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Showing posts from November, 2022

Amazon's AWS unit expects to add employees in 2023 and will continue building data centers, despite the company's hiring freeze and cuts in other divisions (Matt Day/Bloomberg)

Matt Day / Bloomberg: Amazon's AWS unit expects to add employees in 2023 and will continue building data centers, despite the company's hiring freeze and cuts in other divisions  —  Amazon.com Inc.'s cloud unit plans to add employees next year and keep building new data centers, a sign that a hiring freeze elsewhere … https://bit.ly/3Uddk3a

Analysis: high-profile Republican members of Congress saw an uptick in Twitter followers in the first few weeks of Musk's reign, while Democrats lost followers (Washington Post)

Washington Post: Analysis: high-profile Republican members of Congress saw an uptick in Twitter followers in the first few weeks of Musk's reign, while Democrats lost followers  —  Shift in follower counts for Elizabeth Warren, Ted Cruz show how the platform is beginning to change under Musk https://bit.ly/3ioB9bf

A look at OpenAI's Minecraft bot, which has learned to complete complex tasks in Minecraft after being trained on 70K hours of video of people playing the game (Will Douglas Heaven/MIT Technology Review)

Will Douglas Heaven / MIT Technology Review: A look at OpenAI's Minecraft bot, which has learned to complete complex tasks in Minecraft after being trained on 70K hours of video of people playing the game  —  Online videos are a vast and untapped source of training data—and OpenAI says it has a new way to use it. https://bit.ly/3OIHp9I

Shanghai-based eRoad, which offers a cloud-based HR management service with a focus on payroll, raised a ~$140M Series D, after raising an ~$84M Series C (Eudora Wang/DealStreetAsia)

Eudora Wang / DealStreetAsia: Shanghai-based eRoad, which offers a cloud-based HR management service with a focus on payroll, raised a ~$140M Series D, after raising an ~$84M Series C  —  Chinese human resource technology firm eRoad on Tuesday announced the completion of its Series D funding round at 1 billion yuan … https://bit.ly/3Ue6BGn

Analysis: AI startup funding has been around 9%-10% of global VC investment in recent years, led by robotics, autonomous vehicles, and enterprise software (Gené Teare/Crunchbase News)

Gené Teare / Crunchbase News: Analysis: AI startup funding has been around 9%-10% of global VC investment in recent years, led by robotics, autonomous vehicles, and enterprise software  —  Editor's note: In this four-part series, we explore the impact of artificial intelligence startups on multiple sectors. https://bit.ly/3V9HhCE

The UK government says its Online Safety Bill will return to the parliament in December and will be expanded to criminalize nonconsensual "deepfake" pornography (Alex Hern/The Guardian)

Alex Hern / The Guardian: The UK government says its Online Safety Bill will return to the parliament in December and will be expanded to criminalize nonconsensual “deepfake” pornography  —  Nonconsensual explicit images to be tackled in bill returning to parliament next month https://bit.ly/3ExjQvG

Jumia undergoes major restructuring after ousting its co-CEOs, including closing its Prime subscription program and its Logistics service in seven countries (Aanu Adeoye/Financial Times)

Aanu Adeoye / Financial Times: Jumia undergoes major restructuring after ousting its co-CEOs, including closing its Prime subscription program and its Logistics service in seven countries  —  Acting chief hunts for profits after continent's first ever tech unicorn plunges 70% in value since New York listing https://bit.ly/3U3N4rN

A San Francisco Police Department draft policy allowing police to apply lethal force using robots faces criticism from advocates opposing police militarization (Will Jarrett/Mission Local)

Will Jarrett / Mission Local: A San Francisco Police Department draft policy allowing police to apply lethal force using robots faces criticism from advocates opposing police militarization  —  “This is not normal.  No legal professional or ordinary resident should carry on as if it is normal.” https://bit.ly/3EXXu85

SBF says FTX had ~$60B in collateral in spring 2022, but a credit squeeze, market selloff, and "run on the bank" reduced it to $9B ahead of the bankruptcy (Nikhilesh De/CoinDesk)

