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May 31, 2023, 3:50 PM
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memeorandum
WeSmirchTop News
| Bloomberg: |
Filing: Fidelity marks down its Twitter stake, estimating that Twitter is now worth about 33% of the $44B that Elon Musk paid, down from 44% in November 2022 — Twitter is now worth just one-third of what Elon Musk paid for the social-media platform, according to Fidelity …
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Ars Technica, Reuters, The Register, The Guardian, CNN, Axios, Quartz, The Week, Wall Street Journal, Social Media Today, Forbes, Mashable, Insider, Newser, 9to5Mac, Associated Press, International Business Times, PYMNTS.com, Deadline, The Information, Barron's Online, Gizmodo, and Business Post
LinkedIn:
Albert Fong. Bluesky:
@joshuatopolsky.com. Tweets:
@kurtwagner8, @karaswisher, @farhip, @jason_kint, @patrickw, @vanvidum, @zaleskiluke, @davetroy, @themaxburns, @tomgara, @liston, and @edzitron
| Cynthia Littleton / Variety: |
Activision CEO Bobby Kotick says he was humbled and outraged by toxic workplace claims and blames “outside forces” for most of Activision's image issues — Bobby Kotick has a secret: He was ready to buy Time Warner a few years ago.The CEO of Activision Blizzard drops this nugget early …
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GamesIndustry.biz, MobileSyrup, PC Gamer, Kotaku, TweakTown, Metro, TheGamer, and Eurogamer.net
Tweets:
@deeketweak, @variety, @stephentotilo, @variety, @hazzadorgamin, @yoda, @jasonschreier, and @toadsanime
| Andy Greenberg / Wired: |
Eclypsium: a firmware flaw in 271 Gigabyte motherboards could let hackers install malware when the PC restarts; Gigabyte plans a fix, but problems could persist — Hidden code in hundreds of models of Gigabyte motherboards invisibly and insecurely downloads programs—a feature ripe for abuse, researchers say.
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Eclypsium, CSO, XDA Developers, iPhone in Canada Blog, PCWorld, Dexerto, TechSpot, The Hacker News, and SecurityWeek
Tweets:
@foves_fps, @malwarejake, @n0x08, @eclypsium, and @a_greenberg
| Sarah Perez / TechCrunch: |
Apple touts an Analysis Group study saying App Store ecosystem generated $1.1T in 2022, up 29% YoY, with $910B coming from sales of physical goods and services — Ahead of Apple's Worldwide Developer Conference next week, the company is offering an update on its app ecosystem with the release …
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Analysis Group, Apple, ZDNet, Bloomberg, AppleInsider, MacRumors, 9to5Mac, PhoneArena, Fast Company, iPhone in Canada Blog, Cult of Mac, iClarified, and MacStories
| Mia Sato / The Verge: |
After a fake image of an “explosion” near the Pentagon went viral, Twitter adds Community Notes to images, set to appear on “recent and future matching images” — Twitter is expanding its crowdsourced fact-checking program to include images, shortly …
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PCMag, Mashable, Social Media Today, Android Headlines, TechCrunch, Neowin, Techlusive, Livemint, SiliconANGLE, Engadget, SlashGear, and PetaPixel
Tweets:
@communitynotes, @communitynotes, @communitynotes, @battleangelviv, @bradsferguson, @farzyness, and @kcoleman
| Ernesto Van der Sar / TorrentFreak: |
Torrent site RARBG, founded in 2008, shuts down and stops its content releases, citing COVID-related health problems, the Russia-Ukraine war, and inflation — RARBG, one of the world's largest torrent sites, has said “farewell” to millions of users. The site, which was a prominent … | Juli Clover / MacRumors: |
Reddit client Apollo's developer says Reddit plans to charge $12K for 50M API requests and that he would need to pay $20M per year to keep operating the app — Popular Reddit app Apollo might not be able to operate as is in the future due to planned API pricing that Reddit is implementing.
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9to5Mac, Daring Fireball, The Verge, AppleInsider, and iPhone in Canada Blog
Tweets:
@christianselig, @phillryu, @sindresorhus, @useclear, @sdw, @cabel, and @panzer
| Jeff John Roberts / Fortune: |
Magic, which offers SDKs to help companies create and maintain bespoke on-chain crypto wallets, raised $52M led by PayPal Ventures at a sub-$500M valuation — The biggest crypto wallet you've never heard of is flourishing. San Francisco-based Magic announced on Wednesday that it's raised $52 million …
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Magic, FinSMEs, PYMNTS.com, CoinDesk, The Block, SiliconANGLE, crypto.news, Cointelegraph, and NFTgators
| Oliver Whang / New York Times: |
A look at the BabyLM Challenge, which aims to create language models with datasets that are less than one-ten-thousandth the size of those used by advanced LLMs — Teaching fewer words to large language models might help them sound more human. — When it comes to artificial intelligence chatbots, bigger is typically better.
More:
BabyLM Challenge and Towards Data Science
Tweets:
@kevinokeefe, @biophysicsfl, @oliverwhang21, @evaportelance, and @tallinzen
| Forbes: |
A profile of AMD CEO Lisa Su, who orchestrated one of the great tech turnarounds after her 2014 takeover, as the company attempts to take Nvidia's AI chip crown — AMD's CEO orchestrated one of the great turnarounds in Silicon Valley history, driving the dying semiconductor maker's stock price up nearly 30-fold in less than a decade.
Tweets:
@alexrkonrad, @hkanji, and @richardjnieva
| Bloomberg: |
Sources: the Biden administration is split on how to regulate generative AI; some support the EU's model while others want to avoid a competitive disadvantage — Biden administration officials are divided over how aggressively new artificial intelligence tools should be regulated … | Jenny Surane / Bloomberg: |
A profile of Plaid, valued at $13.4B, and co-founder Zach Perret, after a $58M data scraping settlement in 2022, as the startup expands and fights a PNC lawsuit — Zap $50 to a friend via Venmo. Trade Bitcoin on Robinhood. Get a student loan with SoFi.
Tweets:
@policypitts
| Priya Anand / Bloomberg: |
An investigation into Papa, a TaskRabbit-like service for seniors that has raised ~$240M, finds dozens of allegations of harassment, assault, theft, and more — If you've been to an annual open enrollment fair in the past few years, you may have noticed a new eldercare benefit with the unusual name of Papa.
Tweets:
@priyasideas, @rr_edmonds, @coryweinberg, @vandermey, @bradstone, @bigblackjacobin, @josheidelson, and @pearlf
| Kevin Roose / New York Times: |
How the Shoggoth, a character from a 1936 H.P. Lovecraft novella, became a meme among AI workers as a metaphor for not fully understanding LLMs' inner workings — The Shoggoth, a character from a science fiction story, captures the essential weirdness of the A.I. moment.
Tweets:
@tikiambassador, @kevinroose, @tiagodf, @henryfarrell, @jasoncolavito, @kevinokeefe, and @ahtzib
| Ingrid Lunden / TechCrunch: |
Toronto-based Hostaway, which offers vacation rental management tools, raised $175M led by PSG Equity, after raising less than $3M since its founding in 2015 — Tourism and travel have come roaring back into business post-pandemic, and today a startup called Hostaway that's building technology …
More:
Crunchbase News, BetaKit, PhocusWire, and Tech.eu
| Victoria Song / The Verge: |
Garmin launches the $800 Fenix 7 Pro and $900 Epix 2 Pro in 42mm, 47mm, and 51mm sizes, both with an LED flashlight, better heart rate sensor, and improved maps — Garmin's joining the Pro bandwagon. On Wednesday, it's launching the Epix 2 Pro and Fenix 7 Pro, which both come with a boatload …
More:
Android Headlines, Gadgets & Wearables, BGR, and Notebookcheck.net
| Bloomberg: |
Filing: Amazon's Ring agrees to pay $5.8M to settle FTC allegations that until 2017 Ring gave employees and third-party contractors access to customers' videos — Amazon.com Inc. agreed to pay $30.8 million to resolve two cases brought by the Federal Trade Commission Wednesday related to privacy lapses by its smart devices.
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Reuters, CNN, Gizmodo, CyberScoop, Engadget, AppleInsider, Federal Trade Commission, CNBC, and KnowTechie
| Nikkei Asia: |
How Taiwan became indispensable in the electronics supply chain, creating Taiwanese, Chinese, and US interdependence that has deepened even as tensions rise — In the days after then-U.S. House Speaker Nancy Pelosi visited Taiwan last year, Taiwanese suppliers to U.S. tech giants including Apple …
More:
Wall Street Journal and 9to5Mac
Tweets:
@lauly_th_li, @emilyywu, @mikepeeljourno, @nikkeiasia, @chengtingfang, @dnystedt, @wongdouglas, @jojjeols, @policytensor, and @heguisen
| Mark Bergen / Bloomberg: |
After raising $730M+, UK chip startup Graphcore reported $5M+ in 2021 revenue and a $183M loss; Microsoft, an investor, reportedly declined to use its chips — Nvidia is riding the AI wave to absurd heights. Its UK rival: not so much. But first... If your company sells components designed … | Jennifer Pattison Tuohy / The Verge: |
Amazon Echo Pop review: a $40 bargain, nice design, good sound for its size, and speedy responses, but fewer hardware features and less voice aware than the Dot — As the latest entry-level Alexa smart speaker, the $40 Echo Pop packs a lot of value into a small package.
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Wired, TechHive, SlashGear, ZDNet, and Digital Trends
Sponsor Posts
Tribe AI:
State of AI: Adoption, Challenges and Recommendations — Examining the current state of AI, the key challenges organizations face, and practical recommendations for utilizing AI integration alongside other best practices.
State of AI: Adoption, Challenges and Recommendations — Examining the current state of AI, the key challenges organizations face, and practical recommendations for utilizing AI integration alongside other best practices.
SignalFire:
SignalFire raises another $1 billion to back applied AI startups — We build AI too. It tracks 650M tech employees so we can help companies with recruiting and GTM across enterprise, infra, healthcare, security, and consumer.
SignalFire raises another $1 billion to back applied AI startups — We build AI too. It tracks 650M tech employees so we can help companies with recruiting and GTM across enterprise, infra, healthcare, security, and consumer.
Zoho:
How to turn employees into your brand's biggest supporters — Turning your employees into your brand's biggest advocates is one of the most powerful ways to grow your brand. When employees feel connected to your mission …
How to turn employees into your brand's biggest supporters — Turning your employees into your brand's biggest advocates is one of the most powerful ways to grow your brand. When employees feel connected to your mission …
IDrive:
Protecting your Cloud Applications Data — Backing up Office 365, Google Workspace, Dropbox & Box data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.
Protecting your Cloud Applications Data — Backing up Office 365, Google Workspace, Dropbox & Box data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.Featured Podcasts
Hard Fork:
Is Google Breaking Up? + Seasteading Is Back + Tool Time
The future is already here. Each week, journalists Kevin Roose and Casey Newton explore and make sense of the latest in the rapidly changing world of tech.
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The Logan Bartlett Show:
Blake Scholl (Founder and CEO, Boom Supersonic) on Why Supersonic Flight Failed & How Boom is Bringing it Back
A podcast hosted by Logan Bartlett, an investor at Redpoint Ventures, covering tech with industry insiders.
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Decoder with Nilay Patel:
Former DOJ antitrust chief says a Google break up will benefit the internet
A show from the Verge about big ideas - and other problems.
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