Techmeme
December 9, 2021, 9:20 PM

Top News

WABetaInfo:
WhatsApp begins a limited test of Meta's Novi digital wallet in the US, letting users send and receive USDP within a chat  —  Today, WhatsApp is finally announcing a small pilot program to some people in the US, that can finally use the Novi digital wallet within WhatsApp!
Alex Heath / The Verge:
Meta opens its VR social platform Horizon Worlds to all adult users in the US and Canada, after announcing a private beta in September 2019  —  Facebook's first stab at the metaverse is Roblox meets the OASIS  —  More than two years and a company rebrand later, Meta is finally opening …
Sean Hollister / The Verge:
Epic v. Apple emails show Microsoft offered to bring triple-A, Xbox-exclusive games to iOS if Apple let its xCloud game streaming service into the App Store  —  Remember when Apple pretended like it would let cloud gaming services like Microsoft xCloud and Google Stadia into the App Store …
Angel Au-Yeung / Forbes:
Cher Scarlett, a leader of #AppleToo, says she is no longer withdrawing her NLRB complaint against Apple after it failed to execute a settlement in good faith  —  Former Apple engineer Cher Scarlett is no longer withdrawing her complaint with the National Labor Relation Board alleging …
Jonathan Bell / Wallpaper*:
A look at the working processes at Apple's design team, led by VP of industrial design Evans Hankey and VP of human interface design Alan Dye  —  Global exclusive!  Led by Evans Hankey and Alan Dye, the Apple Design Team holds enormous sway over our evolving relationship with technology.
Eli Tan / CoinDesk:
Palm, which helps companies and brands create NFT projects, raises a $27M Series B led by Microsoft's M12  —  Microsoft's venture arm is leading a $27 million bet on NFT studio Palm.  —  The funding will be used primarily to scale the company's operations with a slew of new hires, a representative of the studio told CoinDesk.
Politico:
Italy's competition authority fines Amazon €1.13B for abusing its market position and harming competitors in e-commerce logistics; Amazon plans to appeal  —  Italy's competition authority announced Thursday it was slapping a €1.13 billion fine on Amazon for abusing its dominant position …
Bloomberg:
Coinbase launches a DeFi yield product for non-US customers in over 70 countries, after US regulators effectively killed plans for its Lend program in September  —  - U.S. regulators effectively shut down Lend program earlier  — Holdings to be deposited into the Compound Finance protocol
Bloomberg:
Sources: as Ben Horowitz and Marc Andreessen buy Las Vegas properties, they are less involved in a16z's daily operations and are on fewer corporate boards  —  Recently, the Bay Area-based venture capitalist Ben Horowitz took part in a popular pandemic-era pastime: updating the location on his LinkedIn profile.
Frank Chaparro / The Block:
Crypto derivates market Paradigm, which focuses on large trades, raises a $35M Series A at a $400M valuation led by Jump Capital and Alameda Research  —  Quick Take  — Paradigm is raising $35 million in a fundraise led by Jump Capital and Alameda Research.
MacRumors:
Kuo: Apple's AR headset will include four sets of 3D sensors to offer a user interface with hand gesture controls and object detection  —  Apple's long rumored AR headset is predicted to include multiple highly sensitive 3D sensing modules in order to offer an innovative hand gesture …
Elizabeth M. Renieris / CIGI:
A look at Cardano, a controversial blockchain project led by Ethereum cofounder Charles Hoskinson that aims to build a national ID system for Ethiopia  —  There are countless examples of the dangers posed by national ID schemes, including from Kenya, Uganda, Pakistan, India and elsewhere.
Manish Singh / TechCrunch:
Tim Berners-Lee's Inrupt, which aims to “reshape the internet” by letting users control their data, raises Series A led by Forte Ventures, source says for ~$30M  —  Tim Berners-Lee's startup, Inrupt, has raised about $30 million in its Series A financing round, a source familiar with the matter said.
Riley de León / CNBC:
Brazilian neobank Nubank closes up ~15% in its NYSE debut, giving it a market cap of nearly $50B, after raising $2.6B in its IPO  —  - Brazilian fintech company Nubank made its market debut Thursday on the New York Stock Exchange and is now trading under the ticker symbol “NU.”
New York Times:
EU Commission proposes rules to turn gig workers into employees, affecting up to 4.1M workers; the EU estimates 28M work via digital labor platforms in the bloc  —  A proposal with widespread political support would entitle drivers and couriers for companies like Uber to a minimum wage and legal protections.
Sylvia Varnham O'Regan / The Information:
Meta has moved its artificial intelligence group to the Reality Labs unit, shifting the AI team's focus towards metaverse-related efforts  —  Facebook parent Meta Platforms has moved its artificial intelligence group to the Reality Labs unit developing augmented and virtual reality products …
Tweets: @alexeheath and @amir
C-SPAN.org:
Video of Adam Mosseri's testimony before a Senate Commerce subcommittee examining Instagram's negative effects on teen mental health  —  Instagram CEO testifies on impact of platform on young users before a Senate Commerce subcommittee.
Cat Zakrzewski / Washington Post:
In a letter, Sen. Warren asks the US DOJ and SEC to investigate whether Meta executives knew the company inflated a key metric measuring an ad's potential reach  —  Sen. Elizabeth Warren sent a letter to the DOJ and SEC, after Sen. Maria Cantwell sent a letter to the FTC
Will Douglas Heaven / MIT Technology Review:
DeepMind claims its language model RETRO matches the performance of neural networks 25 times its size, cutting the time and cost to train large language models  —  RETRO uses an external memory to look up passages of text on the fly, avoiding some of the costs of training a vast neural network

Sponsor Posts

Intel:
Managing a Complex Multi-Cloud Environment Requires a Reliable Ecosystem  —  To avoid vendor lock-in and effectively manage your mission critical workload needs, you need a reliable ecosystem and architecture
Vesto:
The treasury management platform built for startups  —  Put your idle cash to work, earn higher yields, and extend your runway with Vesto.
Zoho:
Introducing Advanced Multi-currency Handling  —  Businesses deal with multiple clients across borders and it is a challenging task to collect payments in their preferred currencies.  This is now effortless with our new Advanced Multi-currency Handling.
Census:
Figma's CFO on how they built a $20B business with data  —  From Series B to acquisition, Figma needed Census to scale their business operations on top of their data warehouse.
Climate Draft:
Climate Career Resources for Laid Off Tech Workers  —  Your skills are in demand!  Check out our jobs board, learn about the climate ecosystem, and join our directory to make yourself discoverable to top venture-backed startups.
Techmeme Ride Home:
Tue. 12/06 - Is Elon's Neuralink Cruel To Animals?
The day's tech news, every day at 5pm ET. Fifteen minutes and you're up to date.
Subscribe via Apple Podcasts, Spotify, or RSS.
 

About This Page

This is a Techmeme archive page. It shows how the site appeared at 9:20 PM ET, December 9, 2021.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

More News

Earlier Picks

Mayank Parmar / BleepingComputer: