Analysts say crypto miners pivoting to AI cloud services face an uphill battle due to needing other specialized processors, hardware and staff costs, and more (David Pan/Bloomberg)

David Pan / Bloomberg: Analysts say crypto miners pivoting to AI cloud services face an uphill battle due to needing other specialized processors, hardware and staff costs, and more  —  Crypto miners looking to provide services for upstarts in artificial intelligence may be looking at an uphill battle, according to analysts.

How Mobileye, Cruise, Waymo, and other self-driving system makers are simulating bad drivers, jaywalkers, and edge cases to train and test autonomous vehicles (Christopher Mims/Wall Street Journal)

Christopher Mims / Wall Street Journal: How Mobileye, Cruise, Waymo, and other self-driving system makers are simulating bad drivers, jaywalkers, and edge cases to train and test autonomous vehicles  —  Call it the Mad Max driving test, a gantlet only a Hollywood director—or a mild-mannered engineer—could dream up

Sources: Meta and Magic Leap are in talks for a multiyear deal in which Magic Leap could provide IP licensing and contract manufacturing for Meta’s AR products (Financial Times)

Financial Times: Sources: Meta and Magic Leap are in talks for a multiyear deal in which Magic Leap could provide IP licensing and contract manufacturing for Meta’s AR products  —  Social media giant seeks technologies to help create an avatar-filled ‘metaverse’  —  Facebook’s parent company is in talks …

Unable to turn a profit amid fewer hours watched, some US esports organizations lay off staff, end star player contracts, or even sell their teams at a loss (Kellen Browning/New York Times)

Kellen Browning / New York Times: Unable to turn a profit amid fewer hours watched, some US esports organizations lay off staff, end star player contracts, or even sell their teams at a loss  —  At least two organizations in America’s most prominent league for professional video game players are selling their teams, underscoring the […]

How crypto hunters help people going through a divorce find their spouse’s hidden crypto stashes, following the trail of tokens as they “hop” across blockchains (MacKenzie Sigalos/CNBC)

MacKenzie Sigalos / CNBC: How crypto hunters help people going through a divorce find their spouse’s hidden crypto stashes, following the trail of tokens as they “hop” across blockchains  —  – Financial infidelity has become increasingly sophisticated, as investors “hop” coins across blockchains and sink their cash into metaverse properties.

NYC-based Percent, which operates a private credit marketplace, raised a $29.7M Series B led by White Star Capital, bringing its total funding to $48.2M (Kyle Wiggers/TechCrunch)

Kyle Wiggers / TechCrunch: NYC-based Percent, which operates a private credit marketplace, raised a $29.7M Series B led by White Star Capital, bringing its total funding to $48.2M  —  In 2018, Nelson Chu founded Percent with the goal of bringing investors, borrowers and underwriters together to modernize private credit.

Inside the Bitcoin 2023 conference in Miami, attended by 12K+ people, down from 25K+ in 2022, which had a subdued yet positive mood, and no talks of moonshots (Vildana Hajric/Bloomberg)

Vildana Hajric / Bloomberg: Inside the Bitcoin 2023 conference in Miami, attended by 12K+ people, down from 25K+ in 2022, which had a subdued yet positive mood, and no talks of moonshots  —  It turns out that the Bitcoin faithful still like to party even after the annus horribilis that shook the digital-asset world in […]

Filing: AT&T asks the FCC to block a SpaceX/T-Mobile plan that allows Starlink to service areas lacking T-Mobile coverage, saying “FCC’s rules do not permit” it (Jon Brodkin/Ars Technica)

Jon Brodkin / Ars Technica: Filing: AT&T asks the FCC to block a SpaceX/T-Mobile plan that allows Starlink to service areas lacking T-Mobile coverage, saying “FCC’s rules do not permit” it  —  AT&T and rural telcos say Starlink-fueled phone service would cause interference.

China approves Microsoft’s $69B acquisition of Activision Blizzard, bringing the total to 37 countries, including the EU and Japan (Rebekah Valentine/IGN)

Rebekah Valentine / IGN: China approves Microsoft’s $69B acquisition of Activision Blizzard, bringing the total to 37 countries, including the EU and Japan  —  Thirty-seven total regulators have voiced approval thus far.  —  China’s State Administration has approved Microsoft’s attempted $69 billion acquisition …

Sources: Apollo Global Management and Fortress Investment Group are each investing ~$50M in competing groups that aim to restart Celsius under new management (Wall Street Journal)

Wall Street Journal: Sources: Apollo Global Management and Fortress Investment Group are each investing ~$50M in competing groups that aim to restart Celsius under new management  —  Investors that buy and turn around downtrodden companies have largely shunned crypto  —  Two Wall Street heavyweights are locked …

A look at the proliferation of fake LinkedIn profiles; LinkedIn’s transparency report says the company blocked 58M+ accounts in H2 2022, up from 22M in H1 (Financial Times)

Financial Times: A look at the proliferation of fake LinkedIn profiles; LinkedIn’s transparency report says the company blocked 58M+ accounts in H2 2022, up from 22M in H1  —  On the internet, nobody knows you bought a dog  —  William Grace-Hunter doesn’t exist, though this may not be immediately obvious from his LinkedIn profile.

Sources: top shareholder SoftBank demanded compensation from Revolut after UK regulators told the startup to simplify its ownership to obtain a banking license (Financial Times)

Financial Times: Sources: top shareholder SoftBank demanded compensation from Revolut after UK regulators told the startup to simplify its ownership to obtain a banking license  —  Minister to meet payment group’s bosses amid fears UK’s biggest tech group will leave the country

Sources: Lagos-based Sabi, which provides a marketplace, inventory management tools, and more to Africa’s SMEs, raised a $38M Series B at a $300M valuation (Tage Kene-Okafor/TechCrunch)

Tage Kene-Okafor / TechCrunch: Sources: Lagos-based Sabi, which provides a marketplace, inventory management tools, and more to Africa’s SMEs, raised a $38M Series B at a $300M valuation  —  Sabi, a Lagos-based B2B e-commerce startup providing digital commerce infrastructure to Africa’s informal economy …

Tejay Fletcher, the mastermind behind phone number spoofing service iSpoof, which scammed victims out of ~£100M, is sentenced to over 13 years in a UK prison (Katharine Gemmell/Bloomberg)

Katharine Gemmell / Bloomberg: Tejay Fletcher, the mastermind behind phone number spoofing service iSpoof, which scammed victims out of ~£100M, is sentenced to over 13 years in a UK prison  —  The mastermind behind a global “spoofing shop” that scammed victims out of as much as £100 million ($124 million) …

A UK court throws out a case against Google concerning the transfer of 1.6M patients’ data by an NHS trust to DeepMind in 2015 and its alleged misuse (Sam Tobin/Reuters)

Sam Tobin / Reuters: A UK court throws out a case against Google concerning the transfer of 1.6M patients’ data by an NHS trust to DeepMind in 2015 and its alleged misuse  —  Google on Friday defeated a lawsuit brought on behalf of 1.6 million people over medical records provided to the U.S. tech giant […]

Nvidia debuts the $299 GeForce RTX 4060, its cheapest 40-series card, and $499 RTX 4060 Ti 16GB, available in July; the RTX 4060 Ti 8GB ships on May 24 for $399 (Tom Warren/The Verge)

Tom Warren / The Verge: Nvidia debuts the $299 GeForce RTX 4060, its cheapest 40-series card, and $499 RTX 4060 Ti 16GB, available in July; the RTX 4060 Ti 8GB ships on May 24 for $399  —  Nvidia has officially announced its RTX 4060 family of GPUs.  This includes the RTX 4060 Ti, which will […]

A group of five TikTok creators sue to overturn Montana’s law that is set to ban the app starting January 1, 2024, citing the First Amendment and more (New York Times)

New York Times: A group of five TikTok creators sue to overturn Montana’s law that is set to ban the app starting January 1, 2024, citing the First Amendment and more  —  A spokeswoman for the state attorney general said that his office had “expected a legal challenge” and was “fully prepared to defend the […]

Twitter increases its video upload limits for Blue subscribers from one hour and 2GB to two hours and 8GB, but the maximum resolution remains at 1080p (Ivan Mehta/TechCrunch)

Ivan Mehta / TechCrunch: Twitter increases its video upload limits for Blue subscribers from one hour and 2GB to two hours and 8GB, but the maximum resolution remains at 1080p  —  Twitter has made changes to its paid plan, allowing subscribers to upload two-hour-long videos — expanding the previous 60-minute limit.

Say hello to Tim the BeaVR

MIT’s mascot Tim the Beaver is ready to travel virtually anywhere in the world! A new app developed by MIT undergraduate Daniel Portela lets individuals place virtual Tim anywhere they are using just their phone’s camera and web browser. Portela developed the web application as part of his Undergraduate Research Opportunities Program (UROP) project at […]