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March 3, 2023, 1:35 PM
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memeorandum
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| 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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| Axios: |
Sources: Founders Fund cut the size of its Fund VIII, which hasn't begun deploying capital, 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.
Tweets: @samirkaji, @curiousjorge65, @immad, @tmrohan, @danprimack, @danprimack, @pitdesi, @danprimack, and @cortessteve
| Mitchell Clark / The Verge: |
Meta cuts the price of Quest Pro, its mixed and virtual reality headset focused on business users, from $1,500 to $1,000; 256GB Quest 2 drops 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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| Bloomberg: |
Sources: Foxconn plans to invest ~$700M on a new plant to make iPhone parts on a 300-acre site in Bengaluru, India; the plant is expected to create 100K jobs — Apple Inc. partner Foxconn Technology Group plans to invest about $700 million on a new plant in India to ramp up local production …
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| New York Times: |
Few US lawmakers are taking action to regulate AI, as many struggle to understand the technology and its dangers, unlike the EU which 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 buys One River, a crypto asset management startup that serves only institutional clients such as 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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| Ivan Mehta / TechCrunch: |
Brave Search launches Summarizer, which provides a synopsis of search results for some queries using its own LLM trained to fight “unsubstantiated assertions” — It is raining AI-powered features all across search engines. Today, Brave Search launched a new “Summarizer” … | Washington Post: |
US civil liberties and digital rights groups are speaking out against calls to ban TikTok, arguing the move would violate users' First Amendment rights — Happy Thursday! If you've ever thought some people in Washington should be in straitjackets, well, I guess you got your wish.
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| Madhumita Murgia / Financial Times: |
Sources: Inflection AI, founded by LinkedIn's Reid Hoffman and DeepMind's Mustafa Suleyman, is in talks to raise up to $675M, after raising $225M in May 2022 — DeepMind co-founder Mustafa Suleyman and LinkedIn Creator Reid Hoffman's start-up is building a personal assistant for the web
Tweets: @daniele_manca
| Jeff Horwitz / Wall Street Journal: |
Meta plans to fully or partly implement 26 of the Oversight Board's 32 recommendations for its VIP cross-check system, including regular transparency reports — Meta Platforms accepts most recommendations from its oversight board, but rejects key provisions| Amanda Darrach / Columbia Journalism Review: |
Q&A with former NYT photo editor Fred Ritchin on AI destroying the credibility of the photo, ensuring readers understand if an image is manipulated, and more — In recent years, artificial intelligence engineers have used millions of real photographs—taken by journalists all over the world …
Tweets: @vcaivano
| Mia Sato / The Verge: |
CNET EIC Connie Guglielmo, who defended CNET writing articles using AI tools, steps down to become Red Ventures' SVP of AI content strategy and editor-at-large — Following monthslong questions about how CNET uses artificial intelligence tools, longtime CNET editor-in-chief Connie Guglielmo …
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The Social Radars:
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Come be a fly on the wall as Y Combinator's Jessica Livingston and Carolynn Levy talk to some of the most successful founders in Silicon Valley about how they did it.
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