| Wall Street Journal: |
Binance says the NYDFS ordered Paxos to stop issuing more of its Binance USD stablecoin, which has 6.2M holders; Paxos will continue redemptions — Firm will continue to manage redemptions of the product — New York regulators directed a crypto company to stop issuing … | Wall Street Journal: |
Sources: the SEC told Paxos the agency plans to sue the crypto firm, alleging the Binance USD stablecoin that Paxos issues and lists is an unregistered security — The agency has been intensifying its enforcement of major crypto players — The Securities and Exchange Commission … | Mark Gurman / Bloomberg: |
Inside Apple's push to build new financial services, which have suffered from engineering and technical setbacks, leading to slow progress and missed deadlines — Apple's slate of new financial services — including “buy now, pay later” offerings, savings accounts and an iPhone subscription program — have hit delays.| Tiffany Hsu / New York Times: |
How a slowing digital ad market, Apple's ATT changes, tech companies' internal turmoil, weak content moderation, and more are contributing to a junk ad epidemic — Scrolling past ads has rarely been enjoyable. But in recent months, people say the experience seems so much worse.| Jonathan Vanian / CNBC: |
| Kat Tenbarge / NBC News: |
Sex educators, adult stars, and sex workers complain about Instagram, saying Meta's moderation has gotten more punitive and less predictable since SESTA-FOSTA — Cherie DeVille lives in perpetual fear of losing her 3.7 million Instagram followers. — DeVille is a well-known porn star who also has an OnlyFans account.| Emma Roth / The Verge: |
Opera is testing a new ChatGPT-powered “shorten” feature in its browser's sidebar that generates bulleted summaries of the webpage or article being viewed — The feature, called “shorten,” is part of the company's broader plans to integrate AI tools into its browser, similar to what Microsoft's doing with Edge.| Wall Street Journal: |
IDC: ByteDance's Pico more than tripled its share of the global VR market YoY to ~15% by Q3 2022 while Meta's share fell from 90% to ~75% in the same period — Pico, owned by ByteDance, has increased shipments of VR headsets as it attempts to compete with Meta's Quest 2 — How TikTok Could Become a U.S. Company| Max Tani / Semafor: |
A look back at Spotify betting hundreds of millions of dollars on podcasts, which CFO Paul Vogel says were a “big drag on our business in 2022” — By 2021, Spotify had paid to sign some of the biggest names in podcasting, and it was ready to start squeezing its competitors.| Benj Edwards / Ars Technica: |
A Stanford student used a prompt injection attack to reveal Bing Chat's codename Sydney and its initial prompt that governs how the service interacts with users — By asking “Sydney” to ignore previous instructions, it reveals its original directives. — On Tuesday, Microsoft revealed a … | Wired: |
Publishers worry that Microsoft's and Google's search chatbots, which summarize key info from articles, may undermine their businesses and spread misinformation — Microsoft's new search interface can serve up key information from articles, removing the need to click—and potentially undermining publisher business models.| Financial Times: |
Tracxn: foreign VC funding in Indian tech startups fell nearly 40% YoY to $25.7B in 2022; Tiger Global, SoftBank, and Sequoia more than halved their investments — Foreign venture capital investment dropped 40% in 2022 and IPO pipeline has dried up — Tech investors in India are struggling … | Steve Nadis / Quanta Magazine: |
A look at “liquid” neural nets, which change their underlying algorithms based on observed inputs, making them more flexible than standard ML neural networks — “Liquid” neural nets, based on a worm's nervous system, can transform their underlying algorithms on the fly, giving them unprecedented speed and adaptability.
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| Jennifer Elias / CNBC: |
| Kirsten Grind / Wall Street Journal: |
| Clare Duffy / CNN: |
| Charlotte Van Campenhout / Reuters: |