Nikhilesh De / CoinDesk: SBF says FTX had ~$60B in collateral in spring 2022, but a credit squeeze, market selloff, and “run on the bank” reduced it to $9B ahead of the bankruptcy  —  The former FTX CEO did not address concerns about customer funds being misappropriated or other recent revelations about the company. https://bit.ly/3AFKu4F

Sources: Genesis is struggling to raise funding for its lending unit and warns potential investors that it may need to file for bankruptcy if its efforts fail (Bloomberg)

Bloomberg: Sources: Genesis is struggling to raise funding for its lending unit and warns potential investors that it may need to file for bankruptcy if its efforts fail  —  Digital-asset brokerage Genesis is struggling to raise fresh cash for its lending unit, and it's warning potential investors … https://bit.ly/3UY3d3s

A look at the growth of esports tournaments in India, which are attracting prime-time TV audiences with both players and viewers mostly using mobile phones (Alex Gabriel Simon/Bloomberg)

Alex Gabriel Simon / Bloomberg: A look at the growth of esports tournaments in India, which are attracting prime-time TV audiences with both players and viewers mostly using mobile phones  —  Next to a primary school and a shabby playground in India's financial capital Mumbai stands a plush four-story building that's home to the world's newest breed of athlete. https://bit.ly/3GtuK8x

FTX says it has fired CTO Gary Wang, engineering director Nishad Singh, and Alameda Research CEO Caroline Ellison (Wall Street Journal)

Wall Street Journal: FTX says it has fired CTO Gary Wang, engineering director Nishad Singh, and Alameda Research CEO Caroline Ellison  —  The three executives and Mr. Bankman-Fried are said to have known FTX was using customer funds to plug a funding gap  —  FTX, the cryptocurrency exchange launched by Sam Bankman-Fried … https://bit.ly/3tIN0TJ

Internal emails: Google sets rules for hosting HQ guest speakers, like making a business case and considering company goals, after row over an Indian historian (Paresh Dave/Reuters)

Paresh Dave / Reuters: Internal emails: Google sets rules for hosting HQ guest speakers, like making a business case and considering company goals, after row over an Indian historian  —  Alphabet Inc's (GOOGL.O) Google this week introduced rules for inviting guest speakers to its offices, days after it canceled … https://bit.ly/3tIls0N

A New York judge issues a default ruling against two Russians Google accused of running a botnet infecting 1M+ devices, ordering them to pay Google's legal fees (Jude Karabus/The Register)

Jude Karabus / The Register: A New York judge issues a default ruling against two Russians Google accused of running a botnet infecting 1M+ devices, ordering them to pay Google's legal fees  —  Judge tells tale of two men, their lawyer, and a ‘willful campaign... to mislead the court’  —  A New York judge has issued … https://bit.ly/3Oi1OlL

Sources: Elon Musk softens his remote work stance and tries to convince colleagues to stay, as more than anticipated opt to leave ahead of his 5pm ET deadline (Bloomberg)

Bloomberg: Sources: Elon Musk softens his remote work stance and tries to convince colleagues to stay, as more than anticipated opt to leave ahead of his 5pm ET deadline  —  Elon Musk gave Twitter Inc. employees an ultimatum to either commit to the company's new “hardcore” work environment or leave. https://bit.ly/3TNAIUA

Analysis: Masayoshi Son personally owes SoftBank close to $5B due to its growing losses; his stake in the Vision Fund 2 is worthless, down from $2.8B in 2021 (Financial Times)

Financial Times: Analysis: Masayoshi Son personally owes SoftBank close to $5B due to its growing losses; his stake in the Vision Fund 2 is worthless, down from $2.8B in 2021  —  Market crash also wipes out value of Japanese founder's stake in second Vision Fund  —  Masayoshi Son personally owes SoftBank close … https://bit.ly/3V2axdO

A chat via DM with SBF on why regulators "make everything worse", FTX and Alameda's "messy accounting", why he regrets filing for bankruptcy, ethics, and more (Kelsey Piper/Vox)

Kelsey Piper / Vox: A chat via DM with SBF on why regulators “make everything worse”, FTX and Alameda's “messy accounting”, why he regrets filing for bankruptcy, ethics, and more  —  The fallen crypto CEO on what went wrong, why he did what he did, and what lies he told along the way. https://bit.ly/3hLetS2

