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July 12, 2022, 1:10 PM
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| Wired: |
Twitter employees say it's a “shit show internally”, exasperated by weak leadership and lack of support amid targeted harassment from outside the company — Days after the deal to buy Twitter fell apart, fed-up employees say they are being kept in the dark.
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New York Times, Newslit Daily, Observer, CNBC, The Block, Financial Times, Barron's Online, RTÉ, iPhone in Canada Blog, Benzinga, Insider, TechSpot, Dexerto, and Politico. Tweets: @alfonslopeztena. Thanks:@stokel
| Kurt Wagner / Bloomberg: |
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SEC.gov, The Verge, Ars Technica, TechCrunch, Neowin, Silicon Republic, Wall Street Journal, CNN, Benzinga, Engadget, TheStreet, Variety, Quartz, Adweek, and SiliconANGLE
Tweets: @natesilver538, @elonmusk, @pt, @danprimack, @kurtwagner8, and @scottnover
| Jeremy Hill / Bloomberg: |
Liquidators say they can't find Three Arrows Capital founders Kyle Davies and Zhu Su, and seek to subpoena them to prevent the dissipation of the fund's assets — The founders of bankrupt crypto hedge fund Three Arrows Capital haven't been cooperating in the firm's liquidation process …
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Reuters, CNBC, Decrypt, CoinDesk, Reuters, CoinDesk, Blockworks, CoinQuora, Crowdfund Insider, crypto.news, The Block, Crypto Briefing, Ethereum World News, Crypto Daily, Protos, The Verge, Tech in Asia, CryptoPotato, Web3 is going just great, and Cryptonews
Tweets: @zhusu, @coindesk, @ipodave, @ideagov, @silvermanjacob, @justinaknope, @priapusiq, @jason, @thomastthai, and @bitfinexed
| Jamie Crawley / CoinDesk: |
Animoca Brands says it has completed a $75.32M raise, which was the second tranche of its January raise, pushing its valuation from $5.5B up to $5.9B — The infusion is the second tranche of January's funding round, which nabbed almost $360 million and valued the investment company at $5.5 billion.
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The Block, animocabrands, VentureBeat, Reuters, Crypto Daily, and Crypto Briefing. Tweets: @animocabrands
| J. Clara Chan / The Hollywood Reporter: |
Spotify buys Heardle, a music trivia game inspired by Wordle, describing it as a “tool for musical discovery” and with plans to keep it as a standalone site — The game, which challenges users to identify a song based on short audio clips, will remain free to play for users.
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Spotify, The Verge, TechCrunch, Engadget, Game Developer, Axios, 9to5Mac, Android Police, Android Central, Dexerto, Mashable, CNBC, Deadline, and Variety
Tweets: @om, @mrdiscopop, @jake_k, @brianstelter, @loudmouthjulia, @martinsfp, and @kerrymflynn
| Gareth Vipers / Wall Street Journal: |
Elon Musk, in replies to a Breitbart tweet about Trump calling him a “bullshit artist”, says Trump should “hang up his hat” and DeSantis would easily beat Biden — Former president had mocked the Tesla boss's attempt to take over Twitter
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The Hill, The Guardian, Bloomberg, Reuters, The Independent, Washington Post, Rolling Stone, Fortune, and Forbes
| Sylvia Varnham O'Regan / The Information: |
In an internal post, Meta Vice President of Remote Presence and Engineering Maher Saba instructed managers to identify and “move to exit” poor performers — Meta Platforms' Vice President of Remote Presence and Engineering Maher Saba has instructed managers to identify and …
| Michael Kan / PCMag: |
The FTC says it will crack down on tech companies' illegal use and sharing of highly sensitive data and false claims about data-anonymization — ‘Companies that make false claims about anonymization can expect to hear from the FTC.’ … Lots of websites and apps like to claim your data is …
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Federal Trade Commission, CNN, The Verge, Engadget, and SiliconANGLE
Tweets: @wendyndavis, @karlbode, @tonyajoriley, @eric_seufert, @ambaonadventure, @loupas, @swiftstories, @viacristiano, @ftc, and @edmpirg
| Yogita Khatri / The Block: |
Multicoin Capital announces its third fund, which closed in January and is worth $430M; cofounders Kyle Samani and Tushar Jain are the fund's largest LPs — - Multicoin Capital has announced its third fund worth $430 million, which closed in January. — Co-founders Kyle Samani … | Annie Palmer / CNBC: |
Filing: Amazon is developing “personalized” cancer vaccines in partnership with the Fred Hutchinson Cancer Center and is part of an FDA-approved clinical trial — - Amazon is working with the Fred Hutchinson Cancer Center to develop cancer vaccines, according to a filing.| Natasha Lomas / TechCrunch: |
After scrutiny, TikTok will pause a privacy update in Europe, due for July 13, whereby it would stop asking users for consent to be tracked to receive ads — TikTok has agreed to pause a controversial privacy policy update in Europe, which had been due to happen tomorrow …
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Cybernews.com, Silicon Republic, and The Hacker News
Tweets: @zamaan_qureshi and @carnage4life
| Melissa Heikkilä / MIT Technology Review: |
BigScience, an effort by 1K+ researchers and NLP startup Hugging Face, releases BLOOM, an open-access multilingual large language model bigger than GPT-3 — A group of over 1,000 AI researchers has created a multilingual large language model bigger than GPT-3—and they're giving it out for free.| Kyle Wiggers / TechCrunch: |
OpenAI rival AI21 Labs raised a $64M Series B valuing the company at $664M, as the Tel Aviv-based startup expands services on top of its large language models — The enterprise is bullish on AI systems that can understand and generate text, known as language models.
