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June 5, 2023, 10:40 AM
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memeorandum
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| New York Times: |
Internal document: Twitter's US ad revenue from April 1 to the start of May dropped 59% YoY to $88M; sources say that performance is unlikely to improve soon — In internal forecasts, the company projected that ad sales would keep declining, handing a tough challenge to its new chief executive.
More:
PYMNTS.com, BBC, 9to5Mac, Fortune, The Verge, and Newser
Bluesky:
@chris.chabot.dev, @marisakabas.bsky.social, and @triketora.bsky.social
Tweets:
@emilybell, @eeberquist, @nprinskeep, @mattscalici, @niubi, @rmac18, @rmac18, @rmac18, @scottjshapiro, @ericswalwell, @adamkovac, @conorsen, @dicktofel, and @ritholtz
| Lawrence Abrams / BleepingComputer: |
Atomic Wallet investigates user reports of compromised accounts and tries to block stolen crypto from being sold; a researcher says the hack could exceed $35M+ — The developers of Atomic Wallet are investigating reports of large-scale theft of cryptocurrency from users' wallets, with over $35 million in crypto reportedly stolen.
More:
Finbold, Decrypt, Unchained Crypto, CSO, Cointelegraph, Coinspeaker, Inside Bitcoins, Protos, CryptoPotato, CryptoGlobe, CoinDesk, Coinpedia Fintech News, Coinmonks, Bitcoinist.com, crypto.news, Cryptopolitan, International Business Times, Micky, Infosecurity, Web3 is Going Just Great, CryptoSlate, Watcher Guru, CoinGape, The Daily Hodl, and Cryptonews
Tweets:
@atomicwallet, @zachxbt, @atomicwallet, @atomicwallet, @zachxbt, @zachxbt, @zachxbt, @peckshieldalert, @bleepincomputer, and @anbessa100
| Jon Porter / The Verge: |
To protest API pricing for third-party Reddit apps, r/videos, r/reactiongifs, r/earthporn, and other large subreddits plan to go private on June 12 for 48 hours — Some of Reddit's biggest communities including r/videos, r/reactiongifs, r/earthporn, and r/lifeprotips are planning to set themselves …
More:
PCWorld, TechCrunch, reddit, VICE, Appuals.com, Slashdot, and Snazzy Labs on YouTube
Tweets:
@reddit_lies, @basche42, and @sirsuhdude
| Bloomberg: |
Sources: Binance's Richard Teng is the frontrunner to become CEO if Changpeng Zhao steps down, as US regulatory scrutiny makes succession planning more urgent — In mid-May, cryptocurrency exchange Binance got some bad news in a far-flung corner of its sprawling universe.
More:
CoinDesk, The Block, Reuters, Coinpedia Fintech News, Coinspeaker, Cryptonews, crypto.news, Bitcoinist.com, Cryptopolitan, Watcher Guru, CryptoSlate, CoinGape, and Bitcoin News
Tweets:
@wublockchain, @patrick_tankt, @emilyjnicolle, and @mdudas
| Reuters: |
Bank records: Binance executive Guangying Chen controlled five Silvergate Bank accounts from 2019 to 2020 belonging to its purportedly independent US affiliate — A senior Binance executive was the main operator for five bank accounts belonging to the giant cryptocurrency exchange's purportedly …
More:
CoinDesk, PYMNTS.com, Protos, and CoinGape
Tweets:
@aaberwick, @bradydale, @northrocklp, @ben_mckenzie, @silvermanjacob, @silvermanjacob, and @smdiehl
| Cristiano Lima / Washington Post: |
Instagram reinstates Robert F. Kennedy Jr.'s account after he launched his presidential bid; he was banned in 2021 over false claims about COVID-19 and vaccines — The prominent anti-vaccine campaigner was suspended in 2021 for spreading misleading health claims.
More:
Insider, The Hill, Bitcoinist.com, New York Post, CNN, The Hill, Reuters, The Daily Caller, RADAR, Breitbart, and Deadline
Bluesky:
@kenwhite.bsky.social, @alkapdc.bsky.social, @carnage4life.bsky.social, @jetjocko.bsky.social, and @shellen.bsky.social
Tweets:
@jack, @jack, @elonmusk, @robertkennedyjr, @jonahdispatch, @ebakerwhite, @viacristiano, @azi, @robertkennedyjr, and @schmutzie. Thanks:@viacristiano
| Sahar Elhabashi / Spotify: |
Spotify cuts ~200 jobs, or 2% of its staff, at its podcast unit, combines Parcast and Gimlet into a renewed Spotify Studios, and reports 100M+ podcast listeners — Below is an adaptation of an internal update on Spotify's Podcast Business from Sahar Elhabashi, VP, Head of Podcast Business.
