A look at China's growing interest in the open-source Risc-V chip architecture after US sanctions, including enlisting Alibaba and Tencent to help design chips — Chinese government steps up push to use Risc-V in move aimed at boosting domestic production of semiconductors
Sources detail Huawei's plans to stealthily build a domestic chip supply chain with partners in Beijing, Wuhan, Qingdao, and Shenzhen, investing over $55.8B — Battered by sanctions, Huawei leads the way in stealthily building a domestic semiconductor supply chain
In a bankruptcy hearing, BlockFi's lawyers say the lender plans to reopen withdrawals, BlockFi lent $671M to Alameda and has $355M frozen on FTX, and more — - BlockFi's first bankruptcy hearing in New Jersey kicked off on Tuesday, with lawyers emphasizing the crypto lender's strong corporate controls and customer prioritization.
Binance acquires Japan-based licensed exchange Sakura Exchange BitCoin for an undisclosed sum, the exchange's re-entry to Japan and first license in East Asia — - Binance has entered Japan by acquiring the locally licensed exchange Sakura Exchange BitCoin (SEBC). — The terms of the deal were not disclosed.
Sources: LedgerX, known as FTX US Derivatives, plans to make $175M available for FTX's bankruptcy, part of a $250M fund reserved for a CFTC application — LedgerX — one of the few corners of Sam Bankman-Fried's crumbled crypto empire that remain solvent — is preparing to make available $175 million …
Donald Trump's lawyer says a lawsuit against Twitter over banning his account is ongoing and Trump does not plan to withdraw the appeal, complicating his return — Elon Musk has tweeted that Donald Trump will be reinstated on Twitter, but the former president isn't backing down in his legal fight …
Some US auditors say FTX's collapse has led them to designate crypto clients as “high risk”, resulting in longer audits, higher fees, or dropping clients — Collapse of Sam Bankman-Fried's company highlights risks in industry where accounting rules are only half-formed
The UK government says the updated Online Safety Bill won't force tech giants to remove content that is “legal but harmful”, following free speech complaints — Britain will not force tech giants to remove content that is “legal but harmful” from their platforms after campaigners …
Chinese protestors are holding up blank pieces of paper as a protest against censorship, leading platforms and censors to quickly remove the images — Protesters are using few or no words in public and online demonstrations to speak out against Beijing's zero-Covid policies
UK police report: financial losses from crypto fraud were up 32% YoY to £226M between October 2021 and September 2022 and cases rose 16% to 10,030 — Data from specialist police unit reflect growing problem costing victims hundreds of millions — UK crypto fraud rose by a third in one year …
Ireland's Data Protection Commission fines Meta €265M for failing to safeguard data on 500M+ users from data scrapers, the third fine by the DPC on Meta — Company gets new EU privacy fine as bloc tightens regulation of big tech companies — A top European regulator fined Facebook …
Source: turmoil at Foxconn's Zhengzhou hub is likely to lower iPhone 14 Pro production by close to 6M units in 2022, potentially worsening if lockdowns continue — Turmoil at Apple Inc.'s key manufacturing hub of Zhengzhou is likely to result in a production shortfall of close …
China seems to be flooding Twitter with porn tweets mentioning places where people are protesting, overwhelming Twitter's radically reduced anti-propaganda team — For hours, links to adult content overwhelmed other posts from cities where dramatic rallies escalated
A look at OpenAI's Minecraft bot, which has learned to complete complex tasks in Minecraft after being trained on 70K hours of video of people playing the game — Online videos are a vast and untapped source of training data—and OpenAI says it has a new way to use it.
Shanghai-based eRoad, which offers a cloud-based HR management service with a focus on payroll, raised a ~$140M Series D, after raising an ~$84M Series C — Chinese human resource technology firm eRoad on Tuesday announced the completion of its Series D funding round at 1 billion yuan …
How live-action YouTube kids channels Vlad and Niki, Like Nastya, and Kids Diana Show, with a total of ~300M subscribers, are building global franchises — Vlad, Niki, Diana and Nastya party on yachts, ride in Ferraris and travel the world. Their massive audience of fellow kids can't get enough.
New Delhi-based diabetes management app BeatO raised a $33M Series B led by Lightrock India, with Flipkart and others participating — Diabetes management app BeatO has raised $33 million in its Series B round of funding led by impact investor Lightrock India.
Source: the US DOJ is investigating whether rent-setting software made by RealPage is facilitating collusion among landlords to drive up rental prices — The DOJ will examine whether RealPage helped landlords coordinate rent increases. Questions also swirl around a 2017 merger deal with its largest competitor.
An in-depth look at the US sanctions on China's chipmakers and worries over their impact on inflation and rising costs for Western manufacturers and customers — The advice “dig two graves, before you set out” applies to anyone bent on revenge. An old aphorism is hardly going to divert …
Reserve Bank of India declines a payment aggregator license for Paytm parent One 97, asking it to comply with foreign direct investment guidelines and reapply — India's banking regulator has declined a payment aggregator licence for the One 97 Communications Ltd (PAYT.NS) …
Analysis: AI startup funding has been around 9%-10% of global VC investment in recent years, led by robotics, autonomous vehicles, and enterprise software — Editor's note: In this four-part series, we explore the impact of artificial intelligence startups on multiple sectors.
Amazon will shut down its food delivery business in India on December 29, after launching it in May 2020 in Bengaluru, as part of a broader restructuring — Amazon will shut down its food delivery business in India by the end of the year, the retailer said Friday, retreating from a vertical it entered less than three years ago.
Binance releases its proof-of-reserves system, starting with BTC, claiming it has 582,485 BTC and 575,742 BTC user balance, a reserve ratio of 101% for users — - Binance has put out its proof-of-reserves system, in light of FTX's meltdown. — It shows a reserve ratio of 101% for its users' bitcoin balances.
Meituan reports Q3 revenue up 28.2% YoY to ~$8.7B and ~$170M in profit, as its “core local commerce” segment, including food delivery and hotels, rose 24.6% YoY — Meituan posted a 28% surge in revenue, affirming resilient demand in China for takeaway from people confined to home during the pandemic.
London-based The Applied AI Company, which uses AI to automate repetitive work prone to human error in insurance, pharma, and other sectors, raised a $42M seed — Investors include Stefan von Liechtenstein, Garry Kasparov, Dennis Mahoney, Valnon Holding, Freud Holdings, HCS GmbH …
Bloomberg : Google says it plans to counter Japan's FTC over claims that it hobbles rivals in search; a source says Japan's FTC s...
