Tech Meme

Chris Metinko / Crunchbase News: Cybersecurity startups raised nearly $1.9B globally in 153 deals in Q3 2023, up 12% from Q2 but down 30% from $2.7B in Q3 2022; just five deals were over $75M  —  Venture funding to cybersecurity startups in the third quarter saw a slight uptick from Q2, but was still down 30% year to year. Lees verder op Tech Meme

Jillian Deutsch / Bloomberg: Sources: the EU adjusts DSA charges to cap them at 0.05% of 2022 profit; X and Amazon may pay €0 while Alphabet and Meta together pay ~€31M, or 75% of the total  —  – Alphabet and Meta to pick up three-quarters of the tab  — Charges for large platforms adjusted based on profitability Lees verder op Tech Meme

John Thornhill / Financial Times: Meta’s Yann LeCun says regulating R&D for AI “is incredibly counterproductive” and only serves to reinforce the dominance of Big Tech and stifle competition  —  Artificial intelligence is still dumber than cats, says pioneer Yann LeCun, so worries over existential risks are ‘premature’ Lees verder op Tech Meme

Steve Lohr / New York Times: US v. Google: Pandu Nayak, Google’s VP of Search and first witness, testifies that smart employees explain its success and lead to innovations, such as on LLMs  —  While the Justice Department says Google has squeezed partners and made expensive deals to maintain its search dominance, the company has a more genteel story to tell. Lees verder op Tech Meme

Jillian Deutsch / Bloomberg: Sources: the EU adjusts DSA charges to cap them at 0.05% of 2022 profit; X and Amazon may pay €0 while Alphabet and Meta together pay ~€31M, or 75% of the total  —  – Alphabet and Meta to pick up three-quarters of the tab  — Charges for large platforms adjusted based on profitability Lees verder op Tech Meme

Emma Roth / The Verge: WhatsApp plans to let users switch between two accounts on Android in the coming weeks; a second account will still need a separate phone number and SIM card  —  If you use two different WhatsApp accounts, you’ll soon be able to access both from just one device. Lees verder op Tech Meme

Jillian Deutsch / Bloomberg: Sources: the EU adjusts DSA charges to cap them at 0.05% of 2022 profit; X and Amazon may pay €0 while Alphabet and Meta together pay ~€31M, or 75% of the total  —  – Alphabet and Meta to pick up three-quarters of the tab  — Charges for large platforms adjusted based on profitability Lees verder op Tech Meme

Arjun Kharpal / CNBC: Nokia plans to cut up to 14,000 jobs, or ~16% of its 86,000 workforce, and reports Q3 2023 net sales down 20% YoY to €4.98B and profit down 69% YoY to €133M  —  – Nokia said it would cut up to 14,000 jobs as part of a cost cutting plan following third quarter earnings that plunged. Lees verder op Tech Meme

Pew Research Center: A May 2023 survey of 5,101 US adults: 78% of Democrats and 68% of Republicans support more government regulation over what companies can do with people’s data  —  The role of technology companies, AI and regulation – plus personal experiences with data breaches, passwords, cybersecurity and privacy policies Lees verder op Tech Meme

Leo Schwartz / Fortune: New York AG Letitia James sues the Winklevoss’ Gemini, Genesis, and its parent Digital Currency Group, alleging the companies defrauded 230K investors of $1B+  —  New York Attorney General Letitia James is suing the Winklevoss twin-led exchange Gemini along with the crypto lending firm Genesis … Lees verder op Tech Meme