Coinbase, Circle, Paxos, Crypto.com, Bitstamp, Cboe, and Gemini suspend business operations with Silvergate, which reported being “less than well-capitalized”
Silvergate's clients Coinbase, Circle, Paxos, Crypto.com, Bitstamp, Cboe Digital Markets and Gemini said they will suspend business with the bank.
Sources: Foxconn plans to invest ~$700M on a new plant to make iPhone parts on a 300-acre site in Bengaluru, India; the plant is expected to create 100K jobs
Apple Inc. partner Foxconn Technology Group plans to invest about $700 million on a new plant in India to ramp up local production …
US civil liberties and digital rights groups are speaking out against calls to ban TikTok, arguing the move would violate users' First Amendment rights
Happy Thursday! If you've ever thought some people in Washington should be in straitjackets, well, I guess you got your wish.
Amazon pauses second phase of construction of its HQ2 in Virginia as it reassesses office needs following its deepest-ever job cuts; phase one nears completion
Amazon.com Inc. is pausing construction on its sprawling second headquarters near Washington, a decision that coincides …
Meta cuts the price of Quest Pro, its mixed and virtual reality headset focused on business users, from $1,500 to $1,000; 256GB Quest 2 drops from $500 to $430
Mark Zuckerberg has announced that the Meta Quest Pro, the company's mixed and virtual reality headset focused on business users …
Memo: CNET EIC Connie Guglielmo, who defended CNET's use of AI tools, plans to step down to become Red Ventures' SVP of AI content strategy and editor-at-large
Following monthslong questions about how CNET uses artificial intelligence tools, longtime CNET editor-in-chief Connie Guglielmo …
Brave Search launches Summarizer, which provides a synopsis of search results for some queries using its own LLM trained to fight “unsubstantiated assertions”
It is raining AI-powered features all across search engines. Today, Brave Search launched a new “Summarizer” …
Coinbase buys One River, a crypto asset management startup that serves only institutional clients such as pension funds; One River was valued at $186M in 2021
Coinbase Global Inc., still reeling from a plunge in trading volume on its exchanges, is expanding into a less-volatile corner …
The Biden administration issues a national cybersecurity strategy, seeking to impose minimum standards, shift responsibility to larger software makers, and more
CyberScoop :
Teladoc Health, which runs BetterHelp, settles with the FTC for $7.8M and agrees to stop sharing data with Meta, Snap, and other companies for ad purposes
Wow! — In these kinds of cases consider the incentives to government to allow terrible things to go on long enough for a nice pile of case to accrue, then demand a cut of the take — rather then keep...
Sources: EU regulators are likely to approve Microsoft's $69B Activision Blizzard acquisition, satisfied by the company's Nintendo and Nvidia licensing deals
Few US lawmakers are taking action to regulate AI, as many struggle to understand the technology and its dangers, unlike the EU which proposed AI rules in 2021
Tech innovations are again racing ahead of Washington's ability to regulate them, lawmakers and A.I. experts said. Tweets: @reptedlieu , @neilturkewitz , @geomblog , @cademetz , @ceciliakang , @pstasi...
After a report said Binance misplaced $1.78B in USDC, Binance offered confused and sometimes contradictory responses, continuing its petulant and defensive tone
David Z. Morris / CoinDesk :
A look at TikTok's viral Bold Glamour filter, which an expert says likely uses generative adversarial networks, amid fears the tool may hurt users' self-esteem
which could be pretty bad ...And TikTok refuses to confirm the Bold Glamour filter is AI https://www.theverge.com/...
Microsoft updates its Bing chatbot to let users toggle between creative, balanced, and precise tones for its responses, hoping to counter Bing's wild outbursts
Tom Warren / The Verge :
Dell reports Q4 revenue down 11% YoY to $25B, commercial PC revenue down 17% YoY to $10.7B, and names Yvonne McGill to replace CFO Tom Sweet, effective August 5
Wall Street Journal :
Ericsson pleads guilty to US bribery violations and agrees to pay $206M+ in penalties; the company paid $1B+ in fines to the US DOJ and SEC in 2019 for bribery
Rohan Goswami / CNBC :
Shef, a chef-to-consumer marketplace, raised a $73.5M Series B in June 2022, including $7M in debt, led by CRV with participation from a16z and Amex Ventures
Christine Hall / TechCrunch :
Meta plans to fully or partly implement 26 of 32 Oversight Board recommendations on the cross-check system, including producing regular transparency reports
Meta Platforms accepts most recommendations from its oversight board, but rejects key provisions
HPE acquires cloud security startup Axis Security, reportedly for $500M, via HPE's subsidiary Aruba; Axis has raised $100M in funding to date
Michael Novinson / BankInfoSecurity.com :
Q&A with former NYT photo editor Fred Ritchin on AI destroying the credibility of the photo, ensuring readers understand if an image is manipulated, and more
In recent years, artificial intelligence engineers have used millions of real photographs—taken by journalists all over the world … Tweets: @vcaivano Tweets: Victor R. Caivano / @vcaivano : “Once you ...
Sources: Founders Fund cut the size of its Fund VIII, which hasn't begun deploying capital, from ~$1.8B to ~$900M; the money will be pushed to its ninth fund
Founders Fund has quietly cut the size of its eighth venture capital fund in half, from around $1.8 billion to around $900 million, Axios has learned from multiple sources. Tweets: @curiousjorge65 , @...
Ford launches Latitude AI, a subsidiary run by former Argo AI employees, to focus initially on commercializing a hands-free, eyes-off driver assistance system
Kirsten Korosec / TechCrunch :
Tel Aviv-based Hexa, which helps companies create and manage 3D models for AR/VR shopping experiences and other applications, raised a $20.5M Series A
Kyle Wiggers / TechCrunch :
HPE reports Q1 revenue up 12% YoY to $7.8B, vs. $7.45B est., HPC & AI revenue up 34% YoY to $1.1B, and Q2 revenue guidance above estimates
Jon Swartz / MarketWatch :
Bengaluru-based SpotDraft, which develops contract lifecycle management tools, raised a $26M Series A led by Premji Invest, bringing its total funding to $30.5M
Shopify: Revolutionizing Commerce with Winter Edition '26
Over 150+ new features transform how merchants build, design, and grow—with technology that amplifies creative vision.
Email fatigue is real: Here's how smart email tools help you regain control
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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.