Tech Meme

Kate Clark / The Information: Sources: Ramp, which sells credit cards and expense management software, is raising funding at a $5.5B valuation, a 32% cut to its $8.1B valuation in March 2022  —  Fintech startup Ramp is raising several hundred million from investors at a $5.5 billion valuation, measured before the investment … Lees verder op Tech Meme

Sarah Perez / TechCrunch: Snap confirms and fixes a My AI glitch that caused the chatbot to post its own one-second Story of a two-toned image and then stop responding to users’ messages  —  Snapchat’s My AI feature, an in-app AI chatbot launched earlier this year with its fair share of controversy, briefly appeared to have a mind of its own. Lees verder op Tech Meme

Olga Kharif / Bloomberg: Solidus: between mid-July and August, developers deployed 500+ scam tokens on Coinbase’s Base blockchain, ~300 of which let their creators mint unlimited tokens  —  – More than 500 scam tokens were deployed on blockchain  — Solidus Labs says scammers pocketed about $2 million in profit Lees verder op Tech Meme

Tom Warren / The Verge: Microsoft plans to hold a “special event” in New York City on September 21, 2023, likely to announce Surface hardware, including Laptop Studio 2 and Laptop Go 3  —  Microsoft has started sending media invites for a “special event” in New York City next month. Lees verder op Tech Meme

Kate Clark / The Information: Sources: Ramp, which offers credit cards and expense management software, is raising funding at a $5.5B valuation, a 32% cut to its $8.1B valuation from 2022  —  Fintech startup Ramp is raising several hundred million from investors at a $5.5 billion valuation, measured before the investment … Lees verder op Tech Meme

Umar Shakir / The Verge: Meta starts rolling out HD photo support globally in WhatsApp for Android, iOS, and the web, and says the company plans to add support for HD videos soon  —  WhatsApp is flipping a switch that will let users send higher-quality “HD” images on the messaging platform. Lees verder op Tech Meme

Natalie Lung / Bloomberg: Jefferies and TrueUp: tech companies laid off 342,671 employees so far in 2023, up from the 243,075 job cuts across 2022, but cuts have slowed in the summer  —  Tech companies aren’t yet ramping up hiring after massive layoffs over the past year, despite a surge in interest in artificial intelligence … Lees verder op Tech Meme

Siddharth Venkataramakrishnan / Financial Times: Adyen reports H1 2023 net revenue up 21% YoY to €739.1M, below €754M est., €320M EBITDA, below €365M est., and defends hiring 551 new staff; ADYEN.AS drops 35%+  —  Dutch company counts cost of sustained recruitment and fierce US competition Lees verder op Tech Meme

Sarah Zheng / Bloomberg: Sources: Chinese regulators met with Walmart, PayPal, and other foreign companies to help navigate China’s new data security rules, hoping to ease legal fears  —  – Walmart, PayPal among foreign firms that met CAC last week  — They discussed fast-tracking some data transfers abroad Lees verder op Tech Meme

Madhumita Murgia / Financial Times: Llion Jones, who co-authored Google’s pioneering transformer paper, launches Sakana AI alongside David Ha, the former head of Google’s AI research arm in Japan  —  Llion Jones and David Ha take inspiration from nature with start-up Sakana AI  —  A former Google researcher who co-authored … Lees verder op Tech Meme