Andreessen Horowitz, a $35 billion US VC firm, will open its first international office in London, led by general partner Sriram Krishnan. The office will promote crypto, blockchain, and web3 startups. a16z invested $7.6 billion in crypto startups worldwide. “London is a major financial hub, a major tech hub, and …
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Meta released an open-source AI-powered music generator to compete with Google. Meta’s MusicGen tool, a demo of which can be found here, can convert a text description (e.g., “An ’80s driving pop song with heavy drums and synth pads in the background”) into about 12 seconds of audio. MusicGen can …
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The most popular VTubers, online personalities who use motion-capture-powered manga- and anime-inspired avatars to interact with the world alongside games, over YouTube, and elsewhere, have hundreds of millions of hours of viewership per month, loyal fan bases, lucrative sponsorships, and demand for more. Big tech appears to be taking notice. …
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Hong Kong is regulating stablecoins while the West debates how to regulate them. According to local media, the Hong Kong Monetary Authority (HKMA) is seeking public feedback on stablecoins and plans to introduce a regulatory framework by 2024. After TerraUSD (UST) and FTX collapsed, the U.S. government toughened its stance …
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Reddit’s controversial API pricing change that’s driving third-party apps out of business has taken a strange turn. In an AMA today, Reddit co-founder and CEO Steve Huffman, aka u/spez, doubled down on accusations against the developer of the popular third-party app Apollo, which the company had previously accused of operating …
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Tiki, a short-form video app, will shut down in India on June 27. “Tiki is closing. “Tiki functions and services will cease at 11.59 PM India time, June 27, 2023,” Tiki wrote. Tiki, which featured original and local videos, had 35 million monthly active users in India, its only market, …
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Innovius Capital and Threshold Ventures led CloudZero’s $32 million Series B funding round. CEO Erik Peterson says the tranche will expand CloudZero’s platform and scale its go-to-market efforts, focusing on savings insights and self-service analytics. “The pandemic accelerated digital transformation for many companies, which increased software development and spend in …
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Prime minister Rishi Sunak announced at London Tech Week that OpenAI, Google DeepMind, and Anthropic will provide “early or priority access” to their AI models to support evaluation and safety research. After several AI giants warned about the existential and even extinction-level risks of unregulated AI, Sunak became more interested …
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On Monday, South Korean prosecutors accused a former Samsung Electronics executive of stealing semiconductor data to build a Chinese copycat chip facility. The 65-year-old former SK Hynix employee was arrested. From 2018 to 2019, he violated industrial technology protection laws and stole trade secrets to build a copy of Samsung’s …
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Barracuda Networks advised customers to replace vulnerable email gateway appliances following a critical security flaw. As it battles a zero-day flaw exploited by hackers since October, the security, networking, and storage company is providing unusual guidance. Hackers are using CVE-2023-2868, a critical vulnerability, to install “Saltwater” and “SeaSpy” malware on …
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