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July 7, 2021, 11:00 AM
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| Bloomberg: |
Sources: China plans rule changes requiring Chinese companies to seek approval to list overseas, even if the unit selling shares is incorporated outside China — - Securities regulator working to change overseas listing rules — Change would require VIE firms to get nod to list offshore
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New York Times, Reuters, Tech in Asia, TechNode, ZDNet, and Financial Times
Tweets: @gopalsri, @luluyilun, @bluff_capital, @rmkoutfront, @liyuan6, and @emilyzfeng
| Bloomberg: |
China's crackdown on its tech giants wiped a combined $823B off their market value since a Feb. peak, with Tencent, Alibaba, and Kuaishou as the biggest losers — - Selling in technology sector seen continuing this quarter — Hang Seng Tech Index has lost 31% from February high
More:
Wall Street Journal, Financial Times, The Information, SiliconANGLE, and Reuters
Tweets: @jacobhelberg, @jacobhelberg, and @vshih2
| Tom McKay / Gizmodo: |
In an attempt to keep ahead of China's regulations, Tencent says it'll use a facial recognition system to prevent minors from playing games late into the night — Shenzhen, China-based gaming giant Tencent has announced it will use a face recognition system to prevent minors in its home country …
More:
Sixth Tone, PCMag, BBC, Insider, caixinglobal.com, Digital Trends, and MCV/DEVELOP
Tweets: @tiffanycli, @sixthtone, and @astepanovich
| Natasha Lomas / TechCrunch: |
Mozilla's crowdsourced study about YouTube over a 10-month period finds 71%+ videos flagged as objectionable by participants were recommended by YouTube itself — For years YouTube's video-recommending algorithm has stood accused of fuelling a grab-bag of societal ills by feeding users … | Sara Fischer / Axios: |
Sources: Donald Trump plans to announce class action lawsuits against Mark Zuckerberg Jack Dorsey at an 11AM press conference today — Former President Donald Trump, who has complained about censorship by social media giants, plans to announce class action lawsuits today … | Will Oremus / Washington Post: |
Facebook waiving Bulletin's fees at launch is a classic Silicon Valley tactic used to quash competitors, exemplifying a strategy critics think should be illegal — Facebook's latest product, a newsletter platform called Bulletin, exemplifies a strategy that some critics think should be illegal
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Platformer. Tweets: @willoremus, @rebeccawire, @willoremus, @aprilfdoss, @amzam, @damienics, @mh4oh, @craigcalcaterra, @corycachola, @omarkhafagy, and @rajit_h
| Jason Schreier / Bloomberg: |
Ubisoft confirms it's developing Assassin's Creed Infinity, an online service with evolving gameplay that expands over time, seeking to emulate Fortnite and GTA — Assassin's Creed, a video game franchise set in huge worlds where each one can take hundreds of hours to complete, is getting even bigger.
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Ubisoft, The Verge, Engadget, Windows Central, Forbes, TechRadar, Kotaku, Rock, Paper, Shotgun, Digital Trends, GamingBolt, SlashGear, Gamasutra, purexbox.com, Pocket-lint, Video Games Chronicle, GameSpot, Game Rant, Press Start, VG247, Twinfinite, Polygon, Wccftech, and IGN
Tweets: @jasonschreier, @jasonschreier, @laurakbuzz, @jasonschreier, @jasonschreier, @ubisoft, @jasonschreier, and @zhugeex
| Michael P. Regan / Bloomberg: |
A look at synthetic shares of Apple, Amazon, and others, which track the prices of real stocks and are being traded on blockchain projects like Mirror Protocol — - A DeFi ‘Trojan Horse’ finds its way to the stock market — Sounds like ‘investor-protection issue,’ says Themis's Saluzzi
More:
Blockonomi, iMore, and PYMNTS.com
Tweets: @thestalwart, @jackcambell14, @sivaram_v, @sandeepparekh, @davidgzeiler, @algotrdr, @d0h0k1, @crypto, @alex, and @treehcapital
| Alfred Ng / The Markup: |
Public records and a 2019 version of its user guide show just how invasive AnyVision's facial recognition software can be; AnyVision's customers include schools — One school using the software saw that a student's face was captured more than 1,000 times during the week
Tweets: @evan_greer, @jessedamiani, @themarkup, and @alfredwkng
| Sarah McBride / Bloomberg: |
Evernote founder's Mmhmm, a video service that works with Zoom, Teams, and Webex and can add effects to calls, raises $100M led by SoftBank's Vision Fund — When Phil Libin created note-taking app Evernote in 2007, he was making a bet that smartphones would be the next big thing.| Justin Sink / Bloomberg: |
Source: Biden will direct the FTC to draft new right-to-repair rules, with an explicit mention of mobile phone manufacturers expected in the directive — - Order may loosen rules on who can undertake phone repairs — Pentagon contractors, farm equipment also under scrutiny| Bloomberg: |
Sources: state-backed Russian hacking group APT29 breached the RNC last week, possibly via IT provider Synnex; RNC says there's is no indication it was hacked — - Hackers part of ‘Cozy Bear,’ people familiar with matter say — RNC official says ‘no indication’ computer systems hacked
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New York Times, Protocol, Engadget, SYNNEX Corporation, The Hill, The Register, Financial Times, The Guardian, CRN, The Guardian, Associated Press, RT, The Verge, Forbes, The Daily Caller, Axios, Gizmodo, Insider, and Politico
Tweets: @peterbakernyt, @darickr, @razhael, @vermontgmg, @shanegoldmacher, @rgoodlaw, @grahambrookie, @jojofromjerz, and @jason_kint
| CNBC: |
The Pentagon has canceled the $10B JEDI cloud contract that was awarded to Microsoft but faced legal challenges from Amazon, announced new multivendor contract — - The Department of Defense said it's calling off the $10 billion cloud contract that was the subject of a legal battle involving Amazon and Microsoft.
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The Official Microsoft Blog, U.S. DEPARTMENT OF DEFENSE, Bloomberg, The Economic Times, Light Reading, WinBuzzer, Insider, TechSpot, NPR, The Verge, Tech Xplore, Washington Post, NBC News, Telecoms.com, cloudpro.co.uk, EnterpriseAI, WRAL TechWire, Bloomberg, Silicon Republic, Agence France-Presse, Coinspeaker, Ars Technica, TechRadar, Wired, Beyond Search, VentureBeat, BBC, Newser, TechRepublic, Politico, Input, and TechPowerUp
Tweets: @fxshaw, @dmccabe, @tonyajoriley, @kateconger, @jackclarksf, @pradeepviswav, @ceciliakang, @carnage4life, @kantrowitz, @mhbergen, @dmccabe, @shiraovide, and @carnage4life
| Manish Singh / TechCrunch: |
Report: Indian startups raised a record $10.46B in H1 2021, vs. $4B in H1 2020 and $11.6B in all of 2020; India produced 16 unicorns this year — Indian startups have raised a record $10.46 billion in the first half of 2021, up from $4 billion in H1 2020. — A startup founder … | Financial Times: |
Binance says it will temporarily suspend euro bank deposits from the EU's Single Euro Payments Area network due to “events beyond our control” — Latest block comes after flurry of regulatory pushbacks against crypto exchange — Binance said it will suspend euro bank deposits …
More:
Binance Blog, Finbold, CoinDesk, Decrypt, Forkast, Crypto Briefing, U.Today, Reuters, The Economic Times, CNBC, Cointelegraph, Bloomberg, cryptodaily.co.uk, Coinspeaker, alfa.cash blog, Cryptonews, and Crypto Briefing
Tweets: @mayazi, @pesa_africa, and @dsquareddigest
| Romain Dillet / TechCrunch: |
Outbrain, which filed for an IPO last week, raises $200M from Boston-based hedge fund Baupost Group — Outbrain, an adtech company that provides clickbait ads below news articles, has raised $200 million in funding — Outbrain didn't disclose the valuation of the company for this deal.| Thomas Shum / Bloomberg: |
Sotheby's auction house says it will accept bitcoin and Ether at the sale of a 101.38-carat diamond, which could fetch as much as $15M, on Friday — - Pear-shaped flawless gem could fetch $15 million at auction — Bitcoin, Ether will be accepted at Hong Kong sale on Friday
More:
Fortune and Financial News
| Rebecca Chowdhury / MIT Technology Review: |
Hands-on with New York's Excelsior Pass vaccine passport: low adoption, privacy concerns, persistent technical glitches, and limited use at top leisure venues — When we tested New York's Excelsior Pass, we found privacy concerns, technical glitches, and questions over who it's really for.
Tweets: @brianmcc, @techreview, @rebecca_chowd, @techreview, and @miarsato
| Clothilde Goujard / Politico: |
EU's new law will let tech companies scan their platforms for child sexual abuse material for the next three years without fear of violating EU's privacy laws — The European Parliament on Tuesday approved a controversial law that would allow digital companies to detect and report child sexual abuse … | Ingrid Lunden / TechCrunch: |
Juni, a neobank catering to e-commerce and online marketing companies, raises $21.5M Series A co-led by partners from DST Global and Felix Capital — E-commerce in Europe is expected to grow 30% this year to $465 billion, and that's giving rise to a new ecosystem of services built to cater to e-commerce merchants.
More:
Silicon Canals, Tech.eu, and EU-Startups
Sponsor Posts
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Subquadratic: the LLM built for 12M-token reasoning — SubQ can reason across entire codebases and document sets in one pass with no RAG workarounds. Read how SubQ 1.1 Small holds near-perfect retrieval out to 12M tokens.
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Cloudflare:
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Baseten's CEO on why every company will want to own its AI
Candid conversations with the leaders shaping what's next in AI and the broader tech industry. Hosted by Alex Heath, who has covered Silicon Valley for more than a decade.
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Box's Aaron Levie: On Reinventing Yourself in the AI Age and Enterprise Diffusion
Sequoia Capital partners host conversations with leading AI builders and researchers to develop a deeper understanding of the evolving technologies and their implications.
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Tweets: @johnkoetsier, @evelyndouek, @evan_greer, @corrine0116, @evelyndouek, @campuscodi, and @charlesmok