Tech Meme

Casey Newton / Platformer: Reddit’s API changes stem from LLMs driving up the value of its data, a long-planned IPO, and profitable third-party clients generating no revenue for Reddit  —  As it moves to shut down third-party apps, the site’s self-governing ethos comes back to haunt it  —  I. Lees verder op Tech Meme

Ingrid Lunden / TechCrunch: Austin-based Striveworks, which is building MLOps tools for training models and data cleaning, raised $33M from Centana Growth, its first outside funding  —  MLOps, or DevOps for those working with machine learning models, has seen a boom of interest in the last year, and that should come as no surprise … Lees verder op Tech Meme

Vishal Chawla / The Block: SDNY releases documents in which an ex-SEC director suggested ether and bitcoin were not securities in 2018, which crypto advocates say undermines the SEC  —  David Paul Morris/Bloomberg via Getty Images  — Certain documents related to former SEC director William Hinman have been released in the SEC’s lawsuit against Ripple Labs. Lees verder op Tech Meme

Financial Times: Saudi Arabia’s Savvy Games Group has spent ~$8B of its $38B war chest acquiring and building stakes in gaming companies globally in the past 18 months  —  Savvy shells out $8bn on deals in 18 months in rapid push to diversify revenues and acquire soft power Lees verder op Tech Meme

Financial Times: Investor letter: Insight Partners slashes the $20B target for its latest fund to $15B, after raising just $2B since June 2022, citing a “great reset in tech”  —  New York-based venture capital firm said it will scale back the pace of its dealmaking as valuations have slumped Lees verder op Tech Meme

Allison Johnson / The Verge: Nothing plans to release the Nothing Phone 2 on July 11, offering a Snapdragon 8 Plus Gen 1 chip and bigger battery, widely available in the US  —  We knew that the Nothing Phone 2 would arrive next month, and now we have a precise date: July 11th, a day shy of the Phone 1’s first birthday. Lees verder op Tech Meme

Mark Savage / BBC: Paul McCartney says AI helped “extricate” John Lennon’s voice from an old demo to complete what he calls “the final Beatles record”, set for release in 2023  —  Sir Paul McCartney says he has employed artificial intelligence to help create what he calls “the final Beatles record”. Lees verder op Tech Meme

Biz Carson / Bloomberg: In a first, Larry Ellison passes Bill Gates to become the world’s fourth-richest person with a $129.8B net worth; ORCL has risen 42% in 2023 on the AI boom  —  The optimism around artificial intelligence boosted both Oracle Corp.’s stock — and founder Larry Ellison’s net worth — to record highs on Monday. Lees verder op Tech Meme

Krystal Hu / Reuters: Sources: SoftBank plans a new round of Vision Fund layoffs, impacting up to 30% of the staff at the unit; Vision Fund had 349 staff at the end of March 2023  —  SoftBank Group Corp (9984.T) is planning a fresh round of layoffs at its Vision Fund investment arm, two people familiar with the matter said … Lees verder op Tech Meme

Financial Times: A look at the global network of subsea internet cables, dominated by companies from France, the US, and Japan, as China circumvents US curbs to build its own  —  Nearly 1.4mn kilometres of metal-encased fibre criss-crosses the world’s oceans, speeding internet traffic seamlessly around the globe. Lees verder op Tech Meme