Bloomberg: Sources: Ant Group plans to exclude blockchain and other businesses from its financial-related unit that will be used for a Chinese financial holding license — – Ant plans to break off overseas, blockchain units: sources — State-owned firms plan to take part in Ant’s share buyback Lees verder op Tech Meme
Sarah Perez / TechCrunch: Amazon adds a page to alert customers of recalled or unsafe products within users’ accounts; US sellers can opt-in to Amazon’s service to manage recalled items — Amazon today introduced a new feature that will allow consumers to be better informed about potential product safety alerts and recalls. Lees verder op Tech Meme
Lauren Tara LaCapra / The Information: Former employees detail how the Apple Card partnership between Apple and Goldman Sachs soured; a source says Apple Card had ~10M users as of earlier this year — Apple and Goldman Sachs were in test runs before embarking publicly on one of the biggest-name partnerships ever between tech and finance. Lees verder op Tech Meme
Gerrit De Vynck / Washington Post: AI pioneer Yoshua Bengio, Anthropic CEO Dario Amodei, and Berkeley CS professor Stuart Russell warn Congress that AI could cause serious harms in a few years — Two AI researchers and the CEO of AI startup Anthropic testified about the long-term risks of AI and said Congress needs to institute rules to control it Lees verder op Tech Meme
Newley Purnell / Wall Street Journal: Meta hasn’t labeled propaganda accounts of state-backed media from Russia and other authoritarian governments on Threads, unlike on Facebook and Instagram — State-backed media accounts have hundreds of thousands of followers without the labels they are made to carry on Instagram and Facebook Lees verder op Tech Meme
Bloomberg: SK Hynix reports Q2 revenue down 47% YoY to ~$5.7B, beating an average projection of ~$4.7B, and a ~$2.3B operating loss, in line with expectations — – AI boosting high-end chip sales, but overall demand still soft — Hynix gearing up to expand output of high-capacity DRAM Lees verder op Tech Meme
RT Watson / The Block: Flashbots, whose service proposes blocks for validators running the Ethereum blockchain, raised a $60M Series B led by Paradigm at a $1B valuation — – Startup Flashbots raised $60 million from both venture capitalists and other players in the blockchain space. Lees verder op Tech Meme
Josh Sisco / Politico: Sources: the FTC is finalizing its antitrust suit against Amazon and is likely to file its case in federal court rather than its own tribunal as soon as August — A case would be a high-water mark for FTC Chair Lina Khan who gained prominence criticizing the company’s dominance. Lees verder op Tech Meme
Wall Street Journal: Emails: X offers discounts on new video ads in the US and UK and warns advertisers that they will lose verified status unless they reach spending thresholds — Social-media site X is offering hefty discounts to lure back ad dollars — X Corp. is cutting ad prices as it tries to woo brands back to the Elon Musk-owned platform. Lees verder op Tech Meme
Tom Warren / The Verge: Microsoft reports Q4 devices revenue down 20% YoY, overall gaming revenue up 1% YoY, Xbox hardware revenue down 13% YoY, and Windows OEM revenue down 12% YoY — Microsoft just posted the fourth and final quarter of its 2023 fiscal financial results. The software maker made $56.2 billion … Lees verder op Tech Meme