Reuters: Huawei quietly launches the ~$960 Mate 60 Pro, giving no advance notice and releasing no ads; some investors speculate that Huawei used its own 5G chip — Chinese chip stocks rallied on Wednesday following Huawei Technologies’ (HWT.UL) launch of its new Mate 60 Pro phone … Lees verder op Tech Meme
Kosaku Narioka / Wall Street Journal: Xiaomi reports Q2 revenue down 4% YoY to ~$9.25B and a ~$504M net profit, beating analyst estimates of ~$440.9M and more than doubling from a year earlier — The Chinese maker of smartphones and other electronics products said revenue declined 4.0% — Xiaomi said Tuesday … Lees verder op Tech Meme
Amir Efrati / The Information: Source: OpenAI is on pace to generate more than $1B in revenue over the next 12 months by selling software and computing capacity, up from just $28M in 2022 — OpenAI is currently on pace to generate more than $1 billion in revenue over the next 12 months from the sale of artificial intelligence software … Lees verder op Tech Meme
Financial Times: Critics say India’s new privacy safeguards do little to prevent mass government surveillance via tracking equipment installed at subsea cable landing stations — Little-known Israeli groups emerge as key providers of tracking equipment installed at subsea cable stations Lees verder op Tech Meme
Caiwei Chen / Rest of World: Chinese sextortion scammers have flooded X, harassing political dissidents and influential figures since the platform added paid verification in April 2023 — Scammers are targeting Chinese-language users, harassing political dissidents and influential figures. Lees verder op Tech Meme
Lora Kolodny / CNBC: In July 2023, the NHTSA ordered Tesla to provide data on Autopilot’s “Elon mode”, which eliminates prompts for drivers to their keep hands on the wheel — – Tesla received a special order from the National Highway Transportation Administration in late July requiring … Lees verder op Tech Meme
Wall Street Journal: Despite a rough year for the memory chip business, SK Hynix’s stock rose ~60% in 2023, benefiting from the rise of AI chips that rely on high bandwidth memory — South Korea’s SK Hynix bet early on powerful memory chips for generative AI programs like ChatGPT Lees verder op Tech Meme
Leo Lewis / Financial Times: Sources: Chinese-backed hackers breached Japanese cybersecurity agency NISC’s email system; experts link the July 4 ransomware attack on Port of Nagoya to China — Infiltration comes as allies scrutinise Tokyo’s defences against hacking — The organisation responsible for Japan’s national defences … Lees verder op Tech Meme
Lilian Zhang / South China Morning Post: Alibaba’s T-Head, VeriSilicon, and seven other Chinese chip companies announce a patent alliance for RISC-V to share patents and license them to third parties — – Alibaba’s chip unit T-Head, VeriSilicon and seven other firms announced the formation of the patent alliance at a RISC-V industry forum in Shanghai Lees verder op Tech Meme
Lora Kolodny / CNBC: Court filing: X faces 2,200 arbitration cases from employees laid off after Elon Musk took over; the filing fees alone could be $3.5M for that volume of cases — – Elon Musk’s X Corp. is facing 2,200 arbitration cases, a court filing in Delaware revealed on Monday. Lees verder op Tech Meme