Seeking to emulate BlackRock's Aladdin portfolio management system, State Street, Pimco, Amundi, and others are creating their own digital investment platforms — Companies including State Street and Pimco compete to capture slice of outsourced IT services
An interview with Max Levchin on Affirm, the US CFPB's inquiry into BNPL services, problems with credit cards, the current economic environment, and more — The PayPal cofounder on why his “buy now, pay later” company Affirm is a healthier way to borrow, what caused the techlash, and Elon Musk's Twitter.
In an interview, SBF admits involvement in Alameda's largest uses of funds: spending $3B to buy out Binance's stake in FTX and pouring $4B into venture capital — Exchange's former CEO says he was close to key decisions at nominally separate trading firm — Speaking from his bed in Nassau …
Kuo: mass shipments of Apple's AR/VR headset may be delayed until H2 2023, from previously estimated Q2 2023, due to “software-related issues” — Mass shipments of Apple's long-rumored AR/VR headset may be delayed until the second half of 2023 due to unspecified “software-related issues …
Autonomous trucking software company Embark lost ~98% of its market value, or ~$5B, since going public a year ago via a SPAC merger, amid a sector-wide downturn — Out of all the beaten-down public companies in the autonomous driving space, Embark Technology stands out as a conspicuously terrible stock market performer.
A look at virtual currencies like Roblox's Robux, which have become many kids' preferred way to be paid for chores or receive as an allowance — Virtual currencies have become many families' preferred way to pay allowance. And Roblox's currency is king. — Like many parents …
Tim Cook was able to placate Elon Musk within two days, but the chaos at Foxconn's “iPhone City” may become the greatest test of Cook's diplomatic skills yet — Apple chief placates Elon Musk but faces bigger questions over iPhone supply chain — Tim Cook was already battling …
Elon Musk thinks the “Twitter Files” show that Twitter staff nefariously helped Joe Biden, but all they show is a team debating a difficult moderation decision — Free-speech crusader Elon Musk isn't happy with Twitter's years-old decision to suppress a news story …
Twitter reinstated the account of Andrew Anglin, the neo-Nazi who founded the white supremacist website The Daily Stormer, after originally banning him in 2013 — Andrew Anglin spent his first day back on Twitter defending Ye's antisemitic rants. — Andrew Anglin ― …
Sources: Winklevoss twins' Gemini crypto exchange is trying to recover $900M owed to it by Genesis Global and Genesis' parent company Digital Currency Group — New York-based Gemini is trying to recover funds after FTX failure plunged market into turmoil — Digital asset trading group Genesis …
Elections in India's Gujarat have become a WhatsApp spam war, as the main political parties push content across thousands of groups to influence voters — 10,000 volunteers, 50,000 WhatsApp groups, and the intense fight to “control people's feed” in Gujarat. — • AHMEDABAD, GUJARAT, INDIA
The trial of three Wirecard executives has begun, seeking to understand how the €24B startup imploded in June 2020, one of the largest frauds in German history — A panel of Munich judges will from Thursday begin dissecting one of the biggest frauds in German history
A look at some implications for generative AI: “answer engines” replacing search engines, AI mastering cognitive tasks by surveilling how experts work, and more — This is Work in Progress, a newsletter by Derek Thompson about work, technology, and how to solve some of America's biggest problems.
New York Times : Electricians are flocking to regions around the US to build data centers, as AI shapes up to be an economy-bending force...
