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March 3, 2023, 5:20 PM
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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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SiliconANGLE, Washington Post, New York Times, CNBC, Axios, TechCrunch, NBC News, CNET, Wired, Associated Press, Engadget, CV CREW NEWSLETTER …, 9to5Mac, Boondoggle, Gizmodo, Financial Times, CNN, Slashdot, GeekWire, ARLnow.com, WRAL TechWire, The Information, Technical.ly, and Reuters
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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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CoinDesk, PYMNTS.com, Decrypt, CryptoSlate, and CoinGape
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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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| 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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| 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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| Bloomberg: |
Sources: Foxconn plans to invest ~$700M to build a plant for 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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Tweets: @economictimes, @peterzeihan, @akams_, @radcentrism, and @joshipralhad
| 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.| 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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GeekWire, Seattle Business Journal, Gizmodo, The Information, Bloomberg, and Fortune. Tweets: @rakeshlobster
| 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| Paul Alcorn / Tom's Hardware: |
Intel moves to a two-year cadence for data center GPU releases, canceling the Rialto Bridge series and delaying its next release, Falcon Shores, to 2025 — Intel takes its GPU ambitions down a notch. — Image 1 of 2 — Intel's VP and GM of the super compute group announced today via … | Ivan Mehta / TechCrunch: |
Brave Search debuts Summarizer, a feature that offers a search results synopsis for some queries using Brave's LLM trained to fight “unsubstantiated assertions” — It is raining AI-powered features all across search engines. Today, Brave Search launched a new “Summarizer” …
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Tweets: @clementdelangue, @davidlee, @brave, @stshank, and @brave
| Financial Times: |
Sources: Character.AI, which uses LLMs to let users chat with famous people like Shakespeare, raised between $200M and $250M led by a16z at a ~$1B valuation — Pioneering tech venture capital firm makes first big foray into generative artificial intelligence sectorSponsor Posts
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