Wall Street Journal: Customs data shows China’s chip imports fell 22% YoY during H1 2023 and chipmaking equipment imports fell 23% YoY, suggesting US export restrictions are working — Washington’s restrictions on sale of advanced technology to Beijing appear to be working—for now Lees verder op Tech Meme
Mark Townsend / The Guardian: Source: UK Home Office plans to ask the privacy regulator for expanding facial recognition in shops, in contrast to the EU’s ban of the tech in public spaces — Covert government strategy to install electronic surveillance in shops raises issues around bias and data, and contrasts sharply … Lees verder op Tech Meme
New York Times: Starlink’s dominance of satellite internet raises alarms about Elon Musk’s growing geopolitical sway; Starlink has 4,500+ satellites, or 50%+ of all satellites — The tech billionaire has become the dominant power in satellite internet technology. The ways he is wielding that influence are raising global alarms. Lees verder op Tech Meme
Qianer Liu / Financial Times: Source: Shenzhen-based Luxshare has won favor and increased business with Apple by being prepared to test “crazy” ideas and is the sole maker of the Vision Pro — Chinese contract manufacturer is sole assembler of Vision Pro mixed-reality headset Lees verder op Tech Meme
Scott Chipolina / Financial Times: Brian Armstrong says the SEC asked Coinbase to halt trading all crypto except bitcoin without explaining its interpretation of the law, before it sued Coinbase — Request would have meant ‘the end of the crypto industry in the US’, according to Brian Armstrong Lees verder op Tech Meme
Molly White: Worldcoin presents a solution in search of its problem, has a shaky ethical foundation, and lacks decentralization or a robust approach to privacy — Worldcoin doesn’t seem to know what problem it’s trying to solve, but they want to scan your eyeballs anyway. Lees verder op Tech Meme
Scott Chipolina / Financial Times: Brian Armstrong says the SEC asked Coinbase to halt trading all crypto except bitcoin before it sued, and refused to explain its interpretation of the law — Request would have meant ‘the end of the crypto industry in the US’, according to Brian Armstrong — The US Securities … Lees verder op Tech Meme
The Economic Times: Sources: Tiger Global has completed its exit from Flipkart, in a years-long selloff that led to gains totaling $3.5B — The US fund exits online retailer with a 4% stake sale to Walmart in final deal of phased selloff. — New York-headquartered investment firm Tiger Global informed its limited partners … Lees verder op Tech Meme
CoinDesk: Curve, a stablecoin exchange on Ethereum, says bugs in Vyper, a programming language used by parts of Curve, are being exploited; ~$100M of crypto is at risk — More than $100M-worth of cryptocurrency could be at risk due to a bug impacting Curve, a stablecoin exchange at the center of Ethereum’s DeFi ecosystem. Lees verder op Tech Meme
Mark Townsend / The Guardian: Source: UK Home Office officials aim to lobby the ICO for expanded use of facial recognition in shops, in contrast to the EU’s ban of the tech in public spaces — Covert government strategy to install electronic surveillance in shops raises issues around bias and data … Lees verder op Tech Meme