Tech Meme

Bloomberg: The Seoul High Court upholds an earlier decision clearing Samsung Executive Chairman Jay Y. Lee of fraud and stock-rigging, marking a major victory for Samsung  —  – Seoul court upholds Jay Y. Lee’s earlier victory on appeal  — The Samsung scion can now focus on turning around the firm Lees verder op Tech Meme

Bloomberg: AI adoption has outpaced PCs and the internet, but evidence of its boost to productivity is thin on the ground; a 2024 study shows 40% of US adults have used AI  —  For all the excitement, evidence of a boost to productivity is still thin on the ground  —  For investors in artificial intelligence … Lees verder op Tech Meme

Washington Post: Analysis of FEC filings: Elon Musk spent $288M+ to help elect Trump and other Republicans, the 2024 US election’s biggest donor; Musk’s America PAC raised $263M  —  Billionaire Elon Musk spent at least $288 million to help elect President Donald Trump and other Republican candidates … Lees verder op Tech Meme

Bloomberg: Sources: the European Commission and four member nations plan a probe into Shein over illegal products, opening the fast fashion marketplace to potential fines  —  The Chinese-founded massive online marketplace Shein faces potential fines with the European Union imminently set to open a probe … Lees verder op Tech Meme

Financial Times: The US’ largest companies, like Visa, United, Amazon, Apple, and Oracle, are cutting deals with Elon Musk’s businesses as he solidifies his power in government  —  Companies from Boeing to Amazon have sought out the world’s richest man as he seeks to remake US government Lees verder op Tech Meme

Byron Kaye / Reuters: Some mental health and extremism experts say Australia exempting YouTube from its under-16 social media ban exposes children to addictive and harmful content  —  Australia’s government carved out an exemption for YouTube when it passed laws banning social media access for children under 16 … Lees verder op Tech Meme

Monique Mulima / Bloomberg: MicroStrategy says it didn’t buy any bitcoin in the prior week, ending 12 consecutive weekly purchases worth $20B+ starting in October 2024, and holds ~$44.7B  —  The purchases had coincided with a record-breaking rally in the digital currency that had been driven in part by Donald Trump’s embrace … Lees verder op Tech Meme

Reuters: Chainalysis and others estimate $Trump had generated $86M to $100M in trading fees by January 30; its market cap, which passed $14.5B on January 19, is down 66%  —  Entities behind President Donald Trump’s crypto coin have accumulated close to $100 million in trading fees in less than two weeks … Lees verder op Tech Meme

Reuters: Chainalysis and others estimate $Trump had generated $86M to $100M in trading fees by January 30; its market cap, which hit $14.5B on January 19, is down 66%  —  Entities behind President Donald Trump’s crypto coin have accumulated close to $100 million in trading fees in less than two weeks … Lees verder op Tech Meme

Monique Mulima / Bloomberg: MicroStrategy says it didn’t buy any bitcoin in the prior week, ending a run of 12 consecutive weekly purchases worth $20B+ starting in October 2024  —  The purchases had coincided with a record-breaking rally in the digital currency that had been driven in part by Donald Trump’s embrace … Lees verder op Tech Meme