A profile of Midjourney founder David Holz, who co-founded Leap Motion in 2008 before a $30M sale in 2019, as the AI art tool prepares for the 2024 US elections
Parmy Olson / Bloomberg : X: @bobonmarkets X: Robert Burgess / @bobonmarkets : Midjourney's David Holz built a tool for human imagination. What happens if that turns into a propag...
Child content creators, or “kidfluencers”, some of whom make $20M+/year, show that protecting kids from labor exploitation is difficult in the social media age
not necessarily by the master sweep, but by their parents. … X: Hollis Robbins / @anecdotal : An excellent & urgent column by @tylercowen. As children of parent influencers grow up...
FTX CEO John Ray's testimony to the US House: FTX and Alameda commingled customer assets, insiders were paid $1B+, FTX US was not run independently, and more
Before He Was Arrested Luc Olinga / TheStreet : FTX's Bankman-Fried Used Client Money for Political Donations: SEC Financial Times : FTX live news: Alameda had no list of bank acco...
A look at a draft copy of Sam Bankman-Fried's planned House testimony, including accusations against John Ray and screenshots from a chat with Changpeng Zhao
Sam Bankman-Fried, founder of collapsed crypto exchange FTX, was scheduled to testify Tuesday before the U.S. House of Representatives Committee on Financial Services.
Google cancels seven out of 14 projects in its Area 120 incubator, including Qaya, which offered storefronts for creators, and shifts to only AI-first projects
Google CEO Sundar Pichai, speaking at the Code Conference last week, suggested the tech company needed to become 20% more efficient …
Sources: Elon Musk is evaluating various debt packages, including preferred debt and a loan against his shares of Tesla, to secure financing for his Twitter bid
The world's richest man is trying to shore up debt financing, including potentially taking out a loan against his shares of Tesla, so he can buy Twitter for $43 billion.
A look at corporate raider tactics requiring 51% of a company's stock, which tend to treat remaining minority shareholders poorly, amid Twitter's “poison pill”
Matt Levine / Bloomberg :
A look at corporate raider tactics requiring 51% of a company's stock, which tend to treat remaining minority shareholders poorly, amid Twitter's “poison pill”
Poison pills — Here are some things you could do 1 : — Buy 51% of the stock of a public company …
Coinbase amends claims on its website that USDC is backed 1:1 by USD, after Circle disclosed in July that commercial paper and other assets back USDC
- Some assets of second-largest stablecoin carry default risk — Coinbase as late as this month claimed coin is backed by cash
Sources: Colonial paid ~$5M ransom in cryptocurrency within hours of the attack, but the hackers' decrypting tool was so slow that it had to use its own backups
this should significantly escalate the political pressure to finally counter the ransomware ecosystem https://www.bloomberg.com/... Barbara Malmet / @b52malmet : Maybe it was a fou...
Bitcoin crossed $34K to reach an all-time high, after growing almost 50% in December
The Twitter attack may have been perpetrated by Joseph James Connor, a 21-year-old English SIM swapper linked to a group that hijacked @jack's account last year
Twitter was thrown into chaos on Wednesday after accounts for some of the world's most recognizable public figures …
The hack on Twitter provides more ammunition for critics who question Twitter's engineering prowess, poor management practices, and anemic financial performance
Tae Kim / Bloomberg : Tweets: @kantrowitz , @bobonmarkets , and @bopinion Tweets: Alex Kantrowitz / @kantrowitz : I doubt Elliott would be a responsible steward of this platform. ...