Tech Meme

Manish Singh / TechCrunch: Filing: Invesco marked down the valuation of Swiggy to ~$5.5B in January 2023, from a reported $10.7B in January 2022, when Invesco led Swiggy’s Series K  —  Swiggy, India’s top food delivery startup, has raised $700 million in a new financing round, just six months after securing $1.25 billion … Lees verder op Tech Meme

Jennifer Elias / CNBC: Internal documents: Google is planning to announce a number of generative AI updates at Google I/O on Wednesday, including a new general-use LLM called PaLM 2  —  – Google’s hefty investments in artificial intelligence will be on display at its annual developer conference this week. Lees verder op Tech Meme

Josh Taylor / The Guardian: An interview with Jürgen Schmidhuber, whose neural network work in the 1990s went on to be used in Google Translate and Siri, on why many AI fears are misplaced  —  Jürgen Schmidhuber believes AI will progress to the point where it surpasses human intelligence and will pay no attention to people Lees verder op Tech Meme

Isaiah Poritz / Bloomberg Law: A US appeals court upholds a lower court’s 2019 ruling rejecting Apple’s claims that Corellium’s CORSEC security tool for simulating iOS violated copyright law  —  Apple Inc. failed to revive a long-running copyright lawsuit against cybersecurity firm Corellium Inc. over its software … Lees verder op Tech Meme

Ingrid Lunden / TechCrunch: Qualcomm acquires Israel-based Autotalks, a fabless chipmaker that improves safety in bikes, cars, and other vehicles, sources say for between $350M and $400M  —  Qualcomm’s longer term bet on the automotive sector as a lucrative customer base for its chips and related communications technology … Lees verder op Tech Meme

Steve Mollman / Fortune: OpenAI CEO Sam Altman says “technology is not yet good enough that people can be full remote forever, particularly on startups”  —  OpenAI CEO Sam Altman isn’t averse to change—he helped kickstart the current A.I. race with chatbot ChatGPT, after all, threatening to upend multiple industries … Lees verder op Tech Meme

Josh Taylor / The Guardian: An interview with Jürgen Schmidhuber, whose neural network work in the 1990s went on to be used in Google Translate and Siri, on why many AI fears are misplaced  —  Jürgen Schmidhuber believes AI will progress to the point where it surpasses human intelligence and will pay no attention to people Lees verder op Tech Meme

Akanksha Khushi / Reuters: Binance halted bitcoin withdrawals for an hour late on May 7 and for several hours on May 8, blaming heavy volumes and an unanticipated rise in network gas fees  —  Cryptocurrency exchange Binance halted bitcoin withdrawals for several hours on Monday, citing heavy volumes and a surge in processing fees … Lees verder op Tech Meme

Bloomberg: Despite China banning crypto in September 2021, citizens, industry insiders, and FTX’s creditor lists suggest Chinese residents continue to trade digital assets  —  Nineteen months after China banned crypto, more signs have emerged that its citizens continue to buy and sell digital assets. Lees verder op Tech Meme

Ryan Browne / CNBC: After Arm shunned a London listing in favor of NYC, some VCs in the UK blame Brexit and local institutional investors who lack a good understanding of tech  —  – British chip designer Arm recently decided to list in New York, leading to worries that London will miss out on more blockbuster tech IPOs. Lees verder op Tech Meme