Tech Meme

Huw Jones / Reuters: The UK’s Treasury Committee report recommends that the government regulate trading and investment in unbacked crypto as gambling instead of a financial service  —  Bitcoin , ether and other cryptocurrencies should be regulated as gambling given the significant risks they pose to consumers … Lees verder op Tech Meme

Colin Wilhelm / The Block: FTX’s leadership sues Sam Bankman-Fried, Gary Wang, and Nishad Singh, claiming they knew Alameda was insolvent when acquiring clearing platform Embed for ~$250M  —  – FTX’s current leadership claims that Bankman-Fried and other executives knew that Alameda Research was insolvent when it finalized … Lees verder op Tech Meme

Nikkei Asia: Sources: Apple plans to mass produce microLED displays to reduce reliance on Samsung and increase supply control, having spent $1B+ on microLED R&D in ~10 years  —  iPhone maker makes billion-dollar bet on micro-LED screens  —  Apple is taking a hands-on approach to production of micro-LED screens … Lees verder op Tech Meme

Laura Cole / Wired: An investigation reveals how hundreds of freelancers hired as customer service reps catfish users into paying for subscriptions on niche dating and hookup sites  —  Hired as customer service reps, these freelancers were instead tasked with luring in the lonely and lovestruck through a network of dating and hookup sites. Lees verder op Tech Meme

Margi Murphy / Bloomberg: PitchBook: VC funds invested $187.7M in startups that develop deepfake technologies in 2022 and $50M so far in 2023, up from just $1M in 2017  —  There’s some serious venture capital money flowing into the startups that develop deepfake technologies.  —  VC funds invested $187.7 million … Lees verder op Tech Meme

Manish Singh / TechCrunch: AWS plans to invest $12.7B into its infrastructure in India by 2030, in addition to a previous $3.7B, and said its spending will support 131,700 full-time jobs  —  Amazon plans to invest $12.7 billion into its cloud infrastructure in India by 2030, the e-commerce group said Thursday … Lees verder op Tech Meme

Nikkei Asia: Micron will invest up to $3.6B in Japan over the next few years, including in a DRAM chipmaking plant in Hiroshima prefecture with support from the government  —  State-of-the-art production line to be built in Hiroshima prefecture  —  Sanjay Mehrotra, Micron Technology’s CEO … Lees verder op Tech Meme

Todd Spangler / Variety: YouTube unveils 30-second unskippable ads on top-performing videos on TVs and says 150M+ unique US viewers watched YouTube or YouTube TV on TVs in December 2022  —  Google’s video giant says it reaches more than 150 million U.S. monthly viewers on TV screens Lees verder op Tech Meme

Jay Peters / The Verge: Montana plans to ban apps allegedly “tied to foreign adversaries”, including Telegram, WeChat, and shopping app Temu, from state devices effective June 1, 2023  —  On Wednesday, Montana governor Greg Gianforte didn’t only ban TikTok state-wide.  He also accused Telegram, WeChat … Lees verder op Tech Meme

CoinDesk: Grayscale says the US SEC warned that the Filecoin token meets the definition of a security and asked Grayscale to withdraw its Filecoin Trust application  —  Grayscale announced last month that the SEC suggested FIL might be a security.  —  CORRECTION (May 18, 2023, 00:25 UTC) … Lees verder op Tech Meme