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July 7, 2021, 2:30 PM
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WeSmirchTop News
| 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
More:
New York Times, New York Times, Tech in Asia, Nikkei Asia, Reuters, TechNode, and Wall Street Journal
Tweets: @shiraovide, @jorge_guajardo, @gopalsri, @luluyilun, @liyuan6, @bluff_capital, and @rmkoutfront
| 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:
Bloomberg, Protocol, Financial Times, Financial Times, and The Information
Tweets: @can, @vshih2, @jacobhelberg, @jacobhelberg, and @sub8u
| CNBC: |
Donald Trump sues Facebook, Twitter, and Google, as well as their CEOs, alleging the companies have violated his First Amendment rights — - Former President Donald Trump announced he is suing Facebook, Twitter and Google, as well as their respective CEOs Mark Zuckerberg, Jack Dorsey and Sundar Pichai.
More:
Associated Press, Washington Post, Bloomberg, TechCrunch, CNN, Protocol, CNET, Gizmodo, Vox, AppleInsider, The Verge, TNW, Finbold, Heimdal Security Blog, PCMag, HotHardware.com News, Engadget, The Hill, Reuters, iThinkDifferent, Axios, Insider, Mashable, Neowin, fossbytes.com, BBC, Financial Times, MacDailyNews, iPhone in Canada Blog, The Wrap, Variety, KnowTechie, and Android Central
Tweets: @bradheath, @nytnickc, @samstein, @adamsteinbaugh, @bencjacobs, @devlinbarrett, @brooklynmarie, @lindaholmes, @erickfernandez, @adamkinzinger, @keitholbermann, @tortmuseum, @katiephang, @walshfreedom, @harrylitman, @morningconsult, @m_feeney, @popehat, @dylanbyers, @geoffrbennett, @kevincollier, @arguendiot, @pwnallthethings, @pwnallthethings, @meridithmcgraw, @pwnallthethings, @pwnallthethings, @pwnallthethings, @reckless, @mattblaze, @rayredacted, @sarafischer, @caseynewton, @evelyndouek, @willoremus, @adamsteinbaugh, @axios, @djrothkopf, @dylanbyers, @sarafischer, @willoremus, @adamsteinbaugh, @mmasnick, @pwnallthethings, @adamsteinbaugh, @bradmossesq, @oliverdarcy, and @campuscodi
| Gené Teare / Crunchbase News: |
Analysis of global venture funding for H1 2021: $288B invested, an all-time high and up by $110B on H2 2020, with most going to late-stage companies — Global venture capital funding in the first half of 2021 shattered records as more than $288 billion was invested worldwide, Crunchbase numbers show.
More:
BetaKit and The Information
| Alex Heath / The Verge: |
Facebook-commissioned study by Comscore claims that most US iOS and Android users stick with preinstalled apps; Apple says the study is “seriously flawed” — If you use an iPhone or Android phone, chances are the majority of your most-used apps were made by Apple and Google.| 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, BBC, PCMag, Insider, iPhone in Canada Blog, thegamer.com, Digital Trends, and caixinglobal.com
Tweets: @evan_greer, @sixthtone, and @tiffanycli
| 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:
AppleInsider, BTCMANAGER, Blockonomi, MacDailyNews, and iMore
Tweets: @thestalwart, @counternotions, @sivaram_v, @sandeepparekh, @davidgzeiler, @algotrdr, @d0h0k1, @crypto, and @jackcambell14
| 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 …
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NBC News, Wall Street Journal, CNET, ZDNet, The Daily Dot, The Hill, Adweek, and TNW
Tweets: @brandyzadrozny, @anthony, and @hypervisible
| 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, VentureBeat, Laptop Mag, Windows Central, mobilesyrup.com, GamesIndustry.biz, The Verge, TechSpot, Engadget, TechRadar, Rock, Paper, Shotgun, PC Gamer, Micky, Destructoid, Game Rant, SlashGear, GameSpot, Press Start, purexbox.com, Kotaku Australia, GamingBolt, Wccftech, MSPoweruser, VG247, Trusted Reviews, Digital Trends, Polygon, Forbes, Video Games Chronicle, Pocket-lint, and Gamasutra
Tweets: @jasonschreier, @jasonschreier, @jasonschreier, @laurakbuzz, @zhugeex, @jasonschreier, @jasonschreier, and @ubisoft
| Ryan Browne / CNBC: |
Wise begins trading in London direct listing, valuing the money transfer firm at $11B, and launches OwnWise, a program to let users own a stake in the company — - Wise shares opened at £8 a share Wednesday morning, giving the company a market value of £8 billion ($11 billion).
