Sujeet Indap / Financial Times: Used car marketplace Carvana, whose stock fell from $360 to $4, has now rallied to $86, avoiding a financial abyss after restructuring its $9B debt in 2023  —  Online used-car dealer’s cost cuts pay off even as sales volumes lag pandemic frenzy  —  Ernie Garcia insisted for years Carvana … Lees verder op Tech Meme

Daniel Thomas / Financial Times: Sources: the BBC plans to build its own AI models, and is holding talks with tech companies, including Amazon, about selling its content for AI training  —  UK broadcaster seeks to build artificial intelligence models and negotiates with companies on content deal Lees verder op Tech Meme

Sidhartha Shukla / Bloomberg: In a letter to Judge Kaplan, FTX CEO John Ray says SBF’s claims of “zero” harm to users are “demonstrably false” and FTX had only 105 bitcoin when Ray took over  —  – Ray called the claims ‘callously’ and ‘demonstrably’ false  — SBF had claimed customers on the exchange suffered no harm Lees verder op Tech Meme

Kevin Roose / New York Times: Reddit, one of the last online places where real people gather to talk, is a content moderation success story, after evolving from a dark corner of the internet  —  The site’s journey from toxic cesspool to trusted news source illustrates the business value of keeping bad actors at bay. Lees verder op Tech Meme

Abner Li / 9to5Google: Qualcomm announces the Snapdragon 7+ Gen 3, a 4nm chip aimed at high-end smartphones that adds on-device generative AI and Wi-Fi 7; OnePlus is the first partner  —  Qualcomm is following its announcement at the start of this week with another chip: the Snapdragon 7+ Gen 3. Lees verder op Tech Meme