A live blog of TikTok CEO Shou Zi Chew's testimony before Congress, as he attempts to address national security concerns over ByteDance's ownership of the app
Updated just now — TikTok CEO Shou Zi Chew is testifying before Congress for the first time, in an attempt to address lawmakers' worries …
Coinbase says it received an SEC notice warning the exchange of potential US securities law violations that could lead to enforcement actions; COIN drops 10%+
- The SEC issued crypto exchange Coinbase a Wells notice, warning the exchange that it identified potential violations of U.S. securities law.
The US SEC sues Tron founder Justin Sun and his companies for the alleged “unregistered offer and sale of crypto asset securities” TRX and BTT, fraud, and more
The SEC alleged TRX, BTT are unregistered securities, and claimed Sun created an “extensive wash trading” program to boost their trading volume.
A poll of 1,027 US adults: 41% support a TikTok ban, 25% oppose it, and 71% are concerned that ByteDance is based in China; 17% of US daily users support a ban
The debate over the national security risk posed by the misuse … Sapna Maheshwari / New York Times : What to Know About Today's Congressional Hearing on TikTok Mark Wilson / TechRadar : TikTok ban: wi...
A profile of TikTok CEO Shou Zi Chew, a Singaporean army reservist and an ex-Goldman Sachs banker, as he defends TikTok before a skeptical Congress
Singapore army reservist and ex-Goldman banker says misconceptions about Chinese-owned app need to be clarified — How TikTok Could Become a U.S. Company
Sources: Apple considers bidding for the streaming rights to a range of English soccer games, including showing Premier League games in the UK, following Amazon
Apple Inc. is considering bidding for the streaming rights to a range of English football games, according to people familiar …
WhatsApp announces an updated Windows app, which loads faster and enables group video calls with up to eight people and audio calls with up to 32 people
Today, we're introducing a new WhatsApp app for Windows that loads faster and is built with an interface similar to the mobile version of the app.
Lindsay Lohan, Jake Paul, and other celebrities agree to pay a combined $400K to settle SEC charges over promoting TRX and BTT without disclosing compensation
China “firmly opposes” a forced sale of TikTok, warning the move would involve “technology export” and would “seriously damage” investor confidence in the US
Intervention by commerce ministry comes ahead of social media app chief's appearance at US Congress
Sources: Apple plans to spend $1B/year to produce movies for large-scale theatrical release, a big increase from years past, seeking to grow awareness of TV+
Apple Inc. plans to spend $1 billion a year to produce movies that will be released in theaters, according to people familiar …
The FTC proposes a ban on difficult-to-cancel subscriptions, with new “click to cancel” rules requiring companies to make canceling as simple as subscribing
The US Federal Trade Commission is proposing a formal ban on subscriptions that are simple to start but difficult to stop.
Block drops 10%+ after Hindenburg Research discloses a short position and alleges the company overstated user counts and understated customer acquisition costs
Hindenburg Research said on Thursday it held short positions in Block Inc (SQ.N), alleging that the Jack Dorsey-led payments firm overstated …
Montenegro's Interior Minister says Terraform Labs co-founder Do Kwon has been arrested at the Podgorica airport with falsified documents
The announcement was made by the minister of interior Filip Adzic. — Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.
YouTube channel Linus Tech Tips was hacked on Thursday and started posting videos for crypto scams, the latest in a series of crypto scam breaches on YouTube
Popular YouTube channel Linus Tech Tips has been hacked this morning, with the channel's 15.3 million subscribers seeing videos …
Sam Altman says OpenAI has fixed a “significant issue” in ChatGPT after a bug in an open-source library let some users see titles of other users' chat history
ChatGPT-owner OpenAI said on Wednesday it had fixed a bug that caused a “significant issue” of a small set of users …
Sources: Arm seeks to raise prices for its chip designs by charging device makers based on the value of a device instead of chipmakers based on a chip's value
SoftBank-owned group aims to charge more for each chip design in radical shake-up of business model
Accenture plans to lay off 19,000 employees, or 2.5% of its workforce, and lowers its annual forecasts, as the global economic slowdown weighs on IT services
Accenture Plc said on Thursday it would cut about 19,000 jobs and lowered its annual revenue and profit projections …
Chatbot startup Character.AI raised $150M led by a16z at a $1B valuation, after a $43M seed in December 2021, and plans to raise more from “strategic partners”
The first time I tried Character.AI, it completely hijacked my husband's birthday dinner. Dan Primack / Axios : Character.ai raises $150 million to create personalized chatbots Reuters : AI chatbot Ch...
