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Techmeme Latest Headlines

Updated: 16 mins ago

European Commission says it has opened an antitrust investigation into whether Google favors its own display ad tech over rivals (Javier Espinoza/Financial Times)

Washington Democrat Pramila Jayapal says bipartisan antitrust legislation, one of six bills, would force Amazon to sell its logistics division (Bloomberg)

In a draft plan, the EU outlines a Joint Cyber Unit, which would let countries hit by cyberattacks request help, including rapid response teams (Laurens Cerulus/Politico)

DataRails, which offers financial planning and analysis tools that integrate with Excel, extends its Series A by $25M to $43.5M, bringing total raised to $55M (Ingrid Lunden/TechCrunch)

GlobalFoundries says it will spend $4B+ to build a chipmaking plant in Singapore, starting production in 2023, and devote $1B each to its German and US sites (Debby Wu/Bloomberg)

EU Court of Justice says YouTube and other platforms are not liable for copyright-infringing content uploaded by users under certain conditions (Foo Yun Chee/Reuters)

Amsterdam-based Mollie, which offers developers plugins and APIs to integrate payments, raises $800M at a $6.5B valuation led by Blackstone Growth (Ingrid Lunden/TechCrunch)

London's mayor says the Underground will have mobile coverage by the end of 2024 across the entire network, with some popular stations by the end of 2022 (Jon Porter/The Verge)

Vienna-based GoStudent, which connects K-12 students with online tutors, raises $244M Series C led by DST Global at a $1.7B valuation (TechCrunch)

Cleerly, whose AI-powered imaging tech aims to provide a more comprehensive view of cardiac health than traditional indicators, raises $43M Series B (Conor Hale/FierceBiotech)

Resolution Games says it won't move forward with a Facebook VR ad test in its paid VR game Blaston, but will consider testing ads in its free fishing game Bait! (Ian Hamilton/UploadVR)

Prosus says the value of its e-commerce portfolio excluding Tencent is worth $39B and had revenue of $6.2B in FY 2021, up 54% YoY, on $429M loss, down 46% YoY (Reuters)

Survey of 37 tech giants: $3.8B committed to diversity efforts in 2020 and 2021, ~2/3 had made some kind of DEI policy change after the summer 2020 protests (Katharine Schwab/Fast Company)

HPE says it has acquired Determined AI, which is developing an open source platform for building machine learning models; terms of the deal were not disclosed (Kyle Wiggers/VentureBeat)

Filing: Amazon has ordered 1,000 autonomous driving systems from self-driving truck startup Plus and acquired the option to buy up to a 20% stake in the startup (Bloomberg)

TikTok launches TikTok Jump to let creators enhance their videos by adding mini-app integrations from select partners including Whisk, Wikipedia, Quizlet, more (Nicole Lee/Engadget)

Internal docs: Amazon tries to push 6% of its office staff out of the company each year, calling the loss of low-ranked office workers "unregretted attrition" (Katherine Anne Long/The Seattle Times)

Google quietly pushed Massachusetts' MassNotify COVID tracking app to Android phones in the state; after debuting last week, the app has 1M to 5M installs (Ron Amadeo/Ars Technica)

A timeline of Google's long list of mostly-defunct messaging apps and services, starting in 2004 with Gmail and progressing to Google Talk, Hangouts, and Allo (Chaim Gartenberg/The Verge)

Current and former Google execs say the company suffers from both its size and Sundar Pichai's leadership, marked by delayed decisions and raging culture fights (Daisuke Wakabayashi/New York Times)

How North Korean hackers nearly stole $951M from Bangladesh Bank's New York Fed account in 2016, only to be stopped at the last moment after transferring $81M (BBC)

Filing: cybersecurity company SentinelOne will sell 32M shares at $26-$29, aiming for a $7B+ valuation and raising $928M at the top end, when it floats on NYSE (Noor Zainab Hussain/Reuters)

Sources: Shopify is rolling out a service that will let BuzzFeed and other content publishers link to merchants in exchange for a cut of transaction revenue (The Information)