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VentureBeat, FinSMEs, Geektime, SiliconANGLE, ZDNet, and Globes Online
| Lulu Yilun Chen / Bloomberg: |
Sources: China decided to rein in Tencent after two scandals, including a secret WeChat project to use data to predict new Politburo standing committee members — Imagine for a second life before smartphones. Simple tasks—ordering takeout, staying in touch—become frustratingly difficult, never mind dealing with emergencies.
Tweets: @luluyilun, @sandyhendry, @hancocktom, @shiraovide, and @pingroma
| Arjun Kharpal / CNBC: |
XPeng Robotics, an affiliate of Chinese electric carmaker XPeng, raised $100M led by IDG, as it aims to commercialize household robotics in the next two years — - Xpeng Robotics on Tuesday said it raised $100 million as the affiliate company of Chinese electric carmaker Xpeng aims …
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Business Wire, South China Morning Post, Electrek, Benzinga, and Tech News
| Paul Sawers / TechCrunch: |
Wefox, a Berlin-based digital insurer focused on personal insurance products, raised a $400M Series D at a post-money valuation of $4.5B, up from $3B in 2021 — European insurance tech startup Wefox has raised $400 million in a series D round of funding, giving the German company a post-money valuation of $4.5 billion.
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Silicon Republic, FinSMEs, Finextra, Bloomberg, Insider, Tech.eu, AltFi, and EU-Startups. Tweets: @julian_teicke
| Shaurya Malwa / CoinDesk: |
Solana-based STEPN reports $122.5M in Q2 profits, after earning $26M in Q1; 5% of the profits will go toward a buyback and burn program of its native GMT token — The team will use 5% of the profits to initiate a buyback and burn program of its native GMT tokens.
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STEPN Official
| Kyle Wiggers / TechCrunch: |
Tecton, which helps enterprises deploy real-time ML models faster with less data engineering effort, raised a $100M Series C led by Kleiner Perkins — Machine learning can provide companies with a competitive advantage by using the data they're collecting — for example, purchasing patterns … | Joe Schneider / Bloomberg: |
Google countersues Match, accusing it of bad faith dealings and breach of contract, after Match sued Google in May over alleged monopolistic billing policies — Google has sued Match Group Inc., accusing the dating-app service of bad faith dealings and breach of contract in provoking a legal battle over Google Play policies.Sponsor Posts
Brightspot:
Is your CMS solving your content problems, or creating new ones? — In a commissioned study written and conducted by Forrester, we revealed that 72% plan to change their CMS platform, is your organization one of them?
Is your CMS solving your content problems, or creating new ones? — In a commissioned study written and conducted by Forrester, we revealed that 72% plan to change their CMS platform, is your organization one of them?
Prelay:
How Public Tech Companies De-risk Millions in Revenue Loss — Complex products and hybrid teams are today's major growth challenges. With 50-70% of revenue driven by internal teams beyond sales, how is your org adapting?
How Public Tech Companies De-risk Millions in Revenue Loss — Complex products and hybrid teams are today's major growth challenges. With 50-70% of revenue driven by internal teams beyond sales, how is your org adapting?
Zoho:
UCaaS and hybrid work: A match made in heaven — The pandemic, the option to WFM (work from the mountains), and an abundance of co-working spaces have fueled the rise of hybrid work.
UCaaS and hybrid work: A match made in heaven — The pandemic, the option to WFM (work from the mountains), and an abundance of co-working spaces have fueled the rise of hybrid work.
Vesto:
The treasury management platform built for startups — Put your idle cash to work, earn higher yields, and extend your runway with Vesto.
The treasury management platform built for startups — Put your idle cash to work, earn higher yields, and extend your runway with Vesto.Who's Hiring In Tech?
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