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March 3, 2023, 5:25 PM
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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 …
Wall Street Journal:
Internal docs detail efforts by Tether Holdings and Bitfinex to maintain access to the global 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 …
Axios:
Sources: Founders Fund cut Fund VIII, which is expected to start deploying capital in Q2 2023, 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.
Mitchell Clark / The Verge:
Meta cuts the price of Quest Pro, its mixed and virtual reality headset meant for business users, from $1,500 to $1,000, and its 256GB Quest 2 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 …
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.
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 …
Bloomberg:
Sources: Foxconn plans to invest ~$700M to build a plant for 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 …
Financial Times:
Sources: Character.AI, which uses LLMs to let users chat with famous people like Shakespeare, raised between $200M and $250M led by a16z at a ~$1B valuation  —  Pioneering tech venture capital firm makes first big foray into generative artificial intelligence sector

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This is a Techmeme archive page. It shows how the site appeared at 5:25 PM ET, March 3, 2023.

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From Mediagazer

Peter White / Deadline:
Fox and Hulu extend their content partnership, including in-season streaming rights for Fox's programming; sources: the deal is worth $1.5B over four years

Peter Kafka / Business Insider:
A Q&A with Chris Balfe, CEO of Red Seat Ventures, which has helped Tucker Carlson and Megyn Kelly set up their podcast and streaming businesses and sell ads

Jonathan Stempel / Reuters:
A New York judge finds Sirius XM liable for a difficult subscription cancellation process; Sirius says it will appeal but abide by a new “click-to-cancel” rule

More News

Earlier Picks

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”
Mia Sato / The Verge:
CNET EIC Connie Guglielmo, who defended CNET writing articles using AI tools, steps down to become Red Ventures' SVP of AI content strategy and editor-at-large
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
The Verge:
A look at TikTok's viral Bold Glamour filter, which an expert says likely uses generative adversarial networks, amid fears the tool may hurt users' self-esteem
Nikhilesh De / CoinDesk:
Coinbase, Circle, Paxos, Crypto.com, Bitstamp, Cboe, and Gemini suspend business operations with Silvergate, which reported being “less than well-capitalized”
John Tozzi / Bloomberg:
Teladoc Health, which runs BetterHelp, settles with the FTC for $7.8M and agrees to stop sharing data with Meta, Snap, and other companies for ad purposes
CyberScoop:
The Biden administration issues a national cybersecurity strategy, seeking to impose minimum standards, shift responsibility to larger software makers, and more
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