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Twitter rebrands to ‘X,’ hackers infect Call of Duty, and foreign visitors to China go cashless on July 29, 2023 at 8:15 pm

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Hey, friends, welcome to Week in Review (WiR), TechCrunch’s roundup of the week in tech news. Life getting in the way of your daily TechCrunch habit? Not to worry. WiR will get you caught up in no time.

This week, WiR covers the improving quality of AI porn generators and the ethical dilemmas they raise; Twitter rebranding to “X”; and hackers infecting Call of Duty with self-spreading malware. Elsewhere, we dive into a North Korean hacking group, foreign Chinese visitors’ newfound ability to go cashless, and the rollout of Sam Altman’s Worldcoin eyeball-scanning crypto project.

As always, it’s a lot to get to, so let’s not delay. But first, a reminder that if you haven’t already, sign up here to get WiR in your inbox every Saturday.

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Twitter rebrands to “X”: This week, Twitter removed its iconic bird logo and adopted “X” as its new official branding. The move, which Elon Musk announced over the weekend, is a harbinger of the platform’s shift — perhaps more aspirational than concrete — to deemphasize text tweets in favor of audio, video, messaging and payment and banking.

Now it’s my X: Twitter’s rebranding to X hasn’t been faring exceptionally well. In addition to a haphazard rollout that saw parts of the site referencing “X” while others still implored you to “search Twitter” or push a blue button to “Tweet,” the company didn’t even make an attempt to secure the @x Twitter handle, owned by Gene X Hwang of the corporate photography and videography studio Orange Photography. Twitter later wrested control of the handle without notifying or compensating Hwang.

Hackers infect Call of Duty: Hackers are infecting players of an old Call of Duty game, Modern Warfare 2, with a worm that spreads automatically in online lobbies. As Lorenzo writes, Modern Warfare 2 was released quite a bit ago — 2009 — but still has a small community of players. Call of Duty publisher Activision said in a tweet that it would bring the Steam version of the game offline as it “investigates report of [the] issue.”

Foreign visitors to China go cashless: This week, China’s two dominant mobile payment solutions, WeChat Pay and Alipay, announced that foreign users can now pay at Chinese retailers by linking their foreign credit cards, including Visa, Mastercard and Discover. Previously, using WeChat Pay and Alipay in China required a local bank account, making it challenging for short-term visitors to use these payment methods.

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Worldcoin launches its eyeball-scanning project: Worldcoin, Sam Altman’s audacious eyeball-scanning crypto startup, has begun the global rollout of its services to help build a reliable solution for distinguishing humans from AI online. People can download World App, the startup’s protocol-compatible wallet software, and visit an Orb, Worldcoin’s helmet-shaped eyeball-scanning verification device, to receive a unique “World ID.”

North Korean hackers expose themselves: Security researchers say they have high confidence that North Korean hackers were behind a recent intrusion at enterprise software company JumpCloud because of a mistake the hackers made. Mandiant, which is assisting one of JumpCloud’s affected customers, attributed the breach to hackers working for North Korea’s Reconnaissance General Bureau, or RGB, a hacking unit that targets cryptocurrency companies and steals passwords from executives and security teams.

Waymo puts the brakes on trucks: Waymo is tapping the brakes on self-driving trucks and shifting most of its capital, resources and talent to one commercial bet: ride-hailing. Kirsten writes that the move, which was announced Wednesday in a company blog post, comes six years after Waymo first tested its autonomous vehicle system in Class 8 trucks. The company emphasized the decision was driven by the commercial opportunities in applying its autonomous vehicle technology to ride-hailing.

SEC probes Bolt ex-CEO: Ryan Breslow, co-founder of the e-commerce software outfit Bolt, was subpoenaed along with the company last year by the U.S. Securities and Exchange Commission, Christine reported this week. A letter authored in April by a lawyer representing Bolt investors said the SEC was investigating whether federal securities laws were violated in connection with statements made when Bolt was raising money in 2021.

