Reuters:
Sources: Samsung has postponed taking deliveries of ASML chipmaking equipment for its upcoming factory in Taylor, Texas as it has yet to win any major customers — Samsung Electronics (005930.KS) has postponed taking deliveries of ASML (ASML.AS) chipmaking equipment for its upcoming factory …
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Friday, October 18, 2024
Sources: Samsung has postponed taking deliveries of ASML chipmaking equipment for its upcoming factory in Taylor, Texas as it has yet to win any major customers (Reuters)
Byju's founder Byju Raveendran says his edtech startup, valued at $22B in 2022, is effectively "worth zero", and that he made mistakes and mistimed the market (Manish Singh/TechCrunch)
Manish Singh / TechCrunch:
Byju's founder Byju Raveendran says his edtech startup, valued at $22B in 2022, is effectively “worth zero”, and that he made mistakes and mistimed the market — Byju Raveendran, the founder of the embattled edtech group Byju's, acknowledged on Thursday afternoon that he made mistakes …
Thursday, October 17, 2024
UK study: employers running grad schemes received an average of 140 applications for each job in 2024, a record and up 59% YoY, as AI makes applying easier (Financial Times)
Financial Times:
UK study: employers running grad schemes received an average of 140 applications for each job in 2024, a record and up 59% YoY, as AI makes applying easier — Fierce competition for roles has been sharpest in highly paid sectors such as IT and consulting — UK graduates face …
South Korea plans stronger measures to prevent leaks of advanced tech and business secrets; the NIS says there were 40 attempted chip secret leaks in five years (Reuters)
Reuters:
South Korea plans stronger measures to prevent leaks of advanced tech and business secrets; the NIS says there were 40 attempted chip secret leaks in five years — South Korea will prepare stronger measures in a bid to prevent overseas leaks of business secrets amid intensifying competition …
How machine learning could have transformative effects on Africa's developing economies and societies, as some critics worry over a deepening digital divide (Financial Times)
Financial Times:
How machine learning could have transformative effects on Africa's developing economies and societies, as some critics worry over a deepening digital divide — Machine learning could have transformative effects on developing economies and societies. But some fear a deepening digital divide
Wednesday, October 16, 2024
Elon Musk appears to have won a contest with Indian telecom tycoons Mukesh Ambani and Sunil Bharti Mittal over the awarding of satellite spectrum in India (Financial Times)
Financial Times:
Elon Musk appears to have won a contest with Indian telecom tycoons Mukesh Ambani and Sunil Bharti Mittal over the awarding of satellite spectrum in India — Limited time offer — Save 40% on Standard Digital — $468 $279 for your first year, equivalent to $23.25 per month. Make up your own mind.
An analysis of WeChat's network protocol MMTLS finds that it is a modified version of TLS 1.3 and WeChat developers' changes to its cryptography add weaknesses (The Citizen Lab)
The Citizen Lab:
An analysis of WeChat's network protocol MMTLS finds that it is a modified version of TLS 1.3 and WeChat developers' changes to its cryptography add weaknesses — Key contributions — We performed the first public analysis of the security and privacy properties of MMTLS …
Q&A with Kevin Rose on Digg, what Reddit got right, the rise of news feeds, Techmeme being the place "to just see globally what's happening in tech", and more (David Pierce/The Verge)
David Pierce / The Verge:
Q&A with Kevin Rose on Digg, what Reddit got right, the rise of news feeds, Techmeme being the place “to just see globally what's happening in tech”, and more — a couple of years, there was nothing on the internet so simultaneously thrilling and terrifying as having your website hit the front page of Digg.
ASML's stock falls the most since 1998 after projecting sluggish sales, erasing €50B from its market cap and causing Nvidia and other chip stocks to fall (Bloomberg)
Bloomberg:
ASML's stock falls the most since 1998 after projecting sluggish sales, erasing €50B from its market cap and causing Nvidia and other chip stocks to fall — - Magnitude of ASML's forecast cut was a surprise, Citi says — Peer Tokyo Electron among worst hit stocks in Asia, down 10%
Tuesday, October 15, 2024
The NYT sends a cease-and-desist letter to AI startup Perplexity to stop using its content; Perplexity says it is "interested in working with every" publisher (Alexandra Bruell/Wall Street Journal)
Alexandra Bruell / Wall Street Journal:
The NYT sends a cease-and-desist letter to AI startup Perplexity to stop using its content; Perplexity says it is “interested in working with every” publisher — Publisher demands that Perplexity stop accessing its content. Startup isn't interested “in being anyone's antagonist,” CEO says.
UK podcaster Harry Stebbings' 20VC raised a $400M fund for early stage startups, one of Europe's biggest venture funds; the podcast recently hosted Sam Altman (Tim Bradshaw/Financial Times)
Tim Bradshaw / Financial Times:
UK podcaster Harry Stebbings' 20VC raised a $400M fund for early stage startups, one of Europe's biggest venture funds; the podcast recently hosted Sam Altman — British firm 20VC pulls in $400mn to invest in early stage tech start-ups — A venture firm founded by 28-year-old British …
Monday, October 14, 2024
A look at the legal dispute between OpenAI and Open AI, run by Guy Ravine, who bought the open.ai domain and filed to trademark "Open AI" in December 2015 (Evan Ratliff/Bloomberg)
Evan Ratliff / Bloomberg:
A look at the legal dispute between OpenAI and Open AI, run by Guy Ravine, who bought the open.ai domain and filed to trademark “Open AI” in December 2015 — Guy Ravine's Open AI (with a space) owns a trademark and website that OpenAI (no space) wants.
The UK appoints Microsoft UK CEO Clare Barclay to lead its new Industrial Strategy Advisory Council, which will focus on growing eight sectors, including tech (Financial Times)
Financial Times:
The UK appoints Microsoft UK CEO Clare Barclay to lead its new Industrial Strategy Advisory Council, which will focus on growing eight sectors, including tech — Clare Barclay will lead new statutory body tasked with helping Britain win investment away from rival nations
Sunday, October 13, 2024
Analysis: US regulators have secured $19B+ in eight settlements from crypto firms so far in 2024, including FTX's $12.7B, and ~$32B since January 1, 2019 (Lim Yu Qian/CoinGecko)
Lim Yu Qian / CoinGecko:
Analysis: US regulators have secured $19B+ in eight settlements from crypto firms so far in 2024, including FTX's $12.7B, and ~$32B since January 1, 2019 — What Are the Top Crypto Enforcement Actions in the US? … FTX and Alameda's lawsuit was led by the Commodity and Futures Trading Commission …
An energy crunch is forcing continued coal burning in a low-income area in North Omaha, Nebraska, as Meta and Google data centers strain regional power supply (Evan Halper/Washington Post)
Evan Halper / Washington Post:
An energy crunch is forcing continued coal burning in a low-income area in North Omaha, Nebraska, as Meta and Google data centers strain regional power supply — An energy crunch forces continued coal burning in a low-income area as data centers strain the regional power supply.
A profile of Klarna and its CEO Sebastian Siemiatkowski as it filed for a US IPO on November 13; investors hope Klarna can achieve a $150B-$200B valuation (Financial Times)
Financial Times : A profile of Klarna and its CEO Sebastian Siemiatkowski as it filed for a US IPO on November 13; investors hope Klarna ...
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Jake Offenhartz / Gothamist : Since October, the NYPD has deployed a quadruped robot called Spot to a handful of crime scenes and hostage...
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