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Tech Meme

TikTok told Ofcom the company blocked ~180K underage UK accounts a month from April 2021 to April 2022; Snap removed ~60 and stopped thousands of new accounts (Martin Coulter/Reuters) 03-03-2023

Martin Coulter / Reuters: TikTok told Ofcom the company blocked ~180K underage UK accounts a month from April 2021 to April 2022; Snap removed ~60 and stopped thousands of new accounts  —  Snapchat (SNAP.N) is kicking dozens of children in Britain off its platform each month compared with tens of thousands blocked by rival TikTok … Lees verder op Tech Meme

London-based Electrify Video Partners, which invests in, and acquires, established YouTube channels “with a solid income”, raised $50M led by MEP Capital (James Hale/Tubefilter) 03-03-2023

James Hale / Tubefilter: London-based Electrify Video Partners, which invests in, and acquires, established YouTube channels “with a solid income”, raised $50M led by MEP Capital  —  Electrify Video Partners has raised $50 million to invest in and acquire YouTube channels. Lees verder op Tech Meme

Internal docs detail efforts by Tether Holdings and Bitfinex to maintain access to the global banking system by using shadowy intermediaries and shell companies (Wall Street Journal) 03-03-2023

Wall Street Journal: Internal docs detail efforts by Tether Holdings and Bitfinex to maintain access to the global banking system by using shadowy intermediaries and shell companies  —  Tether Holdings and related crypto broker obscured identities, documents show  —  In late 2018, the companies behind … Lees verder op Tech Meme

Sources: Founders Fund cut Fund VIII, which is expected to start deploying capital in Q2 2023, from ~$1.8B to ~$900M; the money will be pushed to its ninth fund (Axios) 03-03-2023

Axios: Sources: Founders Fund cut Fund VIII, which is expected to start deploying capital in Q2 2023, from ~$1.8B to ~$900M; the money will be pushed to its ninth fund  —  Founders Fund has quietly cut the size of its eighth venture capital fund in half, from around $1.8 billion to around $900 million, Axios has learned from multiple sources. Lees verder op Tech Meme

Meta cuts the price of Quest Pro, its mixed and virtual reality headset meant for business users, from $1,500 to $1,000, and its 256GB Quest 2 from $500 to $430 (Mitchell Clark/The Verge) 03-03-2023

Mitchell Clark / The Verge: Meta cuts the price of Quest Pro, its mixed and virtual reality headset meant for business users, from $1,500 to $1,000, and its 256GB Quest 2 from $500 to $430  —  Mark Zuckerberg has announced that the Meta Quest Pro, the company’s mixed and virtual reality headset focused on business users … Lees verder op Tech Meme

London-based Electrify Video Partners, which invests in and acquires YouTube channels, raised $50M led by MEP Capital (James Hale/Tubefilter) 03-03-2023

James Hale / Tubefilter: London-based Electrify Video Partners, which invests in and acquires YouTube channels, raised $50M led by MEP Capital  —  Electrify Video Partners has raised $50 million to invest in and acquire YouTube channels.  —  London-based Electrify was co-founded in May 2021 by Ian Shepherd … Lees verder op Tech Meme

Internal documents detail efforts by Tether Holdings and Bitfinex to maintain access to the banking system by using shadowy intermediaries and shell companies (Wall Street Journal) 03-03-2023

Wall Street Journal: Internal documents detail efforts by Tether Holdings and Bitfinex to maintain access to the banking system by using shadowy intermediaries and shell companies  —  Tether Holdings and related crypto broker obscured identities, documents show  —  In late 2018, the companies behind … Lees verder op Tech Meme

Coinbase acquires One River, a crypto asset management startup that serves only institutional clients, like pension funds; One River was valued at $186M in 2021 (Erik Schatzker/Bloomberg) 03-03-2023

Erik Schatzker / Bloomberg: Coinbase acquires One River, a crypto asset management startup that serves only institutional clients, like pension funds; One River was valued at $186M in 2021  —  Coinbase Global Inc., still reeling from a plunge in trading volume on its exchanges, is expanding into a less-volatile corner … Lees verder op Tech Meme

Meta plans to fully or partly implement 26 of the Oversight Board's 32 recommendations for its VIP cross-check system, including regular transparency reports (Jeff Horwitz/Wall Street Journal) 03-03-2023

Jeff Horwitz / Wall Street Journal: Meta plans to fully or partly implement 26 of the Oversight Board’s 32 recommendations for its VIP cross-check system, including regular transparency reports  —  Meta Platforms accepts most recommendations from its oversight board, but rejects key provisions Lees verder op Tech Meme

US lawmakers warn about AI, but few are trying regulation and many struggle to understand the tech and its dangers; EU policymakers proposed AI rules in 2021 (New York Times) 03-03-2023

New York Times: US lawmakers warn about AI, but few are trying regulation and many struggle to understand the tech and its dangers; EU policymakers proposed AI rules in 2021  —  Tech innovations are again racing ahead of Washington’s ability to regulate them, lawmakers and A.I. experts said. Lees verder op Tech Meme