Unlike Bernie Madoff, SBF has not confessed to any criminal conduct, arguing FTX’s collapse was purely sloppiness, meaning a US prosecution could take some time (Ankush Khardori/New York Magazine)

Ankush Khardori / New York Magazine: Unlike Bernie Madoff, SBF has not confessed to any criminal conduct, arguing FTX’s collapse was purely sloppiness, meaning a US prosecution could take some time  —  On December 11, 2008, Bernie Madoff was arrested and criminally charged with one of the biggest financial frauds in history …

An interview with Max Levchin on Affirm, the US CFPB’s inquiry into BNPL services, problems with credit cards, the current economic environment, and more (Lauren Goode/Wired)

Lauren Goode / Wired: An interview with Max Levchin on Affirm, the US CFPB’s inquiry into BNPL services, problems with credit cards, the current economic environment, and more  —  The PayPal cofounder on why his “buy now, pay later” company Affirm is a healthier way to borrow, what caused the techlash, and Elon Musk’s Twitter.

In an interview, SBF admits involvement in Alameda’s largest uses of funds: spending $3B to buy out Binance’s stake in FTX and pouring $4B into venture capital (Joshua Oliver/Financial Times)

Joshua Oliver / Financial Times: In an interview, SBF admits involvement in Alameda’s largest uses of funds: spending $3B to buy out Binance’s stake in FTX and pouring $4B into venture capital  —  Exchange’s former CEO says he was close to key decisions at nominally separate trading firm  —  Speaking from his bed in Nassau […]

Kuo: mass shipments of Apple’s AR/VR headset may be delayed until H2 2023, from previously estimated Q2 2023, due to “software-related issues” (Joe Rossignol/MacRumors)

Joe Rossignol / MacRumors: Kuo: mass shipments of Apple’s AR/VR headset may be delayed until H2 2023, from previously estimated Q2 2023, due to “software-related issues”  —  Mass shipments of Apple’s long-rumored AR/VR headset may be delayed until the second half of 2023 due to unspecified “software-related issues …

Autonomous trucking software company Embark lost ~98% of its market value, or ~$5B, since going public a year ago via a SPAC merger, amid a sector-wide downturn (Joanna Glasner/Crunchbase News)

Joanna Glasner / Crunchbase News: Autonomous trucking software company Embark lost ~98% of its market value, or ~$5B, since going public a year ago via a SPAC merger, amid a sector-wide downturn  —  Out of all the beaten-down public companies in the autonomous driving space, Embark Technology stands out as a conspicuously terrible stock market […]

A look at FORM, a 1980s software used for the hardest particle physics problems, as it risks obsolescence while being maintained almost entirely by a retiree (Matt Von Hippel/Quanta Magazine)

Matt Von Hippel / Quanta Magazine: A look at FORM, a 1980s software used for the hardest particle physics problems, as it risks obsolescence while being maintained almost entirely by a retiree  —  Maintenance of the software that’s used for the hardest physics calculations rests almost entirely with a retiree.

Boston- and London-based Zoe, a nutrition and health tracking app, raised £25M led by Accomplice at a £209M valuation, after closing a £48M Series B in May 2021 (Ingrid Lunden/TechCrunch)

Ingrid Lunden / TechCrunch: Boston- and London-based Zoe, a nutrition and health tracking app, raised £25M led by Accomplice at a £209M valuation, after closing a £48M Series B in May 2021  —  Zoe, a startup founded by doctors and researchers out of London and Boston, made its name during the pandemic …

A look at virtual currencies like Roblox’s Robux, which have become many kids’ preferred way to be paid for chores or receive an allowance (Wall Street Journal)

Wall Street Journal: A look at virtual currencies like Roblox’s Robux, which have become many kids’ preferred way to be paid for chores or receive an allowance  —  Virtual currencies have become many families’ preferred way to pay allowance.  And Roblox’s currency is king.  —  Like many parents …

Tim Cook was able to placate Elon Musk within two days, but the chaos at Foxconn’s “iPhone City” may become the greatest test of Cook’s diplomatic skills yet (Patrick McGee/Financial Times)

Patrick McGee / Financial Times: Tim Cook was able to placate Elon Musk within two days, but the chaos at Foxconn’s “iPhone City” may become the greatest test of Cook’s diplomatic skills yet  —  Apple chief placates Elon Musk but faces bigger questions over iPhone supply chain  —  Tim Cook was already battling …

Elon Musk thinks the “Twitter Files” show that Twitter staff nefariously helped Joe Biden, but all they show is a team debating a difficult moderation decision (Jacob Kastrenakes/The Verge)

Jacob Kastrenakes / The Verge: Elon Musk thinks the “Twitter Files” show that Twitter staff nefariously helped Joe Biden, but all they show is a team debating a difficult moderation decision  —  Free-speech crusader Elon Musk isn’t happy with Twitter’s years-old decision to suppress a news story …

Elections in India’s Gujarat have become a WhatsApp spam war, as the main political parties push content across thousands of groups to influence voters (Samriddhi Sakunia/Rest of World)

Samriddhi Sakunia / Rest of World: Elections in India’s Gujarat have become a WhatsApp spam war, as the main political parties push content across thousands of groups to influence voters  —  10,000 volunteers, 50,000 WhatsApp groups, and the intense fight to “control people’s feed” in Gujarat.  —  • AHMEDABAD, GUJARAT, INDIA

A profile of Duolingo, which has almost 15M DAUs, up 51% YoY, and 3.7M paying subscribers, as it expects its 2022 revenue to surpass $365M, up 45% from 2021 (Bill Gifford/Bloomberg)

Bill Gifford / Bloomberg: A profile of Duolingo, which has almost 15M DAUs, up 51% YoY, and 3.7M paying subscribers, as it expects its 2022 revenue to surpass $365M, up 45% from 2021  —  After dinner on Aug. 23—a date he will never forget—Tobi Fondse pulled out his phone to do his daily Duolingo.

A look at Apple’s efforts to reduce dependence on Foxconn; sources: Apple wants other suppliers in China, Vietnam, and India to actively plan product assembly (Wall Street Journal)

Wall Street Journal: A look at Apple’s efforts to reduce dependence on Foxconn; sources: Apple wants other suppliers in China, Vietnam, and India to actively plan product assembly  —  Burned by Covid lockdowns and worker protests at Foxconn plants, the iPhone maker is looking to diversify the supply chain that has powered its growth

Sources: ex-FTX US President Brett Harrison is raising money for a startup to build crypto trading software for big investors, seeking $6M at a $60M valuation (Aidan Ryan/The Information)

Aidan Ryan / The Information: Sources: ex-FTX US President Brett Harrison is raising money for a startup to build crypto trading software for big investors, seeking $6M at a $60M valuation  —  Brett Harrison, the former president of FTX’s U.S. arm, is trying to raise money for a new crypto startup focused …

China is using phone trackers and other tools to track protestors, the first time mass surveillance has been directed at middle-class people in affluent cities (New York Times)

New York Times: China is using phone trackers and other tools to track protestors, the first time mass surveillance has been directed at middle-class people in affluent cities  —  After a weekend of protests, the authorities in China are using the country’s all-seeing surveillance apparatus to find those bold enough to defy them.

Mike Novogratz’s Galaxy Digital agrees to buy high-security custodian GK8 from bankrupt crypto lender Celsius; Celsius acquired GK8 for $115M in late 2021 (Adam Morgan McCarthy/The Block)

Adam Morgan McCarthy / The Block: Mike Novogratz’s Galaxy Digital agrees to buy high-security custodian GK8 from bankrupt crypto lender Celsius; Celsius acquired GK8 for $115M in late 2021  —  – Mike Novogratz’s Galaxy Digital agreed to buy GK8 from Celsius.  — GK8 was originally acquired by Celsius for $115 million in late 2021.

A healthy wind

Nearly 10 percent of today’s electricity in the United States comes from wind power. The renewable energy source benefits climate, air quality, and public health by displacing emissions of greenhouse gases and air pollutants that would otherwise be produced by fossil-fuel-based power plants. A new MIT study finds that the health benefits associated with wind […]

TikTok and Bumble plan to use StopNCII.org’s database of hashes of nude images and videos to block revenge porn; Meta has been using it since last year (Olivia Solon/Bloomberg)

Olivia Solon / Bloomberg: TikTok and Bumble plan to use StopNCII.org’s database of hashes of nude images and videos to block revenge porn; Meta has been using it since last year  —  The UN’s 16 days of activism against gender-based violence is on now, and “revenge porn” is in focus.  But first…  Today’s must-reads:

Ye’s Twitter account is suspended after he tweeted a picture of a swastika merged with a Star of David; Elon Musk replied, saying he violated Twitter rules (Elon Musk/@elonmusk)

Elon Musk / @elonmusk: Ye’s Twitter account is suspended after he tweeted a picture of a swastika merged with a Star of David; Elon Musk replied, saying he violated Twitter rules  —  @TheeAleexJ @kanyewest I tried my best. Despite that, he again violated our rule against incitement to violence. Account will be suspended.

DeepMind unveils DeepNash, an AI agent that matches human experts in the board game Stratego by combining game theory and model-free deep reinforcement learning (Anil Ananthaswamy/Nature)

Anil Ananthaswamy / Nature: DeepMind unveils DeepNash, an AI agent that matches human experts in the board game Stratego by combining game theory and model-free deep reinforcement learning  —  Anil Ananthaswamy is the author of Through Two Doors at Once, among other books.  His next is on the mathematics of machine learning.

US House committee report details how fintech companies, like Blueacorn, allegedly disbursed billions in fraudulent PPP loans, while collecting billions in fees (Tony Romm/Washington Post)

Tony Romm / Washington Post: US House committee report details how fintech companies, like Blueacorn, allegedly disbursed billions in fraudulent PPP loans, while collecting billions in fees  —  Little-known firms such as Blueacorn and Womply allegedly collected taxpayer-funded fees as they overlooked signs of grift …

Parler’s owner says it “has mutually agreed with Ye to terminate the intent of sale of Parler”, after announcing the deal in October (Darrell Etherington/TechCrunch)

Darrell Etherington / TechCrunch: Parler’s owner says it “has mutually agreed with Ye to terminate the intent of sale of Parler”, after announcing the deal in October  —  Despite a joint statement between Ye (fka Kanye West) and Parler in October noting that the two had reached an agreement for the rapper to buy …

Epic makes RealityScan app, which lets users scan real-life objects to turn them into 3D models, available for free on iOS, after a limited beta launch in April (Jay Peters/The Verge)

Jay Peters / The Verge: Epic makes RealityScan app, which lets users scan real-life objects to turn them into 3D models, available for free on iOS, after a limited beta launch in April  —  Epic Games’ RealityScan app, which lets you scan real-life objects and turn them into 3D models for video games or other […]

Mining for the clean energy transition

In a world powered increasingly by clean energy, drilling for oil and gas will gradually give way to digging for metals and minerals. Today, the “critical minerals” used to make electric cars, solar panels, wind turbines, and grid-scale battery storage are facing soaring demand — and some acute bottlenecks as miners race to catch up. […]