Bloomberg: Sources: Binance’s Richard Teng is the frontrunner to become CEO if Changpeng Zhao steps down, as US regulatory scrutiny makes succession planning more urgent  —  In mid-May, cryptocurrency exchange Binance got some bad news in a far-flung corner of its sprawling universe. Lees verder op Tech Meme

New York Times: Internal document: Twitter’s US ad revenue from April 1 to the start of May dropped 59% YoY to $88M; sources say that performance is unlikely to improve soon  —  In internal forecasts, the company projected that ad sales would keep declining, handing a tough challenge to its new chief executive. Lees verder op Tech Meme

Reuters: Bank records: Binance executive Guangying Chen controlled five Silvergate Bank accounts from 2019 to 2020 belonging to its purportedly independent US affiliate  —  A senior Binance executive was the main operator for five bank accounts belonging to the giant cryptocurrency exchange’s purportedly … Lees verder op Tech Meme

Sahar Elhabashi / Spotify: Spotify plans to cut ~200 jobs, or 2% of its staff, at its podcast unit, combines Parcast and Gimlet into Spotify Studios, and reports 100M+ podcast listeners  —  Below is an adaptation of an internal update on Spotify’s Podcast Business from Sahar Elhabashi, VP, Head of Podcast Business. Lees verder op Tech Meme

Madhumita Murgia / Financial Times: An interview with sci-fi writer Ted Chiang on AI’s limits, how current machines lack consciousness, his 2010 book The Lifecycle of Software Objects, and more  —  The visionary author on the limits of AI, the uses of science fiction — and why there’s a ‘market opportunity for volleyballs’ Lees verder op Tech Meme

Jay Peters / The Verge: Hands-on with Google’s Search Generative Experience: answers are slow to load and often include unnecessary details, error messages for simple queries, and more  —  Why wait for an AI-generated summary when I can just scroll down the page? … The worst thing about Google’s … Lees verder op Tech Meme

Lawrence Abrams / BleepingComputer: Atomic Wallet investigates user reports of compromised accounts and tries to block stolen crypto from being sold; a researcher says the hack could exceed $35M+  —  The developers of Atomic Wallet are investigating reports of large-scale theft of cryptocurrency from users’ wallets, with over $35 million in crypto reportedly stolen. Lees verder op Tech Meme

Bloomberg: Sources: Binance’s Richard Teng is the frontrunner to become CEO if CZ steps aside, as the succession issue becomes more urgent amid US regulatory scrutiny  —  In mid-May, cryptocurrency exchange Binance got some bad news in a far-flung corner of its sprawling universe. Lees verder op Tech Meme

Marietje Schaake / Financial Times: Policymakers should not let tech executives shape the narrative that companies are best placed to regulate AI and should instead rely on independent oversight  —  Policymakers must not let complexity stop them from doing their job  —  The writer is international policy director … Lees verder op Tech Meme