Tech Meme

Anirban Sen / Reuters: Sources: SoftBank acquired a 25% stake in Arm from its Vision Fund unit at a $64B valuation and plans to make the chip designer’s IPO filing public on August 21  —  SoftBank Group Corp (9984.T) has acquired the 25% stake in Arm Ltd it does not directly own from its Vision Fund unit in a deal … Lees verder op Tech Meme

David Jeans / Forbes: Credit card processor Checkout.com cuts its Binance contract short over regulatory “actions and orders in relevant jurisdictions” and money laundering concerns  —  Checkout.com, the London-based credit card processing company that ballooned its business model by servicing billions … Lees verder op Tech Meme

Simon Sharwood / The Register: Private equity firm EQT plans to take German software company SUSE private at €16/share, below its 2021 IPO’s €30 price but above August 17’s €9.6 closing price  —  Buyout offer is at €16 per share, compared to €30 at its 2021 IPO  —  Linux-loving software house SUSE … Lees verder op Tech Meme

Bloomberg: Draft IPO filing shows Arm revenue fell 1% YoY to $2.68B in the 12 months ended on March 31; sources: Arm is expected to sell ~10% of its shares in the listing  —  – Decline in revenue is according to US accounting standards  — Arm’s parent SoftBank posted gains for unit under IFRS Lees verder op Tech Meme

Todd Spangler / Variety: Elon Musk claims “block is going to be deleted as a ‘feature’, except for DMs”, without giving any details, in a reply to a user’s X post about block vs. mute  —  “Block is going to be deleted as a ‘feature’, except for DMs,” the tech mogul posted on X Friday.  “Makes no sense.” Lees verder op Tech Meme

Todd Spangler / Variety: In a post on X, Elon Musk says “Block is going to be deleted as a ‘feature’, except for DMs” as it “makes no sense”, without giving further details  —  “Block is going to be deleted as a ‘feature’, except for DMs,” the tech mogul posted on X Friday.  “Makes no sense.” Lees verder op Tech Meme

Anirban Sen / Reuters: Sources: SoftBank has acquired a 25% stake in Arm from its Vision Fund unit at a $64B valuation and will make the chip designer’s IPO filing public on Monday  —  SoftBank Group Corp (9984.T) has acquired the 25% stake in Arm Ltd it does not directly own from its Vision Fund unit in a deal … Lees verder op Tech Meme

Zeke Faux / Bloomberg: An excerpt from the book Number Go Up traces “wrong number” texts to Chinese gangs in Cambodia and Myanmar using forced labor to run pig butchering Tether scams  —  The mysterious WhatsApp message arrived one night in August 2022, while I was out at a bar with a friend: “Hi David, I’m Vicky Ho don’t you remember me?” Lees verder op Tech Meme

Simon Sharwood / The Register: Private equity firm EQT plans to take German software company SUSE private at €16/share, below its 2021 IPO’s €30 price but above August 17’s €9.6 closing price  —  Buyout offer is at €16 per share, compared to €30 at its 2021 IPO  —  Linux-loving software house SUSE … Lees verder op Tech Meme

Zeba Siddiqui / Reuters: Mandiant: the use of AI-generated images and video in politically motivated online influence campaigns has grown in recent years but overall use remains limited  —  Google-owned U.S. cybersecurity firm Mandiant said on Thursday it had seen increasing use of artificial intelligence (AI) … Lees verder op Tech Meme