Techmeme
April 6, 2021, 4:45 PM

Top News

Katie Roof / Bloomberg:
Sources: Clubhouse is in talks to raise funding from investors in a round valuing the business at about $4B, following its reported valuation of ~$1B in January  —  Clubhouse, the buzzy audio-based social network, is in talks to raise funding from investors in a round valuing the business …
Andy Greenberg / Wired:
Signal says it has added support for privacy-focused cryptocurrency MobileCoin to let users send and receive money, starting in the UK on iOS and Android  —  The encrypted messaging app is integrating support for MobileCoin in a bid to keep up with the features offered by its more mainstream rivals.
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
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.
Pranob Mehrotra / XDA Developers:
Jeff John Roberts / Decrypt:
Ahead of its April 14 direct listing, Coinbase reports a record quarter, with estimated profits of $730M-$800M in Q1 on revenue of ~$1.8B and 56M verified users  —  Coinbase in Q1 2021 had its best quarter in the company's history by far.  The news will likely boost the price of its shares on its April 14 direct listing.
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.”
Jon Porter / The Verge:
TikTok says creators will soon be able to add automatic captions to videos in US English and Japanese with support for other languages “in the coming months”  —  Launching in American English and Japanese first  —  TikTok creators will soon be able to add automatically-generated captions …
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.
Andrei Frumusanu / AnandTech:
Review of Intel's Ice Lake Xeon Scalable CPUs, its first server chip design using a 10nm process, which sees large increases in performance for many workloads  —  The launch of Intel's Ice Lake Xeon Scalable processors has been in the wings for a number of years.
Washington Post:
A Facebook recruiter, Rhett Lindsey, who left after 11 months, and others say Facebook's hiring processes are problematic and will hinder diversity goals  —  The recruiter quit after 11 months, adding fuel to claims that it discriminates against Black applicants
Todd Spangler / Variety:
E3 will take place as a free virtual conference on June 12-15 and organizers say an in-person event will happen in LA in 2022  —  The Entertainment Software Association (ESA) announced plans for a “reimagined” all-virtual E3 2021, set to take place June 12-15, 2021, featuring news and game reveals.
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 …
Paul R. La Monica / CNN:
NonFungible.com data shows the average price of an NFT has dropped from over $4,000 in late February to ~$1,256 on April 5  —  New York (CNN Business)Non-fungible tokens, or NFTs, are all the rage.  But their popularity may have already peaked.  Prices of NFTs, the digital certificates …

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Earlier Picks

Filipe Espósito / 9to5Mac:
Carolyn Said / San Francisco Chronicle:
Clubhouse:
Tucker Higgins / CNBC:
Sami Fathi / MacRumors:
Aaron Holmes / Insider: