Tom Bristow / Politico: The UK ICO fines TikTok £12.7M for misusing children’s personal data, saying the app “should have done better”, down from a £27M fine proposed in September 2022 — The ICO estimates that 1.4 million children in the UK were on TikTok in 2020. Lees verder op Tech Meme
Leo Schwartz / Fortune: Georgia-based Bakkt, which offers trading and custodial services, acquires infrastructure provider Apex Crypto for ~$155M, split $55M in cash and $100M in stock — New York-based Bakkt announced on Monday that it received regulatory approval to acquire trading infrastructure provider Apex Crypto … Lees verder op Tech Meme
Tom Warren / The Verge: Microsoft announces the $300 Surface Thunderbolt 4 Dock, offering a USB-C port over the proprietary Surface Connect port and supporting non-Surface devices — Priced at $299.99, the new Surface dock will connect over USB-C instead of the proprietary Surface Connect port. Lees verder op Tech Meme
Ax Sharma / BleepingComputer: Researchers: eFile.com, an IRS-authorized e-file service, was serving JavaScript malware on its website, weeks after some users suspected the site was hijacked — eFile.com, an IRS-authorized e-file software service provider used by many for filing their tax returns, has been caught serving JavaScript malware. Lees verder op Tech Meme
Financial Times: SEC arrests Frank founder Charlie Javice and charges her with fraud, saying she falsified user numbers when JPMorgan paid $175M for the student finance startup — Charlie Javice allegedly falsified user numbers at student finance company — The founder of a student finance website acquired … Lees verder op Tech Meme
Joseph Cox / VICE: Researcher: bugs in Nexx’s Wi-Fi-enabled garage door openers let hackers open garages; Nexx hasn’t responded to patch appeals for months, including from the DHS — A security researcher found a series of vulnerabilities with the Nexx brand of smart garage openers. Lees verder op Tech Meme
Brian Heater / TechCrunch: Covariant, which builds AI-powered industrial robots, raised $75M led by Radical Ventures and Index Ventures as an extension to an $80M Series C in July 2021 — I took a deep dive with Covariant co-founder and CEO Peter Chen at ProMat the other week. The timing was either perfect or terrible depending on who you ask. Lees verder op Tech Meme
Brandy Betz / CoinDesk: Vancouver-based Web3 messaging protocol developer LayerZero Labs raised a $120M Series B at a $3B valuation, up from $1B in its $135M Series A+ in March 2022 — The valuation is triple the level of the firm’s previous funding round in March 2022. — Join the most important conversation … Lees verder op Tech Meme
Sam Kim / Bloomberg: SEMI data: Japan is expected to spend $7B on chipmaking equipment in 2024, up 82% on 2023, the largest in the world; China’s spending is forecast to rise 2% YoY — Japan is poised to sharply raise its chip-gear spending in an attempt to boost its position in the global semiconductor market … Lees verder op Tech Meme
Tom Bristow / Politico: The UK ICO fines TikTok £12.7M for failing to protect kids’ data, saying the app “should have done better”, down from a £27M fine proposed in September 2022 — The ICO estimates that 1.4 million children in the UK were on TikTok in 2020. Lees verder op Tech Meme