Techmeme
June 15, 2022, 12:15 PM

Top News

Frank Chaparro / The Block:
Sources: crypto hedge fund Three Arrows Capital faces an uncertain future after a $400M liquidation; CEO Zhu tweeted we are “committed to working this out”  —  The future of crypto hedge fund Three Arrows Capital hangs in the balance as the firm faces potential insolvency after being liquidated by its lenders.
Jon Porter / The Verge:
Carl Pei reveals Nothing phone (1) ahead of its July 12 launch event, saying “leaks are harder to contain nowadays”; more details will be revealed over time  —  Nothing, the consumer tech startup led by OnePlus co-founder Carl Pei, has shown off the rear design of its debut Phone 1 smartphone.
Tim Bradshaw / Financial Times:
Josh Taylor / The Guardian:
Microsoft officially retires Internet Explorer after 27 years, disabling the desktop app and directing users to Edge  —  Company says decision to disable desktop app comes as web developers less likely to make sites compatible with browser, which first graced computers in 1995
Foo Yun Chee / Reuters:
The EU's General Court sides with Qualcomm over the European Commission's $1.05B fine from 2018 for allegedly paying Apple to use only Qualcomm chips  —  U.S. chipmaker Qualcomm (QCOM.O) on Wednesday won its fight against a 997-million-euro ($1.05 billion) fine imposed by EU antitrust …
Wall Street Journal:
Source: crypto lender Celsius Networks is looking for financing options from investors and exploring other strategic alternatives, like financial restructuring  —  Celsius Network, among the largest crypto lenders, has paused user accounts, citing extreme market conditions
Financial Times:
New York Times:
NHTSA data covering July 1, 2021 to May 15, 2022 shows 392 incidents involving driver-assistance tech, including six deaths; Tesla accounted for 273 crashes  —  The National Highway Traffic Safety Administration released data on 10 months of crashes involving systems like Tesla's Autopilot.
Miles Kruppa / Wall Street Journal:
Google says 1.5B people watch YouTube Shorts every month; TikTok said it had 1B MAUs in September 2021, growing to an estimated 1.6B MAUs in March 2022  —  Alphabet's Google discloses Shorts monthly viewership for first time amid heightened competition from TikTok and Instagram Reels
Sydney Maki / Bloomberg:
As crypto markets tank, El Salvador has so far lost ~$56M after President Nayib Bukele bought 2,301 bitcoin, raising concerns about debt repayments  —  An epic rout that has wiped out about two-thirds of Bitcoin's value is exacerbating the debt crisis in the world's most crypto-friendly country.
Stephanie Kirchgaessner / The Guardian:
Sources: US defense contractor L3Harris is in talks with NSO Group to acquire its core tech; White House says such a deal would raise serious security concerns  —  Deal - which would require approval from US and Israel - would give L3Harris control over controversial Pegasus tool
Sergiu Gatlan / BleepingComputer:
Cloudflare says it mitigated a 26M-requests-per-second DDoS attack, the largest HTTPS DDoS attack detected to date, targeting a customer using its Free plan  —  Internet infrastructure firm Cloudflare said today that it mitigated a 26 million request per second distributed denial-of-service …
Brandy Betz / CoinDesk:
Estonia-based NFT infrastructure startup NFTPort has raised a $26M Series A co-led by Taavet+Sten and Atomico to help developers quickly launch NFT apps  —  The round was co-led by Atomico and Taavet+Sten, the investment arm from the co-founders of Wise and Teleport.
Filipe Espósito / 9to5Mac:
Sources: Apple plans to refresh its entry-level iPad with a USB-C port instead of Lightning, an A14 chip, 5G, and an improved display, likely coming in 2022  —  Earlier this year, 9to5Mac exclusively reported that Apple was working on a new generation iPad Air to have the M1 chip and 5G support …
Nilesh Christopher / Rest of World:
A look at Watchdog, a Sri Lanka-based research collective that built a fact-checking app and uses open source data to investigate the country's ongoing crises  —  From protests to power cuts, Watchdog uses open source research to investigate Sri Lanka's ongoing political and economic crisis.
Kyle Wiggers / TechCrunch:
Fountain, which builds tools to help employers track applicants during the interview process, raised $100M led by B Capital at a nearly $1B valuation  —  The “Great Resignation,” the trend where workers are leaving their jobs at a higher-than-usual rate, is continuing unabated.
Saritha Rai / Bloomberg:
Mumbai-based Upgrad, which offers standardized online tests and courses, raises $225M, source says at a $2.25B valuation, up from $1.2B in August 2021  —  An education technology unicorn built by a cable TV-era entrepreneur almost doubled its valuation after raising $225 million in fresh funding …

Sponsor Posts

Tribe AI:
Build AI that works  —  Tribe builds tech for top AI companies.  Get in touch to learn how our bench of 500+ engineers and researchers can accelerate your roadmap.
Kulkan Security:
Hire Kulkan as your penetration testing partner  —  Kulkan prioritizes deep-dive manual security reviews, dissecting your software and infrastructure to find issues that once remediated can truly reduce security risk.
Zoho:
App spotlight: Devart ODBC for Zoho CRM  —  An efficient CRM tool helps sales teams maintain strong customer relationships.  However, for a business to leverage a CRM fully, it needs to be connected with other databases to ensure a smooth two-way data flow.
Mastodon:
Donate to Mastodon  —  Mastodon gGmbH, the non-profit behind the open-source software powering the social web, relies entirely on support from users like you.  Donate directly with a credit card or through Patreon.
The Kevin Rose Show:
How to Cultivate Everyday Dharma, Suneel Gupta (#54)
Gain unconventional wisdom and insights through conversations with top expert in AI, investing, wellness, technology, and culture.
Techmeme Ride Home:
Fri. 04/26 - Net Neutrality Is Back
The day's tech news, every day at 5pm ET. Fifteen minutes and you're up to date.
Subscribe via Apple Podcasts, Spotify, or RSS.
 

About This Page

This is a Techmeme archive page. It shows how the site appeared at 12:15 PM ET, June 15, 2022.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

More News

Earlier Picks

Ash Parrish / The Verge:
Kellen Browning / New York Times:
Mary Ann Azevedo / TechCrunch:
Dan Goodin / Ars Technica:
Wall Street Journal: