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French payments group Worldline reports Q3 sales up 4.8% YoY to €1.18B and warns of 2023 revenue hit by high interest rates; WLN drops 55%+ to a ~€3B market cap (Sarah White/Financial Times) 25-10-2023

Sarah White / Financial Times: French payments group Worldline reports Q3 sales up 4.8% YoY to €1.18B and warns of 2023 revenue hit by high interest rates; WLN drops 55%+ to a ~€3B market cap  —  French payments group blames deteriorating economic outlook in Germany for hit to profits Lees verder op Tech Meme

After 12 days of damaging US witness testimony from SBF's friends and colleagues, legal experts say he may now have to take the stand to avoid life in prison (Joshua Oliver/Financial Times) 25-10-2023

Joshua Oliver / Financial Times: After 12 days of damaging US witness testimony from SBF’s friends and colleagues, legal experts say he may now have to take the stand to avoid life in prison  —  After days of prosecution evidence, including testimony from erstwhile colleagues and friends, some legal experts think the former FTX boss will now have to take the stand Lees verder op Tech Meme

US v. Google: Judge Amit Mehta has repeatedly accepted Google's requests to redact documents and hold private testimony, alarming press advocates and reporters (Scott Nover/Slate) 25-10-2023

Scott Nover / Slate: US v. Google: Judge Amit Mehta has repeatedly accepted Google’s requests to redact documents and hold private testimony, alarming press advocates and reporters  —  U.S. v. Google was supposed to be the “antitrust trial of the century”—the highest-profile, and potentially the most consequential … Lees verder op Tech Meme

Sources: one year after lending Elon Musk $13B to acquire Twitter, seven US banks still hold the debt and expect to take a 15%+, or ~$2B, hit when they sell (Wall Street Journal) 25-10-2023

Wall Street Journal: Sources: one year after lending Elon Musk $13B to acquire Twitter, seven US banks still hold the debt and expect to take a 15%+, or ~$2B, hit when they sell  —  Banks have begun preparations to try to unload at least some of the $13 billion of debt they underwrote, at a steep discount Lees verder op Tech Meme

Toronto-based CentML, which offers tools to cut the cost of deploying ML models, raised a $27M seed from Nvidia and others, taking its total funding to $30.5M (Kyle Wiggers/TechCrunch) 25-10-2023

Kyle Wiggers / TechCrunch: Toronto-based CentML, which offers tools to cut the cost of deploying ML models, raised a $27M seed from Nvidia and others, taking its total funding to $30.5M  —  Contrary to what you might’ve heard, the era of large seed rounds isn’t over — at least in the AI sector. Lees verder op Tech Meme