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July 12, 2022, 5:00 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, Decrypt, Reuters, CoinDesk, Cointelegraph, The Block, CoinDesk, Crypto Briefing, Blockworks, CoinQuora, Ethereum World News, Crypto Daily, crypto.news, Crowdfund Insider, Protos, CryptoPotato, Tech in Asia, Bitcoinist.com, The Verge, CryptoPotato, Web3 is going just great, and Cryptonews
Tweets: @zhusu, @cduhaime, @coindesk, @ipodave, @ideagov, @silvermanjacob, @justinaknope, @priapusiq, @jason, @thomastthai, and @bitfinexed
| 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.| Kurt Wagner / Bloomberg: |
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SEC.gov, The Verge, TechCrunch, Silicon Republic, Neowin, Fortune, Ars Technica, Wall Street Journal, CNN, Benzinga, Gizmodo, Engadget, TheStreet, Variety, Adweek, and SiliconANGLE
Tweets: @natesilver538, @elonmusk, @danprimack, @pt, @kurtwagner8, and @scottnover
| 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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The Drive, Ars Technica, Motor1.com, The Register, Jalopnik, MobileSyrup, New York Post, and Insider
| 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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The Verge, Financial Times, BBC, TechCrunch, Axios, Spotify, Adweek, Gizmodo, Engadget, iPhone in Canada Blog, Android Central, Dexerto, CNBC, Deadline, Mashable, Variety, 9to5Mac, and Android Police
Tweets: @starfire2258, @om, @mrdiscopop, @kerrymflynn, @brianstelter, @loudmouthjulia, @jake_k, and @martinsfp
| 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.
More:
Ev Williams, TechCrunch, and Engadget
Tweets: @ev, @jeffjarvis, @rafat, @kerrymflynn, @kurtwagner8, @mgsiegler, @caseynewton, and @iankar_
| 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.
More:
The Block, animocabrands, Bloomberg, VentureBeat, The Economic Times, Metaverse Post, CoinJournal, Crypto Briefing, and Crypto Daily
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, Forbes, Benzinga, and International Business Times
Tweets: @elonmusk, @elonmusk, @breitbartnews, @elonmusk, @elonmusk, @elonmusk, @mollyjongfast, @staska, @elonmusk, @markfollman, and @noliewithbtc
| 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.| 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, TechCrunch, TNW, SiliconANGLE, and VentureBeat
Tweets: @michellemanafy, @melissahei, and @melissahei
| Shaurya Malwa / CoinDesk: |
Solana-based STEPN reports $122.5M in Q2 2022 profits, after earning $26M in Q1; STEPN plans to leverage 5% of the profits to buy and burn its native GMT tokens — The team will use 5% of the profits to initiate a buyback and burn program of its native GMT tokens.| 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
| 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, Candid.Technology, PetaPixel, 9to5Google, and Mashable. Tweets: @tomwarren
| 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 …
| 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, Voicebot.ai, FinSMEs, Geektime, ZDNet, SiliconANGLE, and Globes Online
| 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.| 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 …
More:
Gizmodo, The Economic Times, Silicon Republic, and The Hacker News
Tweets: @zamaan_qureshi and @carnage4life
| Manish Singh / TechCrunch: |
Pakistan-based Airlift, which delivers goods in 30 minutes, is shutting down after failing to raise more funding; Airlift raised an $85M Series B in August 2021 — Airlift, Pakistan's top startup, is shutting down, two sources familiar with the matter told TechCrunch, following its inability to raise fresh capital.
More:
Rest of World and DealStreetAsia
Tweets: @ankurnagpal, @asanwal, @pitdesi, @ulonnaya, @ijbguy, @_jacksmith, @sajithpai, and @aamir_ibrahim01
| Kyle Wiggers / TechCrunch: |
SingleStore, which provides databases for cloud and on-premises apps and analytics, raised a $116M Series F extension at a $1B+ valuation led by Goldman Sachs — SingleStore, a provider of databases for cloud and on-premises apps and analytical systems, today announced that it raised …
More:
SiliconANGLE, Reuters, VentureBeat, and Database Trends …
| Washington Post: |
An unnamed ex-Twitter employee tells the Jan. 6 committee that Twitter went easy on Trump because it “relished” the power of being his favorite social network — In testimony before the Jan. 6 committee, the unidentified former employee said they'd tried for months 'to raise the reality that … | Lulu Yilun Chen / Bloomberg: |
Sources: China decided to rein in Tencent after two scandals, including a WeChat project to use data science 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
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