Tech Meme

Jillian Deutsch / Bloomberg: The EU enacts the €43B Chips Act, part of ambitious plans to produce 20% of the world’s chips by 2030, after final approval from ministers  —  The European Union’s plan to bolster domestic semiconductor production will become law after ministers completed the final approval on Tuesday. Lees verder op Tech Meme

Ashley Carman / Bloomberg: Spotify reports Q2 revenue rose 11% YoY to €3.2B, Premium subscribers grew 17% YoY to 220M, MAUs rose 27% YoY to 551M, and a €112M adjusted operating loss  —  Spotify Technology SA, the Swedish audio streaming platform, beat analyst expectations in its second-quarter results … Lees verder op Tech Meme

Ashley Carman / Bloomberg: Spotify reports Q2 revenue rose 11% YoY to €3.2B, Premium subscribers grew 17% YoY to 220M, MAUs rose 27% YoY to 551M, and a €112M adjusted operating loss  —  Spotify Technology SA, the Swedish audio streaming platform, beat analyst expectations in its second-quarter results … Lees verder op Tech Meme

Financial Times: Sam Altman’s fission startup Oklo and life-extension startup Retro, alongside OpenAI and Worldcoin, may reshape society and will draw regulatory scrutiny  —  OpenAI chief says public sector has ‘lack of will’ to lead innovation  —  Sam Altman rolled out a new project to distinguish humans … Lees verder op Tech Meme

Bloomberg: FTC Chair Lina Khan defends the agency’s court record, saying “losing two is OK” and acknowledging difficulties in the Microsoft case due to “vertical mergers”  —  – FTC chair says agency has only two losses out of 13-20 filed  — Agency is appealing court ruling on largest gaming deal ever Lees verder op Tech Meme

Guy Chazan / Financial Times: GlobalFoundries CEO Thomas Caulfield criticizes Germany’s planned chip subsidies for TSMC, saying the company welcomes competition “on a level playing field”  —  Chief executive Thomas Caulfield warns that funds from Berlin will distort competition Lees verder op Tech Meme

Manish Singh / TechCrunch: Prosus says Indian edtech giant Byju’s “disregarded advice” on “strategic, operational, legal, and corporate governance”, after cutting its valuation to $5.1B  —  Prosus, one of the largest investors in Byju’s, expressed its disappointment in the edtech giant’s reporting … Lees verder op Tech Meme

Vlad Savov / Bloomberg: Elon Musk says Twitter “made sense when it was just 140 character messages” and the move “is not simply a company renaming itself, but doing the same thing”  —  – Billionaire to build fintech services atop social platform  — Discarding the Twitter name reflects loftier goals, he says Lees verder op Tech Meme

Reuters: Driven by AI demand, TSMC plans to spend nearly $2.9B to build an advanced packaging facility in northern Taiwan and says current capacity is “very tight”  —  Driven by a surge in demand for artificial intelligence, Taiwanese chip maker TSMC (2330.TW) plans to invest nearly T$90 billion … Lees verder op Tech Meme

Ashley Carman / Bloomberg: Spotify reports Q2 revenue rose 11% YoY to €3.2B, Premium subscribers grew 17% YoY to 220M, MAUs rose 27% YoY to 551M, and a €112M adjusted operating loss  —  Spotify Technology SA, the Swedish audio streaming platform, beat analyst expectations in its second-quarter results … Lees verder op Tech Meme