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Financial Intelligence Unit India (FIU IND) issues compliance Show Cause Notices to nine offshore Virtual Digital Assets Service Providers (VDA SPs) (Press Information Bureau)

Press Information Bureau: Financial Intelligence Unit India (FIU IND) issues compliance Show Cause Notices to nine offshore Virtual Digital Assets Service Providers (VDA SPs)  —  FIU IND writes to Ministry of Electronics and Information Technology to block URLs of the nine entities operating illegally without complying with the provisions of PML Act in India

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Huawei says its full-year sales for 2023 would be more than $99B, up 9% YoY but down 20% from 2020 peak; Chairman Ken Hu says “we’re pretty much back on track” (Edward White/Financial Times)

Edward White / Financial Times: Huawei says its full-year sales for 2023 would be more than $99B, up 9% YoY but down 20% from 2020 peak; Chairman Ken Hu says “we’re pretty much back on track”  —  Sanctions-hit telecoms group records highest revenues in three years but still below 2020 levels

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Microsoft’s AI Image Creator, part of Bing and Paint, can generate realistic, violent images; Microsoft says some use the tech “in ways that were not intended” (Geoffrey A. Fowler/Washington Post)

Geoffrey A. Fowler / Washington Post: Microsoft’s AI Image Creator, part of Bing and Paint, can generate realistic, violent images; Microsoft says some use the tech “in ways that were not intended”  —  The AI Image Creator, part of Microsoft’s Bing and Windows Paint, makes extremely violent images of Joe Biden, the pope and others.

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LG debuts new Gram and Gram Pro laptops ahead of CES 2024; the processors in the Pro lineup include Intel’s AI Boost NPU hardware for on-device AI tasks (Amrita Khalid/The Verge)

Amrita Khalid / The Verge: LG debuts new Gram and Gram Pro laptops ahead of CES 2024; the processors in the Pro lineup include Intel’s AI Boost NPU hardware for on-device AI tasks  —  If you’re in the market for OLED displays and better graphics, take a look at the 2024 LG Gram Pro lineup.

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Margrethe Vestager says AI Act will “not harm innovation and research, but actually enhance it” as it “creates predictability and legal certainty in the market” (Javier Espinoza/Financial Times)

Javier Espinoza / Financial Times: Margrethe Vestager says AI Act will “not harm innovation and research, but actually enhance it” as it “creates predictability and legal certainty in the market”  —  Margrethe Vestager argues landmark legislation will give ‘legal certainty’ to tech groups building AI models

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Your Home Mainframe

We miss the days when computers looked like computers. You know, blinking lights, rows of switches, and cryptic displays. [Phil Tipping] must miss those days too since he built PlasMa, a “mini-mainframe simulator.” The device would look at home on the set of any old science fiction movie. Externally, it has 540 LEDs, 100 switches,

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Q&A with Hinge founder and CEO Justin McLeod on selling the startup to Match Group, AI’s potential, making the app less addictive, expanding to Europe, and more (Cristina Criddle/Financial Times)

Cristina Criddle / Financial Times: Q&A with Hinge founder and CEO Justin McLeod on selling the startup to Match Group, AI’s potential, making the app less addictive, expanding to Europe, and more  —  The founder of Hinge says that capturing as much ‘signal’ as possible from users is the key to successful matches

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Microsoft’s AI Image Creator, part of Bing and Paint, can generate realistic, violent images; Microsoft says some use the tech “in ways that were not intended” (Geoffrey A. Fowler/Washington Post)

Geoffrey A. Fowler / Washington Post: Microsoft’s AI Image Creator, part of Bing and Paint, can generate realistic, violent images; Microsoft says some use the tech “in ways that were not intended”  —  The AI Image Creator, part of Microsoft’s Bing and Windows Paint, makes extremely violent images of Joe Biden, the pope and others.

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A US judge sides with the SEC, ruling that Terraform broke the law by not registering four cryptocurrencies, but dismisses the SEC’s security-based swap claims (Reuters)

Reuters: A US judge sides with the SEC, ruling that Terraform broke the law by not registering four cryptocurrencies, but dismisses the SEC’s security-based swap claims  —  A federal judge on Thursday ruled in favor of the U.S. Securities and Exchange Commission on claims that Terraform Labs …

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A US judge rejects X’s bid to block California’s AB 587, which seeks to control toxic social media posts by requiring companies to disclose moderation policies (Bloomberg)

Bloomberg: A US judge rejects X’s bid to block California’s AB 587, which seeks to control toxic social media posts by requiring companies to disclose moderation policies  —  – Measure seeks to control toxic posts on social media platforms  — Company alleged state is trying to censor controversial speech

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Filing: FirstCry, India’s biggest e-commerce platform for mother and baby products, aims to raise $218M in its IPO; source: the startup wants a ~$4B valuation (Manish Singh/TechCrunch)

Manish Singh / TechCrunch: Filing: FirstCry, India’s biggest e-commerce platform for mother and baby products, aims to raise $218M in its IPO; source: the startup wants a ~$4B valuation  —  FirstCry, India’s biggest e-commerce platform for mother and baby products, is aiming to raise $218 million through the sale …

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Vitalik Buterin proposes requiring only 8,192 validator signatures per slot, down from 28K per slot, to make Ethereum’s proof-of-stake “simpler and lighter” (Martin Young/Cointelegraph)

Martin Young / Cointelegraph: Vitalik Buterin proposes requiring only 8,192 validator signatures per slot, down from 28K per slot, to make Ethereum’s proof-of-stake “simpler and lighter”  —  The Ethereum co-founder suggested reducing validator signatures to lighten the load and make predicting future loads more accurate.

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The New York Times’ lawsuit against OpenAI and Microsoft relies on a false belief that copyright can limit the right to read and process data (Mike Masnick/Techdirt)

Mike Masnick / Techdirt: The New York Times’ lawsuit against OpenAI and Microsoft relies on a false belief that copyright can limit the right to read and process data  —  This week the NY Times somehow broke the story of… well, the NY Times suing OpenAI and Microsoft.  I wonder who tipped them off.

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