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Tech Meme

Filing: autonomous sidewalk delivery company Serve Robotics, which was spun out from Uber-owned Postmates and raised $56M, to go public via a SPAC merger (Kirsten Korosec/TechCrunch) 10-08-2023

Kirsten Korosec / TechCrunch: Filing: autonomous sidewalk delivery company Serve Robotics, which was spun out from Uber-owned Postmates and raised $56M, to go public via a SPAC merger  —  Serve Robotics, the autonomous sidewalk delivery robot startup that spun out of Uber’s acquisition of Postmates, is going public via a reverse merger with a blank check company. Lees verder op Tech Meme

In an interview, X CEO Linda Yaccarino says she has “autonomy” under Elon Musk, X plans to add video calls, is “close” to break-even as brands return, and more (Rohan Goswami/CNBC) 10-08-2023

Rohan Goswami / CNBC: In an interview, X CEO Linda Yaccarino says she has “autonomy” under Elon Musk, X plans to add video calls, is “close” to break-even as brands return, and more  —  Twitter CEO Elon Musk, left, speaks with Linda Yaccarino on April 18, 2023. Lees verder op Tech Meme

Check Point buys rival cybersecurity company Perimeter 81 for $490M in a “cash free, debt free” deal; Perimeter 81 raised $100M at a $1B valuation in June 2022 (Ingrid Lunden/TechCrunch) 10-08-2023

Ingrid Lunden / TechCrunch: Check Point buys rival cybersecurity company Perimeter 81 for $490M in a “cash free, debt free” deal; Perimeter 81 raised $100M at a $1B valuation in June 2022  —  There is yet more M&A coming out of the security industry.  In the latest development, Check Point … Lees verder op Tech Meme

Samsung Galaxy Z Fold 5 review: powerful multitasking, new hinge folds flat, and good support, but still pricey, heavy, and clunky, with unknown durability (Allison Johnson/The Verge) 10-08-2023

Allison Johnson / The Verge: Samsung Galaxy Z Fold 5 review: powerful multitasking, new hinge folds flat, and good support, but still pricey, heavy, and clunky, with unknown durability  —  Samsung’s head start in foldables is paying off, but it’ll have to do more next time around to stay in front. Lees verder op Tech Meme

Sources: Amazon cuts dozens of in-house brands in clothing, furniture, and more to placate regulators and grow profits; Amazon says Basics will remain a focus (Dana Mattioli/Wall Street Journal) 10-08-2023

Dana Mattioli / Wall Street Journal: Sources: Amazon cuts dozens of in-house brands in clothing, furniture, and more to placate regulators and grow profits; Amazon says Basics will remain a focus  —  Company’s cuts include all but three of its 30 clothing labels, such as Goodthreads and Lark & Ro Lees verder op Tech Meme

X CEO Linda Yaccarino reinstates the company's “client council”, an invite-only group of marketing and ad executives whose members have not yet been decided (Hannah Murphy/Financial Times) 10-08-2023

Hannah Murphy / Financial Times: X CEO Linda Yaccarino reinstates the company’s “client council”, an invite-only group of marketing and ad executives whose members have not yet been decided  —  New CEO tries to mend fences with brands after Elon Musk took over platform formerly known as Twitter Lees verder op Tech Meme

SMIC reports Q2 revenue down 18% YoY to $1.9B and net income dropped 21.7% YoY to $402.76M, weighed down by US sanctions and slow global chip supply demand (Sheila Chiang/CNBC) 10-08-2023

Sheila Chiang / CNBC: SMIC reports Q2 revenue down 18% YoY to $1.9B and net income dropped 21.7% YoY to $402.76M, weighed down by US sanctions and slow global chip supply demand  —  – SMCIC posted a drop in second-quarter revenue amid ongoing U.S. sanctions and a sluggish recovery in global chip demand. Lees verder op Tech Meme

Google, American Airlines, and Bill Gates' Breakthrough Energy partner to create more sustainable flight routes by avoiding those that create contrails (Justine Calma/The Verge) 10-08-2023

Justine Calma / The Verge: Google, American Airlines, and Bill Gates’ Breakthrough Energy partner to create more sustainable flight routes by avoiding those that create contrails  —  Google has been working with American Airlines and Bill Gates’ climate investment fund, Breakthrough Energy, to chart more sustainable flight routes. Lees verder op Tech Meme

Filing: FTX criticizes “unrestricted” traders and market makers on its creditor panel, accusing them of seeking control of assets and “unprofessional conduct” (Suvashree Ghosh/Bloomberg) 10-08-2023

Suvashree Ghosh / Bloomberg: Filing: FTX criticizes “unrestricted” traders and market makers on its creditor panel, accusing them of seeking control of assets and “unprofessional conduct”  —  – Spat erupts between FTX’s administrators and creditor panel  — Administrators say panel may be willing to ‘gamble’ assets Lees verder op Tech Meme

The EU did not immediately follow Biden's EO banning Chinese tech investment outright and instead plans to release its own proposals by year-end (Financial Times) 10-08-2023

Financial Times: The EU did not immediately follow Biden’s EO banning Chinese tech investment outright and instead plans to release its own proposals by year-end  —  Brussels unwilling to follow suit straight away and says it will issue its own proposals by year-end  —  The EU has signalled … Lees verder op Tech Meme