Tech Meme

Bloomberg: Masayoshi Son breaks his seven month-long public silence to make a case for SoftBank’s future, saying the company “won’t be deterred by a few short-term losses”  —  SoftBank Group Corp. is in position to win the race to master AI, thanks to its billions of dollars of tech investments … Lees verder op Tech Meme

Sankalp Phartiyal / Bloomberg: Sources: Google started early conversations with Foxconn’s Bharat and other Indian suppliers to assemble its Pixel smartphones, seeking to diversify from China  —  Alphabet Inc.’s Google is scouting for suppliers in India to assemble its Pixel smartphones as it borrows from Apple Inc.’s playbook to diversify beyond China. Lees verder op Tech Meme

Lauren Feiner / CNBC: USA Today publisher Gannett sues Google over an alleged ad tech monopoly, echoing the DOJ’s arguments and saying audiences have grown but ad spending is down  —  – USA Today publisher Gannett is suing Google for allegedly illegally monopolizing the advertising technology market. Lees verder op Tech Meme

Joe Rossignol / MacRumors: Apple expands Self Service Repair to the iPhone 14 range, 13-inch MacBook Air with M2, and 14-inch and 16-inch MacBook Pro with M2 Pro and Max, starting June 21  —  Apple today announced that its self-service repair program will be expanding to the iPhone 14 lineup, 13-inch MacBook Air with the M2 chip … Lees verder op Tech Meme

Tabby Kinder / Financial Times: a16z, Sequoia, and others are increasing investments in defense tech startups; PitchBook says US VCs invested $33B in the sector in 2022, up from $16B in 2019  —  War in Ukraine and geopolitical tensions leads to belief that fledgling companies will get a share of US Pentagon budget Lees verder op Tech Meme

Canalys: The global cybersecurity market grew 12.5% YoY to $18.6B in Q1 2023, despite tighter budgets; Palo Alto Networks had an 8.7% share, Fortinet 7%, and Cisco 6.1%  —  The worldwide cybersecurity market grew 12.5% year on year in Q1 2023 to US$18.6 billion, outpacing the rest of the tech sector despite worsening macroeconomic conditions. Lees verder op Tech Meme

Tim Culpan / Bloomberg: Alibaba’s shakeup, including adding company veteran Joe Tsai, highlights its conundrum over splitting into six units and pursuing profit or growth ahead of IPOs  —  An investor in any of Alibaba Group Holding Ltd.’s six divisions will be faced with a choice: profit or growth. Lees verder op Tech Meme

Kenza Bryan / Financial Times: Aviva, Fidelity, and other big institutional investors are increasingly pressuring tech companies to prevent AI misuse, concerned about potential liability  —  Financial firms worried about liability for human rights issues associated with the burgeoning technology Lees verder op Tech Meme

Ashley Carman / Bloomberg: Source: Spotify plans a more expensive “Supremium” tier with HiFi audio, audiobooks, and more, launching outside the US later in 2023; Premium costs $9.99/month  —  Spotify Technology SA is planning a more expensive subscription option that’s expected to include high-fidelity audio … Lees verder op Tech Meme

Frank Chaparro / The Block: Binance begins running nodes on the Bitcoin Lightning Network, part of a plan to use the service for deposits and withdrawals to alleviate network congestion  —  – Binance confirmed Tuesday it has started the process of integrating the Lightning Network.  — They would join rivals Kraken and Bitfinex who have already integrated it. Lees verder op Tech Meme