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Techmeme Latest Headlines

Updated: 9 hours ago

As Apple ramped up investment in Mac chips, the progress of its other chips slowed down; sources: Apple Watch Series 8 may be able to tell if users have a fever (Mark Gurman/Bloomberg)

ML-powered surveillance systems will never eliminate the risk of school shootings in the US, no matter how expansive and intricate those systems become (Chris Gilliard/Wired)

Q&A with Microsoft President Brad Smith on assistance for employees seeking abortion, labor and employment reforms, pending antitrust regulation, and more (Todd Bishop/GeekWire)

London-based Vita Mojo, which makes restaurant software for digital ordering and kitchen management, has raised $30M led by Battery Ventures (Megha Paul/Tech.eu)

How El Salvador President Nayib Bukele weaponized bitcoin to whitewash his government's growing authoritarianism on the world stage and spread local propaganda (Nelson Rauda Zablah/New York Times)

HackerOne says a staffer stole vulnerability reports submitted through its bug bounty platform and disclosed them to seven companies to claim financial rewards (Ionut Ilascu/BleepingComputer)

RadioShack, which was bought by a PE firm in 2020, has become an online cryptocurrency company trying to attract users with a stream of often-profane tweets (Yiwen Lu/Washington Post)

Twitter's recent takedowns in India may be fueled by new rules making its local chief compliance officer criminally liable for not meeting government demands (Andrew Deck/Rest of World)

After 3AC's collapse, centralized lenders with 3AC exposure had failed, while their decentralized counterparts liquidated collateral and continued operating (Arthur Hayes/Entrepreneur's Handbook)

PolySign, which provides blockchain-enabled digital asset infrastructure for institutional investors, has raised a $53M Series C from Cowen Digital and others (Cameron Thompson/CoinDesk)

Sources: at least 24 Azure data centers are operating with limited server capacity amid the global chip shortage that has made it harder to get new hardware (Kevin McLaughlin/The Information)

IDC: global shipments for VR headsets jumped 241.6% during Q1 2022, with Meta capturing 90% of market share thanks to its Quest 2 headset (The Economic Times)

Three Arrows Capital files for Chapter 15 bankruptcy, a move that protects its US assets while a liquidation is carried out in the British Virgin Islands (Jeremy Hill/Bloomberg)

Meta will shut down Novi, its digital wallet pilot, on September 1; users will no longer be able to add money to their accounts starting July 21 (Olga Kharif/Bloomberg)

Google plans to auto-delete user visits to medical facilities like abortion clinics, domestic violence shelters, and weight loss centers from location histories (Mitchell Clark/The Verge)

Apple will face a trial in the UK after failing to limit a consumer claim that it breached competition law by taking a 30% cut on app and in-app purchases (Jonathan Chadwick/Daily Mail)

Voyager Digital temporarily suspends trading, deposits, and withdrawals citing market conditions, after issuing a default notice to 3AC in June on a ~$650M loan (Michael McSweeney/The Block)

In a letter to nine GOP senators, TikTok says China-based employees who clear internal security protocols can access certain information on TikTok's US users (Alex Barinka/Bloomberg)

BlockFi says it agreed to an option to be acquired by FTX for up to $240M; the deal also includes a $400M revolving credit facility from FTX (Dan Primack/Axios)

So Paulo-based Mottu, which rents motorcycles to delivery drivers and operates a delivery service, raised a $30M Series B and $10M in debt (Mary Ann Azevedo/TechCrunch)

Sources: Klarna is nearing a deal to raise about $650M mostly from existing investors led by Sequoia Capital at a valuation of ~$6.5B, down from $45.6B in 2021 (Wall Street Journal)

Google gave user data to Russian ad company RuTarget, including potentially sensitive info about users in Ukraine, four months after the US sanctioned RuTarget (Craig Silverman/ProPublica)

Biden to award a posthumous Medal of Freedom to Steve Jobs for changing the way the world communicates and transforming the computer, music, and film industries (Chance Miller/9to5Mac)

