael Hennessey / Bloomberg:  Paris-based Bioptimus releases H-optimus-0, an open-source AI model trained on hundreds of millions of images to aid in the research and diagnoses of diseases
5:40 AM  •
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
5:24 AM  •
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
5:00 AM  •
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
4:35 AM  •
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
4:20 AM  •
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
2:30 AM  •
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
2:00 AM  •
Ruchi Bhatia / Bloomberg:  Nasscom says India's digital talent gap will widen to ~29% in 2028 and India will need 1M+ engineers with advanced AI and other skills over two to three years
1:30 AM  •
Bhupendra Paintola / Inc42 Media:  Kearney-Amazon Pay survey of 6K consumers and 1K merchants in 120 Indian cities: 90% prefer digital payments for online purchases, vs. 50% for offline purchases
1:20 AM  •
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
1:05 AM  •
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

July 10, 2024

10:00 PM  •
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
8:50 PM  •
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
6:10 PM  •
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
5:25 PM  •
FinSMEs:  Hayden AI, which offers cities vision AI tools to improve sustainability, traffic safety, and accessibility, raised a $90M Series C led by TPG's The Rise Fund
4:40 PM  •
Valida Pau / Bloomberg:  Earned Wealth, which offers wealth management services to medical professionals, raised $200M, and reports 3,000+ clients and $2B in assets under management
3:15 PM  •
Chance Miller / 9to5Mac:  Apple and Google launch a data portability tool that lets Google Photos users move their photos to iCloud, after offering iCloud to Google Photos in March 2021
2:47 PM  •
Ryan Gould / Bloomberg:  Sources: Alphabet shelves efforts to acquire HubSpot after the companies failed to reach a point of detailed discussions around due diligence; HUBS drops 10%+
1:50 PM  •
Shubham Sharma / VentureBeat:  AWS launches App Studio, which is a generative AI-powered service letting enterprise users create internal apps using text prompts, in public preview
1:10 PM  •
Evan Gorelick / Bloomberg:  OpenAI and Los Alamos National Laboratory announce a partnership to evaluate how multimodal AI models can be used safely by scientists in laboratory settings
12:40 PM  •
Bloomberg:  Source: Apple aims to ship 90M+ iPhone 16 series devices in 2024, after shipping about 81M iPhone 15s in H2 2023, as it counts on AI services to boost demand
11:30 AM  •
Michael Nienaber / Bloomberg:  Germany agrees on a compromise proposal to strip Huawei components from the 5G core network by the end of 2026; sources say firms will have until 2029 to comply
11:15 AM  •
Foo Yun Chee / Reuters:  FTC source: Microsoft ditching its OpenAI board observer seat is unlikely to resolve concerns at the agency, which is conducting an antitrust review of AI deals
10:50 AM  •
Foo Yun Chee / Reuters:  Microsoft agrees to a deal to settle trade group CISPE's antitrust complaint, and to build a tool to let CISPE members run Microsoft software on their platforms
10:10 AM  •
Financial Times:  AMD agrees to buy Helsinki-based Silo AI, which offers tailored AI models and platforms to enterprise customers, for $665M in cash; Silo has a 300-person team
9:50 AM  •
Sam Rutherford / Engadget:  Samsung Galaxy Z Fold6 and Z Flip6 hands-on: much better cameras, expanded Galaxy AI features, 12GB of RAM, and 10% stronger frames, but both cost $100 more
9:40 AM  •
Brody Ford / Bloomberg:  Intuit plans to cut 10% of its global workforce, or ~1,800 employees, and rehire the same number, primarily in its engineering, product, and sales divisions
9:35 AM  •
