Thu. 06/08 – The Gloves Come Off In The Binance Case

Tech Brew Ride Home

Amalgamated Internets, LLC

News, Tech News, Technology

4.7 • 1K Ratings

🗓️ 8 June 2023

⏱️ 19 minutes

🔗️ Recording | iTunes | RSS

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Summary

So, the Binance case is already getting testy with some wild accusations flying in both directions. Twitch walks back some ad guidelines after only two days. WhatsApp is adding channels. Prime Video is probably about to add ads. Adobe will protect you from lawsuits if you use their AI tools. And how AI might have just extended Moore’s Law a bit. Sponsors: EarnIn App (type in techmeme under PODCAST when you sign up) Links: Binance lawyers allege SEC Chair Gensler offered to serve as advisor to crypto company in 2019 (CNBC) SEC says Binance and US affiliate redirected billions in customer assets to Zhao's funds (The Block) Twitch walks back controversial ad rules policy (The Verge) WhatsApp’s new Channels feature brings social media to your messaging app (The Verge) Amazon Plans Ad Tier for Prime Video Streaming Service (WSJ) Adobe is so confident its Firefly generative AI won’t breach copyright that it’ll cover your legal bills (Fast Company) Google claims that Bard is improving at math and programming (TechCrunch) Google DeepMind’s game-playing AI just found another way to make code faster (MIT Technology Review) Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome to the Tech Mem Right Home for Thursday, June 8th, 2023 I'm Brian McCullough today.
0:08.8	So the Binance case is already getting testy with some wild accusations flying in both directions.
0:14.4	Twitch walks back some ad guidelines after only two days.
0:18.3	What's app is adding channels.
0:20.0	Prime video is probably about to add ads.
0:22.2	Adobe will protect you from lawsuits if you use their AI tools
0:25.3	and how AI might have just extended Moore's Law a bit.
0:29.1	Here's what you miss today in the world of tech.
0:39.3	Yikes, the gloves are coming off already in the binance legal fight. According to court filings, Binance's lawyers are alleging SEC chair Gary Gensler offered to be an advisor
0:46.4	to Binance back in March of 2019 when he was still teaching at MIT Sloan, quoting
0:52.4	CNBC. Documents filed by the SEC on MIT Sloan, quoting CNBC.
0:53.0	Documents filed by the SEC on Wednesday indicate that attorneys from Gibson Dunn and Latham
0:58.2	and Watkins, two of Binance's law firms, alleged that Gensler offered to serve as an advisor to the
1:03.2	crypto exchange in several March 2019 conversations with finance
1:07.2	executives and founder Changpeng Jao. He eventually met Jao in Japan for lunch later that month the filing claims.
1:15.5	At the time, Gensler was teaching at Massachusetts Institute of Technology Sloane School of Management.
1:20.7	He was appointed head of the SEC in 2021 by President Biden and over the past year has come down hard on the crypto industry suing
1:27.7	numerous companies for allegedly selling unregistered securities.
1:31.0	Before Gensler started going after Bienance, he was trying to
1:34.3	cozy up to the company, the lawyers say. The Wall Street Journal previously
1:37.7	reported on Genslers and Bienance's relationship citing internal
1:41.5	Bienz messages and a person close to the
	...

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