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Omdia predicts India will be the world's fastest growing digital economy through 2027, recording 9.6% compound annual growth and 12.7% annual digital ad growth (Chloe Cornish/Financial Times) 07-11-2023

Chloe Cornish / Financial Times: Omdia predicts India will be the world’s fastest growing digital economy through 2027, recording 9.6% compound annual growth and 12.7% annual digital ad growth  —  US tech companies YouTube and Meta can expect to achieve rapid growth in video revenues, say analysts Lees verder op Tech Meme

Sources: Pico plans to cut “hundreds” of jobs and undertake its biggest overhaul since ByteDance acquired the VR unit in 2021, as global headset demand weakens (Josh Ye/Reuters) 07-11-2023

Josh Ye / Reuters: Sources: Pico plans to cut “hundreds” of jobs and undertake its biggest overhaul since ByteDance acquired the VR unit in 2021, as global headset demand weakens  —  ByteDance’s virtual reality (VR) arm Pico will cut jobs and undertake its biggest overhaul since it was acquired … Lees verder op Tech Meme

Ahead of ex-Meta consultant Arturo Béjar's Senate testimony, internal documents and sources detail debates over fostering growth while protecting young users (Naomi Nix/Washington Post) 07-11-2023

Naomi Nix / Washington Post: Ahead of ex-Meta consultant Arturo Béjar’s Senate testimony, internal documents and sources detail debates over fostering growth while protecting young users  —  A former engineering and product leader at Meta is expected to testify in Congress about how Meta ignored warnings about youth safety Lees verder op Tech Meme

The Tech Coalition, including Discord, Google, Meta, Roblox, Snap, and Twitch, announce Lantern to help share “signals” on child sexual exploitation and abuse (Kyle Wiggers/TechCrunch) 07-11-2023

Kyle Wiggers / TechCrunch: The Tech Coalition, including Discord, Google, Meta, Roblox, Snap, and Twitch, announce Lantern to help share “signals” on child sexual exploitation and abuse  —  The Tech Coalition, the group of tech companies developing approaches and policies to combat online child sexual exploitation … Lees verder op Tech Meme

Volante, which offers low-code payments tools used by 150 major banks and other institutions, raised $66M in equity and debt, taking its total funding to $116M (Ingrid Lunden/TechCrunch) 07-11-2023

Ingrid Lunden / TechCrunch: Volante, which offers low-code payments tools used by 150 major banks and other institutions, raised $66M in equity and debt, taking its total funding to $116M  —  “Digital transformation” among enterprises hasn’t happened with quite the gusto that people predicted it would a few years ago. Lees verder op Tech Meme