Tech Meme

The Economic Times: Zomato reports Q1 revenue up 71% YoY to ~$292.2M and its first consolidated quarterly net profit at ~$241.9K, vs. a ~$23.4M loss in Q1 2023; ZOMATO jumps 10%+  —  On August 3, Zomato reported its first-ever consolidated quarterly net profit at Rs 2 crore, on the back of higher order frequency from subscribers of its loyalty programme. Lees verder op Tech Meme

Zack Whittaker / TechCrunch: Krakow-based Android phone monitoring app LetMeSpy plans to shut down by the end of August 2023 after a hacker breached and deleted its server data in June  —  Poland-based spyware LetMeSpy is no longer operational and said it will shut down after a June data breach wiped out its servers … Lees verder op Tech Meme

Nilesh Christopher / Rest of World: Some designers say AI tools have made them anxious about the YouTube thumbnail microeconomy’s future; creators like MrBeast pay up to $10K for a video thumbnail  —  Creators like MrBeast pay up to $10,000 for a single YouTube video thumbnail, but the rise of AI tools have some designers anxious about the microeconomy’s future. Lees verder op Tech Meme

Tiffany Hsu / New York Times: People have few options for protection or recourse when hallucinating AI chatbots create and spread falsehoods about them that threaten their reputations  —  People have little protection or recourse when the technology creates and spreads falsehoods about them. Lees verder op Tech Meme

Zack Whittaker / TechCrunch: Poland-based Android phone monitoring app LetMeSpy plans to shut down by August end after a hacker who breached it in June deleted the data on its servers  —  Poland-based spyware LetMeSpy is no longer operational and said it will shut down after a June data breach wiped out its servers … Lees verder op Tech Meme

Bloomberg: How members of the Community, a group of teenage SIM swappers who met on the forum OGUsers, stole millions in crypto in 2018 before turning on each other  —  Michael Terpin lost a fortune to a phone “SIM swap.”  When he went to war to get it back, he found some surprising allies. Lees verder op Tech Meme

Nilesh Christopher / Rest of World: Some artists say AI tools have made them anxious about the YouTube thumbnail microeconomy’s future; creators like MrBeast pay up to $10K for a video thumbnail  —  Creators like MrBeast pay up to $10,000 for a single YouTube video thumbnail, but the rise of AI tools have some designers anxious about the microeconomy’s future. Lees verder op Tech Meme

Tiffany Hsu / New York Times: People have little protection or recourse when hallucinating AI chatbots create and spread falsehoods that threaten their reputations  —  People have little protection or recourse when the technology creates and spreads falsehoods about them.  —  Marietje Schaake’s résumé … Lees verder op Tech Meme

Jonathan Stempel / Reuters: A US court rules former Celsius CEO Alex Mashinsky must face a lawsuit by NY AG Letitia James accusing him of defrauding investors and concealing Celsius’ risks  —  Alex Mashinsky, the founder and former chief of the now-bankrupt cryptocurrency lender Celsius Network, must face a lawsuit … Lees verder op Tech Meme

The Economic Times: Zomato reports Q1 revenue up 71% YoY to ~$292.2M and its first-ever consolidated quarterly net profit at ~$241.9K, vs. a loss of ~$23.4M in the year-ago quarter  —  On August 3, Zomato reported its first-ever consolidated quarterly net profit at Rs 2 crore, on the back of higher order frequency … Lees verder op Tech Meme