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August 16, 2023, 1:00 PM
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| Sankalp Phartiyal / Bloomberg: |
Sources: Foxconn's Tamil Nadu plant in India plans to deliver new iPhone 15s only weeks after Chinese factories; previously, output lagged China by 6-9 months — - Apple is diversifying iPhone supply chain away from China — India's push to become a manufacturing hub is bearing fruit| Financial Times: |
More: Apple Must, The Register, and The Economic Times
| Nico Grant / New York Times: |
Documents: Google DeepMind has been working with generative AI to perform at least 21 different types of personal and professional tasks, including life advice — The tech giant is evaluating tools that would use artificial intelligence to perform tasks that some of its researchers have said should be avoided.| Timmy Shen / The Block: |
Coinbase says the exchange received regulatory approval from the CFTC-backed National Futures Association to offer futures trading services to eligible US users — - Coinbase is now allowed to operate as a futures commission merchant and offer eligible U.S. customers access to crypto futures from its platforms, the company said.
More: Coinbase, Business Today, Metaverse Post, Finextra, CoinDesk, Bloomberg, Fortune, Reuters, The Crypto Basic, Crypto Briefing, Cryptopolitan, Crowdfund Insider, Coinpedia Fintech News, Tech Startups, Decrypt, CryptoSlate, DL News, crypto.news, Wall Street Journal, 24/7 Wall St., Bitcoinist.com, Watcher Guru, CoinGape, CryptoPotato, Blockworks, Ethereum World News, CoinJournal, Cointelegraph, and Forkast
X: @brian_armstrong, @coinbase, @iampaulgrewal, @faryarshirzad, @northrocklp, @tphillips, @arthurb, @defisurfer808, @metalawman, and @coinbase
Forums: r/CryptoCurrency and r/ethtrader
| Bloomberg: |
Intel ends its $5.4B deal to buy Israeli company Tower Semiconductor after failing to win Chinese regulatory approval; Intel announced the deal in February 2022 — - Deal for Tower Semiconductor needed Chinese antitrust approval — Intel Corp. walked away from its attempt …
More: Intel, Silicon Republic, Computerworld, Wall Street Journal, CRN, Silicon Valley Business …, HotHardware, PCMag, Tom's Hardware, Total Telecom, New York Times, RCR Wireless News, The Verge, Associated Press, Financial Times, CNBC, TechCrunch, Globes Online, Livemint, TechSpot, South China Morning Post, Reuters, Engadget, Coinspeaker, Neowin, 9to5Mac, Barron's Online, ChinaTechNews.com, Phoronix, and Windows Central
X: @sino_market, @_fabknowledge_, and @fosspatents
| Kif Leswing / CNBC: |
Apple backtracks and moves the “end call” button back to the middle of the screen, from the bottom-right corner, in the latest iOS 17 beta — - Apple has moved the end call button back to the middle of the screen in the the newest developer version of iOS 17 released on Tuesday.| Andrew J. Hawkins / The Verge: |
As San Francisco opens to 24/7 robotaxis, a look at Cruise and Waymo cars causing traffic jams and obstructing emergency vehicles, unraveling the public's trust — The day after California regulators handed driverless car companies a major victory, allowing them to expand …
More: The Register, Light Reading, Bloomberg, TechSpot, The Robot Report, PCMag, and Insider
| Chris Vallance / BBC: |
Sama CEO Wendy Gonzalez says the company no longer plans to take harmful content moderation work from Meta and she regrets the work, after some staff sued Sama — A firm which was contracted to moderate Facebook posts in East Africa has said with hindsight it should not have taken on the job.| Hannah Miller / Bloomberg: |
Crypto key startup BitGo raised $100M at a $1.75B valuation from undisclosed US and Asian investors; Galaxy Digital scrapped a $1.2B BitGo acquisition in 2022 — The crypto company raised $100 million from new investors, emphasizing its focus on following rules and regulations.