Ivan Mehta / TechCrunch:  Google updates Gemini for Android to work better with foldables, expands Circle to Search, and more; the Galaxy Watch7 and Watch Ultra will ship with Wear OS 5
9:30 AM  •
Yoolim Lee / Bloomberg:  Samsung hikes the Galaxy Z Flip6 and Z Fold6 by $100 to $1,099+ and $1,899+, respectively, aiming to reclaim the lead in foldables as Chinese competition mounts
9:27 AM  •
James Frew / Tom's Guide:  Samsung unveils the $400 Galaxy Ring with gesture controls, Samsung Health, IP68, and up to a seven-day battery life, in nine sizes and three colors on July 24
9:18 AM  •
Victoria Song / The Verge:  Samsung unveils the $300 Galaxy Watch7 and $650 Galaxy Watch Ultra, both with LTE and a 3nm Exynos W1000 chip, 2GB of RAM, and 32GB storage, available July 24
9:15 AM  •
Victoria Song / The Verge:  Samsung Galaxy Ring hands-on: the $400 ring has a titanium frame, optical heart rate and skin temperature sensors, feels slimmer than the Oura Ring, and more
9:14 AM  •
Chris Welch / The Verge:  Samsung unveils $250 Galaxy Buds3 Pro and $180 Galaxy Buds3, with ANC and switching to an AirPods-like stemmed design and case, available on July 24
9:11 AM  •
Ben Schoon / 9to5Google:  Samsung debuts the Galaxy Z Fold6, with a wider 22.1:9 display, up to 2,600 nits of brightness, a thinner frame, IP48, and seven years of updates, for $1,899
9:10 AM  •
Ben Schoon / 9to5Google:  Samsung unveils the Galaxy Z Flip6 with 3.4" and 6.7" displays, a 50MP camera, a larger 4,000 mAh battery, and a Snapdragon 8 Gen 3, for $1,099+ from July 24
9:00 AM  •
Samsung on YouTube:  A livestream of Samsung Galaxy Unpacked July 2024
6:35 AM  •
Wes Davis / The Verge:  Google now lets its users set up Advanced Protection Program with a single passkey, using Android or iOS biometric authentication, instead of two physical keys
6:15 AM  •
New York Times:  Amazon says it hit its goal of 100% clean energy in 2023, seven years early, after investing in 500+ solar and wind projects; experts criticize Amazon's figures
5:55 AM  •
Wired:  Elliptic finds a Cambodian online market offering the crypto scam industry products and services, including money laundering and victim data, with $11B in sales
5:40 AM  •
Robert Burnson / Bloomberg:  A US judge rules in favor of X in a lawsuit alleging X owes $500M+ in severance pay to ~6,000 laid-off staff, saying the claims were not covered under ERISA
4:55 AM  •
Dan Goodin / Ars Technica:  Researchers detail the Blast-RADIUS MD5-based vulnerability affecting RADIUS, a widely used network access authentication protocol first developed in 1991
4:30 AM  •
New York Times:  A profile of Lee Saedol, an 18-time Go world champion who was beaten by Google DeepMind's AlphaGo in 2016 and now gives lectures about AI after retiring in 2019
4:00 AM  •
Bloomberg:  A look at the rise of algorithmic trading in currency markets: ~50% of hedge funds are using the tech for FX trading in 2024, up from 22% before the pandemic
2:30 AM  •
Matthew Ball / MatthewBall.co:  Q&A with Meta CTO Andrew Bosworth on the company's metaverse strategy, barriers to MR/VR growth, Reality Labs spending, AR glasses, AI, and more
2:10 AM  •
CNN:  An investigation finds Airbnb fails to protect its guests from hidden cameras and moves swiftly to contain user complaints and resolve them out of court
1:25 AM  •
Financial Times:  Source: Apple is not taking an OpenAI board observer role, as AI antitrust scrutiny mounts; OpenAI plans to host regular meetings with investors and partners
1:20 AM  •
Ina Fried / Axios:  Microsoft gives up an observer seat on OpenAI's board, citing the new board's “significant progress” and saying the company is “confident” in OpenAI's direction
12:50 AM  •
Financial Times:  Index Ventures, an early investor in Mistral and Cohere, closed $2.3B to chase AI breakthroughs and says that 50%+ of its recent investments have been in AI

