Industry insiders say DeepSeek's focus on research makes it a dangerous competitor as it's willing to share breakthroughs rather than protect them for profits
China is pulling the same trick. — www.ft.com/content/747a... Mastodon: Brian Kung / @briankung@hachyderm.io : “There's a pretty delicious, or maybe disconcerting irony to this, given OpenAI's found...
Analysis: a basket of the top US streaming services will cost $87 per month this fall, vs. $73 a year ago; the average US cable TV package costs $83 per month
Subscribing to the top US streaming services will cost $87 this autumn, compared with $73 a year ago. Meanwhile the average cable TV package costs $83 a month. — This isn't sustainable and I expect...
Alphabet plans to cut ~12,000 jobs, 6%+ of its global workforce; CEO Sundar Pichai says he takes “full responsibility for the decisions that led us here”
read the memo CEO Sundar Pichai sent to staff Mary Yang / NPR : Google is cutting 12,000 jobs, adding to a series of Big Tech layoffs in January BBC : Google parent Alphabet to cut 12,000 jobs Abner L...
Sources: Sequoia apologized to its fund investors for the $150M lost on its FTX bet and details plans to improve its due diligence process on new investments
but blames bankruptcy filing Sead-Fadilpasic / Cryptonews : Venture Capital Firm Sequoia Apologizes to Fund Investors for $150 Million Loss on FTX Shadine Taufik / Tech in Asia : Sequoia apologizes fo...
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
November 2022 will be remembered as one of the worst months in the crypto industry's history. Matt Turner / Bloomberg : Cathie Wood Goes On Coinbase Buying Spree as Wall Street Sours Liam ‘Akiba’ Wrig...
Robinhood closes down 8% on its first day of trading, after raising $2.1B in its IPO at a valuation of around $32B
will users ‘age out’ of the app? Finextra : Robinhood prices IPO at $32bn valuation Timothy Craig / Crypto Briefing : Robinhood IPOs Amid Uniswap Partnership Rumors Crunchbase News : Throw The Confett...
Peloton closes down 11% on its first day of trading, after raising $1.16B at a valuation of ~$8.1B
a company that sells $2,000 bikes that also makes you pay additional fees every month on top of the initial purchase choosing to go public while much of the market anticipates a coming recession did p...
People.cn, an arm of China's “People's Daily” paper, expands its AI-powered content scrubbing business for apps like Toutiao, hiring more human censors
BEIJING (Reuters) - People.cn, the online unit of China's influential People's Daily, is boosting its numbers … Tweets: @schuldensuehner Tweets: Holger Zschaepitz / @schuldensuehner : Censorship pays:...