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In need of a podcast to fill the hours? You’re in luck. TechCrunch has a roster of new episodes to keep you both entertained and informed.

On Equity this week, the crew dug through the headlines of the past few days, starting with AngelList’s acquisition of Nova, Waymo steering toward robotaxis and the latest on interest rates from the Fed. They also touched on earnings for Big Tech and how more limited partner capital can funnel into diverse venture funds.

Found featured a conversation with Mandy Price, the co-founder and CEO at Kanarys, a software-as-a-service startup that helps companies tackle their diversity and inclusion problems with data. Mandy talked about why she started the company after a decade-long career as a lawyer and why she didn’t want Kanarys to just be focused on hiring metrics, as many other diversity, equity and inclusion platforms are.

And on Chain Reaction, Deana Burke and Natasha Hoskins, the co-founders of Boys Club, spoke about their social decentralized autonomous organization for the “crypto curious.” Originally designed to get women and nonbinary people into the web3 world, Boys Club now aims to be an open space for anyone looking to get into the space.

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TC+ subscribers get access to in-depth commentary, analysis and surveys — which you know if you’re already a subscriber. If you’re not, consider signing up. Here are a few highlights from this week:

Why SAFE rounds are safe: SAFEs, simple agreements for future equity, have long been touted as a founder-friendly structure for signing venture deals. But is it really fair to call them that? Rebecca investigates.

Positivity in the face of toxicity: Dominic writes about how prioritizing positive company culture is just as important — or at least, should be as important — as investor returns.

Playing the long AI game: Microsoft’s and Alphabet’s results indicate the AI game is more of a long-term strategy, Alex writes.

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Get your TechCrunch fix IRL. Join us at Disrupt 2023 in San Francisco this September to immerse yourself in all things startup. From headline interviews to intimate roundtables to a jam-packed startup expo floor, there’s something for everyone at Disrupt. Save up to $600 when you buy your pass now through August 11, and save 15% on top of that with promo code WIR. Learn more.

​ Hey, friends, welcome to Week in Review (WiR), TechCrunch’s roundup of the week in tech news. Life getting in the way of your daily TechCrunch habit? Not to worry. WiR will get you caught up in no time. This week, WiR covers the improving quality of AI porn generators and the ethical dilemmas they raise; 

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Humans Need Not Apply: The AI Candidate Promising to Disrupt Democracy

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The rise of AI Steve, the artificial intelligence candidate running for a seat in the UK Parliament, has sparked a heated debate about the role of AI in governance and the potential disruption it could bring to traditional democratic processes.

Steven Endacott, the human force behind AI Steve, envisions his AI co-pilot as a conduit for direct democracy, enabling constituents to engage with the AI, share concerns, and shape its policy platform through a voting system of “validators.” Endacott has pledged to vote in Parliament according to the AI’s constituent-driven platform, even if it conflicts with his personal views.

Proponents argue that AI Steve can revolutionize politics by bringing more voices into the process and ensuring that policies truly reflect the will of the people. They claim that an AI candidate can engage in up to 10,000 conversations simultaneously, allowing for unprecedented levels of public participation and input.

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However, critics raise valid concerns about transparency, accountability, and the potential for AI systems to be manipulated or influenced by their creators, data limitations, or external actors. There are also questions about whether an AI can fully grasp the nuances and human elements involved in complex political issues.

Some argue that AI Steve is merely a clever marketing ploy to garner attention and votes, rather than a genuine effort to “humanize” politics. There are fears that the use of AI in elections could undermine faith in electoral outcomes and democratic processes if voters become aware of potential scams or manipulation.

 

Beyond the specific case of AI Steve, the rise of AI candidates and the increasing use of AI in political campaigns and elections raise broader questions about the integrity of democratic systems and the need for effective regulations and guidelines.

