Tech Meme

Bloomberg: Sources: senior EU and US officials are concerned about China’s accelerated push into the production of older-generation chips made with 28nm equipment or above  —  – China is building more plants than others despite US sanctions  — Officials are worried about impact on domestic chip plans Lees verder op Tech Meme

The Economic Times: A regulatory disclosure shows that Fidelity has halved the valuation of Indian business messaging startup Gupshup to $697M, down from $1.4B in July 2021  —  Fidelity Blue Chip Growth Fund’s stake in the San Francisco-headquartered startup was valued at nearly $11.09 million as of April 30, 2023, which it successively marked down. Lees verder op Tech Meme

Emma Roth / The Verge: The BBC launches social.bbc, an “experimental” Mastodon server with posts from a handful of BBC accounts, and says it will try out the server for six months  —  The BBC has launched its own “experimental” Mastodon server, marking one of the first major news outlets to establish an instance on the Twitter alternative. Lees verder op Tech Meme

Ray Schultz / MediaPost: DoubleVerify, which offers software for digital media measurement and analytics, agrees to acquire digital ad campaign optimization company Scibids for $125M  —  DoubleVerify is acquiring Scibids, a digital campaign optimization firm.  —  The cash-and-stock transaction is valued at $125 million … Lees verder op Tech Meme

Andy Robinson / Video Games Chronicle: Sources: Nintendo plans to release a new console in H2 2024, with portable mode, an LCD screen, and a cartridge slot; key partners already have development kits  —  Development kits for Nintendo’s next console are now with key partner studios, with launch planned for next year, sources have told VGC. Lees verder op Tech Meme

Joseph Menn / Washington Post: The California Privacy Protection Agency plans to review manufacturers’ treatment of data collected from vehicles, including locations and images from cameras  —  Modern cars are computers filled with data, with few clear manufacturer policies on what happens to it Lees verder op Tech Meme

Shruti Khairnar / FinTech Futures: Seoul-based Finda, which runs an online loan comparison service, raised a ~$37M Series C from JB Financial and 500 Global; Finda brokered ~$3B in loans in 2022  —  South Korean fintech Finda, which operates a loan comparison platform, has secured $37 million (KRW 47 billion) in Series C funding from JB Financial Group and 500 Global. Lees verder op Tech Meme

Elizabeth Howcroft / Reuters: A German data watchdog says it has been probing Worldcoin since November 2022 due to concerns over the project processing “sensitive data at a very large scale”  —  A German data watchdog has been investigating OpenAI CEO Sam Altman’s Worldcoin project since late last year due … Lees verder op Tech Meme

Nikhilesh De / CoinDesk: A US judge denies Terraform Labs’ motion to dismiss an SEC lawsuit, saying the SEC made a “plausible claim” that UST and LUNA may have violated securities law  —  Terraform Labs argued that there was no contract in the sale of UST to retail investors. Lees verder op Tech Meme

Anissa Gardizy / The Information: Sources: Nvidia has asked some cloud provider startups for their customers’ names; it also ensures some upstart cloud providers get early shipments of new chips  —  Nvidia plays favorites with its newest, much-sought-after chips for artificial intelligence, steering them to small cloud providers … Lees verder op Tech Meme