Tech Meme

Adi Robertson / The Verge: The FTC proposes banning difficult-to-cancel subscriptions via “click to cancel” rules requiring companies to make ending a subscription as simple as signing up  —  The US Federal Trade Commission is proposing a formal ban on subscriptions that are simple to start but difficult to stop. Lees verder op Tech Meme

Chavi Mehta / Reuters: Accenture plans to lay off 19,000 employees, or ~2.5% of its workforce, and lowers its annual forecasts, as the global economic slowdown weighs on IT spending  —  Accenture Plc said on Thursday it would cut about 19,000 jobs and lowered its annual revenue and profit projections … Lees verder op Tech Meme

Lauren Feiner / CNBC: TikTok CEO Shou Zi Chew tells Congress that “after Project Texas is done” no China-based ByteDance employee will have access to US TikTok data  —  – TikTok CEO Shou Zi Chew told U.S. lawmakers that China-based employees at its parent company ByteDance may still have access to some U.S. data from the app. Lees verder op Tech Meme

Ivan Mehta / TechCrunch: Snap unveils AR Enterprise Services, offering its AR Lenses and Filters to businesses, and says 250M+ people out of 375M DAUs engage with AR on Snapchat daily  —  Snap users are already quite familiar with the company’s expertise in AR thanks to Lenses and Filters. Lees verder op Tech Meme

Cat Zakrzewski / Washington Post: A live blog of TikTok CEO Shou Zi Chew’s testimony before Congress, as he attempts to address national security concerns over ByteDance’s ownership of the app  —  TikTok CEO Shou Zi Chew will attempt to address lawmakers’ worries that the extraordinarily popular video app represents a dangerous national security threat. Lees verder op Tech Meme

Khari Johnson / Wired: OIG report: US officials working on Login.gov, used by dozens of sites, rejected verifying IDs via facial recognition over algorithmic bias, breaking NIST rules  —  Officials working on Login.gov, used to access dozens of government sites, worried about algorithmic bias.  Their decision breached federal security rules. Lees verder op Tech Meme

Madhumita Murgia / Financial Times: Researchers warn of “industrial capture” in AI as companies entrench their power; companies’ share of the biggest AI models grew from 11% in 2010 to 96% in 2021  —  A handful of individuals and corporations now control much of the resources and knowledge in the sector Lees verder op Tech Meme

Kate Park / TechCrunch: South Korea-based luxury goods resale marketplace Kream raised a ~$168M Series C led by Altos Ventures at a ~$742M valuation, up from ~$306M in October 2021  —  The startup funding environment is more challenging right now, but some companies and industries still draw investors’ attention and money. Lees verder op Tech Meme

Patrick Temple-West / Financial Times: Intel, IBM, Nvidia, and other chip companies join industrial materials businesses in lobbying against proposed clampdowns on “forever chemicals” across the US  —  Intel helped form lobbying group that has opposed state legislation on PFAS  —  Intel and other semiconductor companies … Lees verder op Tech Meme

Ivan Mehta / TechCrunch: Snap unveils AR Enterprise Services, offering its AR Lenses and Filters to businesses, and says over 250M people engage with AR on Snapchat every day  —  Snap users are already quite familiar with the company’s expertise in AR thanks to Lenses and Filters.  Now, the social media company … Lees verder op Tech Meme