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
Manu Jain, who led Xiaomi's India business for seven years, leaves, joining a long list of key departures; sources say he pitched investors on EV startup ideas — Manu Jain, the executive who helped Xiaomi set up and scale business in India, has left the company, he said Monday …
The memory-chip sector, known for boom-and-bust cycles, is facing one if its worst-ever routs, as inventory glut and a fight for marketshare has cratered prices — This time was supposed to be different. — The memory-chip sector, famous for its boom-and-bust cycles, had changed its ways.
Source: Baidu is planning to launch an AI chatbot similar to OpenAI's ChatGPT in March 2023, initially embedded into its main search services — Baidu Inc. is planning to roll out an artificial intelligence chatbot service similar to OpenAI's ChatGPT, according to a person familiar with the matter …
Analysis: US Black Web3 founders raised $60M in 2022, up from $16M in 2021; total money raised by US Web3 startups in 2022 fell to $11.9B from $16.5B in 2021 — Startups in the space are more bullish than ever — Much hope remains after the crypto winter almost froze the sector …
Court records since 2011 show how police in some US states used digital data, like text messages, search history, and emails, in abortion-related prosecutions — In late April, police in Nebraska received a tip saying 17-year-old Celeste Burgess had given birth to a stillborn baby and buried the body.
Analysis: Florida startups raised $9.7B in 601 deals in 2022 vs. $7.8B in 652 deals in 2021; VC funding fell 40%+ in 2022 in California, Massachusetts, and NY — Last year could not top the banner year venture capital saw in 2021 — at least in most geographies.
Researchers detail how ProGen, an LLM trained on 280M proteins, designed proteins with anti-microbial properties that were tested in real life and shown to work — An AI was tasked with creating proteins with anti-microbial properties. Researchers then created a subset of the proteins and found some did the job
Meme-stock mania companies, including GameStop and AMC Entertainment, have raised $4.7B since the hype began in January 2021, but failed to boost performance — Cash bonanza enabled by retail investors fails to boost beneficiaries' performance — Companies at the centre of the meme-stock mania …
Q&A with Princeton CS professor Arvind Narayanan on why he calls ChatGPT a “bullshit generator”, his worries over its boom, developing his AI taxonomy, and more — Hello, friends, — If you have been reading all the hype about the latest artificial intelligence chatbot …
As the GOP assumes leadership of the US House, antitrust subcommittee's bipartisan efforts to curb the power of big tech shift to a focus on free-speech issues — The new GOP House majority is turning away from last year's bipartisan efforts to rein in the dominance of the largest tech companies …
Q&A with Microsoft Gaming CEO Phil Spencer, on having no major Xbox releases in 2022, its outlook for 2023, layoffs, Activision deal amid FTC lawsuit, and more — Xbox's CEO talks about the recent Developer Direct, 2022 struggles, layoffs, and what 2023 could hold.
Financial Times : Russian cryptocurrency payment network A7 expands to Africa, as Moscow builds an alternative payments system amid weste...
