Tech Meme

Erin Griffith / New York Times: VC firm CRV plans to return $275M from its $500M Select fund, citing worsening market conditions and high startup valuations relative to their potential payoff  —  CRV, based in Silicon Valley, plans to return to investors $275 million because the market for mature start-ups has soured. Lees verder op Tech Meme

Andreo Calonzo / Bloomberg: Philippine President Marcos Jr. signs a law imposing a 12% value-added tax on non-resident digital service providers, including Netflix, HBO, and Disney  —  Philippine President Ferdinand Marcos Jr. on Wednesday signed a law imposing a 12% value-added tax on non-resident digital service providers including Netflix, HBO and Disney. Lees verder op Tech Meme

Emma Roth / The Verge: Developer Christian Selig says third-party YouTube app Juno for the Vision Pro was “removed from the App Store”, after YouTube said it violated its ToS in April  —  Juno, the third-party YouTube app created for the Apple Vision Pro, has been removed from the App Store. Lees verder op Tech Meme

Rob Davies / The Guardian: A profile of Denise Coates, the UK’s richest woman, who founded online gambling company Bet365, which had £3B+ in 2023 revenue, as she focuses on a US expansion  —  She is the mastermind behind Bet365, the company that made it possible to gamble online any hour of the day or night. Lees verder op Tech Meme

Akila Quinio / Financial Times: Meta rolls out its Fraud Intelligence Reciprocal Exchange to let UK banks share transaction intelligence to help catch scammers, after a pilot with two banks  —  Tech group to roll out channel for sharing of transaction intelligence  —  Facebook owner Meta is launching a data-sharing partnership … Lees verder op Tech Meme

Tom Warren / The Verge: Microsoft releases a $150 standalone version of Office 2024 for consumers and SMBs, with core app updates and UI changes; the last standalone was Office 2021  —  Microsoft is releasing a new version of Office this week, designed for people that don’t want to subscribe to Microsoft 365. Lees verder op Tech Meme

Rob Davies / The Guardian: A profile of Denise Coates, the UK’s richest woman, who founded online gambling company Bet365, which had £3B+ in 2023 revenue, as she focuses on a US expansion  —  She is the mastermind behind Bet365, the company that made it possible to gamble online any hour of the day or night. Lees verder op Tech Meme

Michael Nuñez / VentureBeat: Nvidia details LLM family NVLM 1.0, which can handle vision and language tasks while enhancing text-only capabilities and is led by the 72B-parameter NVLM-D-72B  —  Nvidia has released a powerful open-source artificial intelligence model that competes with proprietary systems from industry leaders like OpenAI and Google. Lees verder op Tech Meme

Kai Nicol-Schwarz / Sifted: London-based Dexory, which builds autonomous warehouse robots, raised a $80M Series B in equity and debt led by DTCP, taking its total equity funding to $120M  —  Generative AI has changed the game for autonomous technology, says founder and CEO Andrei Danescu Lees verder op Tech Meme

Michael Nuñez / VentureBeat: Nvidia details LLM family NVLM 1.0, which can handle vision and language tasks while enhancing text-only capabilities and is led by the 72B-parameter NVLM-D-72B  —  Nvidia has released a powerful open-source artificial intelligence model that competes with proprietary systems from industry leaders like OpenAI and Google. Lees verder op Tech Meme