Tech Meme

Bloomberg: Sequoia’s plan for three firms, a major shift, highlights the impact of rising US-China tensions and efforts by Silicon Valley to create distance from China  —  Sequoia Capital’s plan to split itself into three separate regional firms represents a major shift at one the world’s foremost venture capital firms. Lees verder op Tech Meme

Ivan Mehta / TechCrunch: Automattic launches Jetpack AI Assistant for WordPress and Jetpack-powered sites, letting users generate content, translate text into 12 languages, and more  —  Automattic, the company behind WordPress.com and the main contributor to the open-source WordPress project, launched an AI assistant … Lees verder op Tech Meme

Javier Espinoza / Financial Times: Sources: the EU is considering a mandatory ban on using equipment from Huawei and other companies that are deemed to present a security risk in 5G networks  —  Brussels concerned lack of action by member states to bar high-risk companies threatens security of entire bloc Lees verder op Tech Meme

Wall Street Journal: Investigations: Instagram helps connect and promote a vast network of accounts openly devoted to underage sex content; Meta plans to increase its controls  —  The Meta unit’s systems for fostering communities have guided users to child-sex content; company says it is improving internal controls Lees verder op Tech Meme

Jack Schickler / CoinDesk: Filings: the SEC started its Binance.US investigation in August 2020; BAM Trading, which runs Binance.US, generated $411M revenue and $225M profit in that time  —  The securities regulator detailed evidence of hundreds of millions of dollars in profiteering by the crypto exchange as it seeks to freeze company assets. Lees verder op Tech Meme

Joe Tidy / BBC: The Clop ransomware group tells the BBC, British Airways, Boots, and others to email them or data stolen via the MOVEit hack will be released on June 14  —  A prolific cyber crime gang thought to be based in Russia has issued an ultimatum to victims of a hack that has hit organisations around the world. Lees verder op Tech Meme

Financial Times: UK tech industry insiders say hopes of a quick UK-US digital trade deal have dimmed due to soft-pedaling by the US, with no progress made since April 2022  —  Frustrations emerge as Prime Minister Rishi Sunak lands in Washington to meet President Joe Biden over economic ties Lees verder op Tech Meme

Maghan McDowell / Vogue Business: Louis Vuitton announces “Treasure Trunk” NFTs costing €39K each and granting access to future products and experiences, in a hard pivot from an NFT-based game  —  The collection of phygital “Treasure Trunks” marks the first time that the luxury brand will sell NFTs … Lees verder op Tech Meme

Casey Newton / Platformer: How Twitter, YouTube, and Meta gave up on removing lies about the 2020 US Presidential elections, having briefly banded together to do the right thing  —  For a time, they fought the good fight — but not any more  —  I.  —  On tech platforms these days you can get away with just about anything … Lees verder op Tech Meme

Maghan McDowell / Vogue Business: Louis Vuitton announces “Treasure Trunk” NFTs costing €39K each and granting access to future products and experiences, in a hard pivot from an NFT-based game  —  The collection of phygital “Treasure Trunks” marks the first time that the luxury brand will sell NFTs … Lees verder op Tech Meme