Posts by blatcho:

Coinbase plans to lay off a further ~950 employees, or ~20% of its workforce, seeking to reduce its operating expense by 25% QoQ; Coinbase laid off 18% in June (Kate Rooney/CNBC)

Kate Rooney / CNBC: Coinbase plans to lay off a further ~950 employees, or ~20% of its workforce, seeking to reduce its operating expense by 25% QoQ; Coinbase laid off 18% in June  —  – Coinbase is cutting a fifth of its workforce following an 18% staff reduction in June.  — CEO Brian Armstrong pointed […]

VaynerMedia: in 2022, buying 1K video ad impressions on TikTok cost around 50% less than Instagram’s Reels, ~33% less than Twitter, and 62% less than Snapchat (Financial Times)

Financial Times: VaynerMedia: in 2022, buying 1K video ad impressions on TikTok cost around 50% less than Instagram’s Reels, ~33% less than Twitter, and 62% less than Snapchat  —  Advertisers and brands say an increasing amount of digital ads spend is moving away from Meta, YouTube and Twitter

Coin ATM Rader: there are now 38,641 bitcoin ATMs globally, up from 14,051 at the start of 2021 but flat from around July 2022 when bitcoin’s price collapsed (Tim Copeland/The Block)

Tim Copeland / The Block: Coin ATM Rader: there are now 38,641 bitcoin ATMs globally, up from 14,051 at the start of 2021 but flat from around July 2022 when bitcoin’s price collapsed  —  – The number of Bitcoin ATMs globally has largely remained flat over the last six months.  — While that’s mostly due […]

A new way to assess radiation damage in reactors

A new method could greatly reduce the time and expense needed for certain important safety checks in nuclear power reactors. The approach could save money and increase total power output in the short run, and it might increase plants’ safe operating lifetimes in the long run. One of the most effective ways to control greenhouse […]

Sources: e-commerce spending on ByteDance’s Douyin in China reached $208B in 2022, up 76% YoY; shoppers in Southeast Asia spent $4.4B on TikTok in 2022 (Juro Osawa/The Information)

Juro Osawa / The Information: Sources: e-commerce spending on ByteDance’s Douyin in China reached $208B in 2022, up 76% YoY; shoppers in Southeast Asia spent $4.4B on TikTok in 2022  —  TikTok’s Chinese parent company, ByteDance, is making inroads in e-commerce.  Consumers in China last year spent 1.41 trillion yuan …

Meta plans to stop new software updates and some social features for the original Quest but will fix critical bugs until 2024; the headset launched in 2019 (Mitchell Clark/The Verge)

Mitchell Clark / The Verge: Meta plans to stop new software updates and some social features for the original Quest but will fix critical bugs until 2024; the headset launched in 2019  —  Meta is planning to stop supporting the original Quest VR headset with new software updates, and soon anyone using the older hardware […]

Dallas-based Worlds, whose “digital twins” of industrial companies’ floor operations help boost productivity, raised a $21.2M Series A1 led by Moneta Ventures (VentureBeat)

VentureBeat: Dallas-based Worlds, whose “digital twins” of industrial companies’ floor operations help boost productivity, raised a $21.2M Series A1 led by Moneta Ventures  —  Worlds Enterprises, a company that builds digital twins of floor operations for industrial companies to let them become …

Brandon Ogbunu is a radical collaborator

Learning has always come naturally to Brandon Ogbunu. When he was a child growing up in Manhattan, his mother, a teacher, instilled in him an appreciation for school, the sciences, and curiosity. At work, she taught mathematics, social studies, and special education. At home, she taught her son to embrace art, literature, and sports in […]

SteamDB: Valve’s Steam platform crossed 10M concurrent in-game players for the first time on January 7 and recently exceeded 33M concurrent online users (Jess Weatherbed/The Verge)

Jess Weatherbed / The Verge: SteamDB: Valve’s Steam platform crossed 10M concurrent in-game players for the first time on January 7 and recently exceeded 33M concurrent online users  —  Valve’s game distribution platform Steam had a record-breaking weekend, exceeding 10 million concurrent in-game players for the first time …

London-based insurance broker Superscript, which offers a “self-serve” platform for SMEs, sole traders, and others, raised a £45M Series B led by BHL UK (Paul Sawers/TechCrunch)

Paul Sawers / TechCrunch: London-based insurance broker Superscript, which offers a “self-serve” platform for SMEs, sole traders, and others, raised a £45M Series B led by BHL UK  —  Superscript, an insurance broker and tech platform targeting SMEs and “high-growth” tech firms, has raised £45 million …

Sources: UK PM Rishi Sunak met Arm CEO Rene Haas and Masayoshi Son to revive efforts to secure a London listing for Cambridge-based Arm’s IPO alongside New York (Financial Times)

Financial Times: Sources: UK PM Rishi Sunak met Arm CEO Rene Haas and Masayoshi Son to revive efforts to secure a London listing for Cambridge-based Arm’s IPO alongside New York  —  Officials and London Stock Exchange face uphill battle to secure UK role for chip designer’s IPO

