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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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Mastodon: @elkmovie@mastodon.social. Tweets: @mattmday, @sengianaris, @aoc, @dceiver, @eliotwb, @igorbobic, @g_meslin, @davidclinchnews, @pat_garofalo, @producercities, @karlbode, @jangelooff, @ylanmui, @danprimack, @danrshafer, @hshaban, @waltmossberg, @elwasson, @themaxburns, @biancoresearch, and @nkulw
| 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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San Francisco Business Journal. Tweets: @danprimack, @meghankreynolds, @mayazi, @immad, @samirkaji, @tmrohan, @danprimack, @danprimack, @pitdesi, @darian314, @curiousjorge65, and @cortessteve
| 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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| 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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IDrive:
Protecting your Cloud Applications Data — Backing up Office 365, Google Workspace, Dropbox & Box data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.
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Hard Fork:
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