Tech Meme

Chethan Rao / Android Police: YouTube asks a small number of viewers to share their feedback on a test that generates AI-based “quick overview” summaries on some English-language videos  —  YouTube’s new experiment is currently limited to English content  —  YouTube constantly adds new features to its mobile … Lees verder op Tech Meme

Manish Singh / TechCrunch: Filings: Vanguard cut the value of its stake in Indian ride-hailing company Ola by 52%, implying Ola’s total value to be $3.5B, down from $7.3B in December 2021  —  The U.S. index fund pioneer Vanguard has cut the worth of its holding in the Indian ride-hailing startup Ola … Lees verder op Tech Meme

Colin Wilhelm / The Block: 3AC co-founder Kyle Davies tells a US court he is not subjecting himself to or accepting the jurisdiction of US courts since he renounced citizenship in 2020  —  – Three Arrows Capital co-founder Kyle Davies said he renounced his U.S. citizenship, and that U.S. courts no longer have jurisdiction over him. Lees verder op Tech Meme

Sam Metz / Associated Press: A federal judge dismisses an industry group lawsuit challenging the constitutionality of a Utah law requiring adult websites to verify the age of their users  —  A Utah law requiring adult websites to verify the age of their users will remain in effect after a federal judge dismissed a lawsuit … Lees verder op Tech Meme

Clive Cookson / Financial Times: Glasgow university spinout Chemify, which is using a computing process to design new molecules with AI and make them in an automated lab, raised $43M  —  Chemify’s technology aims to remove bottleneck of producing molecules in the lab  —  A spinout from Glasgow university has raised $43mn to … Lees verder op Tech Meme

Sahil Patel / The Information: Sources: some top ad agency executives plan to commit at least 10% to 20% more with YouTube this fall than in 2022; traditional TV ad commitments are down 15%  —  The Hollywood labor strikes have proven a boon for YouTube, with Google’s video-streaming service luring television ad buyers … Lees verder op Tech Meme

Steven Church / Bloomberg: A Voyager Digital lawyer says the crypto lender’s user data may have been stolen when the company started letting customers recover their funds in June 2023  —  – Voyager customers hit with scams amid bankruptcy payout  — Voyager lawyers referred potential hack to law enforcement Lees verder op Tech Meme

Sahil Patel / The Information: Sources: some top ad agency executives say they’ll commit up to 20% more with YouTube this fall than in 2022, while traditional TV ad commitments are down 15%  —  The Hollywood labor strikes have proven a boon for YouTube, with Google’s video-streaming service luring television ad buyers … Lees verder op Tech Meme

Aidan Ryan / The Information: Sources: Changpeng Zhao tried to liquidate Binance.US earlier this year, before pivoting to attempting to sell the company, holding talks with Gemini and others  —  Binance founder and CEO Changpeng Zhao attempted to shut down the crypto exchange’s U.S. offshoot earlier this year … Lees verder op Tech Meme

Eari Nakano / Bloomberg: Pinterest reports Q2 revenue up 6% YoY to $708M, vs. $699M est., MAUs up 8% YoY to 465M, and expects “Q3 revenue to grow in the high single digit range” YoY  —  The company, which runs a social media site for being inspired by images, said sales rose 6% to $708 million in the period ended June 30. Lees verder op Tech Meme