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Emily Nicolle / Bloomberg: Visa and Allium Labs: less than 10% of stablecoin transactions are “organic payments activity”, which excludes activities from bots and large-scale traders -
Pieter Haeck / Politico: The EU's crackdown on Huawei shows an EU-wide TikTok ban will likely take years of diplomacy, as the bloc lacks a formal say over national security concerns -
Counterpoint Research: iPhone 15 Pro Max was Q1's best-selling smartphone; Pro phones were 50% of Apple's sales, up from 24% in 2020; Apple and Samsung each had five phones in top 10 -
Wall Street Journal: Interviews with finance experts and young adults suggest TikTok videos about the economy and consumerism are creating a distorted view of financial well-being -
Coco Feng / South China Morning Post: Tens of thousands of overworked employees have left their jobs at China's largest tech companies in recent years, as the industry lost its growth momentum -
Ashley Carman / Bloomberg: Over 40K Audible books are marked as having been made with an AI “virtual voice”, saving authors hundreds or thousands of dollars per title on narration costs -
Tassilo Hummel / Reuters: Atos says it received four distinct offers to restructure its debt and inject cash from investors including Atos' banks and its largest shareholder Onepoint -
Pei Li / Bloomberg: Sources: Chinese self-driving startup Beijing Momenta Technology confidentially filed for an IPO in the US and could raise $200M to $300M as early as in 2024 -
Anthony Ha / TechCrunch: Meta launches quote post controls for all Threads users, letting them allow quotes from everyone on Threads, only the people they follow, or disable quote posts -
Muyao Shen / Bloomberg: DEX Screener: the value of decentralized social platform Friend.tech's native token, the Friend, fell ~98% to below $2 after making its trading debut on May 3 -
Anthony Ha / TechCrunch: The US announces $285M in CHIPS Act funding for research into semiconductor digital twin development, which may reduce chip development and manufacturing costs