Bitcoin traders don’t care if we’re in a recession or not

I’ve scoured the internet to find you today’s funniest/important/scariest/fascinating stories about technology.

1 Bitcoin traders don’t care about a recession
The debate over the definition of a recession, and whether we are one, feels like a distraction. (CoinDesk)
+ Technically, the United States may now be in a recession, but much of the economy remains strong. (The Guardian)
+ Here’s why the popular definition of a recession isn’t official. (Atlantic $)
+ Bitcoin’s value heads for its best month since 2021. (Bloomberg $)

2 Iran is ramping up drone production
He wants to sell them to foreign buyers, including Russia. (NYT $)
+ Why business is booming for military AI startups. (MIT Technology Review)

3 The CHIPS Act will not solve the shortage of semiconductors
Partly because the shortage seems to be easing anyway. (Recode)
+ The multi-billion package must be invested wisely. (Wired $)
+ Chipmakers say they urgently need the subsidies promised by the bill. (FT $)

4 Democrats didn’t release a deepfake video of Joe Biden
Despite all the efforts of conspiracy theorists to convince the Internet. (BBC)
+ The biggest threat from deepfakes is not the deepfakes themselves. (MIT Technology Review)

5 Online outrage is performative and fleeting
Refusing to stoop to their level can make the whole thing less boring to deal with. (Atlantic $)

6 sticky patches could revolutionize the way we take ultrasounds
Patients could wear them at home, instead of attending hospital appointments. (The Guardian)

7 Virtual Idols From China Are Burned
Their adoring fans don’t always consider the humans behind the animations. (Rest of the world)
+ How China’s Biggest Online Influencers Fell From Their Throne. (MIT Technology Review)

8 TikTok Is Driven By Strangers, Not Friends
The platform rejected the social model defended by Facebook, with great success. (New Yorker $)
+ Instagram has timidly (and only temporarily) pulled back some of its much-hated recent changes. (NYT $)
+ Facebook has pledged to double the amount of AI-recommended feed content. (Motherboard)
+ Snap and TikTok offer richer and more interesting recommendations than Google. (Slate)

9 This Aging Research Institute Wants To Help You Live Better, Not Longer
But the shadow of the promise of immortality hangs over. (Neo.Life)
+ Saudi Arabia plans to spend $1 billion a year to discover treatments to slow aging. (MIT Technology Review)

10 Meet the humans who keep the cloud online ☁️
Often under incredibly harsh conditions. (infinite time)

quote of the day

“What frustrates me the most is when I am accused of twisting the truth. As meteorologists, we report facts. There is no conspiracy.”

—Meteorologist and weather presenter Tomasz Schafernaker tells his employer, the BBCabout his frustration with the online abuse he received from climate change deniers during the recent severe heatwave in the UK.

The big story

Meet the Injured Veteran Who Underwent a Penis Transplant

October 2019