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May 9, 2023, 8:50 AM
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| Ryan Browne / CNBC: |
Ripple CEO Brad Garlinghouse says the company will spend $200M fighting an SEC lawsuit accusing him, a co-founder, and Ripple of selling unregistered securities — - 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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| Ryan Browne / CNBC: |
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| Anna Nicolaou / Financial Times: |
Source: Spotify removed ~7% of tracks uploaded by AI music startup Boomy, or “tens of thousands” of songs, over suspicion of bots posing as human listeners — Platform cracks down on bots posing as listeners as flood of content rattles music industry
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| Bloomberg: |
Nintendo expects to sell 15M Nintendo Switch consoles this fiscal year, below analyst estimates of 15.7M; the company sold 18M units in the year to March 2023 — Nintendo Co. expects to sell 15 million units of its Switch console this fiscal year, showing the extent of the slowdown for its six-year-old flagship product.
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| Stephen Nellis / Reuters: |
LinkedIn plans to cut 716 jobs and shutter InCareer, its local jobs app in China, by August 9, citing fierce competition and a challenging macroeconomic climate — LinkedIn, the social media network owned by Microsoft Corp (MSFT.O) that focuses on business professionals …
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| Dan Goodin / Ars Technica: |
Google's passkey offering is refined and comprehensive enough to recommend, but the ecosystem is incomplete, despite PayPal, Kayak, and others using passkeys — The passkey ecosystem is far from complete, but Google's implementation is now ready to use. — By now, you've likely heard …
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| Kyle Wiggers / TechCrunch: |
IBM announces watsonx, a suite of AI services that includes watsonx.ai, an “enterprise studio for AI builders”, watsonx.data, and watsonx.governance — IBM, like pretty much every tech giant these days, is betting big on AI. — At its annual Think conference …
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| 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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@zclassiccoin, @followtheh, @bashmohandes, @bitfinexed, and @johnedeaton1
| Angus Loten / Wall Street Journal: |
Wendy's partners with Google to automate its drive-through using an AI chatbot, rolling out in June to an Ohio restaurant; the bot has been programmed to upsell — The fast-food chain has customized a language model with terms like ‘JBC’ for junior bacon cheeseburger and ‘biggie bags’ for meal combos| Nikhilesh De / CoinDesk: |
Sam Bankman-Fried's lawyers file pretrial motions to dismiss most criminal charges against him, but not charges tied to securities fraud and money laundering — Bankman-Fried did not move to dismiss charges tied to securities fraud or money laundering. — FTX founder Sam Bankman-Fried … | Adi Robertson / The Verge: |
How Something Awful plans to archive the source images of millions of Imgur links by May 15, after Imgur announced it would delete nudity, porn, and old content — A long-running web community enlisted its goons to stop an Imgur extinction event. — It's easy to forget how fragile … | Paul Sawers / TechCrunch: |
Vienna-based Prewave, which helps companies monitor their suppliers online and create risk alerts, raised a ~$20M Series A+, following a $12.3M Series A — Despite the investor caution narrative permeating the startup world throughout the economic downturn, certain startup-types have been a little more impervious to market conditions.| 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.
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