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March 23, 2023, 8:05 AM
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| CNBC: |
Coinbase says it received an SEC notice warning the exchange of potential US securities law violations that could lead to enforcement actions; COIN drops 10%+ — - The SEC issued crypto exchange Coinbase a Wells notice, warning the exchange that it identified potential violations of U.S. securities law.
More:
Coinbase, Reuters, The Block, U.S. Securities and Exchange Commission, Quartz, Decrypt, Cointelegraph, Crypto Daily, TechCrunch, Bloomberg, Wall Street Journal, ZyCrypto, CryptoSlate, CoinGape, Coinpedia Fintech News, Coinspeaker, Bitcoinist.com, Decrypt, CoinGeek, DL News, NewsBTC, crypto.news, Watcher Guru, CryptoPotato, PYMNTS.com, Financial Times, Bitcoin News, Ethereum World News, CryptoGlobe, Trustnodes, The Verge, and The Information
LinkedIn:
Joel Edgerton, Rick Estacio, Nisa Amoils, Patrick Hillmann, and Aaron Jacob
Tweets:
@brian_armstrong, @iampaulgrewal, @lawtoshi, @brian_armstrong, @brian_armstrong, @adamscochran, @iampaulgrewal, @caitlinlong_, @mdudas, @iampaulgrewal, @pseudotheos, @collins_belton, @scottmelker, @adamsinger, @sadbryce, @smtuffy, @fuckyourputs, @ryansadams, @spreekaway, @ljxie, @chainlinkgod, @panekkkk, @raoulgmi, @twobitidiot, @kamikaz_eth, @sassal0x, @dylanleclair_, @balajis, @hsakatrades, @apedurden, @davidmarcus, @caitlinlong_, @cathiedwood, @sandeepnailwal, @iampaulgrewal, @tier10k, @coinbase, @metalawman, @yugacohler, @northrocklp, @jchervinsky, @brian_armstrong, @annmlipton, @bitfinexed, @icebergy_, @alexmascioli, @viathemoon1, @yugacohler, @annmlipton, @jbsdc, @brianquintenz, @jessepollak, @johnedeaton1, @haileylennonbtc, @stockjabber, @davidgerard, @dctaorg, @lawtoshi, @coinbureau, @alexcusack, @tmuxvim, @joelkatz, @cryptomanran, @dwr, @iampaulgrewal, @timccopeland, @cryptokaleo, @iamdcinvestor, @simondixontwitt, @shaughnessy119, @kamikaz_eth, @brucefenton, @cdixon, @bitfinexed, @m2jr, @sassal0x, @sheila_warren, @cathiedwood, @twobitidiot, @du09btc, @stacyherbert, @bwertz, @fundamentalwolf, @eriz35, @adamscochran, @lesbiaudrey, @heyitsmethedev, @haileylennonbtc, @mattysino, @lawtoshi, @belisarius2020, @iampaulgrewal, @canteringclark, @davidvorick, @jerrycap, @mdudas, @austen, @autismcapital, @davidgokhshtein, @dogetoshi, @crediblecrypto, @pt, @tree_of_alpha, @shivanshumadan, @howardlindzon, @buccocapital, @jongalt14, @carnage4life, @merts_eth, @belisarius2020, @prhillmann, @star_okx, @bradmillscan, @mattysino, @advisercounsel, @__tux, @phil_geiger, @katie_haun, @zeus_algo, @kamikaz_eth, @autismcapital, @jespow, @hsakatrades, @muneeb, @smtuffy, @iamdcinvestor, @tradebutwhy, @davidgokhshtein, @prhillmann, @hwonderofworld, @johnreedstark, @octal, @nickdrakon, @katie_haun, @tundra_v1, and @autismcapital. Thanks:@mattrosoff
| Nikhilesh De / CoinDesk: |
The US SEC sues Tron founder Justin Sun and his companies for the alleged “unregistered offer and sale of crypto asset securities” TRX and BTT, fraud, and more — The SEC alleged TRX, BTT are unregistered securities, and claimed Sun created an “extensive wash trading” program to boost their trading volume.
