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In his testimony, FTX co-founder Gary Wang says Alameda Research had “special privileges” that gave the firm a $65B line of credit, of which it withdrew $8B (Jacquelyn Melinek/TechCrunch) 06-10-2023

Jacquelyn Melinek / TechCrunch: In his testimony, FTX co-founder Gary Wang says Alameda Research had “special privileges” that gave the firm a $65B line of credit, of which it withdrew $8B  —  FTX co-founder and CTO Gary Wang takes the stand  —  The Sam Bankman-Fried trial gained steam after a somewhat sleepier first half of the day. Lees verder op Tech Meme

Source: Linda Yaccarino told the banks that helped fund Elon Musk's X takeover that X is testing three tiers of premium service that vary how many ads are shown (Aisha Counts/Bloomberg) 06-10-2023

Aisha Counts / Bloomberg: Source: Linda Yaccarino told the banks that helped fund Elon Musk’s X takeover that X is testing three tiers of premium service that vary how many ads are shown  —  – CEO Linda Yaccarino discusses plan in briefing to lenders  — X advertisers have been returning, but with smaller budgets Lees verder op Tech Meme

Sources: OpenAI is exploring making its own AI chips and has evaluated a potential acquisition target, as Sam Altman makes acquiring more chips a top priority (Reuters) 06-10-2023

Reuters: Sources: OpenAI is exploring making its own AI chips and has evaluated a potential acquisition target, as Sam Altman makes acquiring more chips a top priority  —  OpenAI, the company behind ChatGPT, is exploring making its own artificial intelligence chips and has gone as far as evaluating … Lees verder op Tech Meme

Sony has notified ~6,800 US individuals, including current and former employees and their family members, about a MOVEit Transfer data breach that affected them (Bill Toulas/BleepingComputer) 06-10-2023

Bill Toulas / BleepingComputer: Sony has notified ~6,800 US individuals, including current and former employees and their family members, about a MOVEit Transfer data breach that affected them  —  Sony Interactive Entertainment (Sony) has notified current and former employees and their family members about a cybersecurity breach that exposed personal information. Lees verder op Tech Meme

Source: Meta is paying several creators millions of dollars over multiple years for nonexclusive use of their likeness in its AI chatbots (Sahil Patel/The Information) 06-10-2023

Sahil Patel / The Information: Source: Meta is paying several creators millions of dollars over multiple years for nonexclusive use of their likeness in its AI chatbots  —  Meta Platforms’ decision to create artificial intelligence characters based on the likeness of some of the most famous people on the planet is paying off handsomely—for the stars themselves. Lees verder op Tech Meme