July 9, 2024

11:45 PM  •
Akshat Rathi / Bloomberg:  Environmental report: Google stops buying carbon offsets and no longer maintains operational carbon neutrality, but still aims to hit net-zero emissions by 2030
11:10 PM  •
Kwanwoo Jun / Wall Street Journal:  Samsung Electronics' union workers declare an “indefinite general strike” on the final day of a three-day walkout because management was unwilling to negotiate
10:00 PM  •
Financial Times:  Microsoft agrees to buy a record 500K carbon credits from US oil producer Occidental Petroleum's 1PointFive to offset its emissions amid the AI energy surge
9:30 PM  •
Harshita Mary Varghese / Reuters:  IDC: global PC shipments rose 3% YoY to 64.9M units in Q2 2024; Apple's shipments rose 20.8% YoY, the biggest jump among PC makers, followed by Acer at 13.7%
8:40 PM  •
Maxwell Zeff / TechCrunch:  Anthropic now lets developers use Claude 3.5 Sonnet to generate, test, and evaluate their prompts, and adds new features, like generating automatic test cases
7:45 PM  •
Damien Wilde / 9to5Google:  Google plans to make its dark web monitoring feature available to all users for free in late July, no longer requiring a Google One membership
7:05 PM  •
Tom Warren / The Verge:  Microsoft hikes the price of Xbox Game Pass Ultimate by $3 to $19.99/month for new subscribers and plans a Standard tier for $14.99/month without day-one titles
6:40 PM  •
Carly Page / TechCrunch:  Filing: Evolve Bank & Trust says LockBit accessed the personal data of at least 7.6M people during a February 2024 ransomware attack
6:15 PM  •
Don Clark / New York Times:  The Biden administration plans to direct up to $1.6B in CHIPS Act funding towards R&D to accelerate domestic capacity for advanced chip packaging
5:50 PM  •
Michael Kan / PCMag:  The US DOJ and its partners seized two domain names and 968 accounts on X used by Russia's RT to develop an AI-enhanced bot farm that spread disinformation
5:05 PM  •
Kamila Wojciechowska / Android Authority:  Source: the Google Pixel Watch 3 will come in 41mm and 45mm sizes, have smaller 4.5mm bezels, a brighter 2,000-nit display, and ultra-wideband support
4:45 PM  •
Rashi Shrivastava / Forbes:  Skild AI, which is building a foundational model for robotics, raised a $300M Series A at a $1.5B valuation led by Lightspeed, SoftBank, Coatue, and Jeff Bezos
4:20 PM  •
Bloomberg:  A group of investors led by Vista Equity Partners has agreed to acquire a majority stake in Nasuni, valuing the hybrid cloud storage provider at ~$1.2B
4:00 PM  •
Matthew Connatser / The Register:  A US judge dismisses more claims in a developer lawsuit over allegations of GitHub Copilot unlawfully copying their code; of 22 original claims, only two remain
3:24 PM  •
Anissa Gardizy / The Information:  Sources: xAI ends talks with Oracle to expand an existing arrangement to rent Nvidia chips; source: Oracle is not part of xAI's supercomputer project in Memphis
2:30 PM  •
Kate Clark / The Information:  Source: a16z has secured thousands of AI chips, including Nvidia H100 GPUs, and is renting them to portfolio companies, with the aim of expanding to 20K+ GPUs
2:00 PM  •
Grace Kay / Business Insider:  Current and former Tesla staff: self-driving data annotation staff were told to prioritize analyzing car data of VIP drivers, like Elon Musk and YouTube stars
1:05 PM  •
Aaron Holmes / The Information:  UiPath says it will lay off 10% of its workforce, or ~420 people, after lowering its full year revenue expectations by $100M last month; PATH drops 6%+
12:20 PM  •
Jagmeet Singh / TechCrunch:  Google begins rolling out speedometers in Google Maps for iOS and CarPlay globally, more than five years after adding the features to the Android app
12:00 PM  •
Chris Morris / Fortune:  Illinois enacted new rules in its Child Labor Law on July 1 to mandate influencer parents pay their under-16 kids for appearing in their social media content
11:20 AM  •
Ionut Arghire / SecurityWeek:  Austin-based Command Zero, which uses automation and LLMs to help with cybersecurity investigations, emerges from stealth with $21M in seed funding led by a16z
10:25 AM  •
Stephanie Palazzolo / The Information:  Volley, which makes AI-based games played via voice commands on Amazon Alexa, Fire TV, and Roku TV, raised a $55M Series C, bringing its total funding to $75M+
10:20 AM  •
The Information:  Despite OpenAI's move to shut out developers in China from its tech, they can still access its models via Azure China, Microsoft's joint venture with 21Vianet
9:45 AM  •
Cristiano Lima-Strong / Washington Post:  The FTC bans teen messaging app NGL from serving users under 18, a first; NGL agreed to pay $5M and stop marketing to kids and teens to settle the FTC's lawsuit
9:35 AM  •
Dean Takahashi / VentureBeat:  NFT and metaverse content creation startup Infinite Reality raised $350M at a $5.1B valuation and acquires Roblox game developer Landvault for $450M in stock
9:25 AM  •
Rachel Metz / Bloomberg:  Captions, which uses AI to let people create and edit videos, raised $60M led by Index Ventures at a $500M valuation, taking its total funding to $100M
9:10 AM  •
Jay Peters / The Verge:  Spotify adds the ability for users to leave comments on podcasts, expanding on polls and Q&As; comments will be private by default, and creators can opt out
8:35 AM  •
Annie Palmer / CNBC:  Etsy CEO Josh Silverman says Etsy is positioning itself “to answer the call for original goods and real people” by overhauling its policies and adding labels
8:20 AM  •
Kurt Wagner / Bloomberg:  Meta plans to remove more Facebook and Instagram posts that attack “Zionism” or threaten “Zionists” when the term is used to represent Jewish people or Israelis
7:45 AM  •
Annie Njanja / TechCrunch:  Remittance startup Nala, which lets users in the EU, UK, and US send money to 11 African markets, raised a $40M Series A led by Acrew, after a $10M seed in 2022
6:30 AM  •
Financial Times:  Australia, backed by the US, the UK, Japan, and other allies, accuses a Chinese state-backed hacking group of targeting government and private sector networks
6:00 AM  •
Annie Palmer / CNBC:  Amazon announces an updated $79 Echo Spot alarm clock, with a revamped design and improved audio quality, the first update to the device since its 2017 launch
5:35 AM  •
TIME:  Sam Altman and Arianna Huffington announce Thrive AI Health, a new startup backed by OpenAI and Thrive Global to build a “hyper-personalized AI health coach”
4:05 AM  •
New York Times:  How the US is trying to transform the world's chip supply chain, including getting more countries to set up factories to do final chip assembly and packaging
1:15 AM  •
Kyle Wiggers / TechCrunch:  Quora's Poe launches Previews, letting users create web apps like data visualizations and games using more than one LLM, like GPT-4o and Gemini 1.5 Pro

