Tech Meme

David Kirton / Reuters: Some mainland China tech entrepreneurs are trying to gain permanent residency or citizenship outside of China to avoid US curbs and biases against Chinese firms  —  For the ambitious Chinese tech entrepreneur, expanding into the U.S. just keeps getting harder. Lees verder op Tech Meme

Myungshin Cho / Bloomberg: Statistics Korea: South Korea’s semiconductor inventory rose 83% YoY in April 2023, the biggest increase since April 2016, while factory shipments fell 33% YoY  —  South Korea’s semiconductor inventory surged by the most in seven years, underscoring ongoing weak demand for chips despite the global boom in AI development. Lees verder op Tech Meme

Nadia Asparouhova / Wired: As GitHub prepares to close its San Francisco HQ, a look back at the living testament to tech culture, with its conflicts presaging a decade of tech backlash  —  The code-hosting platform’s headquarters was a living testament to tech values and one of its first disputed territories. Lees verder op Tech Meme

Bloomberg: Fidelity estimated in a recent disclosure that Twitter is now worth about 33% of Elon Musk’s $44B purchase price, based on a markdown of its own Twitter stake  —  Twitter is now worth just one-third of what Elon Musk paid for the social-media platform, according to Fidelity … Lees verder op Tech Meme

Amanda Silberling / TechCrunch: Block Party says its anti-harassment tool for Twitter is going on an indefinite hiatus starting May 31 due to Twitter API changes, and announces Privacy Party  —  Now that Twitter’s API access is locked behind a tall paywall, long beloved third-party apps are shutting down. Lees verder op Tech Meme

Aidan Ryan / The Information: Source: MoonPay insiders, including CEO Ivan Soto-Wright, cashed out $150M in shares as part of the crypto payment startup’s $555M Series A in November 2021  —  In November 2021, just as crypto prices were hitting all-time highs, MoonPay—a crypto payments startup that celebrities including Jimmy Fallon … Lees verder op Tech Meme

Reuters: HP reports Q2 revenue down 22% YoY to $12.91B, vs. $13.07B est., Personal Systems revenue down 29% YoY to $8.18B, and Printing net revenue down 5% YoY to $4.74B  —  HP Inc (HPQ.N) on Tuesday missed Wall Street targets for second-quarter revenue, hurt by a slowdown in the personal computer market … Lees verder op Tech Meme

Jon Swartz / MarketWatch: HPE reports Q2 revenue up 4% YoY to $7B, vs. $7.3B est., HPC & AI revenue up 18% YoY to $840M, and Intelligent Edge revenue up 50% YoY to $1.3B; HPE drops 5%+  —  HP CEO expects PC sales to rebound in the second half of the year and notes that AI will ‘redefine what PCs can do’ Lees verder op Tech Meme

Reuters: A Chinese government report says Chinese organizations launched 79 LLMs in the country over the past three years, vs. US organizations launching 96 in the US  —  Chinese organisations launched 79 large-language models (LLMs) in the country over the past three years as they doubled down on efforts … Lees verder op Tech Meme

Abner Li / 9to5Google: Sources: Google plans to launch the Pixel Watch 2 in fall 2023 with a Snapdragon W5 series chip and Fitbit Sense 2-like sensors, alongside the Pixel 8 and 8 Pro  —  We revealed at the start of May that Google is planning to announce the Pixel Watch 2 alongside the Pixel 8 and 8 Pro … Lees verder op Tech Meme