Reddit's API pricing changes stem from LLMs driving up the value of the site's data, an upcoming IPO, and third-party apps generating no revenue for the company
As it moves to shut down third-party apps, the site's self-governing ethos comes back to haunt it — I.
Internal memo: Twitter CEO Linda Yaccarino tells employees that the platform is “on a mission to become the world's most accurate real-time information source”
Linda Yaccarino, who joined company last week, describes her mission to employees
The US FTC files for a temporary restraining order and preliminary injunction to block Microsoft's acquisition of Activision Blizzard
- The FTC on Monday filed a temporary restraining order and preliminary injunction seeking to block Microsoft's proposed acquisition of Activision Blizzard.
SDNY releases documents in which an ex-SEC director suggested ether and bitcoin were not securities in 2018, which crypto advocates say undermines the SEC
- Certain documents related to former SEC director William Hinman have been released in the SEC's lawsuit against Ripple Labs.
Over 7,000 subreddits have gone private or read-only to protest Reddit's API pricing changes; the site experienced issues for about two hours on June 12
Paul McCartney says a sound editor used AI to “extricate” John Lennon's voice from an old demo to create “the final Beatles record”, slated for release in 2023
Sir Paul McCartney says he has employed artificial intelligence to help create what he calls “the final Beatles record”.
Jack Dorsey says India threatened to shut down Twitter unless the company complied with orders during the farmer protests, a claim India calls an “outright lie”
Twitter was threatened with shut down in India, Nigeria and Turkey unless it complied with orders to restrict accounts …
Unpacking Coinbase's flawed talking points in its battle with the SEC, including the argument that “securities laws written in the 1930s can't apply to crypto”
Coinbase is trotting out its usual flawed arguments now that it's facing a lawsuit from the SEC, and more pushback is needed.
A declassified ODNI report from 2022: the US has amassed troves of “sensitive and intimate information” about Americans purchased from commercial data brokers
A newly declassified report from the Office of the Director of National Intelligence reveals the federal government is buying troves of data about Americans.
Sources: Netflix is in talks to livestream its first sporting event this fall, a celebrity golf tournament with professional golfers and Formula One drivers
Tournament to include celebrities from Formula One series ‘Drive to Survive’ and golf program ‘Full Swing’
How Jimmy Donaldson, aka MrBeast, became a viral sensation for his absurd acts of altruism and pitching subscribing as an act of charity, sometimes literally
Jimmy Donaldson, a.k.a. MrBeast, has become a viral sensation for his absurd acts of altruism. Why do so many people think he's evil?
Uniswap Labs details Uniswap v4, the next version of the decentralized exchange, and invites feedback; Uniswap v3 launched in 2021 and has processed over $1T
The biggest decentralized crypto exchange is opening its development process to the public for the first time as the SEC cracks down on its centralized competitors.
YouTube lowers requirements to monetize under the Partner Program, including creators only needing 500 subscribers, down from 1,000, and fewer watch hours
YouTube is lowering the requirements for creators to get access to monetization tools under the YouTube Partner Program (YPP).
A look at the global network of subsea internet cables, dominated by companies from France, the US, and Japan, as China circumvents US curbs to build its own
Nearly 1.4mn kilometres of metal-encased fibre criss-crosses the world's oceans, speeding internet traffic seamlessly around the globe.
AMD announces the Ryzen Pro 7000 for desktop and Ryzen Pro 7040 HS and 7040 U for mobile, adding an integrated Ryzen AI block on select models and Zen 4 cores
As is a constant whenever AMD launches their latest desktop and mobile processors, they typically deploy and release a professional …
Google's Search Generative Experience seems like an “AI plagiarism engine” that cobbles together snippets of text from a variety of sites, often word-for-word
The Search Generative Experience seems more like a text-copying experience. — Search has always been the Internet's most important utility.
Nothing plans to release the Nothing Phone 2 on July 11, offering a Snapdragon 8 Plus Gen 1 chip and bigger battery, widely available in the US
We knew that the Nothing Phone 2 would arrive next month, and now we have a precise date: July 11th, a day shy of the Phone 1's first birthday.
Sources: Microsoft and OpenAI's unusual deal created internal conflict, including over transparency, sales pitches, and Microsoft's spending on in-house AI
As the companies lead the AI boom, their unconventional arrangement sometimes causes conflict — Microsoft and OpenAI's partnership …
In a first, Larry Ellison passes Bill Gates to become the world's fourth-richest person with a $129.8B net worth; ORCL has risen 42% in 2023 on the AI boom
The optimism around artificial intelligence boosted both Oracle Corp.'s stock — and founder Larry Ellison's net worth — to record highs on Monday.
The EU reaches a long-awaited deal on rules that could let 28M gig workers get social security and more, and plans to discuss the proposals with its parliament
Financial Times :
Saudi Arabia's Savvy Games Group has spent ~$8B of its $38B war chest acquiring and building stakes in gaming companies globally in the past 18 months
Savvy shells out $8bn on deals in 18 months in rapid push to diversify revenues and acquire soft power
Microsoft Gaming CEO Phil Spencer says he does not “feel an imperative” from users to release a new Xbox console, and the team is “pretty set on the hardware”
but it doesn't need one Metro : Xbox boss insists there's no demand for a more powerful console yet Aleksha McLoughlin / TechRadar : Xbox head Phil Spencer doesn't see the need for an upgraded Xbox Se...
South Korean prosecutors allege that a former Samsung executive stole blueprints and designs in 2018 and 2019 to reproduce an entire chip plant in Xi'an, China
Shinhye Kang / Bloomberg :
M2 Ultra Mac Studio review: a small, fast, efficient, and quiet desktop that has a good port selection and is a better deal than the new Mac Pro for most users
Andrew Cunningham / Ars Technica :
AI video generation startup Synthesia raised a $90M Series C at a $1B valuation, led by Accel with Nvidia participating, and works with 35% of the Fortune 100
- Artificial intelligence-based video generation platform Synthesia has raised $90 million from investors, the company told CNBC exclusively.
a16z plans to open a crypto-focused office in London and leads a $43M round in London-based Gensyn, which offers a decentralized compute network for training AI
Over the last year it has become clear that blockchains … Reuters : London crypto move is a sign of desperate times FinSMEs : Gensyn Raises £33.8M in Series A Funding Eli Dambel / Bitcoinist.com : a16...
India investigates reports of a breach at a portal with the data of 1B+ COVID-19 vaccine recipients; Telegram removes a bot letting users pull individuals' data
Accenture plans to invest $3B over three years into its data and AI practice, aiming to have 80,000 staff working on AI, after laying off ~19,000 in March 2023
Accenture said on Tuesday it will invest $3 billion over three years into its data and AI practice, doubling the number of employees …
Meta adds “world chat” to Horizon Worlds, offering a text-based way of communicating with anyone in the same world session, and promises strict moderation
Meta will automatically scan and remove messages that go against its code of conduct. — After introducing mini-games …
Oracle reports Q4 revenue up 17% YoY to $13.84B, vs. $13.73B est., cloud services and license support revenues up 23% YoY to $9.37B, and net income up 4% YoY
Earnings Review Brody Ford / Bloomberg : Oracle Pushes to Record High as AI-Frenzy Spurs Cloud Demand Jordan Novet / CNBC : Oracle beats on top and bottom lines as cloud revenue jumps Eric J. Savitz /...
Sources: the EU is set to hit Google with a formal antitrust complaint regarding the company's ad tech, with a statement of objections coming as soon as June 14
Paris-based Mistral AI raised a €105M seed led by Lightspeed, sources say at a €240M valuation, to take on OpenAI and plans a 2024 launch for its first models
AI is well and truly off to the races: a startup that is only four weeks old has picked up a $113 million round …
Sources: SoftBank plans a new round of Vision Fund layoffs, impacting up to 30% of the staff at the unit; Vision Fund had 349 staff at the end of March 2023
Krystal Hu / Reuters :
PitchBook: the UK and Ireland accounted for <28% of VC deals in Europe and Israel in Q1 2023, down from 34%+ in 2018, as deals in France and the Nordics rose
Mark Bergen / Bloomberg :
Investor letter: Insight Partners slashes the $20B target for its latest fund to $15B, after raising just $2B since June 2022, citing a “great reset in tech”
Financial Times :
Boston-based cloud cost management startup CloudZero raised a $32M Series B led by Innovius Capital and Threshold Ventures, taking its total funding to $52M+
Kyle Wiggers / TechCrunch :
Preqin: total US dollars raised by China-focused VC and PE funds peaked at $48.6B in 2021 before dropping to $16.5B in 2022 and just $1.15B so far in 2023
The Information https://www.theinformation.com/ ... Dan Wang / @danwwang : A stark drop for VCs as endowments and pensions decide to stop investing in China: https://www.theinformation.com/ ... A good...
Filings: a nonbinding proposal on whether Marc Benioff should continue as Salesforce's board chair got 23% of the vote, vs. ~37% in 2022; CRM is up 55%+ in 2023
Brody Ford / Bloomberg : Tweets: @brodyford_ and @business Tweets: Brody Ford / @brodyford_ : New: Fewer investors want to boot Salesforce's Marc Benioff compared to last year. Hard for them to be ma...
Amazon is testing generative AI for summarizing product reviews, giving an overview of what customers like and dislike alongside an “AI-generated” disclaimer
and yes, it's about AI Shiona McCallum / BBC : Amazon cracks down on fake reviews with AI Thanks: @mattrosoff
Austin-based Striveworks, which builds MLOps tools for training AI models and cleaning data, raised $33M from Centana Growth Partners, its first outside funding
Ingrid Lunden / TechCrunch :
By capitalizing on crypto lending services' high interest rate promises, 3AC's founders played the bubble perfectly, getting rich as 3AC's lenders went bankrupt
Matt Levine / Bloomberg : Mastodon: @carnage4life@mas.to . Tweets: @business , @rr_edmonds , and @matt_levine Mastodon: Dare Obasanjo / @carnage4life@mas.to : A fun but cynical take from Matt Levine....
Documents show some US courts are using Covenant Eyes, an anti-porn app sold to churches to monitor all online activity, to surveil parolees and their families
Dhruv Mehrotra / Wired : Mastodon: @couts@mastodon.social . Tweets: @petersterne , @ma_franks , and @nicolerprause Mastodon: Andrew Couts / @couts@mastodon.social : NEW: An anti-porn “accountability”...
Percepto, which sells software and hardware for industrial drone applications, raised a $67M Series C, split as ~$50M in equity and ~$16M in debt, led by KDT
Vendors allege Hippocratic AI co-founder's former startup Health IQ, which faces a fraud lawsuit, owes millions; Hippocratic AI raised $50M from a16z and others
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
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.