Tech Meme

Financial Times: SEC arrests Frank founder Charlie Javice and charges her with fraud, saying she falsified user numbers when JPMorgan paid $175M for the student finance startup  —  Charlie Javice allegedly falsified user numbers at student finance company  —  The founder of a student finance website acquired … Lees verder op Tech Meme

Joseph Cox / VICE: Researcher: bugs in Nexx’s Wi-Fi-enabled garage door openers let hackers open garages; Nexx hasn’t responded to patch appeals for months, including from the DHS  —  A security researcher found a series of vulnerabilities with the Nexx brand of smart garage openers. Lees verder op Tech Meme

Brian Heater / TechCrunch: Covariant, which builds AI-powered industrial robots, raised $75M led by Radical Ventures and Index Ventures as an extension to an $80M Series C in July 2021  —  I took a deep dive with Covariant co-founder and CEO Peter Chen at ProMat the other week.  The timing was either perfect or terrible depending on who you ask. Lees verder op Tech Meme

Brandy Betz / CoinDesk: Vancouver-based Web3 messaging protocol developer LayerZero Labs raised a $120M Series B at a $3B valuation, up from $1B in its $135M Series A+ in March 2022  —  The valuation is triple the level of the firm’s previous funding round in March 2022.  —  Join the most important conversation … Lees verder op Tech Meme

Sam Kim / Bloomberg: SEMI data: Japan is expected to spend $7B on chipmaking equipment in 2024, up 82% on 2023, the largest in the world; China’s spending is forecast to rise 2% YoY  —  Japan is poised to sharply raise its chip-gear spending in an attempt to boost its position in the global semiconductor market … Lees verder op Tech Meme

Tom Bristow / Politico: The UK ICO fines TikTok £12.7M for failing to protect kids’ data, saying the app “should have done better”, down from a £27M fine proposed in September 2022  —  The ICO estimates that 1.4 million children in the UK were on TikTok in 2020. Lees verder op Tech Meme

Lyllah Ledesma / CoinDesk: Kaiko: Binance’s market share fell from 70% to 54% in two weeks, the lowest since November 5, after the CFTC lawsuit and the company ended some zero-fee trading  —  The exchange’s share of trading volume has dropped to 54% from 70% over the past two weeks.  —  Binance remains … Lees verder op Tech Meme

New York Times: China opening its Micron investigation marks the most significant retaliation against US chip sanctions yet and undermines Beijing’s open-for-business messaging  —  Beijing’s security review of Micron Technology, which has deep roots in China, could have wide-ranging ramifications for other foreign businesses. Lees verder op Tech Meme

Tom Bristow / Politico: The UK ICO fines TikTok £12.7M for failing to protect kids’ data, saying the app “should have done better”, down from a £27M fine proposed in September 2022  —  The ICO estimates that 1.4 million children in the UK were on TikTok in 2020. Lees verder op Tech Meme

Bethan Staton / Financial Times: Anti-plagiarism service Turnitin, used by 10K+ institutions, launches a tool to detect AI-generated text in academia, claiming 98% confidence vs. OpenAI’s 26%  —  Turnitin launches service to check for text generated by services such as ChatGPT  —  The makers of popular plagiarism detection software … Lees verder op Tech Meme