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Tech Meme

Xiaomi reports Q4 revenue down 22.8% YoY to ~$9.6B and net income down 67.3% to ~$651M; 2022 revenue fell 14.7% to ~$40.7B and net income fell 61.4% to ~$1.2B (Reuters) 24-03-2023

Reuters: Xiaomi reports Q4 revenue down 22.8% YoY to ~$9.6B and net income down 67.3% to ~$651M; 2022 revenue fell 14.7% to ~$40.7B and net income fell 61.4% to ~$1.2B  —  Chinese smartphone maker Xiaomi Corp (1810.HK) on Friday posted a 22.8% drop in fourth-quarter revenue to 66.05 billion yuan ($9.6 billion). Lees verder op Tech Meme

Binance's public chatrooms show some employees and support volunteers helping customers bypass China's crypto ban, including evading the company's KYC checks (Rohan Goswami/CNBC) 24-03-2023

Rohan Goswami / CNBC: Binance’s public chatrooms show some employees and support volunteers helping customers bypass China’s crypto ban, including evading the company’s KYC checks  —  – Binance founder Changpeng “CZ” Zhao has touted the exchange’s know-your-customer systems, known as KYC, as a billion-dollar effort. Lees verder op Tech Meme

Sources: China released top chip investor Chen Datong, detained in 2022 as part of a chip industry crackdown, as it seeks experts to navigate western sanctions (Financial Times) 24-03-2023

Financial Times: Sources: China released top chip investor Chen Datong, detained in 2022 as part of a chip industry crackdown, as it seeks experts to navigate western sanctions  —  Head of Hua Capital released from detention as Beijing seeks expert help to navigate tough western sanctions Lees verder op Tech Meme

Meituan reports Q4 revenue up 21.4% YoY to ~$8.76B, above estimates of ~$8.43B, and a ~$157M net loss; core local commerce revenue grew 17.4% YoY to ~$6.33B (Casey Hall/Reuters) 24-03-2023

Casey Hall / Reuters: Meituan reports Q4 revenue up 21.4% YoY to ~$8.76B, above estimates of ~$8.43B, and a ~$157M net loss; core local commerce revenue grew 17.4% YoY to ~$6.33B  —  Chinese food delivery giant Meituan (3690.HK) posted a bigger-than-expected 21.4% rise in quarterly revenue on Friday … Lees verder op Tech Meme

CISA releases Untitled Goose Tool, an open-source Python-based utility to detect signs of malicious activity in Microsoft Azure and Microsoft 365 environments (Sergiu Gatlan/BleepingComputer) 24-03-2023

Sergiu Gatlan / BleepingComputer: CISA releases Untitled Goose Tool, an open-source Python-based utility to detect signs of malicious activity in Microsoft Azure and Microsoft 365 environments  —  The U.S. Cybersecurity & Infrastructure Security Agency (CISA) has released a new open-source incident response tool … Lees verder op Tech Meme

Austin-based quantum computing startup Strangeworks raised a $24M Series A led by Hitachi Ventures with participation from IBM and Raytheon Technologies (SiliconHills) 24-03-2023

SiliconHills: Austin-based quantum computing startup Strangeworks raised a $24M Series A led by Hitachi Ventures with participation from IBM and Raytheon Technologies  —  Quantum computing startup, Strangeworks has announced the completion of a $24 million round of funding. Lees verder op Tech Meme

Nasdaq says it expects its custody services for digital assets to launch by end of Q2, starting with Bitcoin and Ether (Anna Irrera/Bloomberg) 24-03-2023

Anna Irrera / Bloomberg: Nasdaq says it expects its custody services for digital assets to launch by end of Q2, starting with Bitcoin and Ether  —  Nasdaq Inc. expects its custody services for digital assets to launch by the end of the second quarter as it joins a growing pool of traditional financial firms … Lees verder op Tech Meme

Sources: in 2018, Musk said OpenAI lagged behind Google and cut ties after his offer to run it was rejected; Altman took no equity in OpenAI's for-profit entity (Reed Albergotti/Semafor) 24-03-2023

Reed Albergotti / Semafor: Sources: in 2018, Musk said OpenAI lagged behind Google and cut ties after his offer to run it was rejected; Altman took no equity in OpenAI’s for-profit entity  —  After three years, Elon Musk was ready to give up on the artificial intelligence research firm he helped found, OpenAI. Lees verder op Tech Meme

Binance suspended spot markets for two hours on Friday after a bug emerged related to the trailing stop loss feature (CoinDesk) 24-03-2023

CoinDesk: Binance suspended spot markets for two hours on Friday after a bug emerged related to the trailing stop loss feature  —  Exchange CEO Changpeng “CZ” Zhao described the outage as “unlucky.”  —  Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28. Lees verder op Tech Meme

Axios HQ, the software business spun off from Axios in 2022, raised a $20M Series A at a $100M valuation to build communication tools with the help of OpenAI (Alexandra Bruell/Wall Street Journal) 24-03-2023

Alexandra Bruell / Wall Street Journal: Axios HQ, the software business spun off from Axios in 2022, raised a $20M Series A at a $100M valuation to build communication tools with the help of OpenAI  —  Axios HQ to use ChatGPT maker OpenAI to improve tools that help clients write emails, headlines Lees verder op Tech Meme