PitchBook: global VC funding for crypto startups fell to $2.4B in Q1 2023, down 80% from an all-time high of $12.3B in Q1 2022 and the lowest level since 2020 (Hannah Miller/Bloomberg)

Hannah Miller / Bloomberg: PitchBook: global VC funding for crypto startups fell to $2.4B in Q1 2023, down 80% from an all-time high of $12.3B in Q1 2022 and the lowest level since 2020  —  Venture capitalists are continuing to pull back from crypto, an industry that’s been plagued by scandals, a market downturn and […]

IAC and PwC: 2022 US digital ad revenue rose 10.8% YoY to $209.7B, down from 35% growth in 2021; social media ad revenue rose 3.6% YoY, down from ~39% in 2021 (Megan Graham/Wall Street Journal)

Megan Graham / Wall Street Journal: IAC and PwC: 2022 US digital ad revenue rose 10.8% YoY to $209.7B, down from 35% growth in 2021; social media ad revenue rose 3.6% YoY, down from ~39% in 2021  —  Headwinds from the economy and privacy protections were offset by growth in areas such as retail ad […]

Sources say concerns over Mark Zuckerberg’s efficiency drive, layoffs, Meta’s absentee leadership, and focus on the metaverse have devastated employee morale (New York Times)

New York Times: Sources say concerns over Mark Zuckerberg’s efficiency drive, layoffs, Meta’s absentee leadership, and focus on the metaverse have devastated employee morale  —  Workers at Facebook’s parent have been increasingly alarmed by job cuts and the company’s direction.

Customs data: Russia imported $570M worth of US chips from Hong Kong and mainland China from February 24, 2022 to December 31, 2022, despite US sanctions (Nikkei Asia)

Nikkei Asia: Customs data: Russia imported $570M worth of US chips from Hong Kong and mainland China from February 24, 2022 to December 31, 2022, despite US sanctions  —  Shipments from Hong Kong and China jumped tenfold after invasion of Ukraine  —  TOKYO/HONG KONG/TAIPEI — More than a year since …

Artifact, the personalized news sharing app started by Instagram’s co-founders, adds article comments and plans to give new profiles a public “reputation score” (Mack DeGeurin/Gizmodo)

Mack DeGeurin / Gizmodo: Artifact, the personalized news sharing app started by Instagram’s co-founders, adds article comments and plans to give new profiles a public “reputation score”  —  Kevin Systrom and Mike Krieger’s article app is taking a page from Reddit’s playbook with upvotes, downvotes, and graded credibility—as well as AI moderation.

Sources: after Twitch cut ~15% of the staff who policed abusive or illegal content and folded an AI ethics team, ex-staffers worry content moderation will slip (Cecilia D’Anastasio/Bloomberg)

Cecilia D’Anastasio / Bloomberg: Sources: after Twitch cut ~15% of the staff who policed abusive or illegal content and folded an AI ethics team, ex-staffers worry content moderation will slip  —  Job cuts at Amazon.com Inc.’s Twitch division are raising concerns among former employees and content monitors …

A new microneedle-based drug delivery technique for plants

Increasing environmental conditions caused by climate change, an ever-growing human population, scarcity of arable land, and limited resources are pressuring the agriculture industry to adopt more sustainable and precise practices that foster more efficient use of resources (e.g., water, fertilizers, and pesticides) and mitigation of environmental impacts. Developing delivery systems that efficiently deploy agrochemicals such […]

Open-source LLMs are having a moment after the LLaMA leak and releases from Stanford and others, prompting debates over the pros and cons of open and closed AI (Sharon Goldman/VentureBeat)

Sharon Goldman / VentureBeat: Open-source LLMs are having a moment after the LLaMA leak and releases from Stanford and others, prompting debates over the pros and cons of open and closed AI  —  The open-source technology movement has been having a moment over the past few weeks thanks to AI — following a wave …

The Commerce Department’s NTIA begins exploring possible rules for ChatGPT and other generative AI tools, requesting comment from the public over accountability (Ryan Tracy/Wall Street Journal)

Ryan Tracy / Wall Street Journal: The Commerce Department’s NTIA begins exploring possible rules for ChatGPT and other generative AI tools, requesting comment from the public over accountability  —  Fears grow over the potential use of artificial intelligence to commit crimes and spread falsehoods

Research: supporters of a separatist movement in Punjab, India, are using Twitter bots to promote violence, sharing content before Twitter’s safety team can act (Joseph Menn/Washington Post)

Joseph Menn / Washington Post: Research: supporters of a separatist movement in Punjab, India, are using Twitter bots to promote violence, sharing content before Twitter’s safety team can act  —  The messages are too numerous for Twitter’s reduced moderation teams to delete  —  SAN FRANCISCO — Amid escalating conflict between …

Tests show Twitter, which resumed political ads this year, offers incomplete data on the ads through its “disclosure” tool, missing some promoted tweets (Jessica Piper/Politico)

Jessica Piper / Politico: Tests show Twitter, which resumed political ads this year, offers incomplete data on the ads through its “disclosure” tool, missing some promoted tweets  —  The platform started accepting political ads again in January.  —  Elon Musk took over Twitter last fall with a pledge …

Sources: Tyler and Cameron Winklevoss recently made a $100M loan to Gemini Trust, after their crypto exchange tried to raise funds from outside investors (Bloomberg)

Bloomberg: Sources: Tyler and Cameron Winklevoss recently made a $100M loan to Gemini Trust, after their crypto exchange tried to raise funds from outside investors  —  Billionaires Tyler and Cameron Winklevoss dipped into their own pockets to support their crypto exchange Gemini Trust Co. …

The US FTC orders a supplement maker to pay $600K in its first case on “hijacked” Amazon reviews, in which reviews of different products are misleadingly merged (Sarah Perez/TechCrunch)

Sarah Perez / TechCrunch: The US FTC orders a supplement maker to pay $600K in its first case on “hijacked” Amazon reviews, in which reviews of different products are misleadingly merged  —  The U.S. Federal Trade Commission has approved a final consent order in its first-ever enforcement action over a case involving …

Raspberry Pi launches the browser-based Raspberry Pi Code Editor in beta, initially supporting Python, aiming to help young people learn to code (Avram Piltch/Tom’s Hardware)

Avram Piltch / Tom’s Hardware: Raspberry Pi launches the browser-based Raspberry Pi Code Editor in beta, initially supporting Python, aiming to help young people learn to code  —  New editor is integrated with Python lessons.  —  When we think about Raspberry Pi, we normally picture single-board computers …

A look at the impact of 34 US bitcoin mines and their extreme demand for energy, as the cost of electricity for locals increases in Texas and other areas (New York Times)

New York Times: A look at the impact of 34 US bitcoin mines and their extreme demand for energy, as the cost of electricity for locals increases in Texas and other areas  —  Bitcoin mines cash in on electricity — by devouring it, selling it, even turning it off — and they cause immense pollution.

Emirates Telecom plans to buy a 50.03% stake in Careem, the super app owned by Uber’s Middle East unit, for $400M; Uber will own Careem’s ride-hailing business (Nicolas Parasie/Bloomberg)

Nicolas Parasie / Bloomberg: Emirates Telecom plans to buy a 50.03% stake in Careem, the super app owned by Uber’s Middle East unit, for $400M; Uber will own Careem’s ride-hailing business  —  Emirates Telecommunications Group will buy a $400 million stake in the super app developed by Uber Technologies Inc.’s Middle Eastern subsidiary …

A study based on the patent-filing history of 760K+ US inventors finds they produce fewer innovations after joining big firms vs. inventors hired by young firms (Christopher Mims/Wall Street Journal)

Christopher Mims / Wall Street Journal: A study based on the patent-filing history of 760K+ US inventors finds they produce fewer innovations after joining big firms vs. inventors hired by young firms  —  Big companies are hiring an ever-larger proportion of America’s inventors, who are less productive once they join

In a reversal, Twitter lets users like and retweet Substack links, but searches including “Substack” still return results for just “newsletter” instead (Igor Bonifacic/Engadget)

Igor Bonifacic / Engadget: In a reversal, Twitter lets users like and retweet Substack links, but searches including “Substack” still return results for just “newsletter” instead  —  In a reversal of a limitation the platform put in place earlier in the week, Twitter is once again allowing users to interact with Substack links freely.