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Tech Meme

Fahrenheit, bidders led by Arrington Capital, wins an auction for Celsius Network's assets, including loans, investments, and $500M in “liquid cryptocurrency” (Emily Nicolle/Bloomberg) 25-05-2023

Emily Nicolle / Bloomberg: Fahrenheit, bidders led by Arrington Capital, wins an auction for Celsius Network’s assets, including loans, investments, and $500M in “liquid cryptocurrency”  —  Failed crypto lender Celsius Network LLC is poised to restart as a new company after Fahrenheit LLC … Lees verder op Tech Meme

A profile of Microsoft President Brad Smith, a DC veteran testing his well-worn playbook to shape AI regulation, such as by endorsing the creation of an agency (Cat Zakrzewski/Washington Post) 25-05-2023

Cat Zakrzewski / Washington Post: A profile of Microsoft President Brad Smith, a DC veteran testing his well-worn playbook to shape AI regulation, such as by endorsing the creation of an agency  —  In 2017, Microsoft president Brad Smith made a bold prediction.  Speaking on a panel at the Davos World Economic Forum … Lees verder op Tech Meme

Google starts rolling out its AI-powered Search Generative Experience, with features like a conversational mode, to users that signed up for Search Labs (Abner Li/9to5Google) 25-05-2023

Abner Li / 9to5Google: Google starts rolling out its AI-powered Search Generative Experience, with features like a conversational mode, to users that signed up for Search Labs  —  Announced at I/O 2023, Google is now rolling out the AI/LLM-powered Search Generative Experience (SGE) to users that signed up for the Search Labs program. Lees verder op Tech Meme

YouTube plans to shut down Stories on June 26, 2023, as the company focuses on other key areas, like Shorts, Community posts, and live videos (Sarah Perez/TechCrunch) 25-05-2023

Sarah Perez / TechCrunch: YouTube plans to shut down Stories on June 26, 2023, as the company focuses on other key areas, like Shorts, Community posts, and live videos  —  Stories are over — at least on YouTube, that is.  The Google-owned video site announced today that YouTube Stories will be shutting down on June 26 … Lees verder op Tech Meme

Alibaba pushes back on reports of layoffs, saying it plans to hire 15,000 workers in 2023 across its six major divisions, including 3,000 university graduates (Aggi Cantrill/Bloomberg) 25-05-2023

Aggi Cantrill / Bloomberg: Alibaba pushes back on reports of layoffs, saying it plans to hire 15,000 workers in 2023 across its six major divisions, including 3,000 university graduates  —  Alibaba Group Holding Ltd. said it plans to hire 15,000 people this year, pushing back on reports that the Chinese tech firm is laying off employees. Lees verder op Tech Meme

Florida-based Nymbus, which offers tools for banks to migrate their legacy stacks and help launch neobanks, raised a $70M Series D led by Insight Partners (Kyle Wiggers/TechCrunch) 25-05-2023

Kyle Wiggers / TechCrunch: Florida-based Nymbus, which offers tools for banks to migrate their legacy stacks and help launch neobanks, raised a $70M Series D led by Insight Partners  —  Nymbus, a startup that partners with banks to migrate their legacy stack and launch neobanks to attract new customers … Lees verder op Tech Meme

A look at Disney and Comcast's Hulu fight; sources say their Hulu valuations vary by tens of billions, they're in arbitration, and Comcast stopped funding Hulu (Wall Street Journal) 25-05-2023

Wall Street Journal: A look at Disney and Comcast’s Hulu fight; sources say their Hulu valuations vary by tens of billions, they’re in arbitration, and Comcast stopped funding Hulu  —  Parent companies are in final phase of battle marked by legal threats, broken promises and secret arbitration Lees verder op Tech Meme

Starling Bank CEO Anne Boden steps down and COO John Mountain steps up as interim CEO; Starling, which has raised $1B+, reports FY revenue up 110% YoY to £453M (Ingrid Lunden/TechCrunch) 25-05-2023

Ingrid Lunden / TechCrunch: Starling Bank CEO Anne Boden steps down and COO John Mountain steps up as interim CEO; Starling, which has raised $1B+, reports FY revenue up 110% YoY to £453M  —  Anne Boden nearly lost a grip on Starling Bank years ago when the neobank was in the middle of a coup effort led by its CTO … Lees verder op Tech Meme

Tools for Humanity, co-founded by Sam Altman to build Worldcoin, raised a $115M Series C led by Blockchain Capital, aiming to scan everyone's eyes to create IDs (Hannah Miller/Bloomberg) 25-05-2023

Hannah Miller / Bloomberg: Tools for Humanity, co-founded by Sam Altman to build Worldcoin, raised a $115M Series C led by Blockchain Capital, aiming to scan everyone’s eyes to create IDs  —  A crypto startup co-founded by OpenAI Chief Executive Officer Sam Altman has raised new funding to further its mission of providing a digital ID for everyone on the planet. Lees verder op Tech Meme

Interviews with 30+ sources detail issues at Tom Siebel's AI startup C3.ai, causing product delays; the company is on its third name since its founding in 2009 (Brody Ford/Bloomberg) 25-05-2023

Brody Ford / Bloomberg: Interviews with 30+ sources detail issues at Tom Siebel’s AI startup C3.ai, causing product delays; the company is on its third name since its founding in 2009  —  The AI hype cycle has birthed innumerable boosters.  An unlikely member of this group is Silicon Valley billionaire Tom Siebel. Lees verder op Tech Meme