European Commission says Amazon has agreed to drop "dark patterns" in the process required for canceling Prime membership across its sites in the EU (Natasha Lomas/TechCrunch)

London-based Omeda Studios, which is developing a third-person action MOBA named Predecessor, raised a $20M Series A, following a $2.2M seed in March 2021 (Jason McMaster/VentureBeat)

Netflix execs say they plan no big programming changes; analysts for two banks say a cheaper ad-supported tier may cannibalize the higher-paying subscriber base (New York Times)

EU agrees on new crypto rules, including measures guarding against market abuse and requiring crypto firms to disclose environmental impact of their assets (Dan Milmo/The Guardian)

Over 10 Chinese entities establish open-source code community, "openKylin", to develop a homegrown desktop OS amid efforts to cut reliance on Windows and macOS (Che Pan/South China Morning Post)

New York-based Tomorrow Health, whose data-driven marketplace matches patients with home-based care suppliers, has raised a $60M Series B led by BOND (Katie Adams/MedCity News)

Kaspersky researchers discovered malware used in the wild since March 2021 to backdoor Microsoft Exchange servers of government and military orgs worldwide (Sergiu Gatlan/BleepingComputer)

The FCC authorizes SpaceX to provide Starlink satellite internet to vehicles in motion, including commercial airlines, shipping vessels, and trucks (Michael Sheetz/CNBC)

Google settles a lawsuit by agreeing in part to pay $90M in a fund to support US app developers who made $2M or less in annual Play Store revenue from 2016-2021 (Reuters)

Short-form video app Triller confidentially files for a US IPO, after ending its $5B merger with video ad software provider SeaChange on June 14 (Manya Saini/Reuters)

Uber received 3,824 reports of sexual assault and misconduct in 2019 and 2020, down 38% from 2017 and 2018, but the rate of fatal physical assaults rose 18% (Prarthana Prakash/Bloomberg)

As avatars for metaverse applications grow in popularity, a look at Understanding Comics, a 30-year-old illustrated lecture considered an avatar design bible (Tim Bradshaw/Financial Times)

Meta says Instagram is testing a change that turns video posts into Reels with select users, as part of efforts to "simplify and improve the video experience" (Aisha Malik/TechCrunch)

Gene Levoff, a former lawyer at Apple, pleads guilty to insider trading; he allegedly traded ahead of quarterly earnings from 2011 to 2016 and was fired in 2018 (Jonathan Stempel/Reuters)

Source: eToro and the SPAC company that agreed to take it public are planning to let the June 30 deadline for their merger pass without closing the deal (Maria Heeter/The Information)

April, which personalizes and autofills tax filings by using AI to analyze tax code, raised a $30M Series A led by Treasury, bringing its total funding to $40M (Kyle Wiggers/TechCrunch)

Raspberry Pi announces the Pico W, a $6 microcontroller equipped with an 802.11n Wi-Fi radio, powered by an Infineon CYW43439 chip with Bluetooth disabled (Mitchell Clark/The Verge)

Zoom is returning to its business software roots to revive growth, after two years of trying to monetize consumers, many of whom stick with free 40-minute calls (Brody Ford/Bloomberg)

CFTC charges South Africa-based bitcoin pool operator Mirror Trading International with $1.7B fraud, in its largest ever fraud case involving bitcoin (Danny Nelson/CoinDesk)

Internal memo: Chief Product Officer Chris Cox says Meta is bracing for a leaner H2 and "teams should not expect vast influxes of new engineers and budgets" (Katie Paul/Reuters)

Sources: FTX is close to finalizing a term sheet to buy BlockFi for around $25M; BlockFi was last valued at $4.8B, per PitchBook (Kate Rooney/CNBC)

Meta says it is rolling out NFT support on Facebook, allowing select US creators to display NFTs on their profiles, after adding the feature to Instagram in May (TechCrunch)

Google updates its built-in password manager for Chrome and Android with the option to manually add passwords across all platforms, a unified design, and more (Jon Porter/The Verge)

