Source: OpenAI recently began renting Google's TPUs to power ChatGPT, marking its first significant use of non-Nvidia chips; Meta also considered using TPUs
OpenAI, one of the world's biggest customers of Nvidia artificial intelligence chips, recently began renting Google's AI chips …
Sources: CoreWeave is aiming for a valuation of over $35B and is likely to target raising more than $3B in its US IPO that is expected to occur in Q2 2025
One of the greatest pivots of all time. [embedded post] X: Craig Stephens / @accessipos : CoreWeave just closed a $650 million tender offer at a $23 billion valuation (October). N...
Meta opens its VR OS, now called Horizon OS, to third parties, and says Asus and Lenovo plan Horizon OS-compatible headsets; Meta plans an Xbox branded Quest
Apple released the Vision Pro on February 2; 12 days later Meta CEO Mark Zuckerberg delivered his verdict: Ben Lang / Road to VR : Oculus Founder Reacts to Horizon OS News: “Hopefu...
Andy Jassy criticizes US and EU regulators over blocking mergers like the iRobot deal, saying they trust Chinese companies with maps of homes more than Amazon
In his annual shareholder letter, Andy Jassy says GenAI “may be the largest technology transformation since the cloud” and Amazon is committed to cost-cutting
how does Amazon remain resilient? While simple in its wording, it's profound because it gets to the heart of our success to date as well as for the future” His response: [image] Ri...
Gemini agrees to return the $1B+ owed to customers and pay a $37M fine in a settlement with the New York Department of Financial Services related to Gemini Earn
The New York Department of Financial Services on Wednesday announced a settlement with Gemini, the crypto firm founded by the Winklevoss twins …
Michael Lewis depicts Sam Bankman-Fried as delusional in his new book, Going Infinite, but says SBF's explanations remain “irritatingly difficult to disprove”
“Going Infinite,” by Michael Lewis, offers a behind-the-scenes account of Mr. Bankman-Fried's rise and fall.
Meta reports Q2 revenue up 11% YoY to $32B, net income up 16% YoY to $7.79B, and family daily active people up 7% YoY to 3.07B for June 2023; META jumps 10%+
but most of the new users came from outside the US and Canada Karissa Bell / Engadget : Meta had its best quarter since 2021 despite losing more money on the metaverse Abubakar Idr...
A look at the similarities and differences between the SEC's lawsuits against Coinbase and Binance, as the SEC views every crypto exchange in the US as illegal
SEC v. Crypto — “A decent rule of thumb,” I wrote in March, “is that all cryptocurrency exchanges are doing crimes …
The SEC sues Coinbase, alleging the exchange operated as an unregistered broker since at least 2019 and broke the rules by offering “staking”; COIN drops 15%+
The Securities and Exchange Commission sued Coinbase Global Inc. in federal court in New York on Tuesday, alleging the crypto firm for years broke its rules.
The US Treasury, Federal Reserve, and the FDIC say all Silicon Valley Bank depositors will be “fully” protected, and their money will be available on March 13
WASHINGTON, DC — The following statement was released by Secretary of the Treasury Janet L. Yellen …
Silvergate Capital plans to wind down operations and voluntarily liquidate Silvergate Bank, including “full repayment of all deposits”; SI drops 40%+ to ~$5
- Silvergate Capital Corporation said it will wind down operations and voluntarily liquidate Silvergate Bank in accordance with applicable regulatory processes.
FTX files a lawsuit against Grayscale, CEO Michael Sonnenshein, DCG, and Barry Silbert, citing $1.3B+ in “exorbitant management fees” and seeking $550M+ shares
- FTX' debtors are suing Grayscale Investment, its owners and its CEO over their handling of the Grayscale Bitcoin …
FTX files a lawsuit against Grayscale, CEO Michael Sonnenshein, DCG, and Barry Silbert, citing $1.3B+ in “exorbitant management fees” and seeking $550M+ shares
- FTX' debtors are suing Grayscale Investment, its owners and its CEO over their handling of the Grayscale Bitcoin …
FTX files a lawsuit against Grayscale, CEO Michael Sonnenshein, DCG, and Barry Silbert, citing $1.3B+ in “exorbitant management fees” and seeking $550M+ shares
- FTX' debtors are suing Grayscale Investment, its owners and its CEO over their handling of the Grayscale Bitcoin …
Sources: the SEC told Paxos the agency plans to sue the crypto firm, alleging the Paxos-issued and listed Binance USD stablecoin is an unregistered security
The agency has been intensifying its enforcement of major crypto players — The Securities and Exchange Commission …
Binance says the NYDFS ordered Paxos to stop issuing more of its BUSD stablecoin, which has 6.2M holders; Paxos will continue redemptions and cut Binance ties
Firm will continue to manage redemptions of the product — New York regulators directed a crypto company to stop issuing …
Independent examiner: Celsius misled investors and sometimes used new customer funds to pay for withdrawals, CEO Alex Mashinsky made false claims, and more
Shoba Pillay was appointed by a New York bankruptcy court to look at whether the crypto lender operated as a Ponzi scheme
Independent examiner: Celsius misled investors and sometimes used new customer funds to pay for withdrawals, CEO Alex Mashinsky made false claims, and more
Shoba Pillay was appointed by a New York bankruptcy court to look at whether the crypto lender operated as a Ponzi scheme
Bulgarian police raided London-based crypto lender Nexo's office in Sofia on January 12, seeking information on suspected money laundering and tax crimes
Bloomberg :