| Jacquelyn Melinek / TechCrunch: |
Liquidators say Singapore arrested 3AC co-founder Su Zhu when he tried to leave the country and sentenced him to four months for not complying with court orders — The hedge fund's other co-founder Kyle Davies is also being called for arrest and imprisonment| Benjamin Mullin / New York Times: |
Letterboxd's founders sell a majority stake to Canadian company Tiny; a source says the deal values the film-focused social network with ~10M users at $50M+ — Two designers from New Zealand built a wildly popular social network for movie buffs. Now, they're cashing in (and sticking around for the sequel).| William Gallagher / AppleInsider: |
Report: Apple uses two microscopic QR codes on iPhone displays to track defects, which has helped cut its suppliers' faulty screen report rates from 30% to 10% — Apple spent millions to add a barcode to iPhone displays in order to save being charged hundreds of millions by manufacturers claiming faulty screens that may not have been.| Carl Franzen / VentureBeat: |
Meta quietly unveils Llama 2 Long, which has been trained with longer sequences, outperforming GPT-3.5 Turbo and Claude 2 when responding to long user prompts — Meta Platforms showed off a bevy of new AI features for its consumer-facing services Facebook, Instagram and WhatsApp … | Wall Street Journal: |
Sources: Apple executives met Chinese officials in recent months to discuss new rules forcing Apple to ban apps whose operators are not registered with China — Country's push to register foreign apps threatens to remove Facebook, Instagram and X from iPhone App Store in China| Natasha Mascarenhas / The Information: |
Sources: Jasper, which offers an AI writing tool for marketers, cut its $140M ARR projections for 2023 by 30%+ and its internal valuation by 20% from $1.5B — Jasper AI, an early darling of the generative artificial intelligence boom, has cut the internal value of its common shares 20% … | Forbes: |
Letter: the US SEC told Bolt the startup likely won't face enforcement action after a 15-month probe into whether Bolt violated securities laws when fundraising — In a letter viewed by Forbes, the SEC said that it does not intend to recommend any action against the startup following … | Jonathan Greig / The Record: |
Progress Software, the company behind the widely exploited MOVEit file transfer tool, patches critical vulnerabilities in its WS_FTP Server data transfer tool — The company behind a popular file transfer service that was exploited by ransomware hackers has announced a new set of vulnerabilities affecting another file transfer tool.| Elizabeth Pineau / Reuters: |
French authorities say they approved Apple's iPhone 12 software update that addresses radiation level concerns; Apple submitted the update on September 26 — French authorities said on Friday they had approved Apple's AAPL.O software update of its iPhone 12 after a row over radiation levels of the device … | Bloomberg: |
MakerDAO passed a proposal letting the DeFi lender invest up to $6B in short-term US Treasuries, double the current limit; the MKR token is up almost 3x in 2023 — - MakerDAO can now invest up to $6 billion in Treasuary Bills — The project's MKR is 2023's best-performing major token| Amanda Silberling / TechCrunch: |
X CEO Linda Yaccarino says that the company has paid out nearly $20M to creators; Elon Musk said in July 2023 that the first payments totaled $5M — The company formerly known as Twitter has paid out nearly $20 million to creators, according to a post from X CEO Linda Yaccarino.| Washington Post: |
The Supreme Court agrees to hear two cases concerning whether Florida and Texas can restrict social media companies from removing political posts or accounts — The Supreme Court on Friday said it would wade into the future of free speech online and decide whether laws passed in Texas … | Reuters: |
Intel begins chip production using extreme ultraviolet lithography machines at its $18.5B Ireland plant, its first high-volume location for its 7nm process — Chipmaker Intel (INTC.O) said on Friday it had begun high-volume production using extreme ultraviolet (EUV) lithography machines …
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