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A profile of Atsuyoshi Koike, the CEO of chip startup Rapidus, which plans to invest ~$35B by 2027 to build 2nm chips in Japan and help the US to counter China (Wall Street Journal) 07-07-2023

Wall Street Journal: A profile of Atsuyoshi Koike, the CEO of chip startup Rapidus, which plans to invest ~$35B by 2027 to build 2nm chips in Japan and help the US to counter China  —  Startup Rapidus looks to invest $35 billion, work with U.S. to counter China’s tech ambitions Lees verder op Tech Meme

Sources: Chinese authorities plan to announce a fine of at least ~$1.1B on Ant Group as soon as July 7, ending the company's years-long regulatory overhaul (Reuters) 07-07-2023

Reuters: Sources: Chinese authorities plan to announce a fine of at least ~$1.1B on Ant Group as soon as July 7, ending the company’s years-long regulatory overhaul  —  – Ant likely to be fined at least 8 billion yuan – sources  — Announcement would mark end of fintech giant’s regulator-driven overhaul Lees verder op Tech Meme

Uber and Careem face a driver shortage in Saudi Arabia, largely due to laws letting only Saudis work for the companies and mandating that drivers own their cars (Samer Al-Atrush/Financial Times) 07-07-2023

Samer Al-Atrush / Financial Times: Uber and Careem face a driver shortage in Saudi Arabia, largely due to laws letting only Saudis work for the companies and mandating that drivers own their cars  —  Ride-hailing apps in the kingdom are widely regarded as the region’s worst — in part because of state regulations Lees verder op Tech Meme

Global public cloud services revenue hit $545.8B in 2022, up 22.9% YoY; SaaS-Applications led with 45%+ of the revenue, then IaaS with 21.2%, and PaaS with 17% (Michael Shirer/IDC) 07-07-2023

Michael Shirer / IDC: Global public cloud services revenue hit $545.8B in 2022, up 22.9% YoY; SaaS-Applications led with 45%+ of the revenue, then IaaS with 21.2%, and PaaS with 17%  —  For more information, contact:  —  mshirer@idc.com  —  Worldwide revenue for the public cloud services market totaled $545.8 billion in 2022 … Lees verder op Tech Meme

Lightning Labs announces tools that let developers create AI agents that leverage GPT function calls to hold, send, and receive bitcoin via Lightning Network (Frederick Munawa/CoinDesk) 07-07-2023

Frederick Munawa / CoinDesk: Lightning Labs announces tools that let developers create AI agents that leverage GPT function calls to hold, send, and receive bitcoin via Lightning Network  —  “We are in the realm of enabling use cases that weren’t previously possible,” Lightning Labs CEO Elizabeth Stark told CoinDesk. Lees verder op Tech Meme