CoinFlex postpones plans to resume withdrawals, saying they will return "as soon as possible", as its CEO declines to share how much its rvUSD token has raised (Yueqi Yang/Bloomberg)

Filing: ex-Apple retail chief Ron Johnson's at-home tech setup company Enjoy files for bankruptcy less than a year after a SPAC merger and sells to Asurion (Bloomberg)

YouTube says channels can't hide subscriber counts starting June 29 to fight fake accounts, and rolls out an "increase strictness" comment moderation setting (Taylor Hatmaker/TechCrunch)

Interviews detail Didi's downfall under China's scrutiny, losing $60B in value in one year and blindsiding executives, following its $4.4B US IPO in June 2021 (Bloomberg)

Apple's CarPlay update, demoed at WWDC, lets users navigate to a pump and buy gas from its dashboard (Stephen Nellis/Reuters)

Modular, which aims to simplify building AI systems by using "composable" common components, raised a $30M seed led by GV (Kyle Wiggers/TechCrunch)

Source: FTX walked away from a deal with Celsius after finding the crypto lender has a $2B hole in its balance sheet (Yogita Khatri/The Block)

Snowplow Analytics, which helps companies collect and analyze customer data, raised a $40M Series B led by NEA, bringing its total funding to $55M (Mike Wheatley/SiliconANGLE)

An investigation details an Indian hacking-for-hire scheme to obtain documents in legal cases, starting in 2013 and targeting 75+ US and European organizations (Reuters)

Sources: Tencent, ByteDance, and others plan layoffs impacting thousands, after Chinese internet companies cut tens of thousands during regulatory crackdowns (Raffaele Huang/Wall Street Journal)

Section 230 is the last line of defense for online abortion speech, without which platforms could face legal liability for distributing abortion information (Wired)

MarkSight: as crypto tumbles, the average price of Nvidia's GeForce 3080 on eBay dropped from $1,140 on April 30 to $710 on June 27 (Bloomberg)

Chinese AI startup SenseTime's shares dropped over 50% to HK$2.90 ($0.37), their lowest-ever level and well below IPO price, after a lock-up period expired (Cheng Leng/Financial Times)

Report: Iranian #MeToo activists on Instagram are being targeted by 1M+ bots in a coordinated harassment campaign using social media marketing firms in Pakistan (Andrew Deck/Rest of World)

An in-depth look at the 2016 Bitfinex hack and US government's case against Ilya Lichtenstein and Heather Morgan, aka Razzlekhan, over alleged money laundering (Zeke Faux/Bloomberg)

Amazon documents show it will restrict items and search results related to LGBTQ people and issues in the UAE, after the Emirati government threatened penalties (Karen Weise/New York Times)

An investigation details an operation by Chinese hacking group APT40 to lure graduates into spying and translating stolen documents using a front company (Financial Times)

Bitcoin is on track for its worst quarter since Q3 2011, dropping 56%, after falling as much as 4.4% to just above $19K on Thursday (Joanna Ossinger/Bloomberg)

Apple says South Korean app developers can now use external payment methods from KCP, Inicis, Toss, and NICE by submitting a new version, reducing fees by 4% (Filipe Espsito/9to5Mac)

OpenSea tells customers that an employee at email vendor Customer.io downloaded and sent email details to an external party, impacting almost all users (Rita Liao/TechCrunch)

Experts say using period tracker apps does not necessarily put women at additional risk of prosecutions in the wake of SCOTUS overturning Roe v. Wade (Kendra Albert)

India-based GetVantage, which uses AI to offer revenue-based capital of between $10K to $500K to startups, has raised $36M, bringing its total funding to $40M (Catherine Shu/TechCrunch)

Unity is laying off over 200 people, or 4% of its workforce, two weeks after the CEO said at an all-hands meeting that there won't be any layoffs (Ari Notis/Kotaku)

A Taiwanese minister and TSMC board member urges US Congress to pass the Chips Act, saying the pace of building TSMC's Arizona chip factory depends on subsidies (Jeanne Whalen/Washington Post)

London-based Shop Circle, which offers merchants a one-stop shop for e-commerce software, emerges from stealth with $65M in funding led by NFX and QED Investors (Christine Hall/TechCrunch)

Officials in Zhengzhou, China used the smartphone location tracking-based health code system to stop 1,000+ depositors from protesting over failing rural banks (Financial Times)

South Korea's chip stockpile has jumped 53.4% YoY in May, the most in more than four years, suggesting a slowdown in demand for memory chips (Sam Kim/Bloomberg)

Samsung begins mass production of 3nm chips touting a 45% reduction in power usage, a 16% smaller surface area, and 23% better performance compared to 5nm chips (Joyce Lee/Reuters)

Tel Aviv-based Cyolo, maker of zero trust security tech enabling secure connection to workplaces, has raised a $60M Series B, bringing its total raised to $85M (Meir Orbach/CTech)

Google Workspace head Javier Soltero, who managed Google's productivity and collaboration tools including Gmail and Meet, is leaving the company on July 15 (Aisha Counts/Protocol)

Grayscale Investments sues the US SEC after the agency rejected its application on Wednesday to convert its flagship Grayscale Bitcoin Trust product to an ETF (Nikhilesh De/CoinDesk)

Sources: Byju's has laid off 1,500+ staff from Toppr and WhiteHat Jr, two companies it acquired in the past two years, and ~1,000 from its core operations teams (Moneycontrol)

Sources: digital asset trading firm Genesis is potentially facing "hundreds of millions" of dollars in losses, partly through exposure to 3AC and Babel Finance (CoinDesk)

Researchers say some businesses are exaggerating AI's capabilities, brewing misunderstanding and distorting policymakers' views of AI's power and fallibility (Wall Street Journal)

Infotech Headlines Today

Updated: 7 hours ago

"Dr. Doom" economist Nouriel Roubini says stocks could plunge another 50% as the US heads towards a severe financial crisis - Business Insider

10 things you can do to your home that will actually lower its value - BusinessTech

401k to gold IRA rollover guide - Pocket Lint

5 recession-proof ways to make passive income, according to financial planners - Business Insider

A 39-year-old remote worker says the flexibility to live his life are worth being 'underpaid' at his job - Business Insider

A chaotic rental market means it's time to get creative when apartment hunting in New York City - Business Insider

A European hospitality startup using tiny homes as boutique remote hotel rooms is seeing huge success — see inside its cabins - Business Insider

A former federal prosecutor says Donald Trump will be indicted 'if we care about the survival of our democracy - Business Insider

A history of Elon Musk's love affair with Dogecoin, from a crypto-themed SpaceX mission to the moon to a Twitter spat with one of its creators - Business Insider

After Reports of Mid-Air Emergencies, US Will Audit Boeing's Oversight of 737 Max - Slashdot

AI in Insurance: How three forward-looking insurers are infusing AI into their front, middle, and back offices - Business Insider

Air travel will be a complete nightmare this holiday weekend. Here's what to do about it. - Business Insider

Alabama officials are using the overturning of Roe v. Wade to argue that the state should also be able to ban gender-affirming medical care - Business Insider

All the best 4th of July deals you can shop right now, including discounts at Backcountry, Best Buy, and West Elm - Business Insider

Amazon Bars Off-Duty Warehouse Workers from Its Buildings - Slashdot

An AI model predicted crime in US cities a week before it happened. It was right nine times out of 10. - Business Insider

An American Airlines passenger spent three days trying to get home after his flight was canceled - Business Insider

An infant died after being left in a car outside a Walgreens store where its mother was working, reports say - Business Insider

Apple Watch Series 8 may be able to detect if you have a fever - Engadget

Apple Watch Series 8 will reportedly be able to detect if you have a fever - The Verge

As Apple ramped up investment in Mac chips, the progress of its other chips slowed down; sources: Apple Watch Series 8 may be able to tell if users have a fever (Mark Gurman/Bloomberg) - Techmeme

