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Tech Meme

Roku plans to lay off 300+ staff, or 10% of its workforce, to cut costs and will take a ~$65M impairment charge in the current quarter to remove some content (Todd Spangler/Variety) 06-09-2023

Todd Spangler / Variety: Roku plans to lay off 300+ staff, or 10% of its workforce, to cut costs and will take a ~$65M impairment charge in the current quarter to remove some content  —  Roku will cut more than 300 staffers — laying off 10% of its workforce — as the streaming-platform company continues its battle to control costs. Lees verder op Tech Meme

Story Protocol, a blockchain-based IP ownership network that aims to address creatives' concerns over AI, raised over $54M led by Andreessen Horowitz (André Beganski/Decrypt) 06-09-2023

André Beganski / Decrypt: Story Protocol, a blockchain-based IP ownership network that aims to address creatives’ concerns over AI, raised over $54M led by Andreessen Horowitz  —  Andreessen Horowitz invested in a startup that uses blockchain tech to address problems heightened by artificial intelligence. Lees verder op Tech Meme

A look at U.S. et al v. Google, the federal government's first monopoly trial of the modern internet era, set to last 10 weeks; top execs are likely to testify (New York Times) 06-09-2023

New York Times: A look at U.S. et al v. Google, the federal government’s first monopoly trial of the modern internet era, set to last 10 weeks; top execs are likely to testify  —  The 10-week trial, set to begin Tuesday, amps up efforts to rein in Big Tech by targeting the core search business that turned Google into a $1.7 trillion behemoth. Lees verder op Tech Meme

The EU lists the 22 services falling under the Digital Markets Act, including TikTok and Facebook, and will assess if Microsoft's services and iMessage qualify (Samuel Stolton/Bloomberg) 06-09-2023

Samuel Stolton / Bloomberg: The EU lists the 22 services falling under the Digital Markets Act, including TikTok and Facebook, and will assess if Microsoft’s services and iMessage qualify  —  – Tech firms set to challenge EU in digital antitrust clampdown  — Apple’s App Store, Google Search, Amazon marketplace on list Lees verder op Tech Meme

The UK says a bug caused its air traffic system to confuse two checkpoints 4,000 nautical miles apart, leading to a huge outage, and plans to review the issue (Kate Duffy/Bloomberg) 06-09-2023

Kate Duffy / Bloomberg: The UK says a bug caused its air traffic system to confuse two checkpoints 4,000 nautical miles apart, leading to a huge outage, and plans to review the issue  —  – Checkpoints 4,000 miles apart had duplicate identifiers  — System update in the works, NATS says after day of disruption Lees verder op Tech Meme

Sources: KKR plans to float chip equipment maker Hitachi Kokusai Electric in Tokyo, aiming for a ~$2.7B valuation, up 60% from KKR's 2017 acquisition price (Financial Times) 06-09-2023

Financial Times: Sources: KKR plans to float chip equipment maker Hitachi Kokusai Electric in Tokyo, aiming for a ~$2.7B valuation, up 60% from KKR’s 2017 acquisition price  —  Private equity group aims to float Hitachi Kokusai Electric at valuation that would make it Japan’s biggest initial public offering since 2018 Lees verder op Tech Meme

Story Protocol, a blockchain-based IP ownership network that aims to address creatives' concerns over AI, raised over $54M led by Andreessen Horowitz (André Beganski/Decrypt) 06-09-2023

André Beganski / Decrypt: Story Protocol, a blockchain-based IP ownership network that aims to address creatives’ concerns over AI, raised over $54M led by Andreessen Horowitz  —  Andreessen Horowitz invested in a startup that uses blockchain tech to address problems heightened by artificial intelligence. Lees verder op Tech Meme

MetaMask says its customers in the US, the UK, and parts of Europe can now convert ether for traditional fiat currency via its new sell function (RT Watson/The Block) 06-09-2023

RT Watson / The Block: MetaMask says its customers in the US, the UK, and parts of Europe can now convert ether for traditional fiat currency via its new sell function  —  – Company announces customers can now convert crypto for traditional fiat currency with a new sell function. Lees verder op Tech Meme

Sundar Pichai reflects on Google turning 25: search is “still our biggest moonshot”, AI will be the biggest tech shift “we see in our lifetimes”, and more (Sundar Pichai/The Keyword) 06-09-2023

Sundar Pichai / The Keyword: Sundar Pichai reflects on Google turning 25: search is “still our biggest moonshot”, AI will be the biggest tech shift “we see in our lifetimes”, and more  —  Editor’s note: Google will officially celebrate our 25th birthday later this month. Lees verder op Tech Meme

Pakistan's tech workers are leaving the country, as funding dries up, companies close, and more; data: 800K+ Pakistanis got jobs abroad in 2022, up 189% YoY (Zuha Siddiqui/Rest of World) 06-09-2023

Zuha Siddiqui / Rest of World: Pakistan’s tech workers are leaving the country, as funding dries up, companies close, and more; data: 800K+ Pakistanis got jobs abroad in 2022, up 189% YoY  —  Inflation and dried-up VC funding have caused the country’s tech ecosystem to plummet, prompting young people to search for greener pastures abroad. Lees verder op Tech Meme