The UK’s National Audit Office says a 2% digital services tax on the gross revenue of Amazon, Apple, and other US giants reaped almost £360M in its first year (Mark Sweney/The Guardian)

Mark Sweney / The Guardian: The UK’s National Audit Office says a 2% digital services tax on the gross revenue of Amazon, Apple, and other US giants reaped almost £360M in its first year  —  Figure raised exceeds what most of the digital businesses have been paying in UK corporation tax

Baidu EVP Dou Shen downplays the impact of US semiconductor restrictions, after the company stockpiled parts, and says its AI business would benefit long term (Shen Lu/Wall Street Journal)

Shen Lu / Wall Street Journal: Baidu EVP Dou Shen downplays the impact of US semiconductor restrictions, after the company stockpiled parts, and says its AI business would benefit long term  —  Executive says the search-engine giant’s AI and cloud businesses don’t rely heavily on chips restricted by the U.S.

Amazon’s Twitch makes changes to address child predation concerns, including mandatory phone verification and improving account termination for users under 13 (Cecilia D’Anastasio/Bloomberg)

Cecilia D’Anastasio / Bloomberg: Amazon’s Twitch makes changes to address child predation concerns, including mandatory phone verification and improving account termination for users under 13  —  Twitch, the video game livestreaming site popular with teens and kids, announced changes it’s making on the platform to increase safety …

A far-sighted approach to machine learning

Picture two teams squaring off on a football field. The players can cooperate to achieve an objective, and compete against other players with conflicting interests. That’s how the game works. Creating artificial intelligence agents that can learn to compete and cooperate as effectively as humans remains a thorny problem. A key challenge is enabling AI […]

A simpler path to better computer vision

Before a machine-learning model can complete a task, such as identifying cancer in medical images, the model must be trained. Training image classification models typically involves showing the model millions of example images gathered into a massive dataset. However, using real image data can raise practical and ethical concerns: The images could run afoul of […]

Interviews and messages show how SBF used PACs, nonprofits, and consulting firms to woo politicians, regulators, and others to support his crypto goals (New York Times)

New York Times: Interviews and messages show how SBF used PACs, nonprofits, and consulting firms to woo politicians, regulators, and others to support his crypto goals  —  In just three years, the FTX co-founder built a massive operation to woo politicians, regulators and nonprofits to support his crypto goals.

US Senators Elizabeth Warren, Richard Durbin, and Tina Smith ask Fidelity to reconsider its upcoming Bitcoin 401(k) offerings announced in April 2022 (Camomile Shumba/CoinDesk)

Camomile Shumba / CoinDesk: US Senators Elizabeth Warren, Richard Durbin, and Tina Smith ask Fidelity to reconsider its upcoming Bitcoin 401(k) offerings announced in April 2022  —  The asset management giant said in April it would offer retail investors the option to put bitcoin in their 401(k) accounts at some point this year.

Sources: Sequoia apologized to its fund investors for the $150M it lost on FTX and told them it would improve its due diligence process on future investments (Berber Jin/Wall Street Journal)

Berber Jin / Wall Street Journal: Sources: Sequoia apologized to its fund investors for the $150M it lost on FTX and told them it would improve its due diligence process on future investments  —  Venture-capital firm tells fund investors that it will improve due diligence on future investments after $150 million loss on crypto exchange

An investigation reveals how online US sports betting grew so big, so fast and what the consequences are likely to be for public health, taxpayers, and others (David Enrich/New York Times)

David Enrich / New York Times: An investigation reveals how online US sports betting grew so big, so fast and what the consequences are likely to be for public health, taxpayers, and others  —  The New York Times examined thousands of pages of documents and interviewed lobbyists, executives, lawmakers …

The UK’s CMA launches an investigation into Apple’s and Google’s dominance in mobile browsers and cloud gaming, following a survey that found a “stranglehold” (Samuel Stolton/Politico)

Samuel Stolton / Politico: The UK’s CMA launches an investigation into Apple’s and Google’s dominance in mobile browsers and cloud gaming, following a survey that found a “stranglehold”  —  Apple and Google could be forced to loosen their grip on mobile systems after the United Kingdom’s competition watchdog launched …

After criticism, India’s government releases an updated and more “balanced” data protection bill, seeking passage in April or May 2023, the fourth such draft (John Reed/Financial Times)

John Reed / Financial Times: After criticism, India’s government releases an updated and more “balanced” data protection bill, seeking passage in April or May 2023, the fourth such draft  —  IT minister says ‘balanced’ legislation is designed to accelerate economic growth  —  India’s revamped data protection bill is …

In search of the principles of life

MIT Associate Professor Otto Cordero has always gravitated toward the most basic questions of life. How do ecosystems assemble? Why do species divide labor in nature? He believes these are some of the most central questions for understanding life. “The challenge is discovering something that applies across organisms and across environments — now we’re talking […]

Report: Amazon’s hardware group may lose $10B in 2022, as many Echo devices are sold at cost and plans to monetize Alexa have failed (Ron Amadeo/Ars Technica)

Ron Amadeo / Ars Technica: Report: Amazon’s hardware group may lose $10B in 2022, as many Echo devices are sold at cost and plans to monetize Alexa have failed  —  Layoffs reportedly hit the Alexa team hard as the company’s biggest money loser.  —  Amazon is going through the biggest layoffs in the company’s history […]

Sources: at an all-hands, Elon Musk said Twitter is done with layoffs and actively recruiting for roles in engineering and sales; Twitter has 2,700+ employees (Alex Heath/The Verge)

Alex Heath / The Verge: Sources: at an all-hands, Elon Musk said Twitter is done with layoffs and actively recruiting for roles in engineering and sales; Twitter has 2,700+ employees  —  After purging nearly two-thirds of Twitter’s 7,500-person workforce in three weeks, Elon Musk is hiring again.

US DOJ says two Estonians were arrested for a $575M cryptocurrency fraud and money laundering scheme that allegedly defrauded hundreds of thousands of investors (Cheyenne Ligon/CoinDesk)

Cheyenne Ligon / CoinDesk: US DOJ says two Estonians were arrested for a $575M cryptocurrency fraud and money laundering scheme that allegedly defrauded hundreds of thousands of investors  —  According to the Department of Justice, the two men used shell companies to launder the proceeds of their fraudulent schemes and buy luxury cars and real […]

Machinery of the state

In Mai Hassan’s studies of Kenya, she documented the emergence of a sprawling administrative network officially billed as encouraging economic development, overseeing the population, and bolstering democracy. But Hassan’s field interviews and archival research revealed a more sinister purpose for the hundreds of administrative and security offices dotting the nation: “They were there to do […]

Scientists unveil the functional landscape of essential genes

A team of scientists at the Whitehead Institute for Biomedical Research and the Broad Institute of MIT and Harvard has systematically evaluated the functions of over 5,000 essential human genes using a novel, pooled, imaged-based screening method. Their analysis harnesses CRISPR-Cas9 to knock out gene activity and forms a first-of-its-kind resource for understanding and visualizing […]

A look at Gary Gensler’s plan to regulate most crypto as securities and questions over the SEC’s handling of FTX, which met the regulator before its implosion (David Yaffe-Bellany/New York Times)

David Yaffe-Bellany / New York Times: A look at Gary Gensler’s plan to regulate most crypto as securities and questions over the SEC’s handling of FTX, which met the regulator before its implosion  —  Gary Gensler, the chair of the S.E.C., is at the center of a reckoning over the future of cryptocurrency after the […]

DCG’s Grayscale refuses to share proof of reserves, citing “security concerns”, as Grayscale Bitcoin Trust reaches new lows and DCG’s Genesis halts withdrawals (Stephanie Murray/The Block)

Stephanie Murray / The Block: DCG’s Grayscale refuses to share proof of reserves, citing “security concerns”, as Grayscale Bitcoin Trust reaches new lows and DCG’s Genesis halts withdrawals  —  Grayscale will not show proof of reserves due to “security concerns,” after its bitcoin and ether products fell to all-time lows this week.

A look at things journalism could lose if Twitter dies: real-time feedback on stories, news outlets being publicly called out, DMs as a reporting tool, and more (Laura Hazard Owen/Nieman Lab)

Laura Hazard Owen / Nieman Lab: A look at things journalism could lose if Twitter dies: real-time feedback on stories, news outlets being publicly called out, DMs as a reporting tool, and more  —  Goodbye to screenshotted best bits, DMs, “that tweet should be a story”…  “If Twitter goes away my job would actually be […]

Study: Automation drives income inequality

When you use self-checkout machines in supermarkets and drugstores, you are probably not — with all due respect — doing a better job of bagging your purchases than checkout clerks once did. Automation just makes bagging less expensive for large retail chains. “If you introduce self-checkout kiosks, it’s not going to change productivity all that […]

A look at Unstable Diffusion, which is trying to monetize AI porn generators; the group migrated from a subreddit to Discord, where it has over 45,000 members (TechCrunch)

TechCrunch: A look at Unstable Diffusion, which is trying to monetize AI porn generators; the group migrated from a subreddit to Discord, where it has over 45,000 members  —  Of course, it’s an ethical minefield  —  When Stable Diffusion, the text-to-image AI developed by startup Stability AI …