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The Cyberspace Administration of China will start regulating "deep synthesis" tech like AI-powered image, audio and text-generation software starting next week (Karen Hao/Wall Street Journal)
Karen Hao / Wall Street Journal: The Cyberspace Administration of China will start regulating “deep synthesis” tech like AI-powered image,…
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Sources: crypto lender Genesis Global laid off 30% of its staff, after cutting 20% of its 260 workforce in 2022, and is considering filing for bankruptcy (Wall Street Journal)
Wall Street Journal: Sources: crypto lender Genesis Global laid off 30% of its staff, after cutting 20% of its 260…
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Sources: OpenAI is in talks to raise $300M+ from Thrive and Founders Fund in a tender offer, valuing the company at ~$29B, up from $14B in its 2021 tender offer (Wall Street Journal)
Wall Street Journal: Sources: OpenAI is in talks to raise $300M+ from Thrive and Founders Fund in a tender offer,…
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NY AG Letitia James files a civil suit against Alex Mashinsky, alleging the co-founder of Celsius defrauded investors out of billions by making false statements (Wall Street Journal)
Wall Street Journal: NY AG Letitia James files a civil suit against Alex Mashinsky, alleging the co-founder of Celsius defrauded…
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Internal docs and sources: Facebook scaled back a plan to heavily demote politics and sensitive topics after finding it came at a "high and inefficient cost" (Wall Street Journal)
Wall Street Journal: Internal docs and sources: Facebook scaled back a plan to heavily demote politics and sensitive topics after…
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Some VCs that held onto stakes in startups after IPOs during the bull market, including Sequoia, Menlo, and Altos, have been left with losses as markets drop (Berber Jin/Wall Street Journal)
Berber Jin / Wall Street Journal: Some VCs that held onto stakes in startups after IPOs during the bull market,…
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Sources: Amazon plans to lay off over 17,000 employees, more than the 10,000 workers it expected in November 2022, with new cuts starting over the coming weeks (Wall Street Journal)
Wall Street Journal: Sources: Amazon plans to lay off over 17,000 employees, more than the 10,000 workers it expected in…
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The Global X Fintech ETF dropped 52% in 2022, above the broader financial sector's 12% drop and Nasdaq Composite Index's 33%, weighed down by interest rates (Peter Rudegeair/Wall Street Journal)
Peter Rudegeair / Wall Street Journal: The Global X Fintech ETF dropped 52% in 2022, above the broader financial sector’s…
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A look at three pieces of Indian government legislation planned in 2023 to regulate US tech giants, mixing EU antitrust rules with China-style surveillance (Megha Mandavia/Wall Street Journal)
Megha Mandavia / Wall Street Journal: A look at three pieces of Indian government legislation planned in 2023 to regulate…
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