Techmeme
May 31, 2023, 10:05 AM

Top News

Bloomberg:
Filing: Fidelity marks down its Twitter stake, estimating that Twitter is now worth about 33% of the $44B that Elon Musk paid, down from 44% in November 2022  —  Twitter is now worth just one-third of what Elon Musk paid for the social-media platform, according to Fidelity …
Oliver Whang / New York Times:
A look at the BabyLM Challenge, which aims to create language models with datasets that are less than one-ten-thousandth the size of those used by advanced LLMs  —  Teaching fewer words to large language models might help them sound more human.  —  When it comes to artificial intelligence chatbots, bigger is typically better.
James Vincent / The Verge:
While OpenAI has become more upfront about ChatGPT's limitations, the company should do more to make clear the bot can't reliably distinguish fact from fiction  —  “May occasionally generate incorrect information.”  —  This is the warning OpenAI pins to the homepage of its AI chatbot ChatGPT …
Priya Anand / Bloomberg:
An investigation into Papa, a TaskRabbit-like service for seniors that has raised $240M, finds dozens of allegations of harassment, assault, theft, and more  —  If you've been to an annual open enrollment fair in the past few years, you may have noticed a new eldercare benefit with the unusual name of Papa.
Mia Sato / The Verge:
After a fake Pentagon “explosion” image went viral, Twitter adds Community Notes to images, including “recent and future matching images”  —  Twitter is expanding its crowdsourced fact-checking program to include images, shortly after a fake image went viral claiming to show an “explosion” near the Pentagon.
Abner Li / 9to5Google:
Sources: Google plans to launch the Pixel Watch 2 in fall 2023 with a Snapdragon W5 series chip and Fitbit Sense 2-like sensors, alongside the Pixel 8 and 8 Pro  —  We revealed at the start of May that Google is planning to announce the Pixel Watch 2 alongside the Pixel 8 and 8 Pro …
Aidan Ryan / The Information:
Source: MoonPay insiders, including CEO Ivan Soto-Wright, cashed out $150M in shares as part of the crypto payment startup's $555M Series A in November 2021  —  In November 2021, just as crypto prices were hitting all-time highs, MoonPay—a crypto payments startup that celebrities including Jimmy Fallon …
Kevin Roose / New York Times:
How the Shoggoth, a character from a 1936 H.P. Lovecraft novella, became a meme among AI workers as a metaphor for not fully understanding LLMs' inner workings  —  The Shoggoth, a character from a science fiction story, captures the essential weirdness of the A.I. moment.
Nadia Asparouhova / Wired:
As GitHub prepares to close its San Francisco HQ, a look back at the living testament to tech culture, with its conflicts presaging a decade of tech backlash  —  The code-hosting platform's headquarters was a living testament to tech values and one of its first disputed territories.
Amanda Silberling / TechCrunch:
Block Party says its anti-harassment tool for Twitter is going on an indefinite hiatus starting May 31 due to Twitter API changes, and announces Privacy Party  —  Now that Twitter's API access is locked behind a tall paywall, long beloved third-party apps are shutting down.
Bloomberg:
A profile of Plaid, valued at $13.4B, and founder Zach Perret, after a $58M data scraping settlement in 2022, as the company expands and fights a lawsuit by PNC  —  Over the past decade, Plaid's digital pipes have enabled 1 in every 3 people with a US bank account to connect it to the app or service of their choosing.
Zac Hall / 9to5Mac:
Analyst Ross Young says Apple's upcoming MR headset will have two 1.41" Micro OLED displays targeting 5,000+ nits of brightness and 4,000 pixels per inch  —  The tech community is collectively on the edge of our seats as we zoom toward the expected unveiling of Apple's mixed reality headset.
Nikkei Asia:
How Taiwan became a key part of the electronics supply chain, creating interdependence between Taiwan, China, and the US that has deepened even as tensions rise  —  In the days after then-U.S. House Speaker Nancy Pelosi visited Taiwan last year, Taiwanese suppliers to U.S. tech giants including Apple …

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Emma Roth / The Verge:
Rohan Goswami / CNBC:
Nicole Carpenter / Polygon:
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