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March 3, 2023, 7:45 PM
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memeorandum
WeSmirchTop News
| 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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Washington Post, CNBC, Axios, USA Today, SiliconANGLE, Associated Press, Mashable, New York Times, Wired, ARLnow.com, TechCrunch, CNN, Financial Times, NBC News, Engadget, Boondoggle, WRAL TechWire, 9to5Mac, The Information, GeekWire, CV CREW NEWSLETTER …, CNET, Gizmodo, Technical.ly, Slashdot, 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, Decrypt, PYMNTS.com, 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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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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meta.com, Insider, UploadVR, CNN, Bloomberg, CNET, CNBC, VRScout, TechSpot, Social Media Today, ExtremeTech, Neowin, PCMag, KitGuru, TechRadar, BGR, KnowTechie, Android Central, Mashable, Polygon, XDA Developers, Game Developer, Thurrott, BigTechWire, Engadget, Gizmodo, Reuters, SlashGear, Road to VR, Laptop Mag, Dexerto, Digital Trends, and Appuals.com
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| 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: @Waterloo@mastodon.lol and @jeremyburge@mastodon.world
| 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
| 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, Bloomberg, Gizmodo, Neowin, The Information, and American Banker
Tweets: @tomgara, @harrymccracken, and @rakeshlobster
| 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.| 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 … | 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| 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 sector
Tweets: @georgenhammond
| 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, LinkedIn, CryptoGlobe, Reuters, crypto.news, Bitcoinist.com, Finextra, The Information, Blockworks, SiliconANGLE, Tech Startups, Ethereum World News, CoinGape, The Block, Cryptopolitan, and CryptoSlate
Tweets: @johnedeaton1, @longconvexity, @kylesgibson, @jeffjohnroberts, and @muyaoshen
| 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 …
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ServeTheHome, VideoCardz.com, Wccftech, Phoronix, and Jon Peddie Research. Thanks:@paulyalcorn
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