Sources: hundreds of Foxconn workers at the iPhone plant in Zhengzhou clashed with security guards as protests erupted over unpaid wages and COVID-19 fears
Hundreds of workers at Apple Inc.'s main iPhone-making plant in China clashed with security personnel, as tensions boiled over after almost …
SBF claims FTX had ~$60B in collateral in spring 2022, before a credit squeeze, market selloff, and “run on the bank” reduced it to $9B and led to bankruptcy
The former FTX CEO did not address concerns about customer funds being misappropriated or other recent revelations about the company.
In a bankruptcy hearing, FTX lawyers say a “substantial amount” of assets have been stolen from accounts; client names and addresses will be redacted for now
Crypto is the cat with nine lives, but some wonder if FTX might be the last one. CNBC : FTX lawyer calls this case ‘a different sort of animal’ in first bankruptcy hearing Panda Security Mediacenter :...
In its Q3 Adversarial Threat Report, Meta attributes a pro-US campaign to US military-run phony Facebook accounts, Pages, Groups, and Instagram accounts
People associated with the U.S. military were behind dozens of phony Facebook accounts, more than a dozen pages, a pair of groups …
New York becomes the first US state to restrict crypto-mining as Gov. Kathy Hochul signs a bill imposing a two-year moratorium on permits at fossil fuel plants
National cryptocurrency industry groups had lobbied Gov. Kathy Hochul to veto the environmental ban, fearful that other states could follow New York's lead.
Sources: Sequoia apologized to its fund investors for the $150M lost on its FTX bet and details plans to improve its due diligence process on new investments
but blames bankruptcy filing Sead-Fadilpasic / Cryptonews : Venture Capital Firm Sequoia Apologizes to Fund Investors for $150 Million Loss on FTX Shadine Taufik / Tech in Asia : Sequoia apologizes fo...
Facebook's Q3 Widely Viewed Content Report: in a first, none of the top 20 posts broke platform rules; sources detail Meta's latest fight against spammy content
linked to individuals associated with the US military — operated across many internet services and focused on Afghanistan, Algeria, Iran, Iraq, Kazakhstan, Kyrgyzstan, Russia, Somalia, Syria, Tajikist...
Windows Subsystem for Linux is now generally available for Windows 10 and 11 via the Microsoft Store, as Microsoft makes the Store version of WSL the default
Microsoft announced today that the Store version of Windows Subsystem for Linux (WSL) is generally available for Windows 10 and 11 customers.
An interview with @dril on Elon Musk's Twitter, which he says is “a work in progress”, like Hyperloop, and will be a “beautiful thing at the end of the day”
The ‘patron saint of the internet’ tells The Post he'll never pay for verification but will learn to code if Musk offers him a job
Research: discrete and integrated GPU shipments fell 25.1% YoY to 75.5M in Q3, desktop GPUs fell 15.43% YoY, and notebook 30% YoY, the biggest drop since 2009
Intel solidifies GPU positions amid graphics market slump. — Shipments of integrated and discrete graphics processing units dropped …
HP plans to lay off 4,000-6,000 employees, or up to ~10% of its workforce, over the next three years, aiming to achieve $1.4B in annualized cost savings
Denny Jacob / Wall Street Journal :
Amazon's Twitch makes changes to address child predation concerns, including mandatory phone verification and improving account termination for users under 13
Twitch, the video game livestreaming site popular with teens and kids, announced changes it's making on the platform to increase safety …
A look at a letter from March by four GOP and four Democratic House members discouraging the SEC from probing crypto firms; five had donations from FTX staff
The Securities and Exchange Commission was seeking information from collapsed cryptocurrency exchange FTX earlier this year …
Interviews and messages show how SBF used PACs, nonprofits, and consulting firms to woo politicians, regulators, and others to support his crypto goals
with as much money & as little apparent regard for the lines between corporate lobbying, political & nonprofit spending — as @FTX_Official. https://twitter.com/... Reed Galen / @reedgalen : Incredible...
HP reports Q4 revenue down 11.2% YoY to $14.8B and Personal Systems revenue down 13% YoY to $10.3B, and forecasts a 10% drop in PC sales in FY 2023
HP Inc. said it will eliminate as many as 6,000 jobs over the next three years amid declining demand for personal computers that has cut into profits.
Since Elon Musk's takeover, sources say Twitter has in some cases chosen not to pay vendors, as it reviews and renegotiates deals to cut expenses
Good morning! FTX's lawyers painted a startling picture of the company in a bankruptcy court yesterday. Kali Hays / Insider : Elon Musk puts an end to some Twitter perks, limits expenses due to compa...
