Tech Meme

Emily Nicolle / Bloomberg: Tether plans to relocate its corporate entity and subsidiaries to El Salvador after obtaining a digital asset service provider license in the country  —  – Company and all subsidiaries will relocate to El Salvador  — Stablecoin firm incorporated in the British Virgin Islands Lees verder op Tech Meme

Sifted: Report: UK startups raised €16.4B in 2024, Germany raised €9.4B, France raised €7.1B; investment in French AI startups grew from €1B in 2023 to €1.9B in 2024  —  Investment in French artificial intelligence companies almost doubled last year but still lags behind … Lees verder op Tech Meme

Tage Kene-Okafor / TechCrunch: LemFi, a financial and payment services platform designed for immigrants that claims to have over 1M active users, raised a $53M Series B led by Highland Europe  —  For many emerging market economies, remittances have become a lifeline.  Inflows surpassed $669 billion in 2023 … Lees verder op Tech Meme

Yoolim Lee / Bloomberg: PUBG developer Krafton, whose Seoul-listed shares are up more than 70% since early 2024, plans to invest over $136M in 2025 in more than a dozen game studios  —  – Krafton CEO sets aside $136 million for new studio investments  — Company working with Nvidia on AI-powered game characters Lees verder op Tech Meme

Nikkei Asia: Analysis: the ten leading chip companies cut their fiscal 2024 capex by a combined $9.5B from initial plans due to a weakening demand for smartphones and EVs  —  TOKYO/SEOUL — The 10 leading global semiconductor companies are cutting capital spending from initial plans in the face … Lees verder op Tech Meme

Sifted: Report: UK startups raised €16.4B in 2024, Germany raised €9.4B, France raised €7.1B; investment in French AI startups grew from €1B in 2023 to €1.9B in 2024  —  Investment in French artificial intelligence companies almost doubled last year but still lags behind … Lees verder op Tech Meme

Nikkei Asia: Industry insiders say China’s share of the global DRAM chip market could double YoY to 10% in 2025, driven by CXMT, up from virtually zero just five years ago  —  TAIPEI — In just five years and in the face of mounting U.S. restrictions, China’s share of the global memory chip market has gone … Lees verder op Tech Meme

Lydia Beyoud / Bloomberg: The CFTC puts trading of Super Bowl and other sports derivatives on Crypto.com under review; the firm says it rejected the CFTC’s request to halt such trading  —  – Company rejects agency’s request to suspend sports trading  — Regulators grappling with limits of prohibitions on gaming Lees verder op Tech Meme

The Verge: Court docs: internal messages suggest Meta used data from piracy site LibGen to train AI Llama models and worked to conceal it, as Meta raced to beat rivals  —  A major copyright lawsuit against Meta has revealed a trove of internal communications about the company’s plans to develop … Lees verder op Tech Meme

Financial Times: AI will face different rules in Northern Ireland and Britain as the EU’s AI Act takes effect next month, potentially causing friction in the UK’s tech sector  —  Latest example of post-Brexit ‘regulatory divergence’ could cause friction in tech sector  —  Artificial intelligence faces … Lees verder op Tech Meme