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July 12, 2022, 4:01 PM
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| Jeremy Hill / Bloomberg: |
Liquidators say they can't find Three Arrows Capital founders Kyle Davies and Zhu Su, and seek to subpoena them to prevent the dissipation of the fund's assets — The founders of bankrupt crypto hedge fund Three Arrows Capital haven't been cooperating in the firm's liquidation process …
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CNBC, Reuters, CoinDesk, Reuters, CoinDesk, Cointelegraph, The Block, Crypto Briefing, Blockworks, CoinQuora, Ethereum World News, Crypto Daily, crypto.news, Crowdfund Insider, Protos, CryptoPotato, Tech in Asia, Bitcoinist.com, The Verge, CryptoPotato, and Web3 is going just great
Tweets: @zhusu, @coindesk, @ipodave, @ideagov, @silvermanjacob, @justinaknope, @priapusiq, @jason, @thomastthai, and @bitfinexed
| James Vincent / The Verge: |
In Germany, South Korea, and other countries, BMW starts selling subscriptions or charging one-time fees to unlock heated seats, engine sound options, and more — The auto industry is racing towards a future full of microtransactions — BMW is now selling subscriptions for heated seats …
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Ars Technica, The Drive, Motor1.com, New York Post, Insider, MobileSyrup, and Jalopnik
| Wired: |
Employees say “Twitter is a shit show internally”, fed up by weak leadership and a lack of management support amid targeted harassment from outside the company — Days after the deal to buy Twitter fell apart, fed-up employees say they are being kept in the dark.
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New York Times, Insider, San Francisco Business Journal, Axios, CNBC, Barron's Online, Newslit Daily, Observer, CoinQuora, and Quartz
| Kurt Wagner / Bloomberg: |
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SEC.gov, The Verge, TechCrunch, Fortune, Ars Technica, Silicon Republic, Neowin, Wall Street Journal, CNN, Benzinga, Gizmodo, Engadget, and Variety
Tweets: @natesilver538, @elonmusk, @danprimack, @pt, @kurtwagner8, and @scottnover
| Benjamin Mullin / New York Times: |
Medium founder Evan Williams says he is stepping down as CEO, to be replaced by Tony Stubblebine, and plans to start a new holding company and research lab — Mr. Williams, the company's founder and a co-founder of Twitter and Blogger, said in a post that he planned to start a new holding company and research lab.
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Ev Williams. Tweets: @ev, @rafat, @kerrymflynn, @kurtwagner8, @mgsiegler, @iankar_, and @caseynewton
| Jamie Crawley / CoinDesk: |
Animoca Brands announces a $75.32M raise at a $5.9B valuation, the second tranche of its $360M round in January 2022 that valued the NFT company at $5.5B — The infusion is the second tranche of January's funding round, which nabbed almost $360 million and valued the investment company at $5.5 billion.
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The Block, animocabrands, Bloomberg, Metaverse Post, VentureBeat, The Economic Times, CoinJournal, Crypto Daily, and Crypto Briefing
Tweets: @serkantoto, @silvermanjacob, and @animocabrands
| Gareth Vipers / Wall Street Journal: |
Elon Musk, in replies to a Breitbart tweet about Trump calling him a “bullshit artist”, says Trump should “hang up his hat” and DeSantis would easily beat Biden — Former president had mocked the Tesla boss's attempt to take over Twitter
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The Hill, The Verge, Bloomberg, The Guardian, Rolling Stone, Reuters, The Independent, Washington Post, Fortune, and Forbes
Tweets: @elonmusk, @elonmusk, @breitbartnews, @elonmusk, @mollyjongfast, @markfollman, @noliewithbtc, @elonmusk, @staska, @elonmusk, and @elonmusk
| Annie Palmer / CNBC: |
Filing: Amazon and the Fred Hutchinson Cancer Research Center are developing “personalized” cancer vaccines and have launched an FDA-approved clinical trial — - Amazon is working with the Fred Hutchinson Cancer Center to develop cancer vaccines, according to a filing.
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Insider, GeekWire, Fortune, The Hill, and Slashdot
Tweets: @tcpeter, @kylebrussell, @ryanjones, and @rustybrick
| Yogita Khatri / The Block: |
Multicoin Capital announces its third fund, worth $430M and closed in January 2022, with co-founders Kyle Samani and Tushar Jain as its largest limited partners — - Multicoin Capital has announced its third fund worth $430 million, which closed in January.| Sylvia Varnham O'Regan / The Information: |
In an internal post, Meta Vice President of Remote Presence and Engineering Maher Saba instructed managers to identify and “move to exit” poor performers — Meta Platforms' Vice President of Remote Presence and Engineering Maher Saba has instructed managers to identify and …
| Melissa Heikkilä / MIT Technology Review: |
BigScience, an effort by 1K+ AI researchers and NLP startup Hugging Face, releases BLOOM, an open-access multilingual language model bigger than GPT-3, for free — A group of over 1,000 AI researchers has created a multilingual large language model bigger than GPT-3—and they're giving it out for free.