July 8, 2024

10:30 PM  •
South China Morning Post:  Hong Kong proposes stiffer penalties for illegal ride-hailing services and use of licensing to regulate platforms such as Uber, potentially limiting their scope
8:15 PM  •
Financial Times:  Sources: HongShan, formerly Sequoia China, raised a ~$2.5B fund in Chinese yuan, which can more easily invest in sensitive tech than its $9B USD fund from 2022
5:45 PM  •
Bloomberg:  IDC: ~3% of PCs shipped in 2024 will meet Microsoft's AI PC processing power threshold; source: some big app makers rebuffed a push for on-device AI features
3:50 PM  •
Cory Weinberg / The Information:  How Scale AI's $13.8B valuation from May 2024's $1B funding round is almost certainly too high, given below-average margins, a reliance on few clients, and more
1:25 PM  •
Rachyl Jones / Fortune:  Chinese self-driving cars from WeRide, Apollo, AutoX, Pony.ai, and DiDi have driven 1.8M miles in California since 2017, collecting data with little scrutiny
10:45 AM  •
Nilay Patel / The Verge:  Q&A with Canva CEO Melanie Perkins on the startup's history, its 4,500 headcount, going global, trust and safety, Adobe, attracting enterprise clients, and more
9:20 AM  •
Craig Silverman / ProPublica:  Investigation: the US Cyber Safety Review Board didn't investigate, for unclear reasons, the weaknesses in Microsoft tools that the SolarWinds hack exploited
8:35 AM  •
Rachel Metz / Bloomberg:  New York-based Hebbia, which uses AI to help companies sift through documents, raised $130M led by a16z, a source says at a ~$700M post-money valuation
8:10 AM  •
Mark Tyson / Tom's Hardware:  Microsoft quietly adds spellchecking and autocorrect to Notepad in Windows 11, after testing the features in March 2024; Windows Notepad first launched in 1983
6:10 AM  •
Julian Chokkattu / Wired:  Nothing unveils the $199 CMF Phone 1, with swappable parts, a 6.67" AMOLED, a MediaTek SoC, and Nothing OS, plus the $69 CMF Watch Pro 2 and $59 CMF Buds Pro 2
5:40 AM  •
Bloomberg:  Memo: Microsoft tells staff in China they must use iPhones for work from September, saying that Google services like the Play Store are not available in China
4:15 AM  •
Wes Davis / The Verge:  What to expect from Samsung Galaxy Unpacked on July 10: Galaxy Z Fold 6 and Flip 6, Galaxy AI updates, Galaxy Buds 3, Galaxy Watch 7 and Watch 7 Ultra, and more
12:20 AM  •
Reuters:  The National Samsung Electronics Union goes on a three-day strike for better pay; analysts: the strike is unlikely to have an impact due to low participation

July 7, 2024

5:30 PM  •
Financial Times:  How Saudi media group MBC's Shahid has become the biggest streaming service in MENA with a 22% market share, ahead of Starz Play Arabia's 18% and Netflix's 17%
12:55 PM  •
Michelle Hampson / IEEE Spectrum:  A study of GPT-3.5-based ChatGPT's ability to solve 728 coding problems: fairly good at solving problems that existed before 2021, but struggles with newer ones
10:05 AM  •
Mark Gurman / Bloomberg:  Sources: Apple Watch Series 10 will be thinner and have bigger screens; the main Siri upgrade will be part of iOS 18.4, with a January beta and a spring release
8:05 AM  •
Tory Shepherd / The Guardian:  A look at Apate, a conversational bot developed by Macquarie University's Cyber Security Hub in Australia to keep scam callers on the line while collecting data

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