More: PRWeb, SiliconANGLE, FinSMEs, Decrypt, CoinDesk, Cointelegraph, The Block, Coinpedia Fintech News, and Crowdfund Insider
X: @bitgo and @silvermanjacob
| Jay Peters / The Verge: |
Epic Games expands its Epic Online Services crossplay tools from PC to PlayStation, Xbox, and Switch, helping developers more easily add crossplay multiplayer — The change could mean that developers will be able to more easily bring crossplay multiplayer to their games.| Caitlin Harrington / Wired: |
OSHA investigations and 11 interviews: Amazon's first aid clinics put warehouse staff at risk by keeping them working instead of referring them to medical care — A WIRED investigation and federal citations show how first aid clinics in Amazon warehouses sometimes direct injured employees …
X: @tonyajoriley, @lfelizleon, and @jbarab
| Alexandra Alter / New York Times: |
The Authors Guild, American Booksellers Association, and Open Markets Institute urge the DOJ and the FTC to investigate Amazon's “monopoly” in the book market — The online retailer's size and sway affects the free exchange of ideas, the groups argue.| Leah Nylen / Bloomberg: |
Filing: Leslie Kilgore and Andrea Wishom stepped down from Nextdoor's board on August 1 after the US DOJ raised concerns they were also on Pinterest's board — - DOJ is cracking down on directors serving on rival companies| Jay Peters / The Verge: |
Users of X Pro, previously TweetDeck, report encountering X Blue paywalls to use the service; X said on July 3 that “in 30 days” X Pro would be subscriber-only — X, the social network formally known as Twitter, appears to be finally following through on its promise to make TweetDeck a paid service.
More: TechCrunch, KnowTechie, CNBC, Techaeris, MobileSyrup, Mashable, TweakTown, Agence France-Presse, Engadget, The Wrap, 9to5Google, and Washington Post
Threads: @diegojimenez, @jaypetersplus, @reckless1280, and @reckless1280. Mastodon: @TodayInTwitter@mastodon …
Bluesky: @marygillis.bsky.social, @jeffasher.bsky.social, @velodus.bsky.social, @kevdgrussing.bsky.social, @tananarivedue.bsky.social, and @darthbluesky.bsky.social
| Bloomberg: |
Documents: Amazon plans to impose a new 2% fee per sale on merchants who ship products themselves, on top of the ~15% fee they already pay, starting in October — - The new levy comes even with an FTC antitrust suit looming — Merchant fees generate revenue as online sales growth slows
X: @seyitaylor
| Elizabeth Howcroft / Reuters: |
PayPal plans to “temporarily pause” letting UK users buy crypto from October 1, to work on complying with new regulations, and restart support in “early 2024” — Payments giant PayPal (PYPL.O) will stop allowing UK customers to buy cryptocurrencies through its platform …
More: CoinDesk, The Block, Cryptonews, Coinpedia Fintech News, Crypto Daily, Watcher Guru, crypto.news, Cointelegraph, CryptoSlate, and CoinJournal. X: @deitaone
| Olivia Poh / Bloomberg: |
Southeast Asian giant Sea's stock fell 29%, its largest single-day drop, wiping out nearly $10B to hit a $23B market cap, down ~$180B from a November 2021 peak — - Singapore e-commerce stock drops to lowest ever as sales slow — Competition intensifies as Alibaba, TikTok gain shopping users
More: Reuters, Tech in Asia, Nikkei Asia, and Bloomberg
| Bloomberg: |
Sources: as part of the US DOJ's two-year Visa investigation, officials are looking at the company charging merchants more for not using its “tokenization” tool — - Merchants get charged more if they shun Visa's tokens — Long-running probe is now scrutinizing those price differences
More: Reuters and San Francisco Business Journal
| Arjun Kharpal / CNBC: |
Tencent reports Q2 revenue up 11% YoY to ~$20.6B, below ~$20.8B est., and operating profit up 37% YoY to ~$6.9B, driven by benefits from cost cutting in 2022 — - Tencent on Wednesday reported a surge in profit for the second quarter, but missed expectations.| Yuka Hayashi / Wall Street Journal: |
The US Commerce Department forms a team of financiers from Goldman Sachs, Blackstone, KKR, and other Wall Street firms to help allocate $39B in chip subsidies — Talent from Goldman Sachs, KKR and Blackstone will help determine how $39 billion in semiconductor chip subsidies are allocated
More: Politico. X: @davidasmanfox, @davidpgoldman, @adamthierer, and @zachweinberg. LinkedIn: Matt Hill
| Ryan Weeks / The Block: |
Layer 1 blockchain startup ZetaChain raised $27M from Blockchain.com and others and plans to launch its mainnet soon; ZetaChain has 27K+ dApp contracts deployed — - Several crypto and trading heavyweights, including Blockchain.com and Jane Street Capital, participated in the fundraise.
More: Cointelegraph
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