Tech Meme

Sophie McEvoy / GamesIndustry.biz: Ubisoft reports revenue for the nine months ending December 31, 2024, down 31.4% YoY to €990M, net booking down 34.8% to €944M, but remains optimistic about Q4  —  Firm also experienced a 51.8% drop in net bookings during its third quarter  —  Ubisoft has released its financial results … Lees verder op Tech Meme

Financial Times: Italy accuses Amazon of evading €1.2B in VAT payments; sources: the claim is linked to the sale of goods from China and other non-EU countries from 2019 to 2021  —  Tech giant hit by total claim worth €3bn amid investigation over sale of goods from non-EU countries including China Lees verder op Tech Meme

Bloomberg: Memo: Meta hires the former CEO of luxury goods marketplace The RealReal as its VP of Retail, as it seeks to boost Quest, Ray-Ban Meta, and AI wearables sales  —  – Company hires John Koryl as retail VP reporting to its CTO  — Meta wants to improve retail experience for new AI wearables Lees verder op Tech Meme

Mark Gurman / Bloomberg: Sources: Meta plans major investment in AI-powered humanoid robots, with an initial focus on household chores, and has formed a new team within Reality Labs  —  – Company is aiming to be the engine powering humanoid market  — Ex-Cruise CEO Marc Whitten to run new group in Reality Labs Lees verder op Tech Meme

Ivan Mehta / TechCrunch: Instagram is testing a dislike button for comments; Instagram will not show a dislike count and dislikes may eventually count toward ranking comments  —  After users noticed a new button on Instagram to downvote or dislike comments, the company confirmed that it is testing a way for users … Lees verder op Tech Meme

Lauren Feiner / The Verge: Sources: around 20 technologists at CFPB were fired on Thursday, gutting a team that specialized in understanding Big Tech’s entrance into financial products  —  The terminations leave a gaping hole in the oversight of financial institutions and tech firms venturing into financial technology. Lees verder op Tech Meme

PYMNTS.com: London-based OneID, which provides a bank-verified digital ID service, raised £16M+ led by ACF Investors; 200+ UK, Swedish, and US angel investors also invested  —  United Kingdom-based OneID raised over 16 million pounds (about $20 million) to grow its bank-verified digital identity service. Lees verder op Tech Meme

Tom Bristow / Politico: The UK recasting its AI Safety Institute as an AI Security Institute, without bias concerns, followed JD Vance’s speech criticizing “hand-wringing about safety”  —  LONDON — The hints first came in Paris.  Rumors were circulating over the two-day Artificial Intelligence Action Summit … Lees verder op Tech Meme

Reuters: Sources: the White House plans to renegotiate some Chips Act awards after changing current requirements, and has signaled delays to some upcoming disbursements  —  The White House is seeking to renegotiate U.S. CHIPS and Science Act awards and has signaled delays to some upcoming semiconductor disbursements … Lees verder op Tech Meme

Financial Times: Sources: Shein’s UK IPO may be delayed to H2 2025 after President Trump’s import crackdown; Shein had told investors a London IPO could happen as soon as Easter  —  Fast fashion group was targeting London listing in first half of 2025  —  Fast-fashion group Shein’s plans … Lees verder op Tech Meme