Matt Levine / Bloomberg: The Ripple ruling implies securities laws protect only sophisticated investors, the opposite of the US stock market’s rule, and seems likely to work out poorly — Crypto tokens are securities unless you are anonymously dumping them on retail investors. Lees verder op Tech Meme
Matt Wales / Eurogamer.net: Larry “Major Nelson” Hryb, Xbox’s senior director of corporate communications, is leaving Microsoft after 22 years to “work on the next chapter of my career” — To “work on the next chapter of my career.” — Larry “Major Nelson” Hryb, long one of the most recognisable presences … Lees verder op Tech Meme
New York Times: Hands-on with Ernie 3.5, which Baidu claims is “slightly inferior” to GPT-4 in a comprehensive test but performs better when both were spoken to in Chinese — We spoke in Chinese to Baidu’s Ernie and the American standard-bearer, ChatGPT. This is what we found. Lees verder op Tech Meme
Semafor: Sources: Elon Musk claimed his new startup xAI was worth $20B while he was trying to recruit top AI talent, including by offering equity in xAI — Elon Musk sought to recruit top AI talent to his new artificial intelligence company with equity in the venture he claimed was already worth tens … Lees verder op Tech Meme
Bloomberg: Sources: Dutch export control rules would bar ASML from maintaining, repairing, and providing spare parts for controlled equipment without government approval — – ASML will be limited in repairing restricted machines in China — China’s production capabilities and capacity to be affected Lees verder op Tech Meme
Tim Copeland / The Block: Crypto bridging protocol Multichain ceases operations after confirming Chinese police detained its CEO, Zhaojun, and his sister, who held ~$220M of user assets — – Multichain confirmed its CEO has been detained in China. — It said the CEO’s sister moved $220 million of funds … Lees verder op Tech Meme
Reuters: Twitter sues four unnamed entities in Texas for “unlawfully scraping data” and seeks $1M+ in relief; Elon Musk: “that is why we had to put rate limits in place” — Twitter has filed a lawsuit against four unnamed entities in Texas for data scraping last week … Lees verder op Tech Meme
Semafor: Sources: Elon Musk claimed xAI was worth $20B, as he was trying to recruit top AI talent and offering equity in his new startup — Elon Musk sought to recruit top AI talent to his new artificial intelligence company with equity in the venture he claimed was already worth tens of billions of dollars … Lees verder op Tech Meme
Hayden Field / CNBC: Sensor Tower: from July 8 to July 11 and 12, Threads DAUs fell ~20% and time spent fell 50% to 10 minutes; Similarweb: Android DAUs fell 25%+ from July 7 to 10 — – Facebook’s Twitter-killer, Threads, has seen drops in daily active users and time spent on app since the weekend, according to SensorTower and SimilarWeb. Lees verder op Tech Meme
Ivan Mehta / TechCrunch: Meta confirms taking “additional steps” to prevent EU-based users from accessing Instagram’s Threads; users report no longer being able to use Threads via a VPN — After multiple EU-based users complained about not being able to access Instagram’s Threads app through VPN, Meta confirmed that it is blocking such efforts. Lees verder op Tech Meme