Techmeme
April 6, 2021, 11:20 AM

Top News

James T. Areddy / Wall Street Journal:
China is pitching the digital yuan as a way to soften the power of US sanctions, which are increasingly being used against Chinese companies and individuals  —  A cyber yuan stands to give Beijing power to track spending in real time, plus money that isn't linked to the dollar-dominated global financial system
Clubhouse:
Clubhouse partners with Stripe to let its users send payments to other users without taking a cut; only selected users will be able to receive payments for now  —  From the earliest days of Clubhouse, a guiding principle has been to build a platform that puts the creator first.
Bloomberg:
Companies that make $1 display driver chips can't keep up with surging demand, causing serious production problems for products with LCD displays like laptops  —  - Without a display driver chip, you can't build your product  — CEO says he can't “see the light at the end of tunnel yet.”
Nick Statt / The Verge:
Yahoo Answers, one of the internet's most storied Q&A sites, will be shut down on May 4 and the company says a comprehensive archive will not be provided  —  The end of a long and storied internet era (of bad questions and even worse answers)  —  Yahoo Answers, one of the longest-running …
Atul Bhattarai / Rest of World:
A look at the rise and fall of India's missed call industry, which was transformed by Twitter-owned ZipDial that serviced 5M missed calls a day at its peak  —  In the age of expensive data, missed calls became more than just a cheap way to communicate.  But in India, technology moves faster than you'd think.
BuzzFeed News:
Source shares data on 1,803 US taxpayer-funded orgs using Clearview AI; many cops used its facial recognition without higher-ups knowing or after a local ban  —  A controversial facial recognition tool designed for policing has been quietly deployed across the country with little to no public oversight.
Debby Wu / Bloomberg:
Foxconn Q1 revenue jumps 44% YoY to $47B based on robust demand for Apple's new 5G devices and other gadgets  —  - Consumers continue to buy devices to stay connected at home  — Company warns component shortage will affect 10% of shipments  —  IPhone assembler Hon Hai Precision Industry Co.'s …
Ingrid Lunden / TechCrunch:
Sendbird, which helps developers integrate chat, video, and other features in their apps, raises $100M at a $1.05B valuation led by Steadfast Financial  —  Messaging is the medium these days, and today a startup that has built an API to help others build text and video interactivity …
Kyle Wiggers / VentureBeat:
ThreatQuotient, a threat-focused security operations provider, raises $22.5M in a mix of debt and $13M equity, bringing its total raised to $60M+  —  Join Transform 2021 for the most important themes in enterprise AI & Data.  Learn more.  —  ThreatQuotient, a security operations platform provider …
Rita Liao / TechCrunch:
KKR closes $15B Fund IV, its Asia-focused private equity fund, nearly four years after its $9.3B Asian Fund III; KKR will put ~$1.3B into Fund IV  —  KKR has just closed $15 billion for its Asia-focused private equity fund, exceeding its original target size after receiving “strong support” …

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Earlier Picks

Judd Legum / Popular Information:
Michael del Castillo / Forbes:
Brandy Zadrozny / NBC News:
Tucker Higgins / CNBC:
Sami Fathi / MacRumors:
Aaron Holmes / Insider: