Meta unveils Make-A-Scene, an exploratory AI research project that turns a user's sketches and text descriptions into 2,048 x 2,048-pixel images
Text-to-image generation is the hot algorithmic process right now, with OpenAI's Craiyon (formerly DALL-E mini) and Google's Imagen AIs unleashing tidal waves … Source: Meta AI .
Filing: Celsius has a $1.19B deficit on its balance sheet, ~$4.3B in assets against $5.5B in liabilities, and lost 35K ether due to StakeHound misplacing keys
Yueqi Yang / Bloomberg :
Nothing phone (1) review: a good midrange phone with snappy performance but the glyph notification system is mostly gimmicky and battery performance is not good
Nothing claims its new Phone 1 can “Bring us back. To us" with “deeper interactions” and “brave simplicity.”
Celsius' Chapter 11 filing shows that its biggest creditor, to which it owes $81M, is little known fund Pharos, which has staff with links to Sam Bankman-Fried
Among the more than 100,000 creditors of Celsius Network Ltd., the crypto lender that filed for bankruptcy on Wednesday, one entity stands out: Pharos USD Fund SP.
NFT marketplace OpenSea CEO Devin Finzer says the company laid off ~20% of employees; OpenSea didn't disclose the number impacted but said that 230 staff remain
- NFT marketplace major OpenSea announced layoffs on Thursday. — CEO Devin Finzer said in a statement that “~20% of our team” had been let go.
Chainalysis: crypto flowing into mixer services hit a 30-day moving average of $51.8M in April, a record high; Russia's Hydra Market accounted for 50% of funds
Despite a significant Achilles' heel, mixers are seeing unprecedented demand. — The amount of cryptocurrency flowing …
Sources: Amazon has reduced its white label product selection and mulled exiting the business altogether, amid weak sales and mounting regulatory pressure
Executives also have discussed exiting the business entirely to address regulatory pressure — Amazon.com Inc. AMZN 0.21%▲ …
Celsius CEO said in a court filing that his company was owed $439M by a “private lending platform” that sources say is specialist finance company EquitiesFirst
Specialist finance group owes $439mn to digital assets lender — A mysterious debtor to Celsius Network referenced …
Sources: Stripe, last valued by private investors at $95B, told staff it cut its internal share price by 28%, lowering those shares' implied valuation to $74B
Payments processor was last valued by private investors at $95 billion — Payments giant Stripe last valued by private investors …
Twitter is testing custom timelines built by developers that merge content around specific themes, starting with one about The Bachelorette in the US and Canada
Twitter is testing a new feature that will show users custom timelines built by developers that will merge Tweets …
Sensor Tower: total revenue generated by non-game apps hit ~$3.4B in Q2 2022 on the US App Store, surpassing mobile games, which hit ~$3.3B, for the first time
A major shift in the U.S. app economy has just taken place. In the second quarter of this year, U.S. consumer spending …
Google releases Chrome OS Flex, a Chrome OS version for businesses and schools to run on 400+ old PC and Mac models, after fixing 600+ bugs since February 2022
Tom Warren / The Verge :
Meta says Facebook is testing a way for users to create up to five profiles linked to one account and that switching between profiles will require only two taps
Queenie Wong / CNET :
Regulators should crack down on crypto, after it gained an illusion of respectability through association with high-status institutions and individuals
When the Federal Reserve speaks, it speaks in Fedspeak. A pithy turn of phrase or a striking metaphor can all too easily turn into a headline … Tweets: @smdiehl , @antoniogm , @chris_maag , @seneca_l...
Amazon plans to create 4K+ jobs in the UK in 2022, including in software development and engineering, bringing its permanent workforce in the UK to 75K+
- Amazon says it will create more than 4,000 permanent jobs in the U.K. in 2022. — The latest hiring push will bring …
Circle releases a detailed, but unaudited, breakdown of its reserve assets for USDC, showing $42.1B in short-term US government bonds and $13.6B in cash
The asset breakdown comes at a time when crypto firms and their finances are under increasing scrutiny in the ongoing crypto credit crisis.
Meta releases its first annual human rights report, covering 2020 and 2021 due diligence and summarizing a controversial human rights impact assessment of India
Katie Paul / Reuters :
Adobe: US online sales during Amazon's Prime Day jumped 8.5% YoY to nearly $12B; Prime members bought 300M+ items, or 100K products per minute
our biggest ever w/ 300M+ items sold & $1.7B+ saved by Prime members. Prime Day is a massive team endeavor—thank you, thank you, thank you to our teams, 3P sellers & delivery partners for your incredi...
Instagram adds more features to its paid subscriptions test for creators, including the ability to publish feed posts that are only visible to subscribers
Hello! Welcome back to another summer edition of Lab Weekly. Iskra Petrova / PhoneArena : Instagram Subscriptions announced: create exclusive content and increase your creator revenue Priya Singh / B...
Sources: Intel told customers it will raise prices on most of its CPUs and peripheral chips in autumn due to rising costs; source: prices could rise up to 20%
Report Matthew Humphries / PCMag : Intel Is Preparing to Raise Chip Prices Msmash / Slashdot : Intel Plans Price Hikes on Broad Range of Products Reuters : Chipmaker Intel starts informing customers o...
How crypto broker Voyager, which generated interest on deposits by loaning crypto assets, collapsed after its largest borrower Three Arrows Capital defaulted
In an industry where counterparties are tightly bound together by a weave of debt and leverage, dominoes can fall fast and hard.
A federal jury convicts Vault 7 leaker Joshua Schulte on nine counts, two years after a previous jury failed to agree on eight of the 10 charges he faced then
Okendo, which provides customer review tools to e-commerce brands, has raised a $26M Series A led by Base10 Partners, bringing its total funding to $33.5M
No merchant likes a bad customer review and Okendo, a customer marketing platform, announced $26 million in Series A funding today …
Tesla Senior Director of AI Andrej Karpathy says he is leaving the company after about five years; Karpathy led the computer vision team for Tesla Autopilot
Sources: activist investor Elliott Management told Pinterest that it has built a 9%+ stake in the company in recent months; the stock jumps 15%+ after hours
Wall Street Journal :
Samsung says it has developed a new GDDR6 DRAM with a 24Gbps data transfer rate, 30%+ faster than its 18Gbps predecessor, built on its 10nm process using EUV
compliant with the latest GDDR standard. Read more: https://news.samsung.com/... https://twitter.com/...
Bishop Fox, which offers tools for dynamic application security testing, has raised a $75M Series B led by Carrick Capital Partners
Tim Keary / VentureBeat :
Los Angeles-based Merkle Manufactory, which is developing a “sufficiently decentralized” social network protocol called Farcaster, has raised $30M led by a16z
Two years ago, Varun and I started working together on an idea called RSS+. Wayne Jones / crypto.news : U.S. Inflation at 9.1%, Farcaster's Successful in a Funding Round, Crypto Market Bearish Spell C...
CoinFlex will let users withdraw up to 10% of their balances, excluding its flexUSD stablecoin, on July 15, after pausing withdrawals last month
Immanual John Milton / Bloomberg :
Sources: the US DOJ is likely to reject Alphabet's concessions and file an antitrust lawsuit in the coming weeks over Google's dominance of the online ad market
SmartBank, which offers a prepaid card and finance app in Japan, has raised a $20M Series A, bringing its total funding to $30M
Shota Horii, his twin brother Yuta Horii and Jun Taketani co-founded SmartBank in 2019 after selling their previous startup Fablic, a Japanese online secondhand marketplace, to Rakuten in 2016.
You.com, an AI-powered search engine that offers built-in apps, like search tools for Twitter, raised a $25M Series A, bringing its total funding to $45M
Kyle Wiggers / TechCrunch :
Pulley, which offers cap table management software, has raised a $40M Series B led by Founders Fund at a valuation between $150M and $300M
Lucinda Shen / Axios :
Hang, which aims to help brands create and manage Web3-powered membership and loyalty programs that leverage NFTs, raised a $16M Series A led by Paradigm
Lucas Matney / TechCrunch :
The alumni of Colombian last-mile delivery unicorn Rappi have founded 100+ startups in under seven years, outpacing even the PayPal Mafia in startup creation
Rest of World :
India-based mobile-first credit card operator OneCard raised a $100M+ Series D led by Temasek, a source says at a $1.4B+ valuation, up from $750M in January
Manish Singh / TechCrunch :
A California regulator is looking into concerns raised in an anonymous letter that Cruise launched its robotaxi service prematurely despite employees' concerns
Shopify's new AI commerce stack
Their VP of Product digs into just-launched products to help entrepreneurs and developers build with the latest AI.
Email fatigue is real: Here's how smart email tools help you regain control
Picture this: It's Monday morning. You walk into the office feeling energized and ready to take on the week.
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.