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July 14, 2022, 8:10 AM
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Top News

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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About This Page

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

From Mediagazer

Katie Deighton / Wall Street Journal:
WME is selling sports marketing agency 160over90 to Publicis Groupe for, sources say, $500M+; WME bought the agency in 2018 for about $200M

Charlotte Tobitt / Press Gazette:
An interview with WSJ EIC Emma Tucker on increasing digital-only subscriptions by 30% to 4.29M since 2023, culture change, events, print, AI tools, and more

Reuters:
Australia says it will ban gambling ads featuring celebrities and limit online gambling ads to logged-in users over 18 starting in 2027

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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