Tech Meme

New York Times: How Chinese e-commerce companies like Pinduoduo pushing to lower prices are making China’s deflation worse; HSBC says ~60% of Chinese consumers use e-commerce  —  The push by Pinduoduo to lower prices has helped it become one of China’s fastest-growing e-commerce apps, and epitomizes a broader force plaguing the economy. Lees verder op Tech Meme

Washington Post: Investigation: police in 15 US states used facial recognition in 1,000+ cases since 2020 and routinely failed to tell defendants about their use of the software  —  A Post investigation found that many defendants were unaware of the technology’s role in linking them to crimes, leading to questions of fairness. Lees verder op Tech Meme

Daniel Thomas / Financial Times: The BBC, ITV, Channel 4, and Channel 5 agree a deal with Amazon to put free streamer Freely, developed by joint venture Everyone TV, on Amazon’s US smart TVs  —  Agreement with US tech company is set to provide a boost to broadcasters’ new platform Freely  —  BBC, ITV, Channel 4 and Channel 5 … Lees verder op Tech Meme

Emily Nicolle / Bloomberg: SportQuake: crypto companies have spent a record of almost £130M on Premier League sponsorship deals for the 2024/25 season, buoyed by tighter gambling rules  —  English football club deals with crypto firms are at a record high. … The flood of crypto money into English football is continuing … Lees verder op Tech Meme

Wall Street Journal: A profile of UK teenage hacker Arion Kurtaj, a Lapsus$ member who leaked GTA VI videos in 2022 and was found guilty in 2023 of hacking Nvidia, Uber, and others  —  The City of London Police had put the teenage boy in the suburban Travelodge to protect him.  They even set up a code … Lees verder op Tech Meme

Wall Street Journal: eMarketer expects Google’s share of the US search ad market to drop below 50% in 2025 for the first time in 10+ years, as Amazon, Apple, and others make gains  —  A flurry of new offerings for advertisers is hitting the market  —  Google’s grip on the nearly $300 billion search advertising business is loosening. Lees verder op Tech Meme

Sylvia Pfeifer / Financial Times: Dealroom: US VCs made up 65% of 2024 VC investments in European defense startups, up from 18% in 2023, for a total of $458M, or 3x+ more than in any prior year  —  American venture capital funds have provided the lion’s share of investment to the nascent sector this year Lees verder op Tech Meme

Financial Times: A look at the fall of Byju’s, India’s most valuable startup in 2022 at an estimated $22B, as the edtech startup faces insolvency and Indian and US lawsuits  —  Edtech company’s legal battles from Delaware to Bengaluru have exposed corporate governance issues Lees verder op Tech Meme

John Foley / Financial Times: Among US companies founded in the past 20 years, only Meta and Uber have become “scale insurgent”, with $10B in annual revenue and $1B of operating cash flow  —  More companies are reaching the $1bn valuation milestone, but growing from horned foal to winged steed is getting tougher Lees verder op Tech Meme

Anton Shilov / Tom’s Hardware: Amkor and TSMC sign an MOU to collaborate on advanced chip packaging for AI, HPC, PC, and mobile processors at Amkor’s planned $1.6B facility in Peoria, Arizona  —  Apple and Nvidia rejoice.  —  When Amkor announced plans to build a $1.6 billion chip test and packaging facility near Peoria … Lees verder op Tech Meme