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One year after its NYSE delisting, Didi has a ~$14B market cap and has maintained a ~70% share in China's ride-hailing market, despite Beijing's crackdown (Bloomberg) 15-06-2023

Bloomberg: One year after its NYSE delisting, Didi has a ~$14B market cap and has maintained a ~70% share in China’s ride-hailing market, despite Beijing’s crackdown  —  A delisting from the US Big Board often marks the end of a company’s traction with big investors.  For Didi Global Inc., the story couldn’t be more different. Lees verder op Tech Meme

Microsoft researchers detail Cadet Blizzard, a GRU group they say was behind the WhisperGate data-wiping attacks in Ukraine just before Russia's 2022 invasion (Sergiu Gatlan/BleepingComputer) 15-06-2023

Sergiu Gatlan / BleepingComputer: Microsoft researchers detail Cadet Blizzard, a GRU group they say was behind the WhisperGate data-wiping attacks in Ukraine just before Russia’s 2022 invasion  —  Microsoft has linked a threat group it tracks as Cadet Blizzard since April 2023 to Russia’s Main Directorate of the General Staff of the Armed Forces (also known as GRU). Lees verder op Tech Meme

The US DOJ agrees to try Sam Bankman-Fried on eight charges for now, including wire fraud, securities fraud, and money laundering, down from the 13 he faces (Nikhilesh De/CoinDesk) 15-06-2023

Nikhilesh De / CoinDesk: The US DOJ agrees to try Sam Bankman-Fried on eight charges for now, including wire fraud, securities fraud, and money laundering, down from the 13 he faces  —  Sam Bankman-Fried moved to dismiss most of the charges brought against him last month.  —  The U.S. Department of Justice intends … Lees verder op Tech Meme

A look at ByteDance's efforts to turn Douyin into a super app; ByteDance says Douyin's 700M users increased their spending on its on-demand services 7x in 2022 (Zheping Huang/Bloomberg) 15-06-2023

Zheping Huang / Bloomberg: A look at ByteDance’s efforts to turn Douyin into a super app; ByteDance says Douyin’s 700M users increased their spending on its on-demand services 7x in 2022  —  As a middle-age restaurant owner who was neither interested in scrolling through viral videos nor likely to create such videos herself … Lees verder op Tech Meme

Meta AI's Yann LeCun says experts' fears of AI threatening humanity are “preposterously ridiculous” and keeping research “under lock and key” would be a mistake (Chris Vallance/BBC) 15-06-2023

Chris Vallance / BBC: Meta AI’s Yann LeCun says experts’ fears of AI threatening humanity are “preposterously ridiculous” and keeping research “under lock and key” would be a mistake  —  One of the three “godfathers of AI” has said it won’t take over the world or permanently destroy jobs. Lees verder op Tech Meme

The US DOJ agrees to try Sam Bankman-Fried on only eight charges for now, including wire fraud, securities fraud, and money laundering, of the 13 faced by him (Nikhilesh De/CoinDesk) 15-06-2023

Nikhilesh De / CoinDesk: The US DOJ agrees to try Sam Bankman-Fried on only eight charges for now, including wire fraud, securities fraud, and money laundering, of the 13 faced by him  —  Sam Bankman-Fried moved to dismiss most of the charges brought against him last month.  —  The U.S. Department of Justice intends … Lees verder op Tech Meme