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Dublin-based NomuPay, formed in 2023 out of some of Germany-based fintech Wirecard's regional payment licenses, raised a $37M Series B at a ~$200M valuation (Ingrid Lunden/TechCrunch) 08-01-2025

Ingrid Lunden / TechCrunch: Dublin-based NomuPay, formed in 2023 out of some of Germany-based fintech Wirecard’s regional payment licenses, raised a $37M Series B at a ~$200M valuation  —  Wirecard, a German fintech that raised hundreds of millions of dollars only to collapse in 2020 in a sea of scandal and insolvency … Lees verder op Tech Meme

In a first, an EU court fines the EC €400 for breaching its own data protection rules by transferring a citizen's data to the US via “Sign in with Facebook” (Reuters) 08-01-2025

Reuters: In a first, an EU court fines the EC €400 for breaching its own data protection rules by transferring a citizen’s data to the US via “Sign in with Facebook”  —  In a first, the EU General Court ruled on Wednesday that the European Commission must pay damages to a German citizen … Lees verder op Tech Meme

Meta will launch a test in Germany, France and the US to publish eBay listings on Facebook Marketplace, after it was fined €798M by EU for abusing dominance (Samuel Stolton/Bloomberg) 08-01-2025

Samuel Stolton / Bloomberg: Meta will launch a test in Germany, France and the US to publish eBay listings on Facebook Marketplace, after it was fined €798M by EU for abusing dominance  —  – Company was fined €798 million by EU for abusing dominance  — Meta still challenging landmark fine through EU courts Lees verder op Tech Meme

AMD invests $20M in drug-discovery company Absci, which will move toward greater use of AMD's GPUs; Absci has 470+ AI chips, most of which are from Nvidia (Belle Lin/Wall Street Journal) 08-01-2025

Belle Lin / Wall Street Journal: AMD invests $20M in drug-discovery company Absci, which will move toward greater use of AMD’s GPUs; Absci has 470+ AI chips, most of which are from Nvidia  —  The $20 million deal gives the chip supplier a toehold in the life-sciences market, a strategy it plans to replicate in other industries Lees verder op Tech Meme

Sources: Movement Labs, which is building a layer-2 Ethereum blockchain, is set to raise a $100M Series B at a $3B valuation, after raising $38M in April 2024 (Leo Schwartz/Fortune) 08-01-2025

Leo Schwartz / Fortune: Sources: Movement Labs, which is building a layer-2 Ethereum blockchain, is set to raise a $100M Series B at a $3B valuation, after raising $38M in April 2024  —  Movement Labs, a San Francisco-based software developing team building a layer-2 blockchain on Ethereum, is close to wrapping … Lees verder op Tech Meme

Meta's fact-checking overhaul is set to deepen a growing schism between how platforms do content moderation in the US and in stricter regions like Europe (Cristiano Lima-Strong/Washington Post) 08-01-2025

Cristiano Lima-Strong / Washington Post: Meta’s fact-checking overhaul is set to deepen a growing schism between how platforms do content moderation in the US and in stricter regions like Europe  —  As platform scales back moderation in line with conservative demands in the U.S., it still has to maneuver through stiffer regulations in Europe and elsewhere. Lees verder op Tech Meme