Tech News

Report: Binance GC Han Ng, Chief Strategy Officer Patrick Hillmann, and compliance SVP Steven Christie are leaving Binance over CZ’s response to the DOJ’s probe (Nathan Crooks/The Block)

TikTok launches its subscription-only standalone music streaming service TikTok Music in Indonesia and Brazil, featuring UMG’s, WMG’s, and Sony Music’s catalogs (Aisha Malik/TechCrunch)

OpenAI releases its GPT-4 API in general availability, giving all paying developers access and planning to give new developers access by the end of July 2023 (Kyle Wiggers/TechCrunch)

The European Commission opens a full-scale investigation into Amazon’s $1.7B iRobot acquisition and will decide by November 15, 2023, whether to clear the deal (Foo Yun Chee/Reuters)

Twitter threatens to sue Meta over Threads, alleging Meta has “engaged in systematic, willful, and unlawful misappropriation of Twitter’s trade secrets” (Max Tani/Semafor)

A look at London-based VC firm Balderton’s new wellbeing program for founders, seeking to tackle the stress and burnout inherent to building a tech startup (Tim Bradshaw/Financial Times)

A profile of ex-FTX Chief Regulatory Officer Daniel Friedberg, who had a complex role at FTX that went far beyond legal advice and has no cooperation agreement (Bloomberg)

DigitalOcean agrees to acquire NY-based Paperspace, which offers cloud computing for AI models, for $111M in cash; Paperspace had raised $35M from YC and others (Kyle Wiggers/TechCrunch)

A test by the NY Fed and a group of banks on a private blockchain finds tokenized dollars can improve wholesale payments without “insuperable legal impediments” (Bloomberg)

Tokyo-based Telexistence, which develops AI-powered robotic arms for the retail and logistics industry, raised a $170M Series B from SoftBank and others (Kate Park/TechCrunch)

Sources: Google has delayed the release of its first fully customized chip for the Pixel by at least a year, after originally planning to introduce it in 2024 (Wayne Ma/The Information)

Banking app Clair, which helps employees get paid after finishing a shift, raised $25M led by Thrive Capital and $150M in debt from partner bank Pathward (Christine Hall/TechCrunch)