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Tech Meme

Monzo reports £356M in FY2023 revenue, up from £154M in FY2022, and a £116M net loss, down from £119M YoY; CEO TS Anil says an IPO is “some ways down the road” (Iain Withers/Reuters) 31-05-2023

Iain Withers / Reuters: Monzo reports £356M in FY2023 revenue, up from £154M in FY2022, and a £116M net loss, down from £119M YoY; CEO TS Anil says an IPO is “some ways down the road”  —  British digital bank Monzo marginally narrowed its annual loss in the year to February 2023 … Lees verder op Tech Meme

How the Shoggoth, a character from a 1936 H.P. Lovecraft novella, became a meme among AI workers as a metaphor for not fully understanding LLMs' inner workings (Kevin Roose/New York Times) 31-05-2023

Kevin Roose / New York Times: How the Shoggoth, a character from a 1936 H.P. Lovecraft novella, became a meme among AI workers as a metaphor for not fully understanding LLMs’ inner workings  —  The Shoggoth, a character from a science fiction story, captures the essential weirdness of the A.I. moment. Lees verder op Tech Meme

Monzo reports £356M in FY2023 revenue, up from £154M in FY2022, and a £116M net loss, down from £119M YoY; CEO TS Anil says an IPO is “some ways down the road” (Iain Withers/Reuters) 31-05-2023

Iain Withers / Reuters: Monzo reports £356M in FY2023 revenue, up from £154M in FY2022, and a £116M net loss, down from £119M YoY; CEO TS Anil says an IPO is “some ways down the road”  —  British digital bank Monzo marginally narrowed its annual loss in the year to February 2023 … Lees verder op Tech Meme

A profile of Plaid, valued at $13.4B, and founder Zach Perret, after a $58M data scraping settlement in 2022, as the company expands and fights a lawsuit by PNC (Bloomberg) 31-05-2023

Bloomberg: A profile of Plaid, valued at $13.4B, and founder Zach Perret, after a $58M data scraping settlement in 2022, as the company expands and fights a lawsuit by PNC  —  Over the past decade, Plaid’s digital pipes have enabled 1 in every 3 people with a US bank account to connect it to the app or service of their choosing. Lees verder op Tech Meme

Monzo reports £356M in FY2023 revenue, up from £154M in FY2022, and a £116M net loss, down from £119M YoY; CEO TS Anil says an IPO is “some ways down the road” (Iain Withers/Reuters) 31-05-2023

Iain Withers / Reuters: Monzo reports £356M in FY2023 revenue, up from £154M in FY2022, and a £116M net loss, down from £119M YoY; CEO TS Anil says an IPO is “some ways down the road”  —  British digital bank Monzo marginally narrowed its annual loss in the year to February 2023 … Lees verder op Tech Meme

Monzo reports £356M in FY2023 revenue, up from £154M in FY2022, and a £116M net loss, down from £119M YoY; CEO TS Anil says an IPO is “some ways down the road” (Iain Withers/Reuters) 31-05-2023

Iain Withers / Reuters: Monzo reports £356M in FY2023 revenue, up from £154M in FY2022, and a £116M net loss, down from £119M YoY; CEO TS Anil says an IPO is “some ways down the road”  —  British digital bank Monzo marginally narrowed its annual loss in the year to February 2023 … Lees verder op Tech Meme

Sources: the Biden administration is split on regulating generative AI; some prefer an EU-style model while others worry over losing a competitive advantage (Bloomberg) 31-05-2023

Bloomberg: Sources: the Biden administration is split on regulating generative AI; some prefer an EU-style model while others worry over losing a competitive advantage  —  Biden administration officials are divided over how aggressively new artificial intelligence tools should be regulated … Lees verder op Tech Meme

Payments startup NomuPay, formed out of Wirecard and other assets, discloses raising $53.6M in total, including $15M recently, and plans a “proper raise” soon (Ingrid Lunden/TechCrunch) 31-05-2023

Ingrid Lunden / TechCrunch: Payments startup NomuPay, formed out of Wirecard and other assets, discloses raising $53.6M in total, including $15M recently, and plans a “proper raise” soon  —  We still see regular updates on the calamitous fallout of the 2020 collapse of Wirecard, the now-insolvent fintech … Lees verder op Tech Meme

An investigation into Papa, a TaskRabbit-like service for seniors that has raised $240M, finds dozens of allegations of harassment, assault, theft, and more (Priya Anand/Bloomberg) 31-05-2023

Priya Anand / Bloomberg: An investigation into Papa, a TaskRabbit-like service for seniors that has raised $240M, finds dozens of allegations of harassment, assault, theft, and more  —  If you’ve been to an annual open enrollment fair in the past few years, you may have noticed a new eldercare benefit with the unusual name of Papa. Lees verder op Tech Meme

Foxconn predicts “triple-digit growth in AI servers” in H2 2023 as demand skyrockets; in 2022, Foxconn made ~$36B in server revenue out of its $215B total (Kathrin Hille/Financial Times) 31-05-2023

Kathrin Hille / Financial Times: Foxconn predicts “triple-digit growth in AI servers” in H2 2023 as demand skyrockets; in 2022, Foxconn made ~$36B in server revenue out of its $215B total  —  Apple’s largest manufacturer says demand for servers needed to run ChatGPT-like services will double this year Lees verder op Tech Meme