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The UK ICO fines TikTok £12.7M for failing to protect kids' data, saying the app “should have done better”, down from a £27M fine proposed in September 2022 (Tom Bristow/Politico) 04-04-2023

Tom Bristow / Politico: The UK ICO fines TikTok £12.7M for failing to protect kids’ data, saying the app “should have done better”, down from a £27M fine proposed in September 2022  —  The ICO estimates that 1.4 million children in the UK were on TikTok in 2020. Lees verder op Tech Meme

Web3 messaging protocol developer LayerZero Labs raised a $120M Series B at a $3B valuation, up from $1B in March 2022 when the startup raised $135M (Brandy Betz/CoinDesk) 04-04-2023

Brandy Betz / CoinDesk: Web3 messaging protocol developer LayerZero Labs raised a $120M Series B at a $3B valuation, up from $1B in March 2022 when the startup raised $135M  —  The cross-chain interoperability and messaging protocol last raised funds in March 2022 at a $1 billion valuation. Lees verder op Tech Meme

The UK ICO fines TikTok £12.7M for failing to protect kids' data, saying the app “should have done better”, down from a £27M fine proposed in September 2022 (Tom Bristow/Politico) 04-04-2023

Tom Bristow / Politico: The UK ICO fines TikTok £12.7M for failing to protect kids’ data, saying the app “should have done better”, down from a £27M fine proposed in September 2022  —  The ICO estimates that 1.4 million children in the UK were on TikTok in 2020. Lees verder op Tech Meme

SEMI report: Japan is expected to spend $7B on chipmaking equipment in 2024, up 82% on 2023, the largest in the world; China's spending is forecast to rise 2% (Sam Kim/Bloomberg) 04-04-2023

Sam Kim / Bloomberg: SEMI report: Japan is expected to spend $7B on chipmaking equipment in 2024, up 82% on 2023, the largest in the world; China’s spending is forecast to rise 2%  —  Japan is poised to sharply raise its chip-gear spending in an attempt to boost its position in the global semiconductor market … Lees verder op Tech Meme