Vlad Savov / Bloomberg: Counterpoint: 2023 global smartphone shipments to drop 6% YoY to 1.15B units, the lowest level since 2013, due to China’s worsening economy and poor US demand  —  – Global smartphone shipments are expected to drop 6% from 2022  — Apple is better positioned than others to weather the storm Lees verder op Tech Meme

Reuters: Lenovo reports Q1 revenue down 24% YoY to $12.9B, below $13.84B est., net income down 66% YoY to $177M, and China sales down 29% YoY, as PC demand slumps  —  China’s Lenovo Group (0992.HK) on Thursday posted a worse-than-expected 24% fall in revenue for the April-June quarter … Lees verder op Tech Meme

Sarah Zheng / Bloomberg: Sources: Chinese regulators met with Walmart, PayPal, and other foreign companies to help navigate China’s new data security rules, hoping to ease some fears  —  – Walmart, PayPal among foreign firms that met CAC last week  — They discussed fast-tracking some data transfers abroad Lees verder op Tech Meme

Siddharth Venkataramakrishnan / Financial Times: European payments company Adyen reports H1 2023 net revenue up 21% YoY to €739.1M, below €754M est., €320M EBITA, below €365M est., and defends hiring 551 staff  —  Sustained recruitment by Dutch payments company hits first-half profits  —  European payments company Adyen … Lees verder op Tech Meme

Mehul Srivastava / Financial Times: A number of cyber security professionals called in by companies and governments to tackle organized hacking groups say their work is attracting physical threats  —  Computer experts called in to tackle organised hacking groups say their work is attracting physical threats Lees verder op Tech Meme

Alex Cranz / The Verge: YouTube channel Linus Tech Tips pauses production after accusations of theft, ethical lapses, and sexual harassment, and plans to hire an outside investigator  —  Linus Sebastian’s Linus Media Group YouTube empire is currently in crisis, with accusations of theft, lapses in ethics, and most recently, allegations of sexual harassment. Lees verder op Tech Meme

Reuters: Lenovo reports Q1 revenue down 24% YoY to $12.9B, and a net income attributable to shareholders down 66% YoY to $177M, as PC demand continues to slump  —  China’s Lenovo Group (0992.HK) on Thursday posted a worse-than-expected 24% fall in revenue for the April-June quarter … Lees verder op Tech Meme

Foreign Affairs: Effective global governance of AI doesn’t stand a chance without collaboration with tech companies and policymakers agreeing on basic AI governance principles  —  It’s 2035, and artificial intelligence is everywhere.  AI systems run hospitals, operate airlines, and battle each other in the courtroom. Lees verder op Tech Meme