Tech Meme

Richard Nieva / Forbes: Sources and docs detail Worldcoin’s struggle to define its purpose, the orb not scanning Asian people’s eyes and allowing multiple signups per person, and more  —  Is it a crypto company?  A biometric authentication platform?  A “human economic system”?  Inside Worldcoin’s struggle to find itself. Lees verder op Tech Meme

Reuters: ION Group, which develops trading, analytics, and other software for financial markets, to buy Italian credit management company Prelios, sources say for €1.35B  —  U.S. hedge fund Davidson Kempner Capital Management (DK) said on Friday it had agreed to sell Prelios to fintech firm ION Group … Lees verder op Tech Meme

Yueqi Yang / Bloomberg: Circle has $1B+ in cash and had $779M in revenue in H1 2023, compared to $772M for all of 2022; USDC in circulation is down to ~$26B from ~$45B in January 2023  —  – CEO expects payments, financial firms to push for stablecoins  — USD Coin market cap plunges this year while rival Tether gains Lees verder op Tech Meme

Josh Taylor / The Guardian: At an Australian Parliament hearing, an X executive defended restoring an account that shared CSAM as an example of sharing “out of outrage to raise awareness”  —  At Australian parliamentary hearing, company points to content being shared ‘out of outrage to raise awareness of an issue’ Lees verder op Tech Meme

Ivan Mehta / TechCrunch: X lowers eligibility threshold for ads revenue sharing from 15M to 5M impressions within the past 3 months; Musk says only views from “verified handles” count  —  Elon Musk-owned social network X, formerly Twitter, said late Thursday that it is lowering requirements for its creator payout program. Lees verder op Tech Meme

Victoria Song / The Verge: How yesteryear’s screenless fitness bands were largely replaced by either more powerful and cheaper smartwatches or wearables with pricey monthly subscriptions  —  Smartwatches are the default wearable option these days, but why is it so hard to find simple yet affordable alternatives like the fitness bands of yesteryear? Lees verder op Tech Meme

Financial Times: Biden’s Chinese tech EO leaves US VCs and private equity firms trying to work out the impact on their holdings and weighing up strategies to comply or exit  —  Private equity and venture capital funds targeted in Biden administration’s crackdown  —  After President Joe Biden announced a ban … Lees verder op Tech Meme

Richard Nieva / Forbes: Sources and docs detail Worldcoin’s struggle to define its purpose, the orb not scanning Asian people, a flaw allowing multiple signups per person, and more  —  Is it a crypto company?  A biometric authentication platform?  A “human economic system”?  Inside Worldcoin’s struggle to find itself. Lees verder op Tech Meme

Bloomberg: Sources: the US Cyber Safety Review Board, created by Biden, plans to investigate cloud computing risks, including Microsoft’s recent government email breach  —  – Cyber Safety Review Board to examine risks in cloud computing  — Senator Wyden had called for investigations of Microsoft Lees verder op Tech Meme

Andrew J. Hawkins / The Verge: After a contentious public hearing, the California Public Utilities Commission will let Waymo and Cruise operate driverless cabs 24/7 throughout San Francisco  —  Waymo and Cruise were approved to operate their robotaxi services 24/7 in San Francisco after a contentious six-hour public hearing … Lees verder op Tech Meme