Semafor: Sources: Elon Musk claimed xAI was worth $20B, as he was trying to recruit top AI talent and offering equity in his new startup — Elon Musk sought to recruit top AI talent to his new artificial intelligence company with equity in the venture he claimed was already worth tens of billions of dollars … Lees verder op Tech Meme
Hayden Field / CNBC: Sensor Tower: from July 8 to July 11 and 12, Threads DAUs fell ~20% and time spent fell 50% to 10 minutes; Similarweb: Android DAUs fell 25%+ from July 7 to 10 — – Facebook’s Twitter-killer, Threads, has seen drops in daily active users and time spent on app since the weekend, according to SensorTower and SimilarWeb. Lees verder op Tech Meme
Ivan Mehta / TechCrunch: Meta confirms taking “additional steps” to prevent EU-based users from accessing Instagram’s Threads; users report no longer being able to use Threads via a VPN — After multiple EU-based users complained about not being able to access Instagram’s Threads app through VPN, Meta confirmed that it is blocking such efforts. Lees verder op Tech Meme
Bloomberg: Sources: Dutch export control rules will bar ASML from maintaining, repairing, and providing spare parts for controlled equipment without government approval — – ASML will be limited in repairing restricted machines in China — China’s production capabilities and capacity to be affected Lees verder op Tech Meme
Wall Street Journal: Source: Binance has fired over 1,000 people in recent weeks; the cuts are global, ongoing, and could result in the company losing more than a third of its staff — Crypto exchange reduces workforce as Justice Department investigation continues — Binance, the giant crypto exchange … Lees verder op Tech Meme
Salvador Rodriguez / Wall Street Journal: Meta insiders detail a return to “OG Mark” and how staff secretly toiled away to determine how to create a Twitter-like service that fit with the company’s apps — Staffers toiled for months to create a Twitter-like service that would fit with existing apps Lees verder op Tech Meme
Sarah Perez / TechCrunch: Twitter aims to reduce DM spam with a setting that moves messages from Blue users you don’t follow back to the Message Request inbox instead of the main inbox — As Twitter fends off new competition from Instagram Threads, the company today announced a change designed to cut down on spam in users’ inboxes. Lees verder op Tech Meme
Ingrid Lunden / TechCrunch: Oslo-based online game-based learning service Kahoot plans to go private in an all-cash private equity deal, led by Goldman Sachs, valuing the startup at $1.7B — Big moves ahead for Kahoot, the Oslo startup that’s built a popular platform for users to create, share and play education-focused … Lees verder op Tech Meme
Kyle Wiggers / TechCrunch: Meta unveils CM3leon, an image generation transformer model requiring five times less compute and a smaller training dataset than past transformer-based methods — Over the past two years, AI-powered image generators have become commodified, more or less, thanks to the widespread availability of … Lees verder op Tech Meme
Taylan Bilgic / Bloomberg: Turkey’s top court upholds a law restricting companies’ ad spend and customer data use if their sales exceed given limits, in a blow to Alibaba’s Trendyol unit — Turkey’s top court upheld a law tightening regulation on e-commerce companies in a blow to Trendyol, the market-leading firm backed … Lees verder op Tech Meme