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Techmeme
March 4, 2023, 3:10 PM
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Top News

Erin Woo / The Information:
Sources: after Twitter refused to pay its AWS bills for months, Amazon threatened in February to withhold payments for the ads it runs on Twitter  —  Elon Musk is running into an obstacle in his relentless drive to cut costs at Twitter: some of the same vendors that Twitter is squeezing to save money are also its advertising clients.
Wall Street Journal:
Sources: in an update to investors, Twitter reports a 40% YoY decline in both revenue and adjusted earnings for December 2022, as advertisers fled the company  —  The company recently made a first interest payment to banks that lent $13 billion to help pay for Elon Musk's buyout, people familiar with the matter said
Noah Bierman / Los Angeles Times:
San Jose-based Vintra, whose software is used by the IRS, police, and more, claims its “co-appearance” AI can mark interactions between people caught on camera  —  A gray-haired man walks through an office lobby holding a coffee cup, staring ahead as he passes the entryway.
Kif Leswing / CNBC:
Reid Hoffman leaves the nonprofit board of OpenAI, citing a desire to invest in companies using OpenAI's tech, which he says could cause a conflict of interest  —  - LinkedIn founder and Greylock partner Reid Hoffman is leaving the nonprofit board of OpenAI, he announced in a post on Friday.
Will Douglas Heaven / MIT Technology Review:
Q&A with OpenAI's Sandhini Agarwal, Liam Fedus, Jan Leike, and co-founder John Schulman on training ChatGPT, dealing with virality, fixing problems, and more  —  Exclusive conversations that take us behind the scenes of a cultural phenomenon.  —  When OpenAI launched ChatGPT …
Kate Park / TechCrunch:
Singapore-based e-commerce aggregator Una Brands raised a $30M pre-Series C, following a $30M Series B in September 2022, bringing its total funding to $100M+  —  Una Brands, a Singapore-based e-commerce aggregator, has raised $30 million in pre-Series C financing just five months after announcing …
CoinDesk:
Silvergate says it's discontinuing the Silvergate Exchange Network, an instant settlement service that its clients could use to move money to crypto exchanges  —  Crypto bank warned this week about its ability to remain in business.  —  Silvergate Bank, which warned this week about its ability …

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 3:10 PM ET, March 4, 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 Steinberg / Variety:
WBD reports Q1 revenue down 10% YoY to $8.9B, net income down 53% to $453M, $2.6B streaming revenue, $339M streaming adjusted EBITDA, and 122.3M streaming subs

Eshe Nelson / New York Times:
President Trump's threatened 100% tariffs on foreign films causes anxiety in the UK industry; nearly 90% of the £5.6B spent on 2024 production came from abroad

Financial Times:
Jefferies expects the global anime market to hit $60.1B by 2030, up from $31.2B in 2023, as Hollywood searches for IP; Japanese studios capture <10% of revenues

More News

Demetri Sevastopulo / Financial Times:
The US imposes new rules requiring that CHIPS Act beneficiaries agree not to expand manufacturing capacity in “countries of concern”, like China, for 10 years
Financial Times:
Some UK officials and SoftBank staff blame onerous FCA rules, process complexity and cost, and the UK's political chaos for Arm shunning a London listing
Josh Eidelson / Bloomberg:
An NLRB director rules that Google is a “joint employer” with YouTube subcontractor Cognizant and must bargain with Cognizant's YouTube workers if they unionize
Forbes:
Ryan Breslow sues Mark Phillips, a convicted fraudster he hired to build his social impact DAO, accusing him of stealing ~$10.5M of the project's seed funding

Earlier Picks

Annie Palmer / CNBC:
Amazon plans to close eight Go convenience stores in Seattle, NYC, and San Francisco, as the company reevaluates its brick-and-mortar strategy and cuts costs
Erik Schatzker / Bloomberg:
Coinbase acquires One River, a crypto asset management startup that serves only institutional clients, like pension funds; One River was valued at $186M in 2021
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