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GoTo reports a $5.76B net loss in 2023, up over 2x YoY, due to a write-down after TikTok bought a ~75% stake in GoTo's Tokopedia, on ~$933.6M in net revenue (Nana Shibata/Nikkei Asia) 20-03-2024

Nana Shibata / Nikkei Asia: GoTo reports a $5.76B net loss in 2023, up over 2x YoY, due to a write-down after TikTok bought a ~75% stake in GoTo’s Tokopedia, on ~$933.6M in net revenue  —  Superapp and ride-sharing company expects EBITDA breakeven this year  —  Indonesian superapp provider GoTo’s stock price has slumped since the company went public in 2022. Lees verder op Tech Meme

Samsung co-CEO Kye-Hyun Kyung expects $100M+ revenue in 2024 from an advanced chip packaging unit that the company set up as a separate business in 2023 (Reuters) 20-03-2024

Reuters: Samsung co-CEO Kye-Hyun Kyung expects $100M+ revenue in 2024 from an advanced chip packaging unit that the company set up as a separate business in 2023  —  Samsung Electronics (005930.KS) expects $100 million or more of revenue from its next batch of advanced chip-packaging products this year, co-CEO Kye-Hyun Kyung said on Wednesday. Lees verder op Tech Meme

How Sweet Baby, a small video game narrative development company, became the focus of Gamergate 2.0, a harassment campaign against “forced” diversity in gaming (Ash Parrish/The Verge) 20-03-2024

Ash Parrish / The Verge: How Sweet Baby, a small video game narrative development company, became the focus of Gamergate 2.0, a harassment campaign against “forced” diversity in gaming  —  A group of gamers has mobilized a harassment campaign against a story consultant company, marginalized developers … Lees verder op Tech Meme

France fines Google €250M for failing to broker deals with media outlets over content linking and using press content to train AI, after a €500M fine in 2021 (Samuel Stolton/Bloomberg) 20-03-2024

Samuel Stolton / Bloomberg: France fines Google €250M for failing to broker deals with media outlets over content linking and using press content to train AI, after a €500M fine in 2021  —  – Firm accused of failing to meet past commitments in dispute  — Watchdog says it plundered content to train its AI technology Lees verder op Tech Meme

The US awards Intel $8.5B in CHIPS Act funding and $11B in loans to expand in Arizona, Ohio, New Mexico, and Oregon; Intel plans to spend $100B over five years (Financial Times) 20-03-2024

Financial Times: The US awards Intel $8.5B in CHIPS Act funding and $11B in loans to expand in Arizona, Ohio, New Mexico, and Oregon; Intel plans to spend $100B over five years  —  Preliminary agreement under US Chips Act also includes $11bn loan as company expands capacity in Arizona and other states Lees verder op Tech Meme

Samsung expects revenue of $100M or more in 2024 from an advanced chip packaging unit that the company set up as a separate business in 2023 (Reuters) 20-03-2024

Reuters: Samsung expects revenue of $100M or more in 2024 from an advanced chip packaging unit that the company set up as a separate business in 2023  —  Samsung Electronics (005930.KS) expects $100 million or more of revenue from its next batch of advanced chip-packaging products this year, co-CEO Kye-Hyun Kyung said on Wednesday. Lees verder op Tech Meme