| New York Times: |
Meta announces that Peter Thiel, one of Facebook's first institutional investors and longest-serving directors, will step down from Meta's board this year — The tech billionaire, who has been on the board of the company formerly known as Facebook since 2005, is backing numerous politicians in the midterm elections.| Alan Rappeport / New York Times: |
The IRS says it will transition away from using facial recognition for identity verification, after a bipartisan backlash regarding its use of ID.me services — The tax collection agency will transition away from using a service from the authentication service ID.me amid bipartisan backlash.| Michiel Willems / City A.M.: |
In its annual SEC report, Meta repeats its warning that it may be forced to shut down “significant” services in Europe if the EU adopts new data transfer rules — If Meta is not given the option to transfer, store and process data from its European users on US-based servers … | Mark Gurman / Bloomberg: |
Source: Apple acquires London-based AI Music, which uses AI and royalty-free music to create dynamic soundtracks that change based on user interactions or moods — Apple Inc. acquired a startup called AI Music that uses artificial intelligence to generate tailor-made music … | Todd Bishop / GeekWire: |
Amazon raises its maximum base pay for corporate and tech employees from $160K to $350K, in line with other tech giants, citing a “competitive labor market” — Amazon will boost its maximum base pay to $350,000 for corporate and tech employees, from $160,000 previously … | Sam Reynolds / CoinDesk: |
The Ethereum Name Service DAO, which manages .eth domains, votes to remove Brantly Millegan as a steward over a 2016 tweet; Millegan has refused to apologize — A Tweet from Nick Johnson, founder and lead developer of ENS, confirmed Millegan has been removed from both the DAO and as director of operations of True Names Ltd.| Alex Konrad / Forbes: |
A profile of freight logistics startup Flexport, which is raising a $935M+ Series E co-led by a16z and MSD Partners at an $8B valuation — Founder Ryan Petersen has positioned himself as shipping's savior, earning Flexport a new $8 billion valuation. But industry rivals … | Financial Times: |
Sources: SoftBank's sale of Arm to Nvidia collapses; source says SoftBank will receive a breakup fee of up to $1.25B and plans to unload Arm via an IPO in 2022 — Transaction had faced scrutiny from regulators and was opposed by rivals — SoftBank's $66bn sale of UK-based chip business Arm … | Manish Singh / TechCrunch: |
Ethereum scaling project Polygon raises $450M, its first major financing round, led by Sequoia Capital India; Polygon has a ~$13B market cap — Ethereum scaling firm Polygon has raised $450 million in a new venture financing round as the firm, with a market cap of about $13 billion … | Karl Freund / Forbes: |
Intel announces efforts to accelerate RISC-V development and adoption, including licensing plans, chip manufacturing partners, and a $1B IFS Innovation Fund — This announcement will have a long-lasting impact on the entire semiconductor industry: — Intel must fabricate chips … | Victoria Song / The Verge: |
Samsung adds custom interval training, sleep coaching, and the ability to set body composition goals to Galaxy Watch 4, confirms Google Assistant is coming — If you were hoping for a Google Assistant update, it's ‘coming soon’ — Samsung isn't expected to launch a new smartwatch … | Charles Daly / Bloomberg: |
Price comparison service PriceRunner sues Google in Stockholm's patent and market court for allegedly manipulating search results to favor its own services — Alphabet Inc.'s Google is being sued by Nordic price comparison provider PriceRunner AB for about 22 billion kronor ($2.4 billion) at Stockholm's patent and market court.
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| Danny Nelson / CoinDesk: |
| Catalin Cimpanu / The Record: |
| Gunjan Banerji / Wall Street Journal: |
| Christopher Knaus / The Guardian: |
| J. Clara Chan / The Hollywood Reporter: |