A look at the huge rise of esports in South Korea, where thousands of young people compete to go pro, and efforts to create sustainable jobs in the industry (Choe Sang-Hun/New York Times)

Securitize, which helps companies issue asset-backed security tokens, raises $48M Series B co-led Morgan Stanley and Blockchain Capital (Mary Biekert/Bloomberg)

A look at the future of E3, once the dominant gaming event, as the pandemic, withdrawal of Sony, and rise of competing events has weakened its impact and appeal (Patrick Shanley/Washington Post)

European Central Bank board member says a digital euro will protect consumer privacy and protect the eurozone from the "threat" of competing cryptocurrencies (Martin Arnold/Financial Times)

Sources: Full Truck Alliance, a Chinese Uber-like service for trucks, raises $1.6B after pricing at $19, the top of the range; trading begins today on NYSE (Julia Fioretti/Bloomberg)

Sources: Indian payments company Paytm is seeking to raise up to $3B in its forthcoming IPO, targeting a valuation of $29B; the company was last valued at $16B (Stephanie Findlay/Financial Times)

Revolut says it had $361M in 2020 revenue, up 57% YoY, non-adjusted operating loss reached $277M due to staff costs, and retail customers rose 45% to 14.5M (Romain Dillet/TechCrunch)

As China expands its crackdown on cryptocurrency mining farms, analysis shows the price of GPUs has fallen on many e-commerce platforms in the country (Coco Feng/South China Morning Post)

Google says it has decided not to reopen Campus, its London-based startup space, after the pandemic forced it to close (Sam Shead/CNBC)

Investigation finds Amazon has been destroying thousands of unsold goods at its UK-based Dunfermline warehouse; source says 130K items are destroyed per week (Richard Pallot/ITV)

China's Sichuan Province closes crypto mines, following Xinjiang, Inner Mongolia, and Yunnan; an estimated 90% of China's mining capacity has now been shut down (Global Times)

Facebook rolls out Live Audio Rooms, available to verified public figures and select Groups, and its podcast service, available to select partners, in the US (Sarah Perez/TechCrunch)

Germany's Federal Cartel Office announces an antitrust investigation into Apple's App Store, pre-installed apps, and more (Sami Fathi/MacRumors)

Real estate mogul Frank McCourt says he plans to invest $100M to build a blockchain-based database of social connections, sidestepping the dominant social apps (Sarah Frier/Bloomberg)

Researcher finds iPhone bug that disables wireless functionality after joining a WiFi network called "%p%s%s%s%s%n"; resetting network settings fixes the issue (Ax Sharma/BleepingComputer)

A look at Founders Forum, the annual UK event branded as the "Davos of tech" attended by Europe's top CEOs and investors from technology and media (Sam Shead/CNBC)

Forto, a freight forwarding service that gives customers real-time data, raises $240M led by SoftBank's Vision Fund 2 at a $1.2B valuation (Douglas Busvine/Reuters)

Tax experts say that ransomware victims' ransom payments are probably tax deductible in the US, unless they were paid by an insurance company (Alan Suderman/Associated Press)

Wristcam, which makes a $299 Apple Watch band with a camera capable of taking 4K images and recording 1080p video, raises $25M led by Marker LLC (Brian Heater/TechCrunch)

Interview with Jim Keller, a chip expert lauded for his work at AMD and Apple, on ARM vs x86 vs RISC-V, managing 1,000 people at Intel, and plans at Tenstorrent (Dr. Ian Cutress/AnandTech)

Some power companies in Texas are remotely adjusting the smart thermostats of users enrolled in their energy saving programs to reduce strain on power grids (Matt Dougherty/KHOU-TV)

Amber Group, a Hong Kong-based crypto finance startup that provides trading and asset management services, raises $100M Series B at $1B pre-money valuation (Rita Liao/TechCrunch)

Analysts say the dominance of TSMC, which makes ~92% of the world's most sophisticated chips and 60% of chips used in cars, poses risks to the global economy (Wall Street Journal)

