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July 12, 2022, 2:10 PM
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| Wired: |
Employees say “Twitter is a shit show internally”, fed up by weak leadership and a lack of management 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.| 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, and Gizmodo
Tweets: @natesilver538, @elonmusk, @danprimack, @pt, @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, CoinDesk, CNBC, Reuters, CoinDesk, CoinQuora, Blockworks, Crowdfund Insider, The Block, Crypto Briefing, Ethereum World News, Crypto Daily, crypto.news, Protos, CryptoPotato, 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
| 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 Verge, The Guardian, Bloomberg, Reuters, The Independent, Washington Post, Rolling Stone, Fortune, and Forbes
Tweets: @elonmusk, @elonmusk, @breitbartnews, @elonmusk, @mollyjongfast, @markfollman, @noliewithbtc, @staska, @elonmusk, @elonmusk, and @elonmusk
| Jamie Crawley / CoinDesk: |
Animoca Brands announces a $75.32M raise at a $5.9B valuation, the second tranche of its $360M round in January 2022 that valued the NFT company at $5.5B — 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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animocabrands, The Block, Metaverse Post, VentureBeat, Crypto Daily, Reuters, and Crypto Briefing. Tweets: @animocabrands
| Yogita Khatri / The Block: |
Multicoin Capital announces its third fund, worth $430M and closed in January 2022, with co-founders Kyle Samani and Tushar Jain as its largest limited partners — - Multicoin Capital has announced its third fund worth $430 million, which closed in January.| 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 …
| Annie Palmer / CNBC: |
Filing: Amazon and the Fred Hutchinson Cancer Research Center are developing “personalized” cancer vaccines and have launched an FDA-approved clinical trial — - Amazon is working with the Fred Hutchinson Cancer Center to develop cancer vaccines, according to a filing.| 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 and The Block
| Michael Kan / PCMag: |
The FTC plans to crack down on tech companies' illegal use and sharing of “location, health, or other sensitive data” and false claims about data anonymization — ‘Companies that make false claims about anonymization can expect to hear from the FTC.’
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Federal Trade Commission, CNN, The Verge, Engadget, and SiliconANGLE
Tweets: @wendyndavis, @karlbode, @tonyajoriley, @ambaonadventure, @loupas, @eric_seufert, @swiftstories, @viacristiano, @ftc, and @edmpirg
| Natasha Lomas / TechCrunch: |
After regulatory scrutiny, TikTok plans to pause a privacy update in Europe due on July 13, whereby it would stop asking users for consent to track them for ads — TikTok has agreed to pause a controversial privacy policy update in Europe, which had been due to happen tomorrow … | Melissa Heikkilä / MIT Technology Review: |
BigScience, an effort by 1K+ AI researchers and NLP startup Hugging Face, releases BLOOM, an open-access multilingual language model bigger than GPT-3, for free — 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
| J. Clara Chan / The Hollywood Reporter: |
Spotify acquires Heardle, describing the music trivia game inspired by Wordle as a “tool for musical discovery”, and 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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TechCrunch, Adweek, Gizmodo, Engadget, Axios, Spotify, 9to5Mac, Android Central, Android Police, Dexerto, Mashable, CNBC, Deadline, and Variety
Tweets: @om, @mrdiscopop, @jake_k, @brianstelter, @loudmouthjulia, @martinsfp, and @kerrymflynn
| Benjamin Mullin / New York Times: |
Medium founder Evan Williams says he is stepping down as CEO, to be replaced by Tony Stubblebine, and plans to start a new holding company and research lab — Mr. Williams, the company's founder and a co-founder of Twitter and Blogger, said in a post that he planned to start a new holding company and research lab.| 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, Coinspeaker, Benzinga, and Tech News
| 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 … | Kyle Wiggers / TechCrunch: |
SingleStore, which helps businesses manage data across on-premises and cloud apps, raised a $116M Series F extension valuing it at $1B+ and led by Goldman Sachs — SingleStore, a provider of databases for cloud and on-premises apps and analytical systems, today announced that it raised …
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Reuters and VentureBeat
| Todd Spangler / Variety: |
Google says YouTube TV has 5M+ subscribers including free trial users, making it the US' biggest internet pay-TV provider and fifth-largest TV distributor — Google says YouTube TV has surpassed 5 million accounts — making it the U.S.'s biggest internet-based pay TV service.| 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, Tech.eu, AltFi, Bloomberg, Insider, and EU-Startups. Tweets: @julian_teicke
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