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Tech Meme

Experts say that, in the short term, the promise and perils of generative AI may be more modest than the fervor surrounding tools like ChatGPT makes them seem (Will Oremus/Washington Post) 14-03-2023

Will Oremus / Washington Post: Experts say that, in the short term, the promise and perils of generative AI may be more modest than the fervor surrounding tools like ChatGPT makes them seem  —  Hype and fear collide in the tech industry’s latest boom  —  If you listen to its boosters, artificial intelligence is poised … Lees verder op Tech Meme

Sources: China begins to impede subsea internet cable projects in the South China Sea over spying fears, imposing strict permit requirements and approval delays (Financial Times) 14-03-2023

Financial Times: Sources: China begins to impede subsea internet cable projects in the South China Sea over spying fears, imposing strict permit requirements and approval delays  —  Beijing imposes strict permit requirements for access to underwater data infrastructure over spying fears Lees verder op Tech Meme

Sources: Microsoft laid off one of its responsible AI teams that was tasked with assessing the risks associated with integrating OpenAI's tech into its products (Platformer) 14-03-2023

Platformer: Sources: Microsoft laid off one of its responsible AI teams that was tasked with assessing the risks associated with integrating OpenAI’s tech into its products  —  As the company accelerates its push into AI products, the ethics and society team is gone  —  I. Lees verder op Tech Meme

A California appeals court reverses a lower court ruling that found Prop 22 was illegal, preserving the independent contractor model of Uber, Lyft, and others (Preetika Rana/Wall Street Journal) 14-03-2023

Preetika Rana / Wall Street Journal: A California appeals court reverses a lower court ruling that found Prop 22 was illegal, preserving the independent contractor model of Uber, Lyft, and others  —  Ruling upholds Proposition 22, which preserves gig-economy business model  —  Uber Technologies Inc., UBER -0.93%decrease … Lees verder op Tech Meme

Sources: Chinese autonomous driving startup WeRide has filed confidentially for a US IPO and aims to raise $500M; WeRide was valued at ~$4.4B in March 2022 (Bloomberg) 14-03-2023

Bloomberg: Sources: Chinese autonomous driving startup WeRide has filed confidentially for a US IPO and aims to raise $500M; WeRide was valued at ~$4.4B in March 2022  —  Chinese driverless technology startup Guangzhou WeRide Technology Co. has filed confidentially for an initial public offering in the US … Lees verder op Tech Meme

Sources: the US DOJ is investigating the May 2022 collapse of the TerraUSD stablecoin; the SEC filed a suit against Terraform Labs and Do Kwon last month (Alexander Osipovich/Wall Street Journal) 13-03-2023

Alexander Osipovich / Wall Street Journal: Sources: the US DOJ is investigating the May 2022 collapse of the TerraUSD stablecoin; the SEC filed a suit against Terraform Labs and Do Kwon last month  —  FBI and New York officials have questioned former Terraform Labs team members  —  The Justice Department is investigating … Lees verder op Tech Meme

Meta plans to wind down its work on NFTs “for now” to focus on other ways of supporting creators and will continue working on Meta Pay (Adam Morgan McCarthy/The Block) 13-03-2023

Adam Morgan McCarthy / The Block: Meta plans to wind down its work on NFTs “for now” to focus on other ways of supporting creators and will continue working on Meta Pay  —  – Meta is ditching its NFT efforts, for now, according to executive Stephane Kasriel.  —  Meta is ditching its pursuit of NFTs as the company looks … Lees verder op Tech Meme

Y Combinator scales back its late stage team, laying off 17 employees, or ~20% of YC staff, calling late stage investing a “distraction from our core mission” (Natasha Mascarenhas/TechCrunch) 13-03-2023

Natasha Mascarenhas / TechCrunch: Y Combinator scales back its late stage team, laying off 17 employees, or ~20% of YC staff, calling late stage investing a “distraction from our core mission”  —  Y Combinator will be writing less checks toward late-stage companies, a scale back that also cost 17 team members … Lees verder op Tech Meme

San Antonio-based Plus One Robotics, a parcel handling robotics platform for warehouses, raised a $50M Series C led by Scale Venture Partners (Brian Heater/TechCrunch) 07-03-2023

Brian Heater / TechCrunch: San Antonio-based Plus One Robotics, a parcel handling robotics platform for warehouses, raised a $50M Series C led by Scale Venture Partners  —  Another industrial automation firm is bucking VC slowdown, as Plus One Robotics this morning announces a $50 million raise. Lees verder op Tech Meme

US senators unveil the bipartisan RESTRICT Act to let the US ban foreign-linked makers of apps and electronics the Commerce Dept. deems a national security risk (Brian Fung/CNN) 07-03-2023

Brian Fung / CNN: US senators unveil the bipartisan RESTRICT Act to let the US ban foreign-linked makers of apps and electronics the Commerce Dept. deems a national security risk  —  A dozen US senators unveiled bipartisan legislation Tuesday expanding President Joe Biden’s legal authority to ban TikTok nationwide … Lees verder op Tech Meme