Living the history of Cairo

A bit of turbulence in the job market can affect people in different ways. Consider the Egyptian scholar Taqiyy al-Din Ahmad ibn ‘Ali al-Maqrizi (1364-1442). In the early 1400s, after about a quarter-century of frustration in seeking short-lived administrative jobs and wealthy patrons in Cairo, al-Maqrizi became fed up for good. He retreated to his […]

Meta says it is weeks away from announcing its decision on reinstating Trump, who continues to harass 2020 election workers by name, as recently as last week (Naomi Nix/Washington Post)

Naomi Nix / Washington Post: Meta says it is weeks away from announcing its decision on reinstating Trump, who continues to harass 2020 election workers by name, as recently as last week  —  The platform cut Trump’s indefinite suspension to two years at the urging of its Oversight Board.  But that doesn’t mean he’s coming […]

The Cyberspace Administration of China will start regulating “deep synthesis” tech like AI-powered image, audio and text-generation software starting next week (Karen Hao/Wall Street Journal)

Karen Hao / Wall Street Journal: The Cyberspace Administration of China will start regulating “deep synthesis” tech like AI-powered image, audio and text-generation software starting next week  —  Beijing is among the first governments to regulate hyper-realistic, AI-generated media

The economic downturn is hurting the creator economy, one of the most-hyped sectors of the past decade, in particular since its middle class hasn’t yet emerged (Alex Kantrowitz/Big Technology)

Alex Kantrowitz / Big Technology: The economic downturn is hurting the creator economy, one of the most-hyped sectors of the past decade, in particular since its middle class hasn’t yet emerged  —  We’re seeing the truth about one of the most-hyped sectors of the past decade.  —  After years of hype, the Creator Economy is […]

A look at Columbia University’s Creative Machines Lab, which is exploring questions around artificial consciousness and the possibility of self-aware robots (Oliver Whang/New York Times)

Oliver Whang / New York Times: A look at Columbia University’s Creative Machines Lab, which is exploring questions around artificial consciousness and the possibility of self-aware robots  —  The pursuit of artificial awareness may be humankind’s next moonshot.  But it comes with a slurry of difficult questions.

After years of hype, 5G took a back seat at CES 2023, as the industry focuses on laying the groundwork for self-driving cars, AR, and expanding IoT in cities (Allison Johnson/The Verge)

Allison Johnson / The Verge: After years of hype, 5G took a back seat at CES 2023, as the industry focuses on laying the groundwork for self-driving cars, AR, and expanding IoT in cities  —  When it wasn’t being overshadowed by covid resurgences, CES, for the past few years, has partially functioned as a big […]

Seattle Public Schools sue TikTok, YouTube, Facebook, Snap, Instagram, and their parent companies for allegedly causing a youth mental health crisis (Todd Bishop/GeekWire)

Todd Bishop / GeekWire: Seattle Public Schools sue TikTok, YouTube, Facebook, Snap, Instagram, and their parent companies for allegedly causing a youth mental health crisis  —  A new lawsuit filed by Seattle Public Schools against TikTok, YouTube, Facebook, Snap, Instagram, and their parent companies alleges …

Marseille-based Volta Medical, whose AI assistant helps surgeons in cardiac ablation procedures, raised a €36M Series B, bringing its total funding to over €70M (Callum Cyrus/Tech.eu)

Callum Cyrus / Tech.eu: Marseille-based Volta Medical, whose AI assistant helps surgeons in cardiac ablation procedures, raised a €36M Series B, bringing its total funding to over €70M  —  Marseille-based Volta Medical is preparing for additional clinical trials, after successfully winning CE and FDA-approval …

Some companies are taking a liberal interpretation of California’s pay transparency law with wide pay ranges; one Netflix job posting has a $90K-$900K pay range (Bloomberg)

Bloomberg: Some companies are taking a liberal interpretation of California’s pay transparency law with wide pay ranges; one Netflix job posting has a $90K-$900K pay range  —  A Tesla Inc. software engineer could earn anywhere from $83,200 to $417,600.  Netflix Inc. has one job posting advertising …

Sources: some former US Twitter employees finally received their severance agreements, offering only one month of base pay as severance and no prorated bonuses (Kylie Robison/Fortune)

Kylie Robison / Fortune: Sources: some former US Twitter employees finally received their severance agreements, offering only one month of base pay as severance and no prorated bonuses  —  Following further delays this week, some former Twitter employees finally received their official severance agreements on Saturday …

Mandiant: Russian cyberespionage group Turla piggybacked on other hackers’ decade-old malware that spread via USB drives to stealthily access victim networks (Andy Greenberg/Wired)

Andy Greenberg / Wired: Mandiant: Russian cyberespionage group Turla piggybacked on other hackers’ decade-old malware that spread via USB drives to stealthily access victim networks  —  The infamous, FSB-connected Turla group took over other hackers’ servers, exploiting their USB drive malware for targeted espionage.

IBM SVP and Director of Research says the company will no longer pursue numeric patent leadership and will instead focus on open innovation and collaboration (Darío Gil/Fortune)

Darío Gil / Fortune: IBM SVP and Director of Research says the company will no longer pursue numeric patent leadership and will instead focus on open innovation and collaboration  —  For 29 years straight, IBM has led the United States in minting patents, at its peak filing over 10,000 US patent applications …