Tech Meme

AI Snake Oil: What Biden’s EO means for AI openness, and why a compute threshold is unlikely to effectively anticipate individual models’ riskiness, but may work in aggregate  —  Good news on paper, but the devil is in the details  —  The Biden-Harris administration has issued an executive order on artificial intelligence. Lees verder op Tech Meme

Jason Schreier / Bloomberg: Sources: Bungie cut ~100 jobs after executives said the company’s revenue was 45% below projections for the year, citing a drop in Destiny 2’s popularity  —  – Sales at studio were running 45% below projections for year  — Layoffs are part of a bigger revamp at Sony PlayStation unit Lees verder op Tech Meme

Wall Street Journal: Sources: WeWork plans to file for Chapter 11 bankruptcy as early as next week; WE drops 40%+ after hours  —  Once a venture capital-backed star with an astronomical valuation, the flexible-office-space provider is now preparing for chapter 11 protection  —  WeWork is planning to file … Lees verder op Tech Meme

Kyle Wiggers / TechCrunch: DeepMind says its latest AlphaFold model can generate predictions for nearly all molecules in the Protein Data Bank and for ligands, nucleic acids, and more  —  Nearly five years ago, DeepMind, one of Google’s more prolific AI-centered research labs, debuted AlphaFold, an AI system … Lees verder op Tech Meme

Wall Street Journal: Sources: WeWork plans to file for Chapter 11 bankruptcy as early as next week; WE drops 37%+ after hours  —  Once a venture capital-backed star with an astronomical valuation, the flexible-office-space provider is now preparing for chapter 11 protection  —  WeWork is planning to file … Lees verder op Tech Meme

Yuvraj Malik / Reuters: Match Group reports Q3 revenue up 9% YoY to $882M, vs. $880.6M est., paying users down 5% YoY to 15.7M, and forecasts Q4 revenue below estimates; MTCH drops 6%+  —  Match Group (MTCH.O) on Tuesday forecast revenue for the fourth quarter below Wall Street estimates, anticipating continued weakness … Lees verder op Tech Meme

New York Times: On his final day of testimony, SBF denied knowing that billions of dollars in customer money had been misappropriated until shortly before FTX collapsed  —  The founder of the FTX crypto exchange was grilled by a federal prosecutor for a second day, just before both sides rested their case in the criminal fraud trial. Lees verder op Tech Meme

Heather Somerville / Wall Street Journal: Chinese lidar maker Hesai, which had a $192M US IPO in February 2023 and whose stock is down 55%+, pushes back against US national security and privacy concerns  —  Chinese lidar maker Hesai is fighting concerns about the technology that is crucial for next-generation vehicles and weapons Lees verder op Tech Meme

Tom Warren / The Verge: Microsoft releases a Windows 11 2023 Update that replaces Chat with Microsoft Teams (Free); big features like Copilot and AI-powered Paint arrived in September  —  Microsoft is releasing its Windows 11 2023 Update today, which was originally supposed to be one of the biggest updates to Windows 11. Lees verder op Tech Meme

Wall Street Journal: Sources: WeWork plans to file for Chapter 11 bankruptcy as early as next week  —  Once a venture capital-backed star with an astronomical valuation, the flexible-office-space provider is now preparing for chapter 11 protection  —  WeWork is planning to file for bankruptcy as early as next week … Lees verder op Tech Meme