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Tech Meme

Omdia predicts India to be the fastest growing digital economy between now and 2027, with a 9.6% compound annual growth rate, driven by digital ad growth (Chloe Cornish/Financial Times) 07-11-2023

Chloe Cornish / Financial Times: Omdia predicts India to be the fastest growing digital economy between now and 2027, with a 9.6% compound annual growth rate, driven by digital ad growth  —  US tech companies YouTube and Meta can expect to achieve rapid growth in video revenues, say analysts Lees verder op Tech Meme

After Big Tech cut thousands of trust and safety staff, Sero AI and other startups now offer the services for a fee, which experts say may not be as effective (Vittoria Elliott/Wired) 07-11-2023

Vittoria Elliott / Wired: After Big Tech cut thousands of trust and safety staff, Sero AI and other startups now offer the services for a fee, which experts say may not be as effective  —  The burgeoning trust and safety industry promises to help tech companies navigate scrutiny and regulation.  But these services bring problems of their own. Lees verder op Tech Meme

Sources: Shein aims for an $80B to $90B valuation in its US IPO, far exceeding its $50B to $60B valuation in private trades; Shein was valued at $100B in 2022 (Bloomberg) 07-11-2023

Bloomberg: Sources: Shein aims for an $80B to $90B valuation in its US IPO, far exceeding its $50B to $60B valuation in private trades; Shein was valued at $100B in 2022  —  – Timing of Shein’s IPO remains uncertain given volatile market  — Valuation dropped to $50 billion in recent private trades Lees verder op Tech Meme

Sources: ByteDance's VR unit Pico plans to cut “hundreds” of jobs and undertake its biggest overhaul since its 2021 acquisition, as global headset demand lags (Josh Ye/Reuters) 07-11-2023

Josh Ye / Reuters: Sources: ByteDance’s VR unit Pico plans to cut “hundreds” of jobs and undertake its biggest overhaul since its 2021 acquisition, as global headset demand lags  —  ByteDance’s virtual reality (VR) arm Pico will cut jobs and undertake its biggest overhaul since it was acquired … Lees verder op Tech Meme

Sources: Intel scrapped a planned Vietnam investment in July 2023 that could have nearly doubled its operations, citing power supply and bureaucracy concerns (Francesco Guarascio/Reuters) 07-11-2023

Francesco Guarascio / Reuters: Sources: Intel scrapped a planned Vietnam investment in July 2023 that could have nearly doubled its operations, citing power supply and bureaucracy concerns  —  Intel (INTC.O) has shelved a planned investment in Vietnam that could have nearly doubled the U.S. chipmaker’s operation there … Lees verder op Tech Meme

An interview with Blizzard President Mike Ybarra about the studio's future under Microsoft, the idea of releasing a game without live components, and more (Jay Peters/The Verge) 07-11-2023

Jay Peters / The Verge: An interview with Blizzard President Mike Ybarra about the studio’s future under Microsoft, the idea of releasing a game without live components, and more  —  Mike Ybarra is confident about the studio’s future. … The dust is finally starting to settle from Microsoft’s huge acquisition … Lees verder op Tech Meme

Nintendo reports Q2 revenue down 4% YoY to ~$2.2B and profit down 19% YoY to ~$603M, both above est.; Switch sales in April to September rose 2.4% YoY to 6.84M (Arjun Kharpal/CNBC) 07-11-2023

Arjun Kharpal / CNBC: Nintendo reports Q2 revenue down 4% YoY to ~$2.2B and profit down 19% YoY to ~$603M, both above est.; Switch sales in April to September rose 2.4% YoY to 6.84M  —  – Nintendo reported better-than-expected sales and profit for its fiscal second quarter on Tuesday as it continues to get a bump from the … Lees verder op Tech Meme

NXP Semiconductors reports Q3 revenue down 0.3% YoY to $3.43B, beating $3.4B est., and forecasts strong Q4 profit due to strong automotive and industrial demand (Chavi Mehta/Reuters) 07-11-2023

Chavi Mehta / Reuters: NXP Semiconductors reports Q3 revenue down 0.3% YoY to $3.43B, beating $3.4B est., and forecasts strong Q4 profit due to strong automotive and industrial demand  —  Chipmaker NXP Semiconductors (NXPI.O) forecast fourth-quarter profit above Wall Street targets on Monday … Lees verder op Tech Meme

Meta plans to bar political advertisers from using its new generative AI advertising products, after US lawmakers warn against the spread of misinformation (Katie Paul/Reuters) 07-11-2023

Katie Paul / Reuters: Meta plans to bar political advertisers from using its new generative AI advertising products, after US lawmakers warn against the spread of misinformation  —  Facebook owner Meta (META.O) is barring political advertisers from using its new generative AI advertising products … Lees verder op Tech Meme

Italy seizes ~€779M from Airbnb over some allegedly unpaid taxes, after reportedly investigating Meta earlier in 2023 regarding an alleged ~€870M in unpaid VAT (Daniele Lepido/Bloomberg) 06-11-2023

Daniele Lepido / Bloomberg: Italy seizes ~€779M from Airbnb over some allegedly unpaid taxes, after reportedly investigating Meta earlier in 2023 regarding an alleged ~€870M in unpaid VAT  —  Italy’s Finance Police is seizing about €779 million ($835 million) from the home-sharing company Airbnb Inc. after it allegedly failed to pay some taxes. Lees verder op Tech Meme