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Mastercard withdrew its commitment to invest $100M in 54 Collective, a top VC firm in Africa, where startup funding fell from $4.6B in 2022 to $2.2B in 2024 (Damilare Dosunmu/Rest of World) 02-03-2025

Damilare Dosunmu / Rest of World: Mastercard withdrew its commitment to invest $100M in 54 Collective, a top VC firm in Africa, where startup funding fell from $4.6B in 2022 to $2.2B in 2024  —  The withdrawal leaves a gap in support for early-stage startups, as Africa’s tech funding has been declining since 2022. Lees verder op Tech Meme

DeepSeek, OpenAI, and others building smaller, powerful models quickly and cheaply using “distillation” raises questions about LLMs' first-mover advantage (Financial Times) 02-03-2025

Financial Times: DeepSeek, OpenAI, and others building smaller, powerful models quickly and cheaply using “distillation” raises questions about LLMs’ first-mover advantage  —  DeepSeek used technique to create smaller powerful models based on the technology of competitors such as Meta Lees verder op Tech Meme

Samsung announces Galaxy A56, A36, and A26 smartphones with new AI image editing features and support for up to six years of Android OS and security upgrades (Emma Roth/The Verge) 02-03-2025

Emma Roth / The Verge: Samsung announces Galaxy A56, A36, and A26 smartphones with new AI image editing features and support for up to six years of Android OS and security upgrades  —  The new line of A-series devices has slightly larger screens and a bigger emphasis on AI image editing tools. Lees verder op Tech Meme

Zurich-based Unique, which offers AI agents for financial firms, raised a $30M Series A co-led by CommerzVentures and DN Capital to support its US expansion (Paul Sawers/TechCrunch) 02-03-2025

Paul Sawers / TechCrunch: Zurich-based Unique, which offers AI agents for financial firms, raised a $30M Series A co-led by CommerzVentures and DN Capital to support its US expansion  —  A four-year-old Swiss startup has raised a sizable chunk of change to capitalize on the burgeoning “agentic AI” movement. Lees verder op Tech Meme

A look at China's “Fantastic Four”, the founders of DeepSeek, Unitree, ByteDance, and DJI, who are grouped together partly because they were educated in China (Ben Jiang/South China Morning Post) 02-03-2025

Ben Jiang / South China Morning Post: A look at China’s “Fantastic Four”, the founders of DeepSeek, Unitree, ByteDance, and DJI, who are grouped together partly because they were educated in China  —  China’s new generation of tech tsars were born after the country began its ‘reform and opening up’ phase Lees verder op Tech Meme

Documents and interviews detail how Connor Moucka, John Binns, and Cameron Wagenius, the trio accused of hacking AT&T and other Snowflake customers, met online (Bloomberg) 02-03-2025

Bloomberg: Documents and interviews detail how Connor Moucka, John Binns, and Cameron Wagenius, the trio accused of hacking AT&T and other Snowflake customers, met online  —  – Live Nation and Advance Auto Parts among other hack victims  — US seeking to extradite one of the hackers from Canada Lees verder op Tech Meme

The US GSA eliminates 18F, a government tech consultancy that helps other agencies with their tech, including the IRS' Direct File, impacting about 90 employees (Natalie Alms/Nextgov/FCW) 02-03-2025

Natalie Alms / Nextgov/FCW: The US GSA eliminates 18F, a government tech consultancy that helps other agencies with their tech, including the IRS’ Direct File, impacting about 90 employees  —  USA.  —  The latest workforce action at the General Services Administration includes the elimination of an entire tech team of around 90 employees. Lees verder op Tech Meme