More:
U.S. Securities …, The Block, Finextra, Washington Post, TorrentFreak, TechCrunch, Cointelegraph, Bloomberg, Coinspeaker, Insider, Bitcoinist.com, Decrypt, CryptoPotato, Coinpedia Fintech News, Pandaily, CoinGeek, CoinGape, Watcher Guru, CryptoGlobe, PYMNTS.com, ZyCrypto, Tech Startups, crypto.news, The Guardian, Reuters, Deadline, Metaverse Post, and Billboard
LinkedIn:
Howard Fischer. Tweets:
@justinsuntron, @secgov, @tier10k, @justinsuntron, @justinsuntron, @jconorgrogan, @danny_mx, @regulatoryjason, @pledditor, @cardea__, @pledditor, @crypto1nfern0, @cryptomichnl, @kylesgibson, @file411, @nerdnationunbox, @smdiehl, @bitfinexed, @bitboy_crypto, @tree_of_alpha, @magiccircletech, @file411, @jeff_foust, @tree_of_alpha, @justinsuntron, @jcoviedo6, and @hsakatrades
| CNBC: |
Lindsay Lohan, Jake Paul, and other celebrities agree to pay a combined $400K to settle SEC charges over promoting TRX and BTT without disclosing compensation — - The SEC unveiled charges against diplomat Justin Sun for fraud and securities violations, while also charging celebrity backers including Jake Paul and Lindsay Lohan.| Stu Woo / Wall Street Journal: |
A profile of TikTok CEO Shou Zi Chew, a Singaporean army reservist and an ex-Goldman Sachs banker, as he prepares to defend TikTok before a skeptical Congress — Singapore army reservist and ex-Goldman banker says misconceptions about Chinese-owned app need to be clarified — How TikTok Could Become a U.S. Company
More:
NPR, Bloomberg, Washington Post, Bloomberg, The Guardian, BBC, Agence France-Presse, Fortune, Insider, and Tubefilter
Tweets:
@liqian_ren, @jchengwsj, @stuwoo, and @wsj
| Washington Post: |
A poll of 1,027 US adults: 41% support a TikTok ban, 25% oppose it, and 71% are concerned that ByteDance is based in China; 17% of US daily users support a ban — As D.C. pushes for action against TikTok, a Washington Post poll finds more support than oppose banning the app| Washington Post: |
More:
Wall Street Journal, Engadget, BBC, Financial Times, New York Times, Reuters, Associated Press, Search Engine Journal, Bloomberg, Fast Company, NPR, The Guardian, Tech Xplore, SiliconANGLE, NBC News, and CyberScoop
Tweets:
@jmbooyah, @10yetis, @drewharwell, @cat_zakrzewski, @drewharwell, @cat_zakrzewski, @viacristiano, @cat_zakrzewski, and @mattnavarra
| Akash Sriram / Reuters: |
Sam Altman says OpenAI has fixed a “significant issue” in ChatGPT after a bug in an open-source library let some users see titles of other users' chat history — ChatGPT-owner OpenAI said on Wednesday it had fixed a bug that caused a “significant issue” of a small set of users …
More:
BBC, Gizchina, and PCMag
Tweets:
@sama, @sama, @mervenoyann, @mitsuhiko, @grady_booch, @cloudquistador, @runewake2, @stshank, @visakanv, @1br0wn, @mxcl, @pkhuong, @suspiriorum2k, @corg_e, and @arthur_spirling
| Meta: |
WhatsApp announces an updated Windows app, which loads faster and enables group video calls with up to eight people and audio calls with up to 32 people — Takeaways — We're launching a new WhatsApp app for Windows desktop that loads faster and enables group video calls with up to eight people …
More:
TechCrunch, 9to5Google, Engadget, MSPoweruser, Phandroid, Techlusive, TweakTown, WABetaInfo, Social Media Today, BigTechWire, and Livemint
Tweets:
@metanewsroom and @wabetainfo
| Giles Turner / Bloomberg: |
Sources: Apple considers bidding for the streaming rights to a range of English soccer games, including showing Premier League games in the UK, following Amazon — Apple Inc. is considering bidding for the streaming rights to a range of English football games, according to people familiar …
More:
MacRumors, 9to5Mac, Reuters, Deadline, and iMore
Tweets:
@graceonfootball, @ivanthek, @cryptoian, @arabianofelix, and @deitaone
| Financial Times: |
Sources: Arm seeks to raise prices for its chip designs by charging device makers based on the value of a device instead of chipmakers based on a chip's value — SoftBank-owned group aims to charge more for each chip design in radical shake-up of business model| Tracy Wang / CoinDesk: |
Court filings: FTX will recover assets worth $460M, including $404M in cash, of the $475M seed capital transferred by Alameda to hedge fund Modulo in 2022 — Alameda Research seeded little-known Bahamas-based hedge fund Modulo Capital with $475 million in 2022. The recovery includes $404 million in cash.
