Tech Meme

Ingrid Lunden / TechCrunch: UK-based Volt, which offers open banking APIs in the UK, Europe, and Brazil, raised a $60M Series B led by IVP, a source says at a $350M valuation  —  Open banking — where traditional banks enable payments and other new services by way of APIs that give access to financial data previously locked … Lees verder op Tech Meme

Associated Press: Bernie Sanders opens a Senate investigation into Amazon’s warehouse safety practices and writes to Andy Jassy over “egregious health and safety violations”  —  Vermont Sen. Bernie Sanders has opened a Senate investigation into Amazon’s warehouse safety practices … Lees verder op Tech Meme

Dylan Tokar / Wall Street Journal: Google Cloud launches Anti Money Laundering AI, an API used by HSBC and others that relies on AI instead of the industry standard rules-based system  —  The company is looking to set itself apart from a crowded field of surveillance platforms by reducing the amount of human input in the process of screening for money-laundering risks Lees verder op Tech Meme

Kate O’Keeffe / Wall Street Journal: Sources: during the Trump administration, the US tracked Huawei and ZTE workers in Cuba, suspecting the companies might be expanding China’s spying abilities  —  Intelligence bolstered suspicions telecom giants might be playing role in expansion of China’s capabilities on island Lees verder op Tech Meme

Ivan Mehta / TechCrunch: Instagram now lets US users download Reels posted by public accounts for sharing outside the app, a feature TikTok has had for years  —  Instagram is finally letting users download Reels posted by others so they can share them outside the app.  Rival short video app TikTok has had this feature … Lees verder op Tech Meme

Bloomberg: The US, the EU, Japan, and India have committed over $100B combined for chip subsidies, as chipmakers argue costs have risen due to inflation and tech advances  —  The global race to build domestic factories and sever dependency on overseas suppliers for these critical components is spurring a spending boom … Lees verder op Tech Meme

Jay Peters / The Verge: Discord plans to let creators sell “Downloadables”, digital products available via one-time purchases, and rolls out Media Channels in beta  —  Discord plans to give creators a new way to make money from their communities by selling digital products via one-time purchases. Lees verder op Tech Meme

Financial Times: TikTok tests “Trendy Beat”, a section selling popular items from videos, in the UK; filings and sources say the products are sold by a ByteDance-owned entity  —  ByteDance experiments with selling its own products through viral app as it prepares to challenge Shein and Amazon Lees verder op Tech Meme

Ashutosh Joshi / Bloomberg: After Indian consumer tech startups refocused on profits, shares have rallied in 2023; Paytm grew 69%, adding over $2.7B, Zomato rose 28%, and Policybazaar 47%  —  India’s dream of developing a market for consumer-focused technology startups has gotten back on track as digital payments leader Paytm leads … Lees verder op Tech Meme

Todd Bishop / GeekWire: Amazon plans to hold Prime Day on July 11 and July 12 and introduce an invite-only Prime Days deals program; an Indian version will be held “later this summer”  —  In-depth Amazon coverage from the tech giant’s hometown, including e-commerce, AWS, Amazon Prime, Alexa, logistics, devices, and more. Lees verder op Tech Meme