Tech Meme

TechCrunch: CB Insights: global fintech funding totaled $15B in Q1, up 55% QoQ, with Egypt-based MNT-Halan becoming the only unicorn, a first since the end of 2016  —  Global fintech funding totaled $15 billion in the first quarter of this year, growing 55% from the fourth quarter, according to CB Insights’ latest State of Fintech report. Lees verder op Tech Meme

Toby Sterling / Reuters: ASML reports Q1 revenue up 91% YoY to €6.74B and net profit up nearly 3x YoY to €1.96B, beating estimates of €6.31B and €1.62B, respectively  —  ASML Holding NV (ASML.AS) beat first-quarter earnings forecasts on Wednesday on continued strong demand for its chip making equipment … Lees verder op Tech Meme

Jay Peters / The Verge: Netflix upgrades its ad-supported plan’s video quality from 720p to 1080p and lets subscribers watch two streams at once, starting with Canada and Spain  —  Netflix is making its $6.99 per month ad-supported plan a much better value. … Subscribers in Canada and Spain … Lees verder op Tech Meme

Toby Sterling / Reuters: ASML reports Q1 revenue up 91% YoY to €6.74B and net profit up nearly 3x YoY to €1.96B, beating estimates of €6.31B and €1.62B, respectively  —  ASML Holding NV (ASML.AS) beat first-quarter earnings forecasts on Wednesday on continued strong demand for its chip making equipment … Lees verder op Tech Meme

Wired: A look at Itana, a controversial startup city set to be built near Lagos in partnership with Binance and investors like Peter Thiel-backed Pronomos Capital  —  Nigeria’s Itana partnered with Binance and the Charter Cities Institute to build a physical tech hub near Lagos, but the plan has sparked controversy. Lees verder op Tech Meme

M. Sriram / Reuters: CB Insights: Indian startups raised just $2B in Q1, down 75% YoY and the smallest quarterly total in nearly three years, across 271 startups, down from 561 YoY  —  A funding squeeze at Indian startups that has already led to layoffs and delayed stock listings is set to worsen as investors reckon … Lees verder op Tech Meme

Rachel Metz / Bloomberg: Some people are using AI chatbots as a supplement to, or in lieu of, traditional mental health services, despite privacy issues and warnings from experts  —  Milo Van Slyck missed an appointment with his therapist in early April, so he decided to try something new: telling ChatGPT about his problems. Lees verder op Tech Meme

Natasha Lomas / TechCrunch: The EU establishes the European Centre for Algorithmic Transparency in Seville, Spain, to support oversight of large platforms under the Digital Services Act  —  Seville, Spain-based algorithmic transparency center to support enforcement of EU’s Digital Services Act Lees verder op Tech Meme

Globe and Mail: Miovision, which helps cities manage traffic flows using AI, acquires Global Traffic Technologies for $107M, after raising $150M from Maverix, Telus, and EDC  —  Miovision Technologies Inc. has made a pivotal acquisition financed by three large Canadian technology investors, establishing the Kitchener … Lees verder op Tech Meme

Christine Hall / TechCrunch: NYC-based Odeko, which offers operations software to independent coffee shops and cafes, raised a $53M Series D, bringing its total equity funding to $177M  —  When the global pandemic hit, independent restaurants and shops that didn’t already have an online ordering system … Lees verder op Tech Meme