Cissy Zhou / Nikkei Asia: Sources: Alibaba Cloud plans to layoff 7% of its staff, or ~1,000 employees, as it prepares for a spinoff within 12 months and an eventual IPO  —  Move follows tech giant announcing spinoff of group within 12 months  —  Alibaba, like other Chinese tech companies, has been cutting costs and reducing headcount for more than a year. Lees verder op Tech Meme

Bloomberg: TikTok CEO Shou Chew says Oracle has begun reviewing TikTok’s source code and the app is “on track” to have all US user data hosted and overseen by Oracle  —  ByteDance Ltd.’s TikTok is “on track” with its undertaking to have all US user data hosted and overseen by Oracle Corp. … Lees verder op Tech Meme

Mike Butcher / TechCrunch: New York-based OpenFin, which offers tools for financial institutions to build unified, digital workspaces, raised a $35M Series D led by Bank of America  —  Not unlike a post-Internet-era Bloomberg Terminal, OpenFin was a startup which joined the revolutionary world of user interfaces to fast-moving information, back in 2010. Lees verder op Tech Meme

Financial Times: Nvidia CEO Jensen Huang says US chip export controls has put the US tech industry at risk of “enormous damage”, as Chinese firms start building their own chips  —  Jensen Huang tells lawmakers to be ‘thoughtful’ about imposing more export controls on Beijing Lees verder op Tech Meme

Wired: Multilingual language models may not be effective tools to moderate content on social networks due the systems’ shortcomings in detecting harmful content  —  Social media companies claim new language models can remove harmful content in every language.  But those systems’ shortcomings can have vast consequences. Lees verder op Tech Meme

Sergiu Gatlan / BleepingComputer: Google launches the Mobile Vulnerability Rewards Program, a bug bounty program for its Android applications, offering rewards ranging from $500 to $30K  —  Google has launched the Mobile Vulnerability Rewards Program (Mobile VRP), a new bug bounty program that will pay security researchers … Lees verder op Tech Meme

Philip Bump / Washington Post: Elon Musk’s intent in buying Twitter apparently was not only to dismantle a traditional media tool but also to turn Twitter into a right-wing media heavyweight  —  It was only a year ago that Elon Musk, then simply the guy who was hoping to buy Twitter, insisted that his politics sat squarely at the center of the national spectrum. Lees verder op Tech Meme

Andy Robinson / Video Games Chronicle: Sony says it sold ~600K PS VR2 units during the first six weeks of availability since launching on February 22, 8% more than PS VR sales six weeks from launch  —  THE PS5 HEADSET SOLD AROUND 600,000 UNITS IN ITS FIRST SIX WEEKS  —  PlayStation VR2’s early sales are ahead of what its PS4-powered predecessor managed, Sony has claimed. Lees verder op Tech Meme