Tech Meme

Zheping Huang / Bloomberg: A look at ByteDance’s efforts to turn Douyin into a super app; ByteDance says Douyin’s 700M users increased their spending on its on-demand services 7x in 2022  —  As a middle-age restaurant owner who was neither interested in scrolling through viral videos nor likely to create such videos herself … Lees verder op Tech Meme

Nikhilesh De / CoinDesk: The US DOJ agrees to try Sam Bankman-Fried on eight charges for now, including wire fraud, securities fraud, and money laundering, down from the 13 he faces  —  Sam Bankman-Fried moved to dismiss most of the charges brought against him last month.  —  The U.S. Department of Justice intends … Lees verder op Tech Meme

Sergiu Gatlan / BleepingComputer: Microsoft researchers detail Cadet Blizzard, a GRU group they say was behind the WhisperGate data-wiping attacks in Ukraine just before Russia’s 2022 invasion  —  Microsoft has linked a threat group it tracks as Cadet Blizzard since April 2023 to Russia’s Main Directorate of the General Staff of the Armed Forces (also known as GRU). Lees verder op Tech Meme

Bloomberg: One year after its NYSE delisting, Didi has a ~$14B market cap and has maintained a ~70% share in China’s ride-hailing market, despite Beijing’s crackdown  —  A delisting from the US Big Board often marks the end of a company’s traction with big investors.  For Didi Global Inc., the story couldn’t be more different. Lees verder op Tech Meme

Chris Vallance / BBC: Meta AI’s Yann LeCun says experts’ fears of AI threatening humanity are “preposterously ridiculous” and keeping research “under lock and key” would be a mistake  —  One of the three “godfathers of AI” has said it won’t take over the world or permanently destroy jobs. Lees verder op Tech Meme

Kari Paul / The Guardian: CCDH: Google made ~$10M in two years from ads by anti-abortion organizations misdirecting users to “pregnancy crisis centers” that do not actually provide care  —  Study finds the search giant has profited since Roe was overturned from anti-abortion groups buying misleading search terms Lees verder op Tech Meme

Nikhilesh De / CoinDesk: The US DOJ agrees to try Sam Bankman-Fried on only eight charges for now, including wire fraud, securities fraud, and money laundering, of the 13 faced by him  —  Sam Bankman-Fried moved to dismiss most of the charges brought against him last month.  —  The U.S. Department of Justice intends … Lees verder op Tech Meme

Stephen Council / SFGATE: A look at Fake Review Watch on YouTube, run by Kay Dean, documenting fake reviews on Yelp, Google, and others, often tracing them back to Facebook Groups  —  A strange letter showed up on Kay Dean’s doorstep.  —  It was 2017, and the San Jose resident had left a one-star review on the Yelp page of a psychiatry office in Los Altos. Lees verder op Tech Meme

Financial Times: Sources: at a May meeting, the Hong Kong Monetary Authority questioned HSBC, Standard Chartered, and Bank of China on why they were not accepting crypto clients  —  Regulators are pushing for banks to accept more exchanges as clients in quest to develop digital assets industry Lees verder op Tech Meme

Sergiu Gatlan / BleepingComputer: Microsoft researchers detail Cadet Blizzard, a GRU hacking group they claim is behind WhisperGate data-wiping attacks in Ukraine just before Russia’s invasion  —  Microsoft has linked a threat group it tracks as Cadet Blizzard since April 2023 to Russia’s Main Directorate of the General Staff of the Armed Forces (also known as GRU). Lees verder op Tech Meme