Daily Crunch: US Law Enforcement Charges FTX Founder Sam Bankman-Fried with Fraud Following Arrest in the Bahamas and Extradition Proceedings

This text appears to be an article from TechCrunch, a technology news website. Here’s a rewritten version of the article with some minor edits for clarity and readability:

Daily Crunch

The Daily Crunch is a daily newsletter that provides a summary of the top tech news stories of the day.

Stories

• Apple has released its iOS 16.2 update, which includes improved encryption for iCloud data, Live Activities on the home screen, and a karaoke feature for Apple Music.
• Twitter will remove all legacy verifications in a few months, meaning that users who previously had the blue check mark will no longer have it.
• Uber’s food delivery business has settled with over 4,000 dismissed couriers in Spain and agreed to pay severance to those let go ahead of the country’s labor reform law.
• Microsoft will sunset its Soundscape 3D audio app but release the code in an open-source format for developers.

Startups

• Mark Cuban is ready to fund a TikTok alternative built on Bluesky’s AT Protocol, according to Sarah Perez of TechCrunch.
• A new report from data provider Crunchbase shows that venture capital firms invested $75 billion in Q4 2022, but it’s still hard for startups to raise money.

Venture Capital

• Despite the high investment numbers, many startups are struggling to raise funds. Marina Temkin writes about the challenges faced by startups in securing funding.
• Failed fintech startup Bench racked up over $65 million in debt before shutting down, according to documents obtained by Charles Rollet of TechCrunch.

Trending Stories

• Maxwell Zeff and Kyle Wiggers write about OpenAI’s AI reasoning model, which sometimes "thinks" in Chinese without explanation.
• Sarah Perez reports on Bluesky’s new photo-sharing app, Flashes.
• Zack Whittaker writes about an iPhone software update that fixed a zero-day security vulnerability.

Newsletters

You can subscribe to the Daily Crunch newsletter by clicking here. Use code "DC" for a 15% discount on an annual subscription.