OIG report: US officials working on Login.gov, used by dozens of sites, rejected facial recognition to verify users due to algorithmic bias, breaking NIST rules
Khari Johnson / Wired : Tweets: @tobywalsh Tweets: Toby Walsh / @tobywalsh : Is this really true? WIRED claims federal security guidelines require that a person's identity must be confirmable using a...
A look at RightWingGPT, an experimental AI model fine-tuned to manifest conservative viewpoints, made by a researcher who claims ChatGPT has a left-leaning bias
including one experiment called RightWingGPT — are designed to parrot partisan biases, and they might not be so careful. https://www.nytimes.com/... @wolven : So uhhhh... Fuck Brave Browser, huh? Usin...
Canva debuts AI-based tools, including Magic Design that makes personalized templates from images and Magic Presentation that creates slideshows from prompts
Alex Konrad / Forbes :
Researchers warn of “industrial capture” in AI as companies dominate the sector; 96% of the biggest AI models belonged to companies in 2021, up from 11% in 2010
and will ultimately shape its impact on our collective future” https://www.ft.com/... Rasmus Kleis Nielsen / @rasmus_kleis : “Private AI companies have quietly entrenched their power. Recent developme...
Microsoft launches Loop, its Notion and Asana competitor, in preview, letting users collaborate in shared Microsoft 365 workspaces on the web, Android, and iOS
Sean Endicott / Windows Central :
Munich-based IntegrityNext, a service that helps companies audit supply chains for ESG compliance, raised €100M from EQT Growth, its first outside investment
Ingrid Lunden / TechCrunch : Thanks: @ingridlunden
Singapore-based crypto exchange Bitget acquires a controlling stake in Cayman Islands-based crypto wallet startup BitKeep, investing $30M at a $300M valuation
Yogita Khatri / The Block : Tweets: @yogita_khatri5 Tweets: Yogita Khatri / @yogita_khatri5 : As part of the Bitget deal, @kevincomo, BitKeep's pseudonymous CEO, is stepping down and Karry Cheung, th...
A look at Replika's decision to block adult content in its AI companion chatbot; 60% of paying customers had a romantic element in their Replika relationship
and this can lead to love, and in this case, to heartbreak 💔 https://www.bloomberg.com/... https://twitter.com/... Jon Christian / @jon_christian : getting major Pygmalion vibes from some of this AI s...
Job listings site Indeed lays off ~2,200 people, or ~15% of its headcount, citing falling HR Tech revenue; Tokyo-based Recruit acquired Indeed in September 2012
Theo Wayt / The Information :
Sources: Toshiba plans to accept a ~$15.3B takeover offer from a coalition including Japan Industrial Partners; JIP is expected to take Toshiba private
Nikkei Asia :
South Korea-based luxury goods resale platform Kream raised a ~$168M Series C led by Altos Ventures at a ~$742M valuation, up from ~$306M in October 2021
Kate Park / TechCrunch :
Jakarta-based Kredivo, formerly FinAccel, whose services include BNPL, personal loans, credit cards, and neobanking, raised a $270M Series D led by Mizuho Bank
Catherine Shu / TechCrunch :
Court filings: FTX plans to recover $460M in assets, including $404M in cash, of the $475M seed capital transferred from Alameda to hedge fund Modulo in 2022
Tracy Wang / CoinDesk :
Amazon introduces new Fire TVs and the cheaper TV lineup 2-Series, says 200M+ Fire TV devices have been sold, and expands Luna to the UK, Germany, and Canada
Bellingcat founder Eliot Higgins says Midjourney banned him after he made images of a Donald Trump arrest; the company banned the word “arrested” in its tool
Intel, IBM, Nvidia, and other chip companies have joined industrial materials businesses to fight proposed clampdowns on “forever chemicals” across the US
Patrick Temple-West / Financial Times :
After the Russia-linked Clop ransomware gang claimed to hit 130 companies, victims are coming forward, many of which used Fortra's GoAnywhere file transfer tool
Sources: Google, Meta, and Apple want Congress to limit Section 702 of the Foreign Intelligence Surveillance Act, expiring at 2023's end if not reauthorized
The UK CMA says Broadcom's $69B VMware acquisition may make servers more expensive, giving five working days to address concerns and warning of an investigation
Kate Beioley / Financial Times :
Intel says Raja Koduri, who joined as Chief Architect in 2017, plans to leave to found a startup focused on generative AI for gaming, media, and entertainment
Microsoft announces a toolkit for developers to measure Xbox games' energy consumption “to the nearest millisecond”, helping the company establish a baseline
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