Tech Meme

Bloomberg: Tether’s USDT circulation surpasses its $83.2B all-time-high, recovering the ~$20B lost after TerraUSD imploded in 2022, even as crypto trading volumes drop  —  Tether Holdings Ltd.’s stablecoin has recovered all of the roughly $20 billion in market value it lost following the collapse … Lees verder op Tech Meme

Arjun Kharpal / CNBC: Oppo announces MR Glass Developer Edition, a headset designed for developers in China to create mixed reality apps, powered by Qualcomm’s Snapdragon XR2 Plus  —  – Chinese electronics giant Oppo debuted a mixed reality headset on Wednesday, pushing into an area in which U.S. technology companies Microsoft … Lees verder op Tech Meme

Ingrid Lunden / TechCrunch: Berlin-based travel experiences marketplace GetYourGuide raised $194M, with an $85M Series F and a $109M revolving credit facility, at a $2B valuation  —  The tourist industry is bouncing back after a rough couple of pandemic-stressed years, and in the case of some tourism and travel startups … Lees verder op Tech Meme

The Financial Express: After getting three applicants in 2022, India opens new applications for setting up semiconductor and display fabs under its $10B chip incentive scheme  —  The applications will be received by India Semiconductor Mission, the designated nodal agency entrusted with the responsibility … Lees verder op Tech Meme

Reuters: Sources: a planned $3B chip plant in India by ISMC, a consortium that included chipmaker Tower, has been stalled due to the company’s pending takeover by Intel  —  A planned $3 billion semiconductor facility in India by chip consortium ISMC that counted Israeli chipmaker Tower as a tech partner … Lees verder op Tech Meme

Caroline O’Donovan / Washington Post: Hundreds of white-collar Amazon workers in Seattle walked off the job, frustrated by job losses, a return-to-office mandate, carbon emissions, and leadership  —  Frustrated by job losses, office policies and rising carbon emissions, white-collar Amazon workers are demanding more from leadership Lees verder op Tech Meme

Kate Clark / The Information: Sources: NYC-based Runway, which uses AI to let users generate videos from text descriptions, raised ~$100M from Google and others at a ~$1.5B valuation  —  Google is investing in Runway, a New York-based startup that lets customers generate video from text descriptions using artificial intelligence … Lees verder op Tech Meme

Hayden Field / CNBC: OpenAI researchers say training AI with process supervision, which rewards the thought process rather than the outcome, could help prevent hallucinations  —  – AI hallucinations occur when models like OpenAI’s ChatGPT or Google’s Bard fabricate information entirely. Lees verder op Tech Meme

Bloomberg: Evident: at some banks, about 40% of all open job roles are AI-related; JPMorgan advertised 3,651 AI-related roles from February 2023 through April 2023  —  Deutsche Bank AG is using artificial intelligence to scan wealthy client portfolios.  ING Group NV is screening for potential defaulters. Lees verder op Tech Meme

Jagmeet Singh / TechCrunch: Bengaluru-based Capillary Technologies, whose SaaS helps companies manage their loyalty programs, raised a $45M Series D, bringing its total funding to ~$150M  —  Capillary Technologies, an Indian SaaS startup that offers solutions for loyalty management and customer engagement … Lees verder op Tech Meme