Stefania Palma / Financial Times: The CFPB proposes new powers to oversee companies that offer digital wallets and payment apps facilitating 5M+ transactions per year, or currently ~17 companies  —  Proposal would subject tech companies such as Apple and Google to new rules  —  The top US consumer finance regulator is seeking … Lees verder op Tech Meme

Brian Fung / CNN: Former Meta consultant Arturo Béjar’s Senate testimony: Meta execs ignored warnings about harms to teens, using carefully crafted metrics to downplay the issue  —  Meta’s top executives, including CEO Mark Zuckerberg, ignored warnings for years about harms to teens on its platforms such as Instagram … Lees verder op Tech Meme

Kyle Wiggers / TechCrunch: The Microsoft for Startups Founders Hub previews for YC startups a new Nvidia GPU cluster option for AI in Azure and aims to expand access to startups in M12  —  In the midst of an AI chip shortage, Microsoft wants to give a privileged few startups free access to “supercomputing” resources from its Azure cloud for developing AI models. Lees verder op Tech Meme

Kia Kokalitcheva / Axios: IBM debuts a $500M enterprise AI venture fund, to invest in startups across stages, with no set target of annual investments or capital deployment timeline  —  IBM is dedicating $500 million to invest in generative AI startups focused on business customers. Lees verder op Tech Meme