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

Alexander Osipovich / Wall Street Journal: Crypto exchange EDX Markets, backed by Citadel, Fidelity, and Charles Schwab, quietly began executing trades in recent weeks, offering a noncustodial service  —  EDX Markets won’t directly handle customers’ digital assets or directly serve individual investors Lees verder op Tech Meme

Mark Bergen / Bloomberg: Twitter says CEO Linda Yaccarino and Elon Musk do not plan to attend the week-long Cannes Lions festival, even during the company’s new “brand safety” push  —  Elon Musk and Twitter Inc.’s new Chief Executive Officer Linda Yaccarino won’t be at the advertising industry’s biggest annual event … 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