Friday, February 17, 2023

Fitbit plans to remove adventures, challenges, and open groups from its app and replace Studio with an SDK; Google says the features were of "limited use" (Victoria Song/The Verge)

Victoria Song / The Verge:
Fitbit plans to remove adventures, challenges, and open groups from its app and replace Studio with an SDK; Google says the features were of “limited use”  —  Fitbit users: better one-up your friends in challenges while you still can.  Starting March 27th, Fitbit will remove all adventures …



E-signature software firm DocuSign to lay off 10 percent of its workforce

The layoffs will result in an impairment charge of approximately $25 million to $35 million in the first quarter of fiscal 2024, according to the report. https://ift.tt/NWHi9GK

The SEC says Do Kwon and Terraform Labs have withdrawn $100M+ in fiat currency from a Swiss bank since June 2022, after moving 10K+ Bitcoin out of a cold wallet (Suvashree Ghosh/Bloomberg)

Suvashree Ghosh / Bloomberg:
The SEC says Do Kwon and Terraform Labs have withdrawn $100M+ in fiat currency from a Swiss bank since June 2022, after moving 10K+ Bitcoin out of a cold wallet  —  Crypto fugitive Do Kwon and the firm he founded transferred over 10,000 Bitcoin out of their doomed project and turned …



Bulgaria and London-based Dronamics, which says it has a license to operate autonomous, long-range, cargo drones in Europe, raised a $40M pre-Series A (Mike Butcher/TechCrunch)

Mike Butcher / TechCrunch:
Bulgaria and London-based Dronamics, which says it has a license to operate autonomous, long-range, cargo drones in Europe, raised a $40M pre-Series A  —  Autonomous aircraft have long been thought of as having the most potential, though not in the realm of glitzy people-carrying drones so much as the more sedate world of cargo.



Lenovo posts its worst revenue fall in 14 years with Q3 revenue of $15.3B, down 24% YoY, and net income of $437M, down 32% YoY, and warns of job cuts (Josh Ye/Reuters)

Josh Ye / Reuters:
Lenovo posts its worst revenue fall in 14 years with Q3 revenue of $15.3B, down 24% YoY, and net income of $437M, down 32% YoY, and warns of job cuts  —  China's Lenovo Group Ltd (0992.HK) reported a 24% revenue decline for the third quarter, its largest revenue fall in 14 years as global demand …



Thursday, February 16, 2023

Adobe will need EU okay to acquire Figma, regulators say

The move by the European Commission underlines regulators' worries on Big Tech acquiring smaller innovative rivals and the impact on competition. https://ift.tt/wszFOcy

A year on from Meta hyping the metaverse in a dystopian Super Bowl ad, enthusiasm for a virtual future has evaporated and Meta is now more focused on efficiency (Jemima Kelly/Financial Times)

Jemima Kelly / Financial Times:
A year on from Meta hyping the metaverse in a dystopian Super Bowl ad, enthusiasm for a virtual future has evaporated and Meta is now more focused on efficiency  —  Enthusiasm for a virtual future is draining away — and so is investment  —  Remember when we were all going to ditch our humdrum lives …



Jaime Rogozinski, who created r/WallStreetBets, sues Reddit, arguing the company breached its contract by removing him as a moderator in 2020 (Akane Otani/Wall Street Journal)

Akane Otani / Wall Street Journal:
Jaime Rogozinski, who created r/WallStreetBets, sues Reddit, arguing the company breached its contract by removing him as a moderator in 2020  —  Jaime Rogozinski says site ousted him without claim; Reddit calls suit frivolous  —  WallStreetBets' founder is suing the site where it all began.



Sources: a China-based former ASML employee stole data from Teamcenter, a Siemens-made internal tool used to store technical info, in the past couple of months (Bloomberg)

Bloomberg:
Sources: a China-based former ASML employee stole data from Teamcenter, a Siemens-made internal tool used to store technical info, in the past couple of months  —  A China-based former employee of ASML Holding NV — a critical cog in the global semiconductor industry …



Microsoft reflects on the new Bing: 71% gave AI answers a thumbs up, Bing can become repetitive after 15+ questions, a few sessions over two hours, and more (Bing Blogs)

Bing Blogs:
Microsoft reflects on the new Bing: 71% gave AI answers a thumbs up, Bing can become repetitive after 15+ questions, a few sessions over two hours, and more  —  A little over a week ago, we shared an all new, AI-powered Bing search engine, Edge web browser, and integrated Chat, that we think of as Your Copilot for the Web.



A brief history of Rust, a programming language that emerged from a side project and has been instrumental in driving the shift toward memory safe programming (Clive Thompson/MIT Technology Review)

Clive Thompson / MIT Technology Review:
A brief history of Rust, a programming language that emerged from a side project and has been instrumental in driving the shift toward memory safe programming  —  For decades, coders wrote critical systems in C and C++.  Now they turn to Rust.  —  Many software projects emerge because …



Wednesday, February 15, 2023

ED raids mobile app offices dealing in cryptocurrencies

The case was lodged on the basis of an FIR registered by the Cyber Crime Police Station, Kohima, Nagaland, against HPZ token & others. https://ift.tt/LgGbCZJ

Digital lending to pip traditional lending in unsecured loans segment by 2030: Report

The company said it analysed the role of fintech-led digital lending to arrive at the predictions on the unsecured lending front, where lending happens through personal loans and credit cards sans any securities. https://ift.tt/ewGyX45

Bankrupt crypto lender Celsius proposes a sale to investment firm NovaWulf, founded in 2021 by Wall Street dealmakers; smaller creditors may regain 70% of funds (Benjamin Robertson/The Block)

Benjamin Robertson / The Block:
Bankrupt crypto lender Celsius proposes a sale to investment firm NovaWulf, founded in 2021 by Wall Street dealmakers; smaller creditors may regain 70% of funds  —  - Proposed sale would see smaller creditors get around 70% of their money back  — Larger creditors would become shareholders …



Sources: amid the Iran war, Asian bankers say rising power prices and energy security are becoming a bigger consideration in data center financing decisions (Bloomberg)

Bloomberg : Sources: amid the Iran war, Asian bankers say rising power prices and energy security are becoming a bigger consideration in ...