Sources: spooked by a growing regulatory crackdown, US banks are backing away from crypto companies and re-evaluating their exposure, no matter how small (Wall Street Journal)

Wall Street Journal: Sources: spooked by a growing regulatory crackdown, US banks are backing away from crypto companies and re-evaluating their exposure, no matter how small  —  SEC and banking overseers step up scrutiny following collapse of FTX  —  Crypto’s Crash Has Been Swift but Largely Self-Contained.  Here’s Why.

A year on from Meta hyping the metaverse in a dystopian Super Bowl ad, enthusiasm for a virtual future has evaporated and Meta is now more focused on efficiency (Jemima Kelly/Financial Times)

Jemima Kelly / Financial Times: A year on from Meta hyping the metaverse in a dystopian Super Bowl ad, enthusiasm for a virtual future has evaporated and Meta is now more focused on efficiency  —  Enthusiasm for a virtual future is draining away — and so is investment  —  Remember when we were all going […]

How to pull carbon dioxide out of seawater

As carbon dioxide continues to build up in the Earth’s atmosphere, research teams around the world have spent years seeking ways to remove the gas efficiently from the air. Meanwhile, the world’s number one “sink” for carbon dioxide from the atmosphere is the ocean, which soaks up some 30 to 40 percent of all of […]

Twitter updates its policies to allow cannabis ads targeting US states where cannabis is legal, promoting brands or providing info but not offering direct sales (Sara Fischer/Axios)

Sara Fischer / Axios: Twitter updates its policies to allow cannabis ads targeting US states where cannabis is legal, promoting brands or providing info but not offering direct sales  —  Twitter on Wednesday updated its advertising policies to allow cannabis ads to run on its service in states where cannabis is legal, in accordance with […]

Twilio reports Q4 revenue up 22% YoY to $1.02B, vs. $1B est., active customer accounts up 13% YoY to 290K+, and authorizes a $1B share buyback; TWLO jumps 12%+ (Chris Ciaccia/Seeking Alpha)

Chris Ciaccia / Seeking Alpha: Twilio reports Q4 revenue up 22% YoY to $1.02B, vs. $1B est., active customer accounts up 13% YoY to 290K+, and authorizes a $1B share buyback; TWLO jumps 12%+  —  Twilio (NYSE:TWLO) shares soared nearly 10% in extended-hours trading after the cloud communications software company reported …

Shopify reports Q4 revenue up 26% YoY to $1.73B, vs. $1.65B est., GMV up 13% YoY to $61B, vs. $59.2B est., and forecasts a Q1 2023 revenue growth below est. (Lucy Papachristou/Bloomberg)

Lucy Papachristou / Bloomberg: Shopify reports Q4 revenue up 26% YoY to $1.73B, vs. $1.65B est., GMV up 13% YoY to $61B, vs. $59.2B est., and forecasts a Q1 2023 revenue growth below est.  —  Shopify Inc. tumbled in after-hours trading after giving a sales outlook for the start of the year that fell short […]

How BandLab, a music production app and social network for creators, woos users through its SongStarter AI tool, which generates royalty-free instrumental ideas (Catherine Wang/Forbes)

Catherine Wang / Forbes: How BandLab, a music production app and social network for creators, woos users through its SongStarter AI tool, which generates royalty-free instrumental ideas  —  A scion of Malaysia’s richest family, Kuok Meng Ru transformed his love of classic rock and blues into a music empire.

An in-depth look at how OpenAI’s ChatGPT decodes input queries to produce a “reasonable continuation” of the text, the underlying dataset, neural nets, and more (Stephen Wolfram Writings)

Stephen Wolfram Writings: An in-depth look at how OpenAI’s ChatGPT decodes input queries to produce a “reasonable continuation” of the text, the underlying dataset, neural nets, and more  —  It’s Just Adding One Word at a Time  —  That ChatGPT can automatically generate something that reads even superficially …

After a series of disastrous bets and a market downturn, SoftBank’s future rests on a successful Arm IPO and turnaround at the mostly dormant Vision Funds (Kana Inagaki/Financial Times)

Kana Inagaki / Financial Times: After a series of disastrous bets and a market downturn, SoftBank’s future rests on a successful Arm IPO and turnaround at the mostly dormant Vision Funds  —  Chip designer now accounts for a bigger percentage of the technology group’s net asset value than Alibaba

Descartes Systems Group, a Canada-based logistics and supply chain software provider, acquires US-based logistics automation provider GroundCloud for ~$138M (Charlize Alcaraz/BetaKit)

Charlize Alcaraz / BetaKit: Descartes Systems Group, a Canada-based logistics and supply chain software provider, acquires US-based logistics automation provider GroundCloud for ~$138M  —  Descartes aims to apply GroundCloud’s safety content, compliance solutions across more industries.

A US jury convicts Russian businessman Vladislav Klyushin for his role in a $90M insider trading scheme that hacked companies to get non-public financial data (Sean Lyngaas/CNN)

Sean Lyngaas / CNN: A US jury convicts Russian businessman Vladislav Klyushin for his role in a $90M insider trading scheme that hacked companies to get non-public financial data  —  A federal jury in Boston has convicted a prominent Russian businessman for his alleged role in a $90-million insider trading scheme …

GlobalFoundries reports record Q4 revenue, up 14% YoY to $2.1B, net income up 1,453% YoY to $668M, and FY 2022 revenue up 23% YoY to $8.1B; GFS closes up 8.44% (Dan O’Shea/Fierce Electronics)

Dan O’Shea / Fierce Electronics: GlobalFoundries reports record Q4 revenue, up 14% YoY to $2.1B, net income up 1,453% YoY to $668M, and FY 2022 revenue up 23% YoY to $8.1B; GFS closes up 8.44%  —  As recent earnings reports showed how many semiconductor designers struggled during the latter half of 2022 …

US financial regulators are rapidly closing crypto’s key routes to the banking system, accelerating since FTX collapsed, pushing the industry to the fringes (Bloomberg)

Bloomberg: US financial regulators are rapidly closing crypto’s key routes to the banking system, accelerating since FTX collapsed, pushing the industry to the fringes  —  Crypto’s free pass is getting yanked as the most powerful US financial regulators rapidly close key doors to the country’s banking system.

A look at Eric Schmidt-backed startup Ishtari, which uses machine learning to virtually assemble and test war machines from computer models of each component (Will Knight/Wired)

Will Knight / Wired: A look at Eric Schmidt-backed startup Ishtari, which uses machine learning to virtually assemble and test war machines from computer models of each component  —  The former Google CEO is on a mission to rewire the US military with cutting-edge artificial intelligence to take on China.

Beijing’s IT bureau plans to support AI startups building ChatGPT-like models and says 1,048 core AI companies, or 29% of China’s total, are located in Beijing (Reuters)

Reuters: Beijing’s IT bureau plans to support AI startups building ChatGPT-like models and says 1,048 core AI companies, or 29% of China’s total, are located in Beijing  —  China’s capital Beijing will support leading enterprises in building large artificial intelligence (AI) models that can challenge ChatGPT …