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UK prosecutors say the Met Police seized 61K bitcoin, worth £1.4B+, in 2018, as part of a trial over an alleged ~£5B investment fraud in China between 2014-2017 (Eri Sugiura/Financial Times) 31-01-2024

Eri Sugiura / Financial Times: UK prosecutors say the Met Police seized 61K bitcoin, worth £1.4B+, in 2018, as part of a trial over an alleged ~£5B investment fraud in China between 2014-2017  —  One of the world’s largest seizures revealed during trial of woman accused of laundering cryptocurrency for her former employer Lees verder op Tech Meme

Sources: some Chinese automakers delayed flagship model deliveries due to production issues with Huawei's MDC 810 computing unit; a source blames part shortages (Reuters) 31-01-2024

Reuters: Sources: some Chinese automakers delayed flagship model deliveries due to production issues with Huawei’s MDC 810 computing unit; a source blames part shortages  —  Some Chinese automakers have had to delay deliveries of flagship models due to production issues with a computing unit made by tech giant Huawei … Lees verder op Tech Meme

23andMe's stock, which hit a $6B valuation after a 2021 IPO, has crashed 98% and 23andMe may run out of cash by 2025, as CEO Anne Wojcicki plots a turnaround (Rolfe Winkler/Wall Street Journal) 31-01-2024

Rolfe Winkler / Wall Street Journal: 23andMe’s stock, which hit a $6B valuation after a 2021 IPO, has crashed 98% and 23andMe may run out of cash by 2025, as CEO Anne Wojcicki plots a turnaround  —  From celebrity ‘spit parties’ to a drop in the bucket: The once-hot DNA-testing company is struggling to profit Lees verder op Tech Meme

In prepared Senate testimony, TikTok CEO Shou Chew says the company plans to spend $2B+ in 2024 on trust and safety globally and the app has 170M US MAUs (Alex Barinka/Bloomberg) 31-01-2024

Alex Barinka / Bloomberg: In prepared Senate testimony, TikTok CEO Shou Chew says the company plans to spend $2B+ in 2024 on trust and safety globally and the app has 170M US MAUs  —  – Shou Chew joins US rivals in Senate hearing Wednesday  — Global social media chiefs will outline plans to protect kids Lees verder op Tech Meme

A look at Ubisoft's problems, as insiders fear further layoffs: a wild goose chase of popular fads, like NFTs, constant delays, low player numbers, and more (Tom Henderson/Insider Gaming) 31-01-2024

Tom Henderson / Insider Gaming: A look at Ubisoft’s problems, as insiders fear further layoffs: a wild goose chase of popular fads, like NFTs, constant delays, low player numbers, and more  —  As industry-wide layoffs continue to plague headlines, Ubisoft, the sixth-largest video game company by employees, is at a crossroads. Lees verder op Tech Meme

Bipartisan Senators unveil the DEFIANCE Act, which would let people sue over deepfake porn and other AI “intimate” images, after the viral Taylor Swift images (Adi Robertson/The Verge) 31-01-2024

Adi Robertson / The Verge: Bipartisan Senators unveil the DEFIANCE Act, which would let people sue over deepfake porn and other AI “intimate” images, after the viral Taylor Swift images  —  US lawmakers have proposed letting people sue over faked pornographic images of themselves, following the spread … Lees verder op Tech Meme