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Meta's Yann LeCun says regulating R&D for AI “is incredibly counterproductive” and only serves to reinforce the dominance of Big Tech and stifle competition (John Thornhill/Financial Times) 19-10-2023

John Thornhill / Financial Times: Meta’s Yann LeCun says regulating R&D for AI “is incredibly counterproductive” and only serves to reinforce the dominance of Big Tech and stifle competition  —  Artificial intelligence is still dumber than cats, says pioneer Yann LeCun, so worries over existential risks are ‘premature’ Lees verder op Tech Meme

Nokia plans to cut up to 14,000 jobs, or ~16% of its 86,000 workforce, and reports Q3 2023 net sales down 20% YoY to €4.98B and profit down 69% YoY to €133M (Arjun Kharpal/CNBC) 19-10-2023

Arjun Kharpal / CNBC: Nokia plans to cut up to 14,000 jobs, or ~16% of its 86,000 workforce, and reports Q3 2023 net sales down 20% YoY to €4.98B and profit down 69% YoY to €133M  —  – Nokia said it would cut up to 14,000 jobs as part of a cost cutting plan following third quarter earnings that plunged. Lees verder op Tech Meme

Sources: the EU adjusts DSA charges to cap them at 0.05% of 2022 profit; X and Amazon may pay €0 while Alphabet and Meta together pay ~€31M, or 75% of the total (Jillian Deutsch/Bloomberg) 19-10-2023

Jillian Deutsch / Bloomberg: Sources: the EU adjusts DSA charges to cap them at 0.05% of 2022 profit; X and Amazon may pay €0 while Alphabet and Meta together pay ~€31M, or 75% of the total  —  – Alphabet and Meta to pick up three-quarters of the tab  — Charges for large platforms adjusted based on profitability Lees verder op Tech Meme

US v. SBF: accounting professor Peter Easton testifies that FTX used “over a billion dollars” of customer funds to buy back Binance's FTX stake, bought in 2019 (Shaurya Malwa/CoinDesk) 19-10-2023

Shaurya Malwa / CoinDesk: US v. SBF: accounting professor Peter Easton testifies that FTX used “over a billion dollars” of customer funds to buy back Binance’s FTX stake, bought in 2019  —  Binance CEO Changpeng Zhao said in a 2022 post the company had received over $2.1 billion in binance usd (BUSD) stablecoins and FTX’s FTT tokens. Lees verder op Tech Meme

Sources: Apple fired at least five employees who worked in the company's App Store in China following an internal investigation into business misconduct (Wayne Ma/The Information) 19-10-2023

Wayne Ma / The Information: Sources: Apple fired at least five employees who worked in the company’s App Store in China following an internal investigation into business misconduct  —  Apple fired at least five employees who worked in the company’s App Store in China following an internal probe into business misconduct … Lees verder op Tech Meme

New York AG Letitia James sues the Winklevoss' Gemini, Genesis, and its parent Digital Currency Group, alleging the companies defrauded 230K investors of $1B+ (Leo Schwartz/Fortune) 19-10-2023

Leo Schwartz / Fortune: New York AG Letitia James sues the Winklevoss’ Gemini, Genesis, and its parent Digital Currency Group, alleging the companies defrauded 230K investors of $1B+  —  New York Attorney General Letitia James is suing the Winklevoss twin-led exchange Gemini along with the crypto lending firm Genesis … Lees verder op Tech Meme

A May 2023 survey of 5,101 US adults: 78% of Democrats and 68% of Republicans support more government regulation over what companies can do with people's data (Pew Research Center) 19-10-2023

Pew Research Center: A May 2023 survey of 5,101 US adults: 78% of Democrats and 68% of Republicans support more government regulation over what companies can do with people’s data  —  The role of technology companies, AI and regulation – plus personal experiences with data breaches, passwords, cybersecurity and privacy policies Lees verder op Tech Meme