Binance Is Cutting Staff in Some Units
Binance said it has grown to nearly 8,000 employees and that it will still seek to hire hundreds of new employees as it makes cuts across the organization.
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Recent Editions
Cloud Startup CoreWeave Raises Another $200 Million
The financing comes one month after CoreWeave raised $221 million.
Twilio Shares Gain After Report on Meetings with Activist
Twilio’s supervoting protection expires in less than a month, potentially opening it up to more pressure from stockholders.
Scientists Warn of ‘Extinction’ From AI
Prominent artificial intelligence researchers have signed onto a joint statement drawing attention to the dangers of runaway AI.
Ex-Coinbase Product Manager, Brother Settle SEC Insider Trading Case
Ishan and Nikhil Wahi have already pled guilty to criminal charges related to the crypto trading scheme.
Elon Musk Talks Tesla at Diplomatic Meeting in Beijing
Musk met with Chinese Foreign Minister Qin Gang.
Twitter Stopped Paying Cloud Bill Before DeSantis Glitch
The events provide a window into Elon Musk's deep cost-cutting, which has inspired some tech CEOs to take a tougher look at their expenses.
Nvidia Unveils New Supercomputer for its Largest Customers
Nvidia founder and CEO Jensen Huang unveiled a powerful new supercomputer for building large language models but also sees AI as a democratizing force.
Chime’s Revenue Grew 27% in Q1
Chime's growth slowed from pandemic-era peaks after government stimulus checks dried up.
TPG, Francisco Partners Scrap New Relic Buyout Talks
The private equity firms struggled to land debt financing needed for the deal.
Temu Takes on Heavy Losses to Win U.S. Customers
A Wired analysis found the e-commerce site loses an average of $30 on each order.
Sam Altman Says OpenAI Will Not Leave Europe
Altman previously implied that new EU regulations could force OpenAI to consider shutting down in Europe.
Shopify Nominates Bret Taylor For Board Seat
Taylor was most recently the co-CEO of Salesforce and chairman of the board at Twitter.
Tesla Whistleblower Leaks 100 Gb of Data to German News Outlet
The leak includes thousands of customer complaints about Tesla’s Autopilot technology.
Neuralink Wins Regulatory Approval for First Human Trial
Neuralink is developing a brain implant that communicates with computers.
Barry Silbert’s DCG Shutting TradeBlock Subsidiary
DCG cited the state of the economy and the regulatory environment as reasons for the closure.
Twitter Engineering Director Dabiri Resigns
He was one of the few engineering leaders left at Twitter with a high-level role overseeing engineering managers.
Venture Firm Paradigm Broadens Focus Amid Crypto Winter
The crypto venture capital firm was launched in 2018 by Coinbase co-founder Fred Ehrsam and former Sequoia partner Matt Huang.
JPMorgan to Cut About 1,000 First Republic Workers
The cuts will affect roughly 15% of First Republic's workforce.
Michael Arrington-Backed Fahrenheit LLC Wins Bid to Buy Bankrupt Celsius
The new company will focus on bitcoin mining, staking services and lending products.
Weekday mornings
The Information AM by The Information Staff
Start your morning with the important global tech news of the day, covered by The Information team across five time zones.
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