Techmeme: Ethiopia picks a consortium backed with US foreign aid and led by Vodafone over a China-backed group to build a multi-billion dollar 5G-capable network (Wall Street Journal)

Open Links In New Tab

Mobile Archives Advertise Site News

May 24, 2021, 11:15 AM

Top News

Nick Statt / Protocol:

Ahead of Monday's closing arguments in the Apple vs Epic trial, a closer look at the judge's pointed questioning of Cook that touched on the lack of competition — Judge Yvonne Gonzalez Rogers, who is presiding over the Epic v. Apple antitrust trial, saved her best for last.

More: The Verge, The Verge, Fortune, CNET, and RCR Wireless News

Tweets: @protocol, @jeremiahlee, @nickstatt, @nickstatt, @protocol, @nickstatt, @keleftheriou, @nickstatt, @jacobwolf, @stephennellis, @stephennellis, @stephennellis, @markgurman, @reckless, @carnage4life, and @reckless

Heather Somerville / Wall Street Journal:

Study: among 44 tech startups that completed a SPAC deal from the start of 2020 through April 2021, their share prices had fallen 12.6% on average by May 17 — Entrepreneurs are increasingly wary about the money-raising tool after watching peers' stocks slide and investors balk

More: Silicon Valley Business … and PYMNTS.com

Tweets: @wsj, @julianklymochko, @laurenshirsch, @mayazi, @gunjanjs, and @m_delamerced

Manish Singh / TechCrunch:

Indian startup Zeta, which helps banks launch fintech products, raises $250M Series C led by SoftBank Vision Fund 2 at a valuation of $1.45B — Zeta, a startup that helps banks and fintech firms launch products, is the newest to attain the coveted unicorn status after closing a new financing round.

More: The Economic Times, Entrackr, Finextra, The Economic Times, Bloomberg, Inc42 Media, and Tech in Asia

Chaim Gartenberg / The Verge:

Google's partnership with Samsung to merge Wear OS with Samsung's Tizen comes after years of Google failing to build a cohesive wearables strategy — Third time might not be the charm — Once again, Google is hitting the reset button, combining with Samsung's Tizen wearable operating system …

Tweets: @ericliptonnyt, @jarango, and @killedbygoogle

Ken Norton / Bring the Donuts Newsletter:

Q&A with Michael Siliski, a business lead at Stripe, on product culture, how written long-form documents facilitate the flow of information at Stripe, and more — Go deep, move fast, and build multi-decade abstractions — This is the next part of my ongoing series about product culture.

More: Protocol. Tweets: @aneel, @patrickc, @quamen, @amix3k, @david_perell, @paulg, @sarthakgh, and @carnage4life

John McCormick / Wall Street Journal:

How Pinterest's neural network curates pins for users, pairing them with tailored ads on their search results, drawing 480M people to the site in Q1, up 30% YoY — Using neural networks, the site is able to find images—and ads—that will catch the consumer's eye

Tweets: @glenngabe and @psb_dc

Olivia Solon / NBC News:

Pro-Palestinian activist campaign targets Facebook's app store ratings via 1-star reviews; Facebook's internal chats show Apple declined to remove the reviews — Pro-Palestinian activists are running a coordinated campaign to downgrade Facebook's app review ratings to protest …

More: The Verge, AppleInsider, New York Post, Insider, MUO, Middle East Eye, and Engadget

Tweets: @hamadrajpvt, @craigkellymp, @osgaweesh, @hamadrajpvt, @sajeeralam, @middleeasteye, @hamadrajpvt, @nazihfares, @marwasf, @matteomoschella, @dats, @oliviasolon, and @bzamayo

Sneha Shah / The Economic Times:

PitchBook: Indian startups raised $7.8B from Jan. to Apr 2021, ~70% of $12.1B raised in 2020; average funding size is $25.21M in 2021, up from $14.94M in 2020 — Startup funding party continues amid second wave of Covid-19 — Risk investors continue to pump in record funds …

More: KrASIA and MediaNama

Wall Street Journal:

Ethiopia picks a consortium backed with US foreign aid and led by Vodafone over a China-backed group to build a multi-billion dollar 5G-capable network — A U.S.-backed consortium beat a Chinese-backed one for a multibillion-dollar contract to build Ethiopia's 5G-capable network

More: CNET, Techpoint Africa, Telecoms.com, and Slashdot

Tweets: @alex and @jchengwsj

Zheping Huang / Bloomberg:

Kuaishou, ByteDance's main rival, reports Q1 revenue of $2.65B, up 37% YoY, and a net loss of $8.9B, as it delved deeper into online commerce and advertising — - Advertising and e-commerce helped juice quarterly revenue — Kuaishou offers investors a taste of China's hot video market

More: PR Newswire and Tech in Asia

Ingrid Lunden / TechCrunch:

Invoca, which provides call tracking and conversational analytics services, buys DialogTech, which helps marketers analyze inbound calls, source says for $100M — On the heels of expanding its marketing call analytics platform last year to provide more insights to help those in sales …

Thanks:@dstickler_01

David J. Lynch / Washington Post:

A look at the greater role automation is playing in the US, with labor shortages driving greater adoption since the start of the pandemic — From warehouses to oil fields, artificial intelligence, robots and advanced software are leaving a mark — The United States today is producing roughly …

Tweets: @davidjlynch, @mckinsey_mgi, and @washingtonpost

Sponsor Posts

Google:

Try Gemini 3 Pro — Google's newest and most intelligent AI model that helps you bring any idea to life

Soxton:

AI-powered law for startups — Soxton automates startup legal so founders can move faster and sleep better. We handle incorporation, advisor, employment and commercial contracts. Join the waitlist for early access!

Zoho:

Zoho CRM Plus in 2025: A year of thoughtful CX improvements — 2025 marked 11 years of building a customer experience platform designed to support organizations as customer expectations, channels …

IDrive:

Protecting your Cloud Applications Data — Backing up Office 365, Google Workspace, Dropbox & Box data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.

Sponsor Techmeme

Featured Podcasts

Big Technology Podcast:

Alex And Ranjan's 2026 Outlook: ChatGPT 1 Billion, AI Shopping, Apple's Big Year, AI Love Boom

The Big Technology Podcast takes you behind the scenes in the tech world featuring interviews with plugged-in insiders and outside agitators.

Subscribe to Big Technology Podcast.

Hard Fork:

Where Is All the A.I.-Driven Scientific Progress?

The future is already here. Each week, journalists Kevin Roose and Casey Newton explore and make sense of the latest in the rapidly changing world of tech.

Subscribe to Hard Fork.

The Talk Show With John Gruber:

'A Naughty Citizen', With Quinn Nelson

The director's commentary track for Daring Fireball. Long digressions on Apple, technology, design, movies, and more.

Subscribe to The Talk Show With John Gruber.

Channels with Peter Kafka:

Podcast Pioneer PJ Vogt's Second Act: Less Budget, More Control

Media and tech aren't just intersecting - they're fully intertwined. To understand how those worlds work, Peter Kafka talks to industry leaders, upstarts and observers.

Subscribe to Channels with Peter Kafka.

BG2 Pod:

AI Enterprise - Databricks & Glean

Open-source podcast on all things tech, markets, investing, and capitalism, hosted by Brad Gerstner.

Subscribe to BG2 Pod.

Tools and Weapons with Brad Smith:

Ted Sarandos: Netflix and how tech changed storytelling

Microsoft Vice Chair and President Brad Smith speaks with leaders in government, business, and culture to explore the most critical challenges at the intersection of technology and society.

Subscribe to Tools and Weapons with Brad Smith.

Add your podcast here

About This Page

This is a Techmeme archive page. It shows how the site appeared at 11:15 AM ET, May 24, 2021.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

From Mediagazer

Daniel Thomas / Financial Times:

As the BBC fights Trump's $10B lawsuit and ITV plans to combine its broadcasting business with Sky in 2026, a look at the slow death of the UK's TV channels

Alex Ritman / Variety:

In Channel 4's 2025 Alternative Christmas Message, Jimmy Kimmel said “tyranny is booming” in the US and, on his ABC suspension, “We won, the president lost”

Henry Blodget / Regenerator:

Bari Weiss' 60 Minutes decision may have been a way to both signal that she's serious about shifting CBS' sensibility to the right and “improve” a story

Upcoming Tech Events

Jan 4

Samsung "The First Look" media event

Game Developers Conference

More News

Ryan Weeks / The Block:

Solidus Labs, which develops monitoring and compliance tools for identifying market manipulation in crypto, raises $20M Series A

More: CoinDesk

Jane Lanhee Lee / Reuters:

South Korea-based Riiid, which offers an AI-based tutor that gives real-time progress evaluations for students, raises $175M from SoftBank Vision Fund 2

More: TechCrunch

Shoko Oda / Bloomberg:

Japan's leading matchmaking app Omiai was hacked in April, exposing personal information, including photo IDs, of 1.7M+ users; no credit card info was leaked

More: TechRadar, Japan Times, and Tech Xplore. Tweets: @staronline

Mike Butcher / TechCrunch:

London-based Faculty, an applied AI startup which helps companies adopt AI into their businesses, raises £30M from the Apax Digital Fund

More: Silicon Canals. Thanks:@mikebutcher

Gilad Edelman / Wired:

A look at CaliberAI, a company that develops a tool for detecting potentially libelous claims, which may be particularly valuable for short-staffed newsrooms

More: govtech.com. Tweets: @juliahlna, @juliahlna, @juliahlna, @gadgetlab, @juliahlna, @trinityresinnov, @ei_theusa, @aricohn, and @caliberai

Earlier Picks

Karen Hao / MIT Technology Review:

Over 500 AI researchers are working on a project to build an open-source large language model that will be used to conduct research independent of any company

Tweets: @jon_severs, @lucianabenotti, @techreview, @_karenhao, @phalcon7, @ict4peace, @techreview, @techreview, @mor10, @glichfield, and @quantamagazine

Steve Lohr / New York Times:

Profile of Paul Romer, once tech's favorite economist and now a critic, who has championed state taxes on the digital ads sold by Facebook and Google

Tweets: @ramaswmysridhar, @carnage4life, @nytimestech, @anabmap, @charlesmok, @stevesi, @1br0wn, @hoofnagle, @hobnobmobile, @jason_kint, @andrewdessler, @claudferraz, @paulmromer, @jessefelder, @jomicheii, @staceynycdc, @nytimestech, and @naomioreskes

Jacob Kastrenakes / The Verge:

Twitch launches a category for “Pools, Hot Tubs, and Beaches” streams, letting creators continue to stream them while letting advertisers and viewers avoid them

Pat Maio / Los Angeles Business Journal:

ProducePay, which offers an analytics service to track market prices of fruits and vegetables, raises $43M Series C led by G2VP, bringing total raised to $300M

More: FinSMEs and GlobeNewswire

José Adorno / 9to5Mac:

Apple says HomePod and HomePod mini will receive a software update in the future to natively support Apple Music Lossless

More: Engadget, Digital Trends, The Mac Observer, The Overspill, iMore, Ubergizmo, Mashable, Apple Support, Digital Trends, TechSpot, The Verge, TechRadar, MSPoweruser, Neowin, and iThinkDifferent

Tweets: @marcoarment, @viticci, @viticci, @mehnitesh2, @viticci, @samifathi_, @stevemoser, @film_girl, @micahsingleton, @onejarednewman, @parrots, @rsgnl, @rsgnl, @davemark, @tanmays, @bzamayo, @journeydan, and @r3dash