Techmeme
July 7, 2023, 6:30 AM

Top News

Max Tani / Semafor:
Twitter threatens to sue Meta over Threads, saying Meta “engaged in systematic, willful, and unlawful misappropriation of Twitter's trade secrets” and other IP  —  Twitter is threatening legal action against Meta over its new text-based “Twitter killer” platform …
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Jonathan Vanian / CNBC:
More: Washington Post, Meta, TechCrunch, Wired, The Verge, Financial Times, Business Post, New York Times, Neowin, Guinness World Records, The Guardian, Mashable, Laptop Mag, The Information, SlashGear, Livemint, Marketing Dive, Phandroid, The Register, Tech.co, Dexerto, TechCrunch, NBC News, BreakingNews.ie, The i Paper, Insider, Pureinfotech, 9to5Mac, Tom's Guide, France 24, Android Authority, Chennai Print, Voice of America, BizTech News, Digital Trends, The Hill, Social Media Today, TIME, Wall Street Journal, Supercharged, Reuters, Daring Fireball, Bloomberg, MacRumors, Slate, The Verge, Vox, Associated Press, The Verge, The Verge, The Hollywood Reporter, CNET, Fortune, PetaPixel, Engadget, Variety, Social Media Today, and Forbes
Taylor Hatmaker / TechCrunch:
Manish Singh / TechCrunch:
Nathan Crooks / The Block:
Report: Binance GC Han Ng, Chief Strategy Officer Patrick Hillmann, and compliance SVP Steven Christie are leaving Binance over CZ's response to the DOJ's probe  —  - Top executives at Binance resigned this week over CEO Changpeng Zhao's handling of regulatory investigations into the company, Fortune reported, citing sources.
New York Times:
Sources: the FBI searched Kraken co-founder Jesse Powell's home in March 2023, as part of US prosecutors' probe into claims he hacked a nonprofit he founded  —  Federal agents were investigating Jesse Powell, the founder of the crypto exchange Kraken, over claims that he hacked and cyber-stalked a nonprofit arts group.
Takashi Mochizuki / Bloomberg:
Sega co-COO Shuji Utsumi says the company is withholding its biggest games from third-party blockchain gaming projects and is shelving its own blockchain games  —  Sega Corp., the gaming studio once regarded among the staunchest advocates of blockchain gaming, is pulling back from an arena devastated …
Kyle Wiggers / TechCrunch:
OpenAI releases its GPT-4 API in general availability, giving all paying developers access and planning to give new developers access by the end of July 2023  —  OpenAI today announced the general availability of GPT-4, its latest text-generating model, through its paid API.
Aisha Malik / TechCrunch:
TikTok launches its subscription-only standalone music streaming service TikTok Music in Indonesia and Brazil, featuring UMG's, WMG's, and Sony Music's catalogs  —  TikTok has already dominated the short-video and social media market, and is now looking to take on Spotify and Apple Music with its latest offering.
Kara Carlson / Austin American-Statesman:
Volkswagen plans to start its first US tests of autonomous driving in Austin, beginning with a small fleet of ID. Buzz EVs equipped with VW and Mobileye tech  —  Even more driverless vehicles will be tooling around Austin, as Volkswagen joins the ranks of companies that have tested their autonomous vehicle technology in Austin.
Tim Bradshaw / Financial Times:
A look at London-based VC firm Balderton's well-being program that helps startup founders manage nutrition, sleep, and mental health to mitigate burnout risk  —  VC firm Balderton will launch wellness packages as stress takes toll on entrepreneurs  —  When Etsy paid $1.6bn to buy Depop in 2021 …

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Allison Johnson / The Verge:
Sarah Perez / TechCrunch: