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Monthly Archives: April 2023
No ‘immediate path forward’: CFTC is talking to Binance after launching legal action, official says
The CFTC sued Binance, its CEO Changpeng Zhao and its former chief compliance officer last month.
Fintech-focused VC firm Anthemis Group lays off 28% of staff as part of restructuring
Anthemis Group is undergoing a restructuring that resulted in its letting go of 16 employees, or about 28% of its employees, earlier this year, the fintech-focused venture firm has confirmed to TechCrunch. A spokesperson for London-based Anthemis said the move … Continue reading
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GM is killing off the Chevy Bolt and Bolt EUV
General Motors Chair and CEO Mary Barra said Tuesday the automaker will stop producing its two top-selling EVs: the Chevy Bolt and its larger sibling, the Bolt EUV, by the end of 2023. Barra told investors during the company’s earnings … Continue reading
A 13-year-old boy was groomed publicly on Twitter and kidnapped, despite numerous chances to stop it
The abduction came after a series of missed opportunities where Twitter and law enforcement failed to effectively intervene.
Amazon, Apple and more: EU names the Big Tech platforms set to face tougher regulatory scrutiny
Under the Digital Services Act (DSA), Europe regulators will be able to police content to reduce harmful comments and set rules for the use of artificial intelligence.
Europe names 19 platforms that must report algorithmic risks under DSA
The European Union has confirmed the names of over a dozen platforms that will face the strictest level of regulation under its recently rebooted and expanded ecommerce rules, aka the Digital Services Act (DSA). The list is a mix of … Continue reading
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Yahoo acquires social sports betting app Wagr
Yahoo today announced that it has acquired Wagr, a three-year-old social sports betting startup based out of Nashville. Terms of the deal were not disclosed. TechCrunch, whose parent company happens to be the now Apollo-owned Yahoo, covered Wagr way back … Continue reading
Inside Meta’s scramble to catch up on A.I.
Meta’s CEO gathered his top lieutenants in 2022 for a five-hour dissection of the company’s computing capacity and ability to do artificial intelligence work.
ByteDance is pushing a new app in the U.S. as TikTok faces a ban
As sister app TikTok faces a possible ban, Lemon8 is gaining popularity in the U.S. Analysts call it a strategic move to give TikTok creators an alternative.
UK regulator holding up Microsoft’s Activision deal set to get new powers to rein in Big Tech
A new unit within the U.K.’s Competition and Markets Authority will be given powers to fine Big Tech firms up to 10% of global revenues for breaches.