August 2, 2023, 1:55 PM

Top News

Ivan Mehta / TechCrunch:
Abner Li / 9to5Google:
Reed Albergotti / Semafor:
Sources: US DOJ officials are considering fraud charges against Binance, but worry that an indictment could cause a run on Binance like the one that befell FTX  —  U.S. Department of Justice officials are considering fraud charges against crypto exchange Binance, but are concerned about the cost …
Wall Street Journal:
Internal Binance data and current and former employees say Chinese users traded ~$90B in crypto assets on the exchange in May 2023, despite China's crypto ban  —  Retaining its Chinese footprint will be crucial for Binance as it faces a global regulatory crackdown
Matt Day / Bloomberg:
Amazon plans to roll out the biggest overhaul to its grocery business since buying Whole Foods in the coming weeks, including one cart for supermarket offerings  —  It's revamping stores, unifying online shopping carts and offering fresh-food delivery to customers who aren't Prime subscribers.
Tom Warren / The Verge:
Microsoft now lets Xbox owners stream gameplay from the console to Discord users, rolling out to all Xbox users in the coming months  —  Microsoft is improving its Xbox and Discord integration with a new streaming gameplay feature.  Xbox owners will soon be able to stream their gameplay …
Rest of World:
Interviews with people at Worldcoin booths in Nairobi, Bengaluru, and Hong Kong find many scanned their eyes to receive the sign-up bonuses, an “easy $50”  —  In Nairobi, Bengaluru, and Hong Kong, our reporters found lots of people were eager to take the deal.
Sources: SoftBank's Arm is targeting an IPO at a valuation of between $60B and $70B as soon as September 2023, a sign of bullish interest in AI chips  —  - Chip design firm may raise as much as $10 billion in debut  — Nvidia, Intel are in discussions to be anchor investors
Jen Christensen / CNN:
An early-stage study of 80,000 women in Sweden who underwent a mammogram in 2021 and 2022 finds AI-supported screening increased breast cancer detection by 20%  —  Artificial intelligence found more breast cancers than doctors with years of training and experience and cut doctors' mammogram …
Emilia David / The Verge:
Meta releases AudioCraft, a new open-source AI model that lets users create music and sounds via prompts, consisting of MusicGen, AudioGen, and EnCodec models  —  It consists of three AI models, all tackling different areas of sound generation.  MusicGen takes text inputs to generate music.
China releases draft rules to limit smartphone use by minors, including two hour limits for those age 16 to 18, although enforcement remains unclear  —  - Aims to prevent kids from spending too much time on phones  — Beijing has pursued campaigns to alleviate burden on minors
Ingrid Lunden / TechCrunch:
Hopin, the struggling virtual events startup valued at nearly $7.7B in June 2021, sells its Events and Session units to RingCentral for an undisclosed sum  —  Hopin, the virtual events startup that saw its star (and valuation) rise quickly during the Covid-19 pandemic, is most definitely coming down to earth.
Senegal blocks TikTok amid protests over arrest of its opposition leader, after restricting access to internet services on July 31  —  Senegalese authorities on Wednesday blocked access to social media app TikTok, widening a clampdown on dissent days after they dissolved the country's main opposition party …
Charlie Fink / Forbes:
Inworld, which uses AI to help developers create game characters, raised $30M led by Lightspeed at a $500M+ valuation, following a $50M Series A in August 2022  —  Inworld, which makes AI-driven non-player characters (NPCs) for games and other applications has raised approximately $30 in new funding from Lightspeed Venture Partners.
Aidan Ryan / The Information:
Sources: Changpeng Zhao tried to liquidate Binance.US earlier in 2023, before pivoting to attempting to sell the company, holding talks with Gemini and others  —  Binance founder and CEO Changpeng Zhao attempted to shut down the crypto exchange's U.S. offshoot earlier this year …

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More News

Alex Pasternack / Fast Company:
More: PlatformerTwitter: @pasternack, @pasternack, @dburghart, @max_uf, and @fastcompanyForums: Slashdot
Helene Braun / CoinDesk:
Chethan Rao / Android Police:
Clive Cookson / Financial Times:

Earlier Picks

Steven Church / Bloomberg:
Kif Leswing / CNBC:
Carly Page / TechCrunch:
Chavi Mehta / Reuters:
Sarah Perez / TechCrunch: