Reuters: Sources: EU’s attempts to lobby Asian countries like Singapore to adopt its AI Act are getting a lukewarm reception as many favor a “wait and see” approach — The European Union is lobbying Asian countries to follow its lead on artificial intelligence in adopting new rules … Lees verder op Tech Meme
Reuters: Sources: US chip company executives urged Secretary of State Blinken and other Biden administration officials on July 17 to halt further chip curbs on China — U.S. chip company executives met with top Biden administration officials on Monday to discuss China policy, the State Department and sources said … Lees verder op Tech Meme
Casey Newton / Platformer: Threads’ early growth decisively proved the demand for a new text-based conversation app that could fully supplant Twitter’s role in shaping public conversation — One week later, engagement is down — but the prize is still there for the taking — I. — On July 5, Meta released Threads into the world. Lees verder op Tech Meme
Mercedes Ruehl / Financial Times: Nasdaq-listed Grab and Jakarta-listed GoTo, whose stocks are 60%+ below listing price, pare back “superapp” approach by cutting jobs and marginal business units — Grab and GoTo built big followings across south-east Asia but are now cutting marginal businesses Lees verder op Tech Meme
Bloomberg: PDD’s Temu sues rival Shein in the US, alleging Shein violated antitrust laws by intimidating clothing manufacturers into supply arrangements that excluded Temu — – Two fast-growing powers in online fashion clash over tactics — Shein dominates ultra fast-fashion with $66 billion valuation Lees verder op Tech Meme
Reuters: The UK’s Competition Appeal Tribunal pauses Microsoft’s hearing, starting on July 28, of its appeal against the CMA blocking the Activision deal, for two months — Microsoft’s (MSFT.O) appeal against Britain’s block on its $69 billion takeover of Activision Blizzard (ATVI.O) … Lees verder op Tech Meme
Sarah Perez / TechCrunch: Adam Mosseri says spam attacks on Threads “have picked up” so Meta is tightening “things like rate limits” and warns of “unintentionally limiting active people” — It looks like Twitter isn’t the only one having to turn to rate limits — or limits on how many posts users can view — as it turns out. Lees verder op Tech Meme
Bloomberg: Sources: Microsoft and Activision Blizzard plan to keep seeking the final regulatory approvals for their $69B deal, despite not closing by the July 18 deadline — – UK veto will prevent closing by July 18 deadline in agreement — Companies don’t intend to walk away, will continue UK talks Lees verder op Tech Meme
Lauren Forristal / TechCrunch: Peacock raises its Premium price by $1 to $5.99/month and Premium Plus by $2 to $11.99/month, at once for new customers and on August 17 for current subscribers — Peacock is delivering bad news to its subscribers tonight. Beginning at 12 a.m. ET, the streamer is notifying existing customers … Lees verder op Tech Meme
Helen Coster / Reuters: Truth Social’s head of engineering, Alex Gleason, resigns to work at Soapbox, which he founded and which offers open-source decentralized tech for social media — The head of engineering for the company that operates former U.S. President Donald Trump’s Truth Social app told Reuters on Monday … Lees verder op Tech Meme