Tech Meme

Wall Street Journal: A profile of DeepSeek creator Liang Wenfeng, a math geek who founded hedge fund High-Flyer in 2015 and had to apologize to investors about returns in 2021  —  The Chinese engineer built the AI company after founding a successful hedge-fund  —  Some call him China’s Sam Altman. Lees verder op Tech Meme

Bloomberg: The UK CMA provisionally finds that competition in the cloud services market isn’t working for consumers; AWS and Azure each control 40% of the UK market  —  – CMA publishes provisional views in cloud services study  — Intervention comes as UK government seeks to spur growth Lees verder op Tech Meme

Financial Times: SemiAnalysis: DeepSeek spent “well over $500M on GPUs”; TechInsights says DeepSeek isn’t “a big hit to Nvidia” but “a bigger problem for companies like OpenAI”  —  Short sellers profit as US chipmaker loses nearly $600bn in market value on Monday Lees verder op Tech Meme

Ingrid Lunden / TechCrunch: Paris-based Alice&Bob, a pioneer in cat qubit quantum architecture, raised a €100M Series B to build a “fault tolerant” quantum computer, after a €27M A in 2022  —  Quantum computing remains something of a holy grail in the world of technology … Lees verder op Tech Meme

Hayden Field / CNBC: OpenAI launches ChatGPT Gov, built specifically for US government use, and says 90K+ government employees have generated 18M+ prompts since the start of 2024  —  OpenAI on Tuesday announced its biggest product launch since its enterprise rollout.  It’s called ChatGPT Gov and was built specifically for U.S. government use. Lees verder op Tech Meme

Christina Kyriasoglou / Bloomberg: SAP reports Q4 cloud revenue up 27% YoY to €4.71B, above €4.68B est., driven by AI demand, names a suite of new executives, and plans to simplify its strategy  —  – Cloud revenue grew 27% last quarter from a year earlier  — The company named new marketing, technology leadership Lees verder op Tech Meme

Kritika Lamba / Reuters: AI enterprise service management startup Atomicwork raised a $25M Series A led by Khosla Ventures and Z47, a source says at a $150M valuation  —  AI enterprise service management firm Atomicwork said on Tuesday it has raised $25 million in a Series A funding round led by venture capital investors Khosla Ventures and Z47. Lees verder op Tech Meme

Debby Wu / Bloomberg: TechInsights: ChangXin Memory Technologies’ DDR5 RAM required advanced manufacturing techniques that haven’t previously been seen on the Chinese market  —  – CXMT’s technology surpasses threshold set by US government  — Chinese peer YMTC has also improved its NAND memory technology Lees verder op Tech Meme

Samuel Stolton / Bloomberg: EU appeals hearing: Google accuses the EC of making “grave errors” in its Android investigation that led to a record €4.3B fine; EU lawyers defended the case  —  – EU’s top court weighs in on bloc’s biggest ever antitrust fine  — Lower-tier court earlier cut fine down to €4.1 billion Lees verder op Tech Meme

Samuel Stolton / Bloomberg: EU appeals hearing: Google accuses the EC of making “grave errors” in its Android investigation that led to a record €4.3B fine; EU lawyers defended the case  —  – EU’s top court weighs in on bloc’s biggest ever antitrust fine  — Lower-tier court earlier cut fine down to €4.1 billion Lees verder op Tech Meme