Financial Times: Emmanuel Macron warns the EU’s AI Act risks hampering tech companies compared to US, UK, and China rivals, and says France is “neck and neck with the British” — French president argues landmark rules may leave European tech companies lagging rivals in US, UK and China Lees verder op Tech Meme
Sam Reynolds / CoinDesk: China plans to roll out RealDID, its Blockchain-based Service Network developed by China Mobile, UnionPay, and the government, to verify its 1.4B people — The announcement follows a government rule change to require social media influencers to display their real names. — Register Now Lees verder op Tech Meme
Bloomberg: Google’s legal defeat to Epic threatens to roil an app store duopoly with Apple that generates ~$200B per year and will likely accelerate weaker app store rules — – Jury decision poised to accelerate crumbling of business model — Case takes aim at app store commissions of up to 30% Lees verder op Tech Meme
Anna Baydakova / The Block: Filing: FTX asks the IRS to substantiate its unpaid taxes claim against the company; the IRS lowered the amount from $44B in April 2023 to $24B in November 2023 — – FTX lawyers are asking the IRS to show how it calculated what it says is $24 billion of unpaid taxes. Lees verder op Tech Meme
Jordan Novet / CNBC: Oracle reports Q2 revenue up 5% YoY to $12.94B, vs. $13.05B est., net income up 44% to $2.5B, and cloud and on-premise revenue down 18% to $1.18B; ORCL drops 8% — – Oracle’s revenue came up short in three operating segments. — The stock tumbled in after-hours trading. Lees verder op Tech Meme
Saritha Rai / Bloomberg: In his first public appearance since returning to OpenAI, Sam Altman says AI is “going to lift the world up” and companies cannot build AI “safely in a vacuum” — – Altman spoke on the ethics of AI and need to push exploration — ‘You gotta deploy,’ says the chief of ChatGPT creator Lees verder op Tech Meme
Emily Nicolle / Bloomberg: Abu Dhabi is becoming a popular destination for crypto companies, including Phoenix, Paxos, and eToro, as firms seek eager investors and friendlier regulators — – Firms cite growing hub and friendly regulators as advantages — UAE’s crypto industry remains small compared to main hot spots Lees verder op Tech Meme
Saritha Rai / Bloomberg: In his first public appearance since returning to OpenAI, Sam Altman says AI is “going to lift the world up”, and you cannot build AI “safely in a vacuum” — – Altman spoke on the ethics of AI and need to push exploration — ‘You gotta deploy,’ says the chief of ChatGPT creator Lees verder op Tech Meme
David Shepardson / Reuters: Gina Raimondo says she plans to make ~12 CHIPS Act grants within the next year, including some worth billions of dollars that could reshape US’ chips production — U.S. Commerce Secretary Gina Raimondo said Monday she expects to make around a dozen semiconductor chips funding awards within the next year … Lees verder op Tech Meme
David Shepardson / Reuters: Gina Raimondo says she plans to make ~12 chips awards within the next year, including some worth multi-billion dollars that could reshape US’ chips production — U.S. Commerce Secretary Gina Raimondo said Monday she expects to make around a dozen semiconductor chips funding awards within the next year … Lees verder op Tech Meme