Tech Meme

Sebastian Herrera / Wall Street Journal: A profile of Amazon executive Rohit Prasad, who now oversees a new team of thousands to develop AI products for an Alexa upgrade and other businesses  —  Rohit Prasad is tasked with making the company a stronger rival to the likes of OpenAI, Microsoft and Google Lees verder op Tech Meme

Saritha Rai / Bloomberg: Mumbai-based Qure.AI, which uses AI to help identify and manage critical diseases at 3K+ imaging sites, raised a $65M Series D led by Lightspeed and 360 ONE  —  It plans to use the proceeds to expand in the US and other markets, improve its generative AI foundation models and fund acquisitions. Lees verder op Tech Meme

Aditya Kalra / Reuters: Sources: Xiaomi asked India to recall its report that found the company and Walmart’s Flipkart breached competition laws, saying it contains commercial secrets  —  China’s Xiaomi (1810.HK) has asked India’s antitrust body to recall its report that found the company and Walmart’s Flipkart … Lees verder op Tech Meme

Swati Gupta / Bloomberg: The US and India announce plans for a new chip plant in India, producing infrared, gallium nitride, and silicon carbide chips, as Narendra Modi visits the US  —  – Plant to manufacture chips including infrared, gallium nitride  — Narendra Modi is visiting the US for the annual Quad summit Lees verder op Tech Meme

Sergiu Gatlan / BleepingComputer: The FBI arrests and charges two people in Miami over a conspiracy to steal and launder 4,100+ BTC, worth $230M+; ZachXBT says they targeted a Genesis creditor  —  Two suspects were arrested in Miami this week and charged with conspiracy to steal and launder over $230 million in cryptocurrency using crypto exchanges and mixing services. Lees verder op Tech Meme

Phuong Nguyen / Reuters: Samsung plans to invest $1.8B to build a factory in northern Vietnam to make OLED displays for cars and tech equipment; Samsung has invested $22.4B in Vietnam  —  South Korean electronic manufacturer Samsung Display Co plans to invest $1.8 billion for a factory this year in northern Vietnam … Lees verder op Tech Meme

Jemima Kelly / Financial Times: Similarweb: daily X users in the UK fell from 8M in May 2023 to 5.6M now, with 33%+ of the fall coming after the summer riots; US DAUs fell by ~20% in that time  —  The great migration from Elon Musk’s X has seen users, especially progressives, retreat into one particular silo Lees verder op Tech Meme

Financial Times: Legacy carmakers struggle to keep pace as the focus shifts from engines to computing power; only Ford, GM, and BMW are in Gartner’s digital performance top 10  —  Legacy carmakers have struggled to keep pace as the focus has turned from the engine to computing power Lees verder op Tech Meme

Wall Street Journal: Sources: TSMC and Samsung executives have visited the UAE and are considering building UAE-funded chip factories; TSMC denies any new international expansion  —  Potential projects in the United Arab Emirates could be worth more than $100 billion, though major hurdles remain Lees verder op Tech Meme

Financial Times: AI copilots are evolving into AI agents designed to take actions on behalf of users, as business software companies experiment with ways to sell generative AI  —  Microsoft, Salesforce and Workday latest to centre their plans on ‘AI agents’ as technology advances Lees verder op Tech Meme