Sources: at an all-hands, Elon Musk said Twitter is done with layoffs and actively recruiting for roles in engineering and sales; Twitter has 2,700+ employees
Despite Elon Musk publicly distancing himself from SBF, texts between them on May 5 show SBF rolled over $100M in Twitter stock during Musk's takeover
Analysis: of the estimated 140,000 accounts paying for Twitter Blue, many are far-right influencers, the average has 560 followers, some are spoofs, and more
When Elon Musk bought Twitter last month, he made Twitter Blue, an existing subscription service, the backbone of his strategy to increase revenue.
Google Nest Wifi Pro review: easy to use, inexpensive, no subscriptions, and nice design, but Ethernet limited to 1Gbps, no Assistant, and few parental options
Jennifer Pattison Tuohy / The Verge :
Digital World Acquisition Corp. says investors voted to extend the deadline to merge with Truth Social to September 2023, pending an investigation by regulators
The move by shareholders of the company that would merge with Trump Media & Technology Group buys time as regulators investigate the proposed deal.
Sources: Genesis Global has $2.8B in outstanding loans, including ~30% of its lending made to related parties like its parent company DCG
Bloomberg :
The UK's National Audit Office says a 2% digital services tax on the gross revenue of Amazon, Apple, and other US giants reaped almost £360M in its first year
Mark Sweney / The Guardian :
Xiaomi reports Q3 revenue down 9.7% YoY to ~$9.85B, slightly above estimates, and a ~$210M net loss, following a ~$420M writedown on investments
Xiaomi Corp.'s quarterly revenue fell almost 10% as it battled a slumping global smartphone market and weak consumer demand at home.
Meta's researchers detail Cicero, an AI trained to “human level performance” in negotiation-based strategy game Diplomacy, ranking in the top 10% over 40 games
for the first time, an AI is able to consistently manipulate humans to act against their own interest, and further the AI's goals, using only natural language. And all along, humans don't even know th...
Pathmatics: over a third of Twitter's top 100 clients, including Mars and Jeep, as well as 14 of the top 50, haven't advertised on Twitter in the past two weeks
all in the name of some grade-school version of free speech — enables amplification of hate, incitement, the old twitter cesspool. Seth Abramson / @sethabramson : (MORE) Musk cannot afford to lose mor...
Sources detail Elon Musk's rapid dismantling of Twitter's safety work, narrowing its scope to whatever he deems violent, threatening “sticks and stones” talk
Shares of Paytm closed at an all-time low on Tuesday, a week after the post-IPO lockup period for early investors expired, amid competition risk from Reliance
Manish Singh / TechCrunch :
Omdia: in 2022, Alphabet, Amazon, Meta, and Apple are on pace to take 68% of ~$500B in online ad revenue made by non-China companies, driven by video campaigns
TV and film companies are racing to capture some of the marketing cash pouring into the likes of YouTube Tweets: @astaniscia86 , @mattnavarra , and @c_valenzuelab Tweets: Giulio S. / @astaniscia86 : O...
Barcelona-based Ukio, which runs a short-term apartment rental service, raised a €27M Series A led by Felix Capital, with €17M in equity and €10M in debt
Paul Sawers / TechCrunch :
A look at the 5G network challenges faced by telecom operators, including intense competition, tapering consumer demand, and sufficiency of 4G speeds
Anna Gross / Financial Times :
Baidu EVP Dou Shen downplays the impact of US semiconductor restrictions, after the company stockpiled parts, and says its AI business would benefit long term
Shen Lu / Wall Street Journal :
An interview with AMD CEO Lisa Su on AMD's success at catching up to Intel, huge bets on custom chips, the PC slump, export restrictions to China, and more
Katie Tarasov / CNBC : Tweets: @nerdtechgasm and @lamw Tweets: @nerdtechgasm : Next: “How AMD became a GPU giant and leapfrogged NVIDIA after years of playing catch-up”? The dream continues.. 😅 https...
Florida-based care.ai, which uses AI-powered sensors to monitor and collect behavioral data on care facility patients, raised $27M from Crescent Cove Advisors
Jessica Hagen / MobiHealthNews :
The UK's CMA launches an investigation into Apple's and Google's dominance in mobile browsers and cloud gaming, following a survey that found a “stranglehold”
Taktile, which allows fintech companies to test and deploy decision-making models, has raised a $20M Series A co-led by Index Ventures and Tiger Global
Kyle Wiggers / TechCrunch : Tweets: @ycombinator Tweets: @ycombinator : Congrats to the team @taktile_org on the $20M Series A! With Taktile (YC S20), companies can easily build and adjust automated ...
US Senators Elizabeth Warren, Richard Durbin, and Tina Smith ask Fidelity to reconsider its upcoming Bitcoin 401(k) offerings announced in April 2022
Camomile Shumba / CoinDesk :
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.