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 legal 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: Adyen reports H1 2023 net revenue up 21% YoY to €739.1M, below €754M est., €320M EBITDA, below €365M est., and defends hiring 551 new staff; ADYEN.AS drops 35%+  —  Dutch company counts cost of sustained recruitment and fierce US competition Lees verder op Tech Meme

Natalie Lung / Bloomberg: Jefferies and TrueUp: tech companies laid off 342,671 employees so far in 2023, up from the 243,075 job cuts across 2022, but cuts have slowed in the summer  —  Tech companies aren’t yet ramping up hiring after massive layoffs over the past year, despite a surge in interest in artificial intelligence … Lees verder op Tech Meme

Umar Shakir / The Verge: Meta starts rolling out HD photo support globally in WhatsApp for Android, iOS, and the web, and says the company plans to add support for HD videos soon  —  WhatsApp is flipping a switch that will let users send higher-quality “HD” images on the messaging platform. Lees verder op Tech Meme

Kate Clark / The Information: Sources: Ramp, which offers credit cards and expense management software, is raising funding at a $5.5B valuation, a 32% cut to its $8.1B valuation from 2022  —  Fintech startup Ramp is raising several hundred million from investors at a $5.5 billion valuation, measured before the investment … Lees verder op Tech Meme

Aisha Malik / TechCrunch: Google launches a new Transparency Center to let users report harmful content, make appeals across Google’s services, read its transparency reports, and more  —  Google is launching a new Transparency Center to make it easier for users to learn more about its product policies. Lees verder op Tech Meme

Madhumita Murgia / Financial Times: Llion Jones, who co-authored Google’s pioneering transformer paper, launches Sakana AI alongside David Ha, the former head of Google’s AI research arm in Japan  —  Llion Jones and David Ha take inspiration from nature with start-up Sakana AI  —  A former Google researcher who co-authored … Lees verder op Tech Meme

Siddharth Venkataramakrishnan / Financial Times: Adyen reports H1 2023 net revenue up 21% YoY to €739.1M, below €754M est., €320M EBITA, below €365M est., and defends hiring 551 new staff; ADYEN.AS drops 27%+  —  Dutch company counts cost of sustained recruitment and fierce US competition Lees verder op Tech Meme