More:
PYMNTS.com, Reuters, The Guardian, Bloomberg, Insider, Tech.eu, Sifted, Crowdfund Insider, and Bloomberg
Tweets: @ryan_browne_, @bgurley, @quinnypig, and @ryan_browne_
| Carson Kessler / ProPublica: |
Some users have reported getting locked out of their accounts at Chime, a “neobank” serving millions, with 920 complaints filed to CFPB since April 15, 2020 — Chime, a “neobank” serving millions, is racking up complaints from users who can't access their cash.| 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.| 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: @alfredwkng, @themarkup, @evan_greer, @evan_greer, and @jessedamiani
| Parmy Olson / Wall Street Journal: |
How activists and fraudsters are evading facial recognition, including by using face masks and paint and combining multiple faces to form a new identity — The Future of Everything covers the innovation and technology transforming the way we live, work and play, with monthly issues on health, money, cities and more.
Tweets: @martijnrasser and @parmy
| 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:
BTCMANAGER, Financial News, and Fortune
| Ben Thompson / Stratechery: |
Instagram's shift away from being a photo-sharing app fits within its broader continuous evolution, from photo filtering tool to network to Stories and beyond — Last week Head of Instagram Adam Mosseri posted a video on Instagram about Instagram: … Everyone that I've seen …
Tweets: @mosseri and @stratechery
| 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: @techreview, @rebecca_chowd, @techreview, @brianmcc, 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 …
More:
Patrick Breyer, Euractiv, Bitcoin Magazine, 9to5Mac, and Silicon Republic
Tweets: @michalboni and @fariacat
| Mary Ann Azevedo / TechCrunch: |
Unit21, which helps businesses monitor fraudulent activities via APIs and a dashboard, raises $34M Series B led by Tiger Global at a $300M valuation — Unit21, a startup that helps businesses monitor fraudulent activities with its no-code software, announced today it has raised $34 million … | 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.| Kyle Wiggers / VentureBeat: |
Massachusetts-based Silk, which builds tools to improve database performance, raises $55M led by S Capital, bringing its total raised to $294M+ — Where does your enterprise stand on the AI adoption curve? Take our AI survey to find out. — Silk, a platform designed to improve database performance …
More:
SiliconANGLE, FinSMEs, and PR Newswire
| Gerrit De Vynck / Washington Post: |
A look at the debate over autonomous weapons: 30 countries support a total ban, the US says concerns are overblown, and Russia says such weapons don't yet exist — The Pentagon says a ban on AI weapons isn't necessary. But missiles, guns and drones that think for themselves …
Tweets: @ylitvinenko, @onekade, @daankayser, @heatherkelly, @gerritd, @gerritd, @washingtonpost, @oriana0214, @willoremus, and @susanoftexas
| Paul Alcorn / Tom's Hardware: |
Intel brings back Shlomit Weiss, one of its famed chip architects, to lead all of its consumer chip development and design; Weiss returns to Intel from Nvidia — Intel announced that it is bringing back another one of its famed chip architects, 28-year veteran Shlomit Weiss … Sponsor Posts
Subquadratic:
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.
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.
Cloudflare:
Cloudflare Connect 2026: The Agentic Conference — Stop preparing for agents. Start running them. 100+ sessions, workshops, and speakers from OpenAI, Arm, and Cloudflare across AI, security, and performance.
Cloudflare Connect 2026: The Agentic Conference — Stop preparing for agents. Start running them. 100+ sessions, workshops, and speakers from OpenAI, Arm, and Cloudflare across AI, security, and performance.
Zoho:
Automate your scheduling workflows with Zoho Calendar — Your calendar can do more than schedule meetings Creating a calendar event takes only a few seconds. But scheduling is rarely just about creating the event.
Automate your scheduling workflows with Zoho Calendar — Your calendar can do more than schedule meetings Creating a calendar event takes only a few seconds. But scheduling is rarely just about creating the event.
IDrive:
Protecting your Cloud Applications Data — Backing up Office 365, Google Workspace, Dropbox & Salesforce data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.
Protecting your Cloud Applications Data — Backing up Office 365, Google Workspace, Dropbox & Salesforce data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.Featured Podcasts
Grit:
Inside the AI Startup Making Customer Support 65% Cheaper
Grit explores what it takes to create, build and scale world-class organizations.
Subscribe to Grit.
Lenny's Podcast:
90 minutes of unfiltered product advice from Snap and Discord's product chief | Peter Sellis
Interviews with world-class product leaders and growth experts to uncover actionable advice to help you build, launch, and grow your own product.
Subscribe to Lenny's Podcast.
Big Technology Podcast:
AI Doom Backlash Arrives, Anthropic & OpenAI IPO Outlook, Frontier Business Momentum Slows
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.
Channels with Peter Kafka:
AI Wants to Shop for You. What Could Go Wrong?
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.
Invest Like the Best:
Michael Moritz - Lessons From 40 Years of Investing and Writing
The leading destination to learn about business and investing. We do this by showcasing exceptional talent and ideas.
Subscribe to Invest Like the Best.
Sources:
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.
Subscribe to Sources.
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