March 3, 2023, 4:45 PM

Top News

Matt Day / Bloomberg:
Amazon pauses second phase of construction of its HQ2 in Virginia as it reassesses office needs following its deepest-ever job cuts; phase one nears completion  — Inc. is pausing construction on its sprawling second headquarters near Washington, a decision that coincides …
Wall Street Journal:
Internal docs detail efforts by Tether Holdings and Bitfinex to maintain access to the global banking system by using shadowy intermediaries and shell companies  —  Tether Holdings and related crypto broker obscured identities, documents show  —  In late 2018, the companies behind …
Sources: Founders Fund cut Fund VIII, which is expected to start deploying capital in Q2 2023, from ~$1.8B to ~$900M; the money will be pushed to its ninth fund  —  Founders Fund has quietly cut the size of its eighth venture capital fund in half, from around $1.8 billion to around $900 million, Axios has learned from multiple sources.
Mitchell Clark / The Verge:
Meta cuts the price of Quest Pro, its mixed and virtual reality headset meant for business users, from $1,500 to $1,000, and its 256GB Quest 2 from $500 to $430  —  Mark Zuckerberg has announced that the Meta Quest Pro, the company's mixed and virtual reality headset focused on business users …
New York Times:
US lawmakers warn about AI, but few are trying regulation and many struggle to understand the tech and its dangers; EU policymakers proposed AI rules in 2021  —  Tech innovations are again racing ahead of Washington's ability to regulate them, lawmakers and A.I. experts said.
Sources: Foxconn plans to invest ~$700M to build a plant for 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 …
Erik Schatzker / Bloomberg:
Coinbase acquires One River, a crypto asset management startup that serves only institutional clients, like 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 …
Ivan Mehta / TechCrunch:
Brave Search debuts Summarizer, a feature that offers a search results synopsis for some queries using Brave's LLM trained to fight “unsubstantiated assertions”  —  It is raining AI-powered features all across search engines.  Today, Brave Search launched a new “Summarizer” …
Mitchell Clark / The Verge:
One month after Elon Musk said Twitter started sharing ad revenue from reply threads with users who pay for Twitter Blue, Twitter has yet to provide any details  —  “Starting today, Twitter will share ad revenue with creators for ads that appear in their reply threads,” he said …

Sponsor Posts

We need startups to fight prompt injection, the top LLM security risk  —  Check out our AI security market map, and reach out if you're building a way to defend chatbots from this new hacking technique.
Tribe AI:
Is AI just hype?  —  Find out how top enterprises use Tribe to get real business results.
Techmeme Leaderboards:
Discover the top reporters on AI, VR, policy, and much more  —  We've analyzed Techmeme's news crawl to identify the most influential and prolific writers on 48 news topics.  Download reports immediately for just $100.
Relive the magic of the SA20 2024 cricket tournament with these insightful stats dashboards  —  The SA20 cricket tournament for 2024 was another great success, and we at Zoho had an amazing experience as their official business technology partner.
Techmeme Ride Home:
Tue. 02/27 - Gaming Continues To Be A Bloodbath
The day's tech news, every day at 5pm ET. Fifteen minutes and you're up to date.
Subscribe via Apple Podcasts, Spotify, or RSS.

About This Page

This is a Techmeme archive page. It shows how the site appeared at 4:45 PM ET, March 3, 2023.

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

Earlier Picks

Mia Sato / The Verge:
Washington Post:
The Verge:
Nikhilesh De / CoinDesk:
John Tozzi / Bloomberg:
Tom Warren / The Verge: