Tech Meme

Kyle Wiggers / TechCrunch: DigitalOcean plans to acquire NYC-based Paperspace, which offers cloud computing for AI models, for $111M in cash; Paperspace had raised $35M from YC and others  —  DigitalOcean, the cloud hosting business, today announced that it’s agreed to acquire Paperspace, a New York-based cloud computing … Lees verder op Tech Meme

Bloomberg: A test by the New York Fed and big banks on a private blockchain finds tokenized deposits can improve wholesale payments without “insuperable legal impediments”  —  A monthslong test with some of the world’s largest banks found that digital dollars could be an effective … Lees verder op Tech Meme

Kate Park / TechCrunch: Tokyo-based Telexistence, which develops AI-powered robotic arms for retail and logistics, raised a $170M Series B from SoftBank, Airbus Ventures, and others  —  SoftBank is backing Japanese robotics startup Telexistence, making good on the tech giant’s recent pledge to go back on the investment offensive … Lees verder op Tech Meme

Christine Hall / TechCrunch: NYC-based fintech Clair, which helps workers get paid after completing a shift, raised $25M led by Thrive Capital and $150M in debt from partner bank Pathward  —  After developing a free earned-wage advance offering for frontline workers two years ago, fintech company Clair is back with a new tool … Lees verder op Tech Meme

Dell Cameron / Wired: A look at a “must-pass” National Defense Authorization Act amendment, which would forbid US government agencies from buying citizens’ search histories and more  —  An amendment to the National Defense Authorization Act would forbid government entities from buying Americans’ search histories, location data, and more. Lees verder op Tech Meme

Antoine Gara / Financial Times: US fintech group FIS plans to sell a majority stake in its merchant payments arm Worldpay to private equity firm GTCR for up to $18.5B, including $11.7B in cash  —  Sale to GTCR will be one of the biggest corporate carve-outs in history  —  US financial technology group Fidelity National … Lees verder op Tech Meme

Ben Blanchard / Reuters: TSMC does not expect China’s gallium and germanium export curbs to have any “impact on TSMC’s production”; a Chinese official warns the rules are “just a start”  —  Taiwan’s TSMC (2330.TW), the world’s largest contract chipmaker, said on Thursday it does not expect … Lees verder op Tech Meme

Olivia Solon / Bloomberg: Mastercard says nine big UK banks, including Lloyds and NatWest, signed up to use its AI-based Consumer Fraud Risk system, trained on years of transaction data  —  Mastercard Inc. is selling a new artificial intelligence-powered tool that helps banks more effectively spot if their customers are trying to send money to fraudsters. Lees verder op Tech Meme

Bloomberg: A test by the NY Fed and a group of banks on a private blockchain finds tokenized dollars can improve wholesale payments without “insuperable legal impediments”  —  A monthslong test with some of the world’s largest banks found that digital dollars could be an effective … Lees verder op Tech Meme

Kate Park / TechCrunch: Tokyo-based Telexistence, which develops AI-powered robotic arms for the retail and logistics industry, raised a $170M Series B from SoftBank and others  —  SoftBank is backing Japanese robotics startup Telexistence, making good on the tech giant’s recent pledge to go back on the investment offensive in light of the current AI hype. Lees verder op Tech Meme