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July 14, 2022, 8:10 AM
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CNBC:
Celsius files for Chapter 11 bankruptcy protection in New York, declaring assets and liabilities between $1B and $10B, plus $167M in cash on hand for operations  —  - Crypto company Celsius has started the process of filing for Chapter 11 bankruptcy protection.
Financial Times:
Former staff and internal documents detail Celsius' implosion; its own compliance unit warned of poor oversight and misrepresentation of financial information  —  When Daniel Leon, one of the founders of Celsius Network, posted a Twitter video addressed to Warren Buffett in January 2021, he was in high spirits.
Bloomberg:
Celsius has repaid $900M+ in debt to DeFi platforms while its customer withdrawal freeze enters a full month, raising a legal debate on who should be paid first
Lora Kolodny / CNBC:
Tesla Senior Director of AI Andrej Karpathy says he is leaving the company after about five years; Karpathy led the computer vision team for Tesla Autopilot  —  - Tesla's AI leader Andrej Karpathy announced on Wednesday that he is leaving the company.  — Karpathy worked …
Sam Biddle / The Intercept:
Amazon gave police Ring camera footage 11 times in 2022 without a warrant or permission from Ring owners, saying it sometimes makes a “good-faith determination”  —  Ring, Amazon's perennially controversial and police-friendly surveillance subsidiary, has long defended …
The Verge:
Netflix names Microsoft as its “global advertising technology and sales partner” for its upcoming ad-supported streaming tier, rumored to arrive later in 2022  —  Microsoft will become Netflix's ‘global advertising technology and sales partner’  —  Netflix is partnering …
Frederic Lardinois / TechCrunch:
Google Cloud announces a preview of Tau T2A, its first ARM-based virtual machines powered by Ampere Altra, with up to 48 vCPUs, each with up to 4GB of memory  —  It's been a long time coming, but Google Cloud today announced its first Arm-based VMs, following AWS, with its Graviton instances …
Annabelle Dickson / Politico:
Source: UK's Online Safety Bill is expected to be dropped from parliamentary schedule next week, delaying it until the fall, after Boris Johnson's resignation  —  LONDON — Progress on Britain's proposed new content regulation law is expected to be delayed until the fall …
Prarthana Prakash / Bloomberg:
Over 500 women across the US sue Uber for sexual assault by some drivers, alleging the company knew about sexual misconduct on rides, including rape, since 2014  —  Uber Technologies Inc. is being sued by more than 500 women across the US who claim to have been assaulted by drivers on the platform.
Joanna Ossinger / Bloomberg:
JPMorgan: bitcoin's production cost dropped from ~$24K at the start of June to ~$13K now, as miners seek profitability by deploying more efficient mining rigs  —  Bitcoin's cost of production has dropped from about $24,000 at the start of June to around $13,000 now, which may be seen …
Matt Burgess / Wired:
A look at pro-Russian hacktivist group Killnet, which has launched DDoS attacks against websites in countries supporting Ukraine, including Germany and the US  —  The pro-Russian group Killnet is targeting countries supporting Ukraine.  It has declared “war” against 10 nations.
More: SC Media
Kate Park / TechCrunch:
Kakao says it will remove an external payment link from its KakaoTalk messaging app on Play Store, after Google blocked it from issuing updates on July 6  —  South Korean messaging giant Kakao confirmed today it will remove an external payment option after Google blocked the South Korean company behind KakaoTalk from issuing updates.
Amanda Morris / New York Times:
Many blind users say automated accessibility tools, which are popular due to advances in AI and new legal pressures on companies, make websites harder to use  —  Companies say their A.I.-powered tools are the best way to fix accessibility problems online, but many blind people find they make websites harder to use.
More: Slashdot

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This is a Techmeme archive page. It shows how the site appeared at 8:10 AM ET, July 14, 2022.

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From Mediagazer

Hadas Gold / CNN:
Anthropic is running Super Bowl ads criticizing ads in chatbots, prompting a public response from OpenAI CEO Sam Altman defending plans for ads in ChatGPT

New York Times:
President Trump deletes a racist video of the Obamas shared on his Truth Social feed after an outcry from some Republicans, despite the WH earlier defending it

Financial Times:
Sources: WaPo is losing about $100M per year but aiming to break even by the end of 2026, which could unlock fresh funding from Jeff Bezos

More News

Earlier Picks

Bloomberg:
An in-depth look at the rise and fall of crypto hedge fund Three Arrows Capital, whose founders Su Zhu and Kyle Davies bet everything on prices only going up
Ingrid Lunden / TechCrunch:
Unity plans to merge with app monetization service ironSource, valued at $4.4B in the all-stock deal; Silver Lake and Sequoia will invest $1B after the merger
Sarah Perez / TechCrunch:
TikTok unveils Content Levels, a content classifying system like age ratings in films, and plans to let users filter out videos with certain words or hashtags
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