Tech Meme

James Kynge / Financial Times: Nigerian officials raise concerns as Chinese-owned super apps PalmPay and OPay gain popularity and Huawei dominates installation of 5G equipment in the country  —  Activities give sense of the importance Chinese companies in several sectors attach to country’s potential Lees verder op Tech Meme

Alexandra Sternlicht / Fortune: How Shein’s influencer tour of its Guangzhou factory, potentially aimed at fostering goodwill and improving the company’s image before a rumored IPO, backfired  —  In recent days, Chinese fast fashion giant Shein took a handful of influencers on a tour of its Guangzhou factory. Lees verder op Tech Meme

Jesse Coghlan / Cointelegraph: FTX sues former compliance officer Daniel Friedberg, alleging he was Sam Bankman-Fried’s “fixer” who made “hush money” payments to two potential whistleblowers  —  The lawsuit claims the former compliance officer paid whistleblowers to stop them from exposing the “true fraudulent nature” of the exchange. Lees verder op Tech Meme

Nilay Patel / The Verge: Q&A with Roblox CEO David Baszucki on the company adding experiences for people aged 17+, its aging users, its social graph, young developers, Robux, and more  —  Roblox, the virtual world and game platform, has 66 million daily users who spent 14 billion collective hours on it in just Q1 of 2023. Lees verder op Tech Meme

Bloomberg: China is racing to catch the US in AI, but demos show China has far to go; Preqin: AI investments in the US were $26.6B in the year to mid-June vs. China’s $4B  —  China’s tech sector has a new obsession: competing with US titans like Google and Microsoft Corp. in the breakneck global artificial intelligence race. Lees verder op Tech Meme

Kyle Wiggers / TechCrunch: Reka, which is building custom AI models for the enterprise, emerges from stealth with $58M in funding led by DST Global Partners and Radical Ventures  —  Large language models (LLMs) like OpenAI’s GPT-4 are all the rage these days, owing to their unparalleled ability to analyze and generate text. Lees verder op Tech Meme

Miranda S. Spivack / New York Times: Experts say there is a growing need to build data centers in the US, which had 2,701 data centers in 2022 per Statista, but finding land may be a challenge  —  The need for data centers has soared, fueled by remote work and the growth of high-speed streaming.  But finding the necessary land and energy can be a challenge. Lees verder op Tech Meme

Ingrid Lunden / TechCrunch: Augmedics, which develops an FDA-approved AR navigation system for spinal surgery, raised an $82.5M Series D led by CPMG, bringing its total funding to $148M  —  Spinal is one of the fastest-growing categories of surgery, with the number of operations taking place annually now approaching 8 million. Lees verder op Tech Meme

Wall Street Journal: Sources: the US is considering new AI chip export restrictions to China as soon as July, which could even prevent sales of Nvidia’s A800 chip without a license  —  Restrictions come amid concerns that China could use AI chips from Nvidia and others for weapon development and hacking Lees verder op Tech Meme

Foo Yun Chee / Reuters: EU countries and lawmakers reach a provisional agreement on the Data Act, establishing rules on how Big Tech and other firms use EU consumer and corporate data  —  EU countries and EU lawmakers on Tuesday agreed on rules that govern how Big Tech and other companies use European consumer and corporate data … Lees verder op Tech Meme