More:
Engadget, TechCrunch, CNBC, Bloomberg, Variety, Wall Street Journal, Tech Startups, Deadline, The Hollywood Reporter, and NBC Bay Area
Tweets:
@zachthemack, @said_mitch, @marypcbuk, @michellemanafy, @ashleyrcarman, and @kerrymflynn
| Forbes: |
Interviews, pitch decks, and internal documents suggest that Stability AI CEO Emad Mostaque's recent success was bolstered by exaggeration and dubious claims — Stability AI became a $1 billion company with the help of a viral AI text-to-image generator and — per interviews with more than 30 people …
More:
Emad's Blog, VentureBeat, The Information, Music Ally, The Overspill, and The Verge
Tweets:
@emostaque, @emostaque, @kenrickcai, @kenrickcai, @sarahnemerson, @emostaque, @joanwestenberg, @erichallahan, @rhodekill_, @kullar, @garrytan, @hhelafifi, @arnicas, @emostaque, @garrytan, @kenrickcai, @ravenben, @kenrickcai, @kenrickcai, @yoda, @sarthakgh, @tomgara, and @neilturkewitz. Thanks:@thealexknapp
| Will Douglas Heaven / MIT Technology Review: |
A look at The Frost, a 12-minute movie created by Waymark using DALL-E 2, as startups like Waymark and Runway make AI tools for fast and cheap video production — Exclusive: Watch the world premiere of the AI-generated short film The Frost. — The Frost nails its uncanny, disconcerting vibe in its first few shots.
LinkedIn:
Theo Priestley and Niall Firth
Tweets:
@jackshafer, @siggraph, @labenz, @d_id_, @tariqkrim, @gdalmiathinks, @stephen_parker, @bildoperationen, @juliewdesign_, @rainisto, and @fabianmosele
| Jess Weatherbed / The Verge: |
Google opens a beta for passkeys on Workspace accounts, letting staff at 9M+ organizations sign in without a password, rolling out in the coming weeks — Google has taken a significant step toward a passwordless future with the start of an open beta for passkeys on Workspace accounts.
More:
Google Help Center, ZDNet, SiliconANGLE, TechCrunch, 9to5Google, TechRadar, Insider, and Tom's Guide
| Madhumita Murgia / Financial Times: |
An interview with sci-fi writer Ted Chiang on AI's limits, how current machines are not conscious, his 2010 novella The Lifecycle of Software Objects, and more — The visionary author on the limits of AI, the uses of science fiction — and why there's a ‘market opportunity for volleyballs’
More:
The Verge and Daring Fireball
Tweets:
@ananyo, @joshspero, @sarahreesbrenna, @mulegirl, and @alexgroundwater
| Wall Street Journal: |
Tech layoffs, compounded by interest rate increases and inflation, lead to higher unemployment levels and falling wages in California, Oregon, and Washington — California, Oregon and Washington have some of the nation's highest jobless rates — The West Coast tech downturn is sending … 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.
Cape:
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Zoho:
Introducing qualified electronic signatures via SIGN8 for the EU — Every document carries a different level of risk, and the type of electronic signature you choose should reflect that.
Introducing qualified electronic signatures via SIGN8 for the EU — Every document carries a different level of risk, and the type of electronic signature you choose should reflect that.
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
Training Data:
Rich Sutton and Khurram Javed: Why AI Models Stop Learning, and How to Start It Again
Sequoia Capital partners host conversations with leading AI builders and researchers to develop a deeper understanding of the evolving technologies and their implications.
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Invest Like the Best:
Ben Thompson on Big Tech, China, and the AI Boom Running Out of Money
The leading destination to learn about business and investing. We do this by showcasing exceptional talent and ideas.
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Lenny's Podcast:
OpenAI's Head of Design: This is the best time in history to be a designer | Ian Silber
Interviews with world-class product leaders and growth experts to uncover actionable advice to help you build, launch, and grow your own product.
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Big Technology Podcast:
Best of Big Technology: How Ozempic Changes Our Bodies, Minds, and Economy — With Johann Hari
The Big Technology Podcast takes you behind the scenes in the tech world featuring interviews with plugged-in insiders and outside agitators.
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Hard Fork:
Zuckerberg's Anti-Doom Fantasy + Finally an A.I. Detector That Works + A.I. Math
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.
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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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