Elon Musk says the new Twitter Blue will relaunch on November 29 "to make sure that it is rock solid", after pausing signups due to many fake verified accounts (Jay Peters/The Verge)

Jay Peters / The Verge: Elon Musk says the new Twitter Blue will relaunch on November 29 “to make sure that it is rock solid”, after pausing signups due to many fake verified accounts  —  Elon Musk says the new Twitter Blue, which lets you pay $7.99 per month for a blue verification check mark next to your name, will relaunch on November 29th. https://bit.ly/3UIqhTN

Doc: GroupM warns its clients Twitter is a "high risk" media buy due to senior management resignations, Blue check abuse, and possible consent decree violations (Seb Joseph/Digiday)

Seb Joseph / Digiday: Doc: GroupM warns its clients Twitter is a “high risk” media buy due to senior management resignations, Blue check abuse, and possible consent decree violations  —  The public boycott of advertising on Twitter is starting to look a lot like a long goodbye. https://bit.ly/3g7iLTo

A profile of Changpeng Zhao, as sources describe a divisive entrepreneur on a relentless drive to grow at all costs, including by ignoring regulatory compliance (Financial Times)

Financial Times: A profile of Changpeng Zhao, as sources describe a divisive entrepreneur on a relentless drive to grow at all costs, including by ignoring regulatory compliance  —  The Binance founder's actions left Sam Bankman-Fried's FTX filing for bankruptcy  —  On Tuesday afternoon Changpeng Zhao … https://bit.ly/3hG4y07

Cambodia's online gambling and scam industries keep recruiting "cyber slave" workers via trafficking and misleading ads despite police raids and global pressure (Rest of World)

Rest of World: Cambodia's online gambling and scam industries keep recruiting “cyber slave” workers via trafficking and misleading ads despite police raids and global pressure  —  Casual trafficking, calls to parents, misleading ads: even with global pressure, recruitment is rife.  —  • BAVET, CAMBODIA https://bit.ly/3Eq977w

Memo: Omnicom, one of the world's biggest ad firms, recommends its clients like Apple, PepsiCo, and others "pause activity on Twitter", citing brand safety risk (Mia Sato/The Verge)

Mia Sato / The Verge: Memo: Omnicom, one of the world's biggest ad firms, recommends its clients like Apple, PepsiCo, and others “pause activity on Twitter”, citing brand safety risk  —  Omnicom, one of the world's biggest ad firms, representing brands like McDonald's, Apple, and Pepsico … https://bit.ly/3UUNS3n

Twitter's head of Trust & Safety Yoel Roth resigned on November 10; sources: head of ad sales Robin Wheeler also resigned, but Elon Musk convinced her to stay (Bloomberg)

Bloomberg: Twitter's head of Trust & Safety Yoel Roth resigned on November 10; sources: head of ad sales Robin Wheeler also resigned, but Elon Musk convinced her to stay  —  Elon Musk, in his first address to Twitter Inc. employees since purchasing the company for $44 billion … https://bit.ly/3UQkPxU

Source: Sam Bankman-Fried told investors that FTX needs a cash injection or the company would need to file for bankruptcy due to a shortfall of up to $8B (Gillian Tan/Bloomberg)

Gillian Tan / Bloomberg: Source: Sam Bankman-Fried told investors that FTX needs a cash injection or the company would need to file for bankruptcy due to a shortfall of up to $8B  —  Sam Bankman-Fried told FTX.com investors on Wednesday that without a cash injection the company would need to file for bankruptcy … https://bit.ly/3WHP1wG

Australia's top health insurer Medibank confirms a ransomware group began posting stolen data of its 9.7M current and former customers on a REvil dark web forum (Sydney Morning Herald)

Sydney Morning Herald: Australia's top health insurer Medibank confirms a ransomware group began posting stolen data of its 9.7M current and former customers on a REvil dark web forum  —  Normal text sizeLarger text sizeVery large text size  —  A ransomware group has begun posting customer data stolen … https://bit.ly/3DVcZfd

