Techmeme
May 30, 2023, 1:35 PM

Top News

Kevin Roose / New York Times:
OpenAI and DeepMind execs, Geoffrey Hinton, and 350+ others release a statement saying “mitigating the risk of extinction from AI should be a global priority”  —  Leaders from OpenAI, Google Deepmind, Anthropic and other A.I. labs warn that future systems could be as deadly as pandemics and nuclear weapons.
Rohan Goswami / CNBC:
Nvidia opens at a $1T market cap, joining Apple, Microsoft, Google, and Amazon, after raising its Q2 revenue forecast due to AI demand; NVDA is up 166.5%+ YTD  —  - Nvidia briefly hit a $1 trillion market cap at the start of trading Tuesday  — Nvidia shares are trading at around $409 a share.
Bloomberg:
Sources: Binance discusses a proposal to let some institutional clients use bank deposits as collateral for margin trading, to help reduce counterparty risk  —  Binance is discussing a proposal to let some of its institutional clients keep their trading collateral at a bank instead …
Wall Street Journal:
Analysis: of 460 companies that did SPAC deals, insiders at 232 sold $22B in shares in well-timed trades; Chamath Palihapitiya made $310M selling Virgin stock  —  Executives and early investors sold shares worth $22 billion  —  The SPAC boom cost investors billions.
Nicole Carpenter / Polygon:
A viral clip from Nintendo's Tears of the Kingdom shows Link unfurling a bridge, wowing game developers; Nintendo reportedly spent a year polishing the game  —  What looks simple is actually very hard to make  —  There's a bridge to cross the lava pit in The Legend of Zelda: Tears of the Kingdom's Marakuguc Shrine, but it's broken.
Alexandra S. Levine / Forbes:
Sources: TikTok stored highly sensitive financial and personal information of its biggest stars, including those in its Creator Fund, on servers in China  —  TikTok has stored the most sensitive financial data of its biggest stars — including those in its “Creator Fund” — on servers in China.
Suvashree Ghosh / Bloomberg:
Binance names Richard Teng to run all regional markets outside the US, a swift ascension for the executive that joined in August 2021, as CZ comes under fire  —  Binance tapped Richard Teng to head all its regional markets outside of the US, a swift and steady ascension for the executive …
Bloomberg:
CCData: trading on Gemini dropped ~50% YoY to ~$747M in April; Kaiko says trading fell 46% in January to April from September to December, ~6x Coinbase's drop  —  Since going all-in on Bitcoin over a decade ago, Tyler and Cameron Winklevoss have had their share of ups and downs.

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Techmeme Ride Home:
Tue. 12/05 - 23andMe Hack Just Keeps Getting Worse
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Earlier Picks

Bill Toulas / BleepingComputer:
Gavin Bonshor / AnandTech:
Bloomberg: