Bloomberg

Coinbase says it is "temporarily pausing" conversions of USDC into USD during the weekend; USDC traded at ~$0.90 as investors reacted to Circle's SVB exposure (Bloomberg)

March 11, 2023

[ad_1] Bloomberg: Coinbase says it is “temporarily pausing” conversions of USDC into USD during the weekend; USDC traded at ~$0.90…

Researchers call for transparency on AI tools' carbon footprint; training GPT-3 took an estimated 1.287 GWh of electricity, or what ~120 US homes use in a year (Bloomberg)

March 10, 2023

[ad_1] Bloomberg: Researchers call for transparency on AI tools’ carbon footprint; training GPT-3 took an estimated 1.287 GWh of electricity,…

Sources: Uber is exploring whether to spin off its Uber Freight logistics arm to focus on its growing ride hailing and food delivery units (Bloomberg)

March 8, 2023

[ad_1] Bloomberg: Sources: Uber is exploring whether to spin off its Uber Freight logistics arm to focus on its growing…

Letter: the Netherlands plans new restrictions on exports of advanced chipmaking machines amid US pressure to limit China's access to semiconductor technology (Bloomberg)

March 8, 2023

[ad_1] Bloomberg: Letter: the Netherlands plans new restrictions on exports of advanced chipmaking machines amid US pressure to limit China’s…

Sources: after postponing construction at the end of 2022, Intel seeks an extra €4B-€5B from Germany to build its chip plant, taking the expected cost to ~€30B (Bloomberg)

March 8, 2023

[ad_1] Bloomberg: Sources: after postponing construction at the end of 2022, Intel seeks an extra €4B-€5B from Germany to build…

Source: Silvergate is in talks with FDIC officials about ways to avoid a shutdown, including lining up crypto-industry investors to help shore up its liquidity (Bloomberg)

March 7, 2023

[ad_1] Bloomberg: Source: Silvergate is in talks with FDIC officials about ways to avoid a shutdown, including lining up crypto-industry…

South Korea's trade minister says the US CHIPS Act has many preconditions for companies to receive incentive funds and compliance will take much time and effort (Bloomberg)

March 7, 2023

[ad_1] Bloomberg: South Korea’s trade minister says the US CHIPS Act has many preconditions for companies to receive incentive funds…

Sources: Meta plans to cut thousands of jobs as soon as this week, after it eliminated 13%, or 11,000 jobs in November 2023 in its first major layoff (Bloomberg)

March 7, 2023

[ad_1] Bloomberg: Sources: Meta plans to cut thousands of jobs as soon as this week, after it eliminated 13%, or…

Sources: Stable Diffusion creator Stability AI seeks to raise money at around a $4B valuation after raising a $101M seed at a ~$1B valuation in October 2022 (Bloomberg)

March 3, 2023

[ad_1] Bloomberg: Sources: Stable Diffusion creator Stability AI seeks to raise money at around a $4B valuation after raising a…

Sources: Foxconn plans to invest ~$700M on a new plant to make iPhone parts on a 300-acre site in Bengaluru, India; the plant is expected to create 100K jobs (Bloomberg)

March 3, 2023

[ad_1] Bloomberg: Sources: Foxconn plans to invest ~$700M on a new plant to make iPhone parts on a 300-acre site…