Techmeme
May 12, 2022, 7:30 AM

Top News

Joanna Ossinger / Bloomberg:
After UST's collapse, most rival algorithmic stablecoins are below the dollar peg; Tether and USDC, the two largest, are mostly holding their dollar peg  —  Stablecoins besides TerraUSD are failing to live up to their billing as the collapse of the algorithmic token has investors pondering …
Andrew Rummer / The Block:
Tether, the largest stablecoin, briefly drops to a 24-hour low of $0.96; Finance USD and USDC are trading at $1.08 and $1.09, respectively  —  Quick Take  — Tether dropped below $0.96 on Thursday morning.  — The stablecoin is designed to keep a constant peg with the dollar.
CoinDesk:
Ryan Browne / CNBC:
Kyle Bradshaw / 9to5Google:
Google updates Maps with an “immersive view”, which combines Street View and aerial shots, for select cities, and will let third-party apps use Live View's AR  —  At Google I/O 2022, the company unveiled improvements for Google Maps including a new “immersive view” …
Damien Wilde / 9to5Google:
Sarah Perez / TechCrunch:
Financial Times:
Brian Armstrong says there's “no risk of bankruptcy” after Coinbase said in its filing that its users might lose all their crypto if the exchange goes bankrupt  —  Shares in crypto exchange fall 23% after bleak results and new risk disclosure  —  Shares in cryptocurrency exchange …
Adi Robertson / The Verge:
A US appeals court rules 2-1 to let Texas enforce a social media law stopping Twitter, Facebook, and other services with 50M+ users from moderating content  —  A judge blocked a similar law in Florida on First Amendment grounds  —  The controversial Texas social media law HB 20 …
Ben Schoon / 9to5Google:
Crystal Tse / Bloomberg:
Sources: Instacart confidentially filed documents for an IPO, which could happen as soon as 2022, though the timing could slip or the startup could stay private  —  Instacart Inc., the grocery delivery platform, has confidentially filed documents for an initial public offering, according to people with knowledge of the matter.
Damien Wilde / 9to5Google:
Google unveils the $449 Pixel 6a, with its Tensor chip, 6.1" OLED screen, in-display fingerprint sensor, 12.2MP wide and 12MP ultra-wide rear cameras, and more  —  During the annual I/O Developer conference Google has officially launched the affordably-focused Pixel 6a which acts …
Jay Peters / The Verge:
After mocking Apple for removing the iPhone headphone jack in an August 2021 ad for the Pixel 5a, Google quietly removes the headphone jack on the Pixel 6a  —  The Pixel 6A offers a lot of good features, but not a headphone jack  —  Google just revealed the Pixel 6A at Google I/O on Wednesday …
Brian Heater / TechCrunch:
Google plans to launch an Android-based Pixel Tablet in 2023, with speakers and a rear camera, after killing its Chrome OS-based Pixel Slate in February 2021  —  Offering a sneak preview of the Pixel 7 wasn't enough, so Google's really leaning in.  Today at I/O, the company announced …
Abner Li / 9to5Google:
Google unveils the Pixel Watch with a round glass cover that curves all the way to the metal sides, Fitbit integration, and a clickable crown, coming this fall  —  At I/O 2022, Google finally confirmed that it's making the Pixel Watch.  That said, we only got a teaser as it's not coming until later this year.
Jay Peters / The Verge:
Twitter launches Data Dash, a browser game intended to help explain some of its privacy settings, as part of a bigger push around its rewritten privacy policy  —  Avoid ads and trolls in Twitter Data Dash  —  Twitter released a new browser game on Wednesday that's intended to help explain some of its privacy settings.
Sam Nussey / Reuters:
SoftBank reports a $26.2B full year loss for its Vision Fund unit, leading the group to a $13.15B annual net loss, as stocks decline and inflation rises  —  SoftBank Group Corp (9984.T) reported on Thursday a record loss of $26.2 billion at its Vision Fund unit as the tech conglomerate's portfolio …

Sponsor Posts

Subquadratic:
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.
Cloudflare:
Cloudflare Connect 2026: The Agentic Conference  —  Stop preparing for agents.  Start running them.  100+ sessions, workshops, and speakers from OpenAI, Arm, and Cloudflare across AI, security, and performance.
Zoho:
App Spotlight: Google Sheets Magic Lookup for Zoho CRM  —  Our App Spotlight brings you hand-picked apps to enhance the power of your Zoho apps and tools.  Visit Zoho Marketplace to explore all apps, integrations …
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:
Special Report: Will AI Wipe Out Humanity? (And Who Profits)
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.
Channels with Peter Kafka:
The Atlantic's CEO on AI, Billionaire Owners, and Moonlighting as a Creator
Media and tech aren't just intersecting - they're fully intertwined. To understand how those worlds work, Peter Kafka talks to industry leaders, upstarts and observers.
Subscribe to Channels with Peter Kafka.
Sources:
Mark Zuckerberg on Muse, Meta's biggest AI bet yet
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.
Lenny's Podcast:
How we built Grok Bot in a month | Roman Ugarte (SpaceXAI)
Interviews with world-class product leaders and growth experts to uncover actionable advice to help you build, launch, and grow your own product.
Subscribe to Lenny's Podcast.
Invest Like the Best:
Walter Russell Mead - How America Keeps Winning
The leading destination to learn about business and investing. We do this by showcasing exceptional talent and ideas.
Subscribe to Invest Like the Best.
Grit:
The AI Race Has a Leaderboard | Arena CEO Anastasios Angelopoulos
Grit explores what it takes to create, build and scale world-class organizations.
Subscribe to Grit.
 

About This Page

This is a Techmeme archive page. It shows how the site appeared at 7:30 AM ET, May 12, 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

Aaron Gordon / VICE:

Earlier Picks

Alex Weprin / The Hollywood Reporter:
Brian Heater / TechCrunch:
Makena Kelly / The Verge:
Stephen Shankland / CNET:
Sara Fischer / Axios:
Sami Fathi / MacRumors: