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May 8, 2023, 9:40 PM
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memeorandum
WeSmirchTop News
| Ryan Browne / CNBC: |
Coinbase CEO Brian Armstrong says the US SEC is on “a lone crusade”, rows back on his suggestion the company may leave the US, and expresses interest in the UAE — - The SEC earlier this year served Coinbase with a Wells Notice. — Brian Armstrong, Coinbase's CEO … | Ryan Browne / CNBC: |
Ripple's CEO says the company will have spent $200M fighting SEC's lawsuit that accuses him, a co-founder, and Ripple of selling XRP as an unregistered security — - Ripple will have spent $200 million by the time its legal battle with the U.S. Securities and Exchange Commission is over, CEO Brad Garlinghouse said.
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PYMNTS.com, Bitcoin News, San Francisco Business Journal, PYMNTS.com, CoinDesk, Coinspeaker, Watcher Guru, Cryptopolitan, NewsBTC, CoinGape, CryptoSlate, and Bitcoinist.com. Tweets:
@ldrogen
| David Pierce / The Verge: |
How Google's attempt to create a better, faster mobile web for media companies with the AMP standard ended up ruining publishers' trust in the internet giant — Google promised to create a better, faster web for media companies with a new standard called AMP. In the end, it ruined the trust publishers had in the internet giant.
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The Verge, Pixel Envy, Digital Content Next, and Nieman Lab
Tweets:
@rustybrick, @emilybell, and @jason_kint
| Ingrid Lunden / TechCrunch: |
Qualcomm acquires Israel-based Autotalks, a fabless chipmaker that improves safety in bikes, cars, and other vehicles, sources say for between $350M and $400M — Qualcomm's longer term bet on the automotive sector as a lucrative customer base for its chips and related communications technology … | Jennifer Elias / CNBC: |
Internal docs: Google plans to announce generative AI updates at Google I/O on May 10, including launching PaLM 2, a general-use LLM supporting 100+ languages — - Google's hefty investments in artificial intelligence will be on display at its annual developer conference this week.| Steve Mollman / Fortune: |
OpenAI CEO Sam Altman says “technology is not yet good enough that people can be full remote forever, particularly on startups” — OpenAI CEO Sam Altman isn't averse to change—he helped kickstart the current A.I. race with chatbot ChatGPT, after all, threatening to upend multiple industries …
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The Information, Tech.co, TechSpot, and Slashdot
LinkedIn:
Andrew Padilla, Scott Panzer, Noah Gift, Sahil Mansuri, and Ahmet Emre Acar. Mastodon:
@ashedryden@scholar.social
| Nikhilesh De / CoinDesk: |
Crypto exchange Bittrex files for bankruptcy in Delaware; filing: the company estimates both its liabilities and assets to be between $500M and $1B — Bittrex already announced its intention to exit the U.S., but also faces an SEC enforcement action. — Crypto exchange Bittrex has filed …
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Unchained Crypto, Business Wire, The Block, Reuters, Coinpedia Fintech News, Bitcoin News, SiliconANGLE, Fortune, Cointelegraph, Watcher Guru, Ethereum World News, CryptoSlate, Livemint, and Slashdot
Tweets:
@followtheh and @bitfinexed
| Akanksha Khushi / Reuters: |
Binance halted bitcoin withdrawals for an hour late on May 7 and for several hours on May 8, blaming heavy volumes and an unanticipated rise in network gas fees — Cryptocurrency exchange Binance halted bitcoin withdrawals for several hours on Monday, citing heavy volumes and a surge in processing fees …
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CoinDesk, Bloomberg, Cryptonews, Wccftech, Tech Startups, NewsBTC, South China Morning Post, Cryptopolitan, The Block, crypto.news, Quartz, Bloomberg, Silicon Republic, CryptoSlate, Tech in Asia, Livemint, Ethereum World News, and Watcher Guru. Tweets:
@binance
| Munsif Vengattil / Reuters: |
Truecaller plans to make its caller ID service available globally over WhatsApp and other messaging apps later in May to help users spot potential spam calls — Truecaller (TRUEb.ST) will soon start making its caller identification service available over WhatsApp and other messaging apps …
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Neowin, XDA Developers, Times of India, Gearrice, CNBC-TV18, and Slashdot
Tweets:
@hiteshrajbhagat, @alanmamedi, and @truecaller
| Ashley Capoot / CNBC: |
Palantir Q1: revenue up 18% YoY to $525M, vs. $506M est., and says its Artificial Intelligence Platform for private datasets is coming in May; PLTR jumps 23%+ — - Shares of Palantir rose as much as 28% in extended trading Monday after the company released first-quarter earnings that beat analysts' estimates on top and bottom lines.| Bloomberg: |
Despite China banning crypto in September 2021, citizens, industry insiders, and FTX's creditor lists suggest Chinese residents continue to trade digital assets — Nineteen months after China banned crypto, more signs have emerged that its citizens continue to buy and sell digital assets.
More:
Cryptopolitan, Cryptonews, Forkast, and Bitcoinist.com
| Manish Singh / TechCrunch: |
Filing: Invesco marked down Swiggy's valuation to ~$5.5B in January 2023, from a reported $10.7B valuation in January 2022, when Invesco led Swiggy's Series K — Invesco, which led Swiggy's previous round, has marked down the Indian food delivery giant's valuation in its holding to about $5.5 billion, according to a filing.
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Crunchbase News, Entrackr, Inc42 Media, DealStreetAsia, and Livemint
Sponsor Posts
Subquadratic:
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Subquadratic: the LLM built for 12M-token reasoning — SubQ can reason across entire codebases and document sets in one pass with no RAG workarounds. Read how SubQ 1.1 Small holds near-perfect retrieval out to 12M tokens.
Cloudflare:
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Zoho:
Stop re-entering Shopify order details in Zoho CRM — This is a guest blog from Xapplets (Zeeyes AI Inc).Here's a scene that plays out in many growing Shopify stores every day: a customer places an order …
Stop re-entering Shopify order details in Zoho CRM — This is a guest blog from Xapplets (Zeeyes AI Inc).Here's a scene that plays out in many growing Shopify stores every day: a customer places an order …
IDrive:
IDrive Autonomy: low-cost L2+ driver assistance with AI — L2+ driver assistance with a scalable AI stack built for automotive companies and laying the foundation for the autonomous future.
IDrive Autonomy: low-cost L2+ driver assistance with AI — L2+ driver assistance with a scalable AI stack built for automotive companies and laying the foundation for the autonomous future.Featured Podcasts
Big Technology Podcast:
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Hard Fork:
The A.I. Mob That Attacked Hugging Face + METR's Ajeya Cotra
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Channels with Peter Kafka:
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Sources:
Sam Altman on OpenAI's next model and the AI backlash
Candid conversations with the leaders shaping what's next in AI and the broader tech industry. Hosted by Alex Heath, who has covered Silicon Valley for more than a decade.
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Conversations with people I admire about things I'm genuinely interested in.
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Tools and Weapons with Brad Smith:
Connecting the Unconnected: Doreen Bogdan-Martin
Microsoft Vice Chair and President Brad Smith speaks with leaders in government, business, and culture to explore the most critical challenges at the intersection of technology and society.
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