Navigating Tech Industry Turmoil: Layoffs and Delays

Binance’s stablecoin seems to be dead, but with regulatory questions swirling around Paxos, I’m wondering if all stablecoins might about to see a rug pull. Tons of uncertainty swirling around the metaverse all the sudden. Can the metaverse still happen if all of its funding get pulled? And are all of these AI tools being rushed to market in embarrassing ways?

Sponsors:

• MeetFabric.com/ride
• RelationshipHero.com/techmeme

Links:

• Regulator Orders Crypto Firm Paxos to Stop Issuing Binance Stablecoin (WSJ)
• PayPal Pauses Stablecoin Work Amid Regulatory Scrutiny of Crypto (Bloomberg)
• Meta delays setting team budgets as it plans fresh round of job cuts (FT)
• Microsoft Kills Its Industrial Metaverse Team After 4 Months (The Information)
• AI-powered Bing Chat spills its secrets via prompt injection attack (ArsTechnica)
• Apple Reportedly Planning to Limit iPhone 15's USB-C Port in the Same Way as Lightning (MacRumors)

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