Techmeme
January 24, 2022, 2:15 PM

Top News

CNBC:
The cryptocurrency market has lost ~$130B over the past 24 hours; bitcoin and ether reached their lowest levels since July and are down 50%+ from all-time highs  —  - The cryptocurrency market had around $130 billion wiped off its value over 24 hours as the multi-day sell-off of major digital coins accelerated.
James Vincent / The Verge:
Meta unveils AI Research SuperCluster, a supercomputer for ML training, claiming it will have 16K GPUs and be the world's fastest upon completion in mid-2022  —  Designed to train the next-generation of machine learning systems  —  Social media conglomerate Meta is the latest tech company to build an …
Cat Zakrzewski / Washington Post:
District of Columbia, Texas, Washington, and Indiana AGs sue Google for allegedly deceiving users to gain access to their location data from at least 2014  —  The complaints allege the company has deployed ‘dark patterns,’ design tricks that can subtly influence users' decisions in ways that are advantageous for a business
Sami Fathi / MacRumors:
The Netherlands fines Apple €5M, saying Apple's IAP payment changes “failed to satisfy the requirements”; the fine rises €5M/week to €50M until Apple complies  —  The Dutch Authority for Consumers and Markets (ACM) has ruled that Apple's plan to allow App Store dating apps …
Elliptic Blog:
Research: an OpenSea bug is being exploited to purchase NFTs at below-market rates before flipping them, netting $1M+ across at least eight NFTs in 12 hours  —  A bug is being exploited to purchase NFTs from users of OpenSea, at well below market value.  Since this morning …
Wall Street Journal:
Internal docs: Facebook's low-data service for developing countries, advertised as being free, has regularly led to unexpected charges for users for months  —  Its program for low-income countries, designed to boost growth outside the U.S., leads to unexpected charges; the company blames software glitches
Kirsty Needham / Reuters:
Australian PM Scott Morrison lost control of his official WeChat account months ago, while the still-active account now promotes Chinese life in Australia  —  Australia's Prime Minister Scott Morrison's Liberal Party lost access to his official WeChat social media account months ago …
Javier Espinoza / Financial Times:
Hundreds of German advertisers and publishers, including Axel Springer, say Google is breaking EU law by phasing out third-party cookies from Chrome by 2023  —  Axel Springer among the media groups demanding that Brussels intervene on search giant's plan  —  Google is facing a fresh complaint …
Manish Singh / TechCrunch:
Indian food delivery service Swiggy raises a $700M Series K led by Invesco, source says at a $10.7B valuation; Swiggy was valued at $5.5B in July 2021  —  Swiggy, India's top food delivery startup, has raised $700 million in a new financing round, just six months after securing $1.25 billion …
Ingrid Lunden / TechCrunch:
Deliverect, which integrates online orders from various food delivery services into restaurants' POS systems, raises a $150M Series D at a $1.4B+ valuation  —  As we have started to see the light at the end of the Covid-19 tunnel, food delivery has shaped up to continue to be a major business.
Sylvia Pfeifer / Financial Times:
Autonomous air taxi startup Wisk Aero, a joint venture between Boeing and Kitty Hawk, raises $450M from Boeing  —  US manufacturer's Wisk investment is latest sign of investor appetite in emerging sector  —  Boeing has committed another $450m in an existing joint venture focused …
More: Reuters
Michael Pooler / Financial Times:
Report: VC investment into Latin America reached $15.3B in 2021 across 650+ deals, up from a record $4.9B in 2019; fintech was 39% of all investments  —  Fintech continues to be biggest draw as 16 new ‘unicorns’ minted in the region  —  Venture capital investment into Latin America has tripled …
More: Bloomberg

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Earlier Picks

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M.G. Siegler / 500ish:
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