End-to-end encrypted messaging app Signal launches its Stories feature out of beta on Android and iOS; users' Stories will automatically expire after 24 hours (Aisha Malik/TechCrunch)

Aisha Malik / TechCrunch: End-to-end encrypted messaging app Signal launches its Stories feature out of beta on Android and iOS; users' Stories will automatically expire after 24 hours  —  End-to-end encrypted messaging app Signal is rolling out a new Stories feature to all users on Android and iOS, the company announced on Monday. https://bit.ly/3NOCaEP

An investigation details India's "hack-for-hire" industry that helps global corporate intelligence clients target businesses, journalists, and politicians (The Bureau of Investigative Journalism)

The Bureau of Investigative Journalism: An investigation details India's “hack-for-hire” industry that helps global corporate intelligence clients target businesses, journalists, and politicians  —  In a quiet alcove of the opulent Leela Palace hotel in Delhi, two British corporate investigators were listening intently … https://bit.ly/3zSeQQV

A Twitter product lead says the new Blue subscription isn't live yet, but some users may see updates "because we are testing and pushing changes in real-time" (Kyle Wiggers/TechCrunch)

Kyle Wiggers / TechCrunch: A Twitter product lead says the new Blue subscription isn't live yet, but some users may see updates “because we are testing and pushing changes in real-time”  —  Just days after newly minted Twitter CEO Elon Musk floated changes to Twitter's system for verifying user accounts … https://bit.ly/3FKvxS8

The US DOJ charges two former MoviePass executives in a securities fraud case for allegedly trying to artificially inflate parent company HMNY's stock price (Jason Guerrasio/Insider)

Jason Guerrasio / Insider: The US DOJ charges two former MoviePass executives in a securities fraud case for allegedly trying to artificially inflate parent company HMNY's stock price  —  - Lowe and Farnsworth have been charged in a securities fraud case by the Department of Justice. https://bit.ly/3fBVfO0

General Mills and Audi paused Twitter ads, and sources say Pfizer and Mondelez have as well, as concern over content moderation grows (Wall Street Journal)

Wall Street Journal: General Mills and Audi paused Twitter ads, and sources say Pfizer and Mondelez have as well, as concern over content moderation grows  —  Advertisers are concerned about a flurry of executive departures at Twitter and new owner Elon Musk's plans for content moderation https://bit.ly/3fA5Ysk

Sources: Twitter aims to charge for verification as soon as November 7, give current verified users a multi-month grace period, and make the edit button free (Bloomberg)

Bloomberg: Sources: Twitter aims to charge for verification as soon as November 7, give current verified users a multi-month grace period, and make the edit button free  —  Twitter Inc. aims to start selling blue verification badges for user profiles as soon as next week, part of a plan by new owner Elon Musk … https://bit.ly/3haBzBr

Twitch launches Guest Star, which lets streamers pull other creators and fans into their streams for a talk show-like experience, out of beta for all users (Taylor Hatmaker/TechCrunch)

Taylor Hatmaker / TechCrunch: Twitch launches Guest Star, which lets streamers pull other creators and fans into their streams for a talk show-like experience, out of beta for all users  —  With its biggest product launch in years, Twitch is betting on a near-future of the platform that features more dynamic conversations … https://bit.ly/3FBhAG1

Sources: the US is exploring whether it has legal authority to review Elon Musk's Twitter deal, which gives large foreign investors access to confidential data (Washington Post)

Washington Post: Sources: the US is exploring whether it has legal authority to review Elon Musk's Twitter deal, which gives large foreign investors access to confidential data  —  Terms of the deal give large foreign investors access to confidential information about the social media platform https://bit.ly/3TYS0ix

Sources: Apple VP of Online Retail Anna Matthiasson is leaving the company, to be replaced by Karen Rasmussen; CIO Mary Demby is retiring after three decades (Mark Gurman/Bloomberg)

Mark Gurman / Bloomberg: Sources: Apple VP of Online Retail Anna Matthiasson is leaving the company, to be replaced by Karen Rasmussen; CIO Mary Demby is retiring after three decades  —  Apple Inc.'s top executives in charge of its online retail store and information-systems divisions are stepping down … https://bit.ly/3frQUg7