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March 3, 2023, 8:40 PM
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| Erin Woo / The Information: |
Sources: last month, Amazon threatened to withhold payments for advertising it runs on Twitter, as the social network refused to pay its AWS bills for months — Elon Musk is running into an obstacle in his relentless drive to cut costs at Twitter: some of the same vendors that Twitter …
Tweets: @amir and @quinnypig
| Matt Day / Bloomberg: |
Amazon pauses second phase of construction of its HQ2 in Virginia as it reassesses office needs following its deepest-ever job cuts; phase one nears completion — Amazon.com Inc. is pausing construction on its sprawling second headquarters near Washington, a decision that coincides …
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| Wall Street Journal: |
Internal docs detail efforts by Tether Holdings and Bitfinex to maintain access to the global banking system by using shadowy intermediaries and shell companies — Tether Holdings and related crypto broker obscured identities, documents show — In late 2018, the companies behind …
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| Axios: |
Sources: Founders Fund cut Fund VIII, which is expected to start deploying capital in Q2 2023, from ~$1.8B to ~$900M; the money will be pushed to its ninth fund — Founders Fund has quietly cut the size of its eighth venture capital fund in half, from around $1.8 billion to around $900 million, Axios has learned from multiple sources.
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The Information and San Francisco Business Journal
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| Mitchell Clark / The Verge: |
Meta cuts the price of Quest Pro, its mixed and virtual reality headset meant for business users, from $1,500 to $1,000, and its 256GB Quest 2 from $500 to $430 — Mark Zuckerberg has announced that the Meta Quest Pro, the company's mixed and virtual reality headset focused on business users …
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| CoinDesk: |
Silvergate says it's discontinuing the Silvergate Exchange Network, an instant settlement service that its clients could use to move money to crypto exchanges — Crypto bank warned this week about its ability to remain in business. — Silvergate Bank, which warned this week about its ability … | Mitchell Clark / The Verge: |
One month after Elon Musk said Twitter started sharing ad revenue from reply threads with users who pay for Twitter Blue, Twitter has yet to provide any details — “Starting today, Twitter will share ad revenue with creators for ads that appear in their reply threads,” he said …
Mastodon: @jeremyburge@mastodon.world and @Waterloo@mastodon.lol
| Annie Palmer / CNBC: |
Amazon plans to close eight Go convenience stores in Seattle, NYC, and San Francisco, as the company reevaluates its brick-and-mortar strategy and cuts costs — - Amazon is closing eight Go convenience stores in Seattle, New York City and San Francisco. — The company had previously announced …
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Tweets: @rakeshlobster, @tomgara, and @harrymccracken
| Financial Times: |
Sources: Character.AI, a chatbot that generates chats in the style of famous people like Shakespeare, raised $200M-$250M led by a16z at a ~$1B valuation — Pioneering tech venture capital firm makes first big foray into generative artificial intelligence sector
Tweets: @georgenhammond
| Cristiano Lima / Washington Post: |
Sources: Google hired a law firm for a civil rights and racial equity audit into its services and policies, after years of pressure from advocates and Democrats — Advocacy groups have long called on the tech giant to follow companies like Meta and Apple and vet its products for racial biases| New York Times: |
US lawmakers warn about AI, but few are trying regulation and many struggle to understand the tech and its dangers; EU policymakers proposed AI rules in 2021 — Tech innovations are again racing ahead of Washington's ability to regulate them, lawmakers and A.I. experts said.| Erik Schatzker / Bloomberg: |
Coinbase acquires One River, a crypto asset management startup that serves only institutional clients, like pension funds; One River was valued at $186M in 2021 — Coinbase Global Inc., still reeling from a plunge in trading volume on its exchanges, is expanding into a less-volatile corner …
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Cointelegraph, Bitcoin News, LinkedIn, CryptoGlobe, Reuters, crypto.news, Bitcoinist.com, Finextra, The Information, Blockworks, SiliconANGLE, Tech Startups, Ethereum World News, CoinGape, The Block, Cryptopolitan, and CryptoSlate
Tweets: @longconvexity, @kylesgibson, @johnedeaton1, @jeffjohnroberts, and @muyaoshen
| Bloomberg: |
Sources: Stable Diffusion creator Stability AI seeks to raise money at around a $4B valuation after raising a $101M seed at a ~$1B valuation in October 2022 — With artificial intelligence booming, one key player in the fast-growing space is talking to investors about raising more money … Sponsor Posts
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