Techmeme
March 3, 2023, 2:45 PM

Top News

Matt Day / Bloomberg:
Amazon pauses second phase of construction of its HQ2 in Virginia as it reassesses office needs following its deepest-ever job cuts; phase one nears completion  —  Amazon.com Inc. is pausing construction on its sprawling second headquarters near Washington, a decision that coincides …
Mitchell Clark / The Verge:
Meta cuts the price of Quest Pro, its mixed and virtual reality headset focused on business users, from $1,500 to $1,000; 256GB Quest 2 drops from $500 to $430  —  Mark Zuckerberg has announced that the Meta Quest Pro, the company's mixed and virtual reality headset focused on business users …
Axios:
Sources: Founders Fund cut the size of its Fund VIII, which hasn't begun deploying capital, from ~$1.8B to ~$900M; the money will be pushed to its ninth fund  —  Founders Fund has quietly cut the size of its eighth venture capital fund in half, from around $1.8 billion to around $900 million, Axios has learned from multiple sources.
Wall Street Journal:
Internal documents detail efforts by Tether Holdings and Bitfinex to maintain access to the banking system by using shadowy intermediaries and shell companies  —  Tether Holdings and related crypto broker obscured identities, documents show  —  In late 2018, the companies behind …
New York Times:
US lawmakers warn about AI, but few are trying regulation and many struggle to understand the tech and its dangers; EU policymakers proposed AI rules in 2021  —  Tech innovations are again racing ahead of Washington's ability to regulate them, lawmakers and A.I. experts said.
Bloomberg:
Sources: Foxconn plans to invest ~$700M on a new plant to make iPhone parts on a 300-acre site in Bengaluru, India; the plant is expected to create 100K jobs  —  Apple Inc. partner Foxconn Technology Group plans to invest about $700 million on a new plant in India to ramp up local production …
Erik Schatzker / Bloomberg:
Coinbase acquires One River, a crypto asset management startup that serves only institutional clients, like pension funds; One River was valued at $186M in 2021  —  Coinbase Global Inc., still reeling from a plunge in trading volume on its exchanges, is expanding into a less-volatile corner …
Ivan Mehta / TechCrunch:
Brave Search debuts Summarizer, a feature that offers a search results synopsis for some queries using Brave's LLM trained to fight “unsubstantiated assertions”  —  It is raining AI-powered features all across search engines.  Today, Brave Search launched a new “Summarizer” …
Washington Post:
US civil liberties and digital rights groups are speaking out against calls to ban TikTok, arguing the move would violate users' First Amendment rights  —  Happy Thursday!  If you've ever thought some people in Washington should be in straitjackets, well, I guess you got your wish.
James Hale / Tubefilter:
London-based Electrify Video Partners, which invests in and acquires YouTube channels, raised $50M led by MEP Capital  —  Electrify Video Partners has raised $50 million to invest in and acquire YouTube channels.  —  London-based Electrify was co-founded in May 2021 by Ian Shepherd …

Sponsor Posts

Tribe AI:
State of AI: Adoption, Challenges and Recommendations  —  Examining the current state of AI, the key challenges organizations face, and practical recommendations for utilizing AI integration alongside other best practices.
SignalFire:
SignalFire raises another $1 billion to back applied AI startups  —  We build AI too.  It tracks 650M tech employees so we can help companies with recruiting and GTM across enterprise, infra, healthcare, security, and consumer.
Zoho:
How to turn employees into your brand's biggest supporters  —  Turning your employees into your brand's biggest advocates is one of the most powerful ways to grow your brand.  When employees feel connected to your mission …
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.

Featured Podcasts

Lenny's Podcast:
Inside monday.com's transformation: radical transparency, impact over output, and their path to $1B ARR | Daniel Lereya (Chief Product and Technology Officer)
Interviews with world-class product leaders and growth experts to uncover actionable advice to help you build, launch, and grow your own product.
Subscribe to Lenny's Podcast.
Techmeme Ride Home:
Zuck Trying To Make Fetch Happen
The day's tech news, every day at 5pm ET. Fifteen minutes and you're up to date.
Subscribe to Techmeme Ride Home.
Hard Fork:
Is Google Breaking Up? + Seasteading Is Back + Tool Time
The future is already here. Each week, journalists Kevin Roose and Casey Newton explore and make sense of the latest in the rapidly changing world of tech.
Subscribe to Hard Fork.
 

About This Page

This is a Techmeme archive page. It shows how the site appeared at 2:45 PM ET, March 3, 2023.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

More News

Mia Sato / The Verge:

Earlier Picks

The Verge:
Nikhilesh De / CoinDesk:
John Tozzi / Bloomberg:
Tom Warren / The Verge:
CyberScoop:
David Z. Morris / CoinDesk: