June 21, 2023, 4:30 AM

Top News

Jeremy Diamond / CNN:
A look at the White House's urgent push for AI regulation, as Biden meets with a group of AI experts for a non-industry perspective on risks and opportunities  —  President Joe Biden huddled in the Oval Office with several of his top advisers in early April as an aide typed prompts into ChatGPT …
Will Douglas Heaven / MIT Technology Review:
A look at the recent debates in the AI industry over existential risks, as what were once considered extreme views have now become mainstream talking points  —  “Ghost stories are contagious.”  —  Who's afraid of the big bad bots?  A lot of people, it seems.
Xinghui Kok / Reuters:
Memo: Grab CEO Anthony Tan tells staff the company plans to cut 1,000 jobs, or 11% of its workforce, citing costs and a need to ensure more affordable services  —  Singapore-based Grab Holdings (GRAB.O), Southeast Asia's leading ride-hailing and food delivery app, is cutting 1,000 jobs or 11% …
Jay Peters / The Verge:
Reddit suspended some moderators after they changed their subreddits to NSFW; Reddit says the mods violated its policy by incorrectly marking subreddits as NSFW  —  Reddit has started removing moderator teams managing subreddits that switched the labeling on their communities to Not Safe For Work …
Tom Warren / The Verge:
Microsoft's Satya Nadella, Activision's Bobby Kotick, and Sony's Jim Ryan plan to testify in court over the FTC's bid to block the Microsoft-Activision deal  —  Microsoft is sending CEO Satya Nadella, Xbox chief Phil Spencer, and many other Xbox executives to defend against its Federal Trade Commission …
Kat Bailey / IGN:
In a reorganization, EA splits EA Games and EA Sports, renaming the former as EA Entertainment, hinting at the company's possible expansion beyond games  —  EA is undergoing a major internal reorganization, with EA Games being renamed “EA Entertainment.”  —  Electronic Arts is undergoing …
Kana Inagaki / Financial Times:
Masayoshi Son says SoftBank plans to go on the “counteroffensive” soon by resuming AI investments; the group has $35B+ after halting investments in recent years  —  Billionaire chief talks up AI and reveals he had breakdown in October where he questioned his achievements as an entrepreneur
Todd Bishop / GeekWire:
Apple machine learning leader Ali Farhadi, who sold to Apple for ~$200M in 2020, departs to become the Allen Institute for Artificial Intelligence's CEO  —  Ali Farhadi, a computer vision specialist and startup founder who most recently led Apple's machine learning initiatives …
Alexander Osipovich / Wall Street Journal:
Crypto exchange EDX Markets, backed by Citadel, Fidelity, and Charles Schwab, quietly began executing trades via its “noncustodial” service in recent weeks  —  EDX Markets won't directly handle customers' digital assets or directly serve individual investors
Martin Matishak / The Record:
The US DOJ announces NatSec Cyber, a new section within its National Security Division that will focus on prosecuting malicious foreign cyber activity  —  The U.S. Department of Justice is adding a new section to its National Security Division that will focus on prosecuting malicious foreign cyber activity …
Neesha A. Tambe / TechCrunch:
Render, which provides developers cloud-based services for hosting code, deploying web apps, and more, raised a $50M Series B led by Bessemer Venture Partners  —  Cloud platform startup Render closed a $50M series B round led by Bessemer Venture Partners.  Additional participation …
Zac Hall / 9to5Mac:
iOS 17 and macOS Sonoma betas automatically generate Apple ID passkeys; Apple․com and iCloud․com add passkey support so users can sign in without a password  —  You can now forgo entering your password on and domains thanks to newly added passkey support.
Jesse Levine / Bloomberg:
A profile of Alibaba's next Chairman Joseph Tsai, a longterm Jack Ma ally who has become a prominent blockchain investor since co-founding the ecommerce company  —  Alibaba Group Holding Ltd. is bringing back Joseph Tsai, who has become a prominent blockchain proponent and owner …
Kevin Purdy / Ars Technica:
A look at the vagueness and implications of the EU's plan to require portable batteries, including those in smartphones, be “readily removable and replaceable”  —  Should you have to melt glue?  Which tools do you need?  What about pricing?  —  Whenever regulation passes …
Kyle Wiggers / TechCrunch:
ElevenLabs, whose AI tech can turn text into speech using synthetic or cloned voices, raised a $19M Series A, a source says at a $99M post-money valuation  —  ElevenLabs, the viral AI-powered platform for creating synthetic voices, has raised a new round of cash.
Aisha Malik / TechCrunch:
Spotify updates its desktop app with redesigned “Your Library” and “Now Playing” user interfaces, meant to align the experience with the company's mobile app  —  Spotify is updating its desktop experience with redesigned “Your Library” and “Now Playing” interfaces, the company announced on Tuesday.
Joel Rosenblatt / Bloomberg:
In a proposed class-action lawsuit, current and former Twitter staff allege the company refused to pay 2022 bonuses despite promising to pay 50% of the amount  —  Twitter Inc. employees sued the social media company claiming it refuses to pay 2022 bonuses, despite promises that they would be paid out at 50% of their target amounts.

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