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In a Twitter Space, Elon Musk says he expects Twitter to “be okay” next year after cost cutting, claiming the company was on course to spend ~$5B in 2023 (Hannah Murphy/Financial Times)

Hannah Murphy / Financial Times: In a Twitter Space, Elon Musk says he expects Twitter to “be okay” next year after cost cutting, claiming the company was on course to spend ~$5B in 2023  —  Social network’s owner offers snapshot of dire finances to explain huge lay-offs since $44bn takeover

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Okta tells customers its GitHub repositories were hacked this month and its source code was stolen, but says hackers did not access service or customer data (Ax Sharma/BleepingComputer)

Ax Sharma / BleepingComputer: Okta tells customers its GitHub repositories were hacked this month and its source code was stolen, but says hackers did not access service or customer data  —  Okta, a leading provider of authentication services and Identity and Access Management (IAM) solutions, says that its private GitHub …

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Dealroom: the UK’s tech sector hit a combined $1T market valuation in 2022, doubling since 2019, compared to Germany’s $467.2B and France’s $307.5B (Daniel Lanyon/AltFi)

Daniel Lanyon / AltFi: Dealroom: the UK’s tech sector hit a combined $1T market valuation in 2022, doubling since 2019, compared to Germany’s $467.2B and France’s $307.5B  —  According to a report from Dealroom and the UK government, the UK has more high-growth companies than European peers includin 144 ‘unicorns’ and over 85,000 startups and

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Sources: Sam Bankman-Fried’s legal team is discussing a post-extradition deal with the DOJ to let him be released on bail, subject to approval from a judge (New York Times)

New York Times: Sources: Sam Bankman-Fried’s legal team is discussing a post-extradition deal with the DOJ to let him be released on bail, subject to approval from a judge  —  Lawyers for the FTX founder are in talks about a deal that could allow him to be released on bail when he is extradited to

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A look at the Australian Securities Exchange’s blockchain project, abandoned in November 2022, to replace its combined trading, clearing, and settlement system (Byron Kaye/Reuters)

Byron Kaye / Reuters: A look at the Australian Securities Exchange’s blockchain project, abandoned in November 2022, to replace its combined trading, clearing, and settlement system  —  In a Sydney hotel conference room in May, Tim Hogben, the head of securities and payments for ASX Ltd , which runs the Australian stock exchange …

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Bengaluru-based BetterPlace, which offers a SaaS for blue-collar workforce management, raised a $40M Series C extension, bringing its total funding to ~$80M (Vibhuti Sharma/DealStreetAsia)

Vibhuti Sharma / DealStreetAsia: Bengaluru-based BetterPlace, which offers a SaaS for blue-collar workforce management, raised a $40M Series C extension, bringing its total funding to ~$80M  —  BetterPlace, a SaaS platform for workforce management, said on Tuesday that it has raised $40 million as part of an extended Series C round …

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Mark Zuckerberg testified in federal court about Meta’s acquisition of Within, as the FTC’s highly unusual challenge seeks an injunction to stop the deal (New York Times)

New York Times: Mark Zuckerberg testified in federal court about Meta’s acquisition of Within, as the FTC’s highly unusual challenge seeks an injunction to stop the deal  —  Meta’s chief executive made a rare court appearance as the Federal Trade Commission tries to block his company’s purchase of the virtual reality start-up Within.

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Source: Publicly-traded US bitcoin miner Core Scientific is filing for Chapter 11 bankruptcy on Wednesday, as its valuation fell from $4.3B in July 2021 to $78M (MacKenzie Sigalos/CNBC)

MacKenzie Sigalos / CNBC: Source: Publicly-traded US bitcoin miner Core Scientific is filing for Chapter 11 bankruptcy on Wednesday, as its valuation fell from $4.3B in July 2021 to $78M  —  – Core Scientific, one of the largest publicly traded crypto mining companies in the U.S., is filing for bankruptcy.

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The Gallium Nitride Revolution

[Asianometry] has been learning about gallium nitride semiconductors and shares what he knows in an informative video you can see below. This semiconductor material has a much higher bandgap voltage than the more common silicon. This makes it useful for applications that need higher efficiency and less heating. The original use of the material was

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Donie O’Sullivan, Drew Harwell, and other journalists remain locked out of their Twitter accounts despite suspensions lifted, many until they delete tweets (Micah Lee/The Intercept)

Micah Lee / The Intercept: Donie O’Sullivan, Drew Harwell, and other journalists remain locked out of their Twitter accounts despite suspensions lifted, many until they delete tweets  —  I’ve been writing critically about billionaire Elon Musk since he took over Twitter — particularly about his “free speech” hypocrisy and his censorship of left-wing accounts.

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Tata Digital-owned Indian e-grocer BigBasket raised $200M from Tata Digital and others at a $3.2B valuation, up from $2.7B in March in a secondary share sale (The Economic Times)

The Economic Times: Tata Digital-owned Indian e-grocer BigBasket raised $200M from Tata Digital and others at a $3.2B valuation, up from $2.7B in March in a secondary share sale  —  CEO Hari Menon outlines quick commerce expansion, bringing 1mg on its app .  The funding takes e-grocer’s valuation to $3.2 billion.

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Geohot resigns from Twitter

George Hotz is moving on from his Twitter internship. | Photo by Michael Zelenko / The Verge George Hotz, known for being the first person to carrier-unlock an iPhone and jailbreaking the PS3, both under his hacker alias “geohot,” has resigned from his Twitter internship, he announced Tuesday evening on Twitter. “Appreciate the opportunity, but

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