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May 31, 2023, 1:15 PM
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| 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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The Register, The Guardian, CNN, Axios, Associated Press, Insider, Quartz, Reuters, Social Media Today, 9to5Mac, Mashable, Forbes, Wall Street Journal, Barron's Online, Deadline, Newser, International Business Times, PYMNTS.com, The Information, 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.
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Eclypsium, PCWorld, Dexerto, 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 …
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TheGamer, Metro, TweakTown, Kotaku, and Eurogamer.net
Tweets:
@deeketweak, @jasonschreier, @yoda, @stephentotilo, @toadsanime, @variety, @hazzadorgamin, and @variety
| 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 … | 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
| 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 offering an LED flashlight, 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 …
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AndroidGuys, NextPit, BGR, iClarified, Lifewire, Pocket-lint, Gadgets & Wearables, TechRadar, Wareable, and Notebookcheck.net
| James Vincent / The Verge: |
While OpenAI has become more upfront about ChatGPT's limitations, the company should do more to make clear the bot can't reliably distinguish fact from fiction — “May occasionally generate incorrect information.” — This is the warning OpenAI pins to the homepage of its AI chatbot ChatGPT …
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Simon Willison's Weblog, Fast Company, and CBS News
Mastodon:
@teledyn@mstdn.ca and @eloquence@social.coop
Tweets:
@jjvincent, @simonw, @harrymccracken, @fabiochiusi, @mikebutcher, @cfiesler, @alexgsmith, @mmitchell_ai, @russellbrandom, and @rjcc
| Ingrid Lunden / TechCrunch: |
Toronto-based Hostaway, which offers vacation rental management tools, raised $175M led by PSG Equity, after raising under $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
| Emily Nicolle / Bloomberg: |
Filing: Ontario Securities Commission opened an investigation on May 10 into Binance over trying to skirt regulations; Binance withdrew from Canada on May 12 — Crypto exchange Binance Holdings Ltd. said it has received an order from one of Canada's securities regulators to investigate whether … | 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 outside of China to avoid US curbs and biases against Chinese firms — For the ambitious Chinese tech entrepreneur, expanding into the U.S. just keeps getting harder.| Abner Li / 9to5Google: |
Sources: Google plans to launch the Pixel Watch 2 in fall 2023 with a Snapdragon W5 series chip and Fitbit Sense 2-like sensors, alongside the Pixel 8 and 8 Pro — We revealed at the start of May that Google is planning to announce the Pixel Watch 2 alongside the Pixel 8 and 8 Pro …
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Forbes, TechRadar, Pocketnow, Pocket-lint, Phandroid, Gadgets & Wearables, Gizchina, BigTechWire, gHacks Technology News, Tom's Guide, T3, Android Headlines, SamMobile, NextPit, Notebookcheck.net, Sammy Fans, GSMArena.com, The Verge, Appuals.com, Digital Trends, MobileSyrup, XDA Developers, Engadget, Gizmodo, Android Authority, Android Police, Android Central, Wccftech, PhoneArena, Lifewire, and Droid Life
Tweets:
@anshelsag, @skylleddev, @maxwinebach, @mishaalrahman, @bradypsnyder, and @jetscott
| 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 …
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CNBC, TechCrunch, AltFi, Bloomberg, and Monzo
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Tweets:
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