Tech Meme

Jonathan Stempel / Reuters: Google will pay $100M in cash to settle a 2011 lawsuit accusing the company of charging for clicks on ads outside the geographic areas the advertisers targeted  —  Google has agreed to pay $100 million in cash to settle a long-running lawsuit claiming it overcharged advertisers by failing … Lees verder op Tech Meme

CNBC: Trump pardons BitMEX founders Arthur Hayes, Benjamin Delo, and Samuel Reed, who previously pled guilty to federal criminal charges related to money laundering  —  President Donald Trump has granted pardons to three co-founders of the BitMEX cryptocurrency exchange, CNBC has learned. Lees verder op Tech Meme

Jordan Novet / CNBC: CoreWeave opens down 2.5% at $39 in its Nasdaq debut; CoreWeave’s offering is the largest US IPO since UiPath’s NYSE debut in 2021  —  CoreWeave’s stock opened at $39 in its Nasdaq debut on Friday after the company sold shares at $40 a piece, below the expected range. Lees verder op Tech Meme

Kritika Lamba / Reuters: US chipmaker Wolfspeed’s shares fell ~50% on Friday, hitting their lowest since 1998, a day after it appointed a new CEO, amid worries about CHIPS Act funding  —  Wolfspeed’s (WOLF.N) shares slumped about 48% on Friday, hitting their lowest since 1998, a day after the chipmaker appointed … Lees verder op Tech Meme

Pete Schroeder / Reuters: The US FDIC says banks can engage in cryptocurrency and other legally permitted activities without prior regulatory approval if they manage risks appropriately  —  Another U.S. bank regulator has announced that banks do not need to receive advance permission to engage in some crypto-related activities. Lees verder op Tech Meme

Emily Nicolle / Bloomberg: Michael Novogratz’s Galaxy Digital will pay $200M as part of a settlement with the New York AG over the firm’s role in promoting the failed Luna cryptocurrency  —  Michael Novogratz’s Galaxy Digital Holdings will pay $200 million in penalties over the investment firm’s role in promoting … Lees verder op Tech Meme

Steven Levy / Wired: Anthropic researchers share the surprises they observed while watching Claude think: planning ahead, confusion between safety and helpfulness goals, lying, more  —  Researchers looked inside the chatbot’s “brain.”  The results were surprisingly chilling.  —  The researchers … Lees verder op Tech Meme

Makena Kelly / Wired: Sources: DOGE aims to migrate all Social Security Administration’s computer systems off COBOL in a matter of months, risking the integrity of the system  —  Social Security systems contain tens of millions of lines of code written in COBOL, an archaic programming language. Lees verder op Tech Meme

Victoria Song / The Verge: A US judge dismisses Samsung’s Oura lawsuit, saying Samsung acted prematurely in seeking a judgment that Galaxy Ring doesn’t infringe on Oura’s patents  —  Samsung essentially jumped the gun in trying to preemptively block any potential Oura patent claims. Lees verder op Tech Meme

Abner Li / 9to5Google: Google says Pixel 9a will launch in the US, Canada, and UK on April 10; the company delayed the phone’s launch to April to check “on a component quality issue”  —  After a last-minute delay, Google today announced that Pixel 9a will launch starting April 10. Lees verder op Tech Meme