A look at El Zonte, a surfing village in El Salvador dubbed Bitcoin Beach after an anonymous 2019 donation turned it into a controlled alt-currency experiment (Ezra Fieser/Bloomberg)

Pandemic boosted the "phone-ization" of PCs, which are adopting power efficient CPUs and thin designs, a trend which will accelerate with broader adoption of 5G (Christopher Mims/Wall Street Journal)

A look at some Twitch streamers using the service to showcase minority languages like Galician, Welsh, Basque, and te reo Māori (Kristen Sinclair/The Verge)

An analysis of the usage of COVID-19 contact tracing apps in 25 US states and DC finds that only 13 have enough usage to benefit from exposure notification (Betsy Ladyzhets/MIT Technology Review)

A look at the evolution of AI chips and where they are headed, as companies like Google, Amazon, Graphcore, and Cerebras look to challenge Nvidia's dominance (Nicole Kobie/Wired UK)

Leonid Radvinsky, billionaire owner of OnlyFans, ran sites in the '90s promoting "hacked" porn site passwords, including links promising access to child porn (Forbes)

Eltropy, whose suite allows financial institutions to communicate with customers via text messages, announces $21M investment from K1 as part of its Series A (Emma Folts/Los Angeles Business ...)

Brightline, which provides virtual behavioral health therapy for children and teenagers, raises $72M Series B led by GV, bringing its total raised to ~$100M (Heather Landi/FierceHealthcare)

Shopping and pay later app nate, which allows users to buy products from any e-commerce store and centralize their purchases, raises $38M Series A (Omar Faridi/Crowdfund Insider)

Lingokids, which offers educational games through its "playlearning" app for kids aged 2-8, raises $40M Series C and claims to reach 30M+ families worldwide (Dean Takahashi/VentureBeat)

Addepar, a provider of wealth management software, raises $150M from D1 Capital Partners at a $2.17B valuation; source: Addepar was valued at ~$1B in November (Juliet Chung/Wall Street Journal)

Survey: social media users see the removal of hate speech as more fair than removing profanity, with moderators who removed hate speech seen as more trustworthy (Hanaa' Tameez/Nieman Lab)

Drought-stricken communities in the US push back against data centers' water usage; a typical data center uses same water per day as a city of 30K-50K people (Olivia Solon/NBC News)

Apple, whose arrogance and sense of entitlement let it treat developers as a hassle for two decades, will find few allies as it fights looming regulation (Chuq Von Rospach/6FPS)

Infotech Headlines Today

Updated: 33 mins ago

10 Things in Politics: Matt Gaetz and Fox News broke up - Business Insider

10 things in tech: Bezos in space (forever'), Instacart hires, Shopify exodus - Business Insider

23 Best Gaming Gear Deals for Prime Day 2021: PC, Switch, PlayStation, Xbox - Wired

24 Prime Day Deals for Your Post-Vax Summer Adventures - Wired

5 important things happening in South Africa today - BusinessTech

5G beckons as NCC inaugurates committee for deployment - Punch

A big Prime Day deal for the Nintendo Switch throws in Mario Kart almost for free - Pocket Lint

Add these discounted TP-Link Kasa smart plugs to your home this Amazon Prime Day - Pocket Lint

AI-driven robot Mayflower sails back after fault develops - BBC

Airtel Nigeria makes health insurance available via USSD - Techcabal

Alarming number of South Africa's municipalities are on the brink of failure - BusinessTech

Amazon Prime Day 2021: 42 Best Kitchen, Home, Kids Deals - Wired

Amazon reportedly evaluates its office workers with a tiered system that targets 6% of them leaving every year - Business Insider

Amsterdam-based Mollie, which offers developers plugins and APIs to integrate payments, raises $800M at a $6.5B valuation led by Blackstone Growth (Ingrid Lunden/TechCrunch) - Techmeme

AncestryDNA kits are 40% off for Prime Day - Pocket Lint

ANNKE home security deals for Prime Day - Pocket Lint

Apple Developing a Whole New Kind of MacBook Air - Slashdot

Apple's iPhone 12 and 12 mini are available at a huge saving for Prime Day in the UK - Pocket Lint

Bitcoin Plunges As China's Sichuan Province Pulls Plug On Crypto Mining - Slashdot

Black owned businesses make up less than 2% of all US corporations. There could be a $700 billion reward for those who can fill the gap. - Business Insider

Bumble closed all its offices for a week to help staff with their 'collective burnout - Business Insider

Caution over retirement fund changes for South Africa - BusinessTech

Check out these fantastic discounts on Logitech gaming gadgets - Pocket Lint

China says the Wuhan virus lab deserves a Nobel Prize. Meanwhile the US is trying to figure out whether it leaked the coronavirus. - Business Insider

China tells banks to stop supporting cryptocurrency - BBC

Chinese sellers on Amazon in hot demand by VCs and e-commerce roll-ups - Techcrunch

Cleerly, whose AI-powered imaging tech aims to provide a more comprehensive view of cardiac health than traditional indicators, raises $43M Series B (Conor Hale/FierceBiotech) - Techmeme

Clubhouse is building a DM text chat feature - Techcrunch

Corsair drops some tasty deals on gaming headsets for Amazon Prime Day - Pocket Lint

Daily Crunch: Facebook rolls out podcasts and Live Audio Rooms for US listeners - Techcrunch

Data, now preeminent in telecommunications, says VDT boss - Punch

Drinking Coffee May Cut Risk of Chronic Liver Disease, Study Suggests - Slashdot

Dutch payments startup Mollie raises another $800M at a $6.5B valuation - Techcrunch

Ed Partners Africa raises Ksh 205 million to fund affordable private schools in Kenya - TechMoran

Electric utility bike startup Ubco raises $10 million to fund its global expansion - Techcrunch

Engineer Builds Self-Balancing Autonomous Bicycle In Spare Time - Slashdot

Entire London Underground to receive mobile coverage by end of 2024 - The Verge

EU Court of Justice says YouTube and other platforms are not liable for copyright-infringing content uploaded by users under certain conditions (Foo Yun Chee/Reuters) - Techmeme

Excellent CX requires proper organizational structure and team setup - Business Insider

Facebook's entry into VR advertising isn't going too well - Techcrunch

Falling GPU Pricing in Europe Suggests Shortage Is Easing - Slashdot

Filing: Amazon has ordered 1,000 autonomous driving systems from self-driving truck startup Plus and acquired the option to buy up to a 20% stake in the startup (Bloomberg) - Techmeme

Fintech veteran Jitendra Gupta is ready for his new inning ' now he is going after banks in India - Techcrunch

Firm launches data compliance software - Punch

German watchdog probes Apple's market dominance - BBC

German Watchdog Probes Apple's Market Dominance - Slashdot

Get a sneak peek into the most trusted social media platforms of 2020 - Business Insider

Get up to 46% off Razer PC gear this Amazon Prime Day - mice, keyboards, headsets and more - Pocket Lint

Gillmor Gang: Who Knew - Techcrunch

Global stocks wobble as investors focus on post-pandemic era growth, while bitcoin continues to slide - Business Insider

Goldman zeroes in on millennial spending with South African fund - BusinessTech

Google gives TEF $3m grant for female entrepreneurs - Punch

Googles African funding, Airtel partners with AXA Mansard, Clubhouse-ish on Facebook - Techpoint

Government considers move to higher lockdown level in South Africa: report - BusinessTech

Grab a bargain with these Samsung SSD deals this Amazon Prime Day - Pocket Lint

Grab a discount on the Razer Kishi mobile gamepad for Android - Pocket Lint

Grab the DJI OM4 smartphone gimbal for up to 29 percent off over Prime Day - Pocket Lint

How farmers and scientists strive for more flavour - BBC

How the founder of $1 billion Tractable built a unicorn when a $25 million acquisition failed and he was running out of cash - Business Insider

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