Month: January 2023
What’s Next for Genesis Creditors? It Depends on What’s in the Bankruptcy Filing
Eric Snyder, partner at Wilk Auslander LLP, says that a substantial amount of haircuts are likely to be made, but that depends on the petition Genesis’ trio of companies filed.
Light pollution is even worse than satellites show us
A long exposure photo shows stars in the night sky over the Santa Ruins in Trabzon, Turkey, on January 20th, 2023. | Image: Hakan Burak Altunoz/Anadolu Agency via Getty Images The brightness of the night sky has risen by an average of 10 percent each year, according to new research. That’s a significantly higher number … Read more
GM, please build the baby EV pickup of my dreams
In an industry obsessed with making everything huge (at least here in the U.S.), you may not’ve expected GM to show interest in an electric baby pickup, but here we are. GM is considering a pickup design that’s “smaller than the Ford Maverick and the Hyundai Santa Cruz,” with a “low roofline” and a 4 … Read more
While layoffs keep coming, so far Apple has steered clear
On Wednesday, Microsoft announced it was laying off 10,000 people. Alphabet added to the misery with another 12,000 this morning. We’ve previously seen 18,000 job cuts at Amazon and another 11,000 at Meta. You could also throw in Salesforce, which slashed 7,000 jobs at the beginning of the month. You’ll notice one company is conspicuously … Read more
4 investors discuss the next big wave for alternative seafood startups
Though investment in food technology has slowed in line with the rest of the venture capital world, the industry recently achieved some milestones that suggest the sector and the government are moving into alignment. In fact, some investors feel that 2023 will be the year when alternative seafood companies and products make notable strides. More … Read more
Crypto Biz: SBF’s newest Excel spreadsheet reveals all
FTX’s debtors are applying “Herculean” effort to unearth the exchange’s remaining assets. Meanwhile, Sam Bankman-Fried claims FTX US is solvent.
Opinion: Digital Currency Group’s implosion marks a bottom in trust for the market
Genesis, a subsidiary of Barry Silbert’s Digital Currency Group, filed for Chapter 11 bankruptcy on Jan. 19. Its default could have big implications for the crypto industry.
SEC Sues Eisenberg for Draining Mango Markets, Alleges MNGO a Security
It’s the latest case to emerge from Avraham Eisenberg’s “highly profitable trading strategy.”
SEC charges Mango Markets exploiter for allegedly stealing $116M in crypto
The SEC has accused Avraham Eisenberg of manipulating the Mango Markets platform by manipulating the MNGO token, which the company allegedly sold as a security.
Nintendo reportedly projects Switch sales are going up in 2023
Illustration by Alex Castro / The Verge Nintendo is planning to increase production of the Switch for the upcoming fiscal year beginning in March, according to a Bloomberg report citing anonymous sources. The news arrives on the same weekend as the company’s first big release in 2023, Fire Emblem Engage, and ahead of the long-anticipated … Read more
Bad Vibes from the Word ‘Crypto’ Have Some Calling for a Rebrand
Money-making associations with cryptocurrencies misrepresent them as just currencies and fail to acknowledge the diverse applications of the technology.
CNET pauses publishing AI-written stories after disclosure controversy
Illustration by Alex Castro / The Verge CNET will pause publication of stories generated using artificial intelligence “for now,” the site’s leadership told employees on a staff call Friday. The call, which lasted under an hour, was held a week after CNET came under fire for its use of AI tools on stories and one … Read more
GoodOnes raises to help make sense of your mess of a camera roll
You know what it’s like – you’ve been on vacation and you’ve taken twenty-eight million photos, and you just want to select the best 12 so you can make a calendar. Ain’t nobody got time for that – and that’s what GoodOnes is here to help you with. The app is in early access mode … Read more
Microsoft joined the layoff parade. Did it really have to?
When Microsoft announced this week that it was laying off 10,000 employees, it wasn’t exactly a shock. Other big companies, including Salesforce, Amazon and Meta, have already been down that road, and the news leaked far and wide before the official announcement on Wednesday. Alphabet joined in today, announcing another 12,000 job cuts. Like these other … Read more
Price analysis 1/20: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, DOT, LTC, AVAX
Bitcoin and altcoins appear to have shaken off the Genesis bankruptcy news by bouncing off their immediate support levels and rallying higher.
Tweetbot. April 2011 – January 2023
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Netflix says it’s open to adding free streaming ‘FAST’ channels to grow its ads business
Netflix reported its Q4 2022 financial results yesterday, topping 230 million global subscribers, up from 223.09 million, thanks to the addition of 7.7 million subs. During the earnings call, Netflix co-CEO Sarandos said the company is “keeping an eye” on a free ad-supported TV (FAST) option, a move that many media companies are considering as … Read more
Why international DFIs are looking to African startups to scale impact investing efforts
Even as VC funding dries up across the world, development finance institutions (DFIs) from Europe are looking to African startups to deploy their dry powder. British International Investment (BII), a DFI from the UK, told TechCrunch recently that it will deploy $500 million into startups by the end of 2026, and half of that amount … Read more
GameFi needs a wider choice of products to take off, Animoca Brands CEO says
A wider choice of quality games is what is needed for bringing the masses into GameFi, according to Robby Yung, CEO of Animoca Brands.
How CCC Intelligent Solutions created a custom approach for hosting complex AI models using Amazon SageMaker
This post is co-written by Christopher Diaz, Sam Kinard, Jaime Hidalgo and Daniel Suarez from CCC Intelligent Solutions. In this post, we discuss how CCC Intelligent Solutions (CCC) combined Amazon SageMaker with other AWS services to create a custom solution capable of hosting the types of complex artificial intelligence (AI) models envisioned. CCC is a … Read more
TechCrunch+ roundup: 2023 unicorn slump, global VC slowdown, email marketing 101
Due to a phenomenon called semantic satiation, if you repeat a word or phrase too frequently, it can sometimes lose all meaning. That’s what happened to “unicorn:” We wore it out like a pair of sneakers that leak in the rain but are too comfortable to part with. In fact, most of the startups in … Read more