Tech Meme

The Information: Sources: Reddit expects 2023 ad revenue up 20%+ to slightly over $800M; ad executives say Reddit is asking them to increase their spending by ~20% in 2024  —  If the market for initial public offerings recovers in the new year, one company that aims to go public early on is Reddit. Lees verder op Tech Meme

New York Times: A legal dispute about a Bitcoin mine in a small Texas town reveals how Chinese nationals are using Tether to move money to the US without drawing attention  —  A legal dispute in a tiny Texas town unexpectedly reveals how Chinese nationals can move money to the U.S. without drawing the attention of authorities in either country. Lees verder op Tech Meme

Blake Brittain / Reuters: President Biden’s administration declines to veto the US ITC’s decision to ban Apple Watch Series 9 and Ultra 2 imports over a Masimo patent dispute  —  U.S. President Joe Biden’s administration on Tuesday declined to veto a government tribunal’s decision to ban imports of Apple (AAPL.O) … Lees verder op Tech Meme

Steven Scheer / Reuters: Israel’s government agrees to give Intel a $3.2B grant for a $25B chip plant the company plans to build in Kiryat Gat in southern Israel, set to open in 2027  —  Israel’s government agreed to give Intel Corp (INTC.O) a $3.2 billion grant for new $25 billion chip plant it plans to build in southern Israel, both sides said on Tuesday. Lees verder op Tech Meme

Nicole Kobie / Wired: A look at AI apps like Bluey-GPT, Oscar, Once Upon a Bot, and Bedtimestory.ai, which create stories for kids, and concerns over copyright, trademark, and safety  —  Artificial intelligence can now tell tales featuring your kids’ favorite characters.  It’s copyright chaos—and a major headache for parents and guardians. Lees verder op Tech Meme

Zheping Huang / Bloomberg: China approves 105 local games, including titles from Tencent and NetEase, after the announcement of a new set of restrictions led to an $80B rout last week  —  – Beijing approves games, seeks feedback on new restrictions  — Tencent and NetEase shares plunged on Friday on crackdown fear Lees verder op Tech Meme

Bloomberg: Samsung delays chip production in its $17B Texas fab, saying the company could not confirm its production schedule, a blow to the US’ local chip ambitions  —  – TSMC has also postponed production at Arizona fab to 2025  — US chip ambition is plagued by permit and subsidy issues Lees verder op Tech Meme

Amanda Hoover / Wired: Experts detail how Facebook Marketplace users are getting scammed; Meta plans to add a notification system to let users identify “scams around payment apps”  —  I tried to sell a futon on Facebook Marketplace and nearly all I got were scammers.  —  This year, I decided to get rid … Lees verder op Tech Meme

Lawrence Abrams / BleepingComputer: GTA V source code appears to have been leaked on Discord, Telegram, a dark web site, and others, a little over a year after hackers breached Rockstar  —  The source code for Grand Theft Auto 5 was reportedly leaked on Christmas Eve, a little over a year after the Lapsus$ threat actors hacked Rockstar games and stole corporate data. Lees verder op Tech Meme

Jennifer Elias / CNBC: After vocal commitments following George Floyd’s murder in 2020, DEI programs at Big Tech companies, including Meta and Google, were in broad retreat in 2023  —  – After vocal commitments following the murder of George Floyd in 2020, DEI programs in the tech industry are in broad retreat. Lees verder op Tech Meme