Techmeme
April 4, 2023, 3:00 PM

Top News

Financial Times:
US authorities arrest student loan service Frank founder Charlie Javice; the SEC charges her with falsifying Frank user numbers for JPMorgan's $175M acquisition  —  Charlie Javice allegedly falsified user numbers at student finance company  —  The founder of a student finance website acquired …
Tim Hardwick / MacRumors:
Apple reports an issue with its Weather app on iOS, iPadOS, watchOS, and macOS, ongoing for over 12 hours; some users have had data issues for over a week  —  Apple is currently experiencing issues with its weather data provider, leaving many users unable to see live weather information and forecasts for regions in the Weather app.
Tom Bristow / Politico:
Kim Masters / The Hollywood Reporter:
Many current and former Amazon executives, showrunners, and agents say Amazon Studios is confusing and frustrating; one showrunner says Studios has “no vision”  —  Despite ambitious bets like ‘Daisy Jones & The Six’ and the upcoming ‘Citadel,’ insiders complain that there's still …
Brandy Betz / CoinDesk:
Vancouver-based Web3 messaging protocol developer LayerZero Labs raised a $120M Series B at a $3B valuation, up from $1B in its $135M Series A+ in March 2022  —  The valuation is triple the level of the firm's previous funding round in March 2022.  —  Join the most important conversation …
Tom Warren / The Verge:
Microsoft debuts the Surface Thunderbolt 4 Dock for $300, offering a USB-C port instead of a proprietary Surface Connect port and supporting non-Surface devices  —  Priced at $299.99, the new Surface dock will connect over USB-C instead of the proprietary Surface Connect port.
New York Times:
China opening its Micron investigation marks the most significant retaliation against US chip sanctions yet and undermines Beijing's open-for-business messaging  —  Beijing's security review of Micron Technology, which has deep roots in China, could have wide-ranging ramifications for other foreign businesses.
Mark Gurman / Bloomberg:
Sources: Apple plans to eliminate a small number of its corporate retail staff, marking its first known cuts since embarking on a belt-tightening effort in 2022  —  Apple Inc. is eliminating a small number of roles within its corporate retail teams, according to people with knowledge of the matter …
Krisztian Sandor / CoinDesk:
DeFi lending protocol Euler says a hacker returned all “recoverable funds” stolen in its ~$200M exploit; blockchain data shows the hacker apologized on March 28  —  Culprit had already apologized.  —  The hacker responsible for roiling Euler Finance by draining some $200 million …
James Vincent / The Verge:
Stanford's AI Index: in 2022, industry produced 32 notable ML models compared to academia's three, global private investment fell 26.7% YoY to $91.9B, and more  —  An annual report on AI progress has highlighted the increasing dominance of industry players over academia and government in deploying and safeguarding AI applications.
Ron Amadeo / Ars Technica:
Natasha Lomas / TechCrunch:
Germany says Twitter has repeatedly failed to remove user-reported illegal content and starts a Network Enforcement Act proceeding that may lead to fines  —  In an early FAFO test for Elon Musk, Germany could be set to fine Twitter for repeatedly failing to comply with a social media hate …
More: PCMag
Becky Peterson / The Information:
The Saudi Public Investment Fund lists ~35 of its partnerships with US VC firms, like a16z, Coatue, Craft Ventures, Iconiq, Insight Partners, and Human Capital  —  For several years, venture capital firms have been cagey about whether they have raised money from Saudi Arabia …

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Farnoush Amiri / Associated Press:
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