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Google's legal defeat to Epic threatens to roil an app store duopoly with Apple that generates ~$200B per year and will likely accelerate weaker app store rules (Bloomberg) 12-12-2023

Bloomberg: Google’s legal defeat to Epic threatens to roil an app store duopoly with Apple that generates ~$200B per year and will likely accelerate weaker app store rules  —  – Jury decision poised to accelerate crumbling of business model  — Case takes aim at app store commissions of up to 30% Lees verder op Tech Meme

China plans to roll out RealDID, its Blockchain-based Service Network developed by China Mobile, UnionPay, and the government, to verify its 1.4B people (Sam Reynolds/CoinDesk) 12-12-2023

Sam Reynolds / CoinDesk: China plans to roll out RealDID, its Blockchain-based Service Network developed by China Mobile, UnionPay, and the government, to verify its 1.4B people  —  The announcement follows a government rule change to require social media influencers to display their real names.  —  Register Now Lees verder op Tech Meme

Oracle reports Q2 revenue up 5% YoY to $12.94B, vs. $13.05B est., net income up 44% to $2.5B, and cloud and on-premise revenue down 18% to $1.18B; ORCL drops 8% (Jordan Novet/CNBC) 11-12-2023

Jordan Novet / CNBC: Oracle reports Q2 revenue up 5% YoY to $12.94B, vs. $13.05B est., net income up 44% to $2.5B, and cloud and on-premise revenue down 18% to $1.18B; ORCL drops 8%  —  – Oracle’s revenue came up short in three operating segments.  — The stock tumbled in after-hours trading. Lees verder op Tech Meme

Filing: FTX asks the IRS to substantiate its unpaid taxes claim against the company; the IRS lowered the amount from $44B in April 2023 to $24B in November 2023 (Anna Baydakova/The Block) 12-12-2023

Anna Baydakova / The Block: Filing: FTX asks the IRS to substantiate its unpaid taxes claim against the company; the IRS lowered the amount from $44B in April 2023 to $24B in November 2023  —  – FTX lawyers are asking the IRS to show how it calculated what it says is $24 billion of unpaid taxes. Lees verder op Tech Meme

In his first public appearance since returning to OpenAI, Sam Altman says AI is “going to lift the world up” and companies cannot build AI “safely in a vacuum” (Saritha Rai/Bloomberg) 12-12-2023

Saritha Rai / Bloomberg: In his first public appearance since returning to OpenAI, Sam Altman says AI is “going to lift the world up” and companies cannot build AI “safely in a vacuum”  —  – Altman spoke on the ethics of AI and need to push exploration  — ‘You gotta deploy,’ says the chief of ChatGPT creator Lees verder op Tech Meme

Abu Dhabi is becoming a popular destination for crypto companies, including Phoenix, Paxos, and eToro, as firms seek eager investors and friendlier regulators (Emily Nicolle/Bloomberg) 12-12-2023

Emily Nicolle / Bloomberg: Abu Dhabi is becoming a popular destination for crypto companies, including Phoenix, Paxos, and eToro, as firms seek eager investors and friendlier regulators  —  – Firms cite growing hub and friendly regulators as advantages  — UAE’s crypto industry remains small compared to main hot spots Lees verder op Tech Meme

Gina Raimondo says she plans to make ~12 CHIPS Act grants within the next year, including some worth billions of dollars that could reshape US' chips production (David Shepardson/Reuters) 12-12-2023

David Shepardson / Reuters: Gina Raimondo says she plans to make ~12 CHIPS Act grants within the next year, including some worth billions of dollars that could reshape US’ chips production  —  U.S. Commerce Secretary Gina Raimondo said Monday she expects to make around a dozen semiconductor chips funding awards within the next year … Lees verder op Tech Meme