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December 2, 2022, 3:55 PM
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| Financial Times: |
Sources: Alameda sheltered FTX from an up to $1B loss in April 2021 after an FTX trader's MobileCoin trade went bad, wiping out Alameda's 2021 profits — Alameda Research sustained up to $1bn loss last year when client's trade on obscure token went sour — Hedge fund Alameda Research stepped …
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Forbes and CoinDesk
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| CNBC: |
Filing: DOJ requests the appointment of an independent examiner to probe “substantial and serious allegations of fraud, dishonesty” that led to FTX's bankruptcy — - FTX's bankruptcy case demands an independent review, the Department of Justice said, because of allegations …
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Bloomberg, PYMNTS.com, CoinDesk, SiliconANGLE, International Business Times, Reuters, Cointelegraph, CoinGape, Decrypt, and The Block. Tweets: @timevalueofbtc
| Newley Purnell / Wall Street Journal: |
Ye's Twitter account is suspended after he tweeted a picture of a swastika merged with a Star of David; Elon Musk replied, saying he violated Twitter rules — West, who goes by Ye, recently had his account restored after being banned in October — Kanye West Offers to Buy Parler Amid Backlash Over Anti-Semitic Posts
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| Ivan Mehta / TechCrunch: |
Google says it is testing end-to-end encryption for RCS-based group chats on its Messages app — Google said today it is testing end-to-end encryption for RCS-based group chats on its Messages app — RCS stands for Rich Communication Services. The company noted that it will be rolling …
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| Patience Haggin / Wall Street Journal: |
Sources: Twitter offers advertisers generous incentives, including matching $500K to $1M in spending in 2022, in a bid to jump-start its faltering business — Advertisers booking at least $500,000 in incremental spending would be matched, up to a $1 million cap — Elon Musk Says Twitter Bankruptcy Is a Possibility.
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| Adam Morgan McCarthy / The Block: |
Mike Novogratz's Galaxy Digital agrees to buy high-security custodian GK8 from bankrupt crypto lender Celsius; Celsius acquired GK8 for $115M in late 2021 — - Mike Novogratz's Galaxy Digital agreed to buy GK8 from Celsius. — GK8 was originally acquired by Celsius for $115 million in late 2021.| Jonathan Vanian / CNBC: |
Amazon's senior VP of global media and entertainment Jeff Blackburn will leave in early 2023; Blackburn left Amazon in February 2021 and rejoined in May 2021 — - Blackburn will remain at the company through early 2023 to “ensure a smooth transition.” — Blackburn joined Amazon in 1998 …
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About Amazon, Bloomberg, GeekWire, The Information, Reuters, Deadline, and Variety
| Richard Waters / Financial Times: |
Palmer Luckey's Anduril, which builds autonomous systems for the US military, raised nearly $1.5B at a $7B pre-money valuation, up from $4.2B in June 2021 — Second-biggest venture capital round of the year in the US values company at $7bn — Defence technology start-up Anduril …
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Crunchbase News, SiliconANGLE, Anduril Blog, and Axios
Tweets: @ktmboyle, @eladgil, @westcoastbill, and @ingridlunden
| Derek Thompson / The Atlantic: |
A look at some implications for generative AI: “answer engines” replacing search engines, AI mastering cognitive tasks by surveilling how experts work, and more — This is Work in Progress, a newsletter by Derek Thompson about work, technology, and how to solve some of America's biggest problems.| Frederic Lardinois / TechCrunch: |
AWS launches Application Composer, a low-code tool for visually designing and building serverless applications with a drag-and-drop interface — At its re:Invent conference today, AWS announced the launch of AWS Application Composer, a new low-code tool for visually designing and building serverless applications.
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DEVCLASS, Mostly Cloudy, and SiliconANGLE
| Kristin Robinson / Billboard: |
Triller removes music catalogs for UMG, WMG, Sony Music and Merlin after Sony filed a lawsuit claiming Triller failed to make payments worth “millions” — Following Sony's lawsuit, one label source says “millions” in unpaid royalties are the issue. Triller denies this, saying the app is “reassessing” label deals.| Anil Ananthaswamy / Nature: |
DeepMind unveils DeepNash, an AI agent that matches human experts in the board game Stratego by combining game theory and model-free deep reinforcement learning — Anil Ananthaswamy is the author of Through Two Doors at Once, among other books. His next is on the mathematics of machine learning.
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SiliconANGLE, DeepMind Blog, HackerNoon, Tech Xplore, TechCrunch, Science, Morning Express, New Scientist, and Gizmodo
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