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Coupang reports Q1 revenue up 13% YoY to $5.8B, a $106.8M operating income, compared to a $205.7M loss in Q1 2022, and active customers up 5% YoY to 19M+ (Sohee Kim/Bloomberg) 10-05-2023

Sohee Kim / Bloomberg: Coupang reports Q1 revenue up 13% YoY to $5.8B, a $106.8M operating income, compared to a $205.7M loss in Q1 2022, and active customers up 5% YoY to 19M+  —  Coupang Inc., the South Korean e-commerce giant backed by SoftBank Group Corp., reported better-than-expected revenue growth after spending … Lees verder op Tech Meme

Sam Altman plans to testify to Congress for the first time on May 16 about AI oversight, alongside IBM VP Christina Montgomery and professor Gary Marcus (Cristiano Lima/Washington Post) 10-05-2023

Cristiano Lima / Washington Post: Sam Altman plans to testify to Congress for the first time on May 16 about AI oversight, alongside IBM VP Christina Montgomery and professor Gary Marcus  —  Sam Altman, the OpenAI chief, will appear for the first time as AI scrutiny soars in Washington  —  OpenAI CEO Sam Altman will testify … Lees verder op Tech Meme

Chinese DRAM maker ChangXin plans a Shanghai IPO, sources say after US chip toolmakers assured the equipment the company needs is exempt from export controls (Financial Times) 10-05-2023

Financial Times: Chinese DRAM maker ChangXin plans a Shanghai IPO, sources say after US chip toolmakers assured the equipment the company needs is exempt from export controls  —  ChangXin Memory Technologies to raise funds for production expansion following assurance on American equipment supplies Lees verder op Tech Meme

How Tokyo-based Rapidus is trying to become a globally competitive chipmaker by 2027, aiming to mass produce 2nm chips two years after leaders TSMC and Samsung (Bloomberg) 10-05-2023

Bloomberg: How Tokyo-based Rapidus is trying to become a globally competitive chipmaker by 2027, aiming to mass produce 2nm chips two years after leaders TSMC and Samsung  —  Tetsuro Higashi is taking on what seems like an impossible task: Create a globally competitive semiconductor manufacturer in Japan from scratch – and do it in four years. Lees verder op Tech Meme

Binance launches Capital Connect to connect VIP clients and investment fund managers; Binance has 128M+ users, of which VIPs are a “very small percentage” (Yogita Khatri/The Block) 10-05-2023

Yogita Khatri / The Block: Binance launches Capital Connect to connect VIP clients and investment fund managers; Binance has 128M+ users, of which VIPs are a “very small percentage”  —  – Binance has launched a new platform called Capital Connect to facilitate connections between its VIP clients and investment fund managers. Lees verder op Tech Meme

Roblox reports Q1 revenue up 22% YoY to $655.3M, bookings up 23% YoY to $773.8M, DAUs up 22% YoY to 66.1M, and a net loss up 67% YoY to $268.3M; RBLX jumps 5% (Rohan Goswami/CNBC) 10-05-2023

Rohan Goswami / CNBC: Roblox reports Q1 revenue up 22% YoY to $655.3M, bookings up 23% YoY to $773.8M, DAUs up 22% YoY to 66.1M, and a net loss up 67% YoY to $268.3M; RBLX jumps 5%  —  – Roblox beat analyst expectations on the top line but reported a wider-than-expected loss per share of 44 cents. Lees verder op Tech Meme

A Binance executive says the past six months in the US have been “very confusing” and the company will do “everything we possibly can” to be regulated in the UK (Financial Times) 10-05-2023

Financial Times: A Binance executive says the past six months in the US have been “very confusing” and the company will do “everything we possibly can” to be regulated in the UK  —  World’s largest cryptocurrency exchange says it is ‘very difficult’ to do business in US after moves by Washington regulators Lees verder op Tech Meme