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Techmeme
May 31, 2023, 3:20 AM

Top News

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 …
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 …
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.
Bloomberg:
Fidelity estimated in a recent disclosure that Twitter is now worth about 33% of Elon Musk's $44B purchase price, based on a markdown of its own Twitter stake  —  Twitter is now worth just one-third of what Elon Musk paid for the social-media platform, according to Fidelity …
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 …
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.
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.
Rohan Goswami / CNBC:
Nvidia opens at a $1T market cap, joining Apple, Microsoft, Alphabet, and Amazon, after raising its Q2 revenue forecast due to AI demand; NVDA is up 180%+ YTD  —  - Nvidia hit a $1 trillion market cap at the start of trading Tuesday, before slipping to $990 billion by close of trading.
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.
Nikou Asgari / Financial Times:
By creating separate crypto companies, Standard Chartered and other finance groups are betting fund managers will prefer trusted brands to opaque crypto firms  —  Traditional finance groups create digital asset infrastructure untainted by year of crypto scandals
Bloomberg:
Sources: Binance is discussing letting some of its 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 …

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