Techmeme
May 27, 2022, 12:45 PM

Top News

Lora Kolodny / CNBC:
A Twitter shareholder sues Elon Musk and Twitter over the handling of the acquisition, saying Musk engaged “in conduct designed to create doubt about the deal”  —  - Since Musk's acquisition bid, Twitter's share price has dropped more than 12%, and Tesla's is down about 28% as part of a broad sell-off in tech stocks.
Rest of World:
People from countries like Argentina, Venezuela, and Nigeria invested in Terra as they saw it as more stable than local currency, but lost thousands in savings  —  “I have nothing left, not even a penny.”  —  Valeria makes around $300 a month selling prepared food from her home in Buenos Aires.
Jez Corden / Windows Central:
Microsoft confirms it is developing an HDMI device codenamed Keystone, that connects to any TV or monitor, and offers Xbox game streaming  —  The key to the cloud.  —  For a few years, rumors have persisted that Microsoft was exploring building some form of streaming stick …
Kashmir Hill / New York Times:
Facial recognition service PimEyes draws scrutiny for charging high fees to help remove users' photos from sites and allowing searches for other people's faces  —  PimEyes is a paid service that finds photos of a person from across the internet, including some the person may not want exposed.
Yogita Khatri / The Block:
Tether enters Latin America by launching the MXNT stablecoin, pegged to the Mexican peso, initially available on the Ethereum, Tron, and Polygon blockchains  —  Quick Take  — Tether has launched a new stablecoin pegged 1:1 to the Mexican peso.  — It will be initially available on Ethereum, Tron and Polygon.
Amy Lewin / Sifted:
Report: only 15% of GPs at European VC firms are women, managing just 9% of total assets; in the UK, 13% of GPs are women, managing 5% of total assets  —  Across Europe as a whole, 85% of VC GPs are men.  —  In worse than the average in the UK, where 87% of GPs are men.
Agne Cimermanaite / Metaverse Post:
Jadu, which is developing an AR game built around virtual objects owned by players in a metaverse, raises $36M led by Bain Capital Crypto  —  Jadu Mirrorverse — an AR game built around virtual objects owned by the players — just raised $36M to help create the Web3 “definitive AR & gaming platform …
More: Jadu
The Markup:
An investigation finds Apple, Meta, Amazon, Google, and Microsoft have launched a coordinated campaign in 31 states against data privacy legislation since 2021  —  Coordinated industry lobbying is overwhelming the scattered efforts of consumer groups and privacy-minded lawmakers

Sponsor Posts

TELUS Digital:
What you need to know about fine-tuning LLMs  —  Success with generative AI hinges on honing a pretrained LLM to be a specialist at your intended domain or application.  Learn how to fine-tune for four key characteristics.
Intel:
Intel Delivers powerful CPUs for AI and Networking  —  With the onset of AI, businesses demand powerful and efficient CPUs.  Explore new Intel Xeon 6 processors, for the broadest set of workloads with leadership performance and lower TCO.
Zoho:
Planned India Data Center Maintenance on 5th and 6th April 2025 from 09.00 AM to 09:30 AM IST for Zoho Payments  —  Dear customers,Our bi-annual infrastructure maintenance for our India Data Center is scheduled for April 5 & 6 …
IDrive:
Protecting your Cloud Applications Data  —  Backing up Office 365, Google Workspace, Dropbox & Box data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.

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More News

Benjamin Mullin / New York Times:

Earlier Picks

Dan Primack / Axios:
Sujith Somraaj / Decrypt:
Chavi Mehta / Reuters:
Lauren Rosenblatt / The Seattle Times:
Sam Nussey / Reuters: