Colin Wilhelm / The Block: FTX sues Sam Bankman-Fried, Gary Wang, and Nishad Singh, claiming the trio knew Alameda was insolvent when acquiring clearing platform Embed for nearly $250M  —  – FTX’s current leadership claims that Bankman-Fried and other executives knew that Alameda Research was insolvent when it finalized … Lees verder op Tech Meme

Temitayo Lawal / Rest of World: A look at eNaira, Nigeria’s 18-month-old government-backed digital currency that hasn’t converted crypto users and has been hindered by limited internet access  —  The government-backed eNaira, meant as a hedge against inflation, hasn’t converted crypto users and has been hindered by limited internet access. Lees verder op Tech Meme

Diana Li / Bloomberg: Grammarly announces Grammarly Business, which uses generative AI to summarize key points in email threads, compose replies, and more, rolling out in June 2023  —  Grammarly Inc., a software company known for its writing assistant, is trying to expand its business to the office by harnessing artificial intelligence. Lees verder op Tech Meme

Jane Zhang / Bloomberg: Alibaba reports Q4 revenue up 2% YoY to ~$30.3B, a ~$3.2B net income, up from a ~$2.9B net loss in Q4 2022, and plans to spin off its cloud unit and IPO others  —  Alibaba Group Holding Ltd. will begin exploring initial public offerings for its logistics and grocery arms … Lees verder op Tech Meme

New York Times: Meta’s unusual move to open source LLaMA stands out from its rivals’ approach, driven by the belief that sharing its work will help spread its influence in AI  —  The tech giant has publicly released its latest A.I. technology so people can build their own chatbots.  Rivals like Google say that approach can be dangerous. Lees verder op Tech Meme

Frederic Lardinois / TechCrunch: Google plans to migrate 1% of Chrome users to Privacy Sandbox and disable third-party cookies for them in Q1 2024 and deprecate third-party cookies in H2 2024  —  Google’s Privacy Sandbox aims to replace third-party cookies with a more privacy-conscious approach, allowing users to manage … Lees verder op Tech Meme