Techmeme
July 12, 2022, 1:10 PM

Top News

Wired:
Twitter employees say it's a “shit show internally”, exasperated by weak leadership and lack of support amid targeted harassment from outside the company  —  Days after the deal to buy Twitter fell apart, fed-up employees say they are being kept in the dark.
Kurt Wagner / Bloomberg:
Jeremy Hill / Bloomberg:
Liquidators say they can't find Three Arrows Capital founders Kyle Davies and Zhu Su, and seek to subpoena them to prevent the dissipation of the fund's assets  —  The founders of bankrupt crypto hedge fund Three Arrows Capital haven't been cooperating in the firm's liquidation process …
J. Clara Chan / The Hollywood Reporter:
Spotify buys Heardle, a music trivia game inspired by Wordle, describing it as a “tool for musical discovery” and with plans to keep it as a standalone site  —  The game, which challenges users to identify a song based on short audio clips, will remain free to play for users.
Gareth Vipers / Wall Street Journal:
Sylvia Varnham O'Regan / The Information:
In an internal post, Meta Vice President of Remote Presence and Engineering Maher Saba instructed managers to identify and “move to exit” poor performers  —  Meta Platforms' Vice President of Remote Presence and Engineering Maher Saba has instructed managers to identify and …
Michael Kan / PCMag:
The FTC says it will crack down on tech companies' illegal use and sharing of highly sensitive data and false claims about data-anonymization  —  ‘Companies that make false claims about anonymization can expect to hear from the FTC.’ … Lots of websites and apps like to claim your data is …
Melissa Heikkilä / MIT Technology Review:
BigScience, an effort by 1K+ researchers and NLP startup Hugging Face, releases BLOOM, an open-access multilingual large language model bigger than GPT-3  —  A group of over 1,000 AI researchers has created a multilingual large language model bigger than GPT-3—and they're giving it out for free.
Lulu Yilun Chen / Bloomberg:
Sources: China decided to rein in Tencent after two scandals, including a secret WeChat project to use data to predict new Politburo standing committee members  —  Imagine for a second life before smartphones.  Simple tasks—ordering takeout, staying in touch—become frustratingly difficult, never mind dealing with emergencies.
Paul Sawers / TechCrunch:
Wefox, a Berlin-based digital insurer focused on personal insurance products, raised a $400M Series D at a post-money valuation of $4.5B, up from $3B in 2021  —  European insurance tech startup Wefox has raised $400 million in a series D round of funding, giving the German company a post-money valuation of $4.5 billion.
Kyle Wiggers / TechCrunch:
Tecton, which helps enterprises deploy real-time ML models faster with less data engineering effort, raised a $100M Series C led by Kleiner Perkins  —  Machine learning can provide companies with a competitive advantage by using the data they're collecting — for example, purchasing patterns …

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CNBC:
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Malcolm Owen / AppleInsider: