Journals

Ryan Weeks / Bloomberg: In one of the most notable developments under its new CEO Richard Teng, Binance spun out Binance Labs, its $10B venture capital arm, earlier this year  —  – Investment arm is now independent from the trading… Read More »In one of the most notable developments under its new CEO Richard Teng, Binance spun out Binance Labs, its $10B venture capital arm, earlier this year (Ryan Weeks/Bloomberg)

Bloomberg: Sources: China quietly asks EV makers like BYD and Geely to sharply increase their purchases from local chipmakers, to reduce reliance on Western imports  —  – Directive could hurt Nvidia, NXP and other EV chip suppliers  — Order is… Read More »Sources: China quietly asks EV makers like BYD and Geely to sharply increase their purchases from local chipmakers, to reduce reliance on Western imports (Bloomberg)

Wired: A deep dive into Reddit’s history and the power of its 60K+ unpaid moderators, based on interviews with 60+ current and former mods, employees, and contractors  —  An army of more than 60,000 unpaid moderators has unprecedented power over… Read More »A deep dive into Reddit’s history and the power of its 60K+ unpaid moderators, based on interviews with 60+ current and former mods, employees, and contractors (Wired)

David Wethe / Bloomberg: Oil companies are increasingly using AI and remote operations to drill faster, suggest better ways to frack, and predict when active well pumps will fail  —  – Companies use AI to run drill rigs and predict… Read More »Oil companies are increasingly using AI and remote operations to drill faster, suggest better ways to frack, and predict when active well pumps will fail (David Wethe/Bloomberg)

Melissa Rohman / New York Times: How Facebook Marketplace keeps Gen Z users coming back to the Facebook app, which they see not as a place to socialize but as a place to score some deals  —  For a generation… Read More »How Facebook Marketplace keeps Gen Z users coming back to the Facebook app, which they see not as a place to socialize but as a place to score some deals (Melissa Rohman/New York Times)

Annie Palmer / CNBC: How Amazon refund fraud gangs, which promote their schemes on Reddit, TikTok, and Telegram, are exploiting lenient refund policies at the company  —  – Refund fraud groups, organized like businesses, are exploiting lenient refund policies, robbing… Read More »How Amazon refund fraud gangs, which promote their schemes on Reddit, TikTok, and Telegram, are exploiting lenient refund policies at the company (Annie Palmer/CNBC)

Dan Goodin / Ars Technica: Researchers detail a side channel that can be used to read encrypted responses from AI assistants, except Google Gemini; OpenAI and Cloudflare implemented fixes  —  All non-Google chat GPTs affected by side channel that leaks… Read More »Researchers detail a side channel that can be used to read encrypted responses from AI assistants, except Google Gemini; OpenAI and Cloudflare implemented fixes (Dan Goodin/Ars Technica)

Danny Nelson / CoinDesk: El Salvador moved ~$400M worth, or “a big chunk”, of its bitcoin into a cold wallet this week; public trackers had estimated El Salvador’s trove at under $205M  —  The Central American nation moved $400 million… Read More »El Salvador moved ~$400M worth, or “a big chunk”, of its bitcoin into a cold wallet this week; public trackers had estimated El Salvador’s trove at under $205M (Danny Nelson/CoinDesk)

The Economic Times: Bethesda, Maryland-based HiLabs, whose AI-powered tools provide clean data for health care organizations, raised a $39M Series B led by Eight Roads and Denali  —  Established in 2014, HiLabs offers MCheck, a cloud-based platform designed specifically for… Read More »Bethesda, Maryland-based HiLabs, whose AI-powered tools provide clean data for health care organizations, raised a $39M Series B led by Eight Roads and Denali (The Economic Times)

New York Times: Taiwan is building its own satellite internet network, as China’s threats, Ukraine war, and Elon Musk’s total control over Starlink make Taiwan’s leaders wary  —  The island democracy urgently needs an internet backup.  Mr. Musk’s total control… Read More »Taiwan is building its own satellite internet network, as China’s threats, Ukraine war, and Elon Musk’s total control over Starlink make Taiwan’s leaders wary (New York Times)