Tech Meme

Kyle Wiggers / TechCrunch: DigitalOcean plans to acquire NYC-based Paperspace, which offers cloud computing for AI models, for $111M in cash; Paperspace had raised $35M from YC and others  —  DigitalOcean, the cloud hosting business, today announced that it’s agreed to acquire Paperspace, a New York-based cloud computing … Lees verder op Tech Meme

Bloomberg: A test by the New York Fed and big banks on a private blockchain finds tokenized deposits can improve wholesale payments without “insuperable legal impediments”  —  A monthslong test with some of the world’s largest banks found that digital dollars could be an effective … Lees verder op Tech Meme

Kate Park / TechCrunch: Tokyo-based Telexistence, which develops AI-powered robotic arms for retail and logistics, raised a $170M Series B from SoftBank, Airbus Ventures, and others  —  SoftBank is backing Japanese robotics startup Telexistence, making good on the tech giant’s recent pledge to go back on the investment offensive … Lees verder op Tech Meme

Christine Hall / TechCrunch: NYC-based fintech Clair, which helps workers get paid after completing a shift, raised $25M led by Thrive Capital and $150M in debt from partner bank Pathward  —  After developing a free earned-wage advance offering for frontline workers two years ago, fintech company Clair is back with a new tool … Lees verder op Tech Meme

Dell Cameron / Wired: A look at a “must-pass” National Defense Authorization Act amendment, which would forbid US government agencies from buying citizens’ search histories and more  —  An amendment to the National Defense Authorization Act would forbid government entities from buying Americans’ search histories, location data, and more. Lees verder op Tech Meme

Antoine Gara / Financial Times: US fintech group FIS plans to sell a majority stake in its merchant payments arm Worldpay to private equity firm GTCR for up to $18.5B, including $11.7B in cash  —  Sale to GTCR will be one of the biggest corporate carve-outs in history  —  US financial technology group Fidelity National … Lees verder op Tech Meme

Ben Blanchard / Reuters: TSMC does not expect China’s gallium and germanium export curbs to have any “impact on TSMC’s production”; a Chinese official warns the rules are “just a start”  —  Taiwan’s TSMC (2330.TW), the world’s largest contract chipmaker, said on Thursday it does not expect … Lees verder op Tech Meme

Olivia Solon / Bloomberg: Mastercard says nine big UK banks, including Lloyds and NatWest, signed up to use its AI-based Consumer Fraud Risk system, trained on years of transaction data  —  Mastercard Inc. is selling a new artificial intelligence-powered tool that helps banks more effectively spot if their customers are trying to send money to fraudsters. Lees verder op Tech Meme

Taylor Hatmaker / TechCrunch: Mark Zuckerberg says Threads now has over 30M signups, up from 10M within seven hours of launch, 5M in four hours, and 2M in two hours  —  Update July 6, 11:45 AM IST: Zuckerberg noted that Threads crossed the milestone of 10 million signups within seven hours of launch. Lees verder op Tech Meme

Bloomberg: A test by the NY Fed and a group of banks on a private blockchain finds tokenized dollars can improve wholesale payments without “insuperable legal impediments”  —  A monthslong test with some of the world’s largest banks found that digital dollars could be an effective … Lees verder op Tech Meme