Anti-democratic actors and authoritarian regimes may seek to exploit AI technologies for censorship, surveillance, and suppressing dissent under the guise of enhancing governance. There are also concerns about the potential for an “AI arms race” between political parties to develop and deploy the most sophisticated AI technologies, further eroding public trust.

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As AI tools become more advanced and accessible, upholding electoral integrity will require proactive efforts to establish guardrails, transparency measures, and accountability frameworks around their use in politics. Policymakers, advocates, and citizens must work together to ensure that AI is leveraged as a force for a better and more inclusive democracy, rather than a tool for manipulation or consolidation of power.

The rise of AI candidates like AI Steve serves as a wake-up call for democratic societies to grapple with the implications of artificial intelligence in governance and to strike the right balance between harnessing its potential benefits and mitigating its risks to the democratic process.

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Saudi Arabia Says ‘Thank You, Next’ to the US Dollar

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Saudi Arabia is reportedly considering abandoning the US dollar for oil trade settlements, a move that could shake the foundations of the global financial system. For decades, the petrodollar system has propped up the dollar’s status as the world’s reserve currency, with Saudi Arabia insisting on dollar payments for its vast oil exports.

However, recent comments from Saudi officials hint at exploring alternatives to the dollar amid growing tensions with the US over various geopolitical issues and the rise of economic powerhouses like China.

Implications of a Petrodollar Shift

If Saudi Arabia abandons the petrodollar, the implications could be significant:

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1. Dollar Dominance Eroded: The dollar’s reserve currency status could weaken, potentially leading to a decline in its value.
2. Global Financial Instability: A sudden shift could trigger volatility in global markets as investors adjust portfolios.
3. Geopolitical Realignment: The move could signal Saudi alignment with China and challenge US economic hegemony.

Challenges and Uncertainties

While the prospect is significant, challenges remain:

1. Finding a suitable alternative currency with the dollar’s liquidity and stability.
2. Potential economic disruption for Saudi Arabia and trading partners.
3. Political backlash and strained relations with the US and allies.

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As the world watches, it remains uncertain whether Saudi Arabia’s comments signal a negotiating tactic or a profound shift in the global financial order.

 

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X Opens the Door to Adult Content With New Policy

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X, the social media platform formerly known as Twitter, has made a significant policy shift by officially permitting adult content on its platform with some restrictions and guidelines.

In an update to its rules, X stated that users can now share “consensually produced and distributed adult nudity or sexual behavior” as long as it is properly labeled and not prominently displayed in areas like profile pictures or header images.

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“We recognize that many of our users are adults who want to freely express themselves by sharing legal adult content,” said an X spokesperson. “At the same time, we have a responsibility to protect minors and prevent exposure to explicit material without proper labeling.”

Under the new guidelines, users who “regularly post” adult content must adjust their settings to automatically mark images and videos as sensitive content, which blurs or hides the media by default. By default, users under 18 or who haven’t entered their birth date cannot view this sensitive adult content.

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The policy prohibits content “promoting exploitation, nonconsent, objectification, sexualization or harm to minors, and obscene behaviors.” It applies to all adult content, whether photographic, animated, or AI-generated.

X has stated that it will monitor user-generated content and adjust account settings for those who fail to properly mark pornographic posts. Similar rules and enforcement will apply to violent content as well.

The move aligns X with Apple’s app store guidelines, which allow apps with adult content as long as it is hidden by default and behind proper age gates and content warnings.

While adult content was already present on X, this policy update officially permits and regulates it, aiming to balance freedom of expression for consenting adults with protecting minors from exposure to explicit material.

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However, enforcing these rules consistently may prove challenging for X’s reduced content moderation teams following recent layoffs and cost-cutting measures.

The policy shift has drawn mixed reactions, with some praising X for embracing adult expression while others raise concerns about the potential for the platform to become inundated with pornographic content despite the restrictions.

As X navigates this new territory, the effectiveness of its labeling requirements, age verification measures, and content moderation efforts will be closely watched by users, regulators, and advocacy groups alike.

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