Tech Meme

Yogita Khatri / The Block: Binance launches Capital Connect to connect VIP clients and investment fund managers; Binance has 128M+ users, of which VIPs are a “very small percentage”  —  – Binance has launched a new platform called Capital Connect to facilitate connections between its VIP clients and investment fund managers. Lees verder op Tech Meme

Bloomberg: How Tokyo-based Rapidus is trying to become a globally competitive chipmaker by 2027, aiming to mass produce 2nm chips two years after leaders TSMC and Samsung  —  Tetsuro Higashi is taking on what seems like an impossible task: Create a globally competitive semiconductor manufacturer in Japan from scratch – and do it in four years. Lees verder op Tech Meme

Financial Times: Chinese DRAM maker ChangXin plans a Shanghai IPO, sources say after US chip toolmakers assured the equipment the company needs is exempt from export controls  —  ChangXin Memory Technologies to raise funds for production expansion following assurance on American equipment supplies Lees verder op Tech Meme

Cristiano Lima / Washington Post: Sam Altman plans to testify to Congress for the first time on May 16 about AI oversight, alongside IBM VP Christina Montgomery and professor Gary Marcus  —  Sam Altman, the OpenAI chief, will appear for the first time as AI scrutiny soars in Washington  —  OpenAI CEO Sam Altman will testify … Lees verder op Tech Meme

Sohee Kim / Bloomberg: Coupang reports Q1 revenue up 13% YoY to $5.8B, a $106.8M operating income, compared to a $205.7M loss in Q1 2022, and active customers up 5% YoY to 19M+  —  Coupang Inc., the South Korean e-commerce giant backed by SoftBank Group Corp., reported better-than-expected revenue growth after spending … Lees verder op Tech Meme

Yogita Khatri / The Block: Tether reports a $1.5B net profit in Q1, $2.44B in excess reserves, and $81.8B+ in assets as of May 9, including $1.5B in bitcoin and $3.3B in precious metals  —  – Tether reported $1.5 billion of net profit for the first quarter — more than double its Q4 2022 net profit. Lees verder op Tech Meme

Foo Yun Chee / Reuters: Sources: EU regulators are expected to approve Microsoft’s Activision acquisition next week, most likely on May 15, three weeks after the UK blocked the deal  —  EU antitrust regulators are set to approve Microsoft Corp’s (MSFT.O) $69 billion acquisition of Activision (ATVI.O) next week … Lees verder op Tech Meme

Deborah Acosta / Wall Street Journal: As Miami prepares to host Bitcoin 2023 on May 18, the city and its mayor, who continues to take his salary in bitcoin, have mostly moved on from crypto  —  On the eve of the annual bitcoin conference, the city and its mayor have mostly moved on from crypto  —  A year ago, when the annual … Lees verder op Tech Meme

Financial Times: A Binance executive says recent US crypto actions have been “very confusing” and the exchange will do “everything we possibly can” to be regulated in the UK  —  World’s largest cryptocurrency exchange says it is ‘very difficult’ to do business in US after moves by Washington regulators Lees verder op Tech Meme

Rohan Goswami / CNBC: Roblox reports Q1 revenue up 22% YoY to $655.3M, bookings up 23% YoY to $773.8M, DAUs up 22% YoY to 66M, and a $268M loss, up from $160.2M in Q1 2022  —  – Roblox beat analyst expectations on the top line but reported a wider-than-expected loss per share of 44 cents. Lees verder op Tech Meme