Tech Meme

Rolfe Winkler / Wall Street Journal: A look at telehealth startup Done Global, whose owner was arrested by the US in June for allegedly running a “pill mill”, as it continues to operate from China  —  The owner of Silicon Valley’s Done Global was arrested, but the telehealth company’s staff in China still provides easy access to stimulants for Americans Lees verder op Tech Meme

Curtis Heinzl / Bloomberg: The demand for the X100 series of point-and-shoot digital cameras has driven big profits for Fujifilm after the X100V went viral on TikTok in September 2022  —  TikTok’s love of the Fujifilm X100V has driven big profits for the Japanese company, which initially struggled to compete in the digital era. Lees verder op Tech Meme

Wall Street Journal: Source: Apple is no longer in talks to participate in an OpenAI funding round that is expected to raise as much as $6.5B  —  Company behind ChatGPT is aiming to raise around $6.5 billion in funding set to close next week  —  Apple is no longer in talks to participate in an OpenAI funding round expected … Lees verder op Tech Meme

Kate Knibbs / Wired: A profile of Internet Archive founder Brewster Kahle, as the service fights existential battles over copyright, including from music labels like UMG  —  The web’s collective memory is stored in the servers of the Internet Archive.  Legal battles threaten to wipe it all away. Lees verder op Tech Meme

Bloomberg: Sources: China is discouraging local companies from purchasing Nvidia’s H20 chips to help expand the country’s semiconductor industry and counter US sanctions  —  – Nvidia can only sell slower AI chips to China due to US curbs  — Beijing is fostering domestic champions like Huawei, Cambricon Lees verder op Tech Meme

New York Times: Docs: OpenAI had $300M in monthly revenue in August, up 1,700% since early 2023, 350M MAUs in June, and expects ~$3.7B in annual sales but $5B in losses in 2024  —  As the company looks for more outside investors, documents reviewed by The New York Times show consumer fascination with ChatGPT and a serious need for more cash. Lees verder op Tech Meme

Bill Toulas / BleepingComputer: The US DOJ charges two Russians for operating $1B+ money laundering services for cybercriminals; one is accused of operating the Joker’s Stash marketplace  —  The U.S. Department of Justice (DoJ) has announced charges against two Russian nationals for operating billion-dollar money laundering services … Lees verder op Tech Meme

New York Times: Docs: OpenAI’s monthly revenue hit $300M in August, up 1,700% since 2023 beginning; it expects ~$3.7B in 2024 sales but may lose ~$5B, and had 350M MAUs in June  —  As the company looks for more outside investors, documents reviewed by The New York Times show consumer fascination with ChatGPT and a serious need for more cash. Lees verder op Tech Meme

Mariella Moon / Engadget: The Irish Data Protection Commission wraps up an investigation into a 2019 breach, fining Meta €91M for violating GDPR rules by storing passwords in plain text  —  The Irish Data Protection Commission found that the company violated several GDPR rules. Lees verder op Tech Meme

Nikhilesh De / CoinDesk: Mango DAO, Mango Labs, and Blockworks Foundation agree to destroy MNGO tokens and ask crypto exchanges to stop trading them as part of an SEC settlement  —  Mango DAO, Mango Labs and Blockworks Foundation agreed to settle charges with the U.S. Securities and Exchange Commission Friday. Lees verder op Tech Meme