Tech Meme

Nico Grant / New York Times: Documents: Google DeepMind has been working with generative AI to perform at least 21 different types of personal and professional tasks, including life advice  —  The tech giant is evaluating tools that would use artificial intelligence to perform tasks that some of its researchers have said should be avoided. Lees verder op Tech Meme

Arjun Kharpal / CNBC: Tencent reports Q2 revenue up 11% YoY to ~$20.5B, below ~$20.8B est., and operating profit up 37% YoY to ~$6.9B, as cost-cutting helps boost its core units  —  – Tencent on Wednesday reported a surge in profit for the second quarter, but missed expectations. Lees verder op Tech Meme

Kif Leswing / CNBC: Apple backtracks and moves the “end call” button back to the middle of the screen, from the bottom-right corner, in the latest iOS 17 beta  —  – Apple has moved the end call button back to the middle of the screen in the the newest developer version of iOS 17 released on Tuesday. Lees verder op Tech Meme

Hannah Miller / Bloomberg: Crypto key startup BitGo raised $100M at a $1.75B valuation from undisclosed US and Asian investors; Galaxy Digital scrapped a $1.2B BitGo acquisition in 2022  —  The crypto company raised $100 million from new investors, emphasizing its focus on following rules and regulations. Lees verder op Tech Meme

Timmy Shen / The Block: Coinbase says the exchange received regulatory approval from the CFTC-backed National Futures Association to offer futures trading services to eligible US users  —  – Coinbase is now allowed to operate as a futures commission merchant and offer eligible U.S. customers access to crypto futures from its platforms, the company said. Lees verder op Tech Meme

Politico: By the end of August, the EU DSA will force online platforms with 45M+ EU users to prove that they are ensuring that their products are not harming children  —  Glazed eyes.  One syllable responses.  The steady tinkle of beeps and buzzes coming out of a smartphone’s speakers. Lees verder op Tech Meme

Ian King / Bloomberg: Intel terminates its $5.4B deal to acquire Israeli company Tower Semiconductor after failing to win regulatory approval; the deal was announced in February 2022  —  – $5.4 billion deal scrapped after China didn’t sign off  —  Intel Corp. said it’s walking away from its attempt … Lees verder op Tech Meme

Tim Bradshaw / Financial Times: Ampere: in 2023, console video game players will spend $21B on in-game items and subscriptions, as “live service games” make the market more akin to mobile  —  Sony slashes its PlayStation 5 prices in attempt to grapple with changing player tastes Lees verder op Tech Meme

Olivia Poh / Bloomberg: Southeast Asian giant Sea dropped 29%, its largest single-day drop ever, wiping out nearly $10B in market value for a $23B market cap, down from $180B in 2021  —  – Singapore e-commerce stock drops to lowest ever as sales slow  — Competition intensifies as Alibaba, TikTok gain shopping users Lees verder op Tech Meme

Bloomberg: Sources: UK PM Rishi Sunak is planning an AI summit later in 2023 to host G7 leaders and tech executives; the historic Bletchley Park is a possible venue  —  – Premier mulls WWII code-breaking site to gather CEOs, leaders  — Wants global approach to establish ‘guardrails’ around AI Lees verder op Tech Meme