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Microsoft attributes recent zero-day attacks on the MOVEit Transfer tool to the Clop ransomware gang; responders say the gang can take weeks to issue demands (Lawrence Abrams/BleepingComputer)

Lawrence Abrams / BleepingComputer: Microsoft attributes recent zero-day attacks on the MOVEit Transfer tool to the Clop ransomware gang; responders say the gang can take weeks to issue demands  —  Microsoft has linked the Clop ransomware gang to recent attacks exploiting a zero-day vulnerability in the MOVEit Transfer platform to steal data from organizations.

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Tech layoffs, compounded by rising interest rates and inflation, lead to high unemployment levels and falling wages in California, Oregon, and Washington (Wall Street Journal)

Wall Street Journal: Tech layoffs, compounded by rising interest rates and inflation, lead to high unemployment levels and falling wages in California, Oregon, and Washington  —  California, Oregon and Washington have some of the nation’s highest jobless rates  —  The West Coast tech downturn is sending …

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Bank records: Binance executive Guangying Chen controlled five Silvergate Bank accounts from 2019 to 2020 belonging to its purportedly independent US affiliate (Reuters)

Reuters: Bank records: Binance executive Guangying Chen controlled five Silvergate Bank accounts from 2019 to 2020 belonging to its purportedly independent US affiliate  —  A senior Binance executive was the main operator for five bank accounts belonging to the giant cryptocurrency exchange’s purportedly …

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Spotify plans to cut ~200 jobs, or 2% of its staff, at its podcast unit, combines Parcast and Gimlet into Spotify Studios, and reports 100M+ podcast listeners (Sahar Elhabashi/Spotify)

Sahar Elhabashi / Spotify: Spotify plans to cut ~200 jobs, or 2% of its staff, at its podcast unit, combines Parcast and Gimlet into Spotify Studios, and reports 100M+ podcast listeners  —  Below is an adaptation of an internal update on Spotify’s Podcast Business from Sahar Elhabashi, VP, Head of Podcast Business.

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To protest API pricing for third-party Reddit apps, r/videos, r/reactiongifs, r/earthporn, and other large subreddits plan to go private on June 12 for 48 hours (Jon Porter/The Verge)

Jon Porter / The Verge: To protest API pricing for third-party Reddit apps, r/videos, r/reactiongifs, r/earthporn, and other large subreddits plan to go private on June 12 for 48 hours  —  Some of Reddit’s biggest communities including r/videos, r/reactiongifs, r/earthporn, and r/lifeprotips are planning to set themselves …

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Hands-on with Google’s Search Generative Experience: answers are slow to load and often include unnecessary details, error messages for simple queries, and more (Jay Peters/The Verge)

Jay Peters / The Verge: Hands-on with Google’s Search Generative Experience: answers are slow to load and often include unnecessary details, error messages for simple queries, and more  —  Why wait for an AI-generated summary when I can just scroll down the page? … The worst thing about Google’s …

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Internal document: Twitter’s US ad revenue from April 1 to the start of May dropped 59% YoY to $88M; sources say that performance is unlikely to improve soon (New York Times)

New York Times: Internal document: Twitter’s US ad revenue from April 1 to the start of May dropped 59% YoY to $88M; sources say that performance is unlikely to improve soon  —  In internal forecasts, the company projected that ad sales would keep declining, handing a tough challenge to its new chief executive.

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Getting started with MQTT in Azure Event Grid

MQTT is an important technology for the industrial internet of things (IIoT), building on concepts from IBM’s venerable MQ Series message queue technology. MQTT was initially designed to deliver telemetry from SCADA control systems, with IBM handing the protocol over to the OASIS standards body in 2013. The standard is deliberately intended to evolve slowly,

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Bitcoin developers feud over whether to stamp out memecoins, which have swarmed the network, led to an 11x spike in fees in May 2023, and created a logjam (Sidhartha Shukla/Bloomberg)

Sidhartha Shukla / Bloomberg: Bitcoin developers feud over whether to stamp out memecoins, which have swarmed the network, led to an 11x spike in fees in May 2023, and created a logjam  —  The coders who maintain Bitcoin’s blockchain are clashing over whether to stamp out the meme tokens swarming the network.

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An interview with sci-fi writer Ted Chiang on AI’s limits, how current machines lack consciousness, his 2010 book The Lifecycle of Software Objects, and more (Madhumita Murgia/Financial Times)

Madhumita Murgia / Financial Times: An interview with sci-fi writer Ted Chiang on AI’s limits, how current machines lack consciousness, his 2010 book The Lifecycle of Software Objects, and more  —  The visionary author on the limits of AI, the uses of science fiction — and why there’s a ‘market opportunity for volleyballs’

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An interview with Grab CEO Anthony Tan, who expects the company to break even in 2023 with $2.2B in revenue, on his super-app vision, social impact, and more (Charlie Campbell/TIME)

Charlie Campbell / TIME: An interview with Grab CEO Anthony Tan, who expects the company to break even in 2023 with $2.2B in revenue, on his super-app vision, social impact, and more  —  The lunchtime rush is just bubbling at Kedai Kopi hawker center in Singapore’s Clementi neighborhood when Anthony Tan strolls in.

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Policymakers should not let tech executives shape the narrative that companies are best placed to regulate AI and should instead rely on independent oversight (Marietje Schaake/Financial Times)

Marietje Schaake / Financial Times: Policymakers should not let tech executives shape the narrative that companies are best placed to regulate AI and should instead rely on independent oversight  —  Policymakers must not let complexity stop them from doing their job  —  The writer is international policy director …

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