August 16, 2022
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Good morning! In an unprecedented move, big Chinese tech companies shared some of their algorithms with China’s internet watchdog. Whether this leads to the U.S. requesting the same info from Big Tech remains to be seen.
Tech companies’ algorithms are typically heavily guarded. But for the first time, China’s internet watchdog released details of how the sausage gets made inside Chinese tech companies. The details are limited, but they’re a good place to start.
The Cyberspace Administration of China released a list of 30 algorithms used by companies including ByteDance and Alibaba, along with a brief description of each algorithm’s purpose.
The list could prompt other governments to request similar information from tech companies.
The next step for the Chinese regulator might be to reign in tech platforms even more. Meanwhile, regulators in the U.S. are just starting to understand how platforms in their own country work.
— Sarah Roach
YouTube is starting a streaming video marketplace, which, if done right, could give a bump to streaming companies as they grapple with slowing subscriber growth.
YouTube is in talks with various streaming services to be included in the “channel store,” as the project is called internally, according to The Wall Street Journal. The store would allow YouTube TV customers to subscribe to different services through the main YouTube app. YouTube TV includes the option to add on a package of subscription services; the channel store would let users subscribe a la carte.
Streaming services could use the boost in subscribers, as customer retention numbers get worse and worse.
The increase in subscribers won’t likely be “game-changing,” Protocol’s Janko Roettgers told me. YouTube’s streaming service buffet would be competing with similar offerings from Amazon, Roku, Apple and now maybe even Walmart.
— Nat Rubio-Licht
How cybercrime is going small time: Cybercrime is often thought of on a relatively large scale. Massive breaches lead to painful financial losses, bankrupting companies and causing untold embarrassment, splashed across the front pages of news websites worldwide.
Amazon's Mark England is accusing the FTC of making unreasonable demands as part of its probe into Amazon Prime:
Ola’s Bhavish Aggarwal said the company is doubling down on EVs:
a16z has invested big money in Adam Neumann’s startup. The rental real estate company called Flow, now valued at $1 billion, is expected to launch next year, and Marc Andreessen will join its board.
Steve Teixeira is Mozilla’s new chief product officer of core products. Teixeira most recently worked at Twitter as VP of product for machine learning and data platforms.
Paul Stamatiou is leaving Kraken, where he was a principal designer for less than a year. Stamatiou spent nearly a decade working on design at Twitter before that.
Kristen Jones is Onfleet's new CRO. She previously held the same role at iControl Data Solutions.
Apple wants workers back in the office beginning Sept. 5. They'll be required in the office on Tuesdays, Thursdays and a third day set by teams.
The company also laid off about 100 contract-based recruiters, sources told Bloomberg. Apple's already slowed hiring.
Elliott Management dropped its stock in Twitter last quarter. The hedge fund pressed for big changes at Twitter at the time it invested in 2020, including Jack Dorsey's resignation.
AppLovin won’t buy Unity after all. The gaming software company turned down AppLovin’s offer and is going ahead with an ironSource merger instead.
Snapchat hit 1 million subscribers for Snapchat+. The platform’s also adding a few new features to the subscription service, like the ability to make Story replies more visible.
Uber Eats and Office Depot partnered on back-to-school shopping. Uber Eats users can now use the platform to order office and school supplies.
HBO Max laid off around 70 employees, or 14% of its staff. It’s part of a bigger restructuring as HBO Max and Discovery+ merge into one streaming service.
Signal said the phone numbers of 1,900 users may have been revealed in a phishing attack on Twilio earlier this month.
Microsoft admitted how badly Sony’s PlayStation 4 beat the Xbox One in sales, the sales gap between the two game consoles being "more than two to one."
Up to 68% of new vehicles sold in the U.S. could be battery-electric by 2035. The race is on to build enough chargers around the country to support them all. But depending on what type of charger is being installed, getting the bureaucratic green light can often take months. Unless things get streamlined, and fast, a much-needed transition away from fossil fuel-burning vehicles could get stuck in the slow lane.
How cybercrime is going small time: People have been swindled since before man created monetary systems. These aren’t new crimes; just new ways to commit them. But as cybercrime increasingly goes small-time, those on the front lines will need new and more effective ways to fight it.
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