May 12, 2023, 4:35 PM

Top News

Lillian Rizzo / CNBC:
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Washington Post:
A profile of Linda Yaccarino, who has vast experience in ad partnerships, praised Elon Musk publicly, and told colleagues that people get hung up on his tweets  —  Twitter has struggled to generate revenue since Musk took over as CEO, as advertisers have fretted over his sweeping rollbacks of content moderation.
Oppo closes its chip design unit Zeku due to global economic uncertainty; Zeku developed the MariSilicon X image-processing chip used in Oppo's flagship devices  —  Oppo, China's biggest domestic smartphone maker, is closing its chip design business as the global smartphone market extends a prolonged decline.
Ben Schoon / 9to5Google:
Google Bard is now available in 180 countries but not in the EU or Canada; Google says the chatbot will be made available “consistent with local regulations”  —  Yesterday at Google I/O 2023, it was announced that Google Bard would be undergoing a massive expansion, bringing the AI chatbot experiment to 180 countries.
Tracy Wang / CoinDesk:
Binance announces exit from Canada, saying the country's “new guidance related to stablecoins and investor limits” makes the Canadian market “no longer tenable”  —  The world's largest crypto exchange by volume said new guidance related to stablecoins and investor limits prompted the exit.
Rosie Perper / CoinDesk:
NYC-based Tessera, the collective NFT ownership and governance service that launched as Fractional with $20M from Paradigm and others, plans to shut down  —  Co-founder Andy Chorlian tweeted that the decision was made after “carefully analyzing possible market scenarios, our company structure and our financial situation.”
Aidan Ryan / The Information:
Sources: Binance.US and Changpeng Zhao are exploring ways to reduce Zhao's majority company stake, hoping to improve Binance.US' standing before US regulators  —  Binance.US and Changpeng Zhao, the crypto exchange's founder, majority owner and chair, have been exploring ways to reduce his stake …

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