Techmeme
June 5, 2023, 7:15 AM

Top News

Lawrence Abrams / BleepingComputer:
Atomic Wallet investigates user reports of compromised accounts and tries to block stolen crypto from being sold; a researcher says the hack could exceed $35M+  —  The developers of Atomic Wallet are investigating reports of large-scale theft of cryptocurrency from users' wallets, with over $35 million in crypto reportedly stolen.
Forbes:
Interviews, pitch decks, and internal documents suggest that Stability AI CEO Emad Mostaque's recent success was bolstered by exaggeration and dubious claims  —  Stability AI became a $1 billion company with the help of a viral AI text-to-image generator and — per interviews with more than 30 people …
Cristiano Lima / Washington Post:
Instagram reinstates Robert F. Kennedy Jr.'s account after he launched his presidential bid; he was banned in 2021 over false claims about COVID-19 and vaccines  —  The prominent anti-vaccine campaigner was suspended in 2021 for spreading misleading health claims.
Bloomberg:
Sources: Binance's Richard Teng is the frontrunner to become CEO if CZ steps aside, as the succession issue becomes more urgent amid US regulatory scrutiny  —  In mid-May, cryptocurrency exchange Binance got some bad news in a far-flung corner of its sprawling universe.
Reuters:
Bank records: Binance executive Guangying Chen controlled five Silvergate Bank accounts from 2019 to 2020 belonging to its purportedly independent US affiliate  —  A senior Binance executive was the main operator for five bank accounts belonging to the giant cryptocurrency exchange's purportedly …
Marietje Schaake / Financial Times:
Policymakers should not let tech executives shape the narrative that companies are best placed to regulate AI and should instead rely on independent oversight  —  Policymakers must not let complexity stop them from doing their job  —  The writer is international policy director …
Will Douglas Heaven / MIT Technology Review:
A look at The Frost, a 12-minute movie created by Waymark using DALL-E 2, as startups like Waymark and Runway make AI tools for fast and cheap video production  —  Exclusive: Watch the world premiere of the AI-generated short film The Frost.  —  The Frost nails its uncanny, disconcerting vibe in its first few shots.
Madhumita Murgia / Financial Times:
An interview with sci-fi writer Ted Chiang on AI's limits, how current machines lack consciousness, his 2010 book The Lifecycle of Software Objects, and more  —  The visionary author on the limits of AI, the uses of science fiction — and why there's a ‘market opportunity for volleyballs’
Yvonne Lau / Fortune:
As TSMC plans to hire 4,500 workers at its two Arizona fabs, recruiters say the company's culture, rigid standards, and overseas training turn off candidates  —  On the Glassdoor profile of Taiwan Semiconductor Manufacturing Company, or TSMC—the world's biggest manufacturer of semiconductor chips …

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Jessica Lyons Hardcastle / The Register:
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