Tech Meme

Financial Times: Sources: Revolut staff and early investors offloaded nearly $1B in stock in a secondary sale since August 2024, after the UK granted Revolut its banking license  —  Secondary share sales have allowed early investors and staff to crystallise paper gains at $45bn valuation Lees verder op Tech Meme

Stephanie Stacey / Financial Times: Workers are adopting generative AI faster than companies can issue guidelines on how to do so; a survey says ~25% of the US workers already use the tech weekly  —  Staff are adopting large language models faster than companies can issue guidelines on how to do so Lees verder op Tech Meme

Michael Acton / Financial Times: Arm and Qualcomm’s chip licensing dispute heads to trial in Delaware, in a high-stakes battle set to last about a week over Qualcomm’s $1.4B Nuvia acquisition  —  Legal fight that started with a $1.4bn acquisition has severely strained companies’ relationship Lees verder op Tech Meme

Jack Ryan / Bloomberg: Fastmarkets: the price of gallium, a metal used to make chips, rose to $595 per kilogram on December 13, the highest since 2011, after China restricted exports  —  – Metal has applications in semiconductors and TV screens  — Prices assessed by Fastmarkets reached $595 per kilogram Lees verder op Tech Meme

Mark Bergen / Bloomberg: The UK’s Ofcom says the Online Safety Act, passed in 2023 to govern illegal material on internet platforms, has taken effect, and plans to expand it in 2025  —  – Ofcom released first guidelines for Online Safety Act  — Rules require firms to remove illegal content or face fines Lees verder op Tech Meme

Stephanie Stacey / Financial Times: Workers are adopting generative AI faster than companies can issue guidelines on how to do so; a survey says ~25% the US workforce already uses the tech weekly  —  Staff are adopting large language models faster than companies can issue guidelines on how to do so Lees verder op Tech Meme

William Langley / Financial Times: Chinese merchants are rapidly expanding their presence on Russian e-commerce platforms like Ozon Global and Wildberries to find new markets and avoid US tariffs  —  Ozon and Wildberries welcome Chinese sellers looking for new markets as sanctions hit both countries’ traders Lees verder op Tech Meme

Suzanne Vranica / Wall Street Journal: Ad giants Omnicom and Interpublic’s merger shows how the industry is preparing for an AI-driven upheaval, which is squeezing out creative talent  —  Two advertisers are combining into a $30 billion behemoth to harness the data, tech and AI expertise now dominating Madison Avenue—and all the marketing you see Lees verder op Tech Meme

Pieter Haeck / Politico: The EU Commission pledges €750M of a €1.5B planned investment to fund AI supercomputers across seven sites to help EU startups compete with global rivals  —  BRUSSELS — The European Union has committed hundreds of millions of euros to help startups catch up in the global artificial intelligence race. Lees verder op Tech Meme

Pieter Haeck / Politico: The EC pledges €750M of the €1.5B planned investment to fund AI-optimized supercomputers across seven sites to help EU startups compete with global rivals  —  BRUSSELS — The European Union has committed hundreds of millions of euros to help startups catch up in the global artificial intelligence race. Lees verder op Tech Meme