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May 30, 2023, 1:55 PM
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Top News

Kevin Roose / New York Times:
OpenAI and DeepMind execs, Geoffrey Hinton, and 350+ others release a statement saying “mitigating the risk of extinction from AI should be a global priority”  —  Leaders from OpenAI, Google Deepmind, Anthropic and other A.I. labs warn that future systems could be as deadly as pandemics and nuclear weapons.
Rohan Goswami / CNBC:
Nvidia opens at a $1T market cap, joining Apple, Microsoft, Google, and Amazon, after raising its Q2 revenue forecast due to AI demand; NVDA is up 166.5%+ YTD  —  - Nvidia briefly hit a $1 trillion market cap at the start of trading Tuesday  — Nvidia shares are trading at around $409 a share.
Bloomberg:
Sources: Binance discusses a proposal to let some institutional clients use bank deposits as collateral for margin trading, to help reduce counterparty risk  —  Binance is discussing a proposal to let some of its institutional clients keep their trading collateral at a bank instead …
Wall Street Journal:
Analysis: of 460 companies that did SPAC deals, insiders at 232 sold $22B in shares in well-timed trades; Chamath Palihapitiya made $310M selling Virgin stock  —  Executives and early investors sold shares worth $22 billion  —  The SPAC boom cost investors billions.
Alexandra S. Levine / Forbes:
Sources: TikTok stored highly sensitive financial and personal information of its biggest stars, including those in its Creator Fund, on servers in China  —  TikTok has stored the most sensitive financial data of its biggest stars — including those in its “Creator Fund” — on servers in China.
Tom Warren / The Verge:
Microsoft issues a temporary fix for Windows tablets like the Surface Pro X after their cameras stopped working on May 23 likely due to a faulty Qualcomm driver  —  Issues with cameras on some Arm-based devices, including the Surface Pro X, started on May 23rd, with owners reporting …
Nicole Carpenter / Polygon:
A viral Nintendo's Tears of the Kingdom clip that shows Link unfurling a bridge wows game developers; Nintendo reportedly spent a full year polishing the game  —  What looks simple is actually very hard to make  —  There's a bridge to cross the lava pit in The Legend of Zelda: Tears of the Kingdom's Marakuguc Shrine, but it's broken.
Suvashree Ghosh / Bloomberg:
Binance names Richard Teng to run all its regional markets outside the US, a swift ascension for the executive who joined in August 2021, as CZ comes under fire  —  Binance tapped Richard Teng to head all its regional markets outside of the US, a swift and steady ascension for the executive …
Bloomberg:
CCData: trading on Gemini dropped ~50% YoY to ~$747M in April; Kaiko says trading fell 46% in January to April from September to December, ~6x Coinbase's drop  —  Since going all-in on Bitcoin over a decade ago, Tyler and Cameron Winklevoss have had their share of ups and downs.

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This is a Techmeme archive page. It shows how the site appeared at 1:55 PM ET, May 30, 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.

From Mediagazer

Brian Stelter / CNN:
Sources: MSNBC's Morning Joe meeting with Trump was driven by fears of retribution from the incoming administration, including governmental and legal harassment

New York Times:
Filings: The Onion's Infowars bid was $7M, including backing from Sandy Hook families and $1.75M in cash; Alex Jones-linked First United's bid was $3.5M in cash

Sean Burch / The Wrap:
In a statement, Jay Penske says The Hollywood Reporter has replaced co-EIC Nekesa Mumbi Moody with Shirley Halperin, following staff cuts in June and August

More News

Politico:
France and Germany dominate the EU's tech regulation, rarely taking input from the bloc's smaller tech-oriented members, which worry about hampering innovation
Financial Times:
How the US is increasingly reshaping the spyware market to favor companies selling cyberweapons to the US and its allies, like Israeli startup Paragon Solutions

Earlier Picks

Bill Toulas / BleepingComputer:
MCNA Dental, one of the largest US government-sponsored dental insurers, says hackers stole ~8.9M people's data; LockBit claimed responsibility for the attack
Gavin Bonshor / AnandTech:
Arm transitions to a comprehensive 64-bit platform with new mobile CPU core designs Cortex-X4, Cortex-A720, and Cortex-A520, built on its Armv9.2 architecture
Bloomberg:
Nvidia announces AI products and updates, including the DGX GH200 supercomputer platform, gaming features, data center networking tools, and a robotics platform
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