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The Ripple ruling implies securities laws protect only sophisticated investors, the opposite of the US stock market’s rule, and seems likely to work out poorly (Matt Levine/Bloomberg)

Matt Levine / Bloomberg: The Ripple ruling implies securities laws protect only sophisticated investors, the opposite of the US stock market’s rule, and seems likely to work out poorly  —  Crypto tokens are securities unless you are anonymously dumping them on retail investors.

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Hands-on with Ernie 3.5, which Baidu claims is “slightly inferior” to GPT-4 in a comprehensive test but performs better when both were spoken to in Chinese (New York Times)

New York Times: Hands-on with Ernie 3.5, which Baidu claims is “slightly inferior” to GPT-4 in a comprehensive test but performs better when both were spoken to in Chinese  —  We spoke in Chinese to Baidu’s Ernie and the American standard-bearer, ChatGPT.  This is what we found.

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BYD’s $1 Billion Bet on India’s EV Future

BYD, the largest manufacturer of electric vehicles in China, has proposed investing $1 billion in India in order to produce electric vehicles and batteries there. Megha Engineering and Infrastructures of Hyderabad, India, and BYD have formed an electric vehicle (EV) joint venture. If the investment goes through, BYD will be able to increase its global

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Larry “Major Nelson” Hryb, Xbox’s senior director of corporate communications, is leaving Microsoft after 22 years to “work on the next chapter of my career” (Matt Wales/Eurogamer.net)

Matt Wales / Eurogamer.net: Larry “Major Nelson” Hryb, Xbox’s senior director of corporate communications, is leaving Microsoft after 22 years to “work on the next chapter of my career”  —  To “work on the next chapter of my career.”  —  Larry “Major Nelson” Hryb, long one of the most recognisable presences …

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BYD’s $1 Billion Bet on India’s EV Future

BYD, the largest manufacturer of electric vehicles in China, has proposed investing $1 billion in India in order to produce electric vehicles and batteries there. Megha Engineering and Infrastructures of Hyderabad, India, and BYD have formed an electric vehicle (EV) joint venture. If the investment goes through, BYD will be able to increase its global

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KPMG to Invest $2 Billion in Cloud and AI Services

KPMG, a worldwide leader in professional services, has formed a multi-year alliance with Microsoft to modernize its workforce practices, strengthen its development, and incorporate artificial intelligence (AI) solutions into its offerings. KPMG will invest $2 billion in Microsoft Cloud and AI services over the next five years as part of this partnership. KPMG and Microsoft

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Listening to Bats As They Search For Food

The range of human hearing goes up to about 20 kilohertz, which is fine for our purposes, but is pretty poor compared to plenty of other animal species. Dogs famously can hear up to about 60 kHz, and dolphins are known to distinguish sounds up to 100 kHz. But for extremely high frequencies we’ll want

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Source: Binance has fired over 1,000 people in recent weeks; the cuts are global, ongoing, and could result in the company losing more than a third of its staff (Wall Street Journal)

Wall Street Journal: Source: Binance has fired over 1,000 people in recent weeks; the cuts are global, ongoing, and could result in the company losing more than a third of its staff  —  Crypto exchange reduces workforce as Justice Department investigation continues  —  Binance, the giant crypto exchange …

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Sources: Dutch export control rules will bar ASML from maintaining, repairing, and providing spare parts for controlled equipment without government approval (Bloomberg)

Bloomberg: Sources: Dutch export control rules will bar ASML from maintaining, repairing, and providing spare parts for controlled equipment without government approval  —  – ASML will be limited in repairing restricted machines in China  — China’s production capabilities and capacity to be affected

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