Tech Meme

Todd Spangler / Variety: MoffettNathanson: US pay TV users fell 7% YoY to 75.5M in Q1 2023, with household penetration at 58.5%, the lowest level since 1992; only YouTube TV grew in Q1  —  As streaming video continues its ascendancy, cable, satellite and internet TV providers in the U.S. turned in their worst subscriber losses … Lees verder op Tech Meme

Nikkei Asia: Elliptic: North Korean hackers stole $2.3B in crypto from businesses from 2017 to 2022, including $721M from Japan, $540M from Vietnam, and $497M from the US  —  Study finds Japan’s $721m loss accounts for 30% of global total since 2017  —  According to the Japan External Trade Organization … Lees verder op Tech Meme

TechCrunch: London-based Smart, which helps employers and employees manage their pensions, raised a $95M Series E led by Aquiline; a report said Smart sought to raise $123M  —  Smart, a London-based startup that helps employers and their employees manage and monitor their pensions, said that it has closed $95 million in Series E funding. Lees verder op Tech Meme

Tage Kene-Okafor / TechCrunch: Nairobi-based M-KOPA, which offers underbanked African customers access to “productive assets” and digital payments, raised $55M in equity and $200M+ in debt  —  M-KOPA, the asset financing platform that offers underbanked African customers access to “productive assets” … Lees verder op Tech Meme

Todd Spangler / Variety: Report: in Q1, users of US pay TV services fell 7% YoY to 75.5M, with household penetration at 58.5%, the lowest level since 1992; only YouTube TV grew in Q1  —  As streaming video continues its ascendancy, cable, satellite and internet TV providers in the U.S. turned in their worst subscriber losses … Lees verder op Tech Meme

Jon Victor / The Information: Source: OpenAI is preparing to publicly debut its first open-source LLM, amid a proliferation of open-source alternatives, including variants of Meta’s LLaMA  —  In February, Meta Platforms set off an explosion of artificial intelligence development when it gave academics access … Lees verder op Tech Meme

Jacob Bogage / Washington Post: Sources: the IRS has quietly built a prototype system to let Americans file tax returns digitally and free of charge, with a pilot slated to launch in January  —  The prototype program developed by the federal government could be available for a small group of taxpayers by January Lees verder op Tech Meme

Samuel Stolton / Bloomberg: Docs: EU regulators begin an informal probe into Azure, asking rivals and customers if Microsoft leveraged market power and partnership info to squeeze rivals  —  Microsoft Corp.’s Azure cloud business has been targeted by the European Union’s antitrust arm, amid concerns the US software firm … Lees verder op Tech Meme

Adam Satariano / New York Times: EU regulators approve Microsoft’s $69B Activision Blizzard deal after the company made concessions over giving rivals access to Call of Duty and other games  —  The green light follows objections to the blockbuster deal by American and British regulators on the grounds that it would undercut competition. Lees verder op Tech Meme

Bloomberg: How Sea, one of Southeast Asia’s largest internet companies that burned billions per year for market share, made huge cuts to turn its first profit in 14 years  —  Just over a year ago, Forrest Li was laid up in bed with Covid, fretting about the future of his company, Sea Ltd. So he propped himself … Lees verder op Tech Meme