More:
Cointelegraph, Bloomberg, crypto.news, Cryptopolitan, Watcher Guru, and Reuters
| Alex Konrad / Forbes: |
Canva debuts AI-based tools, including Magic Design that makes personalized templates from images and Magic Presentation that creates slideshows from prompts — Covering venture capital, cloud and startups — The ten-year-old Australian startup led by Melanie Perkins said annualized revenue …
More:
The Verge, TechCrunch, Bloomberg, Digital Trends, Australian Financial Review, PCWorld, gHacks Technology News, SiliconANGLE, and Computerworld. Tweets:
@alexrkonrad. Thanks:@alexrkonrad
| Catherine Shu / TechCrunch: |
Singapore-based Kredivo Holdings, formerly called FinAccel, whose services include BNPL, loans, and neobanking, raised a $270M Series D led by Mizuho Bank — The funding landscape in Southeast Asia is still wintery, but one fintech managed to land a major round.
More:
Finextra, Tech in Asia, DealStreetAsia, Kredivo Holdings, and The Economic Times
LinkedIn:
Yash Sankrityayan and Abhijay Sethia
| New York Times: |
A look at RightWingGPT, an experimental AI model fine-tuned to manifest conservative viewpoints, made by a researcher who claims ChatGPT has a left-leaning bias — After criticizing A.I. companies for liberal bias, programmers started envisioning right-wing alternatives, making chatbots a new front in the culture wars.
More:
Rozado's Visual Analytics. Tweets:
@nytimesbusiness, @nytimes, @wolven, @notjessewalker, @davidrozado, @ldrogen, and @nytimesbusiness
| Chavi Mehta / Reuters: |
Accenture plans to lay off 19,000 employees, or 2.5% of its workforce, and lowers its annual forecasts, as the global economic slowdown weighs on IT services — Accenture Plc said on Thursday it would cut about 19,000 jobs and lowered its annual revenue and profit projections …
More:
Reuters, TechCrunch, and Moneycontrol
| Madhumita Murgia / Financial Times: |
Researchers warn of “industrial capture” in AI as companies dominate the sector; 96% of the biggest AI models belonged to companies in 2021, up from 11% in 2010 — A handful of individuals and corporations now control much of the resources and knowledge in the sector
Tweets:
@tonytassell
| Kate Park / TechCrunch: |
South Korea-based luxury goods resale platform Kream raised a ~$168M Series C led by Altos Ventures at a ~$742M valuation, up from ~$306M in October 2021 — The startup funding environment is more challenging right now, but some companies and industries still draw investors' attention and money.| Cade Metz / New York Times: |
Chatbot startup Character.AI raised $150M led by a16z at a $1B valuation, after a $43M seed in December 2021, and plans to raise more from “strategic partners” — Founded by ex-Google employees, the Silicon Valley company is among the few start-ups poised to compete with OpenAI, the creator of ChatGPT.
More:
Reuters, Bloomberg, Andreessen Horowitz, and Coinspeaker
| Patrick Temple-West / Financial Times: |
Intel, IBM, Nvidia, and other chip companies have joined industrial materials businesses to fight proposed clampdowns on “forever chemicals” across the US — Intel helped form lobbying group that has opposed state legislation on PFAS — Intel and other semiconductor companies … | Ellen Huet / Bloomberg: |
A look at Replika's decision to block adult content in its AI companion chatbot; 60% of paying customers had a romantic element in their Replika relationship — Eugenia Kuyda didn't set out to build sexting chatbots. The startup she ran was struggling to find direction when her best friend died in a car crash in 2015.
Tweets:
@ellenhuet, @ellenhuet, @jon_christian, @bw, @alephblog, @xoayquanh, @bradstone, and @ashleevance
Sponsor Posts
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IDrive:
Protecting your Cloud Applications Data — Backing up Office 365, Google Workspace, Dropbox & Box data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.
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Hard Fork:
OpenAI Calls a 'Code Red' + Which Model Should I Use? + The Hard Fork Review of Slop
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A show about the tech industry's inside conversation, hosted by tech reporter Alex Heath and founder whisperer Ellis Hamburger.
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Anthropic's quest to study the negative effects of AI is under pressure
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