Australia is exterminating tens of millions of bees to save its honey industry - Business Insider

Bboxx & Orange Connect 150,000 People in DRC to Clean Energy - Itnewsafrica

British Airways passengers wait days to be reunited with their bags amid Heathrow luggage mountain - Business Insider

Citizen Sleeper's Creator Was Inspired by Our Modern Dystopia - Wired

Countries Form New NATO-Like 'Mineral Security' Alliance to Ensure EV Supplies - Slashdot

Crypto hedge fund Three Arrows files for bankruptcy - The Verge

Cyberattacks on financial services rising, says expert - Punch

Delta threw passengers a 'pizza party' and offered $6,000 gift cards after a string of delays and cancelations - Business Insider

Democrats say the January 6 hearings reveal Trump's 'criminality' but think a 3rd impeachment would be futile - Business Insider

Digitalising paymentsll increase mobile money accounts in Nigeria, others World Bank - Punch

Dozens of masked far-right Patriot Front members marched in Fourth of July show of strength in Boston - Business Insider

Dramatic video shows ship breaking up after being hit by a typhoon in the South China Sea, 27 crew missing - Business Insider

Drones 101: The Future of Drones for Consumers, Businesses, and the Military - Business Insider

Electric Vehicle Manufacturing is Spreading - But Funded By SUV and Truck Sales - Slashdot

Equity crowdfunding appears immune to market volatility, on track for its best year yet - Techcrunch

Expect load shedding for weeks to come, starting with stage 6 on Monday ' here's the new schedule - BusinessTech

Experts give bleak outlook for load shedding in South Africa: report - BusinessTech

Financial inclusion depends on broadband availabilityNCC - Punch

Former DC cop who was assaulted by Capitol rioters said there's 'ample probable cause' for Trump to be indicted for his role in the insurrection - Business Insider

Genshin Impact' Summer Fantasia update arrives on July 13th - Engadget

German traffic watchdog says 59,000 Tesla cars affected by safety bug - Engadget

Good news for second-hand car buyers in South Africa - BusinessTech

Gov. Kristi Noem says 'every life is precious' when asked if a pregnant 10-year-old girl should be forced to have a baby under abortion laws - Business Insider

Hitting the Books: How 3D printing helped make cosplay costumes even more accurate - Engadget

How Bug Bounty Platform HackerOne Handled Its Own 'Internal Threat' Actor - Slashdot

How El Salvador President Nayib Bukele weaponized bitcoin to whitewash his government's growing authoritarianism on the world stage and spread local propaganda (Nelson Rauda Zablah/New York Times) - Techmeme

How much is enough for retirement in South Africa - BusinessTech

How the Higgs Boson Particle Ruined Peter Higgs's Life - Slashdot

How to Set a Maximum Limit on Your Phone's Volume - Wired

I flew on United's Boeing 737 MAX 8 in economy from Newark to Seattle and saw how the upgraded cabin easily competes with Delta and American - Business Insider

I toured a Boeing Business Jet, an airline-sized private plane equipped like an apartment, and was shocked at just how spacious it was - Business Insider

I'm a pyrotechnician for events like Macy's 4th of July fireworks. I've worked hundreds of shows, but the adrenaline rush never gets old. - Business Insider

I've been getting tons of 'wrong number' spam texts, and I don't hate it - The Verge

If there's a recession, don't count on the government to come to the rescue with stimulus checks and boosted unemployment benefits - Business Insider

Implementing Security Best Practices to Maintain Integrity at the Edge - Itnewsafrica

Indian gangs are 'fake-killing' people to claim life insurance payouts, report says - Business Insider

Investors will have 3 ideal entry points into the stock market over the next few months as bear attack lingers, according to BofA - Business Insider

Jeff Bezos says Joe Biden's call to cut gas prices is either 'straight-ahead misdirection or a deep misunderstanding of basic market dynamics - Business Insider

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