A profile of Chase Herro, who calls himself the “dirtbag of the internet” and sources say is the dealmaker behind Trump's crypto project World Liberty Financial — 'If you do this right, who f—ing cares if it goes to zero,' Chase Herro once said of crypto.
An overview of California's AI safety bill SB 1047, which easily passed the state's legislature, as it awaits Governor Newsom's signature or veto before Sep. 30 — California's Gavin Newsom has until September 30 to decide whether to sign legislation that will reach far beyond the state
The White House plans to curb the “overuse and abuse” of the de minimis loophole used by Shein and Temu, which exempts packages worth $800 or less from tariffs — The Biden administration announced new steps on Friday to curtail what it calls the “overuse and abuse” …
Sources: Microsoft has pitched its AI to ExxonMobil, Chevron, and others to find and develop oil and gas reserves while publicly committing to reduce emissions — Microsoft executives have been thinking lately about the end of the world. In a white paper published late last year, Brad Smith …
Apple to allow iPad users in the EU to install alternative app stores, starting with iPadOS 18 launch on September 16 — It was a matter of time, but Apple is going to allow third-party app stores on the iPad starting next week, on September 16. This change will occur with the next major release …
Analysis: VC investments in AI startups have reached $64.1B, ~30% of total VC dollars invested, so far in 2024 amid questions about whether it will pay off — Tech giants and investors are shoveling cash into artificial intelligence amid questions about whether it will pay off
Memo: Microsoft is laying off 650 staff from its gaming business, bringing the cuts in its gaming business to 2,550 jobs since acquiring Activision Blizzard — No games canceled or studios closed this time. — Microsoft is laying off a further 650 staff from its gaming business …
A look at the tough options before Intel's board, including scaling back factory projects, selling off subsidiaries, or splitting Intel's core operations — CEO Pat Gelsinger's plan to spend the chipmaker back to relevance nears the end of its runway. — A slow-motion disaster …
Chainalysis: payments in Singapore using stablecoins reached a record high of almost $1B in Q2, led by transactions at merchant outlets — - Digital-asset consultancy Chainalysis releases a crypto study — Stablecoin usage remains a small fraction of overall payments
Mistral releases its first multimodal model, Pixtral 12B, available on GitHub and Hugging Face, and via API “soon” — French AI startup Mistral has released its first model that can process images as well as text. — Called Pixtral 12B, the 12-billion-parameter model is roughly 24GB in size.
Riot Platforms plans the world's largest bitcoin mine in Corsicana, a former Texas oil boom town, using a liquid immersion system, despite residents' protests — A cash-strapped city in rural Texas will soon be home to the world's largest bitcoin mine. Local protesters are “raising hell.”
A surge in scams poses a serious image problem for Revolut, which faces more complaints than its large UK rivals about authorized push payment scams — The $45 billion challenger bank says it's committed to tackling online fraud as it seeks ‘exponential’ growth.
Smartcat, which provides AI-powered translation tools for businesses, raised a $43M Series C led by Left Lane Capital, bringing its total funding to $70M — Can AI ever fully replace translators? Not likely. AI translations tend to lack the lexical richness of their human-translated counterparts …
South Korean police arrest two former Samsung officials on suspicion of stealing tech worth $3.2B+ to build a chipmaking plant in China — - Police accuse two former execs of stealing trade secrets — They allegedly set up a JV with local government officials
Oracle shares are up 34% since January, well outpacing the Nasdaq's 14% rise, as it becomes an attractive cloud-computing provider for AI developers — Long-stagnant stock is up 34% thanks to its neutral status in the booming market for AI computing power — Oracle missed the tech industry's move …
Sherry Qin / Wall Street Journal : Chinese video game giant NetEase reports Q4 revenue up 3% YoY to ~$4B and net profit down 29% to ~$903...
