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May 31, 2023, 2:00 PM
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WeSmirchTop News
| Bloomberg: |
Filing: Fidelity marks down its Twitter stake, estimating that Twitter is now worth about 33% of the $44B that Elon Musk paid, down from 44% in November 2022 — Twitter is now worth just one-third of what Elon Musk paid for the social-media platform, according to Fidelity …
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Ars Technica, Reuters, The Register, The Guardian, CNN, Axios, Insider, Quartz, Associated Press, Wall Street Journal, Social Media Today, Mashable, Forbes, 9to5Mac, Newser, International Business Times, Deadline, PYMNTS.com, The Information, Barron's Online, Gizmodo, and Business Post
LinkedIn:
Albert Fong. Bluesky:
@joshuatopolsky.com. Tweets:
@kurtwagner8, @karaswisher, @farhip, @jason_kint, @patrickw, @vanvidum, @zaleskiluke, @davetroy, @themaxburns, @tomgara, @liston, and @edzitron
| Andy Greenberg / Wired: |
Eclypsium: a firmware flaw in 271 Gigabyte motherboards could let hackers install malware when the PC restarts; Gigabyte plans a fix, but problems could persist — Hidden code in hundreds of models of Gigabyte motherboards invisibly and insecurely downloads programs—a feature ripe for abuse, researchers say.
More:
Eclypsium, Dexerto, PCWorld, TechSpot, The Hacker News, and SecurityWeek
Tweets:
@eclypsium, @n0x08, @foves_fps, @malwarejake, and @a_greenberg
| Cynthia Littleton / Variety: |
Activision CEO Bobby Kotick says he was humbled and outraged by toxic workplace claims and blames “outside forces” for most of Activision's image issues — Bobby Kotick has a secret: He was ready to buy Time Warner a few years ago.The CEO of Activision Blizzard drops this nugget early …
More:
TheGamer, Metro, TweakTown, Kotaku, and Eurogamer.net
Tweets:
@deeketweak, @jasonschreier, @yoda, @stephentotilo, @toadsanime, @variety, @hazzadorgamin, and @variety
| Sarah Perez / TechCrunch: |
Apple touts an Analysis Group study saying App Store ecosystem generated $1.1T in 2022, up 29% YoY, with $910B coming from sales of physical goods and services — Ahead of Apple's Worldwide Developer Conference next week, the company is offering an update on its app ecosystem with the release …
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Analysis Group, Apple, ZDNet, Bloomberg, AppleInsider, MacRumors, 9to5Mac, Fast Company, iClarified, and MacStories
| Oliver Whang / New York Times: |
A look at the BabyLM Challenge, which aims to create language models with datasets that are less than one-ten-thousandth the size of those used by advanced LLMs — Teaching fewer words to large language models might help them sound more human. — When it comes to artificial intelligence chatbots, bigger is typically better.
More:
BabyLM Challenge, Computerworld, and Towards Data Science
Tweets:
@biophysicsfl, @tallinzen, @evaportelance, @kevinokeefe, and @oliverwhang21
| Mia Sato / The Verge: |
After a fake Pentagon “explosion” image went viral, Twitter adds Community Notes to images; the notes will also appear on “recent and future matching images” — Twitter is expanding its crowdsourced fact-checking program to include images, shortly …
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Social Media Today, Neowin, Livemint, Android Headlines, Techlusive, TechCrunch, SiliconANGLE, Engadget, SlashGear, and PetaPixel
Tweets:
@communitynotes, @communitynotes, @communitynotes, @battleangelviv, @bradsferguson, @farzyness, and @kcoleman
| Priya Anand / Bloomberg: |
An investigation into Papa, a TaskRabbit-like service for seniors that has raised $240M, finds dozens of allegations of harassment, assault, theft, and more — If you've been to an annual open enrollment fair in the past few years, you may have noticed a new eldercare benefit with the unusual name of Papa.
Tweets:
@rr_edmonds, @coryweinberg, @priyasideas, @vandermey, @bradstone, @bigblackjacobin, @josheidelson, and @pearlf
| Bloomberg: |
Sources: the Biden administration is split on regulating generative AI; some prefer an EU-style model while others worry over losing a competitive advantage — Biden administration officials are divided over how aggressively new artificial intelligence tools should be regulated … | Jeff John Roberts / Fortune: |
Magic, which offers SDKs to help companies create and maintain bespoke on-chain crypto wallets, raised $52M led by PayPal Ventures at a sub-$500M valuation — The biggest crypto wallet you've never heard of is flourishing. San Francisco-based Magic announced on Wednesday that it's raised $52 million …
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Magic, CoinDesk, SiliconANGLE, The Block, crypto.news, Cointelegraph, and NFTgators
| Forbes: |
A profile of AMD CEO Lisa Su, who orchestrated one of the great tech turnarounds after her 2014 takeover, as the company prepares to battle Nvidia over AI chips — AMD's CEO orchestrated one of the great turnarounds in Silicon Valley history, driving the dying semiconductor maker's stock price up nearly 30-fold in less than a decade.
Tweets:
@richardjnieva, @alexrkonrad, and @hkanji
| Kevin Roose / New York Times: |
How the Shoggoth, a character from a 1936 H.P. Lovecraft novella, became a meme among AI workers as a metaphor for not fully understanding LLMs' inner workings — The Shoggoth, a character from a science fiction story, captures the essential weirdness of the A.I. moment.
