TNB Tech Minute: Google News Czar Resigns as Friction With Publishers Continues

WSJ Tech News Briefing

The Wall Street Journal

News, Tech News

4.6 • 1.6K Ratings

🗓️ 11 November 2024

⏱️ 2 minutes

🔗️ Recording | iTunes | RSS

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Summary

Plus, Tencent builds another Indonesian data center. And FTX’s estate sues Binance for $1.8 billion. James Rundle hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	How do airplanes fly? What's in this box? What does this thing do?
0:05.4	Kids are curious about everything, including guns. Learn how to store your gun securely and make your home safer at nfamilyfire.org.
0:12.8	Brought to you by NFamily Fire, Brady and the ad council.
0:16.6	Here's your TMB Tech Minute for Monday, November the 11th. I'm James Rundle for the Wall Street Journal.
0:22.8	We're exclusively reporting that a Google executive hired to lead the company's relationships
0:27.1	with news publishers has resigned. That's according to people familiar with the situation.
0:31.7	Shaylish Prakash, Vice President and General Manager for Google News, joined the company in 2022 from
0:37.2	The Washington Post.
0:38.8	He brought an inside view of publishers' frustrations as newsrooms have battled with the
0:42.7	search giant over compensation for the use of their content. A current point of contention
0:47.4	between publishers and Google is the advent of generative AI. Google declined to comment on
0:52.2	Prokash's departure. Meanwhile, Chinese tech giant Tencent Holdings is building a third data center in Indonesia
0:59.1	amid a wave of trade agreements between the nation and China.
1:03.3	Tencent has committed to around $500 million of investment in Southeast Asia's largest economy by 2030,
1:10.0	according to a joint statement.
1:12.1	And FTX's bankruptcy estate is suing cryptocurrency exchange Binance to recover almost $1.8 billion.
1:19.9	FTX had sold a 20% stake in the company to Binance executives in 2019.
1:25.3	Alameda Research, a trading firm owned by FTCS CEO, Sam Bankwood-Fried, bought it back in 2019. Alameda Research, a trading firm owned by FTX CEO, Sam Bankwood-Fried, bought it back in
1:31.0	2021 using customer funds from FTX. The FTX estate argues that as the transaction was fraudulent,
1:38.1	it should be able to claw back the money. Binance described the lawsuit's claims as meritless
1:42.5	and said it would defend itself.
1:48.9	For a deeper dive into what's happening in tech, check out Tuesday's Tech News Briefing podcast.
	...

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