| Financial Times: |
Sources: Alameda sheltered FTX from an up to $1B loss in April 2021 after an FTX trader's MobileCoin trade went bad, wiping out Alameda's 2021 profits — Alameda Research sustained up to $1bn loss last year when client's trade on obscure token went sour — Hedge fund Alameda Research stepped … | Bloomberg: |
Internal doc: Alameda and FTX's largest venture bet was Bitcoin mining company Genesis Digital, investing a total of $1.15B between August 2021 and April 2022 — One of the bigger questions surrounding the collapse of Sam Bankman-Fried's crypto empire is what venture investments … | CNBC: |
| Newley Purnell / Wall Street Journal: |
Ye's Twitter account is suspended after he tweeted a picture of a swastika merged with a Star of David; Elon Musk replied, saying he violated Twitter rules — West, who goes by Ye, recently had his account restored after being banned in October — Kanye West Offers to Buy Parler Amid Backlash Over Anti-Semitic Posts| Ivan Mehta / TechCrunch: |
Google says it is testing end-to-end encryption for RCS-based group chats on its Messages app — Google said today it is testing end-to-end encryption for RCS-based group chats on its Messages app — RCS stands for Rich Communication Services. The company noted that it will be rolling … | Patience Haggin / Wall Street Journal: |
Sources: Twitter offers advertisers generous incentives, including matching $500K to $1M in spending in 2022, in a bid to jump start its faltering business — Advertisers booking at least $500,000 in incremental spending would be matched, up to a $1 million cap — Elon Musk Says Twitter Bankruptcy Is a Possibility.| Richard Waters / Financial Times: |
Palmer Luckey's Anduril, which builds autonomous systems for the US military, raised nearly $1.5B at a $7B pre-money valuation, up from $4.2B in June 2021 — Second-biggest venture capital round of the year in the US values company at $7bn — Defence technology start-up Anduril … | Derek Thompson / The Atlantic: |
A look at some implications for generative AI: “answer engines” replacing search engines, AI mastering cognitive tasks by surveilling how experts work, and more — This is Work in Progress, a newsletter by Derek Thompson about work, technology, and how to solve some of America's biggest problems.| Frederic Lardinois / TechCrunch: |
AWS launches Application Composer, a low-code tool for visually designing and building serverless applications with a drag-and-drop interface — At its re:Invent conference today, AWS announced the launch of AWS Application Composer, a new low-code tool for visually designing and building serverless applications.| Anil Ananthaswamy / Nature: |
DeepMind unveils DeepNash, an AI agent that matches human experts in the board game Stratego by combining game theory and model-free deep reinforcement learning — Anil Ananthaswamy is the author of Through Two Doors at Once, among other books. His next is on the mathematics of machine learning.| Marco Quiroz-Gutierrez / Fortune: |
Stripe debuts a customizable fiat-to-crypto payments widget for Web3 devs to directly embed into their apps; Stripe to handle KYC checks, fraud, and compliance — Payments processing company Stripe on Thursday announced a so-called “fiat-to-crypto on-ramp” to make payments easier for Web3 companies.| Mark Gurman / Bloomberg: |
Sources: Apple ramps up work on a mixed-reality headset, set to launch as early as 2023, and renames its OS from realityOS to xrOS, short for “extended reality” — Apple Inc. is ramping up work on a mixed-reality headset, its first major new product category since the Apple Watch … | Natasha Mascarenhas / TechCrunch: |
Sources: BloomTech, previously Lambda School, is cutting half of staff, or an estimated 88 employees, its third round of known layoffs since the pandemic began — A little over a year after buzzy coding bootcamp Lambda School rebranded as Bloom Institute of Technology …
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| New York Times: |