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MarkTechPost, TNW, SiliconANGLE, TechCrunch, and VentureBeat
Tweets: @michellemanafy, @melissahei, and @melissahei
| Michael Kan / PCMag: |
The FTC plans to crack down on tech companies' illegal use and sharing of “location, health, or other sensitive data” and false claims about data anonymization — ‘Companies that make false claims about anonymization can expect to hear from the FTC.’
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Federal Trade Commission, SC Media, take that for data, WRAL TechWire, The Verge, Engadget, and SiliconANGLE
Tweets: @wendyndavis, @karlbode, @tonyajoriley, @loupas, @ambaonadventure, @eric_seufert, @swiftstories, @viacristiano, @ftc, and @edmpirg
| Shaurya Malwa / CoinDesk: |
Solana-based STEPN reports $122.5M in Q2 profits, after earning $26M in Q1; 5% of the profits will go toward a buyback and burn program of its native GMT token — The team will use 5% of the profits to initiate a buyback and burn program of its native GMT tokens.| Kyle Wiggers / TechCrunch: |
Tel Aviv-based AI21 Labs raised a $64M Series B valuing the company at $664M, as the OpenAI rival builds “AI-as-a-service” tools on top of its language models — The enterprise is bullish on AI systems that can understand and generate text, known as language models.
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VentureBeat, FinSMEs, Voicebot.ai, Geektime, SiliconANGLE, ZDNet, and Globes Online
| J. Clara Chan / The Hollywood Reporter: |
Spotify acquires Heardle, describing the music trivia game inspired by Wordle as a “tool for musical discovery”, and plans to keep it as a standalone site — The game, which challenges users to identify a song based on short audio clips, will remain free to play for users.
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BBC, TechCrunch, Adweek, Axios, Spotify, Gizmodo, Engadget, iPhone in Canada Blog, Android Central, Android Police, Dexerto, 9to5Mac, CNBC, Deadline, Mashable, and Variety
Tweets: @om, @mrdiscopop, @kerrymflynn, @brianstelter, @loudmouthjulia, @jake_k, and @martinsfp
| Natasha Lomas / TechCrunch: |
After regulatory scrutiny, TikTok plans to pause a privacy update in Europe due on July 13, whereby it would stop asking users for consent to track them for ads — TikTok has agreed to pause a controversial privacy policy update in Europe, which had been due to happen tomorrow …
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Gizmodo, The Economic Times, Silicon Republic, and The Hacker News
Tweets: @zamaan_qureshi and @carnage4life
| Todd Spangler / Variety: |
Google says YouTube TV has 5M+ subscribers including free trial users, making it the US' biggest internet pay-TV provider and fifth-largest TV distributor — Google says YouTube TV has surpassed 5 million accounts — making it the U.S.'s biggest internet-based pay TV service.| Kyle Wiggers / TechCrunch: |
SingleStore, which helps businesses manage data across on-premises and cloud apps, raised a $116M Series F extension valuing it at $1B+ and led by Goldman Sachs — SingleStore, a provider of databases for cloud and on-premises apps and analytical systems, today announced that it raised …
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SiliconANGLE, Reuters, and VentureBeat
| Jon Porter / The Verge: |
Nothing announces its phone (1), starting at £399 with LED strips on the back, two 50MP rear cameras including an ultrawide lens, in 40 markets but not the US — The startup's debut smartphone is finally here — After weeks of teases, Nothing is finally announcing its debut smartphone …
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XDA Developers, CNET, 9to5Google, Candid.Technology, PetaPixel, and Mashable. Tweets: @tomwarren
| Lulu Yilun Chen / Bloomberg: |
Sources: China decided to rein in Tencent after two scandals, including a secret WeChat project to use data to predict new Politburo standing committee members — Imagine for a second life before smartphones. Simple tasks—ordering takeout, staying in touch—become frustratingly difficult, never mind dealing with emergencies.
Tweets: @luluyilun, @sandyhendry, @hancocktom, @shiraovide, and @pingroma
| Arjun Kharpal / CNBC: |
XPeng Robotics, an affiliate of Chinese electric carmaker XPeng, raised $100M led by IDG, as it aims to commercialize household robotics in the next two years — - Xpeng Robotics on Tuesday said it raised $100 million as the affiliate company of Chinese electric carmaker Xpeng aims …
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Business Wire, South China Morning Post, Electrek, Coinspeaker, Benzinga, and Tech News
| Manish Singh / TechCrunch: |
Airlift, a top startup in Pakistan that delivered goods in 30 minutes, is shutting down following a funding crunch, after raising an $85M Series B in Aug. 2021 — Airlift, Pakistan's top startup, is shutting down, two sources familiar with the matter told TechCrunch, following its inability to raise fresh capital.
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Rest of World and DealStreetAsia
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