Tech Meme

Rohan Goswami / CNBC: Ericsson pleads guilty to US bribery violations and agrees to pay a $206M+ penalty; in 2019, the company paid $1.06B+ in fines to the US DOJ and SEC for bribery  —  – Ericsson will pay over $200 million in penalties for allegedly violating a non-prosecution agreement regarding the company’s years-long bribery campaigns. Lees verder op Tech Meme

Wall Street Journal: Dell reports Q4 revenue down 11% YoY to $25B, commercial revenue down 17% YoY to $10.7B, and names Yvonne McGill as CFO, replacing Tom Sweet effective August 5  —  Corporate controller Yvonne McGill will become chief financial officer in August as Dell’s longtime CFO is set to depart Lees verder op Tech Meme

Mia Sato / The Verge: CNET EIC Connie Guglielmo, who defended CNET writing articles using AI tools, steps down to become Red Ventures’ SVP of AI content strategy and editor-at-large  —  Following monthslong questions about how CNET uses artificial intelligence tools, longtime CNET editor-in-chief Connie Guglielmo … Lees verder op Tech Meme

Madhumita Murgia / Financial Times: Sources: Inflection AI, founded by LinkedIn’s Reid Hoffman and DeepMind’s Mustafa Suleyman, is in talks to raise up to $675M, after raising $225M in 2022  —  DeepMind co-founder Mustafa Suleyman and LinkedIn Creator Reid Hoffman’s start-up is building a personal assistant for the web Lees verder op Tech Meme

Axios: Sources: Founders Fund cut the size of its Fund VIII, which hasn’t begun deploying capital, 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

Mitchell Clark / The Verge: Meta cuts the price of Quest Pro, its mixed and virtual reality headset focused on business users, from $1,500 to $1,000; 256GB Quest 2 drops 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

Matt Day / Bloomberg: Amazon pauses second phase of construction of its HQ2 in Virginia as it reassesses office needs following its deepest-ever job cuts; phase one nears completion  —  Amazon.com Inc. is pausing construction on its sprawling second headquarters near Washington, a decision that coincides … Lees verder op Tech Meme

Erik Schatzker / Bloomberg: Coinbase buys One River, a crypto asset management startup that serves only institutional clients such as 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

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

New York Times: Few US lawmakers are taking action to regulate AI, as many struggle to understand the technology and its dangers, unlike the EU which 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