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SMIC reports Q3 revenue down 15% YoY to $1.61B, vs. $1.64B est., and net income down 80% YoY to $94M, vs. $178.1M est., despite Huawei's Mate 60 Pro launch (Bloomberg) 09-11-2023

Bloomberg: SMIC reports Q3 revenue down 15% YoY to $1.61B, vs. $1.64B est., and net income down 80% YoY to $94M, vs. $178.1M est., despite Huawei’s Mate 60 Pro launch  —  The Shanghai company reported a 15% fall in revenue to $1.62 billion, versus an average projection for $1.64 billion. Lees verder op Tech Meme

US v. Google exposes Google's deepening rift with Microsoft, especially in the AI boom, despite Satya Nadella's attempts to make nice when he became CEO in 2014 (Wall Street Journal) 09-11-2023

Wall Street Journal: US v. Google exposes Google’s deepening rift with Microsoft, especially in the AI boom, despite Satya Nadella’s attempts to make nice when he became CEO in 2014  —  Search and software titans trade accusations as memory of detente fades  —  Satya Nadella wanted to make nice with longtime rival Google … Lees verder op Tech Meme

Brokers, hedge funds, and advisers push back hard on the SEC's proposed rules for AI used in financial advice, giving comments well past the October 10 deadline (Jennifer Hughes/Financial Times) 09-11-2023

Jennifer Hughes / Financial Times: Brokers, hedge funds, and advisers push back hard on the SEC’s proposed rules for AI used in financial advice, giving comments well past the October 10 deadline  —  Brokers, hedge funds and advisers say proposals are unnecessary and impossible to implement  —  Brokers, hedge funds … Lees verder op Tech Meme

Since becoming Twitch's CEO in March 2023, Dan Clancy has been traveling the US in a van, meeting prominent streamers and listening to their ideas and concerns (Cecilia D'Anastasio/Bloomberg) 09-11-2023

Cecilia D’Anastasio / Bloomberg: Since becoming Twitch’s CEO in March 2023, Dan Clancy has been traveling the US in a van, meeting prominent streamers and listening to their ideas and concerns  —  Dan Clancy aims to boost Amazon’s $45 billion livestreaming site by improving customer service for top performers Lees verder op Tech Meme

A look at Berlin-based financial regulator BaFin, which has sanctioned ~12 fintechs in 12 months, part of trying to repair its image after the Wirecard scandal (Bloomberg) 09-11-2023

Bloomberg: A look at Berlin-based financial regulator BaFin, which has sanctioned ~12 fintechs in 12 months, part of trying to repair its image after the Wirecard scandal  —  – BaFin has been trying to repair its image under Mark Branson  — Some fintech executives argue it risks stifling the industry Lees verder op Tech Meme

Google stops selling Fitbit products in 29 countries, including those where the company doesn't offer Pixel alternatives, to “align” its hardware portfolio (Ben Schoon/9to5Google) 09-11-2023

Ben Schoon / 9to5Google: Google stops selling Fitbit products in 29 countries, including those where the company doesn’t offer Pixel alternatives, to “align” its hardware portfolio  —  In a move that went a bit under the radar, Fitbit under Google has stopped selling its products in nearly 20 countries around the globe. Lees verder op Tech Meme

Polygon Labs launches a grant program, with 110 million of its MATIC native token, worth around $85M, to entice developers to build apps in its ecosystem (Jamie Crawley/CoinDesk) 09-11-2023

Jamie Crawley / CoinDesk: Polygon Labs launches a grant program, with 110 million of its MATIC native token, worth around $85M, to entice developers to build apps in its ecosystem  —  Polygon Labs is offering 110 million of its native token, MATIC, to projects in DeFi, gaming and social media, among others.  —  Register Now Lees verder op Tech Meme