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
Frederic Lardinois / TechCrunch: An interview with AWS CEO Matt Garman on generative AI, AWS’ AI chatbot Q, shutting down services, investing in open source, open sourcing projects, and more — It was quite a surprise when Adam Selipsky stepped down as the CEO of Amazon’s AWS cloud computing unit. Lees verder op Tech Meme
Matteo Wong / The Atlantic: Q&A with UCLA’s Terence Tao, widely considered the world’s greatest living mathematician, about OpenAI’s o1, how AI might be useful to mathematicians, and more — Terence Tao, the world’s greatest living mathematician, has a vision for AI. — Terence Tao, a mathematics professor at UCLA, is a real-life superintelligence. Lees verder op Tech Meme
Reuters: Some US ride-hailing drivers are using Teslas with FSD as makeshift robotaxis, saying FSD lets them work longer hours by reducing stress, amid safety concerns — A self-driving Tesla carrying a passenger for Uber (UBER.N) rammed into an SUV at an intersection in suburban Las Vegas in April … Lees verder op Tech Meme
Isabel Hilton / Yale E360: Taiwan, which is highly dependent on imported fossil fuels, is struggling to meet its chip industry’s energy demands; TSMC uses ~9% of Taiwan’s electricity — As the world’s largest producer of advanced computer chips, Taiwan is struggling to meet demand for electricity. Lees verder op Tech Meme
Wall Street Journal: eMarketer: Google’s share of the US search ad market is expected to drop below 50% in 2025 for the first time in 10+ years, as Amazon, Apple, and others gain — 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
Max Tani / Semafor: Substack, which still isn’t profitable but has added 1M+ paid subscribers over the past year, is trying to become a primary way creators of all mediums get paid — The News — Seven years since its launch, the newsletter platform Substack has consolidated its dominance of the independent news business. Lees verder op Tech Meme
Financial Times: A look at the fall of Byju’s, India’s most valuable startup in 2022 at estimated $22B, as the edtech startup faces insolvency and lawsuits in India and the US — Edtech company’s legal battles from Delaware to Bengaluru have exposed corporate governance issues Lees verder op Tech Meme