Tech Meme

Jesse Hamilton / CoinDesk: The US Federal Reserve plans to activate its real-time FedNow Service payments system in July, seeking to improve clearing transactions between institutions  —  The new government-operated payments system – often used as an argument against the need for crypto’s payments innovations … Lees verder op Tech Meme

Debby Wu / Bloomberg: TSMC founder Morris Chang says chip industry globalization “is dead” and he “agrees” with US embargoes on China’s chip sector, which is five years behind Taiwan  —  Taiwan Semiconductor Manufacturing Co. founder Morris Chang declared globalization for the chip industry … Lees verder op Tech Meme

Kate Clark / The Information: Investor presentation: SVB Capital, which manages $9.5B, invested $234M in Sequoia Capital as of May 2022, $173M in a16z funds in 2018 and 2021, and more  —  As potential buyers circle the remnants of Silicon Valley Bank and its affiliates, one asset could be particularly appealing: the company’s venture capital arm. Lees verder op Tech Meme

New York Times: Sources: five days after seizing SVB, the FDIC has conducted a stop-and-start auction process, failing so far to find a willing buyer for all of SVB’s assets  —  Big rivals are thus far shying away from scooping up the bank’s assets.  —  Five days after seizing control of Silicon Valley Bank … Lees verder op Tech Meme

Bloomberg: Baidu announces its Ernie Bot in a pre-recorded video, with founder Robin Li talking over a scripted video of interactions with the AI; BIDU drops 5%+  —  Baidu Inc. debuted China’s answer to ChatGPT in a pre-recorded video, disappointing those hoping for a stronger, real-life demo … Lees verder op Tech Meme

Thomas Claburn / The Register: An interview with Dave Winer, who was instrumental in the creation and evolution of RSS, on Google Reader’s demise, support for RSS feeds on Mastodon, and more  —  RSS pioneer Dave Winer sees Mastodon as a positive sign  —  SPECIAL REPORT Ten years ago, on March 13, 2013 … Lees verder op Tech Meme

Reuters: Counterpoint: Xiaomi’s focus on sub-$120 phones in India helped Samsung take the top spot; market share for sub-$120 phones fell to 26% in 2022 from 41% in 2020  —  Xiaomi Corp is overhauling its India strategy after misjudging consumer tastes in mobile phones, a costly lapse … Lees verder op Tech Meme

Associated Press: Source: DOJ is investigating whether the use of a predictive child welfare algorithm in PA’s Allegheny County discriminates against parents with disabilities  —  For the two weeks that the Hackneys’ baby girl lay in a Pittsburgh hospital bed weak from dehydration, her parents rarely left her side … Lees verder op Tech Meme

FTX: An FTX bankruptcy filing describes $3.2B+ in payments and loans to founders and executives, chiefly from Alameda Research, including ~$2.2B to Sam Bankman-Fried  —  Identify Over $3.2 Billion in Transfers to Founders and Key Employees  —  Forensic Work Continues on Intercompany and Other Transactions Lees verder op Tech Meme

John D. McKinnon / Wall Street Journal: Sources: the Biden administration and CFIUS are demanding that TikTok’s Chinese owners sell their stakes in the company or face a possible US ban of the app  —  TikTok says forced sale won’t resolve national security issues; its CEO set to appear before Congress next week Lees verder op Tech Meme