Tech Meme

MacKenzie Sigalos / CNBC: The US SEC revokes SAB 121, a controversial accounting rule added in 2022 that forced banks to treat BTC and other tokens as a liability on their balance sheets  —  After years of lobbying by the crypto industry, the U.S. Securities and Exchange Commission has rescinded an accounting rule … Lees verder op Tech Meme

Jess Weatherbed / The Verge: The CMA says Google has agreed to curb UK businesses using fake reviews to boost star ratings and must report to the CMA on its efforts for the next three years  —  Google will take firmer action against British businesses that use fake reviews to boost their star ratings on the search giant’s reviews platform. Lees verder op Tech Meme

Financial Times: Sources: OpenAI faces obstacles to becoming a for-profit company, including struggling to value Microsoft’s stake; its new charitable arm could be worth $30B  —  ChatGPT-maker in complex talks over splitting from its non-profit arm in move opposed by Elon Musk Lees verder op Tech Meme

Financial Times: Sources: a16z is pulling back from its much-touted expansion into UK crypto investing, seeking to refocus on the US crypto industry following Trump’s election  —  Silicon Valley investor now plans to refocus on US with Donald Trump in office  —  Venture capitalists at Andreessen Horowitz … Lees verder op Tech Meme

Jaspreet Singh / Reuters: Mark Zuckerberg says Meta is planning to invest $60B to $65B in capex in 2025, will end the year with 1.3M+ GPUs, and plans to grow its AI teams “significantly”  —  Meta Platforms (META.O) will invest $60 billion to $65 billion in capital expenditure in 2025, CEO Mark Zuckerberg said in a Facebook post on Friday. Lees verder op Tech Meme

Financial Times: Sources: Stargate lacks a fully developed plan, hasn’t yet secured funding, will get no government financing, and will exclusively serve OpenAI once operational  —  Donald Trump has called the SoftBank-backed venture a ‘resounding declaration of confidence in America’s potential’ Lees verder op Tech Meme

Gian Volpicelli / Bloomberg: The EC says it will question Meta, X, Snap, Google, TikTok, and LinkedIn on January 31 about their plans to counter disinformation ahead of elections in Germany  —  – X, Google, Snap and LinkedIn to be tested on disinformation  — EU is working to combat false information around elections Lees verder op Tech Meme

Politico: While Trump downplayed Elon Musk’s Stargate criticism, assuring reporters “they’re putting up the money”, key White House sources say they’re furious with Musk  —  “It’s clear he has abused the proximity to the president,” said one ally of the president. Lees verder op Tech Meme

Jess Weatherbed / The Verge: The CMA says Google has agreed to curb UK businesses using fake reviews to boost ratings and must report to the CMA on its efforts for the next three years  —  Google will take firmer action against British businesses that use fake reviews to boost their star ratings on the search giant’s reviews platform. Lees verder op Tech Meme

Bloomberg: Tesla plans a software update for ~1.2M cars in China, around half its fleet in the country, to address power steering and rear-view camera issues  —  A potential malfunction of the cars’ rear-view cameras could meanwhile impair drivers’ fields of vision when reversing, increasing the risk of collisions. Lees verder op Tech Meme