Tweets:
@tikiambassador, @kevinroose, @tiagodf, @henryfarrell, @jasoncolavito, @kevinokeefe, and @ahtzib
| Nikkei Asia: |
How Taiwan became indispensable in the electronics supply chain, creating Taiwanese, Chinese, and US interdependence that has deepened even as tensions rise — In the days after then-U.S. House Speaker Nancy Pelosi visited Taiwan last year, Taiwanese suppliers to U.S. tech giants including Apple …
More:
Wall Street Journal and 9to5Mac
Tweets:
@lauly_th_li, @emilyywu, @mikepeeljourno, @nikkeiasia, @chengtingfang, @dnystedt, @wongdouglas, @jojjeols, @policytensor, and @heguisen
| Jenny Surane / Bloomberg: |
A profile of Plaid, valued at $13.4B, and co-founder Zach Perret, after a $58M data scraping settlement in 2022, as the startup expands and fights a PNC lawsuit — Zap $50 to a friend via Venmo. Trade Bitcoin on Robinhood. Get a student loan with SoFi.
Tweets:
@policypitts
| Victoria Song / The Verge: |
Garmin launches the $800 Fenix 7 Pro and $900 Epix 2 Pro in 42mm, 47mm, and 51mm sizes, both with an LED flashlight, better heart rate sensor, and improved maps — Garmin's joining the Pro bandwagon. On Wednesday, it's launching the Epix 2 Pro and Fenix 7 Pro, which both come with a boatload …
More:
BGR, Gadgets & Wearables, and Notebookcheck.net
| Ingrid Lunden / TechCrunch: |
Toronto-based Hostaway, which offers vacation rental management tools, raised $175M led by PSG Equity, after raising less than $3M since its founding in 2015 — Tourism and travel have come roaring back into business post-pandemic, and today a startup called Hostaway that's building technology …
More:
BetaKit, Tech.eu, and PhocusWire
| Mark Bergen / Bloomberg: |
After raising $730M, UK chip startup Graphcore reported just ~$5M in 2021 revenue and a $183M loss; Microsoft, an investor, reportedly declined to use its chips — Nvidia is riding the AI wave to absurd heights. Its UK rival: not so much. But first... If your company sells components designed … | David Kirton / Reuters: |
Some mainland China tech entrepreneurs are trying to gain permanent residency or citizenship abroad to avoid US curbs on, and biases against, Chinese companies — For the ambitious Chinese tech entrepreneur, expanding into the U.S. just keeps getting harder.| Nadia Asparouhova / Wired: |
As GitHub prepares to close its San Francisco HQ, a look back at the living testament to tech culture, with its conflicts presaging a decade of tech backlash — The code-hosting platform's headquarters was a living testament to tech values and one of its first disputed territories.
Tweets:
@wired, @chacon, @nmsanchez, @_danilo, @nsqe, @koddsson, @jeffrafter, @nayafia, @m_k_global, and @muanchiou
| Iain Withers / Reuters: |
Monzo reports FY 2023 revenue up 131% YoY to £355.6M, and net loss down 2% YoY to £116.3M; CEO TS Anil says an IPO in NYC or London is “some ways down the road” — British digital bank Monzo marginally narrowed its annual loss in the year to February 2023 …
More:
CNBC, TechCrunch, AltFi, Monzo, and Bloomberg
| Jennifer Pattison Tuohy / The Verge: |
Amazon Echo Pop review: a $40 bargain, nice design, good sound for its size, and speedy responses, but fewer hardware features and less voice aware than the Dot — As the latest entry-level Alexa smart speaker, the $40 Echo Pop packs a lot of value into a small package.
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TechHive, ZDNet, Wired, SlashGear, and Digital Trends
Sponsor Posts
Google:
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Shopify:
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Zoho:
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Bitrix24:
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IDrive:
Protecting your Cloud Applications Data — Backing up Office 365, Google Workspace, Dropbox & Box 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 & Box data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.Featured Podcasts
Big Technology Podcast:
AI Device Wars Heat Up, RIP Metaverse?, Netflix Acquires Warner Brothers
The Big Technology Podcast takes you behind the scenes in the tech world featuring interviews with plugged-in insiders and outside agitators.
Subscribe to Big Technology Podcast.
Channels with Peter Kafka:
"Hollywood is Truly Freaked Out." Inside the Netflix/WBD Deal with Lucas Shaw
Media and tech aren't just intersecting - they're fully intertwined. To understand how those worlds work, Peter Kafka talks to industry leaders, upstarts and observers.
Subscribe to Channels with Peter Kafka.
Hard Fork:
OpenAI Calls a 'Code Red' + Which Model Should I Use? + The Hard Fork Review of Slop
The future is already here. Each week, journalists Kevin Roose and Casey Newton explore and make sense of the latest in the rapidly changing world of tech.
Subscribe to Hard Fork.
Access:
Is Roblox making the internet better or worse? We asked the CEO
A show about the tech industry's inside conversation, hosted by tech reporter Alex Heath and founder whisperer Ellis Hamburger.
Subscribe to Access.
Decoder with Nilay Patel:
Anthropic's quest to study the negative effects of AI is under pressure
A show from the Verge about big ideas - and other problems.
Subscribe to Decoder with Nilay Patel.
Lenny's Podcast:
Why LinkedIn is turning PMs into AI-powered "full stack builders" | Tomer Cohen (LinkedIn CPO)
Interviews with world-class product leaders and growth experts to uncover actionable advice to help you build, launch, and grow your own product.
Subscribe to Lenny's Podcast.
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| Aidan Ryan / The Information: |
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Mastodon:
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Mastodon:
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| Kevin Roose / New York Times: |
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