China’s SenseTime secured $512 million from cornerstone investors and relaunched its Hong Kong initial public offering, overcoming a last-minute ban on U.S. investors which could set a precedent for future Chinese startups going public. In the absence of the big U.S. financial institutions that typically buy into IPOs, the Chinese company instead lined up a string of large Chinese investors,...
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Twitter Used to Make Us Smarter
A handful of months into Twitter’s new management and it’s clear an era has ended. For the site’s power users, which include academics, journalists and lawmakers, the sudden changes in the social network’s policies, practices and culture have destroyed years of careful network building. What that will cost us in the future in terms of relationships never forged and...
OpenAI Temporarily Shuts Down ChatGPT After Privacy Bug Leaks Users’ Chat Histories
New Report to Australian Government Alleges ByteDance Poses Disinformation Threat
FTX Sues Liquidators of Bahamas Unit
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On a cosmic level, the collapse of Silicon Valley Bank was a mere blip. The murmurs about trouble began last Wednesday, the panic spread via group texts and Twitter threads on Thursday, the bank went under on Friday, the government got its act together on Saturday, and on Sunday every current and former customer of SVB could breathe a cautious sigh of relief.