Tech Meme

Jaspreet Singh / Reuters: US-based chipmaker Wolfspeed says a group led by Apollo plans to make a $1.25B debt investment, with room for an additional $750M, to support a US expansion  —  Wolfspeed (WOLF.N) said on Monday that a group led by Apollo Global Management (APO.N) would make a debt investment of $1.25 billion … Lees verder op Tech Meme

Emily Birnbaum / Bloomberg: SCOTUS refuses to revive Genius’ 2019 lawsuit accusing Google of scraping millions of song lyrics for search, leaving in place a ruling tossing out the lawsuit  —  The US Supreme Court refused to revive a lawsuit by music website Genius Media Group Inc. accusing Alphabet Inc.’s Google of stealing millions of song lyrics. Lees verder op Tech Meme

Hope King / Axios: Amazon plans to build a local delivery network in 23 states by recruiting thousands of small US businesses, from bodegas to florists, to deliver its packages  —  Amazon plans to tap thousands of U.S. small businesses, from bodegas to florists, to deliver its packages by the end of the year, Axios is first to report. Lees verder op Tech Meme

Bloomberg: Japan announces a $6.3B deal to buy and privatize photoresists maker JSR, which controls the global supply of key chipmaking chemicals with two other companies  —  Japan’s government unveiled a $6.3 billion deal to buy out and privatize JSR Corp., taking direct control of the world leader … Lees verder op Tech Meme

Emily Birnbaum / Bloomberg: SCOTUS refuses to revive a 2019 lawsuit by Genius accusing Google of scraping millions of song lyrics, leaving in place a ruling that tossed out the lawsuit  —  The US Supreme Court refused to revive a lawsuit by music website Genius Media Group Inc. accusing Alphabet Inc.’s Google of stealing millions of song lyrics. Lees verder op Tech Meme

Alison Sider / Wall Street Journal: Pete Buttigieg warns of possible air travel disruption ahead of a July 1 cutoff for airlines to retrofit equipment to avoid 5G interference or face restrictions  —  Airlines have until July 1 to update equipment or face restrictions on landing in poor visibility conditions Lees verder op Tech Meme

Wall Street Journal: Databricks agrees to acquire generative AI startup MosaicML in a ~$1.3B deal closing in Q2; MosaicML launched in 2021, raised $64M, and has 62 employees  —  The deal aims at connecting businesses’ data with services to help them build their own, cheaper language models, Databricks CEO says Lees verder op Tech Meme

Ben Thompson / Stratechery: While the FTC’s Amazon case raises fair points in isolation, Prime overall is overwhelmingly positive for users and the FTC seems oblivious to the trade-offs  —  It was Friday morning, and I needed sunglasses — specifically the nerdy ones that fit on top of a pair of subscription glasses. Lees verder op Tech Meme

Ingrid Lunden / TechCrunch: IBM plans to acquire cloud IT management startup Apptio for $4.6B in cash from Vista Equity Partners, which paid $1.94B to take Apptio private in 2018  —  As cloud architecture continues to more ubiquitous among organizations, increasingly what is more apparent is that many organizations … Lees verder op Tech Meme

Financial Times: A profile of Korean chip engineer Choi Jin-seok, who embarked on a quixotic mission to lead China’s industry after his career stalled and faces IP theft charges  —  In 2006, a Korean engineer called Choi Jin-seok achieved a feat that earned him the nickname “master of semiconductor yield”. Lees verder op Tech Meme