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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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New York Times, TechCrunch, NBC News, CNET, Axios, CNBC, Financial Times, Engadget, 9to5Mac, CNN, Gizmodo, GeekWire, Associated Press, Boondoggle, Reuters, Washington Post, The Information, ARLnow.com, WRAL TechWire, and Technical.ly
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
Command Line:
What will the next generation of developers do when AI writes the code? — Microsoft and Carnegie Mellon are betting that the junior devs we train today will be the senior engineers of tomorrow.
What will the next generation of developers do when AI writes the code? — Microsoft and Carnegie Mellon are betting that the junior devs we train today will be the senior engineers of tomorrow.
Will Reed:
The best sales leaders aren't job hunting. Here's how to reach them without months of cold outreach. — Our team came from Box, Square, and Brex, so we already know the GTM leaders worth meeting.
The best sales leaders aren't job hunting. Here's how to reach them without months of cold outreach. — Our team came from Box, Square, and Brex, so we already know the GTM leaders worth meeting.
Zoho:
UK tax compliance with Zoho Books — The evolving tax landscape in the UK has added an additional responsibility to business owners, accountants, and bookkeepers to ensure their choice of accounting software supports compliance …
UK tax compliance with Zoho Books — The evolving tax landscape in the UK has added an additional responsibility to business owners, accountants, and bookkeepers to ensure their choice of accounting software supports compliance …
IDrive:
Protecting your Cloud Applications Data — Backing up Office 365, Google Workspace, Dropbox & Salesforce data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.
Protecting your Cloud Applications Data — Backing up Office 365, Google Workspace, Dropbox & Salesforce data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.Featured Podcasts
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Great Chat:
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