The Verge: Peloton CEO Barry McCarthy steps down, as the company lays off ~15% of its workforce, or ~400 people, its fifth cut since its 2021 peak, when it had 8,600 staff  —  Peloton’s CEO Barry McCarthy is stepping down after announcing yet another round of layoffs, this time affecting about 15 percent … Lees verder op Tech Meme

Natasha Lomas / TechCrunch: Apple adds carveouts to its EU core tech fee, exempting free app developers and giving those with annual global revenue under €10M a three-year “free on-ramp”  —  Apple is tweaking how it applies a new fee that can apply to iOS developers in the European Union as it continues … Lees verder op Tech Meme

Senator Scott Wiener / @scott_wiener: [Thread] California State Senator Scott Wiener defends his AI safety bill, SB 1047, after criticism that it will “crush OpenAI’s competitors” and open-source AI  —  AI policy is a new & fast-moving field & it’s healthy & important to have a diversity of perspectives. However, this thread contains some extreme inaccuracies — indeed outright fear-mongering — about our AI safety legislation (SB 1047) that need to be corrected: 🧵 Lees verder op Tech Meme

New York Times: A US federal judge grills the DOJ and Google in the closing arguments of US v. Google, as the most consequential tech antitrust case since the 1990s concludes  —  Judge Amit P. Mehta tried poking holes in the closing arguments of a landmark monopoly case as he weighs a ruling that could reshape tech. Lees verder op Tech Meme

Rebecca Bellan / TechCrunch: Hyundai invests $475M in self-driving startup Motional and plans to spend another $448M to buy 11% of Aptiv’s common equity interest in Motional  —  Hyundai has agreed to spend nearly $1 billion on Motional, an investment that will give the automaker a majority stake while providing … Lees verder op Tech Meme

Krisztian Sandor / CoinDesk: Tether says it is working with Chainalysis to identify crypto wallets that could be used for bypassing sanctions or illicit activities like terrorist financing  —  The monitoring system would help Tether identify risky crypto addresses that could be used for bypassing sanctions or illicit activities … Lees verder op Tech Meme

Russell Brandom / Rest of World: WhatsApp told Delhi High Court last week that it will be forced to leave India if required to maintain “traceability” for messages as part of 2021’s IT rules  —  Tracing the origins of messages is more complicated than it sounds.  —  Russell Brandom is the U.S. Tech Editor at Rest of World. Lees verder op Tech Meme

Apple: Apple reports second quarter results  —  Services revenue reaches new all-time record  —  EPS sets March quarter record  —  Apple® today announced financial results for its fiscal 2024 second quarter ended March 30, 2024.  The Company posted quarterly revenue of $90.8 billion … Lees verder op Tech Meme