Techmeme
May 6, 2022, 12:35 PM

Top News

Kanishka Singh / Reuters:
SEC says Nvidia has agreed to pay $5.5M to settle charges of “inadequate disclosures” concerning the impact of cryptomining on its gaming business in FY 2018  —  The U.S. Securities and Exchange Commission said Friday it had settled charges against technology company Nvidia Corporation …
Bloomberg:
Sources: China has ordered government agencies and state-backed companies to replace foreign PCs with domestic ones running local OSes in two years  —  China has ordered central government agencies and state-backed corporations to replace foreign-branded personal computers with domestic alternatives within …
Dan Primack / Axios:
Filing: Elon Musk raises $7.14B for his Twitter bid from Saudi Prince Alwaleed, Larry Ellison, Sequoia, VyCapital, Binance, a16z, and others; Ellison gives $1B  —  Elon Musk on Thursday disclosed a group of co-investors in his Twitter takeover.  The names are impressive, but most of their check sizes aren't.
Source: SEC.gov.  More: Insider, BuzzFeed News, CoinDesk, New York Times, Bloomberg, New York Times, Finbold, Wall Street Journal, Financial Times, The Block, CoinQuora, The Information, Protocol, VICE, Bloomberg, Silicon Canals, SiliconANGLE, Protocol, Grit Capital, Bloomberg, TechCrunch, CoinDesk, DealStreetAsia, Forbes, Bitcoin News, The Hollywood Reporter, UPI, Junghoon's Direct Media …, Social Media Today, Reuters, The Register, The Mac Observer, Axios, CNN, Ars Technica, BBC, PYMNTS.com, Bloomberg, CNBC, San Francisco Business Journal, Channel Futures, iMore, Crunchbase News, iPhone in Canada Blog, Newser, Agence France-Presse, CNBC, Bloomberg, Bloomberg, Cryptopolitan, Bloomberg, Silicon Republic, TIME, Cointelegraph, RTÉ, CoinQuora, MarketWatch, The Irish Times, Financial Times, and The Week
Michael Bellusci / CoinDesk:
Block Q1: revenue down 22% YoY to $3.96B, vs. $4.1B est., profit up 34% YoY to $1.29B, and Cash App bitcoin revenue down 51% YoY to $1.73B  —  Fintech and digital payments giant Block Inc. (SQ) reported first-quarter earnings that missed analyst expectations on Thursday after the close.Total Q1 revenue …
Aislinn Keely / The Block:
The CFTC orders BitMEX's three cofounders to pay $10M each for not registering with the agency, and failing to implement anti-money laundering and KYC checks  —  The Commodity Futures Trading Commission (CFTC) has hit the founders of crypto exchange BitMEX with a total of $30 million in civil monetary penalties.
James Clayton / BBC:
The UK's DCMS plans to give the Digital Markets Unit powers to clamp down on Big Tech's “predatory practices”, following reports the UK shelved such plans  —  Large tech companies such as Google and Facebook will have to abide by new competition rules in the UK or risk facing huge fines, the government said.
Bloomberg:
Sources say the UK is delaying Revolut's banking license over concerns about its crypto trading service and whether it can tackle money laundering and fraud  —  Nikolay Storonsky, once a championship swimmer in his native Russia, doesn't like to hang around in the slow lane.
Dan Strumpf / Wall Street Journal:
Sources: Chinese tech companies like Lenovo and Xiaomi are quietly pulling back from Russia; China's tech exports to Russia fell sharply from February to March  —  Firms are pulling back under pressure from U.S. sanctions and suppliers, but stay mum in face of warnings from Beijing

Sponsor Posts

Subquadratic:
SubQ Snap 1.1: the first long-context decision model for real enterprise work  —  Tied for #1 on the AA Decision Index, Snap is a multimodal model with a 384k-token context window for fast reasoning and agentic decisions.
Command Line:
GitHub Universe 2026: Highlights from the developer's developer conference  —  Copilot Fusion was the belle of the ball, but the hero at the heart of the two-day event was the developer community.
Zoho:
Update on Node.js vulnerabilities CVE-2026-111497, CVE-2026-105482, CVE-2026-105483 and CVE-2026-106069  —  Overview On October 21, 2026, Node.js announced security releases for the 26.x, 24.x and 22.x release lines to fix multiple vulnerabilities.
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.

Featured Podcasts

Big Technology Podcast:
Big Tech's Ugly Week, Getting Rich At Anthropic, AI Costs Plunge
The Big Technology Podcast takes you behind the scenes in the tech world featuring interviews with plugged-in insiders and outside agitators.
Subscribe to Big Technology Podcast.
Machine Gods:
OpenAI's Latest Discoveries Spark a Backlash + Help! My Kid Hates AI
The official podcast of the singularity, from Casey Newton and Kevin Roose. Twice-weekly news, analysis, and interviews with the people who are building the future.
Subscribe to Machine Gods.
The Upstarts Podcast:
The Accidental YC Founder Solving AI's GPU Crisis | SF Compute's Evan Conrad
Veteran tech reporter Alex Konrad sits down with breakout entrepreneurs taking on the status quo to shake up their fields in AI, design, nuclear energy, space, and more.
Subscribe to The Upstarts Podcast.
Cheeky Pint:
Why Sam Altman is against a single superintelligence
Stripe cofounder John Collison interviews founders, builders, and leaders over a pint.
Subscribe to Cheeky Pint.
Great Chat:
The case for AI optimism
A podcast mostly about tech. Brought to you weekly by Angela Du, Sally Shin, Mac Bohannon, Helen Min, and Ashley Mayer.
Subscribe to Great Chat.
Sources:
Tobi Lütke on the AI agent revolution and future of Shopify
Candid conversations with the leaders shaping what's next in AI and the broader tech industry. Hosted by Alex Heath, who has covered Silicon Valley for more than a decade.
Subscribe to Sources.
 

About This Page

This is a Techmeme archive page. It shows how the site appeared at 12:35 PM ET, May 6, 2022.

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

Natasha Mascarenhas / TechCrunch:
Ian Sherr / CNET:
Ian Sherr / CNET:
Stefanie Marotta / Bloomberg: