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March 3, 2023, 4:05 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, @aoc, @jangelooff, @g_meslin, @dceiver, @sengianaris, @eliotwb, @igorbobic, @davidclinchnews, @pat_garofalo, @producercities, @karlbode, @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, and CoinGape
Tweets: @zachcoelius, @mayazi, @cduhaime, @cduhaime, @smdiehl, @molly0xfff, @bitfinexed, and @kamikaz_eth
| 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.
Tweets: @samirkaji, @immad, @tmrohan, @danprimack, @danprimack, @pitdesi, @danprimack, @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.| 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
| 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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Tweets: @longconvexity, @kylesgibson, @jeffjohnroberts, and @muyaoshen
| 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
| 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
| Annie Palmer / CNBC: |
Amazon plans to close eight Go convenience stores in Seattle, New York City, and San Francisco, as it 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, The Information, Bloomberg, and Fortune
| James Hale / Tubefilter: |
London-based Electrify Video Partners, which invests in, and acquires, established YouTube channels “with a solid income”, raised $50M led by MEP Capital — Electrify Video Partners has raised $50 million to invest in and acquire YouTube channels.| 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 provisionsSponsor Posts
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