Reddit CEO Steve Huffman is unfazed by platform API protests. Huffman told The Verge, NBCNews, and NPR that the API was not designed to support third-party apps. In these interviews, the Reddit co-founder discussed protesting moderators, site rules, and profitability. The platform’s CEO seems unmoved by the community’s strongest backlash. …
Read More »US federal agencies confirm MOVEit breach, hackers list more victims
Multiple federal agencies have been attacked using a popular file transfer tool’s security flaw, according to the U.S. government. CISA told that “several” U.S. government agencies were breached by Progress Software’s MOVEit Transfer enterprise file transfer tool. The agency also attributed the attacks to the Russia-linked Clop ransomware gang, which …
Read More »Wargraphs, a one-person gaming startup with no funding, sells for $54M
While the U.K. and U.S. try to block Microsoft’s acquisition of Activision over concerns it will kill competition in games distribution, modding and analytics appear to be thriving. Wargraphs, a one-man startup that makes Porofessor, a League of Legends companion app that helps players track and improve their stats, is …
Read More »Flipboard creates a Bluesky feed
Bluesky has a Flipboard feed. Flipboard said its recommendation algorithm curates the “Tech by Flipboard” feed. Bluesky introduced custom algorithm-based feeds last month. Users can browse social media content and accounts by adding these feeds. Bluesky should not have a single feed with a core recommendation algorithm like other social …
Read More »Mistral AI, from France, raises $113M at $260M to challenge OpenAI
A four-week-old startup has raised $113 million to compete with OpenAI in building, training, and applying large language models and generative AI. Paris-based Mistral AI, co-founded by Google DeepMind and Meta alumni, will focus on open source solutions and enterprises to solve what CEO Arthur Mensch calls the biggest challenge …
Read More »Nobody likes NYC’s $18 delivery worker minimum wage
New York City has set a minimum wage for food delivery workers like Uber Eats, DoorDash, Grubhub, and Relay. It should be a historic win for gig workers, but delivery workers and companies are unhappy. Many workers, labor rights activists, and even the city comptroller say the minimum wage, just …
Read More »YouTube is lowering its monetization eligibility requirements
YouTube is lowering YPP requirements for creators to access monetization tools. The company is opening its shopping affiliate program to U.S. YPP creators with over 20,000 subscribers. The Google-owned company announced new partner program requirements: 500 subs; 3 public uploads in 90 days; 3,000 watch hours in the past …
Read More »London attracts a16z’s first international office with “predictable” crypto regulations
Andreessen Horowitz, a $35 billion US VC firm, will open its first international office in London, led by general partner Sriram Krishnan. The office will promote crypto, blockchain, and web3 startups. a16z invested $7.6 billion in crypto startups worldwide. “London is a major financial hub, a major tech hub, and …
Read More »Meta releases AI-powered music generator
Meta released an open-source AI-powered music generator to compete with Google. Meta’s MusicGen tool, a demo of which can be found here, can convert a text description (e.g., “An ’80s driving pop song with heavy drums and synth pads in the background”) into about 12 seconds of audio. MusicGen can …
Read More »Hyper, an iPhone-based, VTuber-friendly avatar platform, raises $3.6M from Amazon and others
The most popular VTubers, online personalities who use motion-capture-powered manga- and anime-inspired avatars to interact with the world alongside games, over YouTube, and elsewhere, have hundreds of millions of hours of viewership per month, loyal fan bases, lucrative sponsorships, and demand for more. Big tech appears to be taking notice. …
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