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March 3, 2023, 9:45 AM
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| Bloomberg: |
Sources: Foxconn plans to invest ~$700M on a new plant to make iPhone parts on a 300-acre site in Bengaluru, India; the plant is expected to create 100K jobs — Apple Inc. partner Foxconn Technology Group plans to invest about $700 million on a new plant in India to ramp up local production …
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Tweets: @peterzeihan, @joshipralhad, @economictimes, @akams_, and @radcentrism
| Washington Post: |
US civil liberties and digital rights groups are speaking out against calls to ban TikTok, arguing the move would violate users' First Amendment rights — Happy Thursday! If you've ever thought some people in Washington should be in straitjackets, well, I guess you got your wish.
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| New York Times: |
Few US lawmakers are taking action to regulate AI, as many struggle to understand the technology and its dangers, unlike the EU which proposed AI rules in 2021 — Tech innovations are again racing ahead of Washington's ability to regulate them, lawmakers and A.I. experts said.
Tweets: @kbandersen, @ainowinstitute, @jonathancohn, @marcowenjones, and @marcportermagee
| Nikhilesh De / CoinDesk: |
Coinbase, Circle, Paxos, Crypto.com, Bitstamp, Cboe, and Gemini suspend business operations with Silvergate, which reported being “less than well-capitalized” — Silvergate's clients Coinbase, Circle, Paxos, Crypto.com, Bitstamp, Cboe Digital Markets and Gemini said they will suspend business with the bank.
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| Ivan Mehta / TechCrunch: |
Brave Search launches Summarizer, which provides a synopsis of search results for some queries using its own LLM trained to fight “unsubstantiated assertions” — It is raining AI-powered features all across search engines. Today, Brave Search launched a new “Summarizer” …
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| Amanda Darrach / Columbia Journalism Review: |
Q&A with former NYT photo editor Fred Ritchin on AI destroying the credibility of the photo, ensuring readers understand if an image is manipulated, and more — In recent years, artificial intelligence engineers have used millions of real photographs—taken by journalists all over the world …
Tweets: @vcaivano
| Erik Schatzker / Bloomberg: |
Coinbase buys One River, a crypto asset management startup that serves only institutional clients such as pension funds; One River was valued at $186M in 2021 — Coinbase Global Inc., still reeling from a plunge in trading volume on its exchanges, is expanding into a less-volatile corner … | Jeff Horwitz / Wall Street Journal: |
Meta plans to fully or partly implement 26 of 32 Oversight Board recommendations on the cross-check system, including producing regular transparency reports — Meta Platforms accepts most recommendations from its oversight board, but rejects key provisions| The Verge: |
A look at TikTok's viral Bold Glamour filter, which an expert says likely uses generative adversarial networks, amid fears the tool may hurt users' self-esteem — TikTok rolled out new AI tools for filters last month. But the company won't say if its new Bold Glamour effect uses them …
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| Mia Sato / The Verge: |
Memo: CNET EIC Connie Guglielmo, who defended CNET's use of AI tools, plans to step down to become Red Ventures' SVP of AI content strategy and editor-at-large — Following monthslong questions about how CNET uses artificial intelligence tools, longtime CNET editor-in-chief Connie Guglielmo …
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| Michael Novinson / BankInfoSecurity.com: |
HPE acquires cloud security startup Axis Security, reportedly for $500M, via HPE's subsidiary Aruba; Axis has raised $100M in funding to date — Deal Comes As Pressure Increases on Pure-Play Vendors to Deliver Native SASE Stack — Hewlett Packard Enterprise will soon offer …
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FinSMEs, Silicon Republic, Globes Online, CRN, SiliconANGLE, Dark Reading, and CTech
| Christine Hall / TechCrunch: |
Shef, a chef-to-consumer marketplace, raised a $73.5M Series B in June 2022, including $7M in debt, led by CRV with participation from a16z and Amex Ventures — In its quest to turn the culinary talents of passionate home cooks into small businesses, Shef, a chef-to-consumer marketplace, is now taking those efforts nationwide.Sponsor Posts
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