Saturday, June 3, 2023

The CFPB warns users of payment apps like PayPal, Venmo, Cash App, and Apple Cash that their money could be at risk as FDIC insurance does not cover the apps (Chris Isidore/CNN)

Chris Isidore / CNN:
The CFPB warns users of payment apps like PayPal, Venmo, Cash App, and Apple Cash that their money could be at risk as FDIC insurance does not cover the apps  —  New York CNN —  —  Payment apps like PayPal and Venmo might be convenient, but they're not banks — and a federal financial services watchdog …



A Kenyan court rules that Meta is the primary employer of 184 content moderators suing Meta and contractor Sama for unlawful dismissal, and pauses their layoffs (Annie Njanja/TechCrunch)

Annie Njanja / TechCrunch:
A Kenyan court rules that Meta is the primary employer of 184 content moderators suing Meta and contractor Sama for unlawful dismissal, and pauses their layoffs  —  A Kenyan court has ruled that Meta is the primary employer of content moderators suing the social media giant and its content review partner …



With AR/VR startup funding from October 2022 to March 2023 falling 74% YoY to $800M, per PitchBook, the industry hopes Apple's MR headset could lure back VCs (Patrick McGee/Financial Times)

Patrick McGee / Financial Times:
With AR/VR startup funding from October 2022 to March 2023 falling 74% YoY to $800M, per PitchBook, the industry hopes Apple's MR headset could lure back VCs  —  Frenzy over iPhone maker's longed-for launch of mixed reality headset has reached ‘fever pitch’



Scientists and DNA sequencing startup Illumina identified 4.3M genetic variants in ~800 primates and then used AI to predict genetic health risks in 454K humans (Clive Cookson/Financial Times)

Clive Cookson / Financial Times:
Scientists and DNA sequencing startup Illumina identified 4.3M genetic variants in ~800 primates and then used AI to predict genetic health risks in 454K humans  —  Scientists apply deep learning to expanded DNA database to help identify disease-causing mutations in humans



A look at India's hacking-for-hire industry, which has a tacit alliance with the government and is unusually brazen, with firms publicly touting their services (David D. Kirkpatrick/New Yorker)

David D. Kirkpatrick / New Yorker:
A look at India's hacking-for-hire industry, which has a tacit alliance with the government and is unusually brazen, with firms publicly touting their services  —  The country has developed a lucrative specialty: cyberattacks for hire.  —  In the summer of 2020, Jonas Rey …



Sources: amid the Iran war, Asian bankers say rising power prices and energy security are becoming a bigger consideration in data center financing decisions (Bloomberg)

Bloomberg : Sources: amid the Iran war, Asian bankers say rising power prices and energy security are becoming a bigger consideration in ...