Tech Meme

Competition and Markets Authority: The UK CMA blocks Microsoft’s $68.7B Activision acquisition, citing competition and innovation concerns in the UK cloud gaming market; Microsoft plans to appeal  —  The CMA has prevented Microsoft’s proposed purchase of Activision over concerns the deal would alter the future … Lees verder op Tech Meme

New York Times: A look at the mounting US legal pressure on Binance: the DOJ’s money laundering division leading a criminal investigation, CZ hiring Latham & Watkins, and more  —  The scrutiny on Binance, the giant cryptocurrency exchange, has sent new tremors through a market that is still bruised by the implosion of FTX. Lees verder op Tech Meme

Aisyah Llewellyn / Rest of World: TikTok Shop is thriving in Indonesia, TikTok’s second-biggest market with an estimated 110M users; Data.ai: Shop Seller has had ~5.5M downloads in the country  —  TikTok Shop, the controversial app’s ambitious next phase, has caught fire in Indonesia.  “This is truly the year of TikTok,” says one seller. Lees verder op Tech Meme

Financial Times: Sources: Tencent is boosting investment in gaming studios abroad, primarily in Europe, to diversify away from China, even as the country lifts tech restrictions  —  Chinese tech giant targets European assets as it seeks to diversify away from domestic market Lees verder op Tech Meme

Angus Loten / Wall Street Journal: PricewaterhouseCoopers plans to invest $1B in generative AI over the next three years, working with Microsoft and OpenAI to automate some of its US operations  —  Multiyear investment in U.S. business includes accessing ChatGPT maker OpenAI’s language model, training staff in AI capabilities Lees verder op Tech Meme

New York Times: The US Commerce Department outlines plans to fund next-generation chips via its new National Semiconductor Technology Center; the CHIPS Act devoted $11B to R&D  —  The Biden administration announced its strategy for the National Semiconductor Technology Center, a string of facilities aimed at propelling U.S. innovation. Lees verder op Tech Meme

Edward Ludlow / Bloomberg: Bosch plans to acquire US chipmaker TSI Semiconductors and invest $1.5B+ in its Roseville, California foundry to produce silicon carbide chips there from 2026  —  Robert Bosch GmbH is acquiring US chipmaker TSI Semiconductors and plans to invest more than $1.5 billion in its California foundry … Lees verder op Tech Meme

Yaling Jiang / Wired: Experts say that China’s mostly government-led metaverse efforts are more about supporting the economy, health care, and industry than about consumer services  —  The government wants the metaverse to be less about having fun and shopping and more about health care and industry. Lees verder op Tech Meme

Competition and Markets Authority: The UK CMA blocks Microsoft’s $68.7B Activision acquisition, citing concerns about competition and innovation in the UK gaming market; Microsoft plans to appeal  —  The CMA has prevented Microsoft’s proposed purchase of Activision over concerns the deal would alter the future … Lees verder op Tech Meme

Brian Fung / CNN: US senators unveil a bipartisan bill that bans kids under 13 from joining social media and requires tech companies to get parental consent for teen accounts  —  A new federal bill unveiled Wednesday would establish a national minimum age for social media use and require tech companies … Lees verder op Tech Meme