Financial Times: Employees, sources, and experts describe crisis at Alibaba as the company struggles to chart a new course and an ambitious restructuring did not go as planned — Once Asia’s most valuable company, the group has fallen behind rivals amid a chaotic restructuring Lees verder op Tech Meme
Dan Primack / Axios: Filing: Fidelity marks down the value of its X stake, estimating the company is worth ~28% of the $44B that Elon Musk paid, down from 33% in May 2023 — Fidelity has again marked down the value of its shares in X Holdings, which the mutual fund giant helped Elon Musk buy for $44 billion when the company was known as Twitter. Lees verder op Tech Meme
Bloomberg: Filing: Baidu terminates its $3.6B acquisition of Joyy’s Chinese livestreaming business YY Live, as some conditions haven’t been met; Joyy seeks legal advice — – Tech industry’s focus has turned to generative AI now … The Beijing-based company said its $3.6 billion deal for Joyy’s YY Live … Lees verder op Tech Meme
Bloomberg: Sources: ASML canceled shipments of some of its machines to China at the US’ request, weeks before export bans on the high-end chipmaking equipment took effect — – ASML canceled shipments of a liminted number of devices — Biden is cracking down on Beijing’s semiconductor industry Lees verder op Tech Meme
John Kruzel / Reuters: In his year-end report, SCOTUS Chief Justice John Roberts says AI is a mixed blessing for the legal field, urging “caution and humility” as the tech is adopted — Artificial intelligence represents a mixed blessing for the legal field, U.S. Supreme Court Chief Justice John Roberts … Lees verder op Tech Meme
Ash Parrish / The Verge: The scope and scale of layoffs in the video game industry in 2023 was far beyond a typical year, with an estimated 10,466 workers losing their jobs globally — Layoffs are an unfortunate reality of any industry, but the scope and scale of video game layoffs in 2023 are far beyond a typical year. Lees verder op Tech Meme
Keza MacDonald / The Guardian: A profile of Mario and Zelda creator Shigeru Miyamoto, who joined Nintendo in 1977 and says he has no plans to retire as representative director at the company — Few people have influenced global pop culture as much as the creator of Mario and Zelda, widely considered the father of modern gaming. Lees verder op Tech Meme
Bloomberg: Filing: Baidu’s $3.6B deal to acquire Joyy’s Chinese livestreaming business YY Live, announced in November 2020, expires as China didn’t approve by December 31 — – Tech industry’s focus has turned to generative AI now … The Beijing-based company said its $3.6 billion deal for Joyy’s YY Live … Lees verder op Tech Meme
NBC News: California laws leave driverless vehicles immune from traffic tickets, while Texas and Arizona rewrote traffic laws to issue tickets to AV owners for violations — City streets are the testing ground for hundreds of self-driving cars in California, despite safety concerns and gray areas surrounding traffic laws. Lees verder op Tech Meme
Tim Bradshaw / Financial Times: Counterpoint: ~16M foldable phones were sold in 2023, just 1.3% of all 1.2B smartphones, as foldables start to gain traction in markets like the US and China — Samsung, Motorola and Huawei continue to invest in high-priced flip devices despite weak sales — Every large smartphone maker … Lees verder op Tech Meme