Tech Meme

TechCrunch: NYC-based Via plans to acquire London-based Citymapper, which has ~50M users and raised ~$60M; sources say investors are mostly not making their money back  —  Last month, when transportation startup Via raised $110 million at a $3.5 billion valuation, CEO Daniel Ramot said it planned … Lees verder op Tech Meme

Sam Kessler / CoinDesk: The Arbitrum Foundation, which develops the Ethereum Layer 2 platform Arbitrum, plans to airdrop its long-awaited ARB token on March 23 and transition to a DAO  —  The long-awaited ARB token will grant holders the ability to vote on changes to the leading Ethereum layer 2 network. Lees verder op Tech Meme

Mia Sato / The Verge: TikTok adds a Refresh button to the For You feed, resetting recommendations to those shown to new signups, after testing the feature in February 2023  —  TikTok is adding a way for users to “refresh” For You page content when they want to switch up their feed. Lees verder op Tech Meme

Reuters: Sources: Samsung’s planned chip plant in Taylor, Texas, will now cost over $25B, up from its $8B initial forecasts, due to inflation and rising material costs  —  A chip plant that South Korea’s Samsung Electronics Co Ltd (005930.KS) is building in Taylor, Texas, will cost … Lees verder op Tech Meme

Stu Woo / Wall Street Journal: TikTok CEO Shou Zi Chew says divesting from ByteDance won’t fix US concerns, rules out an IPO, and claims the app is unprofitable due to data security spending  —  Shou Zi Chew goes to Capitol Hill next week, as Biden administration demands a divestiture from app’s Chinese owner Lees verder op Tech Meme

Nitasha Tiku / Washington Post: How San Francisco’s Hayes Valley, or “Cerebral Valley”, became a hotbed for “hacker houses” and AI events, as the AI gold rush revives the Bay Area’s tech scene  —  The money and power flooding into AI are warping and intensifying the typical Silicon Valley gold rush, now set to explode with the launch of GPT-4 Lees verder op Tech Meme

Jen Wieczner / New York Magazine: Q&A with Signature Bank board member Barney Frank on the bank’s downfall, the impact on crypto, weakening Dodd-Frank in 2018, tougher regulation, and more  —  The sudden string of bank failures over the past week conjured traumatic flashbacks of the 2008 financial crisis for many a banker. Lees verder op Tech Meme

Ryan Broderick / Garbage Day: OpenAI’s GPT-4 is an outrageous, if imperfect, step forward, offering a glimpse of a future internet where generative AI creates one big personalized web portal  —  Read to the end for a good Twitter reply  —  Building A Portal To Everything  —  Very often I will come up with a big existential question … Lees verder op Tech Meme

Jesse Hamilton / CoinDesk: The US Federal Reserve plans to activate its real-time FedNow Service payments system in July, seeking to improve clearing transactions between institutions  —  The new government-operated payments system – often used as an argument against the need for crypto’s payments innovations … Lees verder op Tech Meme

Debby Wu / Bloomberg: TSMC founder Morris Chang says chip industry globalization “is dead” and he “agrees” with US embargoes on China’s chip sector, which is five years behind Taiwan  —  Taiwan Semiconductor Manufacturing Co. founder Morris Chang declared globalization for the chip industry … Lees verder op Tech Meme