Tech Meme

Bloomberg: Sources: Foxconn plans to invest ~$700M to build a plant for iPhone parts on a 300-acre site in Bengaluru, India; the plant is expected to create ~100K jobs  —  Apple Inc. partner Foxconn Technology Group plans to invest about $700 million on a new plant in India to ramp up local production … Lees verder op Tech Meme

James Hale / Tubefilter: London-based Electrify Video Partners, which invests in and acquires YouTube channels, raised $50M led by MEP Capital  —  Electrify Video Partners has raised $50 million to invest in and acquire YouTube channels.  —  London-based Electrify was co-founded in May 2021 by Ian Shepherd … Lees verder op Tech Meme

Wall Street Journal: Internal documents detail efforts by Tether Holdings and Bitfinex to maintain access to the banking system by using shadowy intermediaries and shell companies  —  Tether Holdings and related crypto broker obscured identities, documents show  —  In late 2018, the companies behind … Lees verder op Tech Meme

Erik Schatzker / Bloomberg: Coinbase acquires One River, a crypto asset management startup that serves only institutional clients, like pension funds; One River was valued at $186M in 2021  —  Coinbase Global Inc., still reeling from a plunge in trading volume on its exchanges, is expanding into a less-volatile corner … Lees verder op Tech Meme

Jeff Horwitz / Wall Street Journal: Meta plans to fully or partly implement 26 of the Oversight Board’s 32 recommendations for its VIP cross-check system, including regular transparency reports  —  Meta Platforms accepts most recommendations from its oversight board, but rejects key provisions Lees verder op Tech Meme

New York Times: US lawmakers warn about AI, but few are trying regulation and many struggle to understand the tech and its dangers; EU policymakers proposed AI rules in 2021  —  Tech innovations are again racing ahead of Washington’s ability to regulate them, lawmakers and A.I. experts said. Lees verder op Tech Meme

Ivan Mehta / TechCrunch: Brave Search debuts Summarizer, a feature that offers a search results synopsis for some queries using Brave’s LLM trained to fight “unsubstantiated assertions”  —  It is raining AI-powered features all across search engines.  Today, Brave Search launched a new “Summarizer” … Lees verder op Tech Meme

Wall Street Journal: Dell reports Q4 revenue down 11% YoY to $25B, commercial revenue down 17% YoY to $10.7B, and names Yvonne McGill as CFO, replacing Tom Sweet effective August 5  —  Corporate controller Yvonne McGill will become chief financial officer in August as Dell’s longtime CFO is set to depart Lees verder op Tech Meme

Mia Sato / The Verge: CNET EIC Connie Guglielmo, who defended CNET writing articles using AI tools, steps down to become Red Ventures’ SVP of AI content strategy and editor-at-large  —  Following monthslong questions about how CNET uses artificial intelligence tools, longtime CNET editor-in-chief Connie Guglielmo … Lees verder op Tech Meme

Madhumita Murgia / Financial Times: Sources: Inflection AI, founded by LinkedIn’s Reid Hoffman and DeepMind’s Mustafa Suleyman, is in talks to raise up to $675M, after raising $225M in May 2022  —  DeepMind co-founder Mustafa Suleyman and LinkedIn Creator Reid Hoffman’s start-up is building